Recorded Future launches its new $20M Intelligence Fund for early-stage startups

Threat intelligence company Recorded Future is launching a $20 million fund for early-stage startups developing novel data intelligence tools.

The Intelligence Fund will provide seed and Series A funding to startups that already have venture capital funding, Recorded Future says, as well as equip them with resources to help with the development and integration of intelligence applications in order to accelerate their go-to-market strategy. 

Recorded Future, which provides customers with information to help them better understand the external cyber threats they are facing, will invest in startups that aim to tackle significant problems that require novel approaches using datasets and collection platforms, which the company says could be anything from technical internet sensors to satellites. It’s also keen to invest in startups building intelligence analysis toolsets that make use of technologies such as artificial intelligence and machine learning, as well as intelligence-driven applications that can be integrated into its own Intelligence Platform and ecosystem.

Recorded Future co-founder and chief executive Christopher Ahlberg said: “In a world of aggressive uncertainty, intelligence is the only equalizer. With the launch of the Intelligence Fund, we are investing in the next generation of entrepreneurs who share our vision for securing the world with intelligence.” 

So far, the Intelligence Fund has invested in two companies, the first being SecurityTrails, which provides customers with a comprehensive overview of current and historical domain and IP address data. The second investment went to Gemini Advisory, a fraud intelligence platform specializing in finding compromised data on the dark web, which Recorded Future went on to acquire earlier this year for $52 million in a bid to bolster its own threat intelligence capabilities. 

Recorded Future told TechCrunch that future investments could also be made with an eye to acquiring, but added that funding could also be given purely on the basis that the startup would make a good business or technology partner. Recorded Future was itself acquired by private equity firm Insight Partners back in 2019 for $780 million. The acquisition effectively bought out the company’s earlier investors, including Google’s venture arm GV, and In-Q-Tel, the non-profit venture arm of the U.S. intelligence community.

Commenting on the launch of the fund, Michael Triplett, managing partner at Insight Partners, said: “Cyberattacks continue to impact global enterprises across the globe, and we’re excited to see Recorded Future invest in intelligence startups tackling the business-critical issues that organizations face today. 

“The Intelligence Fund will provide the resources needed by entrepreneurs to build applications with data and mathematics at the core.” 

#christopher-ahlberg, #computing, #crunchbase, #dark-web, #entrepreneurship, #finance, #information-technology, #insight-partners, #machine-learning, #managing-partner, #prediction, #recorded-future, #security, #startup-company, #startups

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Contentstack raises $57.5M for its headless content management system

Contentstack, a startup that offers a headless content management system (or a ‘content experience platform’ in marketing speak), today announced that it has raised a $57.5 million Series B round. The round, which the company says was oversubscribed, was led by Insight Partners, which also led its Series A round. New investor Georgian and existing investors Illuminate Ventures and GingerBread Capital also participated. With this, the company has now raised a total of $89 million.

“In the last year, we have helped leading companies in industries such as retail, financial services, gaming and travel to create personalized experiences for their customers in order to drive revenue, improve customer satisfaction and build customer loyalty,” said Neha Sampat, founder and CEO of Contentstack. “This round of financing demonstrates that our strategy is paying off, including our core beliefs around equality, customer care and product innovation. During a remarkably challenging year, our team delivered impressive results and we are excited to continue this growth trajectory by delivering the best agile CMS platform for a digital-first world.”

The company says it saw its customer base grow over 150% since closing its $31.5 million Series A round in October 2019. Among its new customers are Broadcom, Chico’s FAS, HP, La Perla, Leesa Sleep, McDonald’s and NBC.

In recent months, Contentstack launched a new user interface for these customers and the company argues that Georgian’s focus on AI and machine learning will allow it to bring more of these modern technologies to its platform as well.

“We are big believers in Contentstack and the leadership team, especially after our conversations with global brands revealed how important Contentstack is to these organizations and how beloved the product is by both business and technical users,” said Emily Walsh, Lead Investor at Georgian. “Now with access to our technology platform, Contenstack can not only gain operational efficiencies but also supercharge the innovation, experience and support it offers to customers and partners. We are excited to help Contentstack customers leverage AI to gain business advantages through new insights and automation.”

The company plans to use the new funding to accelerate its investments in this technology, fuel its international growth and expand its partner ecosystem.

#artificial-intelligence, #broadcom, #ceo, #content-management-system, #contentstack, #financial-services, #hp, #illuminate-ventures, #insight-partners, #machine-learning, #mcdonalds, #tc

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Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months

The COVID-19 pandemic disrupted a lot in the world, and supply chains are no exception. 

A number of applications that aim to solve workflow challenges across the supply chain exist. But getting real-time access to information from transportation providers has remained somewhat elusive for shippers and logistics companies alike. 

Enter Project44. The 7-year-old Chicago-based company has built an API-based platform that it  says acts as “the connective tissue” between transportation providers, third-party logistics companies, shippers and the systems. Using predictive analytics, the platform provides crucial real-time information such as estimated time of arrivals (ETAs).

“Supply chains have undergone an incredible amount of change – there has never been a greater need for agility, resiliency, and the ability to rapidly respond to changes across the supply chain,” said Jason Duboe, the company’s Chief Growth Officer.

And now, project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Girteka and Lineage Logistics also participated in the financing, which gives project44 a post-money valuation of $1.2 billion. That doubles the company’s valuation at the time of its Insight Partners-led $100 million Series D in December.

The raise is quite possibly the largest investment in the supply chain visibility space to date.

Project44 is one of those refreshingly transparent private companies that gives insight into its financials. This month, the company says it crossed $50 million in annual recurring revenue (ARR), which is up 100% year over year. It has more than 600 customers including some of the world’s largest brands such as Amazon, Walmart, Nestle, Starbucks, Unilever, Lenovo and P&G. Customers hail from a variety of industries including CPG, retail, e-commerce, manufacturing, pharma, and chemical.

Over the last year, the pandemic created a number of supply chain disruptions, underscoring the importance of technologies that help provide visibility into supply chain operations. Project44 said it worked hard to help customers to mitigate “relentless volatility, bottlenecks, and logistics breakdowns,” including during the Suez Canal incident where a cargo ship got stuck for days.

Looking ahead, Project44 plans to use its new capital in part to continue its global expansion. Project44 recently announced its expansion into China and has plans to grow in the Asia-Pacific, Australia/New Zealand and Latin American markets, according to Duboe.

We are also going to continue to invest heavily in our carrier products to enable more participation and engagement from the transportation community that desires a stronger digital experience to improve efficiency and experience for their customers,” he told TechCrunch. The company also aims to expand its artificial intelligence (AI) and data science capabilities and broaden sales and marketing reach globally.

Last week, project44 announced its acquisition of ClearMetal, a San Francisco-based supply chain planning software company that focuses on international freight visibility, predictive planning and overall customer experience. WIth the buy, Duboe said  project44 will now have two contracts with Amazon: road and ocean. 

“Project44 will power what they are chasing,” he added.

And in March, the company also acquired Ocean Insights to expand its ocean offerings.

Will Chen, a managing director of Goldman Sachs Asset Management, believes that project44 is unique in its scope of network coverage across geographies and modes of transport.  

“Most competitors predominantly focus on over-the-road visibility and primarily serve one region, whereas project44 is a truly global business that provides end-to-end visibility across their customers’ entire supply chain,” he said.

Goldman Sachs Asset Management, noted project44 CEO and founder Jett McCandless, will help the company grow not only by providing capital but through its network and resources.

#amazon, #api, #articles, #artificial-intelligence, #asia-pacific, #australia, #business, #chicago, #chief, #china, #clearmetal, #companies, #e-commerce, #emergence-capital, #funding, #fundings-exits, #goldman-sachs, #insight-partners, #lenovo, #logistics, #manufacturing, #nestle, #new-zealand, #officer, #pg, #recent-funding, #san-francisco, #starbucks, #startup, #startups, #supply-chain, #supply-chain-management, #transportation, #unilever, #venture-capital, #walmart

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Lightrun raises $23M for its debugging and observability platform

Lightrun, a startup that helps developers debug their live production code, today announced that it has raised a $23 million Series A round led by Insight Partners. Glilot Capital Partners, which led the company’s $4 million seed round, also participated in this round.

What makes Lightrun stand out in a sea of monitoring startups is its focus on developers (more so than IT teams) and its ability to help developers debug their production code right from their IDEs. With a few keystrokes, they can also instrument the code for monitoring, but the key here is that Lightrun offers what the company calls an “ops-free” process that puts the developers in control. This “shift-left” approach moves the application monitoring process away from ops-centric tools like Splunk and New Relic and instead puts them right into the workspaces with which developers are already familiar.

“The observability market has been very oriented towards IT operators. When an IT operator gets that dreaded page that a service is down, they see health metrics on running instances on servers and have a variety of failover methods and ways to restore service health,” Lightrun co-founder and CEO Ilan Peleg explained. “And they do this all natively on the same interfaces that they use every day for systems management. But when a developer gets that dreaded notification that there is a bug, it’s like the early stages of a crime scene investigation that has no suspects and usually only minor clues.”

Currently, the service only supports Java and the IntelliJ development environment, but the team plans to expand its language and platform coverage by adding support for Python and Node.js, as well as additional IDEs.

“We’ve seen a number of observability solutions joining the market, but found Lightrun’s shift-left approach to be truly unique,” said Teddie Wardi, managing director, Insight Partners, who led the round and will join the board of directors. “The main point of shifting observability to the left in the software development lifecycle is incorporating observability into the day-to-day developer workflow. Lightrun makes observability more ops-free, real-time and ergonomic to the development process than any other platform, and we believe they are in a position to capture a large international market of development teams at enterprises that prioritize rapid feature development and frequent shipping.”

The company recently launched a free community edition of its service and introduced a set of new integrations with services like Datadog, IntelliJ IDEA, Logz.io, Prometheus, Slack and StatsD. Some of Lightrun’s current customers include Taboola, Sisense and Tufin.

The company doubled its employee count over the course of the last year. It will continue to use the new funding to expand its developer community and hire across functions. The company also plans to expand its U.S. presence.

 

#entrepreneurship, #ides, #insight-partners, #lightrun, #private-equity, #recent-funding, #startup-company, #startups, #tc

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Explorium scores $75M Series C just 10 months after B round

Without good data, it’s impossible to build an accurate predictive machine learning model. Explorium, a company that has been building a solution over the last several years to help data pros find the best data for a given model, announced a $75 million Series C today — just 10 months after announcing a $31 million Series B.

Insight Partners led today’s investment with participation from existing investors Zeev Ventures, Emerge, F2 Capital Ventures, 01 Advisors and Dynamic Loop Capital. The company reports it has now raised a total of $127 million. George Mathew, managing partner at Insight, and former president and COO at Alteryx, will be joining the board, giving the company someone with solid operator experience to help guide them into the next phase.

