Parsers VC - Weekly Funding / Startup / VC news of September 24, 2024
Venture Capital News. Funding rounds, statistics Week of September 17 - September 23: United States (45 - $2.41B), India (12 - $159M), United Kingdom (8 - $2.7B), Germany (5 - $46M), Switzerland (5 -
Most Popular Venture Capital News
1. Navigating the Cybersecurity Landscape: Collaboration and Innovation in a Digital Age
(Cited in 17 tech media)
In the ever-evolving world of cybersecurity, recent events have underscored the urgent need for collaboration and innovation. The recent CrowdStrike outage, which disrupted millions of Windows systems, served as a wake-up call. At a summit hosted by Microsoft, industry leaders gathered to address the complexities of modern security. They recognized that the digital landscape is fraught with challenges, and no single solution exists.
The summit was not just a meeting; it was a call to arms. Microsoft and its partners, including CrowdStrike, Trend Micro, and others, acknowledged their shared responsibility. They understood that they are not just competitors; they are allies in the fight against cyber threats. The adversaries are the hackers, the malicious actors lurking in the shadows.
2. Kaleidofin's New Funding: A Boost for Financial Inclusion in India
(Cited in 15 tech media)
In the bustling streets of Chennai, a financial revolution is brewing. Kaleidofin, a fintech firm, has secured $13.8 million in fresh funding. This round was led by Rabo Partnerships, a Netherlands-based investor, which contributed $11 million. The remaining funds came from familiar faces: the Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. With this latest infusion, Kaleidofin's total capital raised climbs to $37 million.
Founded in 2017, Kaleidofin is not just another fintech startup. It aims to bridge the financial gap for low-income customers and small businesses in India's informal economy. The firm combines innovative tools like credit health assessments, risk management dashboards, and middleware solutions. These tools are designed to unlock financial opportunities for those often overlooked by traditional banking systems.
3. Datassential's Growth Investment: A Recipe for Success
(Cited in 12 tech media)
In the bustling world of food and beverage, data is the new gold. Datassential, a New York City-based company, has just received a significant growth investment. The exact amount remains undisclosed, but the implications are clear. This funding will help Datassential expand its reach and enhance its capabilities.
Founded in 2001, Datassential has carved a niche in the food and beverage intelligence sector. The company offers a suite of AI-powered solutions that provide insights into trends, competitive benchmarking, and sales intelligence. Think of it as a compass for brands navigating the complex landscape of consumer preferences.
4. Tether's Dominance: The Unstoppable Rise of USDT in the Stablecoin Arena
(Cited in 11 tech media)
In the fast-paced world of cryptocurrency, stability is a rare gem. Enter Tether's USDT, the heavyweight champion of stablecoins. With a market share soaring to 75%, USDT is not just winning; it’s redefining the game. Over the past two years, its market cap has skyrocketed from $65 billion to a staggering $118 billion. This meteoric rise is no accident. It’s a blend of strategic positioning, user trust, and a bit of luck.
Stablecoins are the bridges between the chaotic world of crypto and the stability of fiat currencies. They are designed to maintain a stable value, often pegged to assets like the U.S. dollar. USDT has become the backbone of this ecosystem, holding nearly three-quarters of the total stablecoin market value. In a landscape where volatility reigns, USDT stands tall, a lighthouse guiding traders through turbulent waters.
5. Vahan.ai: Pioneering Blue-Collar Recruitment with a $10 Million Boost
(Cited in 11 tech media)
In the bustling world of recruitment, Vahan.ai stands out like a lighthouse in a storm. This Bengaluru-based platform has just secured $10 million in a Series B funding round, led by Khosla Ventures. The funding marks a significant milestone for Vahan, which focuses on connecting blue-collar workers with employers across India.
Founded in 2016, Vahan has become a vital player in the recruitment landscape, especially for the country’s vast blue-collar workforce, estimated at around 300 million. The latest funding round also saw participation from notable investors like Y Combinator, Gaingels, and Vijay Shekhar Sharma, the founder of Paytm. This diverse backing reflects the growing recognition of Vahan's potential to transform recruitment.
6. Way2News: A New Dawn for Hyperlocal News in South India
(Cited in 10 tech media)
In a world where news travels at the speed of light, hyperlocal news platforms are the new beacons of information. Way2News, a Hyderabad-based startup, is leading this charge. Recently, it secured $14 million in a Series B funding round, a significant boost for its mission to deliver localized news across South India. This funding, led by WestBridge Capital, is more than just numbers; it’s a testament to the growing demand for relevant, accessible news.
Founded in 2015 by Raju Vanapala, Way2News has carved a niche in the crowded media landscape. The platform focuses on delivering short, engaging news stories in local languages. It’s like a local friend sharing the latest gossip, but with the credibility of trusted sources. With over 50 million app downloads, Way2News is not just a player; it’s a force in the regional news ecosystem.
7. Early-Stage Funding Fuels Innovation in Diverse Sectors
(Cited in 10 tech media)
In the bustling world of startups, fresh capital is the lifeblood that fuels innovation. Recently, several companies have secured early-stage funding, each carving out its niche in the market. From data infrastructure to luxury oral care, these ventures are poised for growth.
E6Data, Llumo AI, and Salt Oral Care are three companies that have recently attracted attention with their funding rounds. Each has a unique story, yet they share a common goal: to expand and innovate.
