Unicorn Nest news
SimScale Raises €25M Series C Extension
- SimScale is a SaaS platform making high-fidelity simulation technically and economically accessible to engineers worldwide. - The company raised an additional €25M as an extension to its Series C funding. - The round was co-led by Draper Esprit and Insight Partners, with participation from Earlybird, June, Vsquared and USV. - The new investment will be used to expand into new industries and add simulation capabilities.
Unicorn Nest news
Cloud security and analytics platform Devo raises $250M to bolster R&D efforts
- Devo Technology, a startup developing cloud logging and cybersecurity products, announced that it raised $250 million in a series E funding round valuing the company at $1.5 billion. - TCV led the investment along with General Atlantic, Eurazeo, Bessemer Venture Partners, Insight Partners, Georgian, and Kibo Ventures, which brings Devo’s total funds raised to more than $400 million. - CEO Marc van Zadelhoff says that the money will be put toward “aggressive growth” across new regions and verticals and “significantly increas[ing] investment” in channel expansion and product R&D.
Unicorn Nest news
Candy Digital Secures $100 Million Investment in Series A Round; Values Company At $1.5bn
– Candy Digital announced a $100m Series A financing round, which values the company at $1.5bn.
– The round was co-led by leading global private equity and venture capital firms Insight Partners and Softbank Vision Fund 2. Additional participants in the round include Connect Ventures, an investment partnership between leading entertainment and sports agency Creative Artists Agency (CAA) and global venture capital firm New Enterprise Associates, Will Ventures, Gaingels, Com2Us, Athletes Syndicate in partnership with Chaos Ventures, which includes participation from current and retired MLB, NFL, NBA, and NHL players, and NFL Hall of Famer Peyton Manning.
– Candy Digital is building Major League Baseball’s official NFT ecosystem where fans and collectors will be able to purchase, trade, and share officially licensed NFTs to deepen their love of the sport.
Unicorn Nest news
AI model optimization startup Deci raises $21M
– Tel Aviv, Israel-based Deci, a company developing a platform to optimize machine learning models, announced that it raised $21 million in a series A round led by Insight Partners with participation from Square Peg, Emerge, Jibe Ventures, Samsung Next, Vintage Investment Partners, and Fort Ross Ventures.
– The investment, which comes a year after Deci’s $9.1 million seed round, brings the company’s total capital raised to $30.1 million and will be used to support growth by expanding sales, marketing, and service operations, according to CEO Yonatan Geifman.
Unicorn Nest news
Blue White Robotics Raises $37M in Series B Funding
– Blue White Robotics from Tel Aviv provides Robots-as-a-Service (RaaS) that enables farms to run themselves autonomously.
– The company raised $37M in Series B funding.
– The round was led by Insight Partners and Entrée Capital, joined by Clal Insurance, Jesselson Family Office, Peregrine VC, and Regah Ventures.
– The new investment will be aimed at increasing the rapid adoption of these technologies, driving new US sales, and hiring talent for their international team.
Unicorn Nest news
Spenmo Raises US$34M in Series A Funding
– Spenmo, a Singapore-based provider of payments software for growing businesses, raised a US$34M Series A funding.
– The round was led by New York-based private equity and venture capital firm Insight Partners with participation from Lee Fixel’s Addition, Salesforce Ventures, Alpha JWC, Global Founders’ Capital, Broadhaven, Operator Partners and Commerce Ventures, and angel investors such as William Hockey (Founder of Plaid), Reuben Lai (Senior MD, Grab Financial Group) and Ongki Kurniawan (Head of Stripe Indonesia, Ex-Head of Grab Indonesia).
– After its launch in Singapore last year, Spenmo has since expanded across Southeast Asia and has thousands of customers from various sectors, including high-growth startups, SMBs, mid-market companies, and accounting firms.
Unicorn Nest news
Facetune maker Lightricks raises $130 million ahead of M&A plans
– Lightricks, an Israeli mobile photo and video editing company, raised $130m funding.
