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Document Management Information Technology Management Information Systems North America

Bluetail Raises $2.1M in Series A Funding

– Bluetail from Phoenix, AZ develops a digital aircraft records platform for private aviation.
– The company raised $2.1M in Series A funding.
– The round was led by Brookstone Venture Capital (formerly Canal Partners).
– The new investment will be used to develop new products, integrations, grow the team and further enhance its array of digital aircraft records scanning, storing, and searching.

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B2C Information Services Management Information Systems North America Property Management

a16z leads investment in Firemaps, a marketplace for home hardening against wildfires

– Firemaps, a startup that makes it easier to harden homes against wildfires, raised $5.5m in funding.
– The round was led by a16z and joined by Uber CEO Dara Khosrowshahi and Addition’s Lee Fixel.
– The company is led by Jahan Khanna, who co-founded it along with his brother, who has a long-time background in civil engineering, and Rob Moran.
– The trio spent cycles exploring how to work on climate problems, while staying focused on helping people in the here and now.

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Australia and Oceania Employee Benefits Employment Finance Human Resources Management Information Systems SaaS

Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD

– Employment Hero, an automated human resources, payroll and benefits platform for SMEs, raised $140m funding.
– The round was led by Insight Partners, the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth.
– The company is now expanding into Southeast Asian and Western European markets.
– It has a valuation of $800m.
– The company is used by 6,000 businesses, with a total of 250,000 employees.

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Health Care Management Information Systems North America Pharmaceutical

4G Clinical Announces $230MM Growth Equity Investment Backed by Goldman Sachs Asset Management

– Aera technology announced a growth equity investment of over $230M.
– The round was led by Goldman Sachs Asset Management (“Goldman Sachs”).
– The investment will be used to fund 4G Clinical’s continued global expansion, support the growing demand for 4G’s products, and to further the company’s mission of bringing crucial medicines to those who need them, faster.

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Cloud Computing Compliance Cyber Security Management Information Systems North America Risk Management SaaS Security

Ostendio Raises Series A Funding

– Ostendio is an Arlington, VA-based provider of always-on integrated risk management technology that makes it easy to build, operate, and showcase a security program.
– The company closed a Series A funding of undisclosed amount.
– The round was led by Osage Venture Partners and included follow-on investments from Blu Venture Investors, CIT GAP Funds, and other existing investors.
– The new investment will be aimed at the expansion of its network of audit partners (Auditor Connect) and its vendor risk management solution (Vendor Connect).

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Finance Financial Services FinTech Management Information Systems North America

Airbase raises $60M as the corporate spend market segments, matures

– Airbase, a corporate spend startup, raised $60m in Series B funding.
– The round was led by Menlo Ventures and joined by existing investors.
– The company plans to use the funding to expand its product and sales teams.

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Cyber Security Email Management Information Systems Network Security North America Software

Material Security Raises $40 Million Series B To Protect the World’s Email From the Next SolarWinds Attack

– Material Security, a company that protects email accounts even after they have been compromised, has secured $40M in Series B funding led by Silicon Valley solo capitalist Elad Gil.
– The round was led by Andreessen Horowitz, as well as several individual tech industry leaders and investors.
– The new funding will allow Material Security to expand business operations to additional geographies, as well as aggressively expand R&D.

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Analytics Big Data Data Integration Enterprise Software Information Technology Management Information Systems North America SaaS

Rivery raises $16M to help enterprises manage and transform data

– Rivery, a data management platform geared toward enterprises, today closed a $16m series A round, bringing its total raised to date to over $22m.
– The company says the funds will be put toward expanding the size of its workforce and growing its international footprint.
– Enterprise data collection is expected to increase substantially over the next few years, but a chunk of data remains unleveraged, due to challenges in management and security.
– A Forrester survey found that between 60% and 73% of all data within corporations is never analyzed for insights or larger trends, while a separate Veritas report found that 52% of all information stored by organizations is of unknown value.

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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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Analytics FinTech Management Information Systems North America Software

OpenComp closes a $4.6M Seed Round of Funding to Help Companies Get Compensation Right with Powerful Cloud Platform

– OpenComp announced a successful close of a $4.6 seed round to support customer growth, led by TIME Ventures (the investment fund for Marc Benioff), Ev Williams from Medium, and early executives from Dropbox, Salesforce and Twitter.
– Since its soft launch in January, more than 580 companies have signed up for the cloud-based platform which helps companies develop winning compensation strategies.
– Thanh Nguyen, co-founder and CEO, OpenComp said: “People are a company’s greatest asset which is why it’s so critical to compensate employees fairly and judiciously. And yet, compensation planning continues to be an ad-hoc exercise for many growth companies due to lack of priority, time and access to quality benchmark data or expertise.”

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Data Integration Enterprise Software Human Resources Management Information Systems North America SaaS

Ally raises $50M as remote work drives demand for goal-setting collaboration software

– Ally, a goal-setting collaboration software, raised $50m funding.
– The round was led by Green Oaks Capital, Tiger Global, and Madrona Venture Group.
– Total funding to date is $76m since the company’s launch in 2018 and two previous rounds raised in 2019.
– The company helps companies track and hit their goals, or Objectives and Key Results (OKR).
– Customers include brands such as Dropbox, Nike, Overstock.com and others.

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Data Integration Enterprise Software Human Resources Management Information Systems North America SaaS

Ally.io raises $50 million to help businesses adhere to OKR-based goals

– Ally.io, a platform that helps enterprises develop and track their objectives and key results (OKRs), has raised $50 million in a series C round of funding led by Greenoaks Capital.
– Founded in 2017, Seattle-based Ally.io targets management, teams, and individuals with software designed to give them visibility into the whole work process, joining the dots between tasks and broader company objectives.
– Ally.io had previously raised $23 million, and with another $50 million in the bank, the company is well-financed to build on momentum it said has boosted its revenues by more than threefold over the past year and allowed it to amass a roster of high-profile customers, including Dropbox, Nike, and Slack.

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Document Management Management Information Systems North America Productivity Tools SaaS

airSlate Secures $50 Million from Silicon Valley Bank

– airSlate secures $50m in debt financing from Silicon Valley Bank for a total of $130m in capital raised to date.
Silicon Valley Bank‘s technology banking team is excited to support breakout companies like airSlate through their next phase of growth.
– airSlate enables non-technical users to digitally transform their front and back-office business processes, including employee and customer onboarding, sales and ordering workflows, and contracts and payments.
– More than 600,000 customers worldwide and 25 million users have realized significant improvements in the delivery and effectiveness of their departments with airSlate’s solutions.
– airSlate’s no-code business automation platform is creating valuable workflow solutions for small and mid-sized businesses across verticals.

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Document Management Management Information Systems North America Productivity Tools SaaS

AirSlate raises $50 million more to automate enterprise workflows

– AirSlate has raised $50m in debt financing from Silicon Valley Bank.
– The capital comes after a $40m round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130m.
– 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-size enterprises are expected to adopt business workflow automation at scale, creating a market opportunity of more than $1.6bn between 2017 and 2026.
– AirSlate launched its first product — a PDF editor — in 2008.

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