Parsers VC - Weekly Funding / Startup / VC news of October 22, 2024
Venture Capital News. Funding rounds, statistics Week of October 15 - October 21: United States (52 - $3.1B), United Kingdom (12 - $209M), India (5 - $248M), Israel (4 - $74M), Canada (3 - $267M)
Most Popular Venture Capital News
1. Everstage's $30 Million Leap: A New Era for Sales Performance Management
(Cited in 24 tech media)
In the bustling world of SaaS, Everstage has made waves. The Chennai and Delaware-based startup recently secured $30 million in a Series B funding round led by Eight Roads Ventures. This infusion of capital brings its total funding to $45 million. It’s a significant milestone for a company that only launched in 2020.
Everstage specializes in sales performance management software. Think of it as a compass for sales teams, guiding them through the fog of commission structures and performance metrics. With this latest funding, Everstage aims to sharpen its tools and expand its offerings. The goal? To enhance product capabilities and boost in-house professional services.
2. Telecom Titans Unite to Forge a New API Frontier
(Cited in 17 tech media)
In a bold move, twelve of the world's leading telecom operators have banded together with Ericsson to create a joint venture aimed at revolutionizing the telecommunications landscape. This alliance is not just a handshake; it’s a seismic shift in how network resources are accessed and monetized. The new company is set to develop and monetize network Application Programming Interfaces (APIs), a market projected to reach a staggering $30 billion by 2030.
Imagine a world where telecom services are as easy to access as flipping a switch. This partnership aims to make that vision a reality. By leveraging network APIs, telecom operators can offer direct, dynamic, and scalable access to their resources. It’s like opening a floodgate of connectivity, allowing developers to tap into a vast reservoir of networking capabilities with just a single API call.
3. DTiQ's Bold Leap: A $145 Million Investment to Revolutionize Retail Analytics
(Cited in 14 tech media)
In the fast-paced world of retail and hospitality, data is the new gold. DTiQ Technologies, a frontrunner in SaaS-based video analytics, has just struck a deal that could reshape its future. With a hefty $145 million growth investment from Bain Capital Credit, DTiQ is poised to accelerate its innovation and expand its reach. This funding isn't just a financial boost; it's a strategic move that signals a shift towards a more robust SaaS growth model.
DTiQ specializes in video-based business optimization solutions tailored for the restaurant, convenience store, and specialty retail sectors. Think of them as the eyes in the sky, turning video footage into actionable insights. Their clients include heavyweights like Subway, Dunkin', and Burger King. With this new capital, DTiQ aims to enhance its AI-powered analytics and broaden its product offerings. The goal? To provide operators with tools that tackle everyday challenges, from loss prevention to improving service speed.
4. The Remote Work Tug-of-War: A New Era of Office Dynamics
(Cited in 14 tech media)
The landscape of work is shifting. The pandemic pushed remote work into the spotlight, but now, the pendulum is swinging back. Companies like Amazon and Apple are calling employees back to the office. Meanwhile, Spotify stands firm, advocating for flexibility. This clash of cultures reveals deeper truths about productivity, trust, and the future of work.
In 2020, remote work was a lifeline. It was a necessity, a temporary fix to an unprecedented crisis. Fast forward to 2024, and the world is a different place. The pandemic is largely behind us, yet the debate over remote work rages on. Some companies are eager to return to the old ways, while others, like Spotify, are embracing a new normal.
5. 20VC's Third Fund: A Bold Leap into the Future of Venture Capital
(Cited in 12 tech media)
In the world of venture capital, success often hinges on timing and strategy. 20VC, a London-based investment firm led by Harry Stebbings, has struck gold with its latest fundraising effort. The firm recently announced the closing of its third fund, amassing a staggering $400 million. This is not just a number; it’s a statement. It signals confidence in a time when many firms are grappling with fundraising challenges.
The new fund is split into two segments: $125 million earmarked for Seed investments and $275 million for Series A funding. This structure is designed to support startups at critical stages of their growth. The scale of this fund is a remarkable 2.5 times larger than its predecessor, which raised $140 million in June 2021. This growth trajectory is a testament to 20VC’s evolving strategy and the increasing trust of its investors.
6. Amazon's Nuclear Leap: Powering the Future of AI
(Cited in 11 tech media)
In a bold move, Amazon is stepping into the nuclear energy arena. The tech giant has partnered with Energy Northwest and X-Energy to harness the power of nuclear energy for its ambitious artificial intelligence (AI) projects. This partnership marks a significant shift in how major tech companies approach energy consumption, especially as they grapple with the soaring demands of AI.
The collaboration aims to generate a staggering 5 gigawatts (GW) of energy by 2039, with the first reactors expected to come online by 2030. Amazon's investment of $500 million in X-Energy underscores its commitment to this venture. X-Energy, a startup specializing in small modular reactors (SMRs), is set to play a crucial role in this energy transformation.
7. Dialpad's $300 Million Milestone: A New Era in AI-Powered Communications
(Cited in 11 tech media)
Dialpad has crossed a significant threshold, surpassing $300 million in annual recurring revenue (ARR). This achievement is not just a number; it’s a testament to the company’s vision and innovation in the realm of AI-driven communications. Dialpad stands at the forefront of a revolution, reshaping how businesses interact with their customers.
