Electric raises $40 million for IT platform that gives businesses real-time insights and tech support
– Electric provides real-time IT support to businesses, alongside insights and data on its customers’ IT infrastructure.
– The company today announced it has raised $40 million in a series C round of funding led by Greenspring Associates.
– Founded out of New York in 2016, Electric offers chat-based IT support integrated directly into Slack or Microsoft Teams, with employees able to access technical support from Electric’s 100-plus team within 10 minutes.
– Requests range from password reset support and access to files or folders to troubleshooting network connections and hardware glitches or ordering a new mouse and keyboard.
– In addition to providing IT support, Electric’s platform, which it calls Turbine, gives companies visibility into all their IT support needs though data and analytics that show the volume of requests by type, time period, person, and more.
– TymeBank, a South African digital bank, secured an investment from new investors in the U.K. and Philippines.
– The company made this known via a statement.
– This investment will be used to bolster TymeBank’s growth and drive its commercial expansion across the country.
– The company offers a transactional bank account with zero or low monthly fees and a savings product.
– Most of its customers are onboarded via physical kiosks, usually in Pick n Pay and Boxer stores around the country.
– Since launching in February 2019, TymeBank has grown rapidly and now has about 2.8 million customers.
– The company says that it’s on track to reach 3 million by the end of next month.
Unicorn Nest news
– LLR Partners announced an investment in Salute Mission Critical, a leading IT Data Center Lifecycle services company that recruits and trains military veterans to become world-class technicians.
– The partnership will help enable Salute’s continued rapid growth through the scaling of infrastructure, global operations and strategic M&A.
– Salute’s Co-Founder, Lee Kirby, says, “I am thrilled to be partnering with LLR. The cultural alignment in this partnership will help us make an even greater impact for the industry and the lives of veterans and military spouses, proving that a triple bottom line approach is good for business and for the world.”
Unicorn Nest news
– Aviatrix announced it has raised $75m in Series D funding.
– The round was led by General Catalyst and includes new investors Greenspring Associates, Meritech Capital, and TrueBridge Capital Partners.
– Existing investors CRV, Formation 8, Ignition, and Liberty Global Ventures also participated in this round.
– This brings the company’s total financing to $151m.
– Quentin Clark from General Catalyst will be joining the company’s Board of Directors.
– Aviatrix is the cloud network platform.
– The growth-stage investment will be used by the company to scale sales, partner channels, customer support, and product development organizations to accommodate the increasing demand from enterprises for multi-cloud networking solutions as businesses continue to move mission-critical applications to the cloud.
– Maple, a family tech platform, raised $3.5m in seed funding.
– The round was led by Inspired Capital and joined by Box Group, but also supported by Shopify President Harley Finkelstein and other angels.
– The platform is launching on iPhone and Android for all and onboarding new users from its waitlist over the next few weeks.
– Maple offers a social layer, a task-focused list of shared responsibilities, and a bourgeoning service marketplace that looks and feels a lot like the ecosystem Shopify has built for empowering e-commerce entrepreneurs.
– The platform will offer users the ability to tap others for help with tasks – these could be other family members added to the household, or the partners mentioned above (the plan is to bring on more, but to gate admittance initially while developing API endpoints that any company can potentially tap into).
– 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.
– Nanit has raised $25m in Series C funding.
– The round was led by GV, with participation from existing investors Jerusalem Venture Partners, Upfront Ventures, RRE Ventures and Rho Capital Partners.
– Nanit is the technology company behind the most advanced smart monitoring system that connects parents to their baby’s health and well-being.
– Nanit’s market success is driven by its ability to provide parents with immediate information and personalized data on their baby and toddler’s health and well-being right to their phone.
– The solution starts with Nanit’s AI-powered overhead nursery camera which uses advanced computer vision technology to see and hear everything happening in and around the crib combined with machine learning and data-backed sleep science to provide actionable insights that help parents learn about their child’s development.
Unicorn Nest news
– Gophr, a U.K.-based last-mile delivery provider, has raised £4 million in funding.
– The round was led by pan-European B2B investor Nauta Capital.
– The company had previously raised £1 million in two rounds, including £500,000 from publicly listed Auctus Alternative Investments.
– Noteworthy, Gophr’s co-founder and CEO, Seb Robert, tells me the 2015-founded company reached monthly net profitability around three years ago and was net profitable for the whole of last year.
– Like other delivery companies, Gophr has benefited from a pandemic bump, but fortitude aside, is aiming to step on the gas.
– 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.