AI-powered construction project platform OpenSpace nabs $55M


OpenSpace, a platform that helps construction companies track building projects through AI-powered analytics and 360-degree photo documentation, has raised $55 million in a series C round of funding led by Alkeon Capital Management. The raise comes amid a cross-industry digital transformation boom, spurred in large part by the pandemic. Construction has often lagged behind other sectors in terms of efficiency, but technology such as robotics, artificial intelligence (AI), and remote collaboration tools have played a sizable role in getting the $11 trillion industry back on track.

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DataGrail, which helps enterprises manage data privacy requests, raises $30M

Datagrail dashboard

DataGrail, a data privacy startup that helps businesses navigate the growing array of privacy regulations around the world, has raised $30 million in a series B round of funding. Alongside the investment, the San Francisco-based company also added a slew of new enterprise customers to its roster, including Databricks, Dexcom, and Twilio.

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SentinelOne bolsters its big data analytics with $155 million Scalyr acquisition

SentinelOne Platform

SentinelOne, an AI-powered cybersecurity platform focused on endpoint protection, has acquired Scalyr, a log management, server monitoring, and event data analytics service founded by former Google engineers in 2011. The $155 million cash and equity deal, which precedes a much-anticipated IPO, represents SentinelOne’s first known acquisition.

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Lynk raises $24 million to bring knowledge-as-a-service platform to more industries

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Lynk, a “knowledge-as-a-service” platform that connects domain-specific experts with businesses, has raised $24 million to fuel expansion in the U.S.
While there are myriad platforms and tools that unlock insights from vast swathes of data, Lynk offers an AI-powered engine that indexes “knowledge domains” and vetted experts to find answers to questions businesses are asking.

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TripActions raises $155 million to help enterprises analyze travel and expense data

TripActions, a booking and management platform that offers enterprises real-time data, automated reporting, and insights into business travel and expenses, has raised $155 million in a series E round of funding co-led by existing investor Andreessen Horowitz. The Palo Alto, California-based company is now valued at $5 billion, up from the $4 billion valuation at its series D round 18 months ago.

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Alphabet’s Verily teams up with Microsoft to power multi-cloud biomedical research

Tera Workspaces

Verily, Alphabet’s research subsidiary focused on life sciences, has announced a strategic partnership with Microsoft and Broad Institute of MIT and Harvard to adopt a new multi-cloud approach to biomedical research. The news comes less than a month after Verily raised a fresh $700 million in funding from parent Alphabet, Silver Lake, and Temasek.

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Hootsuite acquires Sparkcentral to unify and automate social customer service

Social media management stalwart Hootsuite has acquired Sparkcentral, a messaging app-focused customer engagement platform that offers virtual agents and automated message distribution. Terms of the deal were not disclosed. The acquisition comes as more companies seek tools that will help them support customers online while working collaboratively with team members based in any number of locations.

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iLobby raises $100 million to help enterprises manage on-site visitors

Enterprise-focused visitor management software provider iLobby has raised $100 million in a round of funding from Insight Partners. Despite the rapid push to embrace remote working in 2020, many — if not most — businesses will likely return to physical office spaces in some capacity once it’s safe to do so. And, of course, some businesses are not well-suited to fully remote work.

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13 acquisitions highlight Big Tech’s AI talent grab in 2020

It’s no secret that Big Tech has for years nabbed top technology talent through product acquisitions and acqui-hires. In fact, this is something the Federal Trade Commission (FTC) is currently looking into through ongoing antitrust investigations. So it should come as little surprise that Facebook, Amazon, Apple, Microsoft, and Alphabet (FAAMG) have also engaged in an AI talent arms race that involves dangling millions of dollars in front of some of best technical minds.

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Goldman Sachs leads acquisition of bot mitigation company White Ops

White Ops, a fraud detection platform that protects enterprises and online platforms from automated attacks, announced it has been acquired by Goldman Sachs’ merchant banking division, in partnership with ClearSky Security and NightDragon. This news follows an investment the trio made in White Ops in May.

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VergeSense raises $12 million to bring workplace analytics to physical spaces

VergeSense, a company that develops hardware and software to capture key data from across the physical workplace, has raised $12 million in a series B round of funding. The raise comes as a slew of smart building sensor platforms capitalize on businesses seeking to bring employees back to the office, after having been forced to embrace remote working for much of 2020.

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CoachHub nabs $30 million for talent development platform that meshes AI with analytics

CoachHub, a “talent development” platform that pairs employees with business coaches, has raised $30 million in a series B round of funding led by Draper Esprit. Founded in 2018, Berlin-based CoachHub is a digital coaching platform that leverages an AI-based matching system to recommend the three best coaches for each individual.

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CodeSignal raises $25 million to automate technical assessments and reduce recruitment bias

CodeSignal, a platform that helps recruiters prescreen software development candidates through automated technical assessments, has raised $25 million in a series B round of funding led by Menlo Ventures. The funding comes as demand for remote tools reaches an all-time high, with businesses embracing online meetings and events, virtual collaboration tools, asynchronous video messaging, and digital recruitment.

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