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| 1 | | Resilience has raised $100M to scale its cyber risk analysis platform. The round was led by Intact Insurance Specialty Solutions, with participation from General Catalyst and Founders Fund. More: - Resilience offers a digital platform that offers cyber insurance and helps companies assess their cyber risk.
- Its Cyber Action plan reduces the chance of exceeding coverage by 17%, according to the company.
- Its clients operate in the United States, United Kingdom, Canada, Ireland, Italy, Spain, and Scandinavia.
- Resilience aims to use this funding round to further scale the platform globally.
- The company is based in San Francisco.
Zoom Out: - By 2025, companies globally are estimated to spend $1.75T in cybersecurity services, but the cost of global cybercrime over the same period is expected to reach $10.5T.
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| 2 | | What the numbers say: The HR Tech market in North America is set to reach $39B in market value, up from $22B in 2022. What happened: OneModel, an organizational data talent firm, aims to capitalize on this trend as it has just raised $41M from Riverwood Capital. Its product helps companies identify departments that have skill shortages and can come up with projections that are based on demographic changes, financial calculations, and business goals. The company has so far raised $44.8M since being founded in 2014. Relevance: Due to the rise of remote and hybrid work, many companies need new tools to navigate the new job market. Innovative and effective Human Resources tools are likely to become highly sought-after. 
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| 3 | | Enterprise learning platform Disprz has raised a $30M Series C funding round. Companies such as Amazon, Thrasio, and Mint Dentistry have used the platform. More: - Disprz offers an online platform that helps companies onboard employees, as well as train them in compliance, product, leadership, etc.
- Besides Amazon, Thrasio, and Mint, the company claims that its platform has been used by over 350 clients globally.
- Lumos Capital and 360 ONE Asset led the round, with participation from Kae Capital, KOIS, and Dallas Venture Capital.
- Disprz aims to use the Series C funding to expand in India and Southeast Asia.
- The company is based in Mumbai, India.
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| 4 | | Intellum has raised a $25M funding round to scale its enterprise learning platform. Google, Meta, Amazon, Zoom, and Stripe are some of the company's clients. More: - Intellum's learning platform includes webinars, in-person instruction, product training, certifications, user conferences, etc.
- Guidepost Growth Equity led the round.
- This is the company's first major funding round since it was founded in 2000.
- The company is based in Atlanta, Georgia.
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| 5 | | PHX Ventures has raised $25M to invest in seed-stage B2B SaaS companies. The firm aims to cap the fund at $30M. More: - Founded in 2019, the firm's founder Gregg Scoresby claims that PHX Ventures is Arizona's first institutional-level seed-stage VC firm backed by the most successful software entrepreneurs in the state.
- The firm's investment size will range from $1M-$5M.
- PHX Ventures aims to invest mostly in the local startup community in Arizona.
- The firm is based in Phoenix, Arizona.
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| 6 | | Today's funding: AI - IVIX, a New York-based startup that aims to help governments detect tax fraud and financial crimes, has raised a $12.5M Series A round led by Insight Partners with participation from Team8, Citi Ventures, and Cardumen Capital.
- Satim, a startup that develops automatic object detection software, has raised $2M. Cultivation Capital led the round, with participation from Verissimo Ventures, The Flying Object, Everywhere Ventures, Hustle Fund, and StartupIst Ventures.
Cybersecurity - Tromzo, a California-based cybersecurity startup that provides application security management software, has raised $8M. Venture Guides led the round, with participation from Alumni Ventures and Uncorrelated Ventures.
Robotics - Skyline, a startup that develops a robotic system used to clean windows in skyscrapers, raised $6.3M in a round led by Skyline Standard Holdings.
Healthcare tech - Udenz, a Dubai-based comprehensive healthcare platform, has raised a $5M Series A round led by Hakeem Capital Holding, Techcelerate Investments, Inspira Management, and Dubai Business Corporation.
SaaS - Multiplayer, a company that provides a collaboration tool for distributed software teams, raised $3M from lead investor Bowery Capital, with participation from Okapi Venture Capital.
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| 7 | | Quick Hits: - Wiz partnered with Wiley to create the AWS Security Foundations Guide For Dummies. This free 46-page guide includes techniques for securing AWS resources.*
- Dimenco, a Netherlands-based startup that specializes in creating immersive spatial visual experiences through software and hardware, has been acquired by Leia for an undisclosed amount.
- Dubai-based cryptocurrency startup Bazaars has raised an undisclosed round at a $15M valuation.
- CoreMedia, a Germany-based CSM company, has acquired BySide and Smarkio, two Portugal-based SaaS companies. The amount remains undisclosed.
- Join over 5,000 fast-growing companies around the world that trust Vanta to manage risk and prove security in real time. Inside readers get $1,000 off.*
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Term of the Day Cash burn: Cash burn is defined as the amount of cash a company utilizes to meet its expenses in a specific period. Question of the Week Do you think the 9-to-5 workday still relevant in today's modern workplace? Join the conversation |
INSIDE VENTURE CAPITAL LEADERBOARD (30 DAYS) |
 | Writer | | 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. | | This newsletter was edited by Aaron Crutchfield | |
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