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Health Care Hospital North America

Carevive Closes Oversubscribed $18M Series C Equity Raise

– Carevive Systems (Carevive), the leading oncology-focused health technology company centered on understanding and improving the cancer patient experience, has today announced the completion of a Series C equity investment of $18 million.
– The oversubscribed $18 million equity round was led by Philips Health Technology Ventures, and also includes Debiopharm Innovation Fund, and OurCrowd’s digital health fund, Qure Ventures, as well as prior investors HLM Venture Partners, LRVHealth, Cerner, and founder Madelyn Trupkin Herzfeld.

Analytics Consumer Reviews Customer Service North America Property Management Real Estate Reputation SaaS Software

Opiniion Raises $3M in Financing

– Opiniion is a software company based in Lindon, Utah.
– The company raised $3m in funding.
– The round was led by the Frazier Group, with participation from RET Ventures, AIM Ventura Capital and Tamarak Capital Partners.
– The funding will be used to continue to expand operations and business reach.

Analytics Asia Internet Marketing

Oribi raises $15.5 million to challenge Google Analytics with no-code marketing insights

– Oribi, a no-code marketing analytics tool, has raised $15.5 million in a series B round of funding led by Ibex.
– The raise comes amid something of a boom for low-code/no-code platforms, spanning everything from web development and enterprise app building to web testing, game development, and process automation.
– Oribi lets users generate reports to share with managers or anyone else in the team, which can be customized to include logos, different colors and layouts.
– Oribi is all about bypassing long and resource-intensive integrations, and democratizing marketing analytics.

Financial Services FinTech Mobile Apps North America

Carefull Raises $3.2M, Launches Platform to Help Families Protect a Loved One’s Finances

– Carefull is a financial technology company that just raised $3.2M in seed funding.
– The round was led by NextView Ventures and Bessemer Venture Partners.
– Carefull is a platform to help family members and caregivers organize and protect daily financial matters for aging loved ones.
– The Carefull app sits on a world-class AI platform that analyzes and detects patterns in financial behaviors of the aging, bringing much-needed innovation to a poorly understood segment of the population, with the potential to benefit the entire ecosystem: families, banks, advisors, and insurance providers.
– The Carefull platform could even help loved ones predict cognitive decline faster, as research released by John’s Hopkins in November of 2020 revealed that older adults show symptoms of dementia via financial mistakes up to 6 years before a medical diagnosis, as revealed in missed bills and reduced credit scores.

Advanced Materials Aerospace Industrial Manufacturing North America Space Travel

Axiom raises $130M for its space station — and adds Blue Origin alum to its board

– Axiom Space raised $130m funding.
– The funding was led by C5 Capital and joined by Declaration Partners, Moelis Dynasty Investments, The Venture Collective, Hemisphere Ventures, and Starbridge Venture Capital.
– Axiom Space is building the world’s first commercial space station.
– The company’s president and CEO Michael Suffredini said the company’s valuation now exceeds $1 billion.

Data Integration Enterprise Software Human Resources Management Information Systems North America SaaS raises $50 million to help businesses adhere to OKR-based goals

–, a platform that helps enterprises develop and track their objectives and key results (OKRs), has raised $50 million in a series C round of funding led by Greenoaks Capital.
– Founded in 2017, Seattle-based targets management, teams, and individuals with software designed to give them visibility into the whole work process, joining the dots between tasks and broader company objectives.
– had previously raised $23 million, and with another $50 million in the bank, the company is well-financed to build on momentum it said has boosted its revenues by more than threefold over the past year and allowed it to amass a roster of high-profile customers, including Dropbox, Nike, and Slack.

Europe Health Care Medical Device

AcuSurgical Raises €5.75M in Series A Financing

– AcuSurgical, a Montpellier, France-based company focused on robotic microsurgery, raised €5.75m in Series A financing.
– The round was led by Mérieux Equity Partners (via OMX Europe Venture Fund) and Supernova Invest (via Supernova 2 Fund), with Sofimac Innovation (via Pertinence Invest 2 Fund) and IRDI Capital Investissement (via Irdinov 2 and Inn’Vest PME Occitanie Est Funds) participating.
– The company intends to use the funds to conduct clinical trials and reach regulatory approval with vitreo-retinal surgery as the first indication.