The company’s journey began with a bold investment in artificial intelligence back in 2018. This foresight has paid off handsomely. Dialpad’s AI capabilities are not mere enhancements; they are the backbone of its service. The platform transcribes every customer conversation in real-time, providing immediate insights and guidance. This real-time feedback loop is like having a seasoned coach in your ear during every call, ensuring that sales and support teams are always at their best.
8. Hometree's £50M Boost: A Green Revolution for UK Homes
(Cited in 10 tech media)
Hometree is on a mission. The London-based residential energy services company has secured a £50 million mezzanine financing package from CPP Investments. This funding is not just a number; it’s a lifeline for homeowners seeking greener alternatives. With this capital, Hometree aims to install solar panels, batteries, and heat pumps in 35,000 homes across the UK.
The urgency for such initiatives is palpable. Energy prices are soaring. Ofgem’s recent announcement of a £149 increase in the energy price cap has left many households reeling. The need for renewable energy solutions has never been more pressing. Last year, over 180,000 solar panel installations took place in the UK. The momentum is building, but barriers remain.
Last week's funding rounds
149 funding rounds, +29% from last week.
Number of funding rounds in the last quarter - October 22, 2024 by Parsers VC
Total raised $4.02 billion, -63% since last week
Total raised $, bln - October 22, 2024 by Parsers VC
Funding rounds in United States
1s1 Energy Raises $1.4M Seed Round
Agrolend Raises $53M Series C Round
Agtonomy Raises $32.8M Series A Round
Azra Games Raises $42.7M Series A Round
Blue Stripes Cacao Raises $20M Series B Round
Case Status Raises $19.7M Series B Round
Clerk Chat Raises $7M Seed Round
CYRISMA Raises $7M Series A Round
Decagon Raises $100M
DeNexus Inc. Raises $17.5M
Document Crunch Raises $21.5M Series B Round
DTiQ Raises $145M from Bain Capital
Edgee Raises $2.89M
Eleanor Health Raises $30M Series D Round
Equilibrium Energy Raises $39M Series B Round
Everstage Raises $30M Series B Round from Eight Roads
Fortius Metals Inc Raises $2M Seed Round
Ghost Raises $40M Series C Round
Healthie Raises $23M Series B Round
Hello Cake Raises $18M Series B Round
Herald Raises $12M
Holobiome Raises $9M Seed Round
INSHUR Raises $19M
Kick Raises $9M
King Energy Raises $10M
Klasha Raises $2M
Legion Health Raises $6.3M
MDisrupt Raises $1M
MEDIC Raises $5M
MeWe Raises $6M Series B Round
MOLG Raises $5.5M Seed Round
Nada Raises $25M
Neuron7: AI Based Service Intelligence Raises $44M Series B Round
Oshi Health Raises $60M
Path Robotics Raises $100M Series D Round
Perry Weather Raises $15M Series B Round
Pony.ai Raises $105M
Rivermark Medical, Inc. Raises $30M Series C Round
Slice Raises $8.53M
Solubag USA Raises $4.5M Series A Round
Splitero Raises $300M
Sunbird Bio Raises $14M
Terray Therapeutics Raises $120M Series B Round
Treehouse Raises $16.6M Series A Round
Truthset.io Raises $5M Series A Round
upGrad North America Raises $60M from Temasek Holdings
Vouch Technologies Raises $2.5M
Wolfspeed, Inc. Raises $750M Grant Round
X-energy Raises $500M Series C Round
Xscape Photonics Inc Raises $44M Series A Round
Yellow Card Raises $33M Series C Round
Zap Energy Raises $130M Series D Round
Funding rounds in United Kingdom
Antiverse Raises $4.6M
autone Raises $17M from General Catalyst
Chats Raises $5M Seed Round
Diesta Raises $3.81M Seed Round
Fin Raises $7M Seed Round
Hometree Raises $65.08M from CPP Investments
Melius Cyber Raises $653.4K
Mindtech Global Raises $5.72M
Monument Therapeutics Raises $1.31M
Nuclera Raises $75M Series C Round
Shift Bioscience Raises $16.33M
Signify Research Ltd Raises $7.84M
Funding rounds in India
DSW | Data Science Wizards Raises $1.4M Seed Round
Navi Raises $24.5M from Goldman Sachs
Perceptyne Raises $3M
U GRO Capital Raises $40M from U.S. International Development Finance Corp
Purplle Raises $180M Series F Round
Funding rounds in Israel
Keep Raises $2.7M Pre-Seed Round
Lidwave Raises $10M
Monogoto Raises $27M
Port Raises $35M Series B Round
Funding rounds in Canada
Blockstream Raises $210M
EnviCore Raises $3.05M Seed Round
Heliene Raises $54M
Funding rounds in Germany
LEVY Health Raises $4.5M
OroraTech Raises $27.2M Series B Round
Vay Raises $36.94M
Funding rounds in France
Gladia Raises $16.09M
Mendo Raises $3.8M
Stoïk Raises $27.36M Series B Round
More funding rounds in the article…
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