Petuum Inc, a developer of an artificial intelligence and machine learning solution development platform, has secured $15 million in Series A funding. Advantech Capital led the round with participation from Tencent, Northern Light Venture Capital and Oriza Ventures.
1 min read · 17 November 2016
MapR Technologies, a converged data platform provider, has appointed Jim Kowalski as chief revenue officer. Previously, Kowalski worked at Marketo and has held several senior leadership roles at Oracle. MapR's backers include Future Fund, Google Capital, Lightspeed Venture Partners, Mayfield Fund, NEA, Qualcomm Ventures and Redpoint Ventures.
2 min read · 17 November 2016
Toronto-based diagnostic startup ChipCare is seeking to raise $18.8 million in Series B funding. Biotech Alliances International is leading the round.
1 min read · 17 November 2016
Particle, an internet of things platform, has raised $10.4 million in funding. Root Ventures, O’Reilly Alpha Tech Ventures and Rincon Venture Partners led the round.
3 min read · 17 November 2016
New York City-based T-Rex Group, a financial services tech company, has raised $10 million in Series B funding. Safeguard Scientifics led the round with participation from return backer Ecosystem Integrity Fund. In addition to the funding, Tina Aufiero, managing director at Safeguard, has been added to T-Rex's board of directors.
4 min read · 17 November 2016
Finnish messaging app Jongla has raised 5 million euros in Series B funding. The investors included Arto Boman, Henry Sjöman, Matti Kallio, Gustav Nyberg, Kristian Pentti, Circlion Capital Oy, Kontino Invest Oy, Takoa Invest Oy, Ingman Finance Oy and JSH Capital Oy.
3 min read · 17 November 2016
Berlin-based Searchlink, which solves handwritten text recognition with machine learning, has secured 4.2 million euros in seed funding. The investors included IBB Berlin.
3 min read · 17 November 2016
Durham, North Carolina-based Phononic, a provider of thermal management solutions, has raised $71 million with an additional $40 million in funding from UBS' wealth management businesses. . The investors included GGV Capital, Lookout Capital, Eastwood Capital Corp, Venrock, Oak Investment Partners, Tsing Capital, Huaneng Invesco WLRoss, Wellcome Trust and Rex Healthcare Ventures.
1 min read · 16 November 2016
Montana-based Orbital Shift, a software company for small businesses, has closed $1.25 million in funding. Next Frontier Capital led the round. Concurrent with the funding, Will Price of Next Frontier Capital has been added to Orbital Shift's board of directors.
1 min read · 16 November 2016
Swedish machine learning platform Now Interact has raised $5 million in Series A funding. SEB Venture Capital and Inventure led the round with participation from Industrifonden.
1 min read · 16 November 2016
