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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AI-powered transcription startup Verbit raises $157M

Verbit AI

Verbit today announced the close of a $157 million series D round that the company says will bolster its product R&D and hiring efforts. CEO Tom Livne, who noted that the raise brings the company’s post-money valuation to more than $1 billion, said that the capital will also support the company’s geographic expansion as it prepares for an initial public offering.

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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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RPA platform ElectroNeek raises $20M


ElectroNeek, a robotic process automation (RPA) platform for managed service providers and IT teams, today announced that it raised $20 million in a series A funding round led by Baring Vostok. San Francisco, California-based ElectroNeek, which is now valued at $100 million, says it’ll put the proceeds toward product development and the expansion of its engineering workforce.

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OpenAI launches $100 million startup fund with Microsoft

Openai Microsoft

OpenAI today launched the OpenAI Startup Fund, a $100 million fund to — in the words of OpenAI — “help AI companies have a profound, positive impact on the world.” The fund is managed by OpenAI, with investment from Microsoft and other partners, and OpenAI says that companies selected for it will get early access to future OpenAI systems, support from OpenAI’s team, and credits on Microsoft Azure.

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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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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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Data backup company Acronis secures $250M to expand datacenter footprint


Data recovery startup Acronis today announced that it raised $250 million at a valuation of over $2.5 billion post-money. The funds bring Singapore- and Switzerland-based Acronis’ total raised to over $408 million, following angel, debt, and later-stage raises from March 2014 to September 2019. Founder and CEO Serguei Beloussov said the new funds will be used to acquire more companies, expand Acronis’ engineering team, and build over 111 datacenters around the globe.

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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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Toyota subsidiary acquires Lyft self-driving division for $550M


Woven Planet, a newly established Toyota subsidiary, today announced plans to acquire the self-driving division of Lyft, Level 5, in a deal worth $550 million. The companies say that the purchase will bring together roughly 1,200 scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute already working together with Woven Planet.

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Cyrebro raises $15M to expand its security operations platform


Cyrebro, a cloud-based security operations center (SOC), today announced it has raised $15 million in a series B round led by Prytek. CEO Nadav Arbel says the capital, which brings the company’s total raised to $22 million, will be used to support development of the Cyrebro platform and strengthen the startup’s reach in the small and medium-sized business (SMB) market.

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