funding

FinSMEs: China-based TandemAI, which uses AI to speed up the design and optimization of drug candidates, raises $25M in seed and pre-Series A funding — TandemAI, a Suzhou, and Shangai, China-based provider of a computational platform to accelerate the design and optimization of drug...

Kyle Alspach / VentureBeat: PlainID, which offers enterprise identity and access management tools, raises a $75M Series C led by Insight Ventures, bringing its total funding to $100M — PlainID, which today announced a $75 million series C funding round, said it has expanded the customer base...

Founder and CEO Devo Harris got the idea for Adventr while working with the music industry’s biggest artists.“Adventr was inspired by my experience creating content for artists like Kanye West, Britney Spears and Nas,” he said. “The music videos where I introduced interactive components shot...

Stenon, an AgTech company that has a real-time soil-sensing solution, has raised a $20 million Series A funding round from Founders Fund, David Friedberg’s The Production Board, and existing investors including Cherry Ventures and Atlantic Labs. Founded in 2018 in Potsdam, Germany, Stenon’s...

OfBusiness, a New Delhi-headquartered startup that sells industrial goods and provides small businesses with credit, has secured its fourth financing round this year and is now valued at about $5 billion.Alpha Wave Global, Tiger Global, and SoftBank Vision Fund 2 led the startup’s $325 million...

Just half a year after its last Series F round announcement, Korean online grocery startup Kurly has closed a $210 million in a pre-IPO round from single backer Anchor Equity Partners, a Hong Kong-based private equity firm.The latest funding brings its total raised to approximately $761...

Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings.The Bangalore-headquartered startup, which is a market leader in payments processing in India...

Ivan Levingston / Bloomberg: HungryPanda, a Mandarin-language food and grocery delivery app aimed at overseas Chinese users, raises a $130M Series D, bringing its total funding to $220M — - Latest funding in London-based startup led by investor Perwyn — Money will help expand current markets...

Kyle Wiggers / VentureBeat: Elementary, which uses AI to automate product inspections in factories, raises a $30M Series B led by Tiger Global, bringing its total funding to $47.5M+ — While it might not be the first example that comes to mind when thinking of AI applications, AI systems are...

Paul Gillin / SiliconANGLE: North Carolina-based CData, which aggregates data from 200+ sources for businesses, raises a $140M Series B from Updata, bringing its total funding to $160M — CData Software Inc., a seven-year-old firm that specializes in connecting data from multiple sources, today...

Olist, a Brazilian e-commerce marketplace integrator, confirmed it is now valued at $1.5 billion after securing $186 million in Series E funding, led by Wellington Management.The new round follows quickly behind a $23 million Series D extension the company announced in April, led by new...

The List joins the social commerce movement with a new app connecting consumers with global luxury brands and retailers to offer a personalized discovery and shopping experience.Focused on sourcing hard-to-find items, the app launch is buoyed by $3.5 million in seed funding backed by a group...

Ron Miller / TechCrunch: Forethought, which makes AI-powered customer support software, raises a $65M Series C led by Steadfast Capital, bringing its total funding to $92M — In 2018, Forethought, a startup looking to put AI to work across customer service, won the TechCrunch Disrupt...

Maria Deutscher / SiliconANGLE: Israeli cloud data protection startup Ermetic raises a $70M Series B led by Qumra Capital, bringing its total funding to $100M — Cloud cybersecurity specialist Ermetic Ltd. today disclosed that it has closed a $70 million funding round by Qumra Capital. — The...

Kate Park / TechCrunch: Tel Aviv-based Cylus, which provides cybersecurity tools for rail networks, raises a $30M Series B led by Ibex Investors, bringing its total funding to $57M — As rail systems undergo a digital revolution and become far more connected and advanced, railway operators face...

Duncan Riley / SiliconANGLE: API security startup Cequence raises a $60M Series C led by Menlo Ventures, bringing its total funding to $89.5M — Application programming interface security startup Cequence Security Inc. announced today that it has raised $60 million in new funding to support...

Innovaccer has raised a new financing round and more than doubled its valuation to $3.2 billion from $1.3 billion in February this year as a growing number of healthcare organizations move to use the San Francisco-headquartered firm’s platform to put their troves of data to better use.Mubadala...

Mary Ann Azevedo / TechCrunch: LA-based Papaya, which helps users pay bills using its app, raises a $50M Series B led by Bessemer Venture Partners, bringing its total funding to $65M — Paying bills is hardly a fun thing. So I think it's safe to say that any technology that can make the...

Israeli SaaS security startup Atmosec today announced having raised a $6 million seed round led by Israeli VC firm Glilot Capital Partners and American fund Battery Ventures. Its team had previously participated in Intel Ignite’s fourth Tel Aviv startup acceleration cohort.Now out of stealth...

New York Times: How China helps foreign influencers in the country who spread pro-China messages, funding their travel and generating lucrative, likely inauthentic, traffic — We are on the outskirts of Shanghai today at the most incredible hotel we've ever stayed at. — It's the first in the...