Weekly Roundup - Week 37, 2024

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

This week's investment trends point to growth in automation, client acquisition, AI development, and generative AI. Let's examine the most recent fundraising rounds that are expanding potential applications.

NetNow, $1.8 Million, Pre-Seed

NetNow, a Toronto, Canada-based modern trade credit automation platform, has raised $1.8 million in pre-seed funding. The round was led by Ripple Ventures.

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Cashmere, $3.6 Million, Seed

Cashmere, a Los Angeles, CA-based AI-powered client acquisition platform for wealth management firms, has raised $3.6 million in a seed funding round. The round was led by Canapi Ventures.

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Track3D, $4.3 Million, Seed

Track3D, a San Francisco, CA-based AI startup building a reality intelligence platform for the construction industry, has raised $4.3 million in seed funding. The round was led by Endiya Partners.

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Protege, $10 Million, Seed

Protege, a New York-based platform for AI training data, has secured $10 million in seed funding round. The company has also launched its AI training data platform to address one of the biggest issues in AI development—sharing and accessing the right training data. The round was led by CRV.

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Landbase, $12.5 Million, Seed

Landbase, a San Francisco, CA-based agentic AI platform tailored for go-to-market strategies, has emerged from stealth with $12.5 million in seed funding. The round was co-led by A*, 8VC, and Firstminute Capital.

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Datricks, $15 Million, Series A

Datricks, a Tel Aviv, Israel-based financial integrity startup, has secured $15 million in Series A funding. The round was led by Team8’s venture arm.

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webAI, $60 Million, Series A

webAI, an Austin, Texas-based AI development platform, has raised $60 million in Series A funding round, bringing its valuation to $700 million. Additionally, webAI has appointed three industry veterans to its board: Michael Abbott (former Apple VP), David Beirne (X10 Capital founder), and Dennis Durkin (former CFO of Activision Blizzard). The investors in this round were not disclosed. 

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Elum Energy, $13 Million, Series B

Elum Energy, a Paris, France-based provider of advanced energy management solutions for renewable energy systems, has raised $13 million in Series B funding. The round was led by Energize Capital.

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Connectly, $20 Million, Series B

Connectly, a San Francisco, CA-based company specializing in AI-powered conversational commerce, has raised $20 million in Series B funding. The round was led by Alibaba.

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Glean, $260 Million, Series E

Glean, a Palo Alto, CA-based AI-powered search startup, has raised $260 million in Series E funding at a $4.6 billion valuation. The company also introduced next-generation prompting features such as advanced multi-step prompts, a prompt library, and integrations with Zendesk and Salesforce. The round was co-led by Altimeter and DST Global.

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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 round of $1.8M for NetNow to a whooping $260M for Glean. Stay tuned for next week’s roundup on SaaS Insider.