Cloud Computing North America Software

RocketRez Receives $8.4 Million Series A Financing Round from Blueprint Equity

– RocketRez received $8.4m Series A funding from Blueprint Equity and TIMIA Capital.
– The company has doubled annual recurring revenue growth year-over-year.
– RocketRez has quickly expanded its product suite since its founding in 2012 and revamp in 2014.
– Online, in-person, and call center booking engines are integrated into one full point of sale and inventory management platform for an efficient, streamlined process.
– The company has also created application tools for seamless back-end operations, including managing events, private charters, catering, photos and kiosks, CRM, growth marketing, advanced analytics, staff scheduling and timekeeping.
– RocketRez’s cloud-based platform allows tours and attractions to maximize their customer experience, such as allowing businesses to easily manage customer flow in accordance with COVID guidelines.

Consumer Delivery Service E-Commerce Food and Beverage Food Delivery Grocery North America

Sustainable Online Grocery Company Imperfect Foods Raises $110 Million

– Imperfect Foods is a sustainable online grocery company.
– The company raised $110m in Series D funding.
– The round was led by Hamilton Lane and Blisce, and joined by existing investors, including Accel, Greycroft, and Advancit Capital.

Human Resources Logistics North America Warehousing

A New Way to Work: Shift One Closes Seed Funding

– Shift One closed a $5.2m seed funding round led by City Light Capital and JAM Fund.
– The company was founded in 2019 by former Uber executives to address two fundamental challenges of the labor economy: the lack of a robust online marketplace for blue-collar jobs and a technology solution for companies looking to hire those workers.
– The company currently employs more than 25,000 workers and offers solutions in all 50 states and Latin America.
– Initially focusing on push-button solutions to quickly deploy entire teams of workers for last-mile logistics and delivery, e-commerce fulfillment and large-scale event management, Shift One is redefining the gig economy to build sustainable, long-term careers for workers and capital-efficient solutions for companies.

Health Care North America

Talkiatry Scoops Up $5M Series A Funding

– Talkiatry, a leading provider of accessible in-network psychiatric care, has raised $5m in a Series A funding round.
– The round was led by Sikwoo Capital Partners with participation from Relevance Ventures and Richard Park, M.D., founder and former CEO of CityMD.
– The new capital will position Talkiatry to expand its operations and team of providers and further develop its proprietary technology solution, which encompasses a patient-provider matching algorithm and a pre-diagnosis platform as a free service for those seeking help.

Consulting Health Care Internet Medical North America

Nest Collaborative Closes $2.1M Seed Funding Round

– Nest Collaborative is a Farmington, Conn.-based creator of a virtual lactation consultation platform.
– Company raised $2.1m in seed funding.
– The round was led by Altitude Ventures with participation from Bread and Butter Ventures, Wavemaker 360, Portfolia FemTech Fund II, Connecticut Innovations, Carnrite Ventures, and the Hustle Fund.
– The new investment will be used to scale the team, invest in additional breastfeeding support offerings, increase marketing and partnerships, expand its scale and technological capabilities.

Employee Benefits Health Care North America Personal Health Wellness

Eden Health Raises $60 Million Series C to Bring Collaborative Care Mainstream

– Eden Health announced an $80m Series C funding round to bring total investment in the company to $100m.
– The round was led by growth stage investor Insight Partners with participation from Amigos Health, Aspect Ventures, Company Ventures, Flare Capital, Flexcap Ventures, Max Ventures and PJC.
– The new capital will be used to extend its lead as the most advanced Integrated Virtual Care platform, expand its brick-and-mortar medical office footprint to several new major U.S. metropolitan areas, and build new features that allow for integrations of third-party healthcare services.

Cyber Security Network Security North America SaaS Security

Red Canary Closes $81M Series C Financing

– Red Canary, a provider of SaaS-based security operations solutions, has closed its $81m Series C financing round led by global growth equity investor Summit Partners.
Summit Partners was joined by existing investors Noro-Moseley Partners and Access Venture Partners.

Information Technology North America Software

Zomentum raises $13 million to scale its sales acceleration platform for IT channel partners

– Zomentum, a U.S.-headquartered startup, raised $13m in Series A funding.
– The round was led by Elevation Capital and Accel, and joined by Greenoaks Capital and Eight Roads Ventures.
– The company aims to build a strong IT partner network that can serve as an effective sales channel to promote the hyperlocal IT market.

Europe FinTech Information Technology Insurance InsurTech

Insurely Raises EUR 2.5M In Funding

– Insurely is a Stockholm, Sweden-based open insurance platform.
– The company raised €2.5m in funding.
– The round was led by Luminar Ventures.
– The company intends to use the funds for recruitment and international expansion.

