CloudPay, a leading independent provider of global payroll and payment solutions, has announced the successful completion of a $120 million funding round. The investment was led by Blue Owl Capital, with significant contributions from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. This substantial funding boost will further fortify CloudPay’s capital base…
Stability AI, a pioneering force in generative AI technology, has announced a transformative leadership change and significant investment round. The company, known for its breakthroughs in imaging, language, code, and audio AI, has appointed Prem Akkaraju as its new Chief Executive Officer effective immediately. Concurrently, Stability AI has closed a substantial round of investment from…
Adaptive, a pioneering financial automation platform dedicated to transforming financial management in the $2 trillion construction industry, announced the successful closure of a $19 million Series A funding round on Monday. This significant investment, led by Emergence Capital and joined by Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram, propels Adaptive towards scaling…
CereTax, the pioneering force in sales and use tax automation, has announced a transformative $9 million financing round led by S3 Ventures, accompanied by Wild Basin Investments and Leaders Fund. CereTax has redefined the landscape of sales tax solutions, merging cutting-edge cloud technology with a client-centric approach led by experts in indirect tax. Unlike outdated…
In a significant stride for the legaltech landscape, Fynk, a pioneering startup, has successfully raised $3.5 million to enhance its AI-driven contract management solutions. This funding round arrives just four months post its public debut in May 2024, following an initial pre-seed investment of $1.5 million. Founded by seasoned entrepreneurs Constantin Wintoniak, Dominik Hackl, and…
Semrush Holdings, a global leader in online visibility management, has announced its acquisition of Ryte, a prominent Munich-based SaaS company known for its expertise in optimizing website user experience. This strategic move marks a significant expansion for Semrush, further strengthening its capabilities in SEO and digital marketing solutions. Founded in 2012, Ryte has made a…
Pindrop, a pioneer in voice authentication and security solutions, has secured $100 million in debt financing from Hercules Capital, Inc. This substantial investment marks a pivotal moment for the company as it ramps up efforts to combat escalating cyber threats, particularly in voice and AI technologies. Founded on a mission to revolutionize voice security, Pindrop…
Estonian cybersecurity startup Patchstack has successfully raised $5 million in a Series A funding round aimed at enhancing its open-source security solutions. This round, led by Karma Ventures, saw participation from G+D Ventures and Emilia Capital, the investment firm established by Yoast founders Marieke van de Rakt and Joost de Valk. This funding follows a…
Dublin-based Solidroad has successfully raised $1.2 million in a recent funding round aimed at bolstering its AI-driven enterprise software solutions for hiring, onboarding, and training. The investment, led by prominent figures including Dan Kiely, Jack Pierce, Ciaran Lee, Anne Heraty, and Louise Phelan, underscores confidence in Solidroad’s transformative technology and its potential to revolutionize workforce…
In a significant step to enhance the delivery of behavioral health services within the workers’ compensation sector, Empatha, a frontrunner in behavioral care management, has announced a successful capital raise from institutional investors. This infusion of funds is poised to bolster Empatha’s capacity to serve the increasing needs of injured workers, employers, and insurers, as…
