Former Google employee Charlie Lee is the creator of Litecoin ($LTC). It is a P2P that enables rapid, nearly cost-free payments all over the world. Since the platform is open source and decentralized, there are no middlemen. A split of Bitcoin, $LTC has some peculiarities. Lee wanted to build a network like that, but with…
Papaya Global, an Israeli labour management platform with headquarters in Tel Aviv, raised $100 million in Series C funding, valuing the business at over $1 billion. Papaya’s $40 million Series B round, announced less than six months ago, was followed by the fresh investment. With the addition of the latest round of funding, which boosted…
A $50 million Series C fundraising round was completed by Seeq Corporation, a maker of manufacturing and Industrial Internet of Things (IIoT) advanced analytics software. It was led by Insight Partners with participation from current investors Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners, bringing the total capital…
Grip, a platform for market participation based in London, United Kingdom, raised $13M in Series A funding. Kennet Partners led the round, which increased the total amount raised to $14.5m. The company plans to utilise the money to broaden its digital product and geographic reach. Grip, a 2016 startup founded by CEO Tim Groot, offers…
Cynet, a supplier of an autonomous XDR platform situated in Boston, Massachusetts, closed a $40 million Series C fundraising. Leading the round were Greenfield Partners, with participation from prior investors Deutsche Telekom, Norwest Venture Partners, Vintage Investment Partners, and BlueRed Partners. The company plans to use the money to increase its market share in North…
AssemblyAI SF based audio intelligence API developer AssemblyAI earned $30M in Series B funding. Insight Partners served as the round’s lead investor, and existing investors from Accel and Y Combinator also took part. The funds will be used by the firm to expand its AI research team, which currently consists of researchers from DeepMind, Google…
A $25 million investment round was completed by MetaMagnet Ltd., the company in charge of running C2X, a global blockchain gaming network built on the Terra blockchain. FTX Ventures, Jump Crypto, Animoca Brands, Hashed, Terra, Transcend Fund, Galaxy Interactive, Skybound, Blockchain Coinvestors, DeFiance Capital, Play Ventures, Crypto.com, Infinity Ventures Crypto, Unanimous Capital, Bowei, Xsolla, Huobi…
A $45 million fundraising round was completed for Snapshift, a Paris, France-based HR platform for managing the deskless workforce. Along with prior backers Bpi France and UL Invest, Highland Europe led the round. Spain will be the company’s first overseas target market as it uses the capital to expand to all SMEs in the restaurant,…
The Boston, Massachusetts-based photonic computing company Lightmatter raised $80 million in Series B funding, bringing the total amount invested to far to $113 million. In addition to GV (previously Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and others, Viking Global Investors led the round. The company plans…
End-to-end global delivery management platform FarEye, situated in London, UK, secured $100 million in Series E funding. Eight Roads Ventures, Fundamentum, and Honeywell, who were already investors, also participated in the round, which was co-led by TCV and Dragoneer Investment Group FarEye 100m series. The company plans to use the capital to increase the capabilities…