– The round was led by Insight Partners and Hanaco Venture Capital and includes new investors Migdal Insurance, Altshuler Shaham and Shavit Capital.
– Existing investors Goldman Sachs Asset Management, Claltech, Harel Insurance and Finance, and Greycroft also participated.
– The company has raised $335m to date.
– It has been best known for its photo-editing app Facetune.
Unicorn Nest news
Tiger Global-led $100M investment makes Apna India’s fastest unicorn
– Apna, a startup that is helping millions of blue- and gray-collar workers in India learn new skills and find jobs, has become the youngest firm to join the coveted unicorn status in the world’s second-largest internet market.
– The startup raised $100m funding led by Tiger Global at a $1.1bn valuation.
– Other investors include Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures and GSV Ventures.
Unicorn Nest news
1047 Games raises $100M on the runaway success of its debut title, Splitgate
– 1047 Games, a game developer, raised $100m in Series C funding.
– The round was led by Lightspeed Venture Partners and joined by Insight Partners, Anthos Capital, and earlier seed round investors Galaxy Interactive, VGames, Human Capital, Lakestar, DraperDragon, and Draper University.
– It brings the company to a valuation of $1.2 billion.
– The company plans to use the funding to expand its team and continue to build out its game portfolio.
Unicorn Nest news
Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round
– Transmit Security announced that Citi Ventures and the Goldman Sachs have joined the company’s most recent $543m Series A funding round, setting a new record in investment history as the largest Series A investment in cybersecurity.
– The Series A round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2bn.
– Transmit Security will use the funding to increase the company’s global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.
Unicorn Nest news
Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom
– Commercetools, a provider of e-commerce APIs, raised $140m in funding.
– The funding was led by Accel and joined by Insight Partners and REWE Group.
– The company was valued at $1.9bn.
Unicorn Nest news
Papaya Global Raises $250 Million in Series D Funding at $3.7 Billion Valuation
– Papaya Global announced a $250m Series D funding round.
– The round was led by New York-based global private equity and venture capital firm Insight Partners and joined by Tiger Global, with participation from existing investors Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries and Group 11.
– Funding will be used to continue Papaya’s rapid expansion and accelerate the recruitment of rapidly growing companies (pre/post IPO) and Fortune 5000 clients.
– Papaya, the global people management platform for the remote work era – which tripled its revenue in 2020 – provides a radically simple solution for managing and paying all types of global workers in full compliance, from onboarding to payments, in over 140 countries.
Unicorn Nest news
Copado Raises $140 Million Series C Round to Expand Its DevOps Platform Across Leading Enterprise SaaS Clouds, Approaches $1.2 Billion Valuation
– Copado has raised $140m in Series C financing.
– The round was led by Insight Partners and includes participation from new investors SoftBank Vision Fund 2, Declaration Partners and DG Ventures, as well as existing investors Salesforce Ventures, ISAI Cap Venture, Lead Edge Capital, and Perpetual Investors. Strategic investor IBM Ventures also participated in the round.
– Proceeds will be used to expand its DevOps and AI-enabled testing solutions across the leading enterprise SaaS platforms driving today’s digital transformation projects.
Unicorn Nest news
Wisetack Raises $45M in Series B Funding
– Wisetack is a San Francisco, CA-based technology company that brings buy now, pay later to in-person services like home and auto repair.
– Company raised $45M in Series B funding.
– The round was led by Insight Partners, with participation from existing investors Greylock Partners and Bain Capital Ventures.
– The new investment will be used to accelerate the company’s growth, including supporting further expansion into verticals such as auto repair, elective medical, dental and veterinary, legal services, and more.
Unicorn Nest news
CookUnity whips up nationwide expansion following $47M round
– CookUnity, a subscription-based meal delivery startup, raised $47m in Series B funding.
– The round was led by Insight Partners and joined by Endeavor Capital and previous investors IDCV, Fuel Ventures and Gaingels.