Cloud Computing North America Software

ReverseLogix Scores $20M

– ReverseLogix from Cambridge has announced $20m in its first round of external funding.
– The new capital will enhance the company’s capabilities and resources to deliver a turn-key, modular SaaS platform to manage, plan and execute the complex end-to-end reverse logistics process for the world’s largest e-commerce-focused companies.
– The Series A financing was provided by Cambridge Capital, a leading supply chain technology-focused investment firm. In conjunction with the investment, Cambridge Capital‘s Benjamin Gordon and Matt Smalley have joined ReverseLogix’s Board of Directors.

Application Performance Management Developer Tools North America Real Time Software Web Apps

Sentry Grabs $60M Series D Financing

– Sentry, the leader in application monitoring, has raised $60m in Series D funding.
– The round was led by its first capital investor, Accel, with participation from existing investor New Enterprise Associates (NEA) and new investor, BOND.
Accel was the first investor in Sentry, leading its seed round in 2015 and it has increased its stake in every subsequent round.

Asia Biotechnology

Regor Therapeutics Announces Completion of $90 Million Series B Financing

– Regor Therapeutics announced the successful completion of $90m Series B financing.
– The round was led by Lilly Asia Ventures and included participation from Loyal Valley Capital, Lanting Capital, TF Capital and Vertex Ventures China.
– Regor Therapeutics was established with initial series A strategic investment from Qilu Pharmaceutical Group, a well-known Chinese pharmaceutical company.
– Regor Therapeutics is a clinical stage company dedicated to the discovery and development of innovative and clinically differentiated medicines by leveraging the proprietary CARD (Computer Accelerated Rational Discovery) Platform, seamlessly integrating structural biology, computational chemistry, therapeutic biology, medicinal chemistry, and clinical development.
– Regor has assembled a world-class scientific team and demonstrated high efficiency in producing best- and first-in-class molecules.

E-Learning Education North America Training

Interplay raises $18 million for enterprise-focused VR training solutions

– Interplay, an Austin, Texas-based startup developing a 3D and virtual reality platform for trade workers, today announced that it raised $18 million.
– The company says it’ll use the proceeds to move into new markets and further develop its existing products.
– According to an ABI Research report, before the pandemic, the virtual reality market was forecasted to grow at a 45.7% compound annual rate, surpassing $24.5 billion in revenue by 2024.
– But even amid the health crisis, virtual reality is booming. A PricewaterhouseCoopers survey predicts that nearly 23.5 million jobs worldwide will use augmented and virtual reality by 2030 for training, work meetings, or customer service.
– Founded in 2016 by Doug Donovan and Steve Quirk, Interplay provides online and virtual reality training for a range of skilled trades.

Artificial Intelligence Financial Services FinTech Insurance InsurTech Machine Learning North America Real Estate

States Title Raises $150M in Debt Financing

– States Title is a provider of AI-based solutions for the real estate industry.
– The company raised $150m in debt financing from HSCM Bermuda.
– The new funding will be used to accelerate its roadmap and market expansion.

Computer Software North America

Rx Redefined Completes $2M Seed Round

– Rx Redefined, a health tech company from New York, today announced the successful completion of its $2 million seed funding round.
Silverton Partners led the investment round with participation from Saturn Five.

Developer Tools Europe IT Management Software

Copado raises $96 million for Salesforce-native DevOps

– Copado, a developer operations (DevOps) platform built for Salesforce, has closed a $96 million series B round co-led by Insight Partners and Salesforce Ventures.
– This follows an initial $26 million series B investment Copado announced last summer.
– The Salesforce ecosystem could be at least 4 times larger than Salesforce itself, according to some estimates, as myriad third parties build sizable businesses off the back of the platform.
– In the past three weeks alone, we’ve seen OwnBackup raise $167.5 million at a $1.4 billion valuation to bring cloud data backups to Salesforce, while fledgling startup Scratchpad secured $13 million for a productivity workspace aimed at Salesforce-powered sales teams.

Asia Biotechnology Health Care Pharmaceutical

Sciwind Biosciences Secures US$37 Million Series B Financing

– Sciwind biosciences secured US$37m series B financing.
– The financing was led by LYFE Capital and joined by the existing investors, Legend Capital and Haibang Venture Capital.
– Sciwind focuses on research and development of innovative biologics in the therapeutic area of chronic metabolic and immunological diseases and has driven multiple projects into clinical trials.
– Two more IND applications are expected to be filed in 2021 including an oral formulation of a highly active GLP-1 analogue.

