AI-powered contract management platform Malbek lands $15.3M

Malbek

Contract lifecycle management startup Malbek today announced it has raised $15.3 million in a series A funding round led by Noro-Moseley Partners, with participation from TDF Ventures and Osage Venture Partners. The funding, which brings the company’s total raised to over $20 million, will be used to support product development and expansion, according to CEO Hemanth Puttaswamy.

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Arize AI raises $19 million Series A financing led by Battery Ventures for Machine Learning Observability

Arize

Arize AI, the leader in ML observability and model monitoring, announced it has raised $19 million in Series A financing. The round was led by Battery Ventures with participation from previous investors Foundation Capital, Trinity Ventures, The House Fund and Swift Ventures. Dharmesh Thakker, general partner at Battery Ventures will join the Arize AI board.

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Astera Labs, a fabless chip startup, nabs $50M at a $950M valuation to remove bottlenecks in high-bandwidth cloud applications

Astera Labs

Astera Labs, a fabless semiconductor company that builds connectivity solutions that help remove bottlenecks around high-bandwidth applications and help better allocate resources around enterprise data, has raised $50 million.

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Akkio Raises $3 million for AI Platform for everyday business Users

Akkio

Akkio, developers of an artificial intelligence (AI) platform for non-data scientists, announced the closing of a seed investment round of $3 million led by Bain Capital Ventures.

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CRM marketing startup Optimove raises $75M

Optimove

Optimove, a customer relationship management (CRM) software provider, today announced that it raised $75 million in a funding round led by Summit Partners with participation from existing investors. The company says the capital will be put toward supporting strategic mergers and acquisitions, product R&D, and hiring, with the goal of doubling the company’s 180-person headcount over the next two years.

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“Above the Trend Line” – Your Industry Rumor Central for 9/24/2021

Above the Trend Line

Variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz.

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Bigeye, providing data quality automation, closes second round this year with $45M

Bigeye

Bigeye on Thursday announced a $45 million in Series B funding, just six months after securing a $17 million Series A round.

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Inventory optimization startup Flieber bags $12M, aims to help retailers avoid out-of-stock, overstock moments

Flieber

Flieber wants to help e-commerce retailers get back to what they do best: selling. The New York-based company announced Wednesday $12 million in Series A financing to continue developing its inventory optimization platform that uses analytics and machine learning to give multi-channel brands a leg up when it comes to determining what the ideal stock level would be across all of the sales channels and inventory locations.

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Osano, a data compliance platform, raises $11M

Osano

Osano, a data privacy platform that helps websites become compliant with international regulations, today announced that it closed a $11 million funding round led by Jump Capital, bringing its total raised to $22.3 million. The company says that the money will be used to support international expansion as well as hire additional sales, marketing, and engineering staff.

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Workflow automation startup Daylight lands $12.3M

Daylight

Toronto, Canada-based Daylight, formerly FormHero, today announced it has raised $12.3 million in a series A round led by RTP Global, Bessemer Venture Partners, and Golden Ventures, with participation from Golden Ventures. The company says the funds, which bring its total raised to $14.56 million, will be used to support go-to-market activities and expand the capabilities of its automation platform.

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Project44 acquires last-mile delivery startup Convey for $255M

Project44 - Convey

Project44, a Chicago, Illinois-based supply chain visibility solutions provider, today announced that it acquired last-mile delivery startup Convey for $255 million. Together, Project44 says that it and Convey will serve the global supply chain end-to-end, offering insights to help brands deliver new direct-to-consumer and ecommerce experiences.

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Business Canvas, a Korea-based document management SaaS company, closes $2.5M seed round

Business Canvas invests in Typed

Business Canvas, the South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 million seed round led by Mirae Asset Venture Investment, with participation from Kakao Ventures and Nextrans Inc.

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App observability platform DeepFactor raises $15M

Deepfactor

DeepFactor, a code observability startup based in San Jose, California, today announced that it raised $15 million in series A financing led by Insight Partners with participation from Emergent Ventures, Security Leadership Capital, and Tricentis. The funding brings the company’s total raised to $18.4 million to date, and it’ll be put toward supporting existing product development and the launch of a software-as-a-service offering, according to cofounder and CEO Kiran Kamity.

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Software supply chain management company Cloudsmith raises $15M

Cloudsmith

Belfast, Northern Ireland-based software supply chain management startup Cloudsmith today announced that it closed a $15 million series A funding round led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart. The infusion brings the company’s total raised to over $17 million and will be used to expand Cloudsmith’s workforce from 17 employees to 60 in the next year, particularly its U.S.-based sales and data engineering teams.

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AI-powered disinformation detection platform Blackbird nabs $10M

Blackbird AI

Blackbird.AI, an AI-powered platform designed to combat disinformation, today announced that it closed a $10 million series A funding round led by Dorilton Ventures with participation from NetX, Generation Ventures, Trousdale Ventures, StartFast Ventures, and individual angel investors. The proceeds, which bring the company’s total raised to $11.87 million, will be used to support ramp-ups in hiring and product lines and launch new features and capabilities for corporate and national security customers, according to cofounder and CEO Wasim Khaled.

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Data Integration platform Fivetran raises $565 million in funding, acquires HVR

Fivetran

Automated data integration platform, Fivetran, has raised $565 million in a Series D round, consisting of new and existing investors. Andreessen Horowitz led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity. 

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AI-powered supply chain visibility platform Altana nabs $15M

Altana

Altana AI, a startup building a database for global supply chain networks, today announced that it raised $15 million in a series A funding round led by GV with participation from Floating Point, Ridgeline Partners, Amadeus Capital Partners, and Schematic Ventures.

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AI Edge Hardware startup Deep Vision raises $35 M in Series B

Deepvision

Deep Vision, Inc. has announced it received $35 million in an oversubscribed Series B financing round, led by Tiger Global. The funding proceeds will help Deep Vision expand the capabilities of its AI processor and software tools and support its rapidly growing customer base.

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Lendio acquires Laso’s AI enhanced Loan Origination Solution to provide underwriting services for Lending Platforms

Lendio, the leading SME financial solutions marketplace, reveals that it has made an asset purchase of Laso’s Loan Origination Software (LOS) and insights technology, which should help further its goal of supporting SMBs.

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Computer vision dev platform Roboflow raises $20M

Roboflow

Roboflow, a Des Moines, Iowa-based startup developing tools for building computer vision models, today announced that it raised $20 million in a series A round led by Craft Ventures. It brings the company’s total raised to $22.2 million to date, and CEO Joseph Nelson says it’ll be put toward ongoing product development and hiring efforts.

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