Tag: funding daily

Databricks raises $400 million at a $6.2 billion valuation

Prescient are the entrepreneurs who predicted data would become the new oil, like Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker. They’re the cofounders of Databricks, a San Francisco-based company that provides a suite of enterprise-focused scalable data science and data engineering tools. Since 2013, the year Databricks […]

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Sandbox VR raises $11 million from elite Silicon Valley and Hollywood investors

Sandbox VR has raised an additional $11 million in funding from notable Silicon Valley and Hollywood icons, such as Andreessen Horowitz, Katy Perry, and Justin Timberlake. The new investment brings their reported total to $83 million in 2019, including a $68 million round from earlier this year. The investment takes place amid a slowdown in […]

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Disperse raises $15 million for computer vision that tracks construction site progress

Disperse, a London-based startup that helps construction companies automatically capture and process visual data from construction sites, has raised $15 million in a series A round of funding from Northzone, with participation from Revolt Ventures, Kindred, and Frontline. Founded in 2015, Disperse is one of a number of startups setting out to disrupt the trillion-dollar […]

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Microsoft acquires Mover to bolster cloud migration solutions

Microsoft today announced that it’s acquired Mover, an Edmonton-based provider of admin-led and self-service cloud file migration offerings. It didn’t disclose the terms of the deal, but it said that the startup’s tech will bolster and complement existing first-party solutions like FastTrack and the SharePoint Migration Tool for migrating content from on-premises SharePoint sites and […]

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MediView XR raises $4.5 million to give surgeons X-ray vision with AR

MediView XR has raised $4.5 million to equip surgeons with augmented reality imagery that effectively gives them 3D X-ray-like vision. With Microsoft HoloLens or other AR goggles, surgeons can insert an instrument into a patient and see an animation that shows exactly where the instrument is going, under the skin. The AR Surgical Navigation Platform […]

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Upstream Security raises $30 million to protect connected cars from cyberattacks

Upstream Security, a cloud-based cybersecurity platform for connected cars, has raised $30 million in a series B round of funding led by Alliance Ventures, an automotive alliance constituting Renault, Mitsubishi, and Nissan. Volvo Group, Hyundai, Charles River Ventures, Glilot Capital, Maniv Mobility, and Nationwide also participated in the round. The connected car market was pegged […]

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Corelight raises $50 million to monitor networks for intruders

San Francisco-based Corelight, which provides network traffic analyst platform for cybersecurity, today announced that it’s secured $50 million in a series C funding round led by Insight Partners. The fresh capital brings the startup’s total fundraising to $84 million to date following a $25 million series B in September 2018 and a $9.2 million series […]

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Pensando Systems raises $145 million for custom hardware that processes data at the edge

The Information revealed in a report roughly two years ago that Pensando Systems, formed by top former Cisco executives Mario Mazzola, Prem Jain, Luca Cafiero, and Soni Jiandani, was developing a new kind of chip for networking and storage. The rumored impetus was their reassignment by incoming Cisco CEO Chuck Robbins, ending an arrangement in […]

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Atomontage raises $1.95 million for microvoxel-based 3D graphics

Atomontage has raised $1.95 million in seed funding for its microvoxel technology, which you use with 3D simulation and graphics rendering. The investors included Makers Fund; Karl Magnus Troedsson, the former CEO of EA DICE; Tommy Palm, the CEO of Resolution Games; and Hilmar Pétursson, the CEO of CCP. Atomontage will primarily use the funding […]

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Quantemplate raises over $12 million for AI insurance and reinsurance data solutions

Quantemplate, a startup providing self-service, cloud-based automated data solutions for insurers and reinsurers, today revealed that it raised over $12 million in a recent funding round led by Route 66 Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group. The raise brings the New York- and London-based company’s total […]

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Healx raises $56 million to combat rare diseases with AI

Healx, a company that said it’s using artificial intelligence (AI) to discover new drug treatments for rare diseases, has raised $56 million in a series B round of funding led by Atomico, with participation from Intel Capital, Balderton Capital, Global Brain, Btov Partners, Amadeus Capital Partners, and Cambridge Innovation Capital’s Jonathan Milner. Founded out of […]

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CleverTap raises $35 million for AI that tracks and builds customer engagement

Mountain View, California-based CleverTap, which develops cloud-based customer management and engagement tracking tools, today revealed that it recently closed a $35 million series C funding round at a valuation of $385 million — over double its previous valuation of $150 million. Tiger Global Management and Sequoia India co-led the raise, which brings the startup’s total […]

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Level Home raises $71 million from Walmart to imbue locks with connected smarts

Smart locks that play nicely with HomeKit and similar platforms are a proposition almost too good to pass up. Top-of-the-line models from Yale and Schlage automatically unlatch doors when familiar faces arrive, and they lock them when someone departs. But problematically, they’re typically expensive — particularly in homes with multiple locks to upgrade. Unsurprisingly, there’s […]

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Herow closes $18.6 million round for developers and marketers to serve contextual messages in mobile apps

Herow, a French startup that helps marketers and app developers engage with mobile users with contextual messaging, has said that it closed a $18.6 million series B round of funding from Xerys Fund, Siparex, and Calao Finance. In truth, Herow has only raised a fresh $8 million in funding, given that it apparently closed its […]

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Xor raises $8.4 million for AI-powered job candidate recruitment and screening

Xor, a San Francisco-based startup developing an AI chatbot platform for recruiters and job seekers, today announced that it has raised $8.4 million in a seed funding round led by SignalFire, with participation from Gurtin Ventures and Twin VC. The capital infusion comes after a year in which Xor tripled sales in the U.S., reaching […]

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Trust Ventures raises $70 million for startups targeting public policy and social problems

Trust Ventures has raised $70 million for a second venture capital fund that focuses on startups tackling social issues or significant publicy policy matters. It’s based on the notion that startups can accomplish great things for society, as well as making money. More than $70 million has been committed to the Austin, Texas-based fund, but […]

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Parsley raises $26 million to provide personalized telemedical care nationwide

Parsley Health, a New York-based personalized medicine provider founded in 2016, today revealed that it closed a $26 million in a series B funding round this summer led by Star Capital, with participation from FirstMark Capital, Amplo, Alpha Edison, Arkitekt Ventures, Galaxy Digital, and individual investors Flatiron Health CEO Nat Turner and One Medical founder […]

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Einride raises $25 million to accelerate rollout of its autonomous electric shipping fleet

Einride today announced it has raised $25 million to continue development of its self-driving electric shipping vehicles and begin targeting international markets. Based in Sweden, the company has developed a software platform and autonomous, electric Einride Pods that are modular and can be adapted to suit various loads. The goal is to speed the trend […]

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Grammarly raises $90 million for AI that spots grammar errors and plagiarism

Grammarly, the Kyiv, San Francisco, Vancouver, and New York startup behind the eponymous cross-platform grammar- and spell-checking platform, today revealed that it’s secured $90 million in its second-ever funding round, led by General Catalyst, with participation from IVP as well as undisclosed existing and new investors. CEO Brad Hoover said the fresh capital, which brings […]

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Clari raises $60 million for AI sales pipeline optimization tools

Clari, a startup developing an end-to-end sales analytics and forecasting platform for enterprises, today announced that it’s raised $60 million in series D funding led by Sapphire Ventures, following on the heels of a $60 million series C round in March 2018 and a $20 million series B round in June 2014. (Madrona Venture Group […]

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