Parsers VC - Weekly Funding / Startup / VC news of October 22, 2024

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Most Popular Venture Capital News

1. Everstage's $30 Million Leap: A New Era for Sales Performance Management (Cited in 24 tech media)

In the bustling world of SaaS, Everstage has made waves. The Chennai and Delaware-based startup recently secured $30 million in a Series B funding round led by Eight Roads Ventures. This infusion of capital brings its total funding to $45 million. It’s a significant milestone for a company that only launched in 2020.
Everstage specializes in sales performance management software. Think of it as a compass for sales teams, guiding them through the fog of commission structures and performance metrics. With this latest funding, Everstage aims to sharpen its tools and expand its offerings. The goal? To enhance product capabilities and boost in-house professional services.

2. Telecom Titans Unite to Forge a New API Frontier (Cited in 17 tech media)

In a bold move, twelve of the world's leading telecom operators have banded together with Ericsson to create a joint venture aimed at revolutionizing the telecommunications landscape. This alliance is not just a handshake; it’s a seismic shift in how network resources are accessed and monetized. The new company is set to develop and monetize network Application Programming Interfaces (APIs), a market projected to reach a staggering $30 billion by 2030.
Imagine a world where telecom services are as easy to access as flipping a switch. This partnership aims to make that vision a reality. By leveraging network APIs, telecom operators can offer direct, dynamic, and scalable access to their resources. It’s like opening a floodgate of connectivity, allowing developers to tap into a vast reservoir of networking capabilities with just a single API call.

3. DTiQ's Bold Leap: A $145 Million Investment to Revolutionize Retail Analytics (Cited in 14 tech media)

In the fast-paced world of retail and hospitality, data is the new gold. DTiQ Technologies, a frontrunner in SaaS-based video analytics, has just struck a deal that could reshape its future. With a hefty $145 million growth investment from Bain Capital Credit, DTiQ is poised to accelerate its innovation and expand its reach. This funding isn't just a financial boost; it's a strategic move that signals a shift towards a more robust SaaS growth model.
DTiQ specializes in video-based business optimization solutions tailored for the restaurant, convenience store, and specialty retail sectors. Think of them as the eyes in the sky, turning video footage into actionable insights. Their clients include heavyweights like Subway, Dunkin', and Burger King. With this new capital, DTiQ aims to enhance its AI-powered analytics and broaden its product offerings. The goal? To provide operators with tools that tackle everyday challenges, from loss prevention to improving service speed.

4. The Remote Work Tug-of-War: A New Era of Office Dynamics (Cited in 14 tech media)

The landscape of work is shifting. The pandemic pushed remote work into the spotlight, but now, the pendulum is swinging back. Companies like Amazon and Apple are calling employees back to the office. Meanwhile, Spotify stands firm, advocating for flexibility. This clash of cultures reveals deeper truths about productivity, trust, and the future of work.
In 2020, remote work was a lifeline. It was a necessity, a temporary fix to an unprecedented crisis. Fast forward to 2024, and the world is a different place. The pandemic is largely behind us, yet the debate over remote work rages on. Some companies are eager to return to the old ways, while others, like Spotify, are embracing a new normal.

5. 20VC's Third Fund: A Bold Leap into the Future of Venture Capital (Cited in 12 tech media)

In the world of venture capital, success often hinges on timing and strategy. 20VC, a London-based investment firm led by Harry Stebbings, has struck gold with its latest fundraising effort. The firm recently announced the closing of its third fund, amassing a staggering $400 million. This is not just a number; it’s a statement. It signals confidence in a time when many firms are grappling with fundraising challenges.
The new fund is split into two segments: $125 million earmarked for Seed investments and $275 million for Series A funding. This structure is designed to support startups at critical stages of their growth. The scale of this fund is a remarkable 2.5 times larger than its predecessor, which raised $140 million in June 2021. This growth trajectory is a testament to 20VC’s evolving strategy and the increasing trust of its investors.

6. Amazon's Nuclear Leap: Powering the Future of AI (Cited in 11 tech media)

In a bold move, Amazon is stepping into the nuclear energy arena. The tech giant has partnered with Energy Northwest and X-Energy to harness the power of nuclear energy for its ambitious artificial intelligence (AI) projects. This partnership marks a significant shift in how major tech companies approach energy consumption, especially as they grapple with the soaring demands of AI.
The collaboration aims to generate a staggering 5 gigawatts (GW) of energy by 2039, with the first reactors expected to come online by 2030. Amazon's investment of $500 million in X-Energy underscores its commitment to this venture. X-Energy, a startup specializing in small modular reactors (SMRs), is set to play a crucial role in this energy transformation.

7. Dialpad's $300 Million Milestone: A New Era in AI-Powered Communications (Cited in 11 tech media)

Dialpad has crossed a significant threshold, surpassing $300 million in annual recurring revenue (ARR). This achievement is not just a number; it’s a testament to the company’s vision and innovation in the realm of AI-driven communications. Dialpad stands at the forefront of a revolution, reshaping how businesses interact with their customers.
The company’s journey began with a bold investment in artificial intelligence back in 2018. This foresight has paid off handsomely. Dialpad’s AI capabilities are not mere enhancements; they are the backbone of its service. The platform transcribes every customer conversation in real-time, providing immediate insights and guidance. This real-time feedback loop is like having a seasoned coach in your ear during every call, ensuring that sales and support teams are always at their best.