Company co-founder and CEO Maor Shlomo, says that in spite of how horrible COVID has been from a human perspective, it has been a business accelerator for his company and he saw revenue quadruple last year (although he didn’t share specific numbers beyond that). “It’s related to the nature of our business. We’re helping enterprises and data practitioners find new data sources that can help them solve business challenges,” Sholmo explained.

He says that during the pandemic, a lot of companies had to find new data sources because the old data wasn’t especially helpful for predictive models. That meant that customers required new sources to give them visibility into the shifts and movements in the market to help them adjust and make decisions during pandemic. “And given that’s basically what our platform does in its essence, we’ve seen a lot of growth [over the past year],” he says.

With the revenue growth the company has been experiencing, it has been adding employees at rapid clip. When we spoke to Explorium last July, the company had 87 people. Today that number has grown to 130 with plans to get to 200 perhaps by the end of 2021 or early 2022, depending on how the business continues to grow.

The company has offices in Tel Aviv and San Mateo, California with plans to open a new office in New York City whenever it’s possible to do so. While Shlomo wants a flexible workplace, he’s not going fully remote with plans to allow people to work two days from home and three in the office as local rules allow.

#artificial-intelligence, #data-discovery, #enterprise, #explorium, #funding, #insight-partners, #israel-startups, #recent-funding, #startups, #tc

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Insight Partners leads $60M growth round in cross-border payments startup Thunes

The world of digital payments is very fragmented, with different types of online bank accounts, digital wallets and money transfer services used in different countries. Singapore-based Thunes, a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. One of the world’s largest venture capital firms, Insight is known for working closely with growth-stage companies, helping them expand through its ScaleUp program.

The round included participation from existing shareholders. Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. Other investors include GGV Capital and Checkout.com.

Founded in 2016, Thunes’ customers include Grab, PayPal, MPesa, the Commercial Bank of Dubai, Western Union, Remitly and Singaporean insurance firm NTUC Income. Its technology serves a similar purpose for online payments platforms as the SWIFT system does for commercial banks, acting as a hub to transfer money online to recipients in different countries, even if they use a different financial institution, digital wallet or mobile money account. For example, Western Union uses Thunes so it can move money into digital wallets and bank accounts. Thunes monetizes per transaction through a fixed fee and a small currency exchange fee. It is regulated by the Monetary Authority of Singapore and the Financial Conduct Authority in the United Kingdom.

Chief executive officer Peter De Caluwe told TechCrunch that Thunes looks for active investos who can help it work with banks and regulators in new markets and connect it with potential clients. For example, Helios focuses on African companies and Thunes used part of its funding from the firm to build teams in Kenya, Tanzania, Zimbabwe and Ethiopia. Likewise, GGV Capital, which led its Series A, helped Thunes’ operations in China.

When Insight approached Thunes, it was not planning to raise more funding.

“The important note here is that we were actually not planning to do another round and Insight was pretty persistent in knocking on our door,” De Caluwe said. “Since we last spoke in September, we more than doubled our workforce, our revenues, everything just became bigger and more scaled. So at the end, we decided getting extra funding from a very solid investor makes sense if they can help us.”

Insight’s portfolio also includes Twitter and Shopify and its ScaleUp program focuses on supporting software companies with high growth potential. For example, it recently became the first outside investor in Octopus Deploy, which had been bootstrapped for almost a decade, to help grow its enterprise market over the next five to 10 years.

De Caluwe said Insight’s resources, including its talent network, will help Thunes expand in North and South America, build its engineering and product teams and decide what new services to offer customers. Thunes has doubled its team from about 70 people to 160 over the past half year, including engineers in the United Kingdom, Singapore and China, and business development teams in Latin America and Africa.

“Geographically, this is an important step for us that ticks a big box,” De Caluwe said. For example, Insight can help Thunes onboard larger U.S. retailers and fintech companies, especially ones that want to collect payments from emerging countries.

“Our ambition now is if we have a large U.S.-based retailer, service or game company who uses us to pay somebody in emerging markets, like suppliers or partners, to let our API also collect from someone. So if are you are a U.S.-based player, you can also collect payments and that is something we have been working very aggressively on,” he added.

In a press statement, Deven Parekh, managing director at Insight Partners, said, “Taking an innovative approach to solving the problems of an extremely fragmented and complex payments ecosystem, Thunes has created a unique platform that provides accessible, fast and reliable payment solutions. We see the company as poised for massive growth as it expands its infrastructure. We are looking forward to helping them scale up.”

#asia, #cross-border-payments, #fintech, #fundings-exits, #insight-partners, #singapore, #southeast-asia, #startups, #tc, #thunes

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#DealMonitor – parcelLab sammelt 110 Millionen ein – apetito investiert in eatclever – Scout24 kauft Vermietet.de


Im aktuellen #DealMonitor für den 11. Mai werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

parcelLab
+++ Insight Partners, Endeit Capital sowie die Altinvestoren Capnamic Ventures und coparion investieren 110 Millionen US-Dollar in parcelLab. Das Münchner Startup überwacht insbesondere für Online-Shops quasi den Versand der Waren. Falls ein Paket nicht in der üblichen Zeit ankommen sollte, entschuldigt sich das Startup im Namen des Online-Shops beim Kunden. parcelLab wurde 2015 von Tobias Buxhoidt, Anton Eder und Julian Krenge gegründet. Mit dem frischen Kapital möchte das Unternehmen “seine globale Expansion vorantreiben und die Entwicklung neuer Produkte unterstützen. Dazu zählt beispielsweise ein neues Retourenportal, das es Brands ermöglichen soll, ihren Kunden ein optimales End-to-End-Retourenerlebnis zu bieten”. Bis Ende 2019 flossen rund 7 Millionen Euro in das Startup. Zuletzt wirkten rund 85 Mitarbeiter:innen für parcelLab. Mehr über parcelLab

eatclever
+++ Der Tiefkühlgigant apetito investierte bereits im vergangenen Jahr in den jungen Lieferdienst eatclever.  Zum Ghost Restaurant-Betreiber, der 2014 von Mohamed Chahin, Robin Himmels und Marco Langhoff in Hamburg gegründet wurde, gehören Marken wie taste&soul sowie Chicos. In der Vergangenheit investierte auch About-You-Gründer Tarek Müller in das junge Food-Startup. Zudem sammelte das eatclever-Team via Companisto vor einiger Zeit rund 255.000 Euro von Crowd-Anlegern ein. Nach eigenen Angaben ist eatclever derzeit an “50 Standorten in Deutschland, Österreich, Schweiz und England” vertreten. Mehr als 30 Mitarbeiter:innen wirken für das Startup. apetito hält nun rund 26 % am Unternehmen. #EXKLUSIV

Edurino
+++ wooga-Gründer Jens Begemann, die Seriengründer und -investoren Ferry und Fabian Heilemann sowie weitere Angel-Investoren investieren in Edurino. Das Münchner Startup möchte Kinder ab vier acht Jahren “spielerisch und verantwortungsbewusst an digitales Lernen heranzuführen”. Das EdTech, das sich selbst als “Lernsystem für unsere Kleinen” bezeichnet, wurde von Franziska Steiner und Irene Klemm gegründet. Mehr im aktuellen Insider-Podcast. #EXKLUSIV

MetisMotion
+++ Der High-Tech Gründerfonds (HTGF), BORN2GROW,  ein Tochterunternehmen des ZFHN Zukunftsfonds Heilbronn, und der Siemens Technology Accelerator (STA) investieren 1,5 Millionen Euro in MetisMotion. Das Unternehmen aus München, eine Ausgründung aus dem Siemens-Konzern, entwickelt “hochdynamische und leichte, kraftvolle Aktoren für Automatisierungsanwendungen”. 

Bluu Biosciences
+++ DX Ventures, der Venture-Ableger von Delivery Hero, investiert in Bluu Biosciences. Das Unternehmen entwickelt und produziert zellbasiertem Fisch, also “Fisch, der aus echten Fischzellen hergestellt und in einem Bioreaktor gezüchtet wird”. “Die Produktion von Fisch auf Zellbasis ohne Schädigung des Ökosystems und zu wettbewerbsfähigen Preisen kann in Zukunft einen entscheidenden Beitrag zur globalen Versorgungssicherheit mit tierischem Eiweiß leisten”, teilt das Unternehmen mit. Die Jungfirma mit Sitz in Berlin und Lübeck wurde 2020 von Sebastian Rakers und Simon Fabich, früher Monoqi, gegründet.

Agrimand 
+++ Brandenburg Kapital, die BACB Beteiligungsgesellschaft und ein privater Hamburger Investor investieren eine siebenstellige Summe in Agrimand. Die Jungfirma bringt sich als “B2B-Marktplatz für die Agrarbranche” ins Spiel. Das Birkenwerder Unternehmen sieht sich dabei als eine “Mischung aus myHammer und Check24”. Die Geschäftsabwicklung erfolgt dabei direkt zwischen den beiden Vertragsparteien, die die Plattform nutzen. Mitgründer Lehmann bringt als Landwirtssohn das Branchenwissen mit ein.

Hanko
+++ Smart Infrastructure Ventures und Intershop-Mitgründer Roland Fassauer investieren in Hanko. Das Startup aus Kiel, das von Felix Magedanz gegründet wurde, bietet eine Lösung für passwortlose Multi-Faktor-Authentifizierung auf Basis der FIDO-Standards an. Zielgruppe sind Unternehmen, die Onlione-Plattformern und -Applikationen einer größeren Nutzerzahl zur Verfügung stellen. Insgesamt flossen nun schon 1,5 Millionen in Hanko.