Asia Marketing SaaS

Torii announces $10M Series A to automate SaaS management

– Torii, a startup that wants to make it easier to manage SaaS bloat, raised $10m in Series A funding.
– The round was led by Wing Venture Capital and joined by prior investors Entree Capital, Global Founders Capital, Scopus Ventures and Uncork Capital.
– The company plans to use the funding to expand its sales and marketing efforts.

Biotechnology Health Care Medical North America Pharmaceutical Therapeutics

Elicio Therapeutics Secures a Total of $73 Million in Series B Financing

– Elicio Therapeutics secured a total of $73m in Series B financing.
– The funding was established from an international investor base, including multiple strategic and institutional investors.
– Proceeds will advance Elicio’s lead program ELI-002 into clinical trials in early 2021 for mutated KRAS (mKRAS) driven cancers, estimated to be 25% of all human solid tumors.
– ELI-002 contains two powerful components: The company’s proprietary immune stimulating Amphiphile (AMP)-CpG, an adjuvant, and AMP mKRAS peptides which target a broad spectrum of KRAS mutations that drive 97% of all KRAS-driven cancers.

Artificial Intelligence B2C Information Technology Machine Learning North America Productivity Tools Unified Communications

Krisp Raises $9M in Series A Funding

– Krisp is a Berkerey, CA-based AI-powered noise removal app that works with any conferencing, recording and podcasting service.
– The company raised $9m in Series A-1 funding.
– The round was led by RTP Global with participation from existing investor Storm Ventures.
– The company intends to use the funds to accelerate product development and make a number of strategic hires to support product development, sales & marketing.
– Led by Davit Baghdasaryan, CEO, Krisp delivers an AI-powered noise removal app based on Deep Neural Networks (DNN) that enables users to remove background voices, barking dogs, room echoes and anything else that can disturb virtual meetings.

Consumer Research Data Center Automation North America Software

Sentry raises $60 million to monitor app performance in real time

– Sentry has raised $60m in a series D round of funding led by Andreessen Horowitz, with participation from existing investors Benchmark, Index Ventures, and Union Square Ventures.
– The company is now valued at $1bn.
– Application performance monitoring startup Sentry today announced it has secured $60 million in series D financing for a post-money valuation of $1 billion.
– Sentry says the funds will fuel product development and go-to-market functions, as well as hiring across the company’s San Francisco, Toronto, and Vienna offices.

Asia Banking Financial Services

Zolve raises $15 million for its cross-border neobank aimed at global citizens

– Zolve is a neobanking platform for individuals moving from India to the U.S. (or the other way around).
– The startup works with banks in the U.S. and India to provide consumers access to financial products seamlessly — without paying any premium or coughing up any security deposit.
– Zolve underwrites the risks, which has enabled banks in foreign countries to extend their services to Zolve customers.

Cloud Data Services Identity Management Information Technology North America Software

Strata Identity Raises $11M in Series A Funding Led by Menlo Ventures for Technology that Revolutionizes Multi-Cloud Identity

– Strata identity raises $11m in Series A funding led by Menlo Ventures for technology that revolutionizes multi-cloud identity.
– The company’s founders co-authored the SAML standard used today to transparently provide cross-cloud identity and single sign-on (SSO) between web sites.
– Strata has built the first distributed identity orchestration platform, called Maverics™, to revolutionize the fast-growing $12B identity and access management (IAM) market.
– Strata will use the funds to scale research & development, go-to-market, sales, marketing, and customer success for its Maverics platform.
– Venky Ganesan, Partner at Menlo Ventures, has joined the company’s board of directors.

North America Productivity Tools Software Virtual Workforce

Magical raises $3.3M to modernize calendars

– Magical, a Tel Aviv-based startup, raised $3.3m funding.
– The round was led by Resolute Ventures and joined by Ibex Investors, Aviv Growth Partners, ORR Partners, Homeward Ventures and Fusion LA, as well as several angel investors in the productivity space.
– The company plans to use the funding to expand its team and develop its product.