E6Data, a data infrastructure startup, raised $10 million in a Series A funding round. Led by Accel, with participation from Beenext, this funding will allow E6Data to enhance its research and development. Founded in 2021, the company has developed a high-performance lakehouse compute engine. This technology is designed to optimize enterprise data analytics, helping businesses escape the shackles of ecosystem lock-in. With a consumption-based revenue model, E6Data charges clients based on their compute usage. This flexible approach appeals to enterprises looking to maximize their return on investment.
8. Nirvana's $24.2M Funding: A New Dawn for Healthcare Transparency
(Cited in 10 tech media)
n the tangled web of healthcare, clarity is often a rare gem. Patients face mountains of paperwork, while providers grapple with the labyrinth of insurance verification. Enter Nirvana, a health tech startup that just secured $24.2 million in Series A funding. This infusion of capital, led by Northzone and joined by Inspired Capital, Eniac Ventures, and Surface Ventures, is set to illuminate the dark corners of healthcare billing.
Nirvana’s mission is clear: to bring transparency to insurance verification. The founders, Akshay Venkitasubramanian, Urvish Parikh, and Kelvin Chan, saw firsthand the financial struggles that patients and providers endure. They decided to harness the power of artificial intelligence to tackle these issues head-on. Their platform promises instant insurance verification and accurate cost estimates, empowering patients to navigate their healthcare journeys without fear of unexpected bills.
Last week's funding rounds
158 funding rounds, +1% from last week.
Number of funding rounds in the last quarter - September 23, 2024 by Parsers VC
Total raised $5.46 billion, +10% since last week
Total raised $, bln - September 23, 2024 by Parsers VC
Funding rounds in United States
EasyDMARC Raises $20M Series A Round
RJ Young Raises $50K
Blackcloakcyber Raises $17M Series B Round
Pairwise Raises $40M Series C Round
ImmunOs Therapeutics Raises $11M Series C Round
Hotel Engine Raises $140M Series C Round at $2.1B Valuation
Wealth Raises $30M Series A Round
DeltaStream Raises $15M Series A Round
RunSafe Security Inc. Raises $12M Series B Round
Roots Automation Raises $22.2M
Orb Raises $25M Series B Round
Two Boxes Raises $5.3M
Centricity Raises $20M
Hgen Raises $5M Seed Round
GreenLite Technologies Raises $28.5M Series A Round
Slingshot Aerospace Raises $30M from Trinity Capital
RevBio, Inc. Raises $2.4M Grant Round
e6data Raises $10M Series A Round from Accel Partners
Intezer Raises $33M Series C Round
NURA BIO Raises $140M Series A Round
Knit Raises $9M
Safire Next Generation Battery Safety Raises $8M
neurexistherapeutics.com Raises $3M from National Institutes of Health
Picus Security Raises $45M
Texas Workforce Commission Raises $350K Grant Round
Cherre Raises $30M Series C Round
Air Company Raises $69M Series B Round
Ferrum Health, Inc. Raises $16M Series A Round
Bicara Therapeutics Raises $362M IPO Round
Virtuous Raises $100M
Midi Health Raises $63M Series B Round
HavocAI Raises $11M Seed Round
Kasisto, Inc. Raises $90M
Epica International Raises $18M
Fathom Raises $17M Series A Round
Alight Solutions Raises $122.61M
Varcomm Broadband Raises $10M Grant Round
Prof Jim Raises $1.5M
DIRT Raises $2M Pre-Seed Round
Aclima, Inc. Raises $13M
Twelve Raises $645M
Harbor Sleep Raises $7M Seed Round
PictorLabs Inc Raises $30M Series B Round
rep.ai Raises $7.5M
AtoB Raises $130M
Funding rounds in United Kingdom
Peratech Holdco Limited Raises $31.5M
TG0 Raises $2.56M
MiAlgae Raises $18.5M
Fluorok Raises $10.25M
Apolitical Raises $2M Grant Round from Public (Mentorship and Consulting)
Aquark Technologies Raises $5.57M Seed Round
Schroders Raises $2.6B
Datamaran Raises $33M Series C Round
Funding rounds in India
Way2News Raises $14M Series B Round
Redcliffe Labs Raises $42M Series C Round
Swiggy Raises $596.9K IPO Round
Kaleidofin Private Limited Raises $13.8M
DailyObjects Raises $10M Series B Round
Vahan Raises $10M from Khosla Ventures
NowPurchase Raises $6M
Aye Finance Pvt Ltd Raises $30M Series G Round from CapitalG
GlobalBees Raises $703.2K
Big Bang Boom Solutions (BBBS) Raises $29.9M
GalaxEye Space Raises $2.03M from Infosys Technologies
BookMyBai.com Raises $239.2K Seed Round from IP Ventures
Funding rounds in Germany
DeepDrive Raises $33.44M Series B Round
Exakt Health Raises $2.23M
Traxi Sharing GmbH Raises $1.67M
Reactive Robotics Raises $5.57M
become.1 GmbH Raises $3.68M Seed Round
Funding rounds in Switzerland
Abrinca Genomics Raises $177.9K
Neo Medical Raises $68M
Novostia Raises $6.63M
Perovskia Solar AG Raises $2.4M
WattAnyWhere Raises $446.4K
Funding rounds in Canada
Nomic Bio Raises $42M Series B Round
NULIFE GreenTech Raises $300K
Rebelstork Raises $18M Series A Round
More funding rounds in the article…
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