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Asia Health Care Hospital

WuXi Diagnostics Secures US$150 Million Series B Financing to Accelerate Market Penetration in Global Diagnostics Sector

– WuXi Diagnostics secured a US$150m Series B financing round to accelerate market penetration in the global diagnostics sector.
– The round was joined by new investors including Thermo Fisher, Shiyu Capital, ABC International, Sunland Capital, and CCBI Tech Venture.
– WuXi Diagnostics will deploy funds to strengthen its open-access innovation enabling platform, advance its integrated diagnostics R&D pipeline, and accelerate market penetration in the global diagnostics sector.
– WuXi Diagnostics is the first platform company in China focusing on integrated diagnostics. Since its establishment in 2018, WuXi Diagnostics has continuously promoted the clinical practice of integrated diagnostics by virtue of its open-access innovation enabling platform, centered on multi-omics clinical data from multidisciplinary technologies.

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Information Technology North America Services

OpsCruise Emerges From Stealth

– OpsCruise emerged from stealth today with $5m in Seed funding led by The Fabric and focused on the $17bn market opportunity for IT monitoring and observability.
– OpsCruise is the only actionable platform that enables enterprises to predict performance degradations and automate causal analysis in dynamic modern applications without proprietary software agents or code instrumentation.
– OpsCruise is currently working with 25+ customers, including several Fortune 500 companies in the financial services, telecom, tech and e-tailing industries.

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Cloud Data Services Enterprise Software Machine Learning North America SaaS

Prophecy.io raises $6.75 million to expand its data engineering platform

– Prophecy.io today announced it has raised $6.75 million from SignalFire and MuleSoft founder Ross Mason at a post-money valuation of $30 million.
– The company says the funds, which come as it launches a software-as-a-service (SaaS) version of its product, will be put toward expanding its customer base and hiring new workers.
– It’s estimated that most data scientists spend only 20% of their time on actual data analysis and 80% of their time finding, cleaning, and reorganizing huge amounts of data.
– Despite the fact that investments in big data and AI now exceed $50 million for over 50% of companies, according to a 2019 NewVantage Partners survey, the percentage of firms identifying themselves as data-driven has declined in each of the past three years.

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Network Hardware North America SaaS Smart Home Wireless

Plume picks up $270M at a $1.35B valuation to power smart home Wi-Fi for broadband providers

– Plume, a mesh-Wi-Fi platform, raised $270m funding.
– The round was led by Insight Partners and values the company at $1.35 billion.
– The company has deals in place with some 170 carriers around the globe that provide residential broadband services, reselling Plume’s mesh technology as a way to improve home Wi-Fi connectivity.

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Business Intelligence Information Technology IT Infrastructure North America Software

Katana Graph raises $28.5 million to handle unstructured data at scale

– Katana Graph, a startup that helps businesses analyze and manage unstructured data at scale, today announced a $28.5 million series A round led by Intel Capital.
– The company helps businesses ingest large amounts of data into memory, CEO Pingali told VentureBeat in a phone interview.
– The UT-Austin research group started working with graph processing and unstructured data two years ago and began by advising DARPA on projects that deal with data at scale.
– Katana Graph works in Python and compiles data using C++.
– Like companies that deal with algorithm auditing, AIOps, and model monitoring and management services, startups have emerged to help businesses analyze and label data, which may be why Labelbox raised $40 million and Databricks raised $1 billion.

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Apps Mobile Mobile Advertising North America

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

– Finix, a payments infrastructure startup, raised $3m in a special purpose vehicle (SPV) that brought more than 80 “traditionally marginalized” investors onto its cap table.
– The SPV was created by the company’s founder Richie Serna, who is a first-generation Mexican-American.
– Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.

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Analytics Artificial Intelligence Document Management Legal Machine Learning North America Software Text Analytics

Evisort Pulls In $35M Series B Round

– Evisort from Silicon Valley today announced $35M in Series B funding following a year of 4x revenue growth.
– Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures.
General Atlantic‘s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member.
– The company will use the funds to grow its customer success team, expand its platform to include more workflow-specific offerings, and continue to push the boundaries of its pre-trained AI.

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Artificial Intelligence Information Technology Machine Learning North America Software

Aquarium scores $2.6M seed to refine machine learning model data

– Aquarium, a startup from two former Cruise employees, wants to help companies refine their machine learning model data more easily and move the models into production faster.
– The company raised $2.6m in seed funding led by Sequoia with participation from Y Combinator and a bunch of angel investors including Cruise co-founders Kyle Vogt and Dan Kan.
– Aquarium aims to solve this issue.
– The idea is to get a model into production that outperforms humans.
– Aquarium currently has 7 employees including the founders, of which three are women.

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Biotechnology North America

Asalyxa Bio Closes Seed Financing to Advance Lead Program into First-in-Human Clinical Studies

– Asalyxa Bio closed a $2m seed financing round to advance its lead program into first-in-human clinical trials.
– The financing was led by Research Bridge Partners, co-led by ID Ventures, and also included Michigan Rise Pre-Seed Fund III, BRCC of Western Michigan University, Ann Arbor Spark, Woodward Angels and other undisclosed investors.
– Proceeds from the financing will be used to advance Asalyxa Bio’s lead development candidate, ASX-100, into first-in-human clinical trials.
– Asalyxa Bio’s drug development programs are based on the company’s proprietary PANTHER technology platform, which enables the targeted delivery of therapeutic compounds directly to neutrophils and other key immune cells.

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Apps Bitcoin Europe FinTech Mobile Payments

Bottlepay Raises $15M in Seed Funding

– Bottlepay, a UK-based global payments app, raised £11m ($15m) in seed funding.
– The company intends to use the funds to expand the team, develop the platform’s functionality and geographical reach.
– Backers included British fund manager Alan Howard, venture capital firm FinTech Collective and tech entrepreneur Phil Doye.

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