EXITS

Vermietet.de
+++ Das Münchner Unternehmen Scout24, zu dem auch ImmoScout24 gehört, übernimmt Vermietet.de. Über Vermietet.de können Eigentümer ihre Immobilien verwalten, Kontakt mit Mieter:innen pflegen, Nebenkostenabrechnungen erstellen und Daten für Steuererklärungen erfassen. BitStone Capital, Company Builder, AXA, Berlin Technology Holding, Deutsche Bank, main incubator und Swiss Life investierten zuletzt einen mittleren einstelligen Millionenbetrag in das PropTech. Insgesamt flossen in den vergangenen Jahren rund 16 Millionen Euro in  Vermietet.de. Das PropTech wurde 2016 von Jannes Fischer gegründet. Auch nach der Übernahme bleibt Fischer als Geschäftsführer im Unternehmen tätig. “Die Dienstleistungen von Vermietet.de” sollen nun “mit der Produktpalette von ImmoScout24 kombiniert” werden. Der Kaufpreis ist bisher nicht bekannt. Mehr über Vermietet.de

sennder
+++ Das Berliner Logistik-Startup sennder übernimmt das niederländische Frachtunternehmen Cars&Cargo. “Durch den Erwerb von Cars&Cargo können gewerbliche Verlader in Frankreich, Deutschland und der Benelux-Region flexibel auf garantierte Kapazitäten zurückgreifen”, teilt das Unternehmen mit. sennder wurde 2015 von Julius Köhler, Nicolaus Schefenacker und David Nothacker gegründet. Zuletzt investierten Accel, Lakestar, HV Capital, Project A und Scania 160 Millionen US-Dollar in das Grownup. Insgesamt flossen bereits 260 Millionen Dollar in das Unicorn sennder. Mehr über sennder

Kinvolk
+++ 
Microsoft übernimmt das Berliner Unternehmen Kinvolk, das sich um Container-Umgebungen und Kubernetes kümmert. “We look forward to being able to focus our efforts on our open source work, to realizing the full potential of eBPF in Kubernetes with tools like Inspektor Gadget, and working on Kubernetes, systemd, and the many other communities we are active in”, teilt das Unternehmen mit. Kinvolk wurde 2015 in Berlin gegründet.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): azrael74

#agrimand, #agtech, #aktuell, #apetito, #bluu-biosciences, #born2grow, #brandenburg-kapital, #capnamic-ventures, #carscargo, #coparion, #dx-ventures, #endeit-capital, #ghost-restaurant, #hamburg, #hanko, #high-tech-grunderfonds, #insight-partners, #kiel, #kinvolk, #lubeck, #metismotion, #microsoft, #munchen, #parcellab, #proptech, #scout24, #sennder, #siemens-technology-accelerator, #smart-infrastructure-ventures, #venture-capital, #vermietet-de

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Cycode raises $20M to secure DevOps pipelines

Israeli security startup Cycode, which specializes in helping enterprises secure their DevOps pipelines and prevent code tampering, today announced that it has raised a $20 million Series A funding round led by Insight Partners. Seed investor YL Ventures also participated in this round, which brings the total funding in the company to $24.6 million.

Cycode’s focus was squarely on securing source code in its early days, but thanks to the advent of infrastructure as code (IaC), policies as code and similar processes, it has expanded its scope. In this context, it’s worth noting that Cycode’s tools are language and use case agnostic. To its tools, code is code.

“This ‘everything as code’ notion creates an opportunity because the code repositories, they become a single source of truth of what the operation should look like and how everything should function, Cycode CTO and co-founder Ronin Slavin told me. “So if we look at that and we understand it — the next phase is to verify this is indeed what’s happening, and then whenever something deviates from it, it’s probably something that you should look at and investigate.”

Cycode Dashboard

Cycode Dashboard. Image Credits: Cycode

The company’s service already provides the tools for managing code governance, leak detection, secret detection and access management. Recently it added its features for securing code that defines a business’ infrastructure; looking ahead, the team plans to add features like drift detection, integrity monitoring and alert prioritization.

“Cycode is here to protect the entire CI/CD pipeline — the development infrastructure — from end to end, from code to cloud,” Cycode CEO and co-founder Lior Levy told me.

“If we look at the landscape today, we can say that existing solutions in the market are kind of siloed, just like the DevOps stages used to be,” Levy explained. “They don’t really see the bigger picture, they don’t look at the pipeline from a holistic perspective. Essentially, this is causing them to generate thousands of alerts, which amplifies the problem even further, because not only don’t you get a holistic view, but also the noise level that comes from those thousands of alerts causes a lot of valuable time to get wasted on chasing down some irrelevant issues.”

What Cycode wants to do then is to break down these silos and integrate the relevant data from across a company’s CI/CD infrastructure, starting with the source code itself, which ideally allows the company to anticipate issues early on in the software life cycle. To do so, Cycode can pull in data from services like GitHub, GitLab, Bitbucket and Jenkins (among others) and scan it for security issues. Later this year, the company plans to integrate data from third-party security tools like Snyk and Checkmarx as well.

“The problem of protecting CI/CD tools like GitHub, Jenkins and AWS is a gap for virtually every enterprise,” said Jon Rosenbaum, principal at Insight Partners, who will join Cycode’s board of directors. “Cycode secures CI/CD pipelines in an elegant, developer-centric manner. This positions the company to be a leader within the new breed of application security companies — those that are rapidly expanding the market with solutions which secure every release without sacrificing velocity.”

The company plans to use the new funding to accelerate its R&D efforts, and expand its sales and marketing teams. Levy and Slavin expect that the company will grow to about 65 employees this year, spread between the development team in Israel and its sales and marketing operations in the U.S.

#access-management, #agile-software-development, #aws, #bitbucket, #checkmarx, #continuous-integration, #cycode, #devops, #enterprise, #funding, #fundings-exits, #github, #gitlab, #insight-partners, #israel, #jenkins, #recent-funding, #security, #security-tools, #software-development, #software-engineering, #startups, #tc, #united-states, #version-control, #yl-ventures

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Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners

Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the US VC/PE firm Insight Partners.

Germany’s Endeit Capital participated as a co-investor, alongside existing investors Capnamic Ventures and coparion. parcelLab last raised an undisclosed Series B in October 2019. The new funding will feed into parcelLab’s global expansion plans and new product development.

Founded in 2015 by Tobias Buxhoidt (CEO), Julian Krenge (CTO), and Anton Eder (COO), the startup has managed to bag such customers as Lidl, to which it provides automated personalized shipping messages. This means that as much as 85% of Lidl customers return to its website.

It also works with IKEA and Farfetch to increase basket sizes and email open rates of – it claims – over 90%, 25% reductions in WISMO (where is my order), and increases of customer reviews.   

In a statement Tobias Buxhoidt, CEO and Founder of parcelLab, said: “As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth. Identifying opportunities to further connect with people and build a better, stronger relationship is a key differentiator.”   
 
Matt Gatto, Managing Director at Insight Partners, said: “We pride ourselves in identifying and investing in software ScaleUp companies that are driving transformative change in their industries. In parcelLab, we see true potential to transform how brands and people connect.”

Endeit only recently raised a €250 million fund to invest in B-stage European startups, so this is its most recent deployment of capital.

Philipp Schroeder Partner at Endeit commented: “ParcelLab’s team is the perfect example of internet entrepreneurs that we want to support – entrepreneurs who can drive the change to make Europe more competitive and who have the ambition to become global market leaders.” 

ParcelLab’s main competitor is US-based Narvar which has raised $64M, with its last round being a Series C funding.

#business, #capnamic-ventures, #ceo, #coo, #cto, #e-commerce, #endeit-capital, #entrepreneurship, #europe, #farfetch, #germany, #ikea, #insight-partners, #internet-entrepreneurs, #munich, #partner, #retailers, #tc

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Splitwise raises $20M Series A to help everyone in the world divvy expenses

This morning Splitwise, a Providence, Rhode Island-based startup announced that it has closed a $20 million Series A.

The company builds consumer fintech software that helps users split expenses. But Splitwise isn’t a Venmo or Paytm clone. Instead of helping users wire money to their pals, the company leaves the transference of money to others. Splitwise simply wants to help reduce the stress and awkwardness that money puts on relationships of all sorts, CEO Jon Bittner told TechCrunch in an interview.

Roommates, partners, married couples with distinct finances, or just friends going on skiing trips all have to deal with shared expenses. And tracking down your friends or spouse or roomie for their cut of a cost is zero fun. Splitwise’s software makes it easier to track and come to terms with shared expenses. By keeping those costs in the open, and whom owes who, the app wants to keep debts clear so that folks don’t have to trip over each other when it comes to money.

The product concept has found a global audience. Per Bittner, Splitwise has attracted tens of millions of registered user who have shared or managed what it calculates to be $90 billion since 2011. The startup declined to share active user numbers, but as it is merely raising a Series A we gave it an early-stage pass on more concrete usage metrics.

Since Splitwise leaves the transference of monies amongst its users to others, it doesn’t make money off of transaction fees or stored consumer funds. So how does it make cash? By charging users $3 per month for its Pro service. Or more simply, Splitwise offers a consumer subscription to users who need more powerful cost-sharing software.

We lack metrics to illustrate how Splitwise’s subscription user-base looks, but Bittner said that the company’s conversion rate from free to paid has not declined as Splitwise’s free user base has scaled. We can infer, however, that as Insight Partners was willing to lead a $20 million investment into the company, its paid subscriber base is growing at at least a reasonable clip.

Before its Series A, Bittner told TechCrunch that his company had raised around $9 million.

Splitwise has long grown organically. As it was able to attract new users without paid spend, it managed to keep its costs low. That meant that it didn’t need to raise venture capital at the same velocity as some other consumer fintech companies. But by keeping its fundraising to a minimum, the company had to be somewhat careful in where it pointed its resources.

Its CEO said that Splitwise said that the new capital will allow the company to boost its product cadence.

But don’t expect all the money to go to making paid-only features. Splitwise was clear to TechCrunch that it wants its free experience to be sufficiently useful that users are willing to invite their friends to the service without risking bringing them into an overly-pushy commercial digital environment.

Its investors seem aligned with the thinking, with Insight Partners’ Boris Treskunov saying in a statement that he’s “excited to see the app become the go-to platform for easy cost-splitting among friends and family.” Mass adoption of that sort will require a robust free experience. Which means continued spend on the free-side of the startup’s freemium product work.

Splitwise is perhaps Providence’s best-known startup, though the recent Y Combinator graduate Pangea is giving it a run for its money lately when it comes to local notoriety. Regardless, the two companies are evidence that it’s possible to build growing tech companies outside of the handful of American cities most associated with startup work. Let’s see what Splitwise can do with its new capital, and what percent of its future hiring winds up being remote, versus local to its main hub.

#fundings-exits, #insight-partners, #providence, #splitwise, #startups, #tc

0

Materials Zone raises $6M for its materials discovery platform

Materials Zone, a Tel Aviv-based startup that uses AI to speed up materials research, today announced that it has raised a $6 million seed funding round led by Insight Partners, with participation from crowdfunding platform OurCrowd.

The company’s platform consists of a number of different tools, but at the core is a database that takes in data from scientific instruments, manufacturing facilities, lab equipment, external databases, published articles, Excel sheets and more, and then parses it and standardizes it. Simply having this database, the company argues, is a boon for researchers, who can then also visualize it as needed.

Image Credits: Materials Zone

“In order to develop new technologies and physical products, companies must first understand the materials that comprise those products, as well as those materials’ properties,” said Materials Zone founder and CEO Dr. Assaf Anderson. “Understanding the science of materials has therefore become a driving force behind innovation. However, the data behind materials R&D and production has traditionally been poorly managed, unstructured, and underutilized, often leading to redundant experiments, limited capacity to build on past experience, and an inability to effectively collaborate, which inevitably wastes countless dollars and man-hours.”

Image Credits: Materials Zone

Before founding Materials Zone, Anderson spent time at the Bar Ilan University’s Institute for Nanotechnology and Advanced Materials, where he was the head of the Combinatorial Materials lab.

Assaf Anderson, Ph.D., founder and CEO of Materials Zone

Assaf Anderson, PhD, founder/CEO of Materials Zone. Image Credits: Materials Zone

“As a materials scientist, I have experienced R&D challenges firsthand, thereby gaining an understanding of how R&D can be improved,” Anderson said. “We developed our platform with our years of experience in mind, leveraging innovative AI/ML technologies to create a unique solution for these problems.”

He noted that in order to, for example, develop a new photovoltaic transparent window, it would take thousands of experiments to find the right core materials and their parameters. The promise of Materials Zone is that it can make this process faster and cheaper by aggregating and standardizing all of this data and then offer data and workflow management tools to work with it. Meanwhile, the company’s analytical and machine learning tools can help researchers interpret this data.

 

#artificial-intelligence, #insight-partners, #machine-learning, #materials-science, #materials-zone, #ml, #nanotechnology, #ourcrowd, #recent-funding, #science, #science-and-technology, #startups, #tel-aviv

0

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

With the increase of digital transacting over the past year, cybercriminals have been having a field day.

In 2020, complaints of suspected internet crime surged by 61%, to 791,790, according to the FBI’s 2020 Internet Crime Report. Those crimes — ranging from personal and corporate data breaches to credit card fraud, phishing and identity theft — cost victims more than $4.2 billion.

For companies like Sift — which aims to predict and prevent fraud online even more quickly than cybercriminals adopt new tactics — that increase in crime also led to an increase in business.

Last year, the San Francisco-based company assessed risk on more than $250 billion in transactions, double from what it did in 2019. The company has over several hundred customers, including Twitter, Airbnb, Twilio, DoorDash, Wayfair and McDonald’s, as well a global data network of 70 billion events per month.

To meet the surge in demand, Sift said today it has raised $50 million in a funding round that values the company at over $1 billion. Insight Partners led the financing, which included participation from Union Square Ventures and Stripes.

While the company would not reveal hard revenue figures, President and CEO Marc Olesen said that business has tripled since he joined the company in June 2018. Sift was founded out of Y Combinator in 2011, and has raised a total of $157 million over its lifetime.

The company’s “Digital Trust & Safety” platform aims to help merchants not only fight all types of internet fraud and abuse, but to also “reduce friction” for legitimate customers. There’s a fine line apparently between looking out for a merchant and upsetting a customer who is legitimately trying to conduct a transaction.

Sift uses machine learning and artificial intelligence to automatically surmise whether an attempted transaction or interaction with a business online is authentic or potentially problematic.

Image Credits: Sift

One of the things the company has discovered is that fraudsters are often not working alone.

“Fraud vectors are no longer siloed. They are highly innovative and often working in concert,” Olesen said. “We’ve uncovered a number of fraud rings.”

Olesen shared a couple of examples of how the company thwarted fraud incidents last year. One recently involved money laundering through donation sites where fraudsters tested stolen debit and credit cards through fake donation sites at guest checkout.

“By making small donations to themselves, they laundered that money and at the same tested the validity of the stolen cards so they could use it on another site with significantly higher purchases,” he said. 

In another case, the company uncovered fraudsters using Telegram, a social media site, to make services available, such as food delivery, with stolen credentials.

The data that Sift has accumulated since its inception helps the company “act as the central nervous system for fraud teams.” Sift says that its models become more intelligent with every customer that it integrates.

Insight Partners Managing Director Jeff Lieberman, who is a Sift board member, said his firm initially invested in Sift in 2016 because even at that time, it was clear that online fraud was “rapidly growing.” It was growing not just in dollar amounts, he said, but in the number of methods cybercriminals used to steal from consumers and businesses.

Sift has a novel approach to fighting fraud that combines massive data sets with machine learning, and it has a track record of proving its value for hundreds of online businesses,” he wrote via email.

When Olesen and the Sift team started the recent process of fundraising, Insight actually approached them before they started talking to outside investors “because both the product and business fundamentals are so strong, and the growth opportunity is massive,” Lieberman added.

“With more businesses heavily investing in online channels, nearly every one of them needs a solution that can intelligently weed out fraud while ensuring a seamless experience for the 99% of transactions or actions that are legitimate,” he wrote. 

The company plans to use its new capital primarily to expand its product portfolio and to scale its product, engineering and sales teams.

Sift also recently tapped Eu-Gene Sung — who has worked in financial leadership roles at Integral Ad Science, BSE Global and McCann — to serve as its CFO.

As to whether or not that meant an IPO is in Sift’s future, Olesen said that Sung’s experience of taking companies through a growth phase such as what Sift is experiencing would be valuable. The company is also for the first time looking to potentially do some M&A.

“When we think about expanding our portfolio, it’s really a buy/build partner approach,” Olesen said.

#airbnb, #artificial-intelligence, #board-member, #credit-card, #credit-card-fraud, #crime, #crimes, #cybercrime, #doordash, #federal-bureau-of-investigation, #food-delivery, #fraud, #funding, #fundings-exits, #identity-theft, #insight-partners, #jeff-lieberman, #machine-learning, #mcdonalds, #online-fraud, #private-equity, #recent-funding, #san-francisco, #sift, #startup, #startups, #stripes, #tc, #twilio, #union-square-ventures, #wayfair, #y-combinator

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After a decade of bootstrapping, Octopus Deploy raises $172.5M from Insight Partners

A photo of Octopus Deploy's chief financial officer Sonia Stovell and chief executive officer Paul Stovell

Octopus Deploy’s chief financial officer Sonia Stovell and chief executive officer Paul Stovell

Founded almost a decade ago, Octopus Deploy has grown to serve 25,000 organizations, including Microsoft, NASA, Xero, Disney and Stack Overflow, through bootstrapping. Today the company announced its first outside investment. Insight Partners has taken a minority stake in Octopus Deploy for $172.5 million and will help the automated enterprise software deployment company embark on its next stage of growth.

Octopus Deploy was launched after founder and chief executive officer Paul Stovell observed that many software teams were able to set up continuous integration (CI) servers, but struggled to achieve full continuous deployment (CD). Stovell and his wife Sonia Stovell, Octopus Deploy’s chief financial officer, began working on the company as a “nights-and-weekend” project in 2011. By the next year, it had reached profitability. Now Octopus Deploy employs more than 100 people in Australia, the United States and the United Kingdom.

Insight Partners works with software companies to scale up their operations. Other portfolio companies in its ScaleUp Network include Pluralsight, Shopify, Twitter, Calm and Qualtrics. Octopus Deploy plans to use its investment to increase its enterprise market share, especially in the United States.

Stovell told TechCrunch in an email that Octopus Deploy has “declined venture approaches and have been turning away VC firms for years. However, the growth path we’ve been on meant that at some point, it might make sense to bring on an investor.”

“Our largest customer segment was the enterprise, and after consideration, we decided it was the right step to bring on board an investor that understood enterprise go-to-market, scaling up a company, and a partner that understood what the next 5-10 years of growth will look like for Octopus,” he added.

In a press statement, Insight Partners managing director Michael Triplett said, “We routinely talk to our portfolio companies about the products they use or that their customers are using and Octopus Deploy came up over and over. The company has flown under the radar, but when you talk to their customers, they are huge fans. It is clear to us that Octopus is the leader in enterprise deployment automation.”

#australia, #continuous-deployment, #enterprise, #fundings-exits, #insight-partners, #octopus-deploy, #startups, #tc

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#DealMonitor – #EXKLUSIV Project A und GFC investieren in amazd – Tiger Global vor Investment in Pitch – Cavalry Ventures investiert in Blok


Im aktuellen #DealMonitor für den 22. März werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

amazd
+++ Project A Ventures und Global Founders Capital (GFC) investieren in amazd. Das Münchner Startup, das von Fabian Furtmeier und Dominik Unützer (beide zuletzt Global Founders Capital) gegründet wurde, möchte Shopbetreibern helfen, mehr Umsatz zu erzielen. “They aim to bridge the gap between the offline and online retail world by bringing the kind of curated, face-to-face advice from the offline world to the E-Commerce sphere”, heißt es in einer Stellenanzeige der Jungfirma. Weitere Infos gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Pitch
+++ Tiger Global steht vor einem Investment in Pitch. Mit Pitch möchte Wunderlist-Gründer Christian Reber Präsentationen für die Generation Slack bauen. Thrive Capital und Co. investierten zuletzt 30 Millionen US-Dollar in Pitch. Index Ventures, BlueYard und Frank Thelen, der schon Wunderlist unterstützte, zuvor bereits 19 Millionen Dollar in das Startup. Nach unseren Informationen bewerteten die Geldgeber das Startup zuletzt mit 170 Millionen Dollar (Pre-Money). Weitere Infos gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Blok
+++ Der Berliner Kapitalgeber Cavalry Ventures investiert in den spanischen Gorillas Klon Blok. Die Jungfirma beschreibt sich als “On-demand grocery delivery service”. In der Pre-Seed-Investmentrunde sammelte das Startup, das Anfang 2021 gegründet wurde, bereits 1 Millionen Euro ein. Nun sucht das sehr junge Unternehmen – ohne große Erfahrungswerte im Segment – 15 Millionen Euro. Weitere Infos gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

GraphCMS 
+++ Das junge Gießener Unternehmen GraphCMS plant derzeit eine weitere – große – Investmentrunde. Der Berliner Kapitalgeber Paua Ventures und einige Business Angels investieren2018 bereits 1 Million US-Dollar in das Startup. 2020 flossen dann weitere 2,5 Millionen Euro in das Unternehmen – unter anderem von Peak Capital. Weitere Infos gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Anzeige
+++ In unserem Newsletter Startup-Radar berichten wir einmal in der Woche über neue Startups. Alle Startups stellen wir in unserem kostenpflichtigen Newsletter kurz und knapp vor und bringen sie so auf den Radar der Startup-Szene. Jetzt unseren Newsletter Startup-Radar abonnieren und 30 Tage kostenlos testen!

wefox
+++ Das junge InsurTech wefox, das 2014 in der Schweiz an den Start ging, plant 250 Millionen US-Dollar einzusammen – siehe Sky News. “Sources said on Thursday that Target Global, a German-headquartered fund which has backed start-ups such as Delivery Hero and the ride-hailing app Lyft, was expected to lead the round with a $100m investment”, heißt es im Artikel. Zudem berichtet auch Sifted über wefox: “Sifted can reveal that the Berlin-based startup has recently hired Sachs as it tries to close out a Series C raise that has dragged on since last year”. Harbert Management Corporation und weitere Investoren investierten zuletzt rund 100 Millionen Euro in das Unternehmen zu dem auch der Versicherer One gehört.

Camunda
+++ Insight Partners und Highland Europe investieren 82 Millionen Euro in Camunda. Mit der neuen Finanzspritze möchte das Berliner Unternehmen sein “Wachstum beschleunigen und die Führung im sich schnell entwickelnden globalen Markt für Prozessautomatisierung weiter ausbauen”. Highland Europe investierte 2018 bereits 25 Millionen Euro in das Berliner IT-Unternehmen, das 2008 von Jakob Freund gegründet wurde. Camunda entwickelt Software für die Automatisierung von Geschäftsprozessen.  “Insight Partners unterstützt Camunda über die Investition hinaus künftig auch darin, das eigene Unternehmen besser zu skalieren sowie Produktentwicklung, Vertrieb und Marketing im Rahmen der globalen Expansion zu beschleunigen”, teilt der Open-Source-Softwareanbieter mit.

