Millennium Technology Value Partners

Bozeman, Montana-based Blackmore Sensors and Analytics Inc, a developer of frequency-modulated continuous-wave lidar, has raised $3.5 million in Series A funding. Next Frontier Capital and Millennium Technology Value Partners led the round.

Palo Alto, California-based Jumio, a digital ID verification company, has raised $15 million in financing from Centana Growth Partners LP and Millennium Technology Value Partners.

PrecisionHawk Inc, a provider of aerial data and safety technology for drones, has secured about $22.7 million (US$18 million) in follow-on financing. The company, which is based in Raleigh, North Carolina and Toronto, was backed in the round by new investors Verizon Ventures, a subsidiary of USAA, NTT Docomo Ventures and Yamaha Motor, as well as existing investors Intel Capital, Millennium Technology Value Partners and Innovate Indiana Fund. Founded in 2011, PrecisionHawk said it will use the new investment's proceeds to continue product innovation and global expansion.

Raleigh, N.C.-based PrecisionHawk, which provides aerial data and safety platforms for drones, has raised $18 million in a Series C round of fund from new investors Verizon Ventures, a USAA subsidiary, NTT Docomo Ventures and Yamaha Motor. Existing investors Intel Capital, Millennium Technology Value Partners and Indiana University’s Innovate Indiana Fund also participated in the round. PrecisionHawk told PE Hub that another "Fortune 500" investor in the Series C round will be announced soon. The company, which was founded in 2010 and is seeing a growth of commercial uses of drones nationwide, has now raised $30 million in total funding.

Chef said Wednesday it closed a $40 million Series E funding round led by DFJ Growth and included Millennium Technology Value Partners. Existing investors Battery Ventures, Citi Ventures, DFJ, Ignition Partners, and ScaleVP took part while Hewlett Packard Ventures also joined the round with a strategic investment. Seattle-based Chef provides automation for IT infrastructure.

Destination club Inspirato said Wednesday that it has closed $20 million in funding. The investors were W Capital Partners, Institutional Venture Partners and Millennium Technology Value Partners.

Destination club Inspirato has secured $20 million in growth financing from new investor W Capital Partners and existing investors Institutional Venture Partners and Millennium Technology Value Partners. To date, Inspirato has raised approximately $70 million in equity financing.

PrecisionHawk has raised about $10 million in Series B funding. Millennium Technology Value Partners led the round. Based in Indianapolis, Raleigh, NC and Toronto, PrecisionHawk is an unmanned aerial systems and remote sensing firm.

Mendel, a clinical AI platform, has raised $18 million in Series A funding.

In connection with the transaction, Great Hill Partners' Nick Cayer and Matt Vettel will join Centana Growth Partners and Millennium Technology Value Partners on Jumio’s board of directors.

Vancouver, British Columbia-based Ziva Dynamics, a creator of character simulation software, has raised C$7 million in seed funding.

Raleigh, North Carolina-based PrecisionHawk Inc, a provider of drone technology for the enterprise, has named James Norrod as CEO.

Raleigh, North Carolina-based PrecisionHawk Inc, a provider of drone technology for the enterprise, has raised $32 million in funding.

May Mobility, an autonomous transportation-as-a-service provider, has raised $50 million in Series B funding.

MediaLab has agreed to acquire Kik Messenger, the app of Waterloo-based Kik Interactive, according to an announcement made by MediaLab. No financial terms were disclosed. Kik's backers include Foundation Capital, Millennium Technology Value Partners, RRE Ventures, Spark Capital, SV Angel, Tencent, Union Square Ventures and Valiant Capital Partners.

The Securities and Exchange Commission (SEC) has sued Kik Interactive Inc, alleging the Waterloo-based messaging app conducted an illegal US$100 million offering of digital tokens. In 2017, Kik said it would raise US$125 million /canada/2017/09/uncharted-territory-foundation-capitals-paul-holland-talks-kiks-ico/ by selling tokens called Kin. The SEC charges the offering and sale were not registered as required by U.S. securities laws. By failing to register, Kik “deprived investors of information to which they were legally entitled, and prevented investors from making informed investment decisions,” the SEC said. Kik has raised financing from Foundation Capital, Millennium Technology Value Partners, RRE Ventures, Spark Capital, SV Angel, Tencent, Union Square Ventures, Valiant Capital Partners and other investors.