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AI-Powered Insurmi Secures Funding to Modernize How Insurers Engage Customers

The Funding Will Accelerate Insurmi’s Global Expansion Insurmi, a conversational-AI powered customer engagement platform for insurance carriers, has secured an additional $1 million in funding to accelerate market expansion and grow the team at its headquarters in Phoenix. The round was led by Coplex with participation from a group of prominent international angel investors and the Global Insurance Accelerator (GIA). This injection of capital further validates the demand for technology-driven solutions in the insurance…

Coil, Mozilla and Creative Commons Launch $100 Million Grant for the Web to Advance Web Monetization for Creators

Coil, Mozilla and Creative Commons Empower Individual Creators and Monetization Service Providers While Allowing Users to Directly Support Content They Value Coil, Mozilla and Creative Commons tannounced an ambitious $100 million fund that will empower individual creators and monetization service providers while allowing users to directly support content they value. Over the last ten years, the internet has gone from a place rewarding creativity, invention and substance, to one dominated by a few advertising…

SaaS Unicorn Freshworks Acquires Design Collaboration Tool CanvasFlip

SaaS unicorn Freshworks has acquired Bengaluru-based design collaboration tool CanvasFlip in a cash and equity deal. Post-acquisition, CanvasFlip’s website feedback management tool, Visual Inspector, will continue to be available in Chrome Webstore. However, its prototyping and collaboration solutions will be discontinued. CanvasFlip was founded by Vipul Misra and Manish Jha in 2015. The company built various products to enable easy collaboration between product designers, developers, and product managers. The company…

McKinsey Backs Element AI’s $151 Million Series B Funding

A three-year-old Canadian AI technology software maker has scooped $151 million (CAD 200 million) in Series B funding from investors led by global Management Consulting firm, McKinsey & Company, and subsidiary, QuantumBlack. The startup company is – Element AI. They are the makers of ready-to-implement AI Product suite, developed by world-class AI talent. The Series B funding, led by McKinsey & Company, Caisse de dépôt et placement du Québec, QuantumBlack, and Gouvernement du Québec takes Element AI‘s total…

SocialFlow Announces Close of $3.5 Million Funding Round

The leading Social Media Distribution Platform for Publishers and Media Continues to innovate SocialFlow, the leading social media distribution and monetization platform, announced the close of a $3.5 million funding round. The company continues to be profitable and will use the new capital to retire debt and fund continued product development and marketing. SocialFlow's technology enables the world's most successful publishers to more effectively distribute engaging social content across Facebook, Twitter, Instagram,…

Akeneo Raises $46 Million to Expand Its Leadership in Product Experience Management

Investment to Accelerate R&D and Sales Efforts to Support Unified Commerce Experience Akeneo, a global leader in Product Experience Management (PXM) solutions for corporate brands and retailers, announced it has raised $46 million in funding led by global growth equity investor Summit Partners. Existing investors Alven, Partech, and Salesforce Ventures, as well as Akeneo's board member Stephan Dietrich, also participated in the round. Akeneo Co-Founders Team: (from left to right) Nicolas Dupont,…

WaveOptics Secures Funding to Scale the Business to Meet Growing AR Market Demand

Additional $13 Million Raised in Final Stage of $39 Million Series C Funding Round WaveOptics, the world leading designer and manufacturer of waveguide displays, the key optical component used in Augmented Reality (AR) wearables, has closed an oversubscribed $39m (£30m) Series C funding round. WaveOptics raised an additional $13m (£10m) in the final stage, having raised an initial $26m (£20m) in December 2018. This final stage was supported by existing investor Goertek, a global leader in the design and manufacturing…

Cloud Technology Leader Clio Announces $250 Million Investment from TCV and JMI to Transform the Legal Industry

Clio, the leader in cloud-based legal technology, announced it has raised US$250 million in Series D funding from TCV and JMI Equity. This growth investment marks one of the largest in legal technology, the largest in Canadian history, and a definitive shift for the future of the legal industry. Clio Raises $250 Million Investment from TCV and JMI to Transform Legal Industry According to the US Census data, Americans spent US$261 billion on legal services in 2012. Yet, 77% of legal problems don’t receive legal…

Windfall Raises $9 Million to Build the World’s Most Complete and Accurate Source of Consumer Financial Data

Bullpen Capital leads the round with Bonfire Ventures, Industry Ventures, TenOneTen Ventures, ValueStream Ventures participating Windfall Data Inc ("Windfall"), a company that determines the net worth of global households, announced that it raised $9 million in venture funding. The round was led by Bullpen Capital with Bonfire Ventures, Industry Ventures, TenOneTen Ventures, and ValueStream Ventures participating. Windfall will use the funding to continue building a global source of consumer financial data that aspires to…

CrowdStrike Announces Establishment of Falcon Fund

In Partnership with Accel, Crowdstrike Will Co-Invest in Security Startups That Are Building Applications on the Crowdstrike Falcon Platform CrowdStrike Inc., a leader in cloud-delivered endpoint protection, announced the launch of Falcon Fund, an $20 million dollar early stage investment fund started by CrowdStrike®, in partnership with Accel. Falcon Fund will focus on seed and Series A investments in startups that are building applications on the CrowdStrike Falcon platform. The Falcon Fund will act as a co-investor…