Roadsurfer 
+++  HV Capital, Heartcore Capital und die Altinvestoren investieren 24 Millionen Euro in Roadsurfer. Das Münchner Startups, das 2016 von Markus Dickhard, Stephie Niemann, Christoph Niemann, Jean-Marie Klein und Susanne Dickhardt gegründet wurde, vermietet Camper. Derzeit bietet das Unternehmen nach eigenen Angaben über 2.500 Camper an 22 Standorten in mehreren europäischen Länder an – darunter Deutschland, Frankreich, Spanien und Portugal. Mittlerweile arbeiten 230 Mitarbeiter:innen für Roadsurfer. Der Münchner Angel-Verbund 10x Group, hinter dem Andreas Etten, Felix Haas, Jan Becker und Robert Wuttke stecken, investierte bereits zuvor in Roadsurfer.

Clinomic 
+++  Ein Konsortium aus Privatinvestoren und Family Offices aus Deutschland und Österreich investieren 7 Millionen Euro Clinomic – siehe Gründerszene. Das 2019 als Spin-off der RWTH Aachen gegründete Startup entwickelt mit Mona ein Assistenzsystem für Intensivstationen. “Das Zusammenwirken von translationaler Forschung, Data Science und Computational Intelligence schafft neue, bahnbrechende Möglichkeiten”, verspricht das Unternehmen, das von Lukas Martin und Arne Peine gegründet wurde.

y42
+++ La Famiglia sowie die Gründer von Foodspring, Personio, AeroMobil und Petlab investieren 2,9 Millionen US-Dollar in y42, früher als Datos Intelligence bekannt. “The funding will help us pursue our mission and further support our go-to-market strategy as well as product development”, teilt das Startup mit.  Die Jungfirma beschreibt sich so: “y42 is a no-code business intelligence platform for loading, cleaning, connecting, visualizing and sharing data”.  y42 wurde von Hung Dang gegründet.

Easy-Tutor
+++ Bayern Kapital und “ein Konsortium branchenerfahrener Business Angels” investieren eine siebenstellige Summe in Easy-Tutor aus München. Das Startup entwickelt eine Online-Nachhilfe- und Lernplattform für Schüler und Studenten. Easy-Tutor wurde Anfang 2017 von Massimo Cancellara Alexander Liebisch und Jessica Contento gegründet. “Die Kapitalaufstockung trägt dem starken Wachstum des jungen Unternehmens Rechnung: Mehr als 4000 Schüler nutzen das Angebot von Easy-Tutor bereits”, teilt das Unternehmen mit.

Naughty Nuts
+++ Döhler Ventures investiert in Naughty Nuts. Bei Naughty Nuts aus Köln dreht sich alles um Nüsse. “Wir kreieren innovatives Bio Nussmus aus 100 % natürlichen Zutaten. Damit sorgen wir für ein überraschendes Geschmackserlebnis und zeigen wie vielseitig Nussmus ist”, schreiben die Gründer Benjamin Porten und Lorenz Greiner zum Konzept. Döhler Ventures aus Darmstadt investierte in der Vergangenheit in Food-Startups wie Just Spices, BrauFässchen und waterdrop.

Planstack
+++ Interlink Ventures und der Company Builder High Rise Ventures investieren in Planstack. Mit digitaler Baudokumentation möchte Planstack agiles Arbeiten zwischen Bauunternehmern, Gewerken und Käufern vereinfachen. In der webbasierten Anwendung werden alle Projektbeteiligten auf einer Plattform zusammengeführt. Das Augsburger Startup wurde 2019 von Linda Mayr und Sascha Schütz gegründet.

Lhotse Analytics
+++ Die Investitions- und Strukturbank Rheinland-Pfalz (ISB) investiert in Lhotse Analytics aus Koblenz. Das Unternehmen entwickelt eine Software für den strategischen Einkauf, die durch “intern entwickelte Algorithmen und Business Intelligence Einsparpotenziale aufzeigt”. Die Jungfirma wird von Nicolas Neubauer und Daniel Demuth geführt.

VENTURE CAPITAL

Planet A Ventures
+++ In Hamburg entsteht mit Planet A Ventures derzeit ein neuer Kapitalgeber. Vorangetrieben wird der Early Stage-Investor von Jimdo-Gründer Fridtjof Detzner, Tobias Seikel (zuletzt Hanse Ventures), Christian Schad, Lena Thiede und Nick de la Forge. Das Team plant Impact-Investments, bei der eine wissenschaftliche Sichtweise auf die Ökobilanz, im Fokus stehen. Das sogenannte First Closing (50 Millionen Euro) ist für den Sommer geplant. Bis zum kommenden Jahr möchten die Hanseaten dann 100 Millionen einsammeln. Vor dem offiziellen Start plant das Planet A Ventures-Team fünf Investments – darunter nach unseren Informationen ein Investment in Dance, das neue Mobility-Startups von Jimdo-Gründer Christian Springub. Weitere Infos gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

PODCAST

Insider #98
+++ Schon die neue Insider-Ausgabe mit Sven Schmidt gehört? In der aktuellen Folge geht es um: Amazd, Pitch, Planet A Ventures, Dance, Blok, likeminded, GraphCMS, Klaus Hommels, Fit Analytics, Patient 21, Enpal, Babbel, Volocopter, Lampenwelt, About You und Mister Spex.

Abonnieren: Die Podcasts von deutsche-startups.de könnt ihr bei Amazon Music – Apple Podcasts – Castbox – Deezer – Google Podcasts – iHeartRadio – Overcast – PlayerFM – Podimo – Spotify – SoundCloud oder per RSS-Feed abonnieren.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): azrael74

#10x-group, #aaachen, #aktuell, #amazd, #bayern-kapital, #blok, #camping, #camunda, #cavalry-ventures, #clinomic, #contech, #datos-intelligence, #dohler-ventures, #e-health, #e-learning, #easy-tutor, #food, #giesen, #global-founders-capital, #graphcms, #heartcore-capital, #high-rise-ventures, #highland-europe, #hv-capital, #insight-partners, #insurtech, #interlink-ventures, #koblenz, #koln, #la-famiglia, #lhotse-analytics, #medtech, #munchen, #naughty-nuts, #pitch, #planstack, #project-a-ventures, #roadsurfer, #tiger-global, #venture-capital, #wefox, #y42

0

Aqua Security raises $135M at a $1B valuation for its cloud native security service

Aqua Security, a Boston- and Tel Aviv-based security startup that focuses squarely on securing cloud-native services, today announced that it has raised a $135 million Series E funding round at a $1 billion valuation. The round was led by ION Crossover Partners. Existing investors M12 Ventures, Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates and Acrew Capital also participated. In total, Aqua Security has now raised $265 million since it was founded in 2015.

The company was one of the earliest to focus on securing container deployments. And while many of its competitors were acquired over the years, Aqua remains independent and is now likely on a path to an IPO. When it launched, the industry focus was still very much on Docker and Docker containers. To the detriment of Docker, that quickly shifted to Kubernetes, which is now the de facto standard. But enterprises are also now looking at serverless and other new technologies on top of this new stack.

“Enterprises that five years ago were experimenting with different types of technologies are now facing a completely different technology stack, a completely different ecosystem and a completely new set of security requirements,” Aqua CEO Dror Davidoff told me. And with these new security requirements came a plethora of startups, all focusing on specific parts of the stack.

Image Credits: Aqua Security

What set Aqua apart, Dror argues, is that it managed to 1) become the best solution for container security and 2) realized that to succeed in the long run, it had to become a platform that would secure the entire cloud-native environment. About two years ago, the company made this switch from a product to a platform, as Davidoff describes it.

“There was a spree of acquisitions by CheckPoint and Palo Alto [Networks] and Trend [Micro],” Davidoff said. “They all started to acquire pieces and tried to build a more complete offering. The big advantage for Aqua was that we had everything natively built on one platform. […] Five years later, everyone is talking about cloud-native security. No one says ‘container security’ or ‘serverless security’ anymore. And Aqua is practically the broadest cloud-native security [platform].”

One interesting aspect of Aqua’s strategy is that it continues to bet on open source, too. Trivy, its open-source vulnerability scanner, is the default scanner for GitLab’s Harbor Registry and the CNCF’s Artifact Hub, for example.

“We are probably the best security open-source player there is because not only do we secure from vulnerable open source, we are also very active in the open-source community,” Davidoff said (with maybe a bit of hyperbole). “We provide tools to the community that are open source. To keep evolving, we have a whole open-source team. It’s part of the philosophy here that we want to be part of the community and it really helps us to understand it better and provide the right tools.”

In 2020, Aqua, which mostly focuses on mid-size and larger companies, doubled the number of paying customers and it now has more than half a dozen customers with an ARR of over $1 million each.

Davidoff tells me the company wasn’t actively looking for new funding. Its last funding round came together only a year ago, after all. But the team decided that it wanted to be able to double down on its current strategy and raise sooner than originally planned. ION had been interested in working with Aqua for a while, Davidoff told me, and while the company received other offers, the team decided to go ahead with ION as the lead investor (with all of Aqua’s existing investors also participating in this round).

“We want to grow from a product perspective, we want to grow from a go-to-market [perspective] and expand our geographical coverage — and we also want to be a little more acquisitive. That’s another direction we’re looking at because now we have the platform that allows us to do that. […] I feel we can take the company to great heights. That’s the plan. The market opportunity allows us to dream big.”

 

#acrew-capital, #aqua, #aqua-security, #boston, #checkpoint, #cloud, #cloud-computing, #cloud-infrastructure, #cloud-storage, #computing, #docker, #enterprise, #greenspring-associates, #insight-partners, #ion-crossover-partners, #kubernetes, #lightspeed-venture-partners, #palo-alto, #recent-funding, #security, #serverless-computing, #software, #startups, #tc, #tel-aviv, #tlv-partners

0

Identiq, a privacy-friendly fraud prevention startup, secures $47M at Series A

Israeli fraud prevention startup Identiq has raised $47 million at Series A as the company eyes international growth, driven in large part by the spike in online spending during the pandemic.

The round was led by Insight Partners and Entrée Capital, with participation from Amdocs, Sony Innovation Fund by IGV, as well as existing investors Vertex Ventures Israel, Oryzn Capital, and Slow Ventures.

Fraud prevention is big business, which is slated to be worth $145 billion by 2026, ballooning by eightfold in size compared to 2018. But it’s a data hungry industry, fraught with security and privacy risks, having to rely on sharing enormous sets of consumer data in order to learn who legitimate customers are in order to weed out the fraudsters, and therefore.

Identiq takes a different, more privacy-friendly approach to fraud prevention, without having to share a customer’s data with a third-party.

“Before now, the only way companies could solve this problem was by exposing the data they were given by the user to a third party data provider for validation, creating huge privacy problems,” Identiq’s chief executive Itay Levy told TechCrunch. “We solved this by allowing these companies to validate that the data they’ve been given matches the data of other companies that already know and trust the user, without sharing any sensitive information at all.”

