raises $10M to grow its database platform

Crate IO, a startup developing a database platform called CrateDB, today announced that it raised $10 million in additional funding (including $2 million in debt) from Draper Esprit, Vito Ventures, and individual investors. CEO Eva Schönleitner says that the proceeds, which bring the company’s total raised to $31 million, will be put toward expanding’s sales teams, the CrateDB ecosystem’s functionality and partner integrations, and the open source developer community around CrateDB.

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Data flow automation engine Prefect raises $32M


Prefect, which was founded in 2018, offers a platform that can build, run, and monitor up to millions of data workflows and pipelines. The company’s hybrid execution model keeps code and data private while taking advantage of a managed orchestration service. Customers can use Prefect for scheduling, error handling, data serialization, and parameterization, leveraging a Python framework to combine tasks into workflows and then deploy and monitor their execution through a dashboard or API.

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Osome raises $16M to automate repetitive accounting tasks


AI-powered accounting platform Osome today announced that it raised $16 million in a series A funding round. The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations.

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People analytics startup ChartHop raises $35M


ChartHop, a self-styled people analytics startup, today announced that it raised $35 million in a series B funding round led by Andreessen Horowitz. The capital brings the company’s total raised to over $54 million to date, and CEO Ian White says that it’ll be used to fund expansion through product enhancements, investments in service and support, and go-to-market efforts.

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Bain and Crosspoint Capital acquire ExtraHop in $900M deal


Bain Capital Private Equity and Crosspoint Capital Partners today announced that they’ve entered into a definitive agreement to acquire ExtraHop, a network detection and response (NDR) provider headquartered in Seattle, Washington. As a part of the strategic transaction, which is valued at $900 million, ExtraHop CEO Arif Kareem and cofounders CTO Jesse Rothstein and CCO Raja Mukerji will continue in their respective roles and Rothstein and Mukerji will remain “significant” investors in the company.

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API vulnerability detection firm Salt Security raises $70M

Salt platform

API discovery and vulnerability detection platform Salt Security today raised $70 million in a series C funding round led by Advent International. The Palo Alto, California-based startup says it plans to use the capital to expand its global operations across R&D, sales and marketing, and customer success.

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No-code cybersecurity platform SpecTrust emerges from stealth with $4.3M


SpecTrust, a San Jose, California-based startup developing a no-code cybersecurity platform, today emerged from stealth with $4.3 million in seed funding led by Cyber Mentor Fund. Founded by employees from ThreatMetrix, eBay, Fastly, and Akama, SpecTrust plans to put the proceeds toward product R&D and global hiring efforts.

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Cognite raises $150M to digitize industrial operations


Cognite, an industrial software-as-a-service (SaaS) company, today announced it has raised $150 million in an equity funding round led by TCV at a $1.6 billion post-money valuation. The company says this investment marks one of the largest funding rounds for a SaaS company in Europe and will be used to expand the company’s platform and support hiring efforts.

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AI call center automation company Asapp raises $120M


Asapp, an AI research-driven customer experience company, today announced it has raised $120 million at a $1.6 billion valuation, double its previous post-money valuation. Asapp says it plans to use the capital to support expansion after a year in which it grew roughly twofold.

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Data prep and management platform Data.World raises $11M

Data World

Cloud-based data catalog startup Data.World today closed a $11.05 million growth round led by Dutch chemical company Vopak, a customer. The company says the funds will be used to support expansion, product development, and hiring, as well as new customer acquisition.

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Sosivio nabs $4M for container monitoring and observability

Sosivio cloud

ontainer observability startup Sosivio today announced that it closed a $4 million seed round led by Seamans Holdings, with participation from Superposition Venture Partners and Side Door Ventures. Cofounder and CEO Nuri Golan says that the proceeds will be used to support product launches and allow the company to scale over the next few years.

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DeepScribe raises $5.2M to transcribe medical notes with AI

DeepScribe raises $5.2M to transcribe medical notes with AI

DeepScribe, an AI-driven platform for medical record-taking, today announced it has raised $5.2 million in a seed round led by Bee Partners. The company says the funding will be put toward product research and development, as well as hiring efforts.

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AI-powered identity access management platform Authomize raises $16M

Lock security

Cloud-based authorization startup Authomize today announced that it raised $16 million in series A funding led by Innovation Endeavors, bringing the startup’s total raised to $22 million to date. CEO and cofounder Dotan Bar Noy says that the capital will be used to support Authomize’s R&D and hiring efforts this year, as expansion ramps up.

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Edge AI chipset developer raises $80M [Video]

Sima AI, a company developing embedded edge hardware for machine learning applications, today announced that it raised $80 million in a series B round led by Fidelity Management & Research Company. The startup says that the funds will be used to commercialize its first-generation system-on-a-chip product, as well as to jumpstart development of its second-generation product’s architecture and supports’s go-to-market, customer success, and hiring initiatives globally.

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Mythic raises $70M to disrupt AI chips with analog and flash components


Mythic has raised $70 million to fund the analog-based AI processors it plans to launch later this year. Mythic has spent nine years coming up with a patented, potentially disruptive way to compete with other makers of artificial intelligence chips. The company emphasizes energy efficiency and lower cost with its design that focuses on analog technology integrated with dense flash memory,

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Redwood Software raises $379M for enterprise process automation

Redwood workbench

Redwood Software, a provider of cloud-based business and IT process automation solutions, today announced a €315 million (~$379.97 million) strategic investment from growth equity firm Turn River Capital. Redwood says the funds — which represent its first external financing — will be put toward accelerating product development as it looks to grow its customer base.AI Funding

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Reinforcement learning competition pushes the boundaries of embodied AI

In a recent development in embodied AI, scientists at IBM, the Massachusetts Institute of Technology, and Stanford University developed a new challenge that will help assess AI agents’ ability to find paths, interact with objects, and plan tasks efficiently. Titled ThreeDWorld Transport Challenge, the test is a virtual environment that will be presented at the Embodied AI Workshop during the Conference on Computer Vision and Pattern Recognition, held online in June.

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