Weekly Roundup - Week 27, 2024

This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies. 

This week's investment trends point to continued growth in generative AI, cloud, and data security. Let's examine the most recent fundraising rounds that are expanding potential applications.

SmartHR ,$140 Million, Series E

SmartHR, a Japan-based cloud-native human resources and labor management software startup, has raised $140 million in a Series E funding round. The round was led by KKR and Teachers’ Venture Growth.

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Clearstory, $16 Million, Series B

Clearstory, a Walnut Creek, CA-based change order communication platform for the construction sector, secured a $16 million Series B financing round. The round was led by Prudence, with participation from Industry ventures. 

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Vida, $3 Million, Seed

Vida, an Austin, TX-based provider of carrier-grade AI voice agents for SMBs, has raised $3 million in seed funding. The round was led by Stillmark, a Bitcoin-focused venture capital firm founded in 2019.

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Tembo, $14 Million, Series A

Tembo, a Cincinnati, Ohio-based managed service for Postgres, has secured $14 million in Series A funding. The round was led by GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital.

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Sift, $17.5 Million, Series A

Sift, an El Segundo, CA-based unified observability platform specializing in hardware sensor data, raised $17.5 million in Series A funding. The round was led by GV (Google Ventures), bringing Sift's total funding to $25 million.

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CData, $350 Million

CData Software, a Chapel Hill, NC-based provider of data access and connectivity solutions secured $350 million in growth capital.The round was led by Warburg Pincus, with participation from Accel.

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Dust, $16 Million

Dust, a Paris, France-based startup building custom AI assistants to speed up work, has secured $16 million in funding. The round was led by Sequoia Capital, with participation from investors like XYZ, GG1, Connect Ventures, Seedcamp, and Motier Ventures.

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Redactive, $7.5 Million, Seed

Redactive AI, an Australia-based artificial intelligence engineering and security development startup, has raised $7.5 million in seed funding. The round was led by Felicis Ventures and Blackbird Ventures, with participation from Atlassian Ventures and Zapier.   

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HopSkip, $3 Million, Seed

HopSkip, a Philadelphia, PA-based hospitality tech company that helps event planners book hotel spaces, has raised $3 million in seed funding. The round was led by Conductive Ventures.

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TestParty, $4 Million, Seed

TestParty, a New York-based AI-driven software compliance company, raised $4 million in a seed funding round. The round was co-led by Harlem Capital and the Urban Innovation Fund, with additional participation from K Ventures and Soma Capital. 

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We hope you are now up to date on the latest funding rounds in the B2B SaaS space. This week we saw a seed round of $3M for Vida to a whooping $350M for CData. Stay tuned for next week’s roundup on SaaS Insider.