Edge Impulse Raises $15M in Series A Funding
– Edge Impulse, a San Jose, Calif.-based development platform for machine learning (ML) on edge devices, closed a $15m Series A funding.
– The round was led by Canaan Partners with participation from Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory.
– The company intends to use the funds to continue to expand operations and its business reach.
No-code app development platform Adalo nabs $8M
– Adalo (formerly Foundry), a no-code environment for building cross-platform mobile and web apps, announced that it closed an $8 million series A round led by Tiger Global with participation from Oceans Ventures and OldSlip Group.
– The company plans to put the round toward product development and hiring, according to cofounder and CEO David Adkin, as well as supporting its go-to-market efforts.
– According to one estimate, only 0.3% of the general population has the skillset to create apps. This means that the majority of people — including small business owners and nonprofits — have had to outsource app development, which is costly and time-consuming.
Honorlock Raises $25M as Demand for Remote Learning Grows
– Honorlock announced it has raised $25m Series B funding led by Owl Ventures with participation from Defy Partners, Arsenal Growth and existing investors to further accelerate growth and enter new markets.
– Just one year ago, Honorlock raised $11.5m Series A funding to accelerate technology investments and talent aimed at supporting its quick ascent to exclusively serve top higher education institutions across the world.
– Honorlock’s AI plus human-touch proctoring platform enables academic institutions and organizations that provide customer and partner education to offer remote assessments while protecting exam integrity and creating a fair and equitable environment for learners.
– Demand accelerated during the pandemic when schools and businesses closed their doors and remote learning became the new norm for college students and workers seeking professional development and certifications.
DepositLink Raises $3.5 Million Seed Round to Manage Growth and Expand its Payments Platform for Residential Real Estate
– DepositLink announced a successful Series Seed financing round of $3.5m.
– The capital raise will bolster the company’s sales team, enhance technology, and boost infrastructure to accelerate marketplace adoption and the company’s development roadmap.
– DepositLink is a mobile responsive payments platform that is revolutionizing the way money moves in the residential real estate business.
Jungle Scout raises $110M, acquires Downstream Impact to help 3rd parties sell on marketplaces like Amazon
– Austin-based company Jungle Scout raised $110m in equity funding.
– The round was led by Summit Partners, with Mercer himself also contributing.
– The company plans to use the funding to make an acquisition and to continue growing its business.
– It is not clear how much Jungle Scout has raised to date.
Rows Raises $16M in Series B Funding
– Rows.com (previously dashdash) is a cloud platform-based spreadsheet for developing business tools.
– Company raised $16m in Series B funding.
– The round was led by Lakestar with participation from Accel and Cherry Ventures, as well as new angel investor Christian Reber, CEO of Pitch, who joined the Advisory Board.
– The company intends to use the funds to expand operations and to build out functionality.
eFuse Raises $6M in Funding
– eFuse is a Columbus, OH-based startup operating the “LinkedIn for gamers.
– Company raised $6m in funding.
– The round was led by Ohio Innovation Fund with participation from: Seth Curry (Philadelphia 76ers, NBA), Denzel Ward (Cleveland Browns, NFL), Ezekiel Elliott (Dallas Cowboys, NFL), and Chase Winovich (New England Patriots, NFL).
– The new investment will be used to expand the platform and continue to grow its community of gamers.
Sentry Grabs $60M Series D Financing
– Sentry, the leader in application monitoring, has raised $60m in Series D funding.
– The round was led by its first capital investor, Accel, with participation from existing investor New Enterprise Associates (NEA) and new investor, BOND.
– Accel was the first investor in Sentry, leading its seed round in 2015 and it has increased its stake in every subsequent round.
Reflaunt Raises $2.7 Million From Luxury Industry Leaders, Led by MadaLuxe Group
– Reflaunt Raises $2.7 Million From Luxury Industry Leaders, Led by MadaLuxe Group
– Reflaunt, a disruptive Resale-as-a-Service (RaaS) technology company empowering global fashion brands to embrace circularity, today announced that it has secured $2.7 million in pre-Series A funding, led by the investment arm of MadaLuxe Group, a leading worldwide distributor of luxury fashion.
– Participating investors include former Jimmy Choo CEO and Coty Senior Advisor Pierre Denis, Ganni founder and former CEO Nicolaj Reffstrup, Textile Innovation Fund, Piquadro, Bluebell Group and sustainable fashion accelerator Fashion For Good.
Zencastr raises $4.6M as its beta video offering goes live for all
– Zencastr, a podcasting startup, raised $4.6m in funding.
– The round was led by Upfront Ventures and joined by Greycroft, Lerer Hippeau, and others.
– The company plans to use the funding to expand its team and develop new features.
