Wednesday, 2/21/2024 : VC Funded Companies

Massive Fundings

Clumio, a seven-year-old startup based in Santa Clara, Ca., that offers a service for protecting data stored in cloud environments like AWS from threats such as cyberattacks and operational disruptions, raised a $75 million Series D round. Sutter Hill Ventures was the lead investor, while Index Ventures, Altimeter Capital, and NewView Capital also took part. TechCrunch has more here.

Clumio, a seven-year-old startup headquartered in Santa Clara, California, provides a service for safeguarding data stored in cloud environments such as AWS from threats like cyberattacks and operational disruptions. The company recently secured a $75 million Series D funding round, led by Sutter Hill Ventures and joined by Index Ventures, Altimeter Capital, and NewView Capital. For more details, please visit TechCrunch.

The Italian startup, MMI, based in Pisa, Italy, and founded nine years ago, specializes in developing robotic technology for microsurgery. The company recently secured $110 million in a Series C funding round.  Fidelity led the round, with additional participation from previous investors, including Deerfield Management, Wellington Partners, BioStar Capital, RA Capital Management, Andera Partners, Fountain Healthcare Partners, Panakès Partners, and Sambatech. For further details, please refer to the Fierce Biotech article.

Monzo, a nine-year-old London neobank, is in the market to raise up to £350 million at a £4 billion valuation. The deal lead is reportedly CapitalG, with Tencent, Ribbit Capital, and HongShan also participating, according to the Financial Times, which has more here.

Monzo, a nine-year-old London-based neobank, is aiming to raise up to £350 million at a valuation of £4 billion. The Financial Times reports that the deal is reportedly being led by CapitalG, with Tencent, Ribbit Capital, and HongShan also participating.

Simetrik, a Bogotá-based startup, recently secured $55 million in a Series B funding round. Founded six years ago, Simetrik's platform automates financial and accounting processes for businesses, streamlining the management and reconciliation of financial records from various sources. The round was led by Goldman Sachs and also included participation from FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, and Mercado Libre Fund. With this latest funding, Simetrik has raised a total of over $85 million. More details are available on TechCrunch.

Get The List in CSV! Access all 250+ Companies that raised VC Funding according to StrictlyVC. Download The List!

Big-But-Not-Crazy-Big Fundings

AZmed, a medical technology startup based in Paris, France, has secured $16.2 million in Series A funding to enhance its AI-powered tool for assisting doctors in detecting fractures on X-rays. The investment round was led by notable investors, including Maison Worms, Techstars, and Tempact Ventures. AZmed aims to revolutionize the field of radiology by providing healthcare professionals with a more efficient and accurate means of diagnosing bone fractures. Stay informed on the latest developments by visiting Tech.eu for additional insights.

Insamo, a Berkeley-based startup, secured $12 million in seed funding to advance its automated drug discovery platform. The platform combines machine learning, robotics, and high-throughput experimentation to identify promising drug candidates efficiently and cost-effectively. Insamo focuses on discovering drugs for challenging diseases where current treatment options are limited or ineffective. The funding will enable Insamo to expand its research, scale up its platform, and advance its drug discovery pipeline. Playground Global, venBio, MRL Ventures Fund, Sahsen Ventures, BEVC, Civilization Ventures, and Axial Ventures participated.

Loora, an AI-powered English tutoring app, secured $12 million in Series A funding to enhance its app. The app utilizes natural language processing and machine learning to provide personalized feedback for improving English speaking skills. The funding will enable Loora to expand its team, technology, and market reach.

Oula, a Brooklyn-based startup founded five years ago, has raised $28 million in a Series B funding round. The company operates a maternity care center that blends traditional obstetric care with midwifery, aiming to provide a more personalized and evidence-based birth experience. The round was co-led by Revolution Ventures and Maverick Ventures, with participation from GV, Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks. Fierce Healthcare has more here.

PermitFlow, a San Jose, California-based construction permitting startup, announced a $31 million Series A funding round led by Kleiner Perkins. The round also saw participation from existing investors Initialized Capital, Y Combinator, Felicis Ventures, and Altos Ventures. Founded three years ago, PermitFlow aims to streamline the construction permitting process, and position itself as the "TurboTax of construction permitting." More details about the funding round are available on TechCrunch. 