– The company has now raised a total of $70m since its inception in 2018.
Unicorn Nest news
Beauty Pie, an online buyers’ club, picks up $100M to boost its beauty and wellness business
– Beauty Pie, a beauty startup, raised $100m in Series B funding.
– The round was led by Index Ventures and Insight Partners, with previous backers Balderton Capital, General Catalyst and Latitude VC also participating.
– Beauty Pie, founded in 2016, has now raised $170m to date.
Unicorn Nest news
Aviatrix Raises $200M in Series E Funding
– Aviatrix from Santa Clara provides cloud networking and security software for enterprises.
– The company raised $200m in Series E funding.
– The round was led by TCV with participation from new investors Insight Partners and Tiger Global, and existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners.
– The new investment will be aimed at scaling the worldwide sales and support operations.
Unicorn Nest news
Trengo Platform Raises $36M ln Series A Funding
– Trengo is the Dutch omnichannel communications platform.
– The company announced raising $36m in a Series A funding.
– The funding was led by Insight Partners and Peak.
– Trengo is aimed to accelerate international expansion, attracting talent and fueling further development of the technology-driven omnichannel communication platform.
Unicorn Nest news
Alma Pulls In $50M Series C Round
– Alma, a membership-based network for mental health care providers to build and scale their practices, has announced $50m in Series C funding.
– The round is led by global private equity and venture capital firm Insight Partners with participation from Optum Ventures, Tusk Venture Partners, Primary Venture Partners, Sound Ventures, BoxGroup and Rainfall Ventures.
– The company intends to use the funds to fuel Alma’s national expansion and support therapists across the country to offer affordable, in-network care.
Unicorn Nest news
Shelf.io Raises $52.5 Million in a Series B To Accelerate Growth Of AI-Driven Answers Automation Platform
– Shelf.io announced a $52.5m Series B round of funding led by Tiger Global and Insight Partners, with participation from existing investors Base10 Partners, Connecticut Innovations, Contour Venture Partners and individuals like Austin McChord (founder of Datto) and Tooey Courtemanche (founder of Procore).
– The company, whose clients include John Deere, DSW, HelloFresh, Equitable/AXA, and Glovo, has experienced 4X growth in the last 12 months, zero customer churn in the last three years and a 10X user growth in the last year.
– Shelf was created to address a massive employee productivity challenge — the average worker spends 19% of their time tracking looking for answers or tracking down colleagues for help. The shift to remote teams due to COVID has only exacerbated the problem of tracking down answers.
Unicorn Nest news
Monolith AI Raises £8.5M in Series A Funding
– Monolith AI, a UK AI engineering software company, raised £8.5M in Series A funding.
– The round was led by Insight Partners with participation from existing investors Pentech and Touchstone, Alejandro Agag, the founder of Formula E and Extreme E, Apex Black and the Stanford Angels of the UK.
– The new investment will be used to accelerate the company’s international client base and continue to develop its 3D machine learning technology.
Unicorn Nest news
Tetavi Closes $20M Funding Round
– Tetavi, a Los Angeles, CA-based volumetric technology platform, closed a $20m venture funding round.
– The round was led by Insight Partners, with participation from OurCrowd, Nimble Ventures and additional private investors.
– The company intends to use the funds to increase its presence in North America, expanding its partnerships and content platform across the U.S. with specific locations in Los Angeles and New York.
Unicorn Nest news
Covera Health Raises $25M in Series C Financing to Fuel Growth of Its Healthcare Quality Analytics Platform
– Covera Health announced its Series C financing.
– The $25m funding was led by global venture capital and private equity firm Insight Partners with participation from existing investors including Equity Group Investments.
– The round enables Covera to not only meet the growing demand for its healthcare quality insights, but also significantly expand its suite of innovative products supporting physicians and payers in their efforts to improve patient outcomes.
– Covera is solving one of the most impactful and challenging problems in healthcare today: ensuring patients get the right diagnosis at the right time, which gives them the best chance of a successful health outcome.
