Business
How Insurance Companies Are Flourishing Under AI: Different industries are using AI in a variety of industries. (AI) and other related technologies to simplify their processes. Although it’s easy to envision this happening in the manufacturing sector, the traditional service-based industries are too, and some of them with remarkable outcomes. One of them is the … Read more
VavaCars closed its $37m Series C round. This funding was for VavaCars.It is an online platform that allows users to buy and sell used cars from Istanbul, Turkey. Vitol, the founding investor, was also present, as well as new and existing investors. This funding will consolidate the company’s market-leading position in Turkey. VavaCars was founded … Read more
Remedial Health, a Nigeria-based startup in healthtech that develops solutions for Africa’s pharmaceutical value chains, has raised $4.4m seed funding. Global Ventures led the round, including participation from Tencent and Y Combinator and Cathexis Ventures Scout Fund, Ventures Platform and Ventures Platform. True Capital Management was involved, along with angel investors like Christopher Golda and … Read more
Litmus Raises $30M in Series B Funding: Litmus, a San Jose, CA-based provider of an Industrial Edge Data Platform, received $30M in Series B financing. This round of funding, which increases the Litmus funding to $42.6M, was directed by Belden. The company plans to use the funds to expand the marketing and sales functions and … Read more
Andgo Systems is a Saskatoon, Canadian-based company that offers smart workflow automation solutions to shift filling and vacation mapping; it has raised $5.6M through Series A financing. First, Ascent Ventures and Waterline Ventures managed the round. The company plans to utilize the money to expand its operations and reach. Directed By CEO Tom Ross, And go … Read more
Hone a San Diego, CA-based provider of a person-skills training platform, has raised $30 million through Series B financing. The round that increases the total amount raised to $52.4m is managed by 3L Capital, with participation from Invus Opportunities, F-Prime Capital, Cowboy Ventures, NextGen Venture Partners, Slack Fund, Semper Virens, and Swift Ventures. The company plans … Read more
Cybera Global, a New York-based cybersecurity firm, has raised $5M in capital. It was managed by Converge VC and New North Ventures with participation from Founder Collective, Swiss VCs Serpentine along with CV VC. The company will make use of the funds to concentrate on enhancing its strategies to combat cybercrime. In co-creation with Nicola … Read more
Parler IT didn’t disclose the backers. The company has raised $56 million in funds so far and is planning to utilize the funds to increase its operations and expand its reach to business. Alongside the financing company is announcing its acquisition of Irvine, California-based private cloud provider Dynascale Inc. It provides businesses worldwide with hybrid and private … Read more
Alphyn Biologics is an Annapolis, Md.- and Cincinnati, Ohio-based clinical-stage dermatology business that has developed first-in-class multitarget therapies and closed the Series A financing round of approximately $3.3m. The round was directed by Queen City Angels, with participation from the Angel Physicians Fund and Serial Stage Venture Partners. The company has raised $6.7 million, which … Read more
Agtonomy, a South San Francisco and Sonoma County, California-based software and service startup in agtech, has received $13.5M as Seed III funding. The round was managed by Cavallo Ventures and Mirae Asset Venture Investment. The company plans to use the funds to build an additional layer of strategic expertise for its team. It will expand … Read more