Qloo, a 12-year-old New York-based company, has raised $25 million in a Series C funding round led by AI Ventures. The company helps businesses understand and forecast customer preferences across various cultural categories, including movies, music, fashion, and more. AXA Venture Partners, Eldridge, and Moderne Ventures also participated in the round. The company has now raised a total of $60 million. For additional details, visit TechCrunch's website.

Get The List in CSV! Access all 250+ Companies that raised VC Funding according to StrictlyVC. Download The List!

Smaller Fundings

Clairity Technology, a Culver City startup, raised $6.75 million in seed funding to develop a cost-effective method of removing carbon dioxide from the air. Its method uses a solid sorbent to capture carbon dioxide which is then heated to release and store it. The company’s funding will be used to scale up its technology and expand its operations. Clairity Technology’s technology has the potential to contribute to the fight against climate change by reducing greenhouse gas effects.

Device Authority, an eight-year-old Reading, UK-based startup with a platform that manages device permissions, secures data, automates security policies, and maintains compliance standards, has raised a $2 million Series A extension from Mercato Partners. More information is available on Silicon Canals.

EngineEars, a Los Angeles-based startup founded six years ago, recently secured $7.5 million in seed funding. The company operates a marketplace platform that connects music professionals with audio engineers for specific project needs. Drive Capital led the funding round, with additional contributions from Slauson & Co., 645 Ventures, and FLUS Investment Group. For more details, refer to the Music Ally website.

Juniper, a London-based startup founded a year ago, recently secured $1.9 million in pre-seed funding. The startup aims to provide “genital insurance for the workplace.” Gateway led the funding round, with 2100 Ventures, Exceptional Ventures, and Heartfelt participating as well. To learn more, visit Sifted.

Novity, a budding startup based in San Carlos, California, leverages artificial intelligence to predict maintenance requirements for industrial machinery, particularly in the chemicals, oil, and gas industries. The company recently secured $7.8 million in funding, with WERU Investment leading the round. Myriad Venture Partners and Metawater Co. also contributed to the investment. For further information, please refer to SiliconANGLE’s coverage of the event.

Orkes, a technology company that offers tools for handling and organizing workflows across microservices, has secured $20 million in Series A funding. This round was led by Nexus Venture Partners, with prior investors Battery Ventures and Vertex Ventures US also participating. The funds will be used to develop the company’s cloud-based platform, which is designed to make it easier for developers to build and scale applications composed of multiple smaller services. For more information, please visit the TechCrunch website.

SigScalr, a three-year-old Nashua, NH-based startup, has raised $1.8 million in a pre-seed round led by Scribble Ventures. The company provides a platform for monitoring and analyzing the performance of applications by gathering and displaying logs, metrics, and traces in a unified dashboard. WestWave Capital and Forward Slash Capital also contributed to the funding round. For more information, visit BuiltinBoston.

Nashville-based startup UnityAI, which harnesses AI to enhance healthcare settings by streamlining clinical processes and coordinating care team operations, has secured $4 million in seed funding led by Max Ventures. Other notable investors who participated in the round include Whistler Capital Partners, Nashville Capital Network, and Company Ventures. Finsmes has more.

Varhara, a two-year-old Gurugram, India-based company, has raised $8.7 million in funding. The company is an end-to-end developer of carbon credits. It works with thousands of farmers across 700,000 acres in India, Bangladesh, Nepal, and Kenya to generate carbon credits. The funding round was led by RTP Global. For more details, visit the TechCrunch website.

Ziplines Education, a startup founded seven years ago in San Carlos, California, has secured $6.4 million in Series A funding. The company partners with universities to provide online courses in digital marketing, business analytics, project management, and other skills essential for the digital workforce. Jackson Square Ventures led the funding round, with participation from existing investors Wildcat Venture Partners and WGU Labs. More details are available in Forbes.

Get The List in CSV! Access all 250+ Companies that raised VC Funding according to StrictlyVC. Download The List!

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