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Artificial Intelligence Enterprise Software Machine Learning Natural Language Processing North America PaaS Software

AI startup Sorcero secures $10M for language intelligence platform

– Sorcero, a natural language processing platform, raised $10m in Series A funding.
– The round was led by CityRock Venture Partners, the growth fund of H/L Ventures, and Harmonix Fund co-led the round and were joined by new investors Rackhouse, Mighty Capital and Leawood VC, as well as existing investors, Castor Ventures and WorldQuant Ventures.
– The company plans to invest in talent in both engineering and on the commercial side.

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Apps Developer Platform Information Technology Internet North America PaaS SaaS Software

Rafay Systems Raises $25M in Series B Funding

– Rafay Systems from Sunnyvale develops a platform for Kubernetes Operations.
– Series B funding $25m brings company valuation to more than $100m.
– The round was led by ForgePoint Capital with participation from existing investors Ridge Ventures, Costanoa Ventures and Moment Ventures.
– The new investment will be aimed at hiring engineers and growing sales, marketing and customer success teams.

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Cloud Computing Enterprise Software Information Technology North America PaaS

Nirmata Secures $4M in Pre-Series A Funding

– Nirmata is a software solutions provider for governance, compliance, security, and automation of production Kubernetes workloads and clusters.
– The company raised $4.0m in pre-series A funding.
– The round was led by Z5 Capital with participation from Uncorrelated Ventures, Samsung Next, Benhamou Global Ventures (BGV) and angel investors Saqib Syed and BV Jagadeesh.
– The new investment will be used to accelerate the company’s growth and development of Kyverno.

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North America PaaS Property Management Real Estate SaaS Software

Entrata Raises $507M in Funding

– Entrata is a multifamily industry’s technology platform.
– The company raised $507m in funding led by Silver Lake, Qualtrics Founder Ryan Smith and Vivint Smart Home Founder Todd Pedersen with participation from Dragoneer, Domo Founder and CEO Josh James and other strategic investors.
– The new investment will be used to more than double its research and development spend in the platform in the coming years, adopt a go-to-market strategy including international expansion planned in the near future, and invest in personnel and improve efficiencies in the client experience.

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Apps Cloud Infrastructure Developer Tools Information Technology North America Open Source PaaS Software

Ex-Google and Amazon engineers raise $5M to help developers test and fix software bugs

– Seattle startup YourBase landed a $5m seed led by Lightspeed Venture Partners.
– The 3-year-old company sells software that helps developers run tests on their codebase.
Unusual Ventures and Fathom Capital joined Lightseed for the round.
– The startup uses its “Code Dependency Graph” that automates the test selection processes for large, complex databases.
– YourBase has more than a dozen customers in its private beta, including some public companies.

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Developer APIs Enterprise Software Information Technology Messaging North America PaaS SMS Telecommunications Unified Communications VoIP

CPaaS Frontrunner IntelePeer Secures $110M in New Funding Bringing 18 Month Total to over $170M

– IntelePeer is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth.
– The new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.
– IntelePeer was recently named a major player in IDC’s IDC MarketScape: Worldwide Communications Platform as a Service 2021 Vendor Assessment.

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Cloud Computing Developer Tools Information Technology North America PaaS Productivity Tools SaaS

CircleCI: $100 Million Funding And $1.7 Billion Valuation

– CircleCI is a continuous integration and continuous delivery (CI/CD) platform.
– The company raised $100m in Series F funding.
Greenspring Associates led the round with participation from Eleven Prime, IVP, Sapphire Ventures, Top Tier Capital Partners, Baseline Ventures, Threshold Ventures, Scale Venture Partners, Owl Rock Capital, and Next Equity Partners.
– Stacey Epstein will also join CircleCI’s board of directors.

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Cyber Security Enterprise Applications Enterprise Software Fraud Detection North America PaaS Risk Management Security

SpecTrust raises millions to fight cybercrime with its no-code platform

– Risk defense startup SpecTrust is emerging from stealth with a $4.3m seed raise and a public launch.
– The company aims to “fix the economics of fighting fraud” with a no-code platform that it says cuts 90% of a business’ risk infrastructure spend that responds to threats in “minutes instead of months.”
– Since the San Jose, California-based startup’s offering is deployed on the internet, between a website or app and its users, an organization gets fraud protection without draining the resources of its engineers, the company says.
– Fintech and crypto companies are feeling the biggest impacts, as legacy software designed for big banks, for example, can be slow and expensive, said Kharrl.

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B2B Blockchain Enterprise Software North America PaaS Software

BlockSpaces Bags $1.2M Seed Funding

– BlockSpaces from Tampa has raised $1.2m in a seed round.
Leadout Capital led the round; and Brighter Capital, as well as Tampa-based BlockFund Ventures, also participated.

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Analytics Cloud Infrastructure Data Integration Information Technology North America PaaS SaaS

Distributed Data And Code Sharing Platform Vendia Raises $15.5 Million

– Vendia is a serverless, distributed data and code sharing platform.
– The company raised $15.5m in Series A funding.
Canvas Ventures led the round and was joined by BMW i Ventures, Sorenson Ventures, and Vendia’s seed stage investors.
– Vendia is now open to all developers at no cost.

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Developer Tools Enterprise Software Mobile Mobile Apps North America PaaS SaaS Software Web Development

OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation

– OutSystems, the leading modern application platform, today announced a $150 million capital raise.
– The round, co-led by Abdiel Capital and Tiger Global, values OutSystems at $9.5 billion.
– The funding will be used to expand investments in its R&D and GTM strategy.
– OutSystems was founded to give every organization the power to innovate through software.
– Using the OutSystems platform, businesses of all sizes can develop, deploy and manage critical apps at speed—enabling them to respond to market opportunities and continuously deliver value through software-driven innovation.
– OutSystems makes this possible by combining extraordinarily fast, visual, model-driven development with a modern platform built around AI, cloud, DevOps, and security.

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