Rainforest, a trailblazer in embedded payment solutions for software platforms, announced today the successful closure of an oversubscribed $20 million Series A funding round led by Matrix Partners. This funding, which also saw participation from Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, and Ardent Venture Partners, builds on Rainforest’s previous seed round,…
Pryzm Dynamics Inc., a pioneer in streamlining government procurement, has announced a successful $2 million seed funding round. The funding was co-led by XYZ Venture Capital, known for its early backing of Anduril, and Amplify.LA, with additional participation from First In and a select group of strategic investors. This infusion of capital will accelerate the…
MagicSchool AI, the rapidly growing technology platform dedicated to K-12 educators and students, has secured $15 million in a Series A funding round led by Bain Capital Ventures. Additional investors include Adobe Ventures, Common Sense Media, and notable angel investors such as Amjad Masad, Tyler Bosmeny, Rafael Garcia, and Amir Nathoo. This investment will drive…
Congruex, a leading provider of comprehensive digital network services, has appointed Shane Portfolio as its new Chief Technology Officer. With an illustrious career marked by transformative leadership in digital network engineering, Portfolio joins Congruex to spearhead technological innovation and extend nationwide connectivity solutions. Shane Portfolio brings nearly three decades of profound industry experience, cultivated during…
Shaped.ai, a pioneering AI platform specializing in personalized recommendations and search solutions for marketplaces and e-commerce, announced today the successful closure of an $8 million Series A funding round. The funding will accelerate the rollout of their new self-serve cloud product aimed at transforming user experiences across digital platforms. Founded by industry veterans from Meta…
Leya, a pioneering force in AI-driven legal technology, has successfully concluded its Series A funding round with a significant $25 million investment. The round was spearheaded by Redpoint Ventures, accompanied by strong support from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, alongside new addition Alt Capital. Founded on the fundamental belief that legal professionals…
Standard Bots, a trailblazer in robotics automation, has successfully raised $63 million in a Series B funding round. This latest round, spearheaded by General Catalyst with notable contributions from the Amazon Industrial Innovation Fund and Samsung Next, marks a significant milestone for the company as it gears up to expand its innovative solutions across American…
Avalor AI, a prominent software firm headquartered in Amsterdam, has triumphantly closed a seed funding round, raising €2 million led by Keen Venture Partners. The infusion of capital marks a pivotal moment for the company, poised to advance the frontiers of autonomous capabilities within military unmanned systems. At the heart of Avalor AI’s innovation lies…
Apriori Bio, a pioneering biotechnology firm, has secured a significant funding injection of US $1.1 million from CEPI (Coalition for Epidemic Preparedness Innovations) to propel its cutting-edge artificial intelligence platform, Octavia™. Designed to safeguard against rapidly-evolving viral threats, Octavia™ employs advanced machine learning to predict and counteract virus mutations, crucial for developing variant-resilient vaccines. Octavia™…
Cognigy, a pioneer in AI-driven customer service solutions, proudly announces its consecutive victory in the prestigious AI Breakthrough Awards 2024, clinching the title of “Best Natural Language Understanding Solution” for the second year running. Hosted by AI Breakthrough, a leading market intelligence firm, the annual awards program recognizes outstanding achievements in artificial intelligence across various…
