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

Infrastructure North America Security Software

Infrastructure access platform StrongDM raises $54M

– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.

Source
Automotive Electric Vehicle Energy Infrastructure North America Robotics Transportation

Ample raises $160M to scale its battery swapping service

– San Francisco-based Ample raised $160m Series C funding.
– The round was led by Moore Strategic Ventures with participation from PTT, a Thai state-owned oil and gas company, and Disruptive Innovation Fund.
– Existing investors Eneos, a Japanese petroleum and energy company, and Singapore’s public transit operator SMRT also participated.
– Ample’s total funding is now $230m.

Source
Cyber Security Industrial Manufacturing Infrastructure Machine Learning North Africa and the Middle East

Siga secures $8.1M Series B to prevent cyberattacks on critical infrastructure

– Israeli cybersecurity startup Siga OT Solutions raised $8.1m in Series B funding.
– The round was led by PureTerra Ventures, with investment from Israeli venture fund SIBF, Moore Capital and Phoenix Contact.
– The company plans to use the funding to accelerate its sales and strategic collaborations internationally.

Source
Artificial Intelligence Cyber Security Infrastructure Machine Learning Privacy Search Engine Software Western Europe

Privacy-oriented search app Xayn raises $12M from Japanese backers to go into devices

– Berlin-based Xayn, a personalized search engine, raised $12m in Series A funding.
– The round was led by Global Brain and KDDI (a Japanese telecommunications operator), with participation from previous backers, including the Earlybird VC in Berlin.
– Xayn’s total financing now comes to more than $23m.
– The company will now focus on the Asian market, starting with Japan, as well as Europe.

Source
Enterprise Information Technology Infrastructure North America SaaS Software

Spectro Cloud Announces $20M Completion of Series A Funding to Unleash Full Potential of Kubernetes in Production Environments with Next-Gen Management Platform

– Spectro Cloud, a next-gen Kubernetes enterprise management platform, announced the completion of its Series A funding round, amounting to $20M.
– The round was led by Stripes, a leading investor in software and consumer products.
– Prior to this current investment round, Spectro Cloud had previously raised $7.5M in seed funding from Sierra Ventures, boldstart ventures, WestWave Capital and Firebolt Ventures, all of which also participated in the current Series A funding round.
– Additional Series A investors include T-Mobile Ventures and Alter Venture Partners.

Source
Cloud Infrastructure Enterprise Software Infrastructure North America SaaS Web Development

WebOps platform Pantheon raises $100M from SoftBank Vision Fund

– WebOps SaaS platform Pantheon, which started out as a Drupal and WordPress hosting service many years ago, announced that it has raised a $100 million Series E round solely funded by the Softbank Vision Fund.
– With this round, Pantheon has now reached unicorn status, with a valuation of over $1 billion.
– Pantheon co-founder and CEO Zack Rosen told me that the company wasn’t under any pressure to raise.

Source
Computer Vision Construction Infrastructure North America SaaS

Reconstruct Secures $17.3 Million to Empower Remote Quality Control & Progress Monitoring for Construction and Real Estate

– Reconstruct, the leader in AI-powered remote quality control and progress monitoring software, announces its $17.3 million Series B funding round.
– Led by the Nemetschek Group, a global leader in construction software, along with other leading AEC companies and tech titans – EquipmentShare/Romulus Capital, STO Building Group, ThorntonTomasetti, SHoP Architects, Syska Hennessy, and Asia Pacific Land.
– This infusion of capital will enable Reconstruct’s integration with industry-leading software like Bluebeam and accelerate global expansion.
– In addition to these multi-national investors leading the round, the Company boasts 100% participation of its existing shareholders including Serra Ventures and Cultivation Capital.

Source
Energy Energy Storage Infrastructure South Asia

ION Energy Raises $3.6 Million with the Participation of Amazon’s Climate Pledge Fund

– ION Energy, an energy-tech startup building advanced electronics and software platforms for new energy enterprises, announced it has raised $3.6 million in Pre-Series A funding.
– The round was raised from Amazon’s Climate Pledge Fund and joined by Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and other angel investors.
– The funds will be used to grow the ION team to 125+ (currently 70), invest in product development, and expand the software business in North America and Europe.
– As part of the round, Anup Menon, Head of Strategy & Emerging Technology at Bank of America will join ION’s Board of Directors.

Source
Data Center Enterprise Applications Enterprise Software Information Technology Infrastructure North America Software

Robin.io Raises $38M in Series C Funding

– Robin.io, a San Jose, CA-based leader in Kubernetes-based cloud-native 5G, edge and enterprise application management, closed a $38M Series C funding round.
– The round was led by Rakuten Capital and joined by Clear Ventures, Emory University, Raine Next-Gen Communications and current investors.
– This latest major backing for the company comes as bookings growth at Robin.io has surpassed 400% quarter-over-quarter when comparing the first two quarters of the current fiscal year.

Source
Construction Data Integration FinTech Industrial Automation Infrastructure Machine Learning North America Payments Real Estate Software

Tiger Global leads $30M investment into Briq, a fintech for the construction industry

– Briq, a construction fintech startup, raised $30m in Series B funding.
– The round was led by Tiger Global Management and joined by Eniac Ventures and Blackhorn Ventures.
– The company has raised $43m since its January 2018 inception.
– Briq aims to solve the age-old problem of construction projects (very often) going over budget.

Source
Analytics Artificial Intelligence Asia Image Recognition Infrastructure Machine Learning Sustainability Water

Utilis Raises $6M in Funding

– Utilis is a satellite-based infrastructure intelligence company.
– The company raised $6m in funding.
– The round was led by Beringea, the transatlantic venture capital firm.
– The new investment will be used to continue investing in its innovative products and expand into the ground engineering market, while adding to its team across its offices in the USA, Israel, and the UK, and growing its sales and marketing.

Source
Aerospace Air Transportation Infrastructure North America

American Express Ventures Makes Strategic Investment in Boom Supersonic to Fuel the Future of Travel

American Express Ventures makes strategic investment in Boom Supersonic to fuel the future of travel.
– The funds will support the continued development of Boom’s flagship product, the supersonic airliner Overture.
– Boom is building the world’s fastest and most sustainable commercial airliner.
– Overture is slated to roll out in 2025 and begin commercial flights by 2029.
– Boom has $6 billion in pre-orders of Overture aircraft.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: