California-based VC firm Workday Ventures has raised $250M to invest in AI, automation, and targeted markets. Workday Ventures is the investment arm of Workday Inc. More: - Workday Ventures takes an active investor approach, choosing to help companies in their decision-making process and participate in the most important milestones for the company.
- The firm usually invests in early-stage growth startups.
- Workday Ventures has invested in 43 companies so far. Some of its portfolio startups are:
- CaptivateIQ,
- Clari,
- eduME,
- Expent,
- FINLYNC, etc.
- Founded in 2018, the firm has $500M in assets under management.
- Workday, the firm's parent company, provides ERP apps for multiple Fortune 500 companies.
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InfluxData, used by companies like Tesla, Siemens, and Hulu, has raised an $81M Series E funding round to help businesses store and analyze data. The funding is structured in both equity and debt. More: - InfluxData offers InfluxDB, a database used for time series data by developers. Developers can use the company's open client libraries for the languages that a developer is writing code in.
- Princeville Capital and Citi Ventures led the equity portion of the funding round, with participation from Battery Ventures, Mayfield Fund, Sapphire Ventures, Trinity Ventures, Norwest Venture Partners, Sorenson Capital, and Harmony Partners.
- Silicon Valley Bank provided $30M in debt funding.
- InfluxData aims to use the funding to boost the development of its open-source project, InfluxDB IOx.
- Its platform is used by companies such as Tesla, Siemens, Hulu, IBM, Cisco, etc.
- The company is remote-first but is based in San Francisco.
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Garuda Therapeutics has raised a $62M Series B funding round to develop curative therapies for over 120 diseases, including hematological and oncological diseases. The company is based in Boston, Massachusetts. More: - Garuda Therapeutics is developing off-the-shelf hematopoietic stem cell therapies to treat hundreds of severe and life-threatening diseases.
- The company aims to eliminate the need for donor cells used in blood stem cell transplants.
- Northpond Ventures, OrbiMed Advisors, Cormorant Asset Management, and Aisling Capital led the funding round, with participation from Sectoral Asset Management.
- Since its inception in 2021, the company has raised $134M.
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Carbonplace has raised a $45M Seed round to enable easy ownership transfer between carbon credit sellers and buyers. UBS and BNP Paribas were some of the investors in this funding round. More: - Carbonplace offers a fintech platform that aims to revolutionize the process of buying and selling carbon credits by offering instantaneous ownership transferring and simultaneous settlement from both sides.
- The company aims to use this funding round to grow its team, expand to new markets, and improve its product.
- In addition to UBS and BNP Paribas, Standard Chartered, Ita Unibanco, National Australia Bank, NatWest Group, BBVA, and SMBC, also participated in the Seed funding round.
- The company is based in London.
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💵 Today's funding: Streaming/Media - Atmosphere (Texas), a streaming TV platform that targets businesses: $65M D led by Sageview Capital, Valor Equity Partners, and S3 Ventures.
SaaS - Ushur (California), a customer experience automation platform that is powered by artificial intelligence: $50M C led by Third Point Ventures with participation from Iron Pillar, 8VC, Aflac Ventures, and Pentland Ventures.
- Moderne, (Florida), automatically identifies and fixes code flaws: $15M A led by Intel Capital with participation from True Ventures, Mango Capital, and Allstate Strategic Ventures.
Manufacturing - Fabric8Labs (California), an electrochemical additive metal 3D printing company: $50M B led by New Enterprise Associates, with participation from Intel Capital, imec.XPAND, SE Ventures, TDK Ventures, and Lam Capital.
Biotech - Evonetix (U.K.), enables the assembly of DNA synthesis into long DNA in chip surfaces within days rather than weeks: $24M B led by Foresite Capital, with participation from Molten Ventures, Morningside, DCVC, Cambridge Consultants, Civilization Ventures, and Providence.
Food tech - Therma (California), has developed a cooling solution that helps avoid food and energy waste: $19M A led by Zero Infinity Partners, with participation from Deciens Capital, CityRock Venture Partners, Homecoming Capital, Ananta Capital, Kindergarten Ventures, Collaborative Fund, and Govtech Fund.
Software - flox (New York), provides a platform for testing and developing code in isolated environments: $16.5M A led by New Enterprise Associates.
Fintech - Car IQ (California), provides innovative vehicle payments solutions: $15M B led by Forte Ventures with participation from Visa, State Farm Ventures, Telus Ventures, Avanta Ventures, Bridgestone, Navistar, and Circle K.
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- California-based Space ID, a company that aims to build a universal Decentralized Identity Protocol, has raised $10M in a round led by Polychain Capital and dao5.
- Greycroft and UTA.VC led an $8M Seed round for Rembrand, a California-based provider of an AI platform that embeds photo-realistic products into digital videos.
- Lineaje, a company that helps companies keep their software supply chain secure, has raised a $7M Seed funding round led by Tenable Ventures, with participation from Dreamit Ventures, Veear Capital, and Richard Clarke’s Belltower Fund Group.
- Financial advice platform Asset-Map has raised $6M in a Series B funding round. The company is based in Philadelphia.
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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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