Finance Financial Services FinTech North America Wealth Management secures $100 million to help startups claim R&D tax credits

–, a company developing software that automates the process of claiming R&D tax credits, today announced that it secured a $100 million credit facility from Brevet Capital.
– The company plans to use the loan to further develop its platform as it looks to expand its startup customer base.
– Each year, the federal governments of the U.S. and Canada provide more than $15 billion in innovation incentives to private companies.
– In fact, it’s estimated that nearly a third of U.S. patents rely directly on U.S. government-funded research.
– But filling out the applications to receive this funding is often a cumbersome process — and yet another barrier for companies squeezed by the pandemic as venture capitalists pull back on early-stage investments.

Biotechnology North America

Inherent Biosciences Raises Seed Round, Adds Board Members and Clinical Advisors

– Inherent Biosciences announced its initial capital raise led by Morning Star Foundation with additional participation from MedMountain Ventures, Kickstart Funds, Park City Angels, Rhythm VC and several angel investors.
– With the initial funding, Inherent will launch a male infertility diagnostic to guide infertility treatment.
– Inherent also added members to its Board of Directors and Clinical Advisors:
– Lewis Rumpler – Former CEO of Epigenesys, Executive Chairman
– Saumitra Thakur, MD – MedMountain Ventures, Director
– David Shriner – Morning Star Foundation, Director
– Tia Newcomer – Independent Director
– Tom Simpson – Kick Start Funds, Board Observer

Biotechnology North America Pharmaceutical Therapeutics

Iterion Therapeutics Lands $17M Series B

– Iterion Therapeutics, a venture-backed, clinical stage biotechnology company developing novel cancer therapeutics, has raised $17m in a Series B financing.
РThe round was led by Lumira Ventures, with the participation of existing investors, including Sant̩ Ventures, as well as new investors Venture Investors, GPG Ventures, and Viva BioInnovator.

Document Management Management Information Systems North America Productivity Tools SaaS

airSlate Secures $50 Million from Silicon Valley Bank

– airSlate secures $50m in debt financing from Silicon Valley Bank for a total of $130m in capital raised to date.
Silicon Valley Bank‘s technology banking team is excited to support breakout companies like airSlate through their next phase of growth.
– airSlate enables non-technical users to digitally transform their front and back-office business processes, including employee and customer onboarding, sales and ordering workflows, and contracts and payments.
– More than 600,000 customers worldwide and 25 million users have realized significant improvements in the delivery and effectiveness of their departments with airSlate’s solutions.
– airSlate’s no-code business automation platform is creating valuable workflow solutions for small and mid-sized businesses across verticals.

Artificial Intelligence Machine Learning North America Retail Retail Technology Shopping

Standard Raises $150M in Funding

– Standard Cognition is a San Francisco, CA-based provider of an autonomous checkout solution that can be installed in retailers’ existing stores.
– Company raised $150m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from existing investors CRV, EQT Ventures, and TI Platform Management; and new investors SK Networks and others.
– The new investment will be used to expand operations and business reach.

Brand Marketing Business Development E-Commerce E-Commerce Platforms North America

unybrands Launches E-Commerce Platform To Acquire & Maximize Growth Potential for Online Brands, Closes $25M Seed Funding Round

– unybrands is a new integrated platform for e-commerce businesses looking to scale their operations on and off Amazon.
– unybrands acquires, integrates, manages and grows high-quality e-commerce assets–turning them into long-term successful brands.
– unybrands has already completed its first acquisitions and closed a $25M equity seed funding round from investors including Nordstar, DIA Management, Nathan Blecharczyk of Airbnb, 166 2nd Financial Services, Day One Ventures, Brian McGrath of Jefferies, Benvolio Group and more.
– Operating at the sweet spot of disruptive online marketplace growth and consumers’ exploding demand for micro-brands, unybrands specializes in buying, building and boosting Amazon as well as DTC online brands to ensure long-term success.

Internet North America

Blockchain start-up Vaionex Corporation led by University of Cambridge students completes seed funding round with Two Hop Ventures

– Blockchain start-up Vaionex Corporation led by University of Cambridge students completes seed funding round with Two Hop Ventures
– Vaionex is a blockchain start-up founded by students from the University of Cambridge
– Vaionex specialises in solutions at the nexus of data science and blockchain technology
– The company currently operates five proprietary blockchain-based technology platforms built to collectively establish an integrated blockchain infrastructure and development ecosystem
– The platforms offered by Vaionex interact directly with the Bitcoin SV blockchain, the only public blockchain with the scaling, data functionalities and transaction throughput capacity required to develop enterprise-grade blockchain applications

EdTech Education North America Software

Photomath, the World’s Most Popular Math Learning App, Secures $23 Million in Series B Funding

– Photomath secured $23m in Series B funding led by Menlo Ventures, with participation from GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital.
– Photomath is free and simple to use and acts as a digital math tutor for students and parents struggling with math homework.
– Photomath uses computer vision and machine learning to recognize and instantly solve basic arithmetic to advanced calculus.
– Photomath provides step-by-step instructions to guide students to understand and master math concepts.
– The company recently surveyed over 2,000 parents and found 56% of parents cannot help their children with math homework.
– The pandemic has shone a light on the struggles students and parents are facing with remote learning.

