Brightflow AI has raised a $119.2M funding round. The investment is split, with $19.2M in equity and $100M raised as debt. More: - The $15M Series A funding round was led by Haymaker Ventures, with a previously unannounced $4.2M Seed round led by Bonfire Ventures. The $100M in debt financing was deployed by i80 Group.
- Brightflow AI offers Artificial Intelligence software that helps businesses predict their revenue, demand, and KPIs. The company claims into offers these services at a lower cost than the competition.
- Its platform integrates with Facebook, Google, Xero, Shopify, Amazon, etc.
- Brightflow AI has processed over 49,000 daily transactions since the beginning of 2022 for over 1,200 customers.
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Kambi has acquired Shape Games for $78.1M. The company will be acquired in an all-cash deal. More: - The company will pay an upfront amount of $38.5M, while another $39.6M may be paid as part of a compensation package.
- Kamba is an online sports betting company based in Malta. Company officials stated that this acquisition will enable Kamba to provide customers with a better mobile platform.
- The company has over 100 employees and has worked with companies such as Apple, Red Bull, Ikea, etc.
- Shape Games was founded in Copenhagen, Denmark.
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MicroTransponder has raised a $73M Series E funding round. The health tech startup is based in Austin, Texas. More: - The round was led by US Venture Partners, GPG Ventures, and Exceller Hunt Ventures, with participation from Osage University Partners, Action Potential Venture Capital, and The Vertical Group.
- The company aims to use the funds to boost the development of its VNS System, which uses vagus nerve stimulation during rehabilitation therapy to improve upper limb function for stroke survivors. The company expects the product to gain FDA approval.
- MicroTransponder currently has 85 patent-approved and patent-pending inventions.
- The company believes that through its medical devices, people with neurological disorders will be able to improve their ability to carry out daily tasks.
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Health tech startup Ceribell has raised a $50M Series C extension funding round. The company offers a product that diagnoses patients with seizures. More: - The Series C extension round was led by Ally Bridge Group.
- The company uses Machine learning to train its product and predict when patients will have their next seizures. The product is able to show the results of its brain assessment test within minutes.
- Ceribell recently received the Breakthrough Device Designation for its delirium indication from the United States Food and Drug Administration.
- Ceribell is based in Sunnyvale, California.
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Today's funding 💵 Web3/Blockchain - Messari (New York City), provides crypto market intelligence software and services: $35M B led by Brevan Howard Digital with participation from Morgan Creek Digital, Samsung Next, FTX Ventures, Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.
SaaS - Knoetic (New York City), a people analysis platform built for Chief People Officers and HR departments: $36M B led by EQT Ventures with participation from Menlo Ventures.
- The Muse (New York), offers a job searching and career-advice platform: $8M growth led by MBM Capital.
- RKVST (U.K.), provides a platform to improve efficiency in the digital supply chain operations industry: $7.5M A led by Ridgeline, Acadia Woods, Cyber Mentor Fund, and Long Run Capital.
- BoardClic (Stockholm), provides a SaaS board evaluation platform: $1.2M growth led by Subvenio, Curitas Ventures, and Brofund Equity.
- Cello (Munich), a startup that helps companies grow through word of mouth: $2.3M Pre-Seed led by byFounders VC, with participation from Tiny VC, Possible Ventures, and Notion Capital.
Artificial Intelligence - Superb AI (California), provides a data training platform that can be used to build AI software: $16M B led by Korea Development Bank and Premier Partners, with participation from Duke University, KT Investment, and Halla Group.
- Voxel51 (Michigan), has built a data-centric machine learning software that businesses can utilize for data processing: $12.5M A led by Drive Capital, Top Harvest Capital, and Shasta Ventures.
Fintech - Noble (Israel), enables companies to build credit-based products and manage the process entirely on their own through a no-code tool: $18M A led by Insight Partners with participation from Cross River Digital Ventures, Y-Combinator, Flexport Fund, TLV Partners, Operator Partners, Verissimo Ventures, Interplay Ventures, Plug and Play, and the George Kaiser Family Foundation.
Robotics - Civ Robotics (California), an unmanned monitoring product used in infrastructure projects: $5M Seed led by ff Venture Capital and Alley Robotics Ventures, with participation from Trimble Ventures.
Travel - Monos (Vancouver), a lifestyle brand that offers items such as suitcases, bags, and accessories online: $30M B led by venn growth partners with participation from Strand Equity and Michele Romanow.
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Quick Hits: - 97% of companies are pursuing a multicloud strategy. Here are six steps for a successful cloud migration experience.*
- Future, a Silver Spring, Maryland-based company that aims to accelerate the shift to a low-carbon economy by providing financial incentives and rewards, raised a $5.3M Seed round led by Confederate with participation from Energetic Impression Investments, Techstars Ventures, and City Impression Ventures.
- AICrete, a platform that uses local materials for cleaner and more cost-efficient concrete, raised a $4M Seed funding round.
- bitsensing (South Korea), which offers a 4D imaging radar solution that can be used to connect future cities, raised a $10M Series A led by AF WPartners, with participation from ARGES Private Equity and Mando Corporation.
- Sintra, a San Francisco-based NFT investment app, has closed a $2M Seed round led by Lemniscap, with participation from FTX Ventures, Chorus One Ventures, CMCC Global, Big Brain Holdings, and Two Ape VC.
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- October 05 - AMA with Ram Bartov (Chief Accounting Officer at TripActions)* (Register Here)
- October 11 - AMA with Mike Malone (Smallstep)* (Register Here)
- October 12 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here)
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| | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. | | | 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 and 1972 Fords. | |
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