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Cloud Data Services Enterprise Software North America Security

Saviynt Raises $130M to Further Accelerate Its Growth in Enterprise Identity Security Market Following Record First Half of 2021

– Saviynt closed $130m in financing from HPS Investment Partners and PNC Bank.
– The latest funding brings Saviynt’s total capital raised to $170m.
– Saviynt will use the additional resources to meet the increasing demand for its cloud-based identity solution by significantly growing its investments in R&D and personnel.
– Saviynt’s success comes as rising cyber risks and identity-related security breaches have forced enterprises worldwide to rethink their approach to security, with identity management becoming the foundation for Zero Trust.
– Saviynt’s growing leadership position in the market is reflected by its product innovation, Global 2000 customer wins, expansion to new regions, and launching of key strategic partnerships.

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Analytics Cloud Data Services Data Integration Enterprise North America SaaS Software

Fivetran to Acquire HVR; Announces $565 Million in Series D Funding

– Fivetran, the leading provider of automated data integration, announced it has entered into a definitive agreement to acquire HVR, a leading provider of enterprise data replication technology.
– The acquisition will allow Fivetran to provide breakthrough database replication performance along with enterprise-grade security to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more.
– Fivetran also announced it has raised a $565 million Series D round, consisting of new and existing investors. Andreessen Horowitz (a16z) led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity. Fivetran has raised $730 million to date. The company is now valued at $5.6 billion.

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Business Intelligence Cloud Data Services Data Integration SaaS Western Europe

Matillion raises $150M at a $1.5B valuation for its low-code approach to integrating disparate data sources

– Matillion, a startup that helps companies harness their data, raised $150m in funding.
– The round was led by General Atlantic and joined by Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.
– The company has hundreds of enterprise customers, including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco.
– The startup was founded in Manchester (it now also has a base in Denver), and this makes it one of a handful of tech startups out of the city — others we’ve recently covered include The Hut Group, Peak AI and Fractory — now hitting the big leagues and helping to put it on the innovation map as an urban center to watch.

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Analytics Cloud Data Services Cloud Management North America Software

Flywheel Raises $22M in Series C Funding

– Flywheel announces a $22m Series C funding round.
– The round was led by 8VC and includes iSelect, Argonautic Ventures, Beringea, Novartis, HPE Pathfinder, Spike Ventures, Key Investments, Seraph, Great North Labs and others.
– Flywheel’s cloud-based data management platform enables researchers to accelerate discovery through streamlined data curation and management, automated pipelines for machine learning and analysis, and tools to ensure secure collaboration.
– With Flywheel’s platform in place, researchers across academic, clinical and life sciences organizations can transform productivity and accelerate innovation in imaging research, multicenter studies, AI development and clinical trials.

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Cloud Data Services Cyber Security E-Commerce Platforms Identity Management North America Privacy

ID.me Raises $120M in Debt and Revolving Facility

– ID.me is a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online.
– The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20mln revolving credit.
– The new investment will be used to accelerate growth along with the development of its secure digital identity network for all consumers.

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Big Data Cloud Data Services Enterprise Software North America Open Source Software

Original Creators of Apache Pulsar Raise $23M Series-A for StreamNative, Round Led by Prosperity7 Ventures

– StreamNative, the unified messaging and streaming platform founded by the original developers of Apache Pulsar®, announced it has raised $23 million in its Series-A
– The round led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, and followed by their seed investors.
– The company brings an unmatched team of Pulsar leadership and developer expertise and provides a platform to enable companies to manage the entire lifecycle of data in any cloud environment across the enterprise.

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Analytics Big Data Cloud Data Services Database Enterprise Software North America Software

SingleStore Fuels Triple-Digit Cloud Growth with $80M in New Funding

– SingleStore, the single database for all data-intensive applications, announced that it has raised $80m in its Series F round.
– The round was led by Insight Partners with participation from new investor Hewlett Packard Enterprise.
– Existing investors Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures also participated.
– SingleStore indicated that the 300%+ increase in new customer acquisition for its cloud service and 150%+ year-over-year growth in cloud revenue led to raising a new round to continue to power innovation and growth.
– The Series F round brings SingleStore’s total funding to $264m.

