Parsers VC - Weekly Funding / Startup / VC news of November 19, 2024

Venture Capital News. Funding rounds, statistics Week of November 12 - November 18: United States (37 - $7.4B), United Kingdom (7 - $72M), India (5 - $111M), Germany (5 - $229M), Canada (5 - $4.1B), Switzerland (4 - $232M)

November 19, 2024

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In a world where creativity is both an art and a science, Workflow emerges as a beacon of innovation. This London-based startup has recently secured €2.8 million (approximately $3 million) in pre-seed funding, a testament to its potential in transforming the creative landscape. The funding round was led by Venrex, with notable contributions from 8VC and other seasoned investors.
Workflow is not just another productivity tool; it’s a lifeline for design, marketing, and product teams. Imagine a bustling creative studio. Designers are juggling multiple projects, marketers are racing against deadlines, and everyone is trying to maintain quality. Enter Workflow, a centralized hub that streamlines task management, organizes digital assets, and simplifies the review process. It’s like having a personal assistant who understands the nuances of creativity.

In the fast-paced world of technology, acquisitions often signal a shift. Snyk, a Boston-based company specializing in developer security, has made a bold move by acquiring Probely, a dynamic application security testing (DAST) provider from Porto, Portugal. This acquisition is more than just a business deal; it’s a strategic alignment of two companies with a shared vision.
Snyk has positioned itself as a leader in developer security, focusing on empowering developers to build secure applications. With over 2,500 customers, including giants like Google and Salesforce, Snyk has established a strong foothold in the market. The addition of Probely enhances Snyk’s capabilities, particularly in dynamic testing of APIs and applications. This is crucial in today’s digital landscape, where vulnerabilities can lead to significant risks.

In the world of technology, vulnerabilities are like cracks in a dam. They can lead to catastrophic failures if not addressed. Recently, two major players, Microsoft and D-Link, found themselves in the spotlight for very different reasons. Microsoft confirmed issues with OpenSSH after recent updates, while D-Link chose not to patch a critical vulnerability affecting numerous outdated NAS devices. Both situations highlight the delicate balance between security and corporate strategy.
Microsoft's troubles began with the installation of security updates KB5044380 and KB5044285 for Windows 11. Users reported that the OpenSSH service, essential for secure shell connections, failed to start. This glitch primarily affected enterprise and educational versions of Windows 11. Microsoft acknowledged the problem, stating that only a "limited number" of devices were impacted. However, the uncertainty loomed large. Were home users also at risk? The company was still investigating.

In the rapidly evolving world of artificial intelligence (AI), two companies are making waves: Motivair and Red Hat. Both are tackling the immense challenges posed by AI workloads, but they approach the problem from different angles. Motivair focuses on cooling solutions, while Red Hat enhances AI deployment platforms. Together, they represent the dual pillars of AI infrastructure: thermal management and software scalability.
Motivair Corporation is set to showcase its MI300X Dynamic Cold Plates at the SC 2024 conference in Atlanta. This event, a gathering of the brightest minds in high-performance computing, will spotlight the critical role of cooling in AI. The MI300X Cold Plates are not just any cooling solution; they are precision-engineered for the AMD MI300X Accelerator. This component is a powerhouse, driving AI and high-performance computing (HPC) workloads. As AI technology advances, so does the need for robust thermal management. Without it, performance falters, and reliability wanes.

Grab, the Southeast Asian tech giant, has made headlines by turning a significant corner in its financial journey. The company reported a profit of $15 million for the third quarter of 2024, a remarkable turnaround from a staggering loss of $99 million in the same period last year. This shift is not just a flicker of hope; it signals a robust recovery and a promising future for the company and its stakeholders.
The numbers tell a compelling story. Grab's revenue surged by 17% year-on-year, reaching $716 million in Q3. This growth outpaced analysts' expectations, who had predicted revenues of $696.6 million. The company's performance is akin to a phoenix rising from the ashes, fueled by strategic investments and a keen understanding of market dynamics.

In the fast-paced world of technology, developers often find themselves wrestling with complex infrastructure instead of focusing on what they do best: writing code. Northflank, a London-based startup, aims to change that narrative. With a fresh infusion of $22.3 million in funding, the company is poised to revolutionize how developers deploy and manage their applications in the cloud.
The funding round consists of a $16 million Series A led by Bain Capital Ventures and a $6.3 million seed round led by Vertex Ventures US. Additional support came from Kindred Ventures, Tapestry VC, Pebblebed, and Uncorrelated Ventures. This financial backing is not just a lifeline; it’s a launchpad for Northflank’s ambitious plans to streamline developer workflows.