Artificial Intelligence Cloud Computing Digital Entertainment Gaming Mobile North America Social Media

Artie Raises $10M in Seed Funding

– Artie is a Los Angeles, CA-based platform for next-gen instant mobile games.
– The company raised $10M in seed funding.
– Backers included Zynga founder Mark Pincus, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, music mogul Scooter Braun’s Raised In Space, Shutterstock founder Jon Oringer, Tyler & Cameron Winklevoss, Susquehanna International Group; Harris Blitzer Sports & Entertainment + The Sixers Lab, and Manuel Bronstein, VP of Product at Google, and YouTube founder, Chad Hurley.
– The company plans to use the funds to continue advancing its technology platform and launch an initial slate of games in 2021.

Artificial Intelligence Asia Career Planning EdTech Education Higher Education Internet Marketplace

Leverage Edu raises $6.5 million to help Indian students land in top colleges abroad

– Leverage Edu, a startup that helps Indian students land in top colleges abroad, raised $6.5m in a new financing round.
– The round was led by Tomorrow Capital and joined by existing investors Blume Ventures and DSG Consumer Partners.
– The startup plans to use the funds to expand its platform in the world’s second-largest internet market.

CleanTech Energy GreenTech North America Renewable Energy

Dandelion Raises $30M in Series B Funding

– Dandelion Raises $30m in Series B Funding.
Breakthrough Energy Ventures led the round with participation from existing investors, including GV, NEA, Lennar Corporation, Collaborative Fund, Building Ventures, Catchlight Ventures, and GroundUp.
– The company intends to use the funds to expand operations, while continuing to invest in research and development.
– Michael Sachse is CEO of Dandelion.

Augmented Reality Computer Consumer North America Software

Edgybees raises $9.5 million for AI that augments drone camera footage

– Edgybees, a provider of georegistration and augmented reality tools for drone operators, today announced that it raised $9.5 million, bringing its total raised to $15 million.
– The company says the proceeds will be used to drive product research, expand global adoption, and support an “aggressive” hiring strategy.
– The commercial drone market was already accelerating, with reports the industry would grow more than fivefold by 2026 from the $1.2 billion it was reportedly worth in 2018.
– Palo Alto, California-based Edgybees was cofounded in 2017 by Adam Kaplan, Nitay Megides, and Menashe Haskin. Haskin was formerly an engineering manager at Amazon, where he headed the software team for Amazon’s Fire TV platform and the Amazon Prime Air development site in Israel.

Asia Banking Financial Services FinTech Risk Management

Mirato Closes $9-Million Funding Round to Accelerate Development of Next-Generation Third-Party Risk Management Platform

– Mirato Closes $9-Million Funding Round to Accelerate Development of Next-Generation Third-Party Risk Management Platform
– Mirato, provider of a third-party risk management (TPRM) platform that orchestrates and automates the entire TPRM lifecycle (including onboarding through monitoring), today announced the completion of a $9-million funding round to support the continued development and commercialization of its technology.
– The round was led by Grove Ventures and co-led by Janvest Capital Partners, with additional funding provided by American Express Ventures, iAngels, and others.
– Financial institutions increasingly rely on business interactions with third-party suppliers, and are facing greater pressure from regulators to understand the potential impacts and implications of these business engagments.

Analytics Artificial Intelligence Big Data Business Intelligence Europe

Peak AI nabs $21M for a platform to help non-tech companies make AI-based decisions

– Peak AI, a startup out of Manchester, England, is announcing some funding for a platform that it believes can help.
– The Series B is being led by Oxx, with participation from past investors MMC Ventures and Praetura Ventures, as well as new backer Arete.
– It has raised $43m to date and is not disclosing its valuation.
– The funding will be used to continue expanding the functionality of its platform, adding offices in the U.S. and India, and growing its customer base.