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Australia and Oceania Blockchain Cloud Data Services Software

SubQuery Announces US$9 Million Funding Round For Decentralized Data Protocol For The Polkadot Ecosystem

– SubQuery announced a US$9m funding round for the first decentralized data aggregation layer for the Polkadot ecosystem.
– SubQuery aims to improve access to decentralized blockchain data by creating a vibrant marketplace for data indexing and provisioning.
– SubQuery’s technology provides Polkadot and Kusama developers with the tools needed to easily explore, transform and analyse on-chain data.
– As a result, blockchain developers can focus on product development and user experience rather than building their own querying systems.

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B2B Cloud Data Services Finance North America SaaS Software

Enable Raises $45M in Series B Funding

– Enable, a San Francisco, CA-based cloud-based software solution for B2B rebate management, raised $45m in Series B funding.
– The round was led by Norwest Venture Partners with participation from previous investors Menlo Ventures and Sierra Ventures, along with several angel investors.
– The new investment will be used to continue to expand operations and its business reach.

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Cloud Data Services Hardware Information Technology Internet of Things North America Software Wireless

Everactive Raises $16M Additional Series C Funding

– Everactive from Santa Clara develops batteryless wireless IoT solutions.
– The company raised $16m in a strategic funding round.
– Backers in the round included 3M, Ericsson, and Armstrong International.

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Business Information Systems Cloud Data Services North America SaaS Software

Guidewheel Raises $8M in Series A Funding

– Guidewheel from San Francisco CA provides a cloud-powered FactoryOps that allows factories to digitize their operations and reach sustainable performance.
– The company raised $8m in Series A funding.
– The round was led by Greycroft, which was joined by angels, and Fortune 500 executives.
– The new investment will be aimed at accelerating growth, expanding operations and its business reach.

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Apps Automotive Cloud Data Services Information Technology North America Software

Sonatus Raises $35M in Series A Financing

– Sonatus, a Sunnyvale, Calif.-based automotive software company, raised $35m in Series A funding.
– The round was led by Translink Capital with participation from Hyundai Motor Group’s Kia Corporation, SAIC Capital, LG Electronics, Marvell, UMC Capital, and Wanxiang Group Company.
– The new investment will be used to accelerate global growth and further expand its roadmap of next-generation software-defined vehicle solutions.

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Analytics Business Information Systems Cloud Data Services Data Integration Information Technology North America

Striim Closes $50M Series C

– Striim, provider of a leading real-time data integration platform, has announced the $50M Series C funding round.
– The round was led by Goldman Sachs Equity and welcoming an additional new investor, Solasta Ventures.

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Cloud Computing Cloud Data Services Cloud Infrastructure Internet of Things Messaging Mobile Real Time Western Europe

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.

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Cloud Data Services Information Services Information Technology North America SaaS Software

env0 Raises $17M in Series A Funding

– env0, a Tel Aviv, Israel-based based provider of remote-run workflow management solutions for cloud deployments, raised $17M in Series A funding.
– The round was led by M12 – Microsoft’s Venture Fund, with participation from existing investors Boldstart Ventures, Grove Ventures, and Crescendo Ventures.
– The company intends to use the funds to expand its Infrastructure as Code (IaC) platform.

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Big Data Cloud Data Services Data Integration North America Open Source Software

Prefect Technologies Raises $32M in Series B Funding

– Prefect Technologies Inc. from Washington DC-based dataflow automation company.
– Series B $32m round led by Tiger Global with participation from new investor Bessemer Venture Partners, existing investor Positive Sum and others.
– The company plans to use the funds to further develop its dataflow automation platform, build out its team, and proactively execute its product-led growth strategy.

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Big Data Cloud Data Services Data Integration North America Open Source Software

Data flow automation engine Prefect raises $32M

– Dataflow automation startup Prefect announced it has raised $32 million in a series B funding round led by Tiger Global.
– The company says it will use the capital to further develop its platform, attract talent, and support its growing community of users.
– 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.
– Salesforce’s recent Trends in Workflow Automation report found that 95% of IT leaders are prioritizing automation and 70% of execs are seeing the equivalent of over four hours saved per employee each week.
– Moreover, according to market research firm Fact.MR, the adoption of business workflow automation at scale could create a market opportunity worth over $1.6 billion between 2017 and 2026.

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Billing Cloud Data Services CRM Enterprise Software Marketing North America Point of Sale SaaS Scheduling Software

Zenoti Raises $80M Investment from TPG

– Zenoti from Bellevue develops a software platform for salon and spa businesses.
– Series D funding round was led by TPG with participation of previous investors – Battery Ventures, First Round Capital, and Madrona Venture Group.
– The new investment increases company valuation to almost $1.5b.
– The company intends to use the funds to continue to expand its platform through forthcoming M&A, while providing some liquidity to its employees.

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Artificial Intelligence Cloud Data Services Data Integration Machine Learning North America

Interative Raises $20M in Series A Funding

– Iterative is a San Francisco, CA-based MLOps company dedicated to streamlining the workflow of data scientists and Machine Learning (ML) engineers.
– The company raised $20m in Series A funding round.
– The round was led by 468 Capital and Florian Leibert, ex-founder of Mesosphere, an infrastructure start-up based on the open-source software Apache Mesos, with participation from prior investors True Ventures and Afore Capital.
– The new investment will be used for development and growth.

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Artificial Intelligence Cloud Data Services Data Integration Machine Learning North America

MLOps startup Iterative.ai nabs $20M

– Iterative.ai, an MLOps company developing data science and AI engineering workflows, announced that it raised $20 million.
– The company says it’ll support the launch of its first commercial product, Data Version Control (DVC) DVC Studio, a dashboard aimed at simplifying machine learning model development based on data and metrics.
– MLOps, a compound of “machine learning” and “information technology operations,” is a newer discipline involving collaboration between data scientists and IT professionals with the aim of productizing machine learning algorithms.
– The market for such solutions could grow from a nascent $350 million to $4 billion by 2025, according to Cognilytica.
– But certain nuances can make implementing MLOps a challenge.

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Cloud Data Services Genetics Health Care Health Diagnostics North America Personal Health

Genoox Raises $8M in Funding

– Genoox is a Palo Alto in CA-based driven genomic data platform provider.
– The company raised $8m in funding.
– The round was led by IN Venture, a Sumitomo Corporation backed venture fund, with participation from Infinity Medical and existing investors Inimiti, Glilot Capital and Triventures.
– The new funding will be used to expand its community of genetic professional users and enhance the network effect created by sharing genetic insights on its platform.

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Cloud Data Services Corporate Training Employee Benefits Financial Services FinTech Gift Human Resources North America Payments

Zeta Raises $250M From SoftBank Vision Fund 2 for Its Omni Stack for Banks

– Zeta, a banking tech startup, announced that it has secured $250m in investment from SoftBank Vision Fund 2.
– This Series C investment values Zeta at $1.45b.
– This is one of the largest single investments in a banking tech startup globally.
– Zeta provides the only fully modern platform for banks that can be deployed in parallel for new programs and new customers without uprooting legacy technology.
– Banks across the globe have increased income, improved customer engagement and reduced fraud by leveraging Zeta’s Omni Stack.

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Analytics Cloud Data Services Collaboration Database North America SaaS

Data prep and management platform Data.World raises $11M

– Cloud-based data catalog startup Data.World closed a $11.05 million growth round led by Dutch chemical company Vopak, a customer.
– The company says the funds will be used to support expansion, product development, and hiring, as well as new customer acquisition.
– Data scientists spend the bulk of their time cleaning and organizing data, according to a 2016 survey conducted by CrowdFlower.
– In a recent Alation report, a majority of respondents (87%) pegged data quality issues as the reason their organizations failed to implement AI.
– That’s perhaps why firms like Markets and Markets anticipate that the data prep industry, which includes companies that offer data cataloging and curation tools, will be worth upwards of $3.9 billion by the end of 2021.

