North America

Standard Cognition procures $40 mln Series A

San Francisco-based Standard Cognition, a provider of AI-powered autonomous checkout solutions for brick and mortar retailers, has raised $40 million in Series A funding. Initialized Capital led the round with participation from other investors that included CRV, Y Combinator and Draper Associates.

Apex.ai nabs $15.5 mln Series A

Apex.ai, which is building an operating system for self-driving vehicles, has raised $15.5 million in Series A funding, according to a blog post. Canaan led the round with participation from seed backer Lightspeed.

OMERS-backed Purpose Financial leads Series A round for d1g1t Inc

Toronto-based d1g1t Inc, an enterprise financial technology company serving the wealth management industry, has raised over C$9 million in Series A funding. Purpose Financial, which is backed by OMERS, led the round. Other investors that participated in the round included Extreme Venture Partners and Portag3.

TCV promotes Ansari to GP

TCV has promoted Nari Ansari to general partner, according to an announcement by the Menlo Park, California-based growth equity firm. Ansari joined TCV in 2006 and currently serves on the board of directors at HireVue, OneSource Virtual and Watermark.

You.i TV raises $30.4 mln in Causeway Media-led growth round

You.i TV, an Ottawa-based software provider focused on cross-platform app development, has raised $30.4 million (US$23 million) in growth financing. U.S. venture capital firm Causeway Media Partners led the deal. Existing backers WarnerMedia, Kayne Anderson Capital Advisors and Vistara Capital Partners also invested. Causeway Partner Bob Higgins has joined the board. You.i TV, founded in 2008 by CEO Jason Flick and CTO Stuart Russell, provides TV and media companies with a multi-screen video app platform that helps engage users and create customers. The funds raised will support expansion of You.i TV’s global footprint and developer community.

Cancer screening startup Ezra picks up $4 mln seed

New York City-based Ezra, a cancer screening startup, has secured $4 million in seed funding. Accomplice led the round with participation from other investors that included Founders Future, Credo Ventures, Seedcamp and Esther Dyson.

Logojoy scores Series A funding in Real Ventures-led round

Logojoy, an AI-powered design platform that helps entrepreneurs create professional-quality logos, has raised a C$6 million in Series A funding. Real Ventures, a Canadian venture firm, led the round with participation from Flybridge Capital. The capital infusion will be used by Logojoy to expand its team of data scientists and developers.

Bunch attracts $3.8 mln seed

Bunch, a group video chat application designed for live mobile games, has closed $3.8 million in seed funding. London Venture Partners led the round with participation from other investors that included Founders Fund, Betaworks, Northzone, Streamlined Ventures and 500 Startups.

VC-backed Reduxio adds Yamin to board

Palo Alto, California and Tel Aviv-based Reduxio, a hybrid storage company, has named Danny Yamin to its board of directors. Yamin was recently Microsoft's vice president, enterprise business, Greater China. Reduxio is backed by C5 Capital Cloud Partners, Jerusalem Venture Partners, Viola Ventures, Intel Capital and Seagate Technology PLC.

Shyft Technologies snags $6.5 mln Series A

Seattle-based Shyft Technologies, a developer of apps for coworkers and teams, has raised $6.5 million in Series A funding. Ignition Partners and Madrona Venture Group led the round. In addition to the funding, Bob Kelly, managing partner of Ignition Partners, and S. Somasegar, managing director of Madrona Venture Group, will join Shyft’s board of directors.