Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round
– Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up.
– This round of funding was led by Hanwha Hotel & Resort.
– Urbanbase, founded in 2013 by chief executive officer and a former architect Jinu Ha, has now raised $20 million (approximately 23 billion won) in total.
Internxt gets $1M to be ‘the Coinbase of decentralized storage’
– Valencia-based startup Internxt has raised $1M in seed funding.
– The round was led by Angels Capital, a European VC fund owned by Juan Roig (aka Spain’s richest grocer and second wealthiest billionaire), and Miami-based The Venture City.
– The funds will be put towards its next phase of growth — its month-to-month growth rate is 30% and it tells us it’s confident it can at least sustain that — including planning a big boost to headcount so it can accelerate product development.
– The Spanish startup has spent most of its short life to date developing a decentralized infrastructure that it argues is both inherently more secure and more private than mainstream cloud-based apps (such as those offered by tech giants like Google).
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.
StorageOS Raises $10M in Series B Funding
– StorageOS from London develops a cloud native storage management platform to strengthen the cloud native storage industry.
– Series B $10m round brings company valuation to more than $50m.
– The round was led by Downing Ventures with participation from Bain Capital Ventures, Uncorrelated Ventures and MMC Ventures and new investor Chestnut Street Ventures.
– The new investment will be aimed at scaling the company’s sales and customer facing technology teams.