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Business Intelligence Cloud Data Services Compliance Construction Field Support North America Public Safety SaaS Scheduling Software

Construction tech upstart Assignar adds a Fifth Wall with $20M Series B

– Assignar, a cloud-based construction tech startup, raised $20m in Series B funding.
– The round was led by real estate tech-focused venture firm Fifth Wall.
– Existing backer Tola Capital and new investor Ironspring Ventures also put money in the round.
– The company plans to use the funding to expand its sales and marketing efforts.

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Cloud Data Services North America SaaS Software

Data governance and security startup Cyral raises $26M

– Data security and governance startup Cyral announced it has raised $26 million, bringing its total to date to $41.1 million.
– The company plans to put the funds toward expanding its platform and global workforce.
– Existing investors, including Redpoint, Costanoa Ventures, A.Capital, and strategic investor Silicon Valley CISO Investments, participated in Cyral’s latest funding round.
– Since launching in Q2 2020, Cyral — which has 40 employees and occupies a market estimated to be worth $5.7 billion by 2025, according to Markets and Markets — says it has nearly doubled the size of its team and close to quadrupled its valuation.

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Artificial Intelligence Cloud Computing Cloud Data Services Cloud Infrastructure Information Technology Machine Learning Software Western Europe

Quix Raises $3.2M in Seed Financing

– Quix is a real-time streaming analytics platform for Python developers.
– The company raised $3.2m in seed funding.
– The round was led by Project A Ventures with participation from Passion Capital and strategic angel investors including Frank Sagnier (CEO, Codemasters) and Ian Hogarth (Co-author, State of AI Report).
– The new investment will be used to expand operations and business reach.

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Cloud Computing Cloud Data Services Cloud Storage Database Information Technology North America

Wasabi Raises $112M in Series C Financing

– Wasabi, a Boston, MA-based hot cloud storage company, raised $112M in Series C funding.
– The round was led by Fidelity Management & Research Company with participation from existing investors.
– The new funding will be used to expand the company’s network of resellers, technology alliance partners, and distributors, open data centers in many new international markets, to grow its internal team across all fronts including development, sales, support, marketing, administration and operations, to make further investments in building its brand internationally and providing additional marketing support for its channel partners.

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Cloud Data Services Internet of Things North America SaaS Software

IoT development platform Prescient Devices nabs $2M

– Prescient Devices, a platform for internet of things (IoT) software and service development, today announced that it raised $2 million in seed funding.
– The company says it’ll put the proceeds toward product ideation and ramping up its sales and marketing programs.
– But despite the industry’s growth, not all organizations think they’re ready for it.
– In a recent Kaspersky Lab survey, 54% said the risks associated with connectivity and integration of IoT ecosystems remained a significant blocker.
– Prescient offers a low-code programmable platform that allows system integrators, IT engineers, and data scientists to build IoT and edge computing solutions.

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Cannabis Cloud Computing Cloud Data Services Compliance Enterprise Software North America

Fyllo Completes $30M Series B Financing

– Fyllo, the leader in digital marketing and compliance solutions technology for highly regulated industries, including cannabis, has closed an oversubscribed Series B round totaling $30M co-led by JW Asset Management and Sol Global.
– Additionally, Peter S Kraus, chairman and, CEO of Aperture Investors and former AllianceBernstein CEO joins the Company’s Board of Directors.
– Of note, sixty percent of the funds raised in the Series B comes from outside of the cannabis industry, underscoring the maturity of the burgeoning cannabis market and validating the Company’s potential to scale beyond the endemic market to address similar challenges faced in other highly regulated industries.

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Artificial Intelligence Cloud Data Services Information Technology Internet North America Software

Workflow automation platform Aisera raises $40M

– Aisera, a company developing a platform that automates operations and support tasks across IT, sales, and customer service, announced it has raised $40 million in a series C round led by Icon Ventures.
– The startup says the funds, which bring its total raised to $90 million, will support product expansion and deployment, as well as go-to-market, marketing, and software development efforts.
– 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-sized enterprises are expected to adopt business workflow automation at scale, creating a market opportunity of more than $1.6 billion between 2017 and 2026.

