funding daily

Liqid raises $28 million for adaptive resource management in datacenters

Liqid has raised $28 million for adaptive resource management to improve round-the-clock utilization of computers in datacenters.

The Broomfield, Colorado-based company creates composable datacenter infrastructure solutions and services. The money came from Panorama Point Partners, with participation from Iron Gate Capital and affiliates of DH Capital.

The investment brings the company’s total funding to $50 million. Liqid recently doubled quarter-over-quarter revenue, with record profit and a record number of customers and deployments of its comprehensive composable infrastructure solutions.

Liqid will use the funding to accelerate growth and increase budgets for hiring in operations, sales, marketing, engineering, and other business-critical

Read More

Hive raises $10.6 million to bolster project management with AI

For evidence that the future of work is automated (or at least semi-automated), look no further than startups like New York-based Hive. The productivity platform provider offers solutions from meeting scheduling to task management and project monitoring, and in an effort to lay the groundwork for expansion after quintupling revenue this past year, it’s secured fresh funding.

Hive today revealed that it’s raised $10.6 million in a series A round led by Comcast Ventures, with participation from existing seed investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners. It brings the company’s total raised to $16.7 million

Read More

Angular Ventures is a $41 million early-stage fund for deep tech startups entering the U.S.

A new early-stage venture capital (VC) firm that focuses on European and Israeli “deep tech” enterprise startups eyeing U.S. expansion, has officially closed its inaugural fund.

London-headquartered Angular Ventures, which has additional hubs in Tel Aviv and New York, has announced an “oversubscribed” $41 million institutional seed fund — significantly more than the $25 million it planned to raise according to its filing with the U.S. Security and Exchange Commission (SEC) last year.

Founded in May 2018 by Gil Dibner, an angel investor and former partner at DFJ Esprit, Angular Ventures has invested in 12 startups already since the

Read More

Snapdocs raises $25 million to streamline mortgages with AI

Real estate tech company Snapdocs today revealed that it has raised $25 million in series B funding to further develop its products and platform. Coinciding with the news, the San Francisco-based company announced the opening of a new office in Denver, Colorado. Snapdocs said the new office would serve as a center for a “wide variety” of roles, with an emphasis on engineering and operations.

F-Prime Capital led this latest raise, with participation from Sequoia Capital. (Among previous backers are Y Combinator and SV Angel.) The series B brings Snapdocs’ total raised to around $45 million, following a $15 million

Read More

Intelligent search platform Coveo raises $227 million at a valuation of over $1 billion

Coveo, an enterprise software-as-a-service (SaaS) platform that meshes unified search, analytics, and machine learning to unlock insights contained within big data for businesses, has raised $227 million in a round of funding led by Omers, with participation from Evergreen Coast Capital, FSTQ, and IQ, among others.

The company didn’t reveal its current valuation, except to say it’s now a “unicorn” (valued at over $1 billion), so the figure is likely at least 3 times more than its $370 million valuation last year. Moreover, Coveo revealed that Omers and other existing shareholders now own 15.5% of the company.


Read More

Particle raises $40 million for IoT device management and developer tools

San Francisco-based Particle, which develops what it claims is one of the world’s most popular internet of things (IoT) platforms, today announced that it’s raised $40 million in a series C funding round led by Qualcomm Ventures and Energy Impact Partners. The tranche, which saw participation from Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures, and SOSV and which follows on the heels of a $20 million series B round in July 2017, brings the company’s total capital haul to over $81.3 million.

The capital infusion comes after a year in which revenue grew

Read More

Hiring platform Fountain raises $23 million to double down on automation

Fountain occupies a large niche. The company, which just announced a $23 million funding round, provides a job recruiting and onboarding platform for gig, part-time, and hourly workers. Hiring these kinds of workers presents a different set of challenges from those faced by other job platforms, and Fountain is tapping into automation and machine learning to solve them.

“It’s a high-volume type of recruiting,” said Fountain CEO and cofounder Keith Ryu in an interview with VentureBeat, “high velocity, high turnover, and high unpredictability.”

Applying AI tools to hiring processes is typically tricky because it involves so many factors and requires

Read More

Datameer raises $40 million for data set prep and analysis tools

Datameer, a decade-old San Francisco-based company developing an end-to-end platform for data prep and analytics lifecycle management, today revealed that it’s secured a $40 million funding round led by ST Telemedia (STT). This latest tranche saw contributions from Redpoint Ventures, Kleiner Perkins, Nextworld Capital, Citi Ventures, and Top Tier Capital Partners, and it brings the company’s total venture capital raised to roughly $140 million following a $14.7 million venture series in April 2017 and a $40 million series E in 2015.

CEO Christian Rodatus said the influx of funds will accelerate the development of Neebo, a software as a

Read More

Star Trek: Fleet Command publisher Scopely raises $200 million for acquisitions

Mobile game publisher Scopely has raised $200 million in a fourth round of funding so that it can have a war chest for acquisitions and investments.

Scopely said it is profitable and growing, but it will use the money to accelerate its merger and acquisition (M&A) and investment strategy, expanding its portfolio of games across new genres and intellectual property. The deal values the company at more than $1.7 billion, more than double compared to a year ago.

NewView Capital led the round, with participation from Black Rock, Canada Pension Plan Investment Board (CPPIB) and Baillie Gifford, among others. Existing

Read More

Incode raises $10 million to verify identities with AI

Incode, a San Francisco startup developing what it describes as an omnichannel biometric identity platform, today announced that it has raised $10 million in seed funding from undisclosed investors. Founder and CEO Ricardo Amper said the newfound capital will enable Incode to accelerate the development and global rollout of its tools, some of which are already being used by major banks, financial institutions, governments, and retailers.

“The modern consumer is all about experiences and convenience,” said Amper. “What they want is a seamless, consistent, and secure way to perform daily tasks — like access[ing] their ATM, mak[ing] payments, and

Read More