Category Archives: Recent Funding

Embrace raises $4.5M for its mobile application performance management platform

Embrace, an LA-based startup that offers a mobile-first application performance management platform, today announced that it has raised a $4.5 million funding round led by Pritzker Group Venture Capital. This brings the company’s total funding to $7 million. New investors Greycroft, Miramar Ventures and Vy Captial also participated in this round, as did previous investors Eniac Ventures, The Chernin Group, Techstars Ventures, Tikhon Bernstam of Parse and others. Current Embrace customers include the likes of Home Depot, Headspace, OkCupid, Boxed, Thrive Market and TuneIn. These companies use […]

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Ford invests $500M in Rivian and intends to build a vehicle on Rivian’s EV platform

Rivian today announced a major investment from Ford. The 115-year-old automaker is investing $500 million into the Michigan-based EV startup. Along with the cash, Ford announced plans to build a vehicle on Rivian’s electric vehicle platform. “This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable mobility,” RJ Scaringe, Rivian founder and CEO, said in a released statement. “Ford has a long-standing commitment to sustainability, with Bill Ford being one of the industry’s earliest advocates, and we are excited to use […]

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Singapore’s SalesWhale raises $5.3M to bring AI to sales and marketing teams

SalesWhale, a Singapore-based startup that uses AI to help marketers and salespeople generate leads, has announced a Series A round worth $5.3 million. The investment is led by Monk’s Hill Ventures — the Southeast Asia-focused firm that led SalesWhale’s seed round in 2017 — with participation from existing backers GREE Ventures, Wavemaker Partners and Y Combinator. That’s right, SalesWhale is one a select few Southeast Asian startups to have been through YC, it graduated back in summer 2016. SalesWhale — which calls itself “a conversational email marketing […]

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India’s Mfine raises $17.2M for its digital healthcare service

Mfine, an India-based startup aiming to broaden access to doctors and healthcare by using the internet, has pulled in a $17.2 million Series B funding round for growth. The company is led by four co-founders from Myntra, the fashion commerce startup acquired by Flipkart in 2014. They include CEO Prasad Kompalli and Ashutosh Lawania who started the business in 2017 and were later joined by Ajit Narayanan and Arjun Choudhary, Myntra’s former CTO and head of growth, respectively. The round is led by Japan’s SBI Investment with […]

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Led by LA-based March Capital, Astound raises $15.5 million for employee help desk automation services

Astound, a company selling automated employee help desk services, has raised a new round of $15.5 million from investors led by the Los Angeles investment firm March Capital Partners. Previous investors Vertex Ventures, Pelion Venture Partners, Moment Ventures, and the Slack Fund also participated in the funding, which brings Astound’s total capital raised to $27 million. The company’s software integrates with ServiceNow, BMC, Jira, Cherwell, and Workday, among others. For co-founder and chief product officer Dan Turchin, the company is the culmination of decades of work spent […]

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Audioburst raises $10M to build AI-powered infotainment systems for cars, ad solutions

Audioburst, a startup that uses AI technology to extract the best bits from podcasts and talk radio to create new listening experiences, has raised an additional $10 million in strategic funding from Dentsu and Hyundai Motor Company. The new round is focused on helping Audioburst further expand into advertising and in vehicles. It also precedes the company’s planned launch into Japan at the end of 2019. Dentsu and Hyundai join Audioburst’s other strategic investors, Samsung Ventures, Nippon Broadcasting, and Advanced Media, Inc., and bring the company’s total […]

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Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out

Uber has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund. The development has been speculated for some time — as far back as October — and it serves to both remove a deeply unprofitable unit from the main Uber business, helping Uber scale back some of its losses, while giving Uber’s Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of bringing autonomous […]

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Marketing platform startup Adverity raises $12.4M in round led by Felix Capital

Marketers get a lot of incoming from the data they have to deal with, bound up in hundreds of spreadsheets and reports, making it time consuming and tricky to get value out of. Tech companies like Datorama and Funnel.io have appeared to try and lighten this load. Adverity is a data intelligence platform also playing in this space by applying AI to produce actionable insights in real-time. Founded in 2015, it’s a cloud agnostic SaaS platform compatible with Amazon, Google and Microsoft which provides data to destinations […]

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Acting as the data integrator between hospitals and digital health apps brings Redox $33 million

Investors have forked over $33 million in a new round of funding for Redox, hoping that the company can execute on its bid to serve as the link between healthcare providers and the technology companies bringing new digital services to market. The financing comes just two months after Redox sealed a deal with Microsoft to act as the integration partner connecting Microsoft’s Teams product to electronic health records through the Fast Healthcare Interoperability Resources standard. Redox sits at a critically important crossroads in the modern healthcare industry. […]

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NuvoAir raises $3M to help patients monitor respiratory diseases with AI

With air quality not improving any time soon (hello pollution!), respiratory conditions are on the rise. This has created an opportunity for startups to employ smartphones to monitor respiratory diseases with apps and smart devices. ResApp’s smartphone app, called ResAppDx, diagnoses a wide range of respiratory illnesses accurately by using cough sounds. Healthymize listens for signals of COPD (chronic obstructive pulmonary disease) when you make calls. NuvoAir is a new digital therapeutics startup that is also tackling this problem. It has now closed a financing round of […]

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