SaaS startups Flex, Connected2Fiber, Feedback Loop secures Funding
Flex Logix has raised $55 million to develop AI chips for edge enterprise applications
Flex Logix, a company that creates reconfigurable AI accelerator chips, has disclosed a $55 million investment round led by Mithril Capital Management.
The capital, according to CEO Geoff Tate, will enable the company to expand its software, engineering, and customer service teams in order to increase the availability of its hardware and software for edge enterprise applications.
Connected2Fiber has raised $12 million in Series B funding
Connected2Fiber, a Boston, Massachusetts-based Industry Cloud for Connectivity, has raised $12 million in Series B funding. Harbert Growth Partners led the round, which included new investors Ascent Venture Partners, Nauta Capital, and Osage Venture Partners.
The funds will be used to invest in go-to-market activities through distribution, marketing, and consumer success divisions, as well as to accelerate the platform's product roadmap.
Orca Security receives $210 million in Series C funding at a unicorn valuation
Orca Defense, an Israeli cybersecurity company that provides an agent-less security framework for securing cloud-based data, reported that it has raised a $210 million Series C round at a valuation of $1.2 billion. CapitalG, Alphabet's independent development vehicle, and Redpoint Ventures led the round.
The funding will be used to accelerate on many fronts, including rapidly expanding the product organization to bring additional features to the app, post-breach capabilities, identity access protection, and many other fields. In addition, we want to expand our go-to-market operations.
Feedback Loop has raised $14 million
Feedback Loop, a “agile testing” tool that allows companies to gather customer feedback quickly, unveiled a $14 million investment round as part of a drive to “automate and democratize” market research.
The company's $14 million investment brings its series A round to a total of $24 million. Crosslink Capital, which has previously invested in big cloud companies such as Equinix and Coupa, led the round, with Spider Capital also participating.
AnyRoad secures $10 million in Series A-1 funding
AnyRoad, a forum for Experience Relationship Management (ERM) headquartered in San Francisco, CA, has secured $10 million in Series A-1 funding. Andreessen Horowitz and Runa Capital led the round, with former founders Rally Ventures, Precursor Ventures, and Day One Ventures all participating.
The funds will be used to invest in R&D and advance its results, ideas, and machine learning products to help the hybrid experience model, as well as to double its engineering and sales headcount.
French VC firm Breega secures $130 million fund
Breega, a Paris-based venture capital company, has announced the final closure of its third portfolio. The company was able to raise $130 million (€110 million). This is Breega's third fund, formally known as Breega Capital Venture 3.
Any of the money from Breega's latest fund has already been invested by the investment team. Entrepreneurs-turned-business-angels are among the fund's limited partners.
Side raises $150 million in Series D funding
Side, a real estate technology firm headquartered in San Francisco, CA, raised $150 million in Series D financing, bringing its value to $1 billion. Coatue Management led the round. Side's overall financing currently exceeds $200 million, thanks to investments from Matrix Partners, Trinity Ventures, and Sapphire Ventures.
The funds will be used to develop the network and expand into its three operating markets of California, Texas, and Florida.
ServiceTitan, a software provider for tradespeople, is now valued at $8.3 billion
Tiger Global and Sequoia Capital Global Equities headed the $500 million round, with established investors Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital, Iconiq, Index Ventures, and T. Rowe Price all investing. The $8.3 billion value of the Series F financing round quintuples.
With the money, Mahdessian and Kuzoyan co-founders plan to recruit more employees to expand their product lines through trade styles and the features that represent them.