ShipBob, a Chicago, IL-based technology company that streamlines fulfillment by bringing next-day and two-day shipping options to ecommerce businesses, raised $40m in Series C funding. The round was led by Menlo Ventures with participation from existing investors Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator. In conjunction with the funding,… Continue reading ShipBob Raises $40M in Series C Funding
Author: FINSMES Online News
DrayNow Raises $5M in Series A Financing
DrayNow, a Philadelphia, PA-based intermodal freight marketplace, completed its $5m Series A funding. The round was led by Comcast Ventures with participation from Osage Venture Partners. The company intends to use the funds to grow its team and accelerate expansion into new geographies. Led by Mike Albert, founder and CEO, DrayNow provides a real-time marketplace… Continue reading DrayNow Raises $5M in Series A Financing
Carsharing Leader Getaround Raises $300M in Series D
Getaround, a San Francisco, CA-based carsharing platform that allows users to rent and drive cars shared by people in their city, raised $300m in Series D financing. The round was led by SoftBank, with participation from Toyota Motor Corporation, and inside investors. The company intends to use the funds to continue growing and expanding into… Continue reading Carsharing Leader Getaround Raises $300M in Series D
Ride Hailing App Gett Raises $80M in Funding
Gett, a global ride hailing app provider, raised $80m in funding. The round valued the company at $1.4 billion. Backers included Volkswagen (VOWG_p.DE) and Access Industries. The company, which has raised over $700m in funding, including $300m from Volkswagen in 2016, intends to use the capital to continue to grow the business. Led by founder… Continue reading Ride Hailing App Gett Raises $80M in Funding
Hailo Raises $12.5M in Series A Funding
Hailo, a Tel Aviv, Israel-based company developing a proprietary chip for deep learning on edge devices, completed a $12.5m Series A funding round. Backers included Ourcrowd.com, Maniv Mobility, the Drive accelerator fund: Next Gear; as well as angel investors Hailo Chairman Zohar Zisapel and Delek Motors CEO Gil Agmon. The company, which has raised $16m… Continue reading Hailo Raises $12.5M in Series A Funding
Self-Driving Delivery Company Boxbot Raises $7.5M in Seed Funding
Boxbot, an Oakland, CA-based startup focused on self-driving delivery vehicles, raised $7.5m in seed funding. This round was led by Artiman Ventures, and includes an investment from Toyota AI Ventures, Pear Ventures, Afore Capital, Ironfire Ventures and The House Fund. Co-founded in 2016 by Austin Oehlerking and Mark Godwin, Boxbot is building self-driving vehicles which… Continue reading Self-Driving Delivery Company Boxbot Raises $7.5M in Seed Funding
Taxify Raises $175M in Funding; Valued at $1 Billion
Taxify, an Estonia-based taxi hailing company, raised $175m in funding. The round, which brings Taxify’s valuation to $1 billion, was led by Daimler, with participation from Korelya Capital, and Taavet Hinrikus, which joined existing investors Didi Chuxing. In conjunction with the funding, Daimler will join Taxify’s board. The company intends to use the funds to… Continue reading Taxify Raises $175M in Funding; Valued at $1 Billion
Cyber Security Company Blackpoint Cyber Raises $6M in Funding
Blackpoint, an Ellicott City, Md.-based cyber security company offering patented lateral spread detection and network visualization, raised $6m in funding. The round was led by Adelphi Capital and Telcom Ventures with participation from Maryland Venture Fund. The company intends to use the funds to accelerate its sales and marketing efforts, to scale in U.S. and… Continue reading Cyber Security Company Blackpoint Cyber Raises $6M in Funding
Algolux Raises $10M in Series A-1 Funding
Algolux Inc., a Montreal, Canada-based provider of machine-learning stacks for autonomous vision and imaging, closed a USD $10M Series A funding. The round was led by General Motors (GM) Ventures, with participation from Drive Capital, Intact Ventures, and Real Ventures. In conjunction with the funding, Jason Nolte, GM Ventures Investment Manager, and Mark Kvamme, Partner… Continue reading Algolux Raises $10M in Series A-1 Funding
Mapillary Raises $15m in Funding
Mapillary, a Malmö, Sweden-based street-level imagery platform, powered by collaboration and computer vision, raised $15m in funding. The round was led by BMW i Ventures, with participation from Samsung Catalyst Fund and NavInfo and previous investors Atomico, Sequoia, PlayFair, and LDV Capital. The company intends to use the funds to continue to expand the team,… Continue reading Mapillary Raises $15m in Funding