Private Equity
Primal, a Waterloo artificial intelligence company focused on consumer and enterprise applications that augment human intelligence, has secured a $2.3 million loan from the Business Development Bank of Canada (BDC). Founded in 2004, Primal's augmented intelligence platform, which is backed by 148 patents, makes use of semantic synthesis and knowledge representation to understand text similar to how the human brain processes and represents information. The company will use the loan's proceeds to commercialize new applications, pursue partnerships, sign licensing deals, and invest in sales and marketing.
3 min read · 17 May 2018
Motorleaf, a Montréal-based artificial intelligence platform for indoor growers, has raised about $3.65 million (US$2.85 million) in seed-stage financing. U.S. agriculture and food technology investor Radicle Growth led the round. It was joined by Desjardins Capital, Real Ventures, Fluxunit, BDC Capital and 500 Startups Canada. Founded three years ago by CEO Alastair Monk and CTO Ramen Dutta, Motorleaf's platform lends monitoring and predictive capabilities to operators of greenhouses, indoor farms and growth chambers, helping them improve crop yields and profits. The company will use the funds raised to further develop its agronomic solutions.
3 min read · 17 May 2018
Santa Clara, California-based Arevo, which provides 3D printing technology and services, announced it has raised $12.5 million in Series B funding. Asahi Glass led the round with Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures. The company, founded in 2013, has now raised $19.5 million to date. The funding comes as Jim Miller, a former executive with Google and Amazon, is named company CEO.
4 min read · 17 May 2018
Arbor Ventures has raised $178.6 million toward a $220 million second venture fund, according to a filing with the SEC.
1 min read · 16 May 2018
Boston-based InsightSquared, a provider of revenue intelligence solutions for growing businesses, has secured $23 million in Series D funding. Tola Capital led the round with participation from Accomplice, Draper Fisher Jurvetson, Two Sigma and NextView. In conjunction with the funding, Aaron Fleishman, a principal at Tola Capital, will join InsightSquared's board of directors.
1 min read · 16 May 2018
Bain Capital Ventures said it named Sarah Smith as a partner. Smith will focus on early-stage investments across business and consumer technologies and marketplaces. Smith was most recently an investor at Graph Ventures and has served in executive roles at Facebook and Quora.
3 min read · 16 May 2018
Next 10 Ventures said it has raised $50 million of financing. Its fund will focus on content creators and the firm is founded by Benjamin Grubbs, formerly global director of top creator partnerships at YouTube.
2 min read · 16 May 2018
Mynd said it raised $20 million of Series B capital in a round led by Lightspeed Ventures and joined by existing investors Canaan Partners and Jackson Square Ventures. The company has now raised $36 million.
2 min read · 16 May 2018
Provo, Utah-based Tracking First, an enterprise data governance platform, has raised $4 million in funding. Silverton Partners led the round with participation from Kickstart Seed Fund.
1 min read · 16 May 2018
California-based Metawave Corp, a wireless tech company, has secured $10 million in funding. Denso led the round with participation from other investors that included Toyota AI Ventures, Hyundai Motor Company, Asahi Glass, Motus Ventures, Khosla Ventures, Autotech Ventures, Bold Capital, SAIC Capital, Western Technology Investment and Alrai Capital.
1 min read · 16 May 2018
