Verax AI, a Dallas, TX- and Tel Aviv, Israel-based provider of enterprise-grade software solutions, raised $7.6M in Seed funding. The round was led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures. The company intends to use the funds to accelerate its go-to-market processes and increase awareness. Founded… Continue reading Verax AI Raises $7.6M in Seed Funding
Author: FINSMES Online News
Third Wave Automation Closes $27M Series C Funding
Third Wave Automation, a Union City, CA-based provider of autonomous forklifts empowered by Shared Autonomy, raised $27M in Series C funding. The round was led by Woven Capital, Toyota’s growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures also participated, bringing total capital raised to $97M. Prashant Bothra, principal at Woven Capital, is… Continue reading Third Wave Automation Closes $27M Series C Funding
Otto Raises $6M in Seed Funding
Otto, a Seattle, WA-based startup building an intelligent and autonomous AI travel agent for business travelers, raised $6M in Seed funding. The round was led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry, including Erik Blachford, former CEO of Expedia, IAC Travel and Couchsurfing; Barney Harford,… Continue reading Otto Raises $6M in Seed Funding
Fanton Raises $1m in Seed Funding
Fanton Fantasy Football, a Tel Aviv, Israel-based provider of a blockchain-based fantasy sports platform, raised $1M in Seed funding. The round was led by Animoca Brands, Delphi Ventures, and Kenetic Capital with participation from Hashkey x TON Accelerator, PAKA Fund, and Sign VC. The company intends to use the funds to expand operations and its… Continue reading Fanton Raises $1m in Seed Funding
Guidewheel Raises $31M Series B Funding
Guidewheel, a San Francisco, CA-based provider of an AI-powered platform that enables factories to reach sustainable peak performance, raised $31M in Series B funding. The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek. Ecolab, Rethink Impact, and GSBackers also participated, alongside existing investors Greycroft and Breakthrough Energy Ventures (BEV), among others.… Continue reading Guidewheel Raises $31M Series B Funding
CloudBees Acquires Launchable
CloudBees, a San Francisco, CA-based provider of software development platforms for more than 500 enterprises, acquired Launchable, a company that brings an AI-augmented approach to QA. The amount of the deal was not disclosed. Co-founded by Kohsuke Kawaguchi and Harpreet Singh, Launchable is an AI-augmented testing platform that improves visibility into test suite performance and… Continue reading CloudBees Acquires Launchable
Knime Receives $30M Investment from Invus
Knime, a Zurich, Switzerland-based open-source data science and AI company, raised additional $30m in funding from Invus. This brought total funding to $50M. The company intends to use the funds to double down on development of its enterprise-grade AI governance and ModelOps capabilities, while continuing to stay ahead of the rapid innovation in the field.… Continue reading Knime Receives $30M Investment from Invus
How These Companies Are Catering For Growing Demand In Their Industry
There has arguably never been a better time to start a business—but only if you’re prepared to adapt and keep up with the ever-evolving demands of your customers. Consumer habits combined with technological advancements and shifts in the economy are forcing industries to reshape at an unprecedented pace. If a company wants to stay afloat,… Continue reading How These Companies Are Catering For Growing Demand In Their Industry
Bee Raises $7M in Seed Funding
Bee, a San Francisco, CA-based AI developer of a life admin wearable assistant, raised $7M in seed funding. The round was led by Exor with participation from Greycroft, New Wave VC, Banana Capital, and Brian Bedol. The company intends to use the funds to expand operations and its development efforts with launch set for Fall… Continue reading Bee Raises $7M in Seed Funding
ServiceNow Acquires Raytion
ServiceNow (NYSE: NOW), a Santa Clara, CA-based provider of an AI platform for business transformation, acquired Raytion, a Germany-based information retrieval technology company. The amount of the deal was not disclosed. ServiceNow completed the acquisition of Raytion in July 2024. With the acquisition, ServiceNow will enhance its GenAI-powered search and knowledge management capabilities. With Raytion… Continue reading ServiceNow Acquires Raytion