When an Identiq customer — such as an online store — sees a new customer for the first time, the store can ask other stores in Identiq’s network if they know or trust that new customer. This peer-to-peer network uses cryptography to help online stores anonymously vet new customers to help weed out bad actors, like fraudsters and scammers, without needing to collect private user data.

So far, the company says it already counts Fortune 500 companies as customers.

Identiq said it plans to use the $47 million raise to hire and grow the company’s workforce, and aims to scale up its support for its international customers.

#articles, #cryptography, #customer-data, #digital-rights, #entree-capital, #human-rights, #identity-management, #insight-partners, #marketing, #online-shopping, #online-stores, #peer-to-peer, #privacy, #security, #slow-ventures, #sony, #sony-innovation-fund, #startups, #terms-of-service, #vertex-ventures

0

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

Many founders talk about their desire for a more diverse investor base. Richie Serna took that desire and made it a reality.

Serna, who founded payments infrastructure startup Finix in 2016, had raised more than $95 million in venture funding from the likes of Lightspeed Venture Partners, American Express Ventures, Homebrew, Precursor Ventures, Insight Partners, Bain Capital Ventures, Visa and Activant Capital.

The San Francisco-based fintech last raised $30 million in an extension of its Series C round last August. At the time, Finix — which says its mission is to make every company a payments company — said it had seen its transaction volume more than quadruple from Q2 2019 to Q2 2020.

But Serna, a first-generation Mexican-American who was the first in his family to go to college (Harvard), wanted to broaden his company’s cap table even further. So he created a special purpose vehicle (SPV) that ultimately raised an additional $3 million and brought more than 80 “traditionally marginalized” investors onto Finix’s cap table. 

“This is very personal for me as a founder of color — making sure we have a diverse representation of people in our investor base,” Serna said.

Finix CEO and founder Richie Serna – Image courtesy of Finix

The effort, Serna added, was more than just diversifying his company’s cap table. It was also an initiative aimed at giving Black and Latinx investors access to an opportunity they may not have otherwise had. Indeed, the numbers are dismal. A recent NVCA-Deloitte Human Capital Survey found that 80% of investment partners at VC firms are white, and just 3% are Black and 3% are Hispanic/Latinx.

“This is about helping historically underrepresented groups build track records and get attribution for the work to help them start their careers and hopefully one day start their own fund,” Serna told TechCrunch. “So this is just one way that we at Finix can construct a rewrite of the story about the lack of diversity in Silicon Valley.”

It’s also not a one-time thing. Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.

Jewel Burks Solomon, managing partner of Collab Capital and head of Google for Startups, U.S. said the opportunity to invest in “a high growth company like Finix at a time that is typically reserved for a very select group of highly connected (usually white) investors is a big deal.”

“Access is the primary determinant of wealth creation,” Atlanta, Ga.-based Solomon added. “So creating an opportunity for access to folks who might not otherwise have it is game-changing.”

For Tiffani Ashley Bell, founder and executive director of The Human Utility (and now Finix investor), the SPV gives “talented, knowledgeable investors and operators from diverse backgrounds — especially Black and Latinx people — who have traditionally been excluded from investing early in rocket ship startups” a chance to be able to do so. 

While fundraising, Finix was also hiring for senior executive positions and through the process was able to find a few who came with a breadth of experience to help the company advance on its long-term goals — including the possibility of going public one day. As a result, its C-suite is now made up of a Mexican American (CEO), a woman (COO), a Black American (CGO, or chief growth officer) and an Indian American (CTO). 

For example, the company recently hired Fiona Taylor — who helped steer Solar City’s IPO and acquisition by Tesla and most recently served as Marqeta’s SVP of operations — to serve as its COO. 

The startup also tapped Ramana Satyavarapu to serve as its CTO. Satyavarapu was a founding member of Microsoft Office 365 and the head of engineering for Google Play Search. He also led software infrastructure engineering at Uber and was most recently the head of data platforms & products at Two Sigma, a quantitative hedge fund. 

Today, Finix has about 100 employees, 50% of whom Serna says he’s never met. The company plans to double its headcount over the next year.

On whether the new hires mean that an IPO was in Finix’s future, Serna replied: “We always like to think that we’re not just building for the next year, we’re building for the future. And I think if you look at the group that we’ve brought together, it’s pretty clear in terms of the direction that we’re trying to head as an organization.”

In looking ahead, Serna said he’s also excited about the potential of the SPV to add diversity to his company’s cap table.

“Black investors and other Latinx entrepreneurs were the first people to believe in me and back Finix,” he added. “I’m honored to pay it forward by creating the SPV, and I hope other founders are inspired to do the same.”

#activant-capital, #american-express-ventures, #bain-capital-ventures, #diversity, #finance, #finix, #funding, #homebrew, #insight-partners, #lightspeed-venture-partners, #payments, #precursor-ventures, #recent-funding, #richie-serna, #san-francisco, #startups, #techcrunch-include

0

India’s BharatPe valued at $900 million in new $108 million fundraise

India may soon have another fintech unicorn. BharatPe said on Thursday it has raised $108 million in a financing round that valued the New Delhi-based financial services startup at $900 million.

Coatue Management led the three-year-old startup’s Series D round. Other six existing institutional investors — Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital — also participated in the round, which brings BharatPe’s total to-date raise to $233 million in equity and $35 million in debt.

The startup said as part of the new financing round it returned $17.17 million to its angel investors and employees with stock option.

“With the balance sheet well capitalized (more than US$ 200M in bank), we are now going to keep our heads down and deliver US$30B TPV and build a loan book of US$ 700mn with small merchants by March 2023,” said Ashneer Grover, co-founder and chief executive of BharatPe.

BharatPe operates an eponymous service to help offline merchants accept digital payments and secure working capital. Even as India has already emerged as the second largest internet market, with more than 600 million users, much of the country remains offline.

Among those outside of the reach of the internet are merchants running small businesses, such as roadside tea stalls and neighborhood stores. To make these merchants comfortable with accepting digital payments, BharatPe relies on QR codes and point of sale machines that support government-backed UPI payments infrastructure.

Scores of giants and startups are attempting to serve neighborhood stores in India.

The startup said it had deployed over 50,000 PoS machines by November of last year, and enables monthly transactions worth more than $123 million. It does not charge merchants for universal QR code access, but is looking to make money by lending. Grover said the startup’s lending business grew by 10x in 2020.

“This growth reiterates the trust that the small merchants and kirana store owners have showed in us. This is just the beginning of our journey and we are committed to build India’s largest B2B financial services company that can serve as one-stop destination for small merchants. For BharatPe, merchants will always be at the core of everything we build,” he said.

BharatPe’s growth is impressive especially because it was not the first startup to help merchants. In a recent report to clients, analysts at Bank of America said BharatPe has proven that fintech is not the winner takes all market.

“BharatPe perhaps has the late mover advantages in the space. It was one of the first companies to act as a universal consolidator of QR codes on UPI, giving the merchant the advantage to have one QR code (eventually others like Paytm followed). Unlike its Fintech peers, BharatPe is not educating the merchants but instead following its larger peers who have already educated the merchants,” they wrote in the report, reviewed by TechCrunch.

The startup, which has presence in 75 cities today, plans to further expand its network in the nation with the new fund.

#amplo, #apps, #asia, #beenext, #bharatpe, #coatue-management, #finance, #funding, #india, #insight-partners, #online-lending, #paytm, #ribbit-capital, #sequoia-capital, #steadview-capital

0

Venture capital is going to get even bigger, faster, and more expensive this year

The venture capital market has skewed later and larger in recent quarters, something you might have felt in the rapid recent pace of new unicorn formation. December was a hot month for new unicorns, for example. So was January. February likely will be more of the same.

Powering those unicorns births are huge rounds led by large funds. In 2020, for example, there were at least 97 global fintech rounds worth $100 million or more. That number was up from 92 in 2019 and 66 in 2018. Each preceding year was a prior record.


The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.


It’s possible to see how venture is trending towards bigger, later-stage rounds in other pieces of private market data. Venture capital in Europe during Q4 2020 set a record for dollars invested, some $14.3 billion, for example. But that money was spread against the continent’s lowest deal count since Q4 2019.

The result of that divergence has been rising deal sizes in Europe. A median Series B on the continent saw its value double from $10 million in 2016 to $20 million in 2020, for example.

Adding to the pile of numbers, the US startup industry raised around 90 rounds worth $100 million or more in Q3 2020 alone.

The data goes on and on. If you read essentially any recent TechCrunch piece concerning the state of venture capital, private rounds are getting bigger as unicorns propagate, and the pace at which the market manages to find exits for the largest startups lags their aggregate value creation.

2021 could be more than just more of the same; this year could set fresh records for private investment results.

Parsing data from Silicon Valley Bank’s most recent markets’ report, I’ve pulled a few trends that help illustrate where the startup and private capital markets are heading this year. And, for flavor, I’ve also collected some data from an Insight Partners’ dive into the impact that middle-ages startups have on job creation. That final set of data will illustrate how quickly the startup market has bounced back from COVID-19 lows to near-record numbers and what that rebound could mean for 2021.

It’s going to be one hell of a year. Let’s talk about why.

2020’s venture capital market

#fundings-exits, #insight-partners, #startups, #tc, #the-exchange

0

Weights & Biases raises $45M for its machine learning tools

Weights & Biases, a startup building tools for machine learning practitioners, is announcing that it’s raised $45 million in Series B funding.

The company was founded by Lukas Biewald, Chris Van Pelt and Shawn Lewis — Biewald and Van Pelt previously founded CrowdFlower/Figure Eight (acquired by Appen). Weights & Biases says it now has more than 70,000 users at more than 200 enterprises.

Biewald (who I’ve known since college) argued that while machine learning practitioners are often compared to software developers, “they’re more like scientists in some ways than engineers.” It’s a process that involves numerous experiments, and Weights & Biases’ core product allows practitioners to track those experiments, while the company also offers tools around dataset versioning, model evaluation and pipeline management.

“If you have a model that’s controlling a self-driving car and the car crashes you really want to know what happened,” Biewald said. “If you built that model year ago and you’ve run all these experiments since then, it can be hard to systematically trace through what happened” unless you’re using experiment tracking.

He described the startup as “an early leader” in this market, and as competing tools emerge, eh said it’s also differentiated by “completely focused on the ML practitioner” rather than top-down enterprise sales. Similarly, he said that as machine learning has been adopted by more widely, Weights & Biases is occasionally confronted by a “high-class problem.”

Weights & Biases screenshot

Image Credits: Weights & Biases

“We’re not interested in selling to companies that are doing machine learning for machine learning’s sake,” Biewald said. “With some companies, there’s a mandate from the CEO to sprinkle some machine learning in the company. That’s just really depressing to me, to not have any impact. But I would actually say the vast majority of companies that we talk to really do something useful.”

