Rendered.ai, a platform provider for physics-based synthetic data, has announced the closing of a $6M seed round led by Space Capital. Participating investors include Tectonic Ventures, Congruent Ventures, Union Labs, and Uncorrelated Ventures. The funding will help expand staffing and operations to scale up the Rendered.ai Platform as a Service. “Synthetic data is an answer…
KPIT Technologies Ltd, an independent software development and integration partner to the automotive and mobility industry, has announced that it would make significant investments with a specific focus on middleware solutions with a vision to accelerate clients’ transformation to software-defined vehicles across both passenger and commercial vehicle segments. According to a statement, “KPIT intends to…
Ladder, which offers life insurance, has announced a $100M Series D round to continue building the digital life insurance company. The $100M financing round was led by Thomvest Ventures and OMERS Growth Equity. It will be used to fuel Ladder’s approach to making life insurance as accessible and affordable as it should be — as…
NetApp, a global, cloud-led, data-centric software company, has announced that it has signed a definitive agreement to acquire CloudCheckr, a cloud optimization platform that provides cloud visibility and insights to lower costs, maintain security and compliance, and optimize cloud resources. Financial details of the transaction are not being disclosed. “Managing costs while accelerating cloud applications…
Renee Cosmetics has announced that it has raised $1.5 million in Equanimity Ventures and 9Unicorns led pre-Series A funding round. Titan Capital also participated in the latest round. The round also saw participation from investor Rajesh Sehgal – Equanimity Ventures, Apoorv Ranjan Sharma- 9Unicorns, and Titan Capital’s Kunal Bahl and Rohit Bansal. Speaking on the…
Simpli.fi, a programmatic advertising and agency management software company, announced that private equity funds managed by Blackstone have completed the previously announced significant equity investment in the company. Blackstone joins existing investor GTCR, a leading private equity firm, as majority shareholders in the company. The investment, made through Blackstone’s flagship private equity vehicle, values the…
Matrix-backed e-commerce startup OfBusiness has announced that it has secured $200 million in the Tiger Global led Series F funding round. The round also saw participation from existing investors including Falcon Edge Capital and SoftBank Vision Fund II. Speaking on the announcement, Asish Mohapatra, CEO and Co-Founder of OfBusiness, commented, “The India B2B markets across…
Kickflow, an alumni of the prestigious Tezos India Fellowship Program, has launched its first-ever decentralized, open-source crowdfunding and grants platform. A statement made by the company said, “Utilising the concepts of Capital-constrained Liberal Radicalism (CLR) and Quadratic Funding, the platform, along with its governance token, will allow projects to seek funds matched through the mathematically…
Beacon, the digital supply chain and freight platform, has raised over $50 million in its Series B round, led by Northstar.vc. Upper90 also participated as a new investor. The fresh capital will be used to grow the team, continue the development of Beacon’s technology and expand into new markets. Existing investors also participated in the…
LeadIQ, the account-based prospecting SaaS platform that simplifies lead management and sales prospecting, has announced that it has raised a $30 million Series B round led by global venture capital firm Cathay Innovation with participation from Eight Roads Ventures, Alumni Ventures, LAUNCH Fund, Draper Associates, Fresco Capital and Strong Ventures. This investment brings the total…
Global Infrastructure Partners has announced that it has made a preferred equity investment of up to $245 million in Easton Energy LLC. Easton is a Houston based midstream company focused on developing infrastructure assets that support the transportation, storage, and processing of natural gas liquids (NGL), refined products, and petrochemicals along the Gulf Coast. GIP…
Alloy, an identity decisioning platform for banks and fintech companies, has announced that it has raised $100 million in Series C funding. Lightspeed Venture Partners’ Justin Overdorff led the round with participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis Ventures, bringing the company’s valuation to $1.35 billion and the total…
Ola Electric, India’s EV manufacturer, has announced that it has raised over US$200 million led by Falcon Edge, Softbank and others, at a valuation of US$3 billion. A statement said, “Ola will accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. The announcement will further strengthen Ola’s “Mission…
DroneSeed has announced that it has raised $36 million in its Series A funding round. The round was led by Social Capital and Seven Seven Six, with participation from new and existing investors. Part of these funds were used to acquire Silvaseed, a 130-year-old forestry company, to expand DroneSeed’s seed collection and seedling cultivation services.…
Silicon Valley-based venture capital (VC) firm Benhamou Global Ventures (BGV), which invests in Enterprise 4.0 companies globally, has announced its fourth fund, closing at $110M, 60% larger than its third fund. “For BGV, if you are a talented entrepreneur, it doesn’t matter where you’re from. What matters is that your idea and your company are…