Artificial Intelligence Information Services Information Technology Machine Learning North America Software

Experiment Tracking Platform Company Weights and Biases Raises $45 Million

– Weights and Biases is an Experiment Tracking platform that is transforming how teams build and collaborate on Machine Learning (ML) models and operations (MLOps).
– The company raised $45m in Series B funding.
Insight Partners led the round with continued support from Coatue, Trinity Ventures, and Bloomberg Beta.
– George Mathew, Managing Director at Insight Partners, joined the Weights and Biases Board of Directors.

Credit Finance Financial Services FinTech North America

Financial Health Startup SeedFi Launches and Announces $65 Million in Funding to Help Underserved Americans Build Credit and Savings to Accelerate Their Economic Progress

– Financial health startup SeedFi launched and announced $65m in funding.
– SeedFi is the financial health startup helping Americans build credit, save money, access funds, and plan for the future.
– SeedFi launched in private beta in 2019 to test its products among thousands of Americans and helped its initial customers build more than $500k in savings through the current pandemic.
– After six months of on-time payments, SeedFi customers with no credit history were able to establish a credit score of 600, while customers with existing credit scores and less than three credit accounts increased their scores by 45 points.
Andreessen Horowitz led SeedFi’s $15m Series A round, with participation from Flourish, Core Innovation Capital, and Quiet Capital.
– SeedFi has raised a total of $69m in funding.

Analytics Cloud Infrastructure Data Integration Information Technology North America PaaS SaaS

Distributed Data And Code Sharing Platform Vendia Raises $15.5 Million

– Vendia is a serverless, distributed data and code sharing platform.
– The company raised $15.5m in Series A funding.
Canvas Ventures led the round and was joined by BMW i Ventures, Sorenson Ventures, and Vendia’s seed stage investors.
– Vendia is now open to all developers at no cost.

Analytics Consumer Research Enterprise Software Europe Market Research Software

Veylinx Raises $2M in Pre-Series A Funding

– Veylinx, a behavioral insights platform based in Amsterdam, raised $2m in pre-Series A funding.
– The round was led by Dutch Founders Fund with participation from Hidde Hoogcarspel, Laurens Groenendijk, Patrick Kerssemakers, Saeed Younesi, Robbert Flipsen, Mitch Barns, Veylinx CEO Anouar El Haji, CCO Hein Willemse, and CTO Adil Naimi.
– The new investment will be used to expand and grow the company’s teams across Europe and the US.

Analytics Information Technology North America SaaS Software

Databricks: $1 Billion Series G Funding And $28 Billion Valuation

– Databricks is a data and AI company.
– The company raised $1bn in Series G funding.
– The round was led by Franklin Templeton and joined by Canada Pension Plan Investment Board, Fidelity Management & Research LLC, Whale Rock, CapitalG, Amazon Web Services (AWS), Salesforce Ventures, Microsoft, Andreessen Horowitz, Alkeon Capital Management, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, Tiger Global Management, Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, GIC, Green Bay Ventures, Greenoaks Capital, New Enterprise Associates, Octahedron Capital.

Art Cryptocurrency North America

Async Art Raises Over $2M in Seed Funding

– Async Art is a San Francisco, CA-based art platform.
– The company raised $2m in seed funding.
– The round was led by Lemniscap with participation from Galaxy Interactive, Signum Growth Capital, Semantic, Blue Wire Capital, Collab+Currency, Inflection, Divergence Ventures, the LAO, and Placeholder.
– The company intends to use the funds to onboard more users to the platform, develop more ways to display the Async artworks, and expand with job openings for platform developer and community manager.

Electrical Electronic Manufacturing Europe

FREYR Receives NOK 39 Million Development Grant from Innovation Norway

Innovation Norway has granted FREYR NOK 39 million in development support.
– The grant is provided in the “environmental technology” category and relates to Innovation Norway’s task of stimulating research and development projects, domestic value generation and creation of responsible businesses.
– The grant is expected to be paid during 2021 and follows an evaluation process which started in the fall of 2020.
– FREYR is targeting development of up to 43 GWh of cost efficient and clean battery cell production capacity in Mo i Rana, Norway, by 2025.
– FREYR plans to utilize next generation battery technology and Norway’s inherent advantages, including access to renewable energy, low electricity prices, and closeness to rapidly growing markets in Europe and the US.

Document Management North America Retail Technology Task Management

Foko Retail Raises $3M in Funding

– Foko Retail is a Gatineu, Quebec, Canada-based leader in the retail communication and task management software space.
– The company raised $3m in funding.
– The round was led by BDC Capital, as well as Canada Economic Development for Quebec Regions (CED), local economic development agency ID Gatineau, and current shareholders.
– The new capital will be used to expand the company’s penetration in international retail markets and further develop its current suite of products by enabling research and development.

