RudderStack, a California-based customer data infrastructure platform, announced a $56M Series B funding led by Insight Partners. The funding was supported by Kleiner Perkins and S28 Capital. More: - As a part of the deal, Insight Partners Managing Director Praveen Akkiraju will join the board.
- RudderStack provides an end-to-end customer data optimization workflow and has integrated with over 13,000 sites and apps, allowing the companies to use the data for analytics or driving marketing efforts.
- Its clients include Priceline, AllBirds, Wealthfront, Crate & Barrel, and others.
- The company has received $82M of funding to date, including the recently announced investment.
- The incoming funds will be used to accelerate growth and increase employee count.
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The Australian graphic design online platform Canva announced its acquisition of Flourish for an undisclosed sum. Flourish is a data visualization platform based in the U.K. and has over 800,000 customers. More: - Once the acquisition is finalized, the entire 40-member team of Flourish will be taken under Canva.
- Flourish had recently raised $1M in funding and provides services to clients such as the BBC, Sky, Deloitte, Moody’s, and others.
- The resulting synergy from the acquisition is expected to add new data visualization tools to the Canva platform.
- Canva, which recently passed the 75 million active users milestone, was valued at $40B at its most recent funding round in Sept. 2021, when it raised $200M.
- The total funding received as of Sept. 2021 was $570M.
- The graphic design company acquired Kaleido and Smartmockups in 2021.
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 Dune Analytics Dune Analytics achieved unicorn status following a $1B valuation during its latest funding round. The crypto analytics platform raised over $69.42M in the Series B round led by Coatue. The funding saw participation from existing investors Multicoin Capital and Dragonfly Capital. More: - Dune currently has 10,000 users on the platform, building customized dashboards for DeFi, Ethereum, DEX, and NFT trading volumes.
- The platform is accessible for free, although there is a $390 per month subscription that includes access to customized data.
- The incoming funds will be deployed towards integrating API functionality into the platform, supporting more blockchains, and doubling its workforce.
- It currently integrates data from Ethereum, Polygon, Optimism, Binance Smart Chain, and xDAI blockchains.
- Dune last raised $8M Series A in July 2021.
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Velvet Sea Ventures and 01 Advisors led a $100M investment into Pixel Vault, Inc. The incoming funds will be used to launch an NFT development platform. More: - The platform will grant artists, creators, and collectors ownership of digital content.
- Pixel Vault has generated 100,000 ETH in primary and secondary transactions since May 2021.
- Sales topped $25B last year from 104,000 unique Pixel Vault NFTs.
- PUNKS Comic sold out all editions, while side project MintPass saw 10,000 NFT sales.
- Its collaboration with PUNKS Comic, Bored Ape Yacht Club, GMoney, and Adidas saw sales of 30,000 NFTs in an hour, estimated to be worth $24M.
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 A message from AXONIUS The software as a service (SaaS) model was a major paradigm shift in the history of IT — and has since become a go-to for many organizations. After all, SaaS models offer unquestionable benefits, like increased flexibility, accessibility, and cost savings. But as SaaS adoption continues to skyrocket, it's creating more complexity for IT and security teams. Tasks like gaining visibility into SaaS apps, monitoring spending, managing configuration, and licensing can feel complicated. Impossible, even. In this new white paper, Axonius explains why a modern, comprehensive approach to SaaS management — one that challenges what we think we know about the process — can help. Download "Navigating the Complexity of SaaS Management" and learn: - The top SaaS challenges — including shadow SaaS and SaaS spend — and how it impacts IT and security teams
- Current approaches to SaaS management — and their limitations
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 PlexTrac PlexTrac announced that it closed a $70M Series B funding round. Insight Partners led the funding into the cybersecurity startup with support from existing investors Madrona Venture Group, Noro-Moseley Partners, and StageDotO Ventures. More: - The recent funding will fuel market expansion, product development, hiring, and brand building.
- PlexTrac provides a cybersecurity workflow management platform along with a host of services, including assessment, testing, prioritizing, risk management, and remediation.
- The startup last closed a $10M Series A in April 2021.
- It increased its workforce by four times and posted recurring growth throughout last year.
- The startup claims that customers have witnessed a 30% efficiency increase in cybersecurity operations, with the platform providing 5x ROI in the first year itself.
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Quick Hits - Experience the Adobe Commerce technology suite in an interactive simulation and learn how Adobe has set the standard for hybrid eCommerce.*
- Houston-based full-stack software development company Softeq Development Corporation formed a $40M Softeq Venture Fund to assist early-stage technology startups. The fund will also aid its accelerator program, Softeq Venture Studio, which provides engineering expertise to help form startups.
- Brain function mimicking chip startup Rain Neuromorphics Inc. received a $25M investment led by Prosperity 7 Ventures, Aramco's VC arm.
- The $1.5B valued livestream shopping platform Whatnot announced the acquisition of Pastel Labs, a website review and feedback platform. Lyft's former head of Growth and Product Engineering, Ludo Antonov, joined the firm as VP and head of Engineering.
- SaaS management platform Torii announced a $50M Series B led by Tiger Global Management. Along with the recent funds, the firm has received $65M worth of investments to date.
- Zero Acre Farms raised $37M co-led by Lowercarbon Capital and Fifty Years, with participation from S2G Ventures, Collaborative Fund, Virgin Group, FootPrint Coalition Ventures, and others. The company prepares edible oils through a fermentation process, which it claims is not only healthier but also environmentally friendly.
- Real estate securities marketplace LEX Markets raised $15M Series A led by PEAK6 Strategic Capital with participation from Khosla Ventures, Two Lanterns, MUFG Innovation Partners, and Gaingels.
- Colombian VC firm Marathon Ventures closed a $26M fund to invest in early-stage startups in fintech, SaaS, and marketplaces. Marathon's portfolio includes Sumer, Estoca, Meru, and Tul – which recently received $181M Series B funding.
- We all know stocks are a great way to grow your money. But they're not the only way. That's why we've been reading the Alts newsletter.*
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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