FINTECH company MatchMove said it is receiving a US$100 million strategic investment from US-headquartered IT services group Nityo Infotech Corp at a US$600 million post-money valuation, which will make Nityo the startup’s largest shareholder.
Breinify is a startup working to apply data science to personalization, and do it in a way that makes it accessible to nontechnical marketing employees to build more meaningful customer experiences. The company announced a funding round totaling $11 million.
The investment was led by Gutbrain Ventures and PBJ Capital with participation from Streamlined Ventures, CXO Fund, Amino Capital, Startup Capital Ventures and Sterling Road.
Breinify co-founder and CEO Diane Keng says that she and co-founder and CTO Philipp Meisen started the company to bring predictive personalization based on data science to marketers with the goal of helping them improve a customer’s experience by personalizing messages tailored to individual tastes.
Gappify, Inc. (“Gappify”), a provider of digital workers for the accounting enterprise, today announced that it has completed a financing round led by Stage 2 Capital. As part of the transaction, Stage 2 Capital Managing Partner, Jay Po, will join Gappify’s Board of Directors.
Gappify, whose team consists of former accountants and KPMG auditors, will use the funding to invest in new product development and accelerate sales and marketing efforts.
“Gappify is excited to build innovative, industry-leading products that help corporate accountants close their books faster and in a compliant and efficient manner,” said Jotham Ty, CEO and founder of Gappify. “This investment will enable our team to develop autonomous solutions for more processes within the Controllership, and provide our customers an enhanced experience with robust capabilities and deep system integrations.”
“We were impressed with Gappify’s vision for modernizing the accounting profession,” added Stage 2 Capital’s Jay Po. “With more CFOs prioritizing efficiencies and compliance in their accounting organization, we see an enormous opportunity to partner with Gappify to accelerate digital transformation efforts and create immediate value for the Controllership function.”
Other participants in the financing round include SaaS Ventures, Manila Angel Investor Network, Pasudeco Investment Management Corporation, Overtime.vc, and former Oracle CFO Jeff Epstein.
Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the U.S. VC/PE firm Insight Partners.
Germany’s Endeit Capital participated as a co-investor, alongside existing investors Capnamic Ventures and coparion. ParcelLab last raised an undisclosed Series B in October 2019. The new funding will feed into parcelLab’s global expansion plans and new product development.
Founded in 2015 by Tobias Buxhoidt (CEO), Julian Krenge (CTO) and Anton Eder (COO), the startup has managed to bag such customers as Lidl, to which it provides automated personalized shipping messages. This means that as much as 85% of Lidl customers return to its website.
It also works with Ikea and Farfetch to increase basket sizes and email open rates of — it claims — over 90%, 25% reductions in WISMO (where is my order) and increases of customer reviews.
In a statement, Tobias Buxhoidt, CEO and founder of parcelLab, said: “As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth. Identifying opportunities to further connect with people and build a better, stronger relationship is a key differentiator.”
Israeli startup Pecan AI, the business-ready predictive analytics company announced on Wednesday it raised $35 million in new funding to “equip both commercial analysts and business stakeholders with the power of predictive AI,” the company said in a statement.
The round was led by global investor GGV Capital with participation from Vintage as well as existing investors Dell Technologies Capital, S-Capital, and Mindset.
This round brings the company’s total financing to more than $50 million.
This Series B will allow Pecan to expand its operations globally and continue to help organizations accelerate the adoption of AI and advanced analytics.
“Pecan was designed to drive business value from AI. In one intuitive platform, analysts and business stakeholders can obtain actionable insights and see outputs in a matter of days after adding their raw data — helping companies evolve from BI to AI,” said Zohar Bronfman, CEO and co-founder at Pecan, “We have seen tremendous uptake from organizations of all sizes, and are looking forward to expanding globally and bringing real business value to our customers.”
The business world knows that AI will somehow power the next revolution in analytics. But rollouts of AI have been slow, and there is a gap estimated in the dozens of billions of dollars between the potential of AI and businesses’ ability to implement and deploy complex models. Pecan “democratizes data science and AI” by putting the power of predictive modeling in the hands of business analysts with a platform that models its straightforwardness after classic BI.
