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
Author: FINSMES Online News
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
Sensoro Completes Multi-Million Dollar Series C Financing
Sensoro, a Seattle, WA-based Internet of Things technology service provider, completed a multi-million dollar Series C round of financing. Backers included Baidu Ventures, Northern Light Venture Capital, Robert Bosch Venture Capital and Chaos Investment, among other institutions. The company intends to use the funds to continue developing IoT technology, accelerate the global expansion of its… Continue reading Sensoro Completes Multi-Million Dollar Series C Financing
Anagog Holds Initial close of Series B Financing
Anagog Ltd., a Tel Aviv, Israel-based developer of the mobility status AI engine and big data analytics solutions, held the initial closing phase of its Series-B round of financing. The round is being co-led by Daimler AG and Mizmaa Ventures. Established by Gil Levy and Yaron Aizenbud and led by Ofer Tziperman, CEO, Anagog analyzes… Continue reading Anagog Holds Initial close of Series B Financing
May Mobility Raises $11.5M in Seed Funding
May Mobility, an Ann Arbor, MI-based autonomous vehicle company advancing self-driving micro-shuttles, raised $11.5m in seed funding. BMW i Ventures and Toyota AI Ventures have joined its investor-base, including Maven Ventures, SV Angel, Tandem Ventures, Trucks Ventures, and YCombinator, co-leading its seed round. This funding will allow the company to launch new deployments across the… Continue reading May Mobility Raises $11.5M in Seed Funding
Moovit Raises $50M in Series D Funding
Moovit App Global Ltd., a Tel Aviv, Isreael-based transit app provider, closed a $50m Series D funding round. The round, which brings total funding to date to $133m, was led by Intel Capital with participation from Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and Hanaco. In conjunction with the funding, Professor Amnon… Continue reading Moovit Raises $50M in Series D Funding
Zoomcar Raises $40M in Series C Funding
Zoomcar India Pvt. Ltd, a Bengaluru, India-based self-drive car rental startup, raised $40M in Series C funding. The round was led by Mahindra and Mahindra Ltd (M&M) with participation from existing investors Ford Smart Mobility, Sequoia Capital, Empire Angels, Nokia Growth Partners, and others. The company, which has raised $85m to date, intends to use… Continue reading Zoomcar Raises $40M in Series C Funding
Yoshi Closes $13.7m in Series A Funding
Yoshi, a San Francisco, CA-based provider of a subscription service for on-site car maintenance and gas delivery, closed $13.7m in Series A funding. The round was led by General Motors Ventures and ExxonMobil with participation from Y Combinator, Kevin Durant & Rich Kleiman (The Durant Company), Arab Angel and others. The company intends to use… Continue reading Yoshi Closes $13.7m in Series A Funding