Fundraising

Creatio raises $200M at a $1.2B valuation for its no-code CRM and workflow platform

Fundraising /

Creatio, the no-code CRM and workflow automation platform, on Wednesday announced that it has raised a $200 million funding round led by Sapphire Ventures. StepStone Group and current investors Volition Capital and Horizon Capital also participated in this round. “The problem we’re solving is addressing the need of knowledge workers,” Creatio co-founder and CEO Katherine […]

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Payabli is building payment management tools for software startups

Fundraising /

Joseph Phillips and William Corbera, both of whom come from entrepreneurial backgrounds, have been friends for over a decade. Corbera co-founded RevoPay, a payments processing platform that was acquired by payments solutions firm OSG in 2022. Phillips, for his part, led the national sales team at Seamless before heading up sales at ServiceTitan, a web-based

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General Catalyst leads $40M round for Local Kitchens, a different kind of restaurant kitchen startup

Fundraising /

At a time when companies are shuttering their cloud and ghost kitchens, Local Kitchens is proving its tech-enabled multi-brand restaurant concept is a business model that can work. And it grabbed $40 million in new Series B funding for its efforts. Jon Goldsmith, Jordan Bramble and Andrew Munday, all former DoorDashers, started the San Francisco-based

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H Venture Partners launches venture studio focused on microbiome tech

Fundraising /

H Venture Partners is launching a venture studio that will focus on sourcing microbiome technologies and materials that can be commercialized and turned into startups.  The firm said on Friday that it will source talent who can solve health problems like depression, cancer, eczema and neurodegenerative diseases. This expansion is in part funded by H

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How 2 high school teens raised a $500K seed round for their API startup (yes, it’s AI)

Fundraising /

Just a few weeks ago, 18-year-old best friends Christopher Fitzgerald and Nicholas Van Landschoot graduated from high school.  While most teens their age would be living it up in their last summer before college or the adult jobs that await them, Fitzgerald and Van Landschoot are hunkered down in a VC office in Boulder, Colorado.

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OmniAI transforms business data for AI

Fundraising /

The majority of companies struggle to extract value from their data. Several years ago, Forrester reported that between 60% and 73% of data belonging to the average business goes unused for analytics. That’s because the data’s siloed or otherwise pigeonholed by technical and security considerations, making it difficult — if not impossible — to apply analytical tools.

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OpenAI buys Rockset to bolster its enterprise AI

Fundraising /

OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”

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Kevin Hartz’s A* raises its second oversubscribed fund in three years

Fundraising /

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the fundraising market’s frost the most, some emerging VCs like A* have enough name recognition, and a good enough track record, to still find success. A*,

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Labor shortages are still fueling growth at automation firms like GrayMatter

Fundraising /

Robotics funding has broadly cooled off since its 2021-2022 peaks, but plenty of the issues exposed by the pandemic remain firmly in place. The biggest push behind venture funding in the category is an ongoing labor shortage. Analyst firm Garner forecasts that by 2028, half of large enterprise companies will employ robots in their warehouse

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