BigID — a leader in data discovery and intelligence for privacy, protection and perspective — announced a $30 million investment from Advent International, extending the company’s $70 million Series D financing raised in December 2020. And BigID has raised $200 million over 4 rounds since September 2019. This latest funding round brings BigID’s valuation to $1.25 billion.
The pandemic accelerated all automation and digital transformation programs by several years as companies recognize the importance of innovating, placing increased pressure on IT leaders to deliver digital initiatives and overcome issues such as data silos. And BigID’s platform reimagines data management for enterprises, combining machine learning-based classification, cataloging, correlation, and cluster analysis to help companies better understand, protect, and derive value from their data. This funding will help BigID expand globally, boost its go-to-market efforts and advance product development in the areas of data privacy, security, and governance.
Advent International is joining BigID’s existing investors including Salesforce Ventures, Tiger Global Management, Glynn Capital, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures.
LiveEO, a German-based Earth Observation asset monitoring technology start-up, has secured €5.25 million ($6.35 million) in funding to expand its operations globally.
The Series A investment has been secured from venture capital firms btov Partners, Helen Ventures, DvH Ventures, and Motu Ventures as well as from deep technology investor Andreas Kupke.
Daniel Seidel, co-founder of LiveEO, said: “This funding round is a huge milestone for LiveEO. Over the last 3 years we’ve built up a unique technology stack to analyze earth observation data at scale and we now can realize many new revolutionary features on the basis of this tech backbone.”
LiveEO combines data acquired from satellite imagery and from other sources and then uses artificial intelligence to analyse the data to monitor critical infrastructures such as railways, electricity grids and pipelines.
The startup has plans to introduce their technology in other sectors including construction, mining, insurance, forestry, agriculture and finance.
Digital mental health platform SilverCloud Health, with headquarters in Boston, Dublin and London is making its services available to users nationwide through Ireland’s Health Service Executive (HSE).
In 2018, the company partnered with the HSE on a pilot programme to offer online psychological tools for depression and anxiety to primary care psychological services and now plans to expand these services in Ireland.
WHY IT MATTERS
The platform provides evidence-based clinical content, programmes and support for users struggling with their mental health and chronic illness.
A study by the NHS into SilverCloud showed a 50% reduction in symptoms following eight weeks of sessions and improvement in 27% of cases.
The service will also open up referrals from a larger pool of sources, including GPs and Jigsaw, the national centre for youth mental health. SilverCloud’s mental health services are used by 650,000 people globally, acquiring 30,000 new users every month and providing more than 40% of all NHS mental health services.
This surge is in part due to an increase of people seeking support with their mental health during the COVID-19 crisis.
SilverCloud has raised more than €25.5 million from investors to date. In April 2020, the company raised $16 million (€13.6m) in Series B funding to expand into all 50 US states.
Meanwhile, London-based AI digital therapy service HelloSelf raised £5.5 million in Series A funding to expand mental health provisions for post-pandemic Britain.
WeGift, a London, UK-based company providing the infrastructure for the incentives economy, closed a $12m funding round.
The round was led by AlbionVC with participation from new investor CommerzVentures, as well as Stride.VC, SAP.iO Fund, and Unilever Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Founder and CEO Aron Alexander, WeGift provides a cloud-based platform and open API solution serving a broad set of needs for medium and enterprise businesses, including acquisition, retention, recognition, and reimbursements. Operating in more than 30 countries, and dozens of languages and currencies, the company’s digital payouts platform and open API solution is directly integrated into every brand on its platform, offering corporate buyers a global network with direct access to more than 700 brands. Habito, Perkbox, Seated, Sodexo, Vodafone, and Vouchercodes all use WeGift’s to digitally engage their audiences.
Deepgram, a Y Combinator graduate building custom speech recognition models, today announced that it raised $25 million in series B funding led by Tiger Global. CEO and cofounder Scott Stephenson says the proceeds will bolster the development of Deepgram’s platform, which enables enterprises to process meetings, calls, and presentations in real time.
The voice and speech recognition tech market is anticipated to be worth $31.82 billion by 2025, driven by new applications in the banking, health care, and automotive industries. In fact, it’s estimated that one in five people in the U.S. interact with a smart speaker on a daily basis and that the share of Google searches conducted by voice in the country recently surpassed 30%.