Unicorn Nest news
DriveWealth Raises $450M in Series D; Valued At $2.85 Billion
– DriveWealth Holdings, Inc. (NYSE: DRV) is a Chatam, N.J.-based fractional trading and embedded finance company.
– The company raised $450m in Series D funding.
– The round was co-led by Insight Partners and Accel, with participation from Greyhound Capital, Softbank Vision Fund, Point72 Ventures, Fidelity International, Base 10, FTX, and FlightDeck.
– The new investment will be used to continue product and service expansion, talent acquisition, and technology innovation, as well as to launch self-clearing and accelerate execution via strategic acquisitions and partnerships.
Unicorn Nest news
Metabase Raises $30M in Series B Funding
– Metabase is a San Francisco, CA-based open source platform for sharing data and analytics across any business enterprise.
– Company raised $30m in Series B funding.
– The round was led by Insight Partners, with participation from Expa and NEA.
– The new investment will be used to accelerate the company’s growth.
Unicorn Nest news
Apollo GraphQL Raises $130M in Series D Funding
– Apollo GraphQL is a San Francisco, CA-based developer of open source and commercial GraphQL API technologies.
– Series D funding was led by Insight Partners with participation from existing investors Andreessen Horowitz, Matrix Partners, Trinity Ventures, Next47 and Hatim Shafique, Chief Customer Officer at DataBricks.
– The new investment will be used to accelerate the company’s product development efforts.
Unicorn Nest news
Uizard Raises $15M in Series A Funding Led by Global ScaleUp Investor Insight Partners
– Copenhagen-based Uizard, the world’s first AI-powered digital design assistant for non-designers, announced that it has raised $15m in Series A funding.
– The funding was led by New York-based global private equity and venture capital firm Insight Partners, with participation from Mariano Suarez-Battan, CEO and Co-Founder of Mural, and existing investors byFounders, LDV Capital and av8 Ventures.
– Uizard will use the funding to grow its marketing and commercial teams and hire new talent globally, with a focus on Europe.
Unicorn Nest news
Latin America E-Commerce Leader, Nuvemshop Raises $500 Million from Insight Partners and Tiger Global Management
– Nuvemshop, Latin America’s leading e-commerce platform, today announced that it has raised a $500m Series E round of funding.
– The round was co-led by Insight Partners and Tiger Global Management, with significant participation from Alkeon and Owl Rock.
– Other investors that joined the round included Sunley House Capital and VMG Partners, as well as existing investors Accel, Kaszek, Kevin Efrusy, Qualcomm Ventures LLC, and ThornTree Capital.
– This new round of financing values the company at $3.1b and brings Nuvemshop’s total funding in the last 10 months to more than $620m.
Unicorn Nest news
Imubit Raises $30M In Funding
– Imubit from Houston, TX develops an AI process optimization solution that enables hydrocarbon processing plant operators to discover, engineer and monetize process optimization opportunities.
– The company raised $30m in funding.
– The round was led by Zeev Ventures and Insight Partners, with participation from existing investors Spider Capital and UpWest.
– The new investment will be used to bring the company’s Closed Loop Neural Network platform to every process manufacturing plant around the globe.
Unicorn Nest news
Element5 Raises $15M in Series A Funding
– Element5, a San Jose, Calif.-based Automation as a Service solution for post-acute care, closed a $15m Series A funding.
– The round was led by Insight Partners with participation from Maxwell Investment Partners.
– The company, which has raised a total capital of $18.5m, will use the funding to accelerate growth of their product for post-acute care, while strengthening its market presence through customer expansion and scaling of global operations.
Unicorn Nest news
Gelato Raises $240M in Funding
– Gelato from Oslo, Norway provides a platform that enables ecommerce entrepreneurs to produce and ship creations on demand.
– The company raised $240m in funding.