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Analytics Big Data Cloud Data Services Database Enterprise Software Information Technology North America Software

Redis Labs Raises $110 Million Led by Tiger Global Management

– Redis Labs today announced it has closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion.
– The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2, and existing Redis Labs investor TCV.
– Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction.
– Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support.

Cloud Data Services Cloud Security Compliance Data Storage Enterprise Software North America SaaS Software

Druva Secures $147 Million Investment to Extend Market Leadership

– Druva announced a $147m investment as the company rapidly scales in response to accelerated demand for its platform.
– The round was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets.
– As organizations quickly move workloads to cloud environments, adopt SaaS solutions, and combat rising cyber threats, this new investment will fuel continued expansion of Druva Cloud Platform to meet today’s unprecedented needs, and extend the company’s industry leadership as it defines tomorrow’s data protection.
– Druva is the leader in Cloud Data Protection and Management.

Cloud Data Services Cyber Security Enterprise Software North America Security

Qohash Secures CAD$8M in Series A Funding

– Qohash Secures CAD$8M in Series A Funding.
– The round was led by Fintop Capital.
– The company intends to use the funds to continue to expand operations and its business reach across North America.
– Qohash has built a SaaS platform to protect sensitive data via automated data discovery, classification and risk assessment, mapping of sensitive data, and detecting risky behaviour in real-time.

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Cloud Data Services Content Syndication Data Integration Digital Marketing E-Commerce E-Commerce Platforms Europe Information Technology Marketing Marketing Automation Retail Technology SaaS Software

Productsup Closes $20M Funding Round

– Productsup from Berlin provides an ecommerce data integration solutions that allows brands and retailers to optimize and syndicate their product content to all digital marketing, shopping and business channels, such as Google, Amazon, Facebook, or Walmart.
– The company raised $20m in funding.
– The round was led by Nordwind Capital and venture debt providers Deutsche Handelsbank and KfW with participation from Moritz Zimmermann, co-founder of Hybris and partner at 42Cap, and the co-founders of Contorion, Richard Schwenke and Tobias Tschötsch.

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Cloud Computing Cloud Data Services Information Technology North America Open Source Software

ZEDEDA Closes $12.5M Strategic Investment Round to Expand Global Leadership in Secure Distributed Edge Computing

– Zededa announced a $12.5m expansion to its $16m Series A round bringing its total funding to-date to $28.5m.
– The latest round of institutional funding validates the traction Zededa has achieved across the market as customers adopt its disruptive orchestration solution for the distributed edge.
– Zededa will use the new influx of capital to continue to scale its operations, including investments in R&D, sales and marketing.
– Zededa’s cloud-based orchestration solution enables complete flexibility for end users, OEMs, machine builders, technology providers and system integrators, with support for any hardware, any application and any cloud or on-premises system.
– The company expects to more than triple the number of customer edge nodes under management by mid-2021 from today.

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Cloud Data Services Computer IT Infrastructure North America Software

Cloud backup and recovery company HYCU raises $87.5M

– HYCU, a company developing data backup and recovery solutions for enterprises, today announced that it closed a $87.5 million series A funding round led by Bain Capital Ventures.
– With the introduction of HYCU Protégé, a disaster recovery solution for enterprise apps, HYCU says it will use the funding to expand and grow its app, public cloud, and software-as-a-service-based innovations as well as hire aggressively in Boston and North America to meet growth goals.
– There are few catastrophes more disruptive to an enterprise than data loss, and the causes are unfortunately myriad. In a recent survey of IT professionals, about a third pegged the blame on hardware or system failure, while 29% said their companies lost data because of human error or ransomware.

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Artificial Intelligence Cloud Data Services Drones Machine Learning North America Robotics Software

Drone data scanning company Skycatch announces a $25M raise

– Skycatch, a 3D scanning company, raised $25m in funding.
– The round was led by ADB Ventures and Wavemaker.
– The company plans to expand its sales and marketing team.