Agriculture Biotechnology Farming North America

Vestaron Announces Series B-1 Financing

– Vestaron, a company dedicated to improving the safety, efficacy and sustainability of crop protection through its development of peptide-based biopesticides, announces $18 million in Series B-1 financing, led by Northpond Ventures.
– Northpond and additional new investor, Cavallo Ventures, the venture arm of Wilbur-Ellis, join continuing investors Novo Holdings, Syngenta Ventures, CGC Ventures and Anterra Capital in this round. Adam Wieschhaus, Director at Northpond Ventures, will join the Vestaron Board of Directors.

Document Management Management Information Systems North America Productivity Tools SaaS

AirSlate raises $50 million more to automate enterprise workflows

– AirSlate has raised $50m in debt financing from Silicon Valley Bank.
– The capital comes after a $40m round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130m.
– When McKinsey surveyed 1,500 executives across industries and regions in 2018, 66% said addressing skills gaps related to automation and digitization was a “top 10” priority.
– According to market research firm Fact.MR, small and medium-size enterprises are expected to adopt business workflow automation at scale, creating a market opportunity of more than $1.6bn between 2017 and 2026.
– AirSlate launched its first product — a PDF editor — in 2008.

Asset Management B2B Enterprise Software Internet North America Recycling Sharing Economy Software Sustainability

Rheaply Raises $8M to Scale the Circular Economy and Enable Businesses to Take Action Against Climate Change

– Rheaply raises $8M in Series A round led by High Alpha with investment from 100 Black Angels & Allies Fund, Concrete Rose Capital, Hyde Park Angels, M25, MCJ Collective, Morgan Stanley Multicultural Innovation Lab, Revolution’s Rise of the Rest Seed Fund, and Salesforce Ventures.
– Rheaply’s platform eliminates potential waste by instituting the principles of a circular economy, a model that emphasizes “designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.”
– Rheaply has helped organizations divert over 14.5 metric tons of waste and produce $1.6M in cost savings via over 5,000 transactions.

Asia Cyber Security Developer Platform Developer Tools Software

Spectral exits stealth with $6.2 million to find costly security mistakes buried in code

– Spectral, an Israeli startup that’s developing automated tools to help developer teams spot mistakes such as confidential data buried in code, has emerged from stealth today with $6.2 million in a seed round of funding co-led by Amiti and MizMaa.
– Recent data from IBM suggests that the average cost of a data breach globally is $3.9 million, a figure that rises to more than $8.6 million for U.S. companies. As businesses have had to double down on their digital efforts over the past year due to the pandemic, this could open the door to more costly coding mistakes as businesses rush to ship new code.

Environmental Services North America

Highland Electric Transportation Raises $253 Million from Vision Ridge Partners, Fontinalis Partners, and Existing Investors

– Highland Electric Transportation, a provider of turnkey fleet solutions delivering the latest in zero-emission technologies to school districts and fleet managers, has raised $253MM of corporate equity to accelerate its growth.
– The financing was led by Vision Ridge Partners with participation by Fontinalis Partners and existing investors.
– Highland reduces the complexity of going electric by providing customers a full-service solution of electric vehicles that are owned, powered, and maintained by the Company.
– This all-inclusive transportation-as-a-service model is the simple and cost-effective way for districts to transition their fleets.
– With technology solutions allowing vehicles to optimally charge and provide grid services, Highland is helping customers improve energy efficiency and resiliency.
– School districts and other governmental organizations are embracing electric vehicles because they are cheaper and cleaner.

North America Women Founded

Recogni raises $48.9 million for AI-powered perception chips

– Recogni, a startup designing an AI-powered vision recognition module for autonomous vehicles, today announced it raised $48.9 million.
– The company says the funds will help it bring its perception product to market while expanding the size of its engineering and go-to-market teams.
– CEO RK Anand believes that self-driving cars have a compute problem. While the models that guide the cars’ decision-making have powerful servers for training, inferencing — the stage at which the algorithms make predictions — must be performed offline to ensure redundancy.
– That’s why in 2017, Anand cofounded San Jose, California-based Recogni with Ashwini Choudhary, Eye-Fi founder Eugene Feinberg, former Lilium sensor systems engineer Gilles Backhus, and Valerie Chan.

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