– The round was led by Insight Partners, with participation form SoftBank Vision Fund 2, as well as funds managed by Goldman Sachs Asset Management, and existing investors Dawn Capital, John Hepburn, chairman of Gelato, SEB Pension Fund, and Tellef Thorleifsson (CEO of Norfund).
– The new investment will be used to accelerate the company’s market penetration and growth in the US and Asia, and its expansion of new local production hubs and products, including 3D printing.
Unicorn Nest news
DistroKid Receives Investment From Insight Partners, Valued at $1.3 Billion
– DistroKid from New York develops online tools and services for music distribution, monetization, metadata customization, storage, and promotion.
– The amount of the deal was not disclosed.
– Company received an investment from Insight Partners.
– The new investment will be used to accelerate development of its suite of tools for musicians.
Unicorn Nest news
Doxel raises $40M from Insight, a16z to become the ‘Waze for construction’
– Doxel, which has developed software that uses computer vision to help track and monitor progress on construction job sites, announced that it has raised $40 million in Series B funding.
– Insight Partners led the round, which included participation from existing backers Andreessen Horowitz and Amplo and brings the startup’s total raised to $56.5 million since its December 2015 inception.
Unicorn Nest news
Saturn Raises $44M in Funding
– Saturn, a NYC-based community-centric social platform built around the calendar, raised more than $44m in funding.
– Backers included General Catalyst, Insight Partners, and Coatue, as well as Bezos Expeditions (the personal investment company of Jeff Bezos), Marc Benioff (CEO and founder of Salesforce), Dara Khosrowshahi (CEO of Uber), Dick Costolo and Adam Bain’s 01 Advisors (former CEO and COO of Twitter), Mike Vernal (Partner at Sequoia Capital), Robert Downey Jr., Inspired Capital, WndrCo, Elad Gil, Ashton Kutcher and Guy Oseary’s Sound Ventures, SV Angel, Jerry Murdock (co-founder of Insight Partners), Hadi Partovi, Neo (Ali Partovi’s Venture Fund), Dylan Field (CEO and co-founder of Figma), and TQ Ventures.
– The company will use the funding to grow its engineering and product teams, and to accelerate expansion.
Unicorn Nest news
Chrono24 Raises €100M in Series C Funding
– Chrono24 is a digital marketplace for new and pre-owned luxury watches.
– The company raised €100m in Series C funding.
– The round was led by General Atlantic with participation from Aglaé Ventures, the technology arm of the Arnault family’s investment company and existing investors Insight Partners and Sprints Capital, as well as Felgner and Kniewasser.
– The new investment will be used to continue to scale internationally and deepen its presence in existing markets, enhance its user experience, and augment its global team with additional talent.
Unicorn Nest news
OwnBackup Approaches $3.35 Billion Valuation with Series E Investment; Expands its Leading Cloud-to-Cloud Data Protection to Microsoft
– OwnBackup has raised $240m in Series E funding.
– The round was led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global.
– Existing investors Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures also participated.
– The company has cumulatively raised nearly $500m, resulting in a $2bn valuation increase in six months.
– OwnBackup plans to expand its comprehensive backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft.
– OwnBackup will help Dynamics 365 customers meet complex regulatory requirements and eliminate data disruptions due to user and integration errors.
Unicorn Nest news
Tulip Interfaces Announces $100M Series C Led by Insight Partners to Help Frontline Industries Bring Their Operations to the Cloud
– Tulip Interfaces announced today that it has raised $100m in Series C funding.
– The round was led by New York-based global private equity and venture capital firm, Insight Partners.
– New investors Pitango Growth and Marc Benioff’s TIME Ventures joined the round, as well as existing investors DMG MORI, NEA, and Vertex Ventures US.
– Tulip plans to expand its international operations to better support its hundreds of global enterprise customers like Terex, Delta Faucet, and Outset Medical, spanning more than 35 countries.