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Cloud Data Services E-Commerce Platforms Identity Management North America Privacy

ID.me Inks Mega $100M Series C Round

– ID.me, a leading digital identity network that allows consumers to prove who they are online while controlling how their information is shared with brands, has raised $100m in a Series C funding round led by Viking Global Investors.
Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, WndrCo, Willoughby Capital, BoxGroup and Moonshots Capital joined the round.
– Prominent investors include Marcelo Claure, Alexa Von Tobel and Dan Rosensweig.

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B2B Cloud Computing Cloud Data Services Cloud Infrastructure Database Europe Software

Aiven Raises $100M in Series C Funding

– Aiven from Helsinki develops open source technologies with cloud infrastructure.
– Company raised $100m in Series C funding.
– The round was led by Atomico and attracted new investors Salesforce Ventures and World Innovation Lab as well as existing investors Earlybird Venture Capital and IVP.
– The new investment will be aimed at doubling the company’s headcount over the next year, bringing new products to market, developing open source technologies and continuing to expand internationally.

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Cloud Data Services Cloud Infrastructure Electronic Health Record (EHR) Health Care North America

ixlayer Raises $75M in Series A Funding

– ixlayer, a San Francisco, CA-based provider of technology-based solutions for diagnostic testing, raised $75m in Series A funding round.
– The round was led by General Catalyst with participation from PearVC, Signatures Capital’s Bobby Yazdani, Uber CEO Dara Khosrowshahi, 23andMe CEO Anne Wojcicki, MBX Capital’s Zeshan Muhammedi and Prologis CEO Hamid Moghadam.
– The new investment will be used to accelerate the company’s global expansion and development of new products.

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Cloud Data Services CRM Enterprise Software Information Technology North America Procurement SaaS Software

Icertis Solidifies CLM Market Leadership with $80 Million Series F Round

– Icertis solidifies CLM market leadership with $80m Series F round
– Icertis is the contract intelligence company that pushes the boundaries of what’s possible with CLM.
– Icertis is experiencing accelerated growth, despite headwinds from COVID-19, highlighting the critical importance of contracts and CLM’s emergence as a “must have” system of intelligence for CxOs.
– Icertis leads the category because the Icertis Contract Intelligence (ICI) platform digitizes the contracting process, uniquely extracts the critical structured and unstructured data found in contracts, connects this data to operational surround systems, and leverages the power of AI to ensure the intent of every contract is fully realized.

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Cloud Data Services Document Management Enterprise Software Europe File Sharing Software

Canto Receives Significant Growth Investment from JMI Equity

– Canto, a leading provider of digital asset management (DAM) software, today announced that it has received a strategic growth investment from JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies.
– Canto will utilize the additional funding to expand its customer-facing teams, accelerate and broaden its product development initiatives and drive growth across its target markets.
– Canto provides a cloud-based DAM software platform that customers strategically use to store, organize, and share large volumes of digital brand assets.
– As the complexity and volume of digital brand assets have increased over time, Canto’s solution supplants generic file storage systems, ensuring consistent messaging for businesses across all digital and physical locations, and empowering employees to collaboratively develop and deploy influential and impactful campaigns.

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Cloud Data Services Data Center Information Technology North America

Quantum Loophole Raises Over $13 Million In Seed Funding

– Quantum Loophole is a developer of first-of-its-kind Gigawatt-scale master plan data center cities.
– The company raised over $13m in its initial round of seed funding.
– The company was founded and led by Josh Snowhorn, an interconnection and data center industry executive who has built over $10 billion of value during his 20+ year career.

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Analytics Business Intelligence Cloud Data Services FinTech Human Resources Internet Management Information Systems North America Recruiting SaaS

Papaya Global raises $100M more at a $1B+ valuation for tools to hire, pay and manage distributed workforces

– Israeli startup Papaya Global, which provides cloud-based payroll and hiring, onboarding and compliance services across 140 countries for organizations that employ full-time, part-time and contract workers outside of their home country, has picked up $100m in funding.
– The company targets organizations that not only have global workforces, but are expanding their employee bases quickly.
– It has raised $190m in total funding.

