Category Archives: funding daily

Rescale raises $50M more to meet demand for high-performance compute

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Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more San Francisco, California-based Rescale, a startup developing compute infrastructure for scientific research simulations, today announce that it raised $105 million in an expanded series C that included Jeff […]

Next-gen business forecasting platform Pigment nabs $73M

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Pigment, a next-gen business forecasting platform that’s setting out to “reboot the spreadsheet,” has raised $73 million in a series B round of funding led by Greenoaks. Any business seeking to harness and unlock big data insights to make better decisions has no shortage of tools at its disposal. But two-year-old French startup Pigment is […]

API gateway and service mesh company Solo.io raises $135M

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The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! Let the OSS Enterprise newsletter guide your open source journey! Sign up here. Application networking company Solo.io has raised $135 million in a series C round of funding, valuing the Cambridge, Massachusetts-based business at more than $1 billion. Application networking is concerned with the process of connecting […]

MindsDB wants to give enterprise databases a brain

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Let the OSS Enterprise newsletter guide your open source journey! Sign up here. Databases are the cornerstone of most modern business applications, be it for managing payroll, tracking customer orders, or storing and retrieving just about any piece of business-critical information. With the right supplementary business intelligence (BI) tools, companies can derive all manner of insights from their vast swathes of […]

Databricks acquires 8080 Labs to bolster its low-code offerings

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Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Databricks today announced a startup company acquisition to bolster its platform for big data analytics. With the purchase of German tech firm 8080 Labs, the Frankfurt-based operation behind the low- and no-code code data analysis tool Bamboolib, […]

H2O.ai secures $100M, lands partnership with Australian bank

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Mountain View, California-based H2O.ai, which provides a cloud platform for AI system development, today announced that it raised $100 million in a series E round led by Commonwealth Bank of Australia (CBA) with participation from Goldman Sachs, Pivot Investment Partners, Crane Venture Partners, Celesta Capital, and others. It brings H2O’s total raised to over $251 […]

Zendesk acquires Momentive to boost its customer analytics offerings

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Zendesk today announced that it’s entered into an agreement to acquire Momentive, including the latter’s popular SurveyMonkey platform. According to Zendesk CEO Mikkel Svane, the purchase will enable Zendesk customers to “build more meaningful relationships” by providing opportunities for Momentive and Zendesk to cross-sell and co-develop existing and future products, potentially driving Zendesk’s 2024 revenue […]

AI-powered fraud-fighting platform Resistant AI raises $16.6M

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Resistant AI, a startup developing automation technologies that respond to vulnerabilities in financial services, today announced that it raised $16.6 million in a series A funding round from GV (formerly Google Ventures) with participation from Index Ventures, Credo Ventures, and Seedcamp. The Prague, Czech Republic-based company says it’ll use the funding to build out Resistant […]