Category startups Page 6 of 8
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Fintech Unicorn SumUp Raises $307 Million to Power Through Economic Headwinds
London-based fintech startup SumUp announced this week that it has secured €285 million ($307 million) in new funding. The round was led by Sixth Street Growth, with participation from previous backers Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group.
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W4 Games raises $15 million Series A to make open source games
W4 Games, a leading provider of products and services for the open-source Godot game engine, today announced it has raised $15 million in Series A funding. The round was led by OSS Capital, with participation from Naval Ravikant (Founder of AngelList), Justin Hoffman (Ex Elastic), Larry Augustin (Ex SugarCRM), Alex Atallah (Co-founder OpenSea), Thomas Dohmke (CEO GitHub), Diogo Mónica (Founder Anchorage Digital), Scott Williamson (Ex GitLab), and other notable founders and executives.
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D2iQ Shutdown & Acquired by Nutanix
The infrastructure-as-a-service industry continues to face significant headwinds, as evidenced by the recent shut down of D2iQ. Formerly known as Mesosphere, D2iQ raised $250 million in venture funding to become a leading provider of Kubernetes and cloud native technologies. However, despite its promising technology and funding, the company has become the latest venture-backed startup to dissolve.
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Paris Contract Software Tomorro Raises €11M To Streamline Workflows
Paris-based legaltech startup Tomorro has secured €11 million in fresh funding to accelerate development of its contract lifecycle management platform. The Series A round was led by French VC Resonance with participation from Financière Saint James, Motier Ventures and existing backer HenQ.
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Indian AI Startup Sarvam Secures $41M to Build Local Generative Models
Bengaluru-based artificial intelligence startup Sarvam AI has emerged from stealth after 5 months, revealing $41 million in seed and Series A funding to construct a suite of generative AI services tailored for India. The funding was led by Lightspeed and Peak XV Partners across both rounds (Singh, 2023).
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Email Software Startup ContactMonkey Lands $55M To Expand Internal Comms Platform
Toronto-based ContactMonkey, a platform for managing and tracking internal company communications via email and other channels, has raised $55 million in Series A funding to accelerate growth amid rising demand. The sizable round was led by Updata Partners.
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VAST Data Secures $118 Million in Funding, Nearly Triples Valuation to $9 Billion
Data platform startup VAST Data made waves this week with the announcement of $118 million in Series E funding. The round, led by Fidelity Management & Research Company with participation from NEA, BOND Capital, and Drive Capital, values the company at a whopping $9.1 billion – nearly triple its previous valuation.
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Liquid AI Scores $37.6M to Commercialize Cutting-Edge AI Models
Liquid AI, a startup building a new class of adaptable artificial intelligence models, has raised $37.6 million in seed funding to bring its technology to market. The round, led by top VC firms OSS Capital and PagsGroup, values Liquid AI at $303 million pre-money.
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Sustainable Building Materials Startup Strong by Form Raises €4.8M
Strong by Form, a leading bio-composite tech company, recently closed a €4.8 million seed funding round to scale its revolutionary Woodflow material. Offering a sustainable alternative to concrete and steel, Woodflow brings together nature and technology for structural solutions with a superb strength-to-weight ratio. With scalable manufacturing and wide applicability, the product promises to transform construction and other massive industries.
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Data Privacy Startup Mine Raises $30 Million in Series B Funding
Mine, an innovative data privacy and governance platform, announced today it has secured $30 million in Series B financing led by Battery Ventures. Significant additional investments were provided by PayPal Ventures, Nationwide Ventures, and all previous backers. The company will leverage the new capital to scale its B2B data management product MineOS.