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Cloud Data Services Data Center Information Technology North America

Quantum Loophole First Year Seed Funding Exceeds $13 Million

– Quantum Loophole has raised over $13m in its initial round of seed funding.
– The company is an innovative developer of first-of-its-kind Gigawatt-scale master plan data center cities.
– Quantum Loophole is founded and led by Josh Snowhorn, an interconnection and data center industry executive who has built over $10B of value during his 20+ year career.
– Snowhorn has compiled a formidable communications infrastructure industry leadership team with proven experience at organizations that include Microsoft, Apple, Time Warner Cable, Charter Communications, Cincinnati Bell, CyrusOne, Deloitte, PwC, Terremark, Verizon, Yahoo and more.

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Cloud Data Services Database Information Technology North America Outsourcing

Hydrolix snares $10M seed to lower the cost of processing log data at scale

– Hydrolix, a startup that helps companies process data from logs, traces and metrics, announced a $10m seed round.
– The round was led by Wing Venture Capital with help from AV8 Ventures, Oregon Venture Fund and Silicon Valley Data Capital.
– The company plans to use the funding to expand its engineering team and build out its product.

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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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Advertising Platforms Cloud Data Services North America Social Media Advertising Video

VidMob Raises $50M in Series C Funding

– VidMob, a NYC-based Intelligent Creative platform provider, raised $50m in Series C funding.
– The round was led by Adobe, Shutterstock, Drive by DraftKings, the Spruce House Partnership, Prefix Capital, BuildGroup, Interlock Partners, Macanta, and key industry and tech leaders like Michael Kassan, Nick Brien, Thomas Tull, Mainardo de Nardis, among others.
– César Melo, former president at Mondelez and PepsiCo, CEO at Foster Grant and VP at Colgate-Palmolive is also investing and joining the board as an advisor.

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Analytics Cloud Data Services Cloud Management Information Technology IT Management North America Predictive Analytics

ScienceLogic Raises $105 Million in New Financing to Accelerate Leadership in Growing AIOps Market

– ScienceLogic announced that it has raised $105m in growth financing.
– The round was led by Silver Lake Waterman and included participation from existing investors Goldman Sachs, Intel Capital and NewView Capital.
– The investment will support the company’s continued innovation in the AIOps market and further broaden ScienceLogic’s position within the $30+ billion IT Operations Management software market.
– ScienceLogic’s AIOps market leadership also was recently highlighted by the Forrester Wave, which included ScienceLogic as one of only three firms highlighted as AIOps Leaders – honors that further cement the company’s forward momentum.

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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.

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Cloud Data Services Identity Management Information Technology North America Software

Strata Raises $11M in Series A Funding

– Strata is a distributed multi-cloud identity orchestration company based in Boulder, Colorado.
– The company raised $11m in Series A funding.
– The round was led by Menlo Ventures with participation from ForgePoint Capital.
– The new investment will be used to scale research & development, go-to-market, sales, marketing, and customer success for its Maverics platform.

Source
Analytics Business Intelligence Cloud Data Services Data Integration Europe Software

Matillion raises $100 million to help enterprises accelerate cloud data integration

– Matillion has raised $100m in a series C round of funding led by Lightspeed Venture Partners.
– The company is racing to keep up with the demand for better cloud integration options.
– Matillion believes it has an advantage because its solution was built for the cloud-native era from the ground up.

Source
Cloud Data Services Europe Information Technology Software

Spacelift Raises $6M in Series A Funding

– Spacelift is a Warsaw, Poland and Redwood City, CA-based infrastructure-as-code (IaC) and policy-as-code management platform provider.
– The company raised $6m in Series A funding.
– The round was led by Blossom Capital with participation from existing investors Inovo Venture Partners and Hoxton Ventures.
– The new investment will be used to build out the engineering team to accelerate product development, as well as the commercial team in the US.

Source
Cloud Computing Cloud Data Services Developer APIs Enterprise Software North America

Kong Raises $100 Million to Accelerate Cloud Connectivity

– Kong Inc. announced it has closed $100m Series D funding.
– The round was led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs.
– This latest round brings Kong’s total funding to $171m, tripling its valuation to $1.4bn since the Series C round.
– The company will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform.
– Kong Konnect is a full-stack service connectivity platform designed for cloud native applications and delivered as a service.

Source
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