This summary is generated by an algorithm. If you find any mistakes, let us know.

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.

Source
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.

Source
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.

Source
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.

Source
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.

Source
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.

Source
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
Crunchbase icon

Content report

The following text will be sent to our editors: