IND REPORT HIGHLIGHT
SAN JOSE, Calif.–(BUSINESS WIRE)–Sep 9, 2019– AppZen, the world’s leading AI platform for modern finance teams, announced today that it has secured $50 million in Series C funding led by Coatue Management. Existing investors Redpoint Ventures and Lightspeed Venture Partners also participated in the round. This brings the company’s total investment to more than $100 million. AppZen will use the new funding to accelerate its mission to become the leading artificial intelligence (AI) platform for CFOs and their teams to reduce spend, comply with policy and streamline process.
Read more: https://apnews.com/Business%20Wire/8f2963e6c60247238c3d69cb51e6d57e
IND REPORT
- TPA Stream, a Cleveland, OH-based healthcare benefits automation company, closed a $1.4m seed funding round
- Sight Machine Inc., a San Francisco, CA-based digital manufacturing platform, received a venture capital investment from Sony Innovation Fund (SIF), Sony Corporation’s venture capital arm
- SeekOps Inc., an Austin, TX-based company which develops and fields advanced sensor technology to detect, localize, and quantify natural gas emissions through integrated drone-based systems, secured funding from two strategic investors as part of its Series A-1 fundraising
- RippleMatch, a NYC-based data-driven university recruiting platform, secured $6m in Series A funding
- SGI-DNA, a San Diego, CA-based developer of synthetic genomics technologies and DNA data storage solutions, closed a $25m Series A financing
- Platelet BioGenesis, Inc. (PBG), a Cambridge, Mass.-based leader in stem cell-derived, on-demand human platelets (PLTs+™) and platelet-based therapeutics, raised more than $26m in Series A-1 financing
- Axiom, the global leader in specialized on-demand legal talent, received a strategic investment from Permira
- HackerOne, a San Francisco, CA-based hacker-powered pentest and bug bounty platform, raised $36.4M in Series D financing
- IceKredit, Inc., a Los Angeles, CA and China-based credit risk and credit management company, raised $47m in pre-Series C funding
- TransPerfect, a New York-based provider of language and technology solutions for global business, acquired MoGi Group, a Dublin, Ireland-based bespoke gaming solutions house that partners with studios, developers, and content owners in the gaming space
- Commvault (NASDAQ: CVLT), a Tinton Falls, NJ-based provider of software for the management of data across cloud and on-premises environments, is to acquire Hedvig, a Santa Clara, CA-based software-defined storage (SDS) company, for $225m
- Red River, a Claremont, N.H.-based technology transformation company, acquired CWPS, a Washington D.C.-based technology solutions provider
- PeopleShare, a Collegeville, PA-based staffing firm in the East Coast, acquired Best Practices Staffing, a staffing firm focused on the Greater Chicago area
- MyHeritage, a global discovery platform for exploring family history and gaining health insights, acquired River Road Bio, the company that owned and operated SNPedia and Promethease
- AppZen, a San Jose, CA-based AI platform for modern finance teams, secured $50m in Series C funding
DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.
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