Parsers VC - Weekly Funding / Startup / VC news of October 29, 2024

Venture Capital News. Funding rounds, statistics Week of October 22 - October 28: United States (45 - $7.4B), United Kingdom (8 - $474M), India (6 - $531M)

October 29, 2024

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1. The AI Revolution: Navigating the New Frontier of Data Management and Ethics (Cited in 18 tech media)

In the ever-evolving landscape of technology, artificial intelligence (AI) stands as a beacon of innovation. It promises efficiency, accuracy, and transformative capabilities across industries. Yet, as businesses rush to adopt AI, they face a dual-edged sword: the potential for groundbreaking advancements and the looming specter of ethical dilemmas.
Ataccama, a leader in AI-powered data management, recently unveiled Ataccama ONE v15.3. This update is a game-changer for data-intensive sectors like finance and manufacturing. It addresses data quality challenges with speed and precision. The platform empowers data teams to harness their data effectively, enhancing security and compliance. With features like AI-generated test data and automated data hiding, Ataccama is paving the way for organizations to manage sensitive information confidently.

2. The Rise and Fall of Scroll's SCR Token: A New Chapter in Crypto Governance (Cited in 17 tech media)

In the ever-shifting landscape of cryptocurrency, the launch of Scroll's SCR token is a significant event. It’s a tale of ambition, community, and volatility. Scroll, a leading zero-knowledge rollup for Ethereum, introduced its native governance token on October 22, 2024. The initial market cap was a staggering $212 million, but the journey has been anything but smooth.
SCR debuted at $1.40. Investors were hopeful. But within hours, the price plummeted to $1.10. This 20% drop was a cold splash of reality. The crypto market is notorious for its wild swings, and SCR's debut was no exception.

In the bustling world of technology, two stories emerge that highlight the transformative power of artificial intelligence (AI) and the relentless pursuit of innovation. Globality, a company based in Palo Alto, California, has recently secured $47 million in Series D-1 and D-2 funding. This investment, led by Rollins Capital, brings the total capital raised by Globality to an impressive $356 million. The company specializes in AI-driven sourcing and procurement, aiming to revolutionize how enterprises manage their spending.
Globality's mission is clear: to empower businesses to spend smarter. By leveraging domain-specific data and adaptive machine learning models, Globality enables companies to achieve significant cost reductions—between 10% and 20%—while enhancing operational efficiencies by up to 90%. This is not just about saving money; it’s about reshaping the procurement landscape. With a roster of Fortune 500 clients, including Fidelity, Santander, and Hewlett Packard, Globality is poised to redefine business outcomes through intelligent spending.

In the fast-paced world of technology, innovation is the lifeblood of progress. Recent advancements in augmented reality (AR), automation, and data management are reshaping how we work and communicate. Companies are racing to develop tools that enhance productivity and streamline workflows. Let’s dive into the latest offerings that promise to redefine our work environments.
First up, we have Meta’s new AR glasses, the Orion. Imagine a window to a digital world, right in front of your eyes. These glasses, a decade in the making, boast a 70-degree field of view. They’re not just for show; they’re equipped with tiny cameras and sensors that track your movements. This technology allows users to interact with their physical surroundings while receiving real-time information. It’s like having a personal assistant that understands your environment.

In the labyrinth of healthcare, paperwork often feels like a mountain. Each referral, each document, adds to the towering pile. Patients wait. Doctors fret. Insurance claims hang in limbo. Enter Tennr, a healthcare technology company that just secured $37 million in Series B funding. This investment, led by Lightspeed Ventures and joined by Andreessen Horowitz and Foundation Capital, brings Tennr’s total funding to over $61 million. With this cash infusion, Tennr aims to revolutionize the referral process and streamline the often chaotic world of healthcare documentation.
Tennr’s platform is like a well-oiled machine, designed to automate the entire referral process. From the moment a document arrives to when a patient is cleared with insurance, Tennr’s technology works tirelessly in the background. It’s not just about speed; it’s about accuracy. The healthcare system is notorious for its inefficiencies. Long wait times for referrals and high rates of claim denials plague providers. Tennr’s AI-powered platform addresses these issues head-on.

6. Neysa: The Rising Star in AI Cloud Solutions (Cited in 11 tech media)

In the bustling landscape of technology startups, Neysa emerges as a beacon of innovation. Founded in January 2023 by Sharad Sanghi and Anindya Das, this Mumbai-based AI cloud startup has recently secured $30 million in Series A funding. The financial backing comes from notable investors, including NTTVC, Z47, and Nexus Venture Partners. This infusion of capital is not just a number; it’s a testament to Neysa’s potential to reshape the AI cloud sector.
Neysa’s mission is clear: democratize access to generative AI solutions. In a world where AI is often seen as a luxury, Neysa aims to make it accessible to all. The startup's flagship platform, Neysa Velocis, launched in July 2024, allows businesses to tap into high-performance computing infrastructure on demand. It’s like having a powerful engine at your fingertips, ready to drive innovation.

