Weekly Roundup - Week 29, 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 data management, generative AI, security, and data quality. Let's examine the most recent fundraising rounds that are expanding potential applications.

CTERA, $80 Million

CTERA, a New York-based hybrid cloud data management solutions provider, has raised $80 million in funding. The investment was from PSG Equity, a growth equity firm that partners with software and technology-enabled services companies to drive transformational growth and seize strategic opportunities 

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Planned, $35 Million, Series B

Planned, a Montreal, Canada-based company that provides end-to-end solutions for travel and events, has raised $35 million in Series B, bringing its total funding to $65 million. The round was led by Drive Capital, with additional participation from Outsiders Fund.   

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Thoughtful AI, $20 Million, Series A

Thoughtful AI, an Austin, Texas-based AI-powered revenue cycle automation company, has secured $20 million in Series A funding. The company also launched its fully human-capable AI Agents specializing in healthcare revenue cycle management (RCM). The round was led by Nick Solaro of Drive Capital, with participation from TriplePoint Capital.

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Pindrop, $100 Million, Debt Financing

Pindrop, an Atlanta, Georgia-based voice authentication and security solutions provider, has secured $100 million in funding. The debt financing was from Hercules Capital, a business development company providing private equity, venture debt, and growth capital to privately held, venture capital-backed companies. 

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Amity Solutions, $60 Million, Series C

Amity Solutions, a Bangkok, Thailand-based software and AI enterprise, together with its parent company, Amity Corporation, has secured US$60 million in a Series C financing round. Amity Solutions raised US$41.6 million, led by Insight Capital with contributions from various investors. Amity Corporation, ASOL's parent company, raised US$18.4 million, led by SMDV, with participation from Gobi Partners and other investors, totaling US$60 million. 

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Shaped.ai, $8 Million, Series A

Shaped.ai, a Brooklyn, New York-based AI recommendation and search platform for marketplaces, e-commerce, and content companies, has raised $8 million in Series A funding. The company also announced the launch of its new self-serve cloud product. The round was led by Madrona Ventures, with participation from Y-Combinator.

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Xapien, $11 Million, Series A

Xapien, a London, UK-based AI due diligence provider, has raised $10 million in Series A funding, bringing its total funding to $17.8M. The round was led by YFM Equity Partners, an independent private equity investor specializing in growth and buyout opportunities.

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HammerTech, $70 Million, Growth Funding

HammerTech, a Melbourne, Australia, and Menlo Park, CA-based construction safety software company, raised $70 million in growth funding. The investment was from Riverwood Capital, a technology-focused growth equity firm with $6.1 billion in assets under management.

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Huma, $80 Million, Series D

Huma, a London and New York-based global healthcare AI company, has raised over $80 million in Series D funding, bringing its total funding to $300 million. The company also announced the launch of its Huma Cloud Platform. The round saw the participation of new and existing strategic and financial investors, including AstraZeneca, Hat Technology Fund 4 by HAT SGR, HV Fund by Hitachi Ventures, Leaps by Bayer, and others.   

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Carry, $10 Million, Series A

Carry is an all-in-one platform for tax-advantaged accounts, investments and strategy for business owners and high earners. They raised $10 million in Series A and the round was lead by Accomplice VC.

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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 $8M for Shaped.ai to a whooping $100M for Pindrop. Stay tuned for next week’s roundup on SaaS Insider.