Atlanta, Georgia-based Verusen, a startup leveraging AI to build a connected supply chain, today raised $8 million in a series A round co-led by Forte Ventures and Flyover Capital. The company says it will put the funds toward R&D as it expands the size of its workforce.
A recent PricewaterhouseCoopers report anticipated that companies would have to address the implications of their supply chains in regions affected by the coronavirus. For instance, they might have to secure future air transportation as supply and capacity become available or buy ahead to procure much-needed inventory and raw materials.
Procurement software company Archlet offering an AI-based strategic sourcing platform, today announces that it has completed a $2.8 million oversubscribed seed round led by Munich-based Senovo and Berlin-based La Famiglia. The funds will fuel growth and allow the startup to democratize data-based decision making in strategic sourcing.
Alongside Senovo and La Famiglia are further investors including Nicolaus Schefenacker, David Nothacker and Julius Köhler, the founders of unicorn start-up sennder. Existing investors Wingman Ventures, Flavio Pfaffhauser (Founder of Beekeeper) and Karin Hagen-Gierer (Chief Procurement Officer at Ardagh Group) also participated in the round.
The capital will enable Archlet to address supply chain challenges as companies are under increasing pressure to create bottom-line savings through their procurement departments while also incorporating non-price parameters in order to diversify risks, increase sustainability and improve supplier diversity. This pressure was greater than ever in 2020 when global supply chains were put under unprecedented stress due to the global pandemic crisis. Existing sourcing software solutions are mainly focused on simple price analysis, and they are complicated to use, making sourcing a tedious experience for company buyers.
MANTA, a unified data lineage platform provider, has announced the close of a $13 million funding round led by Bessemer Venture Partners, accompanied by SAP.iO Fund, German VC fund Senovo, and Czech VC fund Credo Ventures.
MANTA’s platform pioneers the data management market, providing users with a fully automated lineage solution that helps them understand journeys and dependencies between data assets across the company’s entire system. Thanks to automation, the platform augments an organization’s data management and gives its users immediate and in-depth visibility into the state of their environment by drawing a clear, yet detailed map of all of their data flows and connections. This enables users to assign context to the assets that they are working with, accelerate development, speed up modernization processes, ensure data quality and security, and boosts governance efforts. The detailed and accurate visual presentation of the sources that data comes from, where it is flowing in the environment, and what happens to it along the way is being generated by connecting to the technology sources, downloading the programming code from there, and analyzing it in an automated way.
MANTA, a unified data lineage platform provider, has announced the close of a $13 million Series A1 funding round led by Bessemer Venture Partners, accompanied by SAP.iO fund, German VC fund Senovo, and Czech VC fund Credo Ventures to redefine data management with automation.
MANTA’s platform pioneers the data management market, providing users with a fully automated lineage solution that helps them understand journeys and dependencies between data assets across the company’s entire system. Thanks to automation, the platform augments an organization’s data management and gives its users immediate and in-depth visibility into the state of their environment by drawing a clear, yet detailed, map of all of their data flows and connections. This enables users to assign context to the assets that they are working with, accelerate development, speed up modernization processes, ensure data quality and security, and boost governance efforts. The detailed and accurate visual presentation of the sources that data comes from, where it is flowing in the environment, and what happens to it along the way is being generated by connecting to the technology sources, downloading the programming code from there, and analyzing it in an automated way.
Dresden, Germany-based Wandelbots — a startup dedicated to making it easier for non-programmers to “teach” industrial robots how to do specific tasks — has raised a $30 million Series B funding round led by 83North, with participation from Next47 and Microsoft’s M12 venture funding arm.
Wandelbots will use the funding to help it speed the market debut of its TracePen, a hand-held, code-free device that allows human operators to quickly and easily demonstrate desired behavior for industrial robots to mimic. Programming robots to perform specific tasks typically requires massive amounts of code, as well as programmers with very specific, in-demand skill sets to accomplish. Wandelbots wants to make it as easy as simply showing a robot what it is you want it to do — and then showing it a different set of behaviors should you need to reprogram it to accomplish a new task or fill in for a different part of the assembly line.