Unicorn Nest news
Cyber risk management platform provider Panorays nabs $42M
– Panorays, a provider of security risk management software, announced that it closed a $42m series B funding round led by Greenfield Partners with participation from Aleph and Oak HC/FT, as well as new investors BlueRed Partners, Greenspring Associates, and Moneta VC.
– The company says that it plans to spend the capital on product R&D and hiring as it looks to expand the size of its platform.
– Investments in cyber risk mitigation technologies continue to grow as cyberattacks proliferate during the pandemic. In 2020, the average business cost of a cyberattack was $3.86m, and it took over 200 days to detect the breach.
– Perhaps unsurprisingly, Gartner projects that worldwide spending on information security and risk management technology and services is forecast to climb 12.4% to reach $150.4bn in 2021.
Unicorn Nest news
Uniper Care Technologies Raises $14.5M in Series A Funding
– Uniper is a technology based community for older adults to lead an active and social life at any age.
– The company raised $14.5m in Series A funding.
– Backers included Aleph, Zeev Ventures and other investors with senior care and healthcare expertise.
– The new investment will be used to expand its managed care, government and community-based organization relationships, as well as seniors’ engagement with the network, expand its team to enhance platform capabilities and enter new geographies.
Unicorn Nest news
Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform
– Unit, a banking as a service startup, raised $51m in Series B funding.
– The round was led by Accel and joined by Better Tomorrow Ventures, Aleph, Flourish Ventures and TLV Partners.
– The company plans to use the funding to expand its team and product offerings.
Unicorn Nest news
Location data analytics startup Placer.ai raises $50M Series B
– Placer.ai, a foot traffic and location analytics startup, raised $50m in Series B funding.
– The round was led by Josh Buckley, the chief executive officer of Product Hunt, Todd Goldberg and Rahul Vohra.
– Other participants included Fifth Wall and returning investors JBV Capital and Aleph VC.
– The company plans to use the funding on research and development and expanding its sales and marketing teams.
Unicorn Nest news
Placer Labs Snags $50M in Series B Funding
– Placer Labs, a leader in location analytics and foot traffic data, has closed a $50m series B funding round.
– The round was led by Josh Buckley, Todd Goldberg and Rahul Vohra, with participation from Fifth Wall, JBV Capital and Aleph VC.
Unicorn Nest news
Trullion Announces Real-Time, AI-Powered Accounting Platform, Secures Seed Financing
– Trullion, formerly known as SMRT, has raised a financing round co-led by Greycroft and Aleph.
– Additional strategic investors participating in the round include Verissimo Ventures and industry leaders like Bob Mylod, Artie Minson, Jody Padar and Zac Bookman.
– Trullion translates vast data sets from PDF contracts, Excel and other sources into a single system for accounting teams.
– The platform creates real-time visibility into company financials by using AI to review items such as leases and revenue agreements and translating them into a live data image, with 360° transparency to the source data.
– Through automated data entry, the company prevents costly errors, saves time, and streamlines the often complicated process required of accounting stakeholders.
Unicorn Nest news
Workiz locks in $13M for productivity tools aimed at home services professionals
– Workiz, a field service management platform for small businesses, raised $13m in funding.
– The round was led by New Era Capital Partners and joined by Aleph, Magenta Venture Partners, Maor Investments and TMT Investments.
– The company is based out of San Diego and Israel.
– It has some 100,000 service professionals using the platform.