H2O.ai Raises $72.5 Million Led by Goldman Sachs and Ping An to Democratize AI

Investment Powers H2O.ai to Transform Every Company to be an AI Company H2O.ai, the open source leader in artificial intelligence and automatic machine learning for the enterprise, announced it has secured $72.5 million in a Series D round, bringing the total funding to $147 million. The round was led by Goldman Sachs and the Ping An Global Voyager Fund with continued investments from Wells Fargo, NVIDIA and Nexus Venture Partners. Jade Mandel from Goldman Sachs will be joining the H2O.ai Board of Directors. Since the…

Mitchell Reichgut to Step Down as Jun Group CEO

Longtime Friend and Business Partner, Corey Weiner to Take the Helm Jun Group, an industry-leading mobile video advertising company, announced the retirement of its founder and CEO Mitchell Reichgut at the end of August. Reichgut, who spent eighteen years of his advertising career building the company to over 100 employees across five offices, will retire to pursue writing, artwork and community service. The company’s current COO and President, Corey Weiner, will take over as CEO. Weiner and Reichgut have worked…

Personalized Mobile Messaging Platform Raises $40 Million Series B

Sequoia Led Series B Funding Round for Attentive, a Personalized Mobile Messaging Platform to Rapidly Scale Customer and Employee Growth, Changing the Way Consumers Interact with Businesses Mobile messaging has come a long way. Today, mobile messengers are far more interactive, personalized and marketing-friendly. In a major boost to further improve personalization in mobile messaging, Attentive announced its Series B funding earlier this week. With Attentive, brands can seamlessly grow a list of subscribers, send highly…

Dun & Bradstreet Releases Study on the Automation Transformation in Finance

Reliable Data Identified as Top Need for Successful Finance Automation Dun & Bradstreet announced the findings of a multi-national study on how responding finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation. The informal study found that while 87% of respondents believe automation will improve the respective function's efficiency in the next three years, most organizations are not leveraging automation to their fullest potential yet.…

EY Study: AI Important to a Company’s Success, but Lack of Skilled Personnel Remains a Barrier

31% Believe Lack of Skilled Personnel Is Greatest Barrier to AI Implementation An EY study of US CEOs and business leaders reveals that most executives recognize the value of artificial intelligence (AI), with 84% believing that AI is important to the future success of their company. At least three in five respondents (62%) said that AI will have a major impact on creating efficiencies at their company, remaining competitive (62%) and gaining a better understanding of customers (60%). In addition, 55% of respondents…

Kasten Secures $14 Million Series A

Led by Insight Partners, the Cloud-Native Data Management Company Is Positioned to Take Advantage of Enterprise Demand and Accelerate Their Flagship Product, K10 Kasten, a market leader in cloud-native data management, announced a $14 million Series A round led by Insight Partners, bringing the company’s total funding to $17 million to date. The Series A financing builds on an exceptional year for Kasten which saw a rapidly growing roster of enterprise customers that are scaling cloud-native deployments. The investment…

B/2BNOW, an SAP S/4HANA Cloud ERP Solution, Closes Seed Round

B/2BNOW, a leading provider of electronic data interchange (EDI) solutions for the SAP S/4HANA Cloud enterprise resource planning (ERP) system has closed first round funding and is rapidly acquiring new clients. Integral to this expansion is Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing. This strategic partnership will provide better automation and an improved experience on S/4HANA as customers prepare for the transition from SAP's legacy ERP business suite, of which SAP…

WSC Sports Raises $23 Million in Series C Funding

Backed by New and Existing Investors, New Funding to Accelerate Growth of AI-Driven Video Platform WSC Sports, the leader in AI-powered sports video content, announced it has raised $23 million in Series C funding, bringing the company's total funding to $39 million. The new capital will be used to further expand WSC's growth across new sports, products and geographic regions. This funding round was led by Eyal Ofer's O.G. Tech Ventures ("O.G. Tech") – the international tech investment arm of Ofer Global, along with…

Customer Data Platform Industry Grew 71% in One Year; Will Reach $1 Billion Revenue in 2019

The Customer Data Platform Industry continued its rapid growth in the first half of 2019, according to the CDP Institute's semi-annual Industry Update.  The industry added nineteen vendors and raised $317 million in new capital during the period while employment was up 71% over the previous year. Major shifts in the market included expansion in Europe, EMEA, and APAC. Fifteen of the nineteen new CDP vendors are from outside the U.S. The Institute also confirmed its projection for the CDP industry to reach the $1 billion…

vCita Secures $15 Million Growth Funding Round Led by Forestay Capital

vCita, a leading cloud-based, business management solution for small businesses, has completed a $15 million funding round led by Forestay Capital. Founded in 2010 by Itzik Levy, a serial entrepreneur who also co-founded Kidaro (acquired by Microsoft), vCita enables small business owners to manage their client interactions with ease from a single, integrated, on-the-go app. vCita has over 100,000 paying users worldwide, who use its centralized dashboard to manage their schedule, issue invoices and quotes, track and…