In the fast-paced world of e-commerce, returns are the dark cloud hovering over retailers. They are inevitable, costly, and often a headache. Enter Optoro, a company that is turning this challenge into an opportunity. With its innovative solutions, Optoro is reshaping how retailers handle returns, making the process smoother for customers and more efficient for businesses.Founded in 2010, Optoro has steadily climbed the ranks of the tech world. Its mission? To simplify the returns process for retailers and consumers alike. The company’s software-as-a-service model is like a Swiss Army knife for online returns. It offers a suite of tools that help retailers manage their reverse logistics with ease.

In the fast-paced world of technology, few sectors are evolving as rapidly as legal services. Enter Robin AI, a London-based company that has just secured $25 million in funding. This investment is not just a financial boost; it’s a signal that the legal landscape is changing.
Robin AI specializes in legal artificial intelligence. Their flagship product, Robin Reports, can analyze thousands of legal documents in a heartbeat. It summarizes complex information and recommends actions. Think of it as a legal assistant on steroids. For businesses involved in mergers and acquisitions or facing data breaches, this tool is invaluable.

Last week's funding rounds

138 funding rounds, +60% from last week.

Number of funding rounds in the last quarter - November 18, 2024 by Parsers VC

Total raised $12.17 billion, +196% since last week

Total raised $, bln - November 18, 2024 by Parsers VC

Funding rounds in United States

  • Beta Bionics Raises $60M Series E Round 

  • Chaos Industries Raises $145M Series B Round 

  • Conduction Education Raises $265K Pre-Seed Round 

  • Copernic Catalysts Raises $8M Seed Round 

  • CoreCentric Solutions, Inc. Raises $5M 

  • Eaze Raises $10M Series B Round 

  • Ecolectro, Inc. Raises $10.5M Series A Round 

  • Ennoventure Inc. Raises $8.9M Series A Round 

  • Firefly Space Systems Raises $175M Series D Round 

  • Fleek Raises $20.4M 

  • Fortegra Raises $150M 

  • Homethrive, Inc Raises $20M 

  • hotglue Raises $4M Seed Round 

  • Impilo Raises $11.5M Series A Round 

  • Influur Raises $10M Series A Round 

  • Medeloop Raises $15.5M Series A Round 

  • Metsera Raises $215M Series B Round 

  • myBiometry Raises $5M Seed Round 

  • Notabene Raises $14.5M Series B Round 

  • NovoPayment Raises $20M from Morgan Stanley 

  • Plantible Foods Raises $30M Series B Round 

  • Prokeep Raises $25M Series A Round 

  • Radiant Raises $100M Series C Round 

  • Reflect Scientific Raises $150K 

  • Rivian Raises $5.8B 

  • Shiru Raises $16M Series B Round 

  • Snap! Spend Raises $23M 

  • Starfish Space Raises $29M 

  • Stepful Raises $31.5M Series B Round 

  • Sunthetics Raises $4M Seed Round 

  • SwiftConnect Raises $37M Series B Round 

  • TRexBio Raises $84M Series B Round 

  • Vecna Robotics Raises $14.5M 

  • Writer Raises $200M Series C Round at $1.9B Valuation 

  • Youth INC Raises $5M 

  • ZAP Surgical Systems, Inc. Raises $78M Series E Round 

  • Zengines Raises $9M 

Funding rounds in United Kingdom

  • Gendo AI Raises $5.48M Seed Round 

  • Naturbeads Raises $9.94M Series A Round 

  • Northflank Raises $22.3M 

  • Ooodles Raises $2.7M 

  • Qminder Raises $3.19M Seed Round 

  • Robin AI Raises $25M 

  • Salesfire Raises $3.51M 

Funding rounds in India

  • Sarvagram Fincare Raises $67M Series D Round from TVS Capital Funds, Elevation Capital 

  • The ePlane Company Raises $14M Series B Round 

  • Ugaoo Raises $5.57M Series A Round 

  • Vecmocon Technologies Raises $10M Series A Round 

  • Wheelocity Raises $15M 

Funding rounds in Germany

  • Klim Raises $22M Series A Round 

  • KUGU Raises $9.11M Series A Round 

  • The Exploration Company Raises $160M Series B Round 

  • Tourlane Raises $26.56M 

  • tozero Raises $11.79M Seed Round 

Funding rounds in Canada

  • FMI, a Spirit AeroSystems Co. Raises $350M 

  • InVintory Raises $2.3M Seed Round 

  • Neo Financial Raises $360M Series D Round 

  • Trolley Raises $23M Series B Round 

  • VinFast Vietnam Raises $3.4B 

Funding rounds in Switzerland

  • Alentis Therapeutics AG Raises $181.4M Series D Round from Jeito Capital 

  • Aurealis Therapeutics Raises $9.07M 

  • LocalStack Raises $25M Series A Round 

  • Wyden Raises $16.9M 

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