Parsers VC - Weekly Funding / Startup / VC news of November 19, 2024
Venture Capital News. Funding rounds, statistics Week of November 12 - November 18: United States (37 - $7.4B), United Kingdom (7 - $72M), India (5 - $111M), Germany (5 - $229M), Canada (5 - $4.1B)
Most Popular Venture Capital News
1. Workflow: The AI Revolutionizing Creative Collaboration
(Cited in 16 tech media)
In a world where creativity is both an art and a science, Workflow emerges as a beacon of innovation. This London-based startup has recently secured €2.8 million (approximately $3 million) in pre-seed funding, a testament to its potential in transforming the creative landscape. The funding round was led by Venrex, with notable contributions from 8VC and other seasoned investors.
Workflow is not just another productivity tool; it’s a lifeline for design, marketing, and product teams. Imagine a bustling creative studio. Designers are juggling multiple projects, marketers are racing against deadlines, and everyone is trying to maintain quality. Enter Workflow, a centralized hub that streamlines task management, organizes digital assets, and simplifies the review process. It’s like having a personal assistant who understands the nuances of creativity.
2. Snyk's Strategic Acquisition: A New Era for Developer Security
(Cited in 13 tech media)
In the fast-paced world of technology, acquisitions often signal a shift. Snyk, a Boston-based company specializing in developer security, has made a bold move by acquiring Probely, a dynamic application security testing (DAST) provider from Porto, Portugal. This acquisition is more than just a business deal; it’s a strategic alignment of two companies with a shared vision.
Snyk has positioned itself as a leader in developer security, focusing on empowering developers to build secure applications. With over 2,500 customers, including giants like Google and Salesforce, Snyk has established a strong foothold in the market. The addition of Probely enhances Snyk’s capabilities, particularly in dynamic testing of APIs and applications. This is crucial in today’s digital landscape, where vulnerabilities can lead to significant risks.
3. Microsoft and D-Link: A Tale of Vulnerabilities and Corporate Decisions
(Cited in 13 tech media)
In the world of technology, vulnerabilities are like cracks in a dam. They can lead to catastrophic failures if not addressed. Recently, two major players, Microsoft and D-Link, found themselves in the spotlight for very different reasons. Microsoft confirmed issues with OpenSSH after recent updates, while D-Link chose not to patch a critical vulnerability affecting numerous outdated NAS devices. Both situations highlight the delicate balance between security and corporate strategy.
Microsoft's troubles began with the installation of security updates KB5044380 and KB5044285 for Windows 11. Users reported that the OpenSSH service, essential for secure shell connections, failed to start. This glitch primarily affected enterprise and educational versions of Windows 11. Microsoft acknowledged the problem, stating that only a "limited number" of devices were impacted. However, the uncertainty loomed large. Were home users also at risk? The company was still investigating.
4. Cooling the Future: Motivair and Red Hat's AI Innovations
(Cited in 13 tech media)
In the rapidly evolving world of artificial intelligence (AI), two companies are making waves: Motivair and Red Hat. Both are tackling the immense challenges posed by AI workloads, but they approach the problem from different angles. Motivair focuses on cooling solutions, while Red Hat enhances AI deployment platforms. Together, they represent the dual pillars of AI infrastructure: thermal management and software scalability.
Motivair Corporation is set to showcase its MI300X Dynamic Cold Plates at the SC 2024 conference in Atlanta. This event, a gathering of the brightest minds in high-performance computing, will spotlight the critical role of cooling in AI. The MI300X Cold Plates are not just any cooling solution; they are precision-engineered for the AMD MI300X Accelerator. This component is a powerhouse, driving AI and high-performance computing (HPC) workloads. As AI technology advances, so does the need for robust thermal management. Without it, performance falters, and reliability wanes.
5. Grab's Resurgence: A Beacon of Profitability in Southeast Asia's Tech Landscape
(Cited in 11 tech media)
Grab, the Southeast Asian tech giant, has made headlines by turning a significant corner in its financial journey. The company reported a profit of $15 million for the third quarter of 2024, a remarkable turnaround from a staggering loss of $99 million in the same period last year. This shift is not just a flicker of hope; it signals a robust recovery and a promising future for the company and its stakeholders.
The numbers tell a compelling story. Grab's revenue surged by 17% year-on-year, reaching $716 million in Q3. This growth outpaced analysts' expectations, who had predicted revenues of $696.6 million. The company's performance is akin to a phoenix rising from the ashes, fueled by strategic investments and a keen understanding of market dynamics.
6. Northflank Secures $22.3 Million to Simplify Developer Workloads
(Cited in 11 tech media)
In the fast-paced world of technology, developers often find themselves wrestling with complex infrastructure instead of focusing on what they do best: writing code. Northflank, a London-based startup, aims to change that narrative. With a fresh infusion of $22.3 million in funding, the company is poised to revolutionize how developers deploy and manage their applications in the cloud.
The funding round consists of a $16 million Series A led by Bain Capital Ventures and a $6.3 million seed round led by Vertex Ventures US. Additional support came from Kindred Ventures, Tapestry VC, Pebblebed, and Uncorrelated Ventures. This financial backing is not just a lifeline; it’s a launchpad for Northflank’s ambitious plans to streamline developer workflows.