For example, he said agriculture giant John Deere is using the startup’s platform to continually improve the way it uses robotics to spray fertilizer, rather than pesticide, to kill weeds and pests. And there are pharmaceutical companies using the platform as how they model how different molecules will behave.

Weights & Biases previously raised $20 million in funding. The new round was led by Insight Partners, with participation from Coatue, Trinity Ventures and Bloomberg Beta. Insight’s George Mathew is joining the board of directors.

“I’ve never seen a MLOps category leader with such a high NPS and deep customer focus as Weights and Biases,” Mathew said George Mathew said in a statement.“It’s an honor to make my first investment at Insight to serve an ML practitioner user-base that grew 60x these last two years.”

The startup says it will use the funding to continue hiring in engineering, growth, sales and customer success.

#artificial-intelligence, #enterprise, #funding, #fundings-exits, #insight-partners, #lukas-biewald, #machine-learning, #startups, #weights-biases

0

SetSail nabs $26M Series A to rethink sales compensation

SetSail wants to upend the way sales people get compensated by paying them throughout the sales cycle, rather than a single commission after the sale closes. Today, the startup announced a $26 million Series A.

Insight Partners led the round with participation from existing investors Wing Venture Capital, Team8 and Operator Collective. Today’s investment brings the total raised to $37 million, according to the company.

SetSail connects to your CRM, email, calendar and other systems that have signals about the progress of a particular sale, and then using machine learning looks at points in the sales cycle where it would make sense to reward the sales person for the progress they are making.

As CEO and co-founder Haggai Levi told me at the time of the startup’s $7 million seed round in July, the single commission system discourages risk taking:

“If I’m closing the deal, I’m getting my commission. If I’m not closing the deal, I’m getting nothing. That means from a behavioral point of view, I would take the shortest path to win a deal, and I would take the minimum risk possible. So if there’s a competitive situation I will try to avoid that,” he said in July.

He said the idea of changing the way we think about compensation resonated with sales executives during the pandemic, especially as everyone’s role got altered and teams became distributed because of COVID, but he says while rethinking compensation was certainly a big factor so was SetSail’s ability to connect to all of the sales systems to help build these new approaches to pay.

“I think it’s even beyond just compensation. […] It’s also connecting to all of your data using an end-to-end platform that helps you understand what’s happening between you, your reps and your customers and allowing you to tie that back in using behavioral science to machine learning-based compensation,” he explained.

The company began 2020 with five customers, a reasonable start for an early stage startup, but it ended the year with more than 20 including Cisco, Dropbox and HubSpot. It now has over 5000 sales reps using the platform.

In spite of the growing number of users, Levi says they have no plans to aggregate data, leaving each customer’s data as distinct to build the compensation packages that make sense to them. “We try not to play kind of the data, aggregator role because we want to make sure that every customer’s data is encrypted and secured in a completely different container. The trade off between getting knowledge between customers versus receiving their data is is too high in our opinion,” he said.

The company now has 35 employees with five more hired who will be starting in the next several weeks and plans to reach 70 by the end of the year. They are thinking hard about how to hire a diverse workforce. For starters, Levi says that the company board has two female members. He says hiring in general is a challenge for every CEO, especially early on, and hiring a diverse group even more so, but he says it’s important to be thinking about this from the start because from a gender perspective at least, you are losing half the talent pool if you ignore it.

When the pandemic is over, he sees having at least some in-person office presence in spite of being spread out across San Francisco, New York and Tel Aviv, but it will be probably be a hybrid approach and not require as much office space as they might have rented prior to COVID.

#enterprise, #insight-partners, #recent-funding, #saas, #sales-tools, #setsail, #startups, #tc

0

Run:AI raises $30M Series B for its AI compute platform

Run:AI, a Tel Aviv-based company that helps businesses orchestrate and optimize their AI compute infrastructure, today announced that it has raised a $30 million Series B round. The new round was led by Insight Partners, with participation from existing investors TLV Partners and S Capital. This brings the company’s total funding to date to $43 million.

At the core of Run:AI’s platform is the ability to effectively virtualize and orchestrate AI workloads on top of its Kubernetes-based scheduler. Traditionally, it was always hard to virtualize GPUs, so even as demand for training AI models has increased, a lot of the physical GPUs often set idle for long periods because it was hard to dynamically allocate them between projects.

Image Credits: Run.AI

The promise behind Run:AI’s platform is that it allows its users to abstract away all of the AI infrastructure and pool all of their GPU resources — no matter whether in the cloud or on-premises. This also makes it easier for businesses to share these resources between users and teams. In the process, IT teams also get better insights into how their compute resources are being used.

“Every enterprise is either already rearchitecting themselves to be built around learning systems powered by AI, or they should be,” said Lonne Jaffe, managing director at Insight Partners and now a board member at Run:AI.” Just as virtualization and then container technology transformed CPU-based workloads over the last decades, Run:AI is bringing orchestration and virtualization technology to AI chipsets such as GPUs, dramatically accelerating both AI training and inference. The system also future-proofs deep learning workloads, allowing them to inherit the power of the latest hardware with less rework. In Run:AI, we’ve found disruptive technology, an experienced team and a SaaS-based market strategy that will help enterprises deploy the AI they’ll need to stay competitive.”

Run:AI says that it is currently working with customers in a wide variety of industries, including automotive, finance, defense, manufacturing and healthcare. These customers, the company says, are seeing their GPU utilization increase from 25 to 75% on average.

“The new funds enable Run:AI to grow the company in two important areas: first, to triple the size of our development team this year,” the company’s CEO Omri Geller told me. “We have an aggressive roadmap for building out the truly innovative parts of our product vision — particularly around virtualizing AI workloads — a bigger team will help speed up development in this area. Second, a round this size enables us to quickly expand sales and marketing to additional industries and markets.”

#artificial-intelligence, #cloud, #computing, #developer, #enterprise, #finance, #gpu, #hardware-acceleration, #insight-partners, #kubernetes, #lonne-jaffe, #recent-funding, #run-ai, #s-capital, #startups, #tc, #technology, #tel-aviv, #tlv-partners

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#DealMonitor – Jedox bekommt 100 Millionen – Delivery Hero legt DX Ventures (50 Millionen) auf – Waterland übernimmt YieldKit


Im aktuellen #DealMonitor für den 12. Januar werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

Jedox
+++ Insight Partners und Alt-Investoren wie Iris Capital, eCAPITAL und Wecken & Cie. investieren 100 Millionen US-Dollar in Jedox. Das 2002 in Freiburg gegründete Unternehmen bietet Enterprise-Performance-Management-Lösungen für Unternehmensplanung und -analyse an. Iris Capital, eCAPITAL und Wecken & Cie. investierten zuletzt 20 Millionen Euro in Jedox. “Die neue Finanzierungsrunde wird Jedox helfen, sein Kundenwachstum und seine globale Expansion zu beschleunigen und gleichzeitig seine robuste Plattform für abteilungsübergreifende integrierte Geschäftsplanung, Berichterstattung und Analyse zu verbessern”, teilt das Unternehmen mit. Über 2.500 Unternehmen nutzen Jedox nach Firmenangaben. 2018 erwirtschaftete Jedox einen Konzern-Umsatz in Höhe von von 23,1 Millionen Euro (Vorjahr: 19,9 Millionen Euro).

Filestage
+++ Der niederländische Geldgeber Newion, Alt-Investor High-Tech Gründerfonds (HTGF) und seed + speed Ventures, der Seed-Investor von TV-Löwe Carsten Maschmeyer, investieren 2,8 Millionen Euro in das Stuttgarter Software-Startup Filestage. Das 2015 von Niklas Dorn, Maël Frize und Simon Kontschak gegründete Unternehmen positioniert sich als “Asset Review Plattform für Unternehmen und Agenturen”.

Energy Robotics
+++ Earlybird Venture Capital und einige Business Angels wie Paul Achleitner, Gerhard Roiss, Martin Klässner und Andrej Henkler investieren 2 Millionen Euro in Energy Robotics, einen Entwickler von Softwarelösungen für mobile Inspektionsroboter. Energy Robotics wurde 2019 als  Spin-off der Technischen Universität Darmstadt gegründet. Das Unternehmen wird von Dorian Scholz und Stefan Kohlbrecher geführt.

Recare 
+++ Der Berliner Geldgeber Die BrückenKöpfe und Altgesellschafter Altgesellschafter wie der Thieme Verlag, Petra Becker, TECH Beteiligungen Niklas Östberg und Oliver Pabst investieren 2 Millionen Euro in Recare. Das junge Unternehmen, 2017 in Berlin gegründet, betreibt einen B2B-Marktplatz für medizinische Versorgungseinrichtungen und Krankenhäuser in verschiedenen Versorgungsbereichen. Insgesamt flossen bereits rund 6 Millionen Euro in Recare.

Taxy.io
+++ 42CAP aus München und einige Business Angels sowie Alt-Investor TechVision Fonds (TVF)  investieren eine siebenstellige Summe in das Aachener Startup Taxy.io. Das junge Unternehmen bietet eine B2B-Software-Lösung für Steuerberater, Wirtschaftsprüfer und Mitarbeiter in Finanzabteilungen an. Das Unternehmen wurde 2018 von Daniel Kirch, Sven Peper, Steffen Kirchhoff und Sven Weber gegründet. Mit dem frischen Kapital “will das Startup seine Geschäftstätigkeiten auf den gesamten DACH-Raum ausweiten”.

INVESTMENTS

Yorxs
+++ Der Münchener Juwelier Ralf Nutt übernimmt den insolventen Online-Diamanthändler Yorxs – siehe Handelsblatt. “Das Start-up hatte jahrelang in der Diamantbranche für Aufsehen gesorgt, weil es eine breitere Palette an Diamanten zu niedrigeren Preisen als die gesamte Konkurrenz in Deutschland bot”, heißt es im Artikel. Yorxs, 2012 von Joachim Giehl und Casimir Graf zu Maltzahn gegründet, sammelte in den vergangenen Jahren mehrere Millionen von Risikokapitalgebern ein – unter anderem vonmHightech-Gründerfonds (HTGF), K5 Ventures und der KfW. Im September 2019 schlitterte das Unternehmen dann in die Insolvenz.

EXITS

YieldKit
+++ Jetzt offiziell! Die niederländische Private Equity-Gesellschaft Waterland übernimmt – wie bereits Anfang Januar berichtet – die Mehrheit an YieldKit, einem “Performance Marketing Aggregator for Publishers”. In der Presseaussendung heißt es: “Zusammen mit Gründer Oliver Krohne, CEO Daniel Neuhaus, sowie Tech-Unternehmer und YieldKit-Investor Lars Hinrichs plant Waterland das organische Wachstum von YieldKit zusätzlich zu beschleunigen und die Software-Plattform mittels Buy-&-Build-Strategie zur Marktführerschaft auszubauen. YieldKit erwirtschaftete nach eigenen Angaben 2020 einen Usmatz in Höhe von 33 Millionen Euro. YieldKit beschäftigte zuletzt 30 Mitarbeiter.