Unicorn Nest news
Dataiku Raises $400M at a $4.6B Valuation to Enable Everyday AI in the Enterprise
– Dataiku announced $400m Series E investment led by Tiger Global, with participation from several existing investors, including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital, as well as new investors including Insight Partners, Eurazeo, Lightrock, and Datadog CEO Olivier Pomel.
– This capital, which brings the company’s valuation to $4.6b, will power Dataiku’s mission to systemize the use of data for exceptional business results.
– Dataiku enables over 450 companies globally to leverage one end-to-end platform to design, deploy, and manage AI and analytics applications.
Unicorn Nest news
Class Technologies Closes $105M Series B
– Class Technologies, an edtech platform, has raised a $105M Series B round.
– Led by the Softbank Vision Fund, the round also includes GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai and Tom Brady.
– The company was founded by education software pioneer Michael Chasen.
Unicorn Nest news
QuotaPath raises $21.3M in Insight Partners-led round to help sales teams better track commissions
– QuotaPath, a commission-tracking solution for sales and revenue teams, raised $21.3m in a Series A funding round led by Insight Partners.
– Existing backers ATX Ventures, Integr8d Capital, Stage 2 Capital and HubSpot Ventures also participated in the financing.
– The funding comes amid a year of growth for the startup, which has dual headquarters in Austin and Philadelphia.
– Specifically, QuotaPath has seen 600% revenue growth since January 2021.
– It has over 5,000 users on the platform, 40% of which are paid.
– Customers include Guru, Contractbook, Mailgun, Cloud Academy, SaaSOptics and OSG.
Unicorn Nest news
Class Raises $105M in Series B Funding
– Class Technologies Inc. from Washington, DC develops a platform enhancing virtual and hybrid classrooms by adding teaching and learning tools to Zoom.
– Series B $105m round was led by SoftBank’s Vision Fund 2 and participated by GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Revolution’s Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai, and Super Bowl champion and entrepreneur Tom Brady.
– The new investment will be used to accelerate growth and expand globally into new markets.
Unicorn Nest news
Bubble Raises $100M In Series A Funding
– Bubble is an NYC-based open-ended visual programming platform that lets people build and launch web applications without code.
– Series A $100m round was led by Insight Partners with participation from existing investors SignalFire, Neo, BoxGroup, and Third Kind and notable angel investors including the founders of Datadog, Peloton, and Hootsuite.
– The new investment will be used to improve the platform’s scalability to support newly-formed and scaling startups from MVP to IPO and expand educational initiatives to empower customers to build web platforms affordably.
Unicorn Nest news
YOOBIC Raises $50M Series C to Transform Workplace Experience for Frontline Employees
– YOOBIC, the all-in-one digital workplace for frontline teams, announced closing a $50M Series C funding round led by Highland Europe.
– Existing investors Felix Capital, Insight Partners, and a single family office advised by BNF Capital Limited also participated in the round.
– With $80M in total fundraising since inception, YOOBIC’s industry-leading all-in-one digital workplace is the first full-service software platform designed for frontline teams.
– Its scalable and user-friendly app gives retail associates, restaurant staff, fieldworkers, and all types of frontline employees a single centralized mobile hub to support their daily task management, deliver digital training, and enable seamless communication with peers, supervisors, and HQ.
Unicorn Nest news
SmartRecruiters raises $110M at a $1.5B valuation to expand its end-to-end recruitment platform
– SmartRecruiters, a software company that helps companies manage their recruitment process, raised $110m in Series E funding.
– The round was led by Silver Lake Waterman and joined by previous investors Insight Partners and Mayfield Fund.
– The company plans to use the funding to expand business and hire more people.
Unicorn Nest news
Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD
– Employment Hero, an automated human resources, payroll and benefits platform for SMEs, raised $140m funding.
– The round was led by Insight Partners, the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth.
– The company is now expanding into Southeast Asian and Western European markets.
– It has a valuation of $800m.
– The company is used by 6,000 businesses, with a total of 250,000 employees.