8. Hometree's £50M Boost: A Green Revolution for UK Homes (Cited in 10 tech media)

Hometree is on a mission. The London-based residential energy services company has secured a £50 million mezzanine financing package from CPP Investments. This funding is not just a number; it’s a lifeline for homeowners seeking greener alternatives. With this capital, Hometree aims to install solar panels, batteries, and heat pumps in 35,000 homes across the UK.
The urgency for such initiatives is palpable. Energy prices are soaring. Ofgem’s recent announcement of a £149 increase in the energy price cap has left many households reeling. The need for renewable energy solutions has never been more pressing. Last year, over 180,000 solar panel installations took place in the UK. The momentum is building, but barriers remain.

Last week's funding rounds

149 funding rounds, +29% from last week.

Total raised $4.02 billion, -63% since last week

Funding rounds in United States

• 1s1 Energy Raises $1.4M Seed Round 

• Agrolend Raises $53M Series C Round 

• Agtonomy Raises $32.8M Series A Round 

• Azra Games Raises $42.7M Series A Round 

• Blue Stripes Cacao Raises $20M Series B Round 

• Case Status Raises $19.7M Series B Round 

• Clerk Chat Raises $7M Seed Round 

• CYRISMA Raises $7M Series A Round 

• Decagon Raises $100M 

• DeNexus Inc. Raises $17.5M 

• Document Crunch Raises $21.5M Series B Round 

• DTiQ Raises $145M from Bain Capital 

• Edgee Raises $2.89M 

• Eleanor Health Raises $30M Series D Round 

• Equilibrium Energy Raises $39M Series B Round 

• Everstage Raises $30M Series B Round from Eight Roads 

• Fortius Metals Inc Raises $2M Seed Round 

• Ghost Raises $40M Series C Round 

• Healthie Raises $23M Series B Round 

• Hello Cake Raises $18M Series B Round 

• Herald Raises $12M 

• Holobiome Raises $9M Seed Round 

• INSHUR Raises $19M 

• Kick Raises $9M 

• King Energy Raises $10M 

• Klasha Raises $2M 

• Legion Health Raises $6.3M 

• MDisrupt Raises $1M 

• MEDIC Raises $5M 

• MeWe Raises $6M Series B Round 

• MOLG Raises $5.5M Seed Round 

• Nada Raises $25M 

• Neuron7: AI Based Service Intelligence Raises $44M Series B Round 

• Oshi Health Raises $60M 

• Path Robotics Raises $100M Series D Round 

• Perry Weather Raises $15M Series B Round 

• Pony.ai Raises $105M 

• Rivermark Medical, Inc. Raises $30M Series C Round 

• Slice Raises $8.53M 

• Solubag USA Raises $4.5M Series A Round 

• Splitero Raises $300M 

• Sunbird Bio Raises $14M 

• Terray Therapeutics Raises $120M Series B Round 

• Treehouse Raises $16.6M Series A Round 

• Truthset.io Raises $5M Series A Round 

• upGrad North America Raises $60M from Temasek Holdings 

• Vouch Technologies Raises $2.5M 

• Wolfspeed, Inc. Raises $750M Grant Round 

• X-energy Raises $500M Series C Round 

• Xscape Photonics Inc Raises $44M Series A Round 

• Yellow Card Raises $33M Series C Round 

• Zap Energy Raises $130M Series D Round 

Funding rounds in United Kingdom

• Antiverse Raises $4.6M 

• autone Raises $17M from General Catalyst 

• Chats Raises $5M Seed Round 

• Diesta Raises $3.81M Seed Round 

• Fin Raises $7M Seed Round 

• Hometree Raises $65.08M from CPP Investments 

• Melius Cyber Raises $653.4K 

• Mindtech Global Raises $5.72M 

• Monument Therapeutics Raises $1.31M 

• Nuclera Raises $75M Series C Round 

• Shift Bioscience Raises $16.33M 

• Signify Research Ltd Raises $7.84M 

Funding rounds in India

• DSW | Data Science Wizards Raises $1.4M Seed Round 

• Navi Raises $24.5M from Goldman Sachs 

• Perceptyne Raises $3M 

• U GRO Capital Raises $40M from U.S. International Development Finance Corp 

• Purplle Raises $180M Series F Round 

Funding rounds in Israel

• Keep Raises $2.7M Pre-Seed Round 

• Lidwave Raises $10M 

• Monogoto Raises $27M 

• Port Raises $35M Series B Round 

Funding rounds in Canada

• Blockstream Raises $210M 

• EnviCore Raises $3.05M Seed Round 

• Heliene Raises $54M 

Funding rounds in Germany

• LEVY Health Raises $4.5M 

• OroraTech Raises $27.2M Series B Round 

• Vay Raises $36.94M 

Funding rounds in France

• Gladia Raises $16.09M 

• Mendo Raises $3.8M 

• Stoïk Raises $27.36M Series B Round 

More funding rounds in the article…

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