Archives

Honda, GM, And Cruise Planning To Launch Driverless Ride Service In Japan

By Dan Anderson ● Oct 19, 2023

Honda Motor announced it is planning to set up a joint venture with General Motors and Cruise to start a driverless ride service in Japan in early 2026. The three companies are planning to launch the joint venture in the first half of 2024, assuming regulatory approval.

SYN Ventures: Cybersecurity Seed Fund Launches At Over $75 Million

By Amit Chowdhry ● Oct 19, 2023

SYN Ventures - the only VC firm founded and led exclusively by former Fortune 500 CISOs and C-level security leaders with over $600 million of assets under management (AUM) - announced the first closing of its dedicated cybersecurity seed fund with over $75 million, the largest cyber seed dedicated fund domiciled in the United States. The firm also expects to do a final close later this quarter.

Snappy: Restaurant Management Company Raises Series A Funding Round

By Dan Anderson ● Oct 19, 2023

Snappy - a Canadian all-in-one restaurant management Software-as-a-Service (SaaS) company - recently announced closing an oversubscribed Series A funding round. The funding round - led by Texas-based Golden Section Ventures - follows an investment by Celtic House Venture Partners and Celtic House Asia Partners in 2021.

Netflix Increases Prices As Subscriber Count Rises

By Noah Long ● Oct 19, 2023

Netflix announced it is increasing the prices for some customers while also reporting an increase in its subscriber base.

SHINE Technologies: Fusion Technology Company Raises $70 Million

By Noah Long ● Oct 19, 2023

SHINE Technologies - a next-generation fusion technology company - recently announced it has raised $70 million in additional funding. The funding round was led by existing investors, including Baillie Gifford and Fidelity Management & Research Company, and also included participation from new institutional investors. This funding round will complete the commercialization and scale-up of the company's near-term applications of fusion technology, which are used in the industrial, defense, and healthcare markets.

Prophecy: Self-Service Data Transformation Company Secures $35 Million

By Annie Baker ● Oct 19, 2023

Prophecy - a leading self-service data transformation platform - recently announced a $35 million Series B funding round led by Insight Partners and SignalFire with J.P. Morgan as a major investor. The new funding round catapults the company’s total funding to $67 million. The funding round included participants from new investors, Singtel Innov8, Databricks Ventures, and DallasVC.

Auquan: Financial Services Company Raises $3.5 Million

By Noah Long ● Oct 19, 2023

Auquan - an AI innovator for financial services - recently announced the closing of its $3.5 million seed round, led by early-stage investor Neotribe Ventures. The company also announced its Auquan Intelligence Engine, powered by retrieval augmented generation (RAG) AI. The company's SaaS-based product helps customers like UBS and Federated Hermes extract intelligence from the world’s unstructured data to power business due diligence, research, compliance, and risk monitoring.

Zygon: Cybersecurity Solutions Company Secures $3 Million

By Noah Long ● Oct 19, 2023

Zygon - a cybersecurity solution for protecting enterprises from the risks brought by the uncontrolled spread of SaaS applications among their teams - recently announced a $3 million seed round and the public release of their solution. The fully subscribed round was led by Axeleo Capital and includes Kima Ventures and multiple world-class cybersecurity angel investors.

Outstaffer: HR Tech Platform Company Secures $1.5 Million

By Annie Baker ● Oct 19, 2023

Digital Identity Solutions Company Prove Identity Closes $40 Million

By Noah Long ● Oct 19, 2023

Prove Identity - a global leader in digital identity solutions - recently announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures. This new funding - supported by more than 40% new international customer growth year to date - also reinforces Prove’s position as the global leader in the digital identity verification and authentication market.

Clockwork: Self-Care Robotics Company Raises Over $5.6 Million

By Dan Anderson ● Oct 19, 2023

Clockwork - a pioneering self-care robotics company - recently announced the launch of its investment round on Wefunder - inviting the general public to join the venture transforming the $1.5 trillion self-care industry. With $5.6 million raised from prominent investors, Clockwork launched a community investment round to the public led by Arash Ferdowski, Dropbox Co-Founder and former CTO.

Perch Energy: Clean Energy Platform Company Raises $30 Million From Nuveen

By Annie Baker ● Oct 19, 2023

Perch Energy - a clean energy technology platform and community solar servicer that connects solar developers with consumers - recently announced a $30 million investment from Nuveen, the $1.1 trillion asset manager of TIAA and one of the world’s largest real estate investment managers.

CIONIC: Neurotech Company Raises $12 Million In Round Led By L Catterton

By Noah Long ● Oct 19, 2023

CIONIC - a pioneering neurotech company that created the FDA-cleared Cionic Neural Sleeve - recently announced an additional $12 million extension of its Series A financing, bringing the Series A total to $25 million. This funding round was led by L Catterton, a leading consumer-focused investment firm and joined by new investor THVC, and all major investors. Plus, CIONIC has also partnered with Enable Ventures - the first impact venture fund dedicated to closing the disability wealth gap while achieving competitive, market-rate returns.

Matic: Embedded Insurtech Platform Company Secures $20 Million

By Dan Anderson ● Oct 19, 2023

Matic - a leading embedded insurtech platform - recently announced it raised $20 million to extend its Series B. This funding round includes $17 million in Series B equity co-led by IA Capital Group and Cultivation Capital with participation from existing investors and the majority led by new investors, including Intuit Ventures, TruStage Ventures, and Assurity Ventures. At the same time, Matic upsized its credit facility by $3 million, bringing new liquidity to $20 million.

Pickle: Peer-To-Peer Rental Marketplace Company Lands $8 Million In Funding

By Amit Chowdhry ● Oct 19, 2023

Pickle - a peer-to-peer rental marketplace making local closets shareable on demand - recently announced that it has secured $8 million in seed funding. This funding round was co-led by FirstMark Capital and Craft Ventures with participation from Burst Capital.

P3 Technologies: $10 Million Raised And Pet Pharmacy Acquired

By Annie Baker ● Oct 19, 2023

P3 Technologies (P3T) - a leading pet health technology and solutions provider - recently announced the successful closure of a substantial $10 million investment round and the strategic acquisition of a leading veterinary pharmacy, which marks a significant milestone in the company's growth and expansion strategy.

Gero: $6 Million Raised To Mitigate Burden Of Age-Related Illnesses

By Annie Baker ● Oct 18, 2023

Gero - a biotechnology company focused on aging and chronic diseases - announced that it has closed $6 million in a Series A extension round. This funding round positions the company to continue internal drug development programs, grow its scientific team to boost platform technology development, and expand its US presence.