Unicorn Nest news
MURAL Secures $50M Series C at a $2B Valuation to Expand Guided Visual Collaboration in the Enterprise
– MURAL, the leading provider of digital workspaces for guided visual collaboration in the enterprise, has closed $50m in Series C funding.
– The round was led by existing investors Insight Partners and Tiger Global.
– MURAL plans to use the new capital to further platform development to support hybrid and distributed workforces.
Unicorn Nest news
Choco Raises $100M in Series B Funding
– Choco, a Berlin, Germany-based technology company building a connected global food system, raised $100m in Series B funding.
– The round was led by Left Lane Capital and joined by venture capital and private equity firm Insight Partners, with further participation from existing investors Coatue Management and Bessemer Venture Partners.
– The new investment will be used to continue expanding operations, development efforts, continue adding new functionalities that respond to real-time changes in the food services industry, and its business reach growing its existing customer footprint in its six current markets: the United States, Germany, France, Spain, Austria, and Belgium.
Unicorn Nest news
LearnWorlds Secures $32M in Growth Funding from Insight Partners to Help Educators Create and Sell Online Courses in a Post-Pandemic World
– LearnWorlds announced that it has secured a $32m minority investment by global venture capital and private equity firm Insight Partners.
– LearnWorlds provides a no-code, white-label, all-in-one platform where educators and content creators can create, host, market, and sell highly interactive and engaging online courses.
– LearnWorlds plans to use the funding to advance its product roadmap, boost its customer success and accelerate marketing and sales focused on SMBs.
Unicorn Nest news
Sourcegraph raises $125M Series D on $2.6B valuation for universal code search tool
– Sourcegraph, a late-stage startup that wants to bring the power of search to code, announced a $125m Series D funding.
– The round was led by Andreessen Horowitz, with participation from Insight Partners, Geodesic Capital and other existing investors.
– Company CEO and co-founder Quinn Slack says that we know by now that every company is building software, and as they do, they are generating tons of code.
– “They’re all drowning in code, and we help solve that. Our product is universal code search, which helps developers search, understand and automate code,” Slack explained.
Unicorn Nest news
Juno Journey Raises $19M in Series A Funding
– Juno Journey is a Herzliya, Israel-based provider of an AI platform that enhances employees’ professional development.
– The company raised $19m Series A funding.
– The round was led by Insight Partners with participation from VC Cerca and existing investor 10D Ventures.
– The new investment will be used to expand the company’s activities in global markets, particularly in the United States.
Unicorn Nest news
Shogun Lands $67.5M Series C Round
– Shogun, a leading e-commerce experience platform, today announced that it has raised a $67.5 million Series C round of funding.
– The round was led by new investor Insight Partners, with participation from existing investors Initialized Capital, Accel and VMG Partners.
– This brings the company’s total funding to $114.5 million.
Unicorn Nest news
Noname Security nabs $60M to protect APIs
– Noname Security, a cybersecurity platform that allows enterprises to manage APIs, closed a $60m series B funding round led by Insight Partners, with Next47, Forgepoint, TSG, Cyberstarts, and Lightspeed Venture Partners participating.
– It brings the company’s total raised to $85m and will be used to scale Noname’s go-to-market and customer success efforts as well as its product and R&D teams.
– APIs, the connectors that clouds and apps use to communicate with each other, will become the cyberattacker’s target of choice, according to Gartner. The analyst firm predicts that by 2022, API attacks will be the most frequent attack vector across the enterprise.
– API vulnerabilities can take many forms, from a developer’s forgotten side project to a software interface improperly configured.
Unicorn Nest news
Ably Raises $70M in Series B Funding
– Ably from London, UK provides a platform that powers synchronized digital experiences in realtime for distributed applications, devices, and hybrid cloud environments.
– The company closed a $70m Series B funding.
– The round was co-led by Insight Partners and Dawn Capital with participation from existing investors Triple Point, Digital Horizon, Forward Partners, and MMC.
