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Showing posts with the label Fundings amp; Exits

Datacoral raises $10M Series A for its data infrastructure service

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Datacoral aims to make it easier for enterprises to build data products by abstracting away all of the complex infrastructure to organize and process data. The company today announced that it has raised a $10 million Series A financing round led by Madrona Venture Group, with participation from Social Captial, which also led its $4 million seed round in 2017. Datacoral CEO Raghu Murthy tells me that the company plans to use the new funding to grow its business team in order to be able to reach more potential customers and to expand its engineering team as well. The promise of Datacoral is to offer enterprises an end-to-end data infrastructure that will allow businesses and their data scientists to focus on generating insights over having to manage and integrate their data sources. Since nobody wants to move large amounts of data between clouds — and take the performance hit that comes with that — Datacoral sits right inside a company’s AWS systems. It’s still a fully managed service, ...

Bonobo AI raises $4.5M seed round to help companies turn interactions with customers into valuable data

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Bonobo AI , an AI-based platform that helps companies get insights from customer support calls, texts, and other interactions, announced today that it has raised $4.5 million in seed funding led by G20 Ventures and Capri Ventures. Founded in 2016 and led by co-founder and CEO Efrat Rapoport, the Tel Aviv-based startup claims that its technology has been used to analyze more than a billion interactions so far and that it has signed up a “few dozen” clients including DreamCloud and Honeybook. The idea behind Bonobo is that even though customer service texts and voice calls can provide companies with a trove of valuable information, these data points are difficult to aggregate and analyze at scale. Bonobo’s technology integrates into the platforms that its clients use to communicate with customers, like Gmail, Zendesk, or Twilio) and CRM platforms like Salesforce or Hubspot. Then it analyzes interactions for “events of interest in calls,” Rapoport told TechCrunch, like “when customers ask...

Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

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Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at over $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million) , Microsoft (undisclosed) and travel firm Booking ($200 million) as strategic backers announced over the past month. The round also includes Toyota, which invested $1 billion in its largest ride-hailing deal to date , and institutional investors OppenheimerFunds, Ping An Capital, Mirae Asset-Naver Asia Growth Fund, Lightspeed Venture Partners and Macquarie Capital. In the case of Kasikorn, Grab is working with the bank to roll out its GrabPay payment service in Thailand, a country with over 60 million people, as it begins to truly take steps to become a fintech player, in addition to ride-hailing. (Left to right) Reuben Lai, senior MD of Grab Financial, and Kasikorn...

RealtimeBoard, a visual collaboration platform for companies, raises $25M led by Accel

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RealtimeBoard , a visual collaboration tool particularly suited to distributed teams, has picked up $25 million in Series A funding. Accel led the round, with participation from existing investor AltaIR Capital. The 150 person-strong company — which itself is distributed across offices in San Francisco, Los Angeles, Amsterdam, and Perm — says it will use the additional capital to continue to scale, including building out its customer acquisition capabilities by bolstering sales and marketing teams, and growing its user community. To that end, RealtimeBoard counts the likes of Hubspot, Skyscanner, Qlik, Autodesk, Netflix, and Twitter as customers, and claims 2 million users worldwide. The startup generates revenue by charging for use of its SaaS on a per seat basis for teams or company wide. “As companies continue to compete for talent, and how we work rapidly changes, connecting the dots between teams in different offices, hubs or cultures becomes harder and harder,” says RealtimeBoar...

Zopa, the U.K. P2P lending company, closes £60M round on path to launching a bank

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Obtaining a banking license and then launching an actual new retail bank requires capital. A lot of capital. Enter Zopa , the U.K. peer-to-peer lending company that wants to become a bank, which today is announcing that it has closed £60 million in further funding. Only £16 million is actually new new money, having already disclosed £44 million in August, so this is effectively an extension of that earlier fund-raise. To purpose remains the same, however: Zopa says it will use the latest round of investment towards the capital needs for its yet-to-launch “next generation bank”. The company began applying for a bank license with the U.K. regulators in 2016. The new funding also comes off the back of what the fintech claims is its sustainable and profitable peer-to-peer business, having achieved full year profitability in 2017 for the first time since 2012. An early mover in the space — launching all the way back in 2005 — Zopa says it has served nearly half a million customers, eithe...