Tag: funding daily

Sphero acquires modular electronics company LittleBits

Sphero, the nine-year-old Colorado-based company best known for its lineup of programmable robots, this week completed a major acquisition that catapults it to the top of the burgeoning science, technology, engineering, arts, and math (STEAM) product market. Today, the company announced it has purchased New York City-based modular electronics startup LittleBits for an undisclosed sum, […]

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SpotHero raises $50 million to bring underutilized parking spaces online

Chicago, Illinois-based parking inventory and booking startup SpotHero today announced that it’s secured $50 million in a series D round led by Macquarie Capital, bringing its total raised to date to $118 million. CEO and cofounder Mark Lawrence said the round, which saw participation from investors Union Grove Venture Partners, Insight Venture Partners, Global Founders […]

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Drop raises $44 million to reward loyal shoppers with gift cards

Drop, a coalition customer loyalty company headquartered in Toronto, Canada, today announced that it’s raised $44 million in series B funding led by HOF Capital, with participation from New Enterprise Associates (NEA), Sierra Ventures, and Royal Bank of Canada. The fresh funds come after a $21 million series A round in January 2018, and they […]

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Zenoti raises $20 million to manage salon and spa bookings

Zenoti, a Bellevue, Washington-based startup developing booking software for the spa and salon industry, today announced that it’s raised $20 million from Steadview Capital, bringing its total raised to nearly $100 million following a $50 million series C in May 2019. The fresh capital will be used to expand the company’s presence in the U.K. […]

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Knotel raises $400 million to lease and manage coworking spaces

Knotel, a New York startup that designs and operates bespoke spaces for brands, today announced that it’s secured $400 million in funding at a valuation of $1 billion led by Wafra, an investment arm of Kuwait’s Sovereign Wealth Fund, with participation from Mori Trust, Itochu, and Mercuria. The capital infusion brings its total raised to […]

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Fund That Flip raises $11 million to finance home makeovers

Fund That Flip, a New York- and Cleveland, Ohio-based marketplace lender of residential real estate loans, today announced that it’s secured $11 million in funding from Edison Partners. Founder and CEO Matt Rodak said that the capital infusion, which brings the startup’s total raised to nearly $15 million, will be used to scale distribution around […]

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Capacity raises $13.2 million to index emails, files, and more with AI

Capacity (formerly Jane.ai), a startup developing a platform that indexes data from apps, teams, and more and enables users to search through the corpus using natural language, today revealed that it recently raised $13.2 million in series B funding from undisclosed Midwest angel and private investors. The influx of capital brings the company’s total raised […]

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TriEye raises $2 million more for cameras that can see in the dark

TriEye, an Israel-based semiconductor company pioneering short wave infrared (SWIR) imaging technology for adverse weather and nighttime conditions, today announced that it’s expanded its series A round from $17 million to $19 million with an investment from Porsche. CEO Avi Bakal says that the newfound funds, which bring the startup’s total raised to date to […]

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Twitter acquires Lightwell to improve conversations

The folks behind Lightwell, the app creation engine launched by interactive storytelling startup Hullabalu in 2017, today revealed that they’ve been acqui-hired by Twitter for an undisclosed amount. In a statement made via Lightwell’s official Twitter account, the team says its work at Twitter will focus on the company’s conversations initiative. Lightwell says that its […]

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Homeis raises $12 million to foster online immigrant communities

Immigrating to a new country is not easy. Culture shock is all too common for the hundreds of millions who leave their birthplace each year in search of better opportunities, as unfamiliar customs, architecture, and dialects become the rule rather than the exception. It’s this dynamic that draws recently installed residents to ethnic enclaves in […]

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Starship Technologies raises $40 million for autonomous delivery robots

It’s anticipated that the autonomous delivery robots market will be worth $34 billion by 2024, up from $11.9 billion in 2018. Some analysts predict that by then, in cities around the world, thousands of drones and rovers will regularly ferry food, drink, toiletries, and parcels on command to customers miles away. It’s a future on […]

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Zendrive raises $37 million to encourage good driving behaviors with AI

Why should defensive drivers settle for roughly the same monthly insurance premiums as their less responsible, more aggressive peers? That niggling question motivated Google and Facebook veteran Jonathan Matus to found Zendrive, a service that collects data about driving habits and awards drivers for making safe decisions. It’s been chugging along since 2013, the year […]

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Reputation.com raises $30 million to help businesses manage their online presence

Reputation.com (formerly ReputationDefender) is a Redwood City, California-based company that provides solutions for tracking and improving online reviews and local search visibility for businesses. Today, Reputation revealed it has secured $30 million in equity financing led by Ascension Ventures, bringing its total raised to over $100 million. New investors Akkadian Ventures, Industry Ventures, and River […]

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H2O raises $72.5 million to simplify enterprise AI deployment

AI and machine learning can be complicated stuff to the layperson, yet surveys show this hasn’t deterred enterprises from adopting it in droves. Business use of AI grew a whopping 270% over the past four years according to Gartner, while Deloitte says that 62% of respondents to its corporate October 2018 report deployed some form […]

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Microsoft acquires JClarity to bolster Java workloads on Azure

Microsoft today announced that it has acquired JClarity, leading contributor to the AdoptOpenJDK project, for an undisclosed amount. In a blog post published this morning, corporate vice president of program management for developer tools and services John Montgomery said the purchase will bolster Microsoft’s Azure cloud computing platform by increasing performance for Java workloads. “Microsoft […]

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Klang raises $22.3 million for MMO space colony simulation Seed

Klang has raised $22.33 million in funding to develop a massively multiplayer online space colony simulation called Seed. The Berlin-based game studio is making a large-scale, persistent virtual world, hoping to redefine the MMO landscape. Novator Partners, a global technology and health care investment firm, led the funding. Lego Ventures, the investment entity of the […]

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Mason raises $25 million to expedite enterprise hardware development

Mason, a startup developing a platform that expedites mobile hardware time to market in the enterprise, today announced that it has raised $25 million in a series A round led by Coatue Management, with GGV Capital and Base10 participating. The fresh capital comes after two seed rounds totaling $120,000, and CEO Jim Xiao said it […]

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Mux raises $20 million to simplify video streaming and analytics

Video is among the internet’s most brand of media. It’s estimated that more clips are uploaded in a month than the major U.S. television networks have created in 30 years, and roughly 87% of online marketers today use video content. Perhaps unsurprisingly, video traffic is projected to constitute 82% of all IP traffic by 2022, […]

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Scoop raises $60 million for carpool service

Americans inordinately drive to work. In point of fact, 76.4% of U.S. workers report commuting to the office alone, compared with the just 5.2% who say they take mass transit. Even in New York City, with its extensive transit and rail system and high levels of congestion, more than half of people get to their […]

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