– The new investment will be used to accelerate growth, adding a further 125 hires to strengthen its core UK team and growing its US presence over the next 15 months.
Unicorn Nest news
Rasgo Raises $25M in Series A Funding
– Rasgo Intelligence is a feature store for data scientists engineer, collaborate on, and operationalize Machine Learning (ML) features.
– The company raised $20m in Series A funding.
– The round was led by Insight Partners, with participation from Unusual Ventures.
– The company intends to use the new funding to accelerate product development, expand its team with a focus on engineering talent, and build out its go-to-market function.
Unicorn Nest news
PlanetScale Announces $30M Series B Funding to Accelerate Adoption of Instantly Provisioned and Infinitely Scalable Database
– PlanetScale, the creator of Vitess, announced that it has secured $30 million in Series B funding led by Insight Partners with participation from a16z and SignalFire.
– Nikhil Sachdev, Managing Director at Insight Partners, joins the PlanetScale board, with Praveen Akkiraju, also Managing Director, being named a board observer.
– The new funds will be used to scale the PlanetScale team globally and to accelerate exposure and adoption of the platform, which lets developers create a new database in seconds that will grow as they grow, for years, with no limitations on scalability.
– Currently in use by Figma and Community.com, PlanetScale had until recently provided a hosted version of Vitess, the peerlessly-powerful open source database that underlies YouTube, Slack, Square and Airbnb.
Unicorn Nest news
Anjuna Raises $30M in Series B Funding
– Anjuna, a Palo Alto, Calif.-based confidential cloud platform provider, closed its Series B financing, with an investment of $30m.
– The investment was made by Insight Partners, and brings total funding to over $42m.
– The company intends to use the funds to bring its platform to market, and to continually evolve its technology and security innovations in the enterprise confidential computing market.
Unicorn Nest news
Transmit Security Secures $543M in Series A Funding
– Transmit Security, a Tel Aviv, Israel- and Boston, MA-based Identity Experience company, raised $543m in Series A funding.
– The round was led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– The new investment will be used to increase the company’s reach and expand its primary business functions, investing in key global areas in order to grow the organization.
Unicorn Nest news
Tractable raises $60M at a $1B valuation to make damage appraisals using AI
– AI startup Tractable, which works with automotive insurance companies to let users take and submit photos of damaged cars that are then “read” to make appraisals, has raised $60m in Series D funding.
– The round was led by Insight Partners and Georgian Partners and it brings the total raised by the company to $115m.
– The company says it works with more than 20 of the top 100 auto insurers in the world, and it has seen sales grow 600% in the last 24 months.
– The company plans to use some of the funding to expand deeper into areas adjacent to that: natural disaster recovery (specifically for appraising property damage), and used car appraisals.
Unicorn Nest news
Apna raises $70 million to help workers in India secure jobs
– Apna, a startup by an Apple alum, announced its acceptance by the market has helped it raise $70m in a new financing round as the startup prepares to scale the 16-month-old app across India.
– Insight Partners and Tiger Global co-led Apna’s $70m Series B round, which valued the startup at $570m.
– Existing investors Lightspeed India, Sequoia Capital India, Greenoaks Capital and Rocketship VC also participated in the round.
Unicorn Nest news
Bringg, a delivery and fulfillment platform used by Walmart, nabs $100M
– Delivery logistics and fulfillment platform Bringg announced it has raised $100 million in a round of funding led by Insight Partners.
– The series E round gives Bringg a valuation of $1 billion.
– The raise comes as companies across just about every sector have been forced to change how they operate, with the retail industry in particular relying heavily on delivery and logistics infrastructure to continue trading during the pandemic.
– Founded in 2013, Bringg aims to help businesses compete with Amazon. To do so, Bringg’s modular platform enables retailers of any size to choose which tools they need — such as curbside pickup or last-mile delivery — to ensure they get goods from their warehouse to the consumer by tapping into local logistics providers.
– This includes real-time tracking and intelligent routing to optimize the path from seller to buyer.