In the bustling landscape of Gurugram's real estate market, a significant investment has emerged, signaling growth and ambition. Kotak Real Estate Fund, a key player in India's alternative asset management scene, has poured INR 1,200 crore into Elan Group, a developer with its roots firmly planted in the region. This investment is not just a financial transaction; it’s a strategic partnership aimed at reshaping the skyline of Gurugram.
Kotak Alts, the private equity arm of Kotak Alternate Asset Managers, has been a steadfast supporter of real estate ventures since its inception. With this latest infusion, the fund continues its trend of backing promising developers. Elan Group, led by Rakesh Kapoor, is poised to leverage this capital to expand its portfolio of luxury residential and commercial projects.

In the fast-paced world of fintech, agility is key. Tide, a London-based business financial platform, has made a significant move by acquiring Onfolk, a payroll solution tailored for small and medium enterprises (SMEs). This acquisition, announced on October 22, 2024, is more than just a business transaction; it’s a strategic wave aimed at strengthening Tide’s offerings for its growing customer base.
Tide has positioned itself as a lifeline for SMEs, providing essential financial services that streamline operations. With this acquisition, Tide is not just adding a feature; it’s integrating a comprehensive payroll solution into its app. This integration transforms Onfolk into Tide Payroll, enhancing the platform’s ability to serve its 650,000 UK customers and beyond.

Last week's funding rounds

138 funding rounds, -7% from last week.

Number of funding rounds in the last quarter - October 28, 2024 by Parsers VC

Total raised $11.13 billion, +176% since last week

Total raised $, bln - October 28, 2024 by Parsers VC

Funding rounds in United States

  • Adden Energy Raises $15M Series A Round 

  • Be Biopharma Raises $82M 

  • Carbon Ridge Raises $9.5M 

  • Carbon Robotics Raises $70M Series D Round 

  • DailyPay Raises $100M from CITI VENTURES 

  • Dyania Health Raises $10M Series A Round 

  • FiberSense Raises $14M 

  • Finix Raises $75M 

  • First Bank NJ Raises $8.2M 

  • Fixify Raises $25M Series A Round 

  • Globality, Inc. Raises $47M Series D Round 

  • Healthify Raises $20M from Khosla Ventures, Leapfrog Investments 

  • highnote Raises $2.5M 

  • Hue. Raises $4.5M 

  • Infinitus Raises $51.5M Series C Round 

  • Inspectify Raises $5.26M 

  • Issa Homes Raises $20K 

  • JohnnySlicks Raises $50K 

  • miracles Raises $3.25M 

  • MoneyStack Raises $250K Pre-Seed Round 

  • Nimble Raises $106M Series C Round 

  • Nooks Raises $43M Series B Round 

  • Obligo Raises $35M 

  • Oloid Raises $6M 

  • OncoLens Raises $16M Series B Round 

  • Optiwise.ai Raises $2.4M Seed Round 

  • OrthoLazer Raises $7M Series A Round 

  • Osigu Raises $25M Series B Round 

  • Outrider Raises $62M Series D Round 

  • PeopleOne Health Raises $32.3M Series B Round 

  • Qpoint Raises $4M Pre-Seed Round 

  • Reality Defender (YC W22) Raises $33M 

  • Redaptive Raises $100M 

  • Reflect Scientific Raises $225K 

  • Rollstack Raises $11M Series A Round 

  • SchooLinks Raises $80M Series B Round 

  • Seaport Therapeutics Raises $225M Series B Round 

  • Sensei Raises $16.22M 

  • Simbe Robotics Raises $50M Series C Round 

  • Socket Raises $40M 

  • Tennr Raises $37M 

  • Urbint Raises $35M 

  • Valon Mortgage Raises $100M Series C Round 

  • Waymo Raises $5.6B 

  • Zip Raises $190M Series D Round 

Funding rounds in United Kingdom

  • Alvara Protocol Raises $10M 

  • Epitopea Raises $31M Seed Round 

  • GENIE AI Raises $17.3M Series A Round 

  • LendInvest (LSE: LINV) Raises $388.67M from BNP Paribas, HSBC 

  • PropertyLoop Raises $403.8K 

  • Siloton Raises $1.12M Seed Round 

  • Smart Green Shipping Raises $1.3M 

  • Vortexa Raises $25M 

Funding rounds in India

  • Even Raises $30M Series A Round from Khosla Ventures 

  • Nazara Raises $26.17M 

  • Neysa Networks Raises $30M Series A Round 

  • The Muthoot Group Raises $400M 

  • udaan.com Raises $35.67M 

  • Zouk Raises $10M Series B Round from Aavishkaar Capital 

Follow new funding rounds every day on Twitter and Telegram

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