Weekly Roundup - Week 28, 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, cybersecurity, and data quality. Let's examine the most recent fundraising rounds that are expanding potential applications.

Soda ,€12.9 Million

Soda, a Brussels, Belgium-based AI-enabled data quality company, has secured €12.9 million in funding. The investment was from Singular and Point Nine.

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Command Zero, $21 Million, Seed

Command Zero, an Austin, Texas-based cybersecurity company, has emerged from stealth mode and secured $21 million in seed funding. The round was led by Andreessen Horowitz, with contributions from Insight Partners.

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Regard, $61 Million, Series B

Regard, a Los Angeles, CA-based AI-powered clinical insights platform, has raised $61 million in Series B financing. The round was led by Oak HC/FT, with participation from Cedars-Sinai Health Ventures, TenOneTen Ventures, Calibrate Ventures, and Techstars.

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Fireworks AI, $52 Million, Series B

Fireworks AI, a Redwood City, CA-based company that offers a generative AI platform as a service, raised $52 million in Series B funding, bringing its valuation to $552 million. The round was led by Sequoia Capital.

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Clay, $46 Million, Series B

Clay, a New York, NY-based AI startup focused on sales and marketing for businesses, has secured $46 million in Series B financing, bringing its total funding to $62 million. The round was led by Meritech Capital, with support from existing backers including Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures. 

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Hayden AI, $90 Million, Series C

Hayden AI, a San Francisco, CA-based provider of vision AI solutions for smart cities, has raised $90 million in Series C funding. The round was led by The Rise Fund and supported by existing investors such as the Drawdown Fund and Autotech Ventures. 

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Cytactic, $16 Million, Seed

Cytactic, a New York and Tel Aviv-based cyber crisis readiness and management startup, has secured $16 million in seed funding. The round was led by Evolution Equity Partners. 

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Kavaken, $1.1 Million, Seed

Kavaken, an England, UK-based provider of SaaS solutions for the renewable energy sector, has secured $1.1 million in seed funding. This round saw investments from Vestel Ventures, Rockstart, Norrsken Accelerator, Founderone, and 2040VC.   

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Synerise, $8.5 Million, Series B+

Synerise, a Krakow, Poland-based deep-tech company specializing in AI-driven behavioral modeling and big data solutions, has secured $8.5 million in Series B+ funding. The investment was from VTEX.   

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Helsing, €450 Million, Series C

Helsing, a Berlin, Germany-based defense AI startup, has raised €450 million in Series C, bringing its total funding to over €769 million. The round was led by General Catalyst, with participation from Accel, Lightspeed Venture Partners, Plural, Greenoaks Capital Management, and Elad Gil.

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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 $1.1M for Kavaken to a whooping €450M for Helsing. Stay tuned for next week’s roundup on SaaS Insider.