7. The Future of Returns: Optoro's Innovative Approach to E-Commerce Challenges
(Cited in 10 tech media)
In the fast-paced world of e-commerce, returns are the dark cloud hovering over retailers. They are inevitable, costly, and often a headache. Enter Optoro, a company that is turning this challenge into an opportunity. With its innovative solutions, Optoro is reshaping how retailers handle returns, making the process smoother for customers and more efficient for businesses.Founded in 2010, Optoro has steadily climbed the ranks of the tech world. Its mission? To simplify the returns process for retailers and consumers alike. The company’s software-as-a-service model is like a Swiss Army knife for online returns. It offers a suite of tools that help retailers manage their reverse logistics with ease.
8. The Rise of Legal AI: Robin AI's $25M Funding Boost
(Cited in 9 tech media)
In the fast-paced world of technology, few sectors are evolving as rapidly as legal services. Enter Robin AI, a London-based company that has just secured $25 million in funding. This investment is not just a financial boost; it’s a signal that the legal landscape is changing.
Robin AI specializes in legal artificial intelligence. Their flagship product, Robin Reports, can analyze thousands of legal documents in a heartbeat. It summarizes complex information and recommends actions. Think of it as a legal assistant on steroids. For businesses involved in mergers and acquisitions or facing data breaches, this tool is invaluable.
Last week's funding rounds
138 funding rounds, +60% from last week.
Number of funding rounds in the last quarter - November 18, 2024 by Parsers VC
Total raised $12.17 billion, +196% since last week
Total raised $, bln - November 18, 2024 by Parsers VC
Funding rounds in United States
Beta Bionics Raises $60M Series E Round
Chaos Industries Raises $145M Series B Round
Conduction Education Raises $265K Pre-Seed Round
Copernic Catalysts Raises $8M Seed Round
CoreCentric Solutions, Inc. Raises $5M
Eaze Raises $10M Series B Round
Ecolectro, Inc. Raises $10.5M Series A Round
Ennoventure Inc. Raises $8.9M Series A Round
Firefly Space Systems Raises $175M Series D Round
Fleek Raises $20.4M
Fortegra Raises $150M
Homethrive, Inc Raises $20M
hotglue Raises $4M Seed Round
Impilo Raises $11.5M Series A Round
Influur Raises $10M Series A Round
Medeloop Raises $15.5M Series A Round
Metsera Raises $215M Series B Round
myBiometry Raises $5M Seed Round
Notabene Raises $14.5M Series B Round
NovoPayment Raises $20M from Morgan Stanley
Plantible Foods Raises $30M Series B Round
Prokeep Raises $25M Series A Round
Radiant Raises $100M Series C Round
Reflect Scientific Raises $150K
Rivian Raises $5.8B
Shiru Raises $16M Series B Round
Snap! Spend Raises $23M
Starfish Space Raises $29M
Stepful Raises $31.5M Series B Round
Sunthetics Raises $4M Seed Round
SwiftConnect Raises $37M Series B Round
TRexBio Raises $84M Series B Round
Vecna Robotics Raises $14.5M
Writer Raises $200M Series C Round at $1.9B Valuation
Youth INC Raises $5M
ZAP Surgical Systems, Inc. Raises $78M Series E Round
Zengines Raises $9M
Funding rounds in United Kingdom
Gendo AI Raises $5.48M Seed Round
Naturbeads Raises $9.94M Series A Round
Northflank Raises $22.3M
Ooodles Raises $2.7M
Qminder Raises $3.19M Seed Round
Robin AI Raises $25M
Salesfire Raises $3.51M
Funding rounds in India
Sarvagram Fincare Raises $67M Series D Round from TVS Capital Funds, Elevation Capital
The ePlane Company Raises $14M Series B Round
Ugaoo Raises $5.57M Series A Round
Vecmocon Technologies Raises $10M Series A Round
Wheelocity Raises $15M
Funding rounds in Germany
Klim Raises $22M Series A Round
KUGU Raises $9.11M Series A Round
The Exploration Company Raises $160M Series B Round
Tourlane Raises $26.56M
tozero Raises $11.79M Seed Round
Funding rounds in Canada
FMI, a Spirit AeroSystems Co. Raises $350M
InVintory Raises $2.3M Seed Round
Neo Financial Raises $360M Series D Round
Trolley Raises $23M Series B Round
VinFast Vietnam Raises $3.4B
Funding rounds in Switzerland
Alentis Therapeutics AG Raises $181.4M Series D Round from Jeito Capital
Aurealis Therapeutics Raises $9.07M
LocalStack Raises $25M Series A Round
Wyden Raises $16.9M
More funding rounds in the article…
Interested in reaching our audience? You can sponsor our newsletter here.
We prepare personalized newsletters depending on the Locations and Categories of Venture news that interest you.
Just select Locations and News Categories for funding rounds, startups and venture capital funds and we will send you the news that interests you most.
Subscribe to personalized newsletter here…
How to raise a funding round for a startup?
Add Startup to Parsers VC
Click Like for VCs in the Predict Investments and Venture Matching table
We will give you an intro to Venture Funds
Learn more about Fundraising with Parsers VC
How to get a stream of new startups to a Venture Fund?
Add Venture Capital fund to Parsers VC
Click Like for Startups in the Predict Investments and Venture Matching table
We will give you an intro to Startups