VENTURE CAPITAL

DX Ventures
+++ Der börsennotierte Lieferdienstvermittler Delivery Hero legt sich mit DX Ventures einen Investmentableger zu. “Die Investmentstrategie konzentriert sich darauf, gründergeführte Unternehmen mit Kapital zur Erfüllung ihrer Visionen auszustatten, um eine große Bandbreite traditioneller Industrien zu revolutionieren”, teilt das Unternehmen zum offiziellen Start mit. Der Corporate-Venture-Ableger ist zunächst mit 50 Millionen Euro ausgestattet. Fokus von DX Ventures sind Themen wie On-Demand Service, Lebensmitteltechnologie, nachhaltige Innovation, künstliche Intelligenz, FinTech und Logistik. DX Ventures wird von Duncan McIntyre geführt. Zum Portfolio von DX Ventures gehören unter anderem bereits Rappi, Ritual und wisefood.

Achtung! Wir freuen uns über Tipps, was wir im #DealMonitor aufgreifen sollten. Schreibt uns eure Vorschläge per E-Mail oder nutzt unsere “Stille Post“, unseren anonymen Briefkasten.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): azrael74

#42cap, #aachen, #aktuell, #berlin, #darmstadt, #delivery-hero, #dx-ventures, #e-health, #earlybird-venture-capital, #ecapital, #energy-robotics, #filestage, #freiburg, #hamburg, #high-tech-grunderfonds, #insight-partners, #iris-capital, #jedox, #munchen, #newion, #recare, #seed-speed-ventures, #stuttgart, #taxy-io, #techvision-fonds, #venture-capital, #waterland, #yieldkit, #yorxs

0

Sources: Hinge Health has raised $310M Series D at a $3B valuation

Hinge Health, the San Francisco-based company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions — such as back and joint pain — has closed a $310 million in Series D funding, according to sources.

The round is led by Coatue and Tiger Global, and values 2015-founded Hinge at $3 billion post-money, people familiar with the investment tell me. It comes off the back of a 300% increase in revenue in 2020, with investors told to expect revenue to nearly triple again in 2021 based on the company’s booked pipeline.

I also understand that Hinge’s founders — Daniel Perez and Gabriel Mecklenburg — retain voting control of the board. I’ve reached out to CEO Perez for comment and will update this post should I hear back.

Hinge’s existing investors include Bessemer Venture Partners, which backed the company’s $90 million Series C round in February, along with Lead Edge Capital, Insight Partners (which led the Series B), Atomico (which led the Series A), 11.2 Capital, Quadrille Capital and Heuristic Capital.

Originally based in London, Hinge Health primarily sells into U.S. employers and health plans, billing itself as a digital healthcare solution for chronic MSK conditions. The platform combines wearable sensors, an app and health coaching to remotely deliver physical therapy and behavioral health.

The basic premise is that there is plenty of existing research to show how best to treat chronic MSK disorders, but existing healthcare systems aren’t up to the task due to funding pressures and for other systematic reasons. The result is an over tendency to use opioid-based painkillers or surgery, with poor results and often at even greater cost. Hinge wants to reverse this through the use of technology and better data, with a focus on improving treatment adherence.

Meanwhile, Hinge’s jump in valuation is significant. According to sources, the company’s February round produced a valuation of around $420 million, so the new valuation is more than a 6x increase.

#bessemer-venture-partners, #coatue-management, #europe, #fundings-exits, #health, #hinge-health, #insight-partners, #lead-edge-capital, #london, #physical-therapy, #recent-funding, #san-francisco, #social-software, #software, #startups, #surgery, #tc, #tiger-global-management, #united-states

0

#DealMonitor – #EXKLUSIV Bessemer investiert in cargo.one – 468 Capital investiert in Natif.ai – JuwelKerze-Gründer investiert in truemorrow


Im aktuellen #DealMonitor für den 14. Dezember werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

cargo.one
+++ Der amerikanische Geldgeber Bessemer Venture Partners investiert 40 Millionen in cargo.one, ein noch junges Logistik-Startup. Index Ventures investierte zuletzt gemeinsam mit Next47, Creandum, Lufthansa Cargo und Point Nine Capital 18,6 Millionen US-Dollar in die Jungfirma. Creandum, Point Nine Capital und Lufthansa Cargo investieren zuvor bereits rund 3 Millionen US-Dollar in das Berliner Unternehmen, das sich um die digitale Distribution und Buchung von Luftfracht kümmert. cargo.ono wurde 2017 von Moritz Claussen, Oliver T. Neumann und Mike Rötgers gegründet. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Natif.ai
+++ 468 Capital investiert in Natif.ai. Das Startup, ein Spin-off des Deutschen Forschungsinstituts für Künstliche Intelligenz (DFKI), ist im Segment der intelligenten Dokumenten Prozessautomation (IDP) unterwegs. “Dank einer Deep-OCR können Dokumente extrem schnell und genau analysiert sowie relevante Daten extrahiert werden”, teilt das Startup mit. Natif.ai wurde 2019 von Christophe Hocquet, Johannes Korves und Manuel Zapp gegründet. Zuvor investierte bereits der High-Tech Gründerfonds (HTGF) investiert eine siebenstellige Summe in Natif.ai. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

truemorrow
+++ Werle Ventures, also Martin Werle (Gründer von JuwelKerze), Burckhardt Bonello und Felix Schneider, Mitgründer von Dreamlines, investieren in truemorrow. Bei truemorrow finden Onliner nachhaltige Körperpflegeprodukte. “Damit du dich im Badezimmer nicht mehr zwischen deinem Wohlbefinden und der Umwelt entscheiden musst”, teilt das Startup mit. Gründer sind Simon Prinz und Matthias Vosen, beide zuletzt bei Dreamlines tätig. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Polarglow / Brands United
+++ JuwelKerze-Gründer Martin Werle investiert außerdem noch in Polarglow. Hinter Polarglow verbirgt sich eine Art stylischer Mini-Kühlschrank für Kosmetik – samt passender Kosmetiklinie. Am Unternehmen ist außerdem Liberty Ventures (Felix Swoboda, zuletzt Homebell, und Florian Swoboda, Barzahlen) beteiligt. Geführt wird Polarglow von Alexander Brenske. Hintergründe gibt es nur im aktuellen Insider-Podcast. Zudem investiert Werle in den jungen Thrasio-Klon Brands United. #EXKLUSIV

Sorare
+++ Der amerikanische Geldgeber Benchmark Capital investiert in das französische Startup Sorare. e.ventures, Partech, Fabric Ventures, Semantic Ventures, Cygni Capital und Fußball-Weltmeister André Schürrle investierten zuvor bereits 4 Millionen US-Dollar in das junge Unternehmen. Sorare bietet auf Blockchain-Basis ein digitales Pendant zu den Fußballsammelkarten von Panini, Topps und Co. – samt Fantasy Football Manager. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

Weezy
+++ Der amerikanische Geldgeber Insight Partners investiert in den britischen goPuff-Klon Weezy. Zuvor investierte bereits Heartcore Capital in den rollenden Supermarkt. Der deutsche goPuff-Klon Gorillas sammelt gerade erst 44 Millionen US-Dollar ein – unter anderem von Coatue. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

German Bionic
+++ Samsung Catalyst, MIG AG, Storm Ventures, Benhamou Global Ventures und IT Farm investieren 20 Million US-Dollar in German Bionic, ein Unternehmen für robotische Exoskelette. “Das Cray X von German Bionic ist das weltweit erste vernetzte Exoskelett, das, verbunden mit der Smart-Factory, selbstlernend Hebebewegungen verstärkt und Fehlhaltungen vorbeugt, und somit zum intelligenten Bindeglied zwischen Mensch und Maschine in Logistik- und Intralogistik-Prozessen wird”, teilt das Unternehmen aus Augsburg mit.

VMRay
Digital+ Partners und eCAPITAL investieren 15 Millionen US-Dollar in VMRay. Das Bochum Startup, 2013 von den Informatikern Carsten Willems und Ralf Hund gegründet, analysiert Malware wie Computerviren oder -würmer, Trojaner, Spyware, Kernelrootkits und -bootkits auf ihr Verhalten. In der Series B sammelte das Unternehmen damit rund rund 25 Millionen Dollar in. Der High-Tech Gründerfonds (HTGF) investierte bereits 2014 in VMRay.

vialytics
+++ Statkraft Ventures und EnBW New Ventures investieren in das Stuttgarter GovTech vialytics. Das Unternehmen, das 2017 von Achim Hoth, Patrick Glaser und Danilo Jovicic ins Leben gerufen wurde, sorgt mit Hilfe von Künstlicher Intelligenz für bessere Straßen. vialytics erfasst den Zustand der Straßeninfrastruktur und wertet diesen automatisiert aus. Das frische Kapital “ermöglicht es vialytics den erfolgreichen Wachstumskurs als zuverlässiger Partner für Städte und Gemeinden noch stärker auszubauen”.

Isar Aerospace
+++ Lakestar, Earlybird, Vsquared Ventures, Airbus Ventures, Apeiron und HV Capital sowie Bulent Altan, Ann-Kristin und Paul Achleitner investierten gerade 75 Millionen Euro in Isar Aerospace. Jetzt ist die Bewertung klar – sie liegt nach unseren Informationen bei 300 Millionen. Das 2018 von Daniel Metzler, Josef Fleischmann und Markus Brandl gegründete Unternehmen will kleinere Satelliten kostengünstiger in den Orbit befördern und entwickelt deswegen unter anderem an alternativen Antrieben für Trägerraketen. Earlybird und Airbus Ventures investierten zuletzt gemeinsam mit den Altinvestoren beachtliche 17 Millionen US-Dollar in das Raketen-Startup. Insgesamt flossen nun schon knapp 100 Millionen Euro in Isar Aerospace. Hintergründe gibt es nur im aktuellen Insider-Podcast. #EXKLUSIV

EXITS

Dubsmash
+++ Der amerikanische Social-News-Aggregator Reddit übernimmt den TikTok-Herausforderer Dubsmash, der einst in Berlin als simpler Lip-Syncing-Dienst an den Start ging. “Dubsmash’s mission is to elevate under-represented creators. They have built a beautiful and fun product that enables their users to create unique, dynamic, interactive content. While Dubsmash will maintain its own platform and brand, we also look forward to bringing our teams together to combine the unique creator experience of Dubsmash with the community growth engine of Reddit”, teilt das Unternehmen mit. Investoren wie Index Ventures, Lowercase Capital, ENIAC Ventures, Sunstone Capital und Raine Ventures investierten in den vergangenen Jahren einen zweistelligen Millionenbetrag in Dubsmash, das von Jonas Drüppel, Roland Grenke und Daniel Taschik gegründet wurde. Dubsmash war vor einigen Monaten fast am Ende, dann folgte der Umzug nach New York, fast alle der 50 Mitarbeiter wurden entlassen und ein kompletter Neustart als Video-Dienst.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

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Foto (oben): azrael74

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