Munich, Germany-based industrial IoT company Konux announced it has raised $7.5 million in a Series A round of funding from New Enterprise Associates, VC MIG and individual investor Andy Bechtolsheim. Additional investors include UnternehmerTUM, Warren Weiss and Michael Baum, founding chief executive of Splunk. Konux is developing smart sensor systems for industrial companies and helps them reduce maintenance costs with artificial intelligence.
1 min read · 14 April 2016
Artificial intelligence (AI) company DigitalGenius, which has offices in New York and London, has raised $4.1 million in additional seed funding. The financing came from existing investors Lerer-Hippeau Ventures, Lowercase Capital, Metamorphic Ventures, RRE Ventures and new investors BloombergBeta, NovelTmT, Salesforce Ventures, Singularity Investments and Spider Capital. The company, which focuses on using AI to enhance customer service operations, has now raised $7.35 million in total funding.
3 min read · 14 April 2016
San Francisco-based Fuel Capital, an investor in Clearbit, Interana, Julep and Secret. among others, has raised $46.195 million for its second fund, according to a regulatory filing. The firm raised $25.5 million for its inaugural fund in 2013, according to Thomson Reuters.
1 min read · 13 April 2016
New York-based CareDox, a provider of a digital healthcare platform for K-12 schools, has raised $2.8 million in seed-stage funding led by TEXO Ventures and Prolog Ventures. The company also secured a $1.5 million venture debt agreement with Western Technology Investment. CareDox has now raised $6.9 million in total debt and equity.
3 min read · 13 April 2016
Mountain View, California-based Datera, which provides enterprise storage solutions, emerged from stealth and announced it has raised $40 million in funding from Khosla Ventures, Samsung Ventures and individual investors Andy Bechtolsheim and Pradeep Sindhu. The trio of Marc Fleischmann, Nicholas Bellinger and Claudio Fleiner, who previously created the Linux I/O storage stack, co-founded the company in 2013.
2 min read · 12 April 2016
Grishin Robotics, an investor in Double Robotics and other hardware and robotics companies, has raised a $100 million fund, which is four times larger than its first effort and includes institutional and individual LPs.
2 min read · 11 April 2016
Grishin Robotics, an investor in Double Robotics and other hardware and robotics companies, has raised a $100 million fund, as it expands into IoT and hardware
2 min read · 11 April 2016
San Mateo, California-based Draper Associates has raised $190 million for its latest seed-focused fund. The fund was targeted at $150 million, according to a regulatory filing at the end of last year.
1 min read · 11 April 2016
Dayton, Ohio-based Marxent, which provides virtual reality and augmented reality technology for retailers and manufacturers, has raised $10 million in a Series B round of funding from Detroit Venture Partners and Stage 1 Ventures. The funding brings the total invested capital in Marxent to $14 million.
3 min read · 11 April 2016
San Francisco-based Luka, which develops a mobile app that helps users with dinner reservations, news updates and more while in chat interface, has raised $4.42 million in Series A funding. Sherpa Capital led the round, which included Y Combinator (where the company was part of the winter 2015 class), Ludlow Ventures and Justin Waldron, co-founder of Zynga. As a result of the funding, Scott Stanford, co-founder of Sherpa Capital, joined the company’s board and Brian Pham, principal at Sherpa, was named a board observer.
4 min read · 08 April 2016
