Weekly Roundup - Week 24, 2024
Jun 16, 2024
10/06/2024 - 16/06/2024
This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies.
After a few slow weeks, things picked up slightly in terms of big funding deals. Many AI and cybersecurity companies received substantial raises. Perhaps things are heating up this summer. Take a look at them below.
Ship Angel, $5 Million
Ship Angel focuses on providing advanced solutions for ocean and air freight rate management for Beneficial Cargo Owners (BCOs) by leveraging artificial intelligence. They received $5 million in funding, co-led by Glasswing Ventures and Newark Venture Partners.
Zeliq, $9.8 Million, Seed
Zeliq provides an AI-powered sales solution designed to streamline and enhance the sales management process for B2B tech companies. They received $9.8 million in seed funding, bringing their total funding to $15.4 million. The round was led by Exor Ventures and supported by Resonance VC.
Cyberhaven, $88 Million, Series C
Cyberhaven specializes in data detection and response (DDR) solutions. They focus on protecting organizations' most valuable asset: their data. They raised $88 million in Series C funding. The round was led by Adams Street Partners, LLC and Khosla Ventures.
Cognigy, $100 Million, Series C
Cognigy offers an enterprise-grade AI platform that enables businesses to build, operate, and analyze advanced AI agents for customer service. These AI agents leverage both conversational and generative AI to handle high-volume customer requests across voice and chat channels, delivering efficient, scalable, and personalized interactions. They raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors.
Mistral AI, $640 Million, Series B
Mistral AI focuses on developing advanced foundational AI models. Mistral provides two types of models: open-weight models and optimized commercial models. Their Series B round was led by General Catalyst, with participation from Andreessen Horowitz, Lightspeed, Bpifrance, and BNP Paribas.
Tomato.ai, $2.1 Million, Seed
Tomato.ai, a Danville, CA-based artificial intelligence startup leveraging generative AI to improve voice communications, raised a $2.1 million seed funding round. The round was led by existing investors Cardumen Capital and Recursive Ventures. Additionally, a new investor, Gaingels, participated in the round.
Brightwave, $6 Million, Seed
Brightwave is a deep technology company that provides an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject. Brightwave raised $6 million in seed funding, led by Decibel Partners.
Canary Technologies, $50 Million, Series C
Canary Technologies offers an AI-driven guest management platform that helps hoteliers manage guest interactions, streamline check-ins, personalize guest experiences, and optimize hotel operations.
They raised $50 million in Series C funding, bringing the total raised to nearly $100 million. The round was led by Insight Partners, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.
ResVR, $1.2 Million
ResVR offers a 3D visualization platform that allows homebuilders and developers to showcase their designs and upgrades, helping homebuyers visualize and feel confident in their purchase decisions. They raised $1.2 million and the round was led by Inverted Ventures and Weave VC.
Learn to Win, $30 Million, Series A
Learn to Win provides personalized, predictive, and secure enterprise training software. Using AI and data science, the platform customizes training content to meet individual learner needs and offers insights and predictive analytics to improve learning strategies and outcomes.
They have raised $30 million in Series A funding, led by the Westly Group, with participation from Norwest Venture Partners and Pear VC.
SaleSqueze, $1.5 Million, Seed
SalesSqueze offers a Visual CPQ platform designed to automate and streamline the sales of items such as home and garden equipment, tiny and modular houses, agricultural equipment, RVs, and more. Their $1.5 million seed round was led by Underline Ventures.
YourSix, $10.5 Million, Series A
YourSix is a Physical Security as a Service (PSaaS) company. Their YourSixOS direct-to-cloud, unified platform leverages a unique convergence of surveillance, access control and monitoring to deliver a modern, cloud-native physical security solution.
YourSix, a cloud physical security solutions provider, raised $10.5 million in Series A funding. The round was led by Vocap Partners and joined by Eastside Partners.
Light, $13 Million
Light developed a fully automated, AI-powered general ledger specifically designed for multinational companies. They built their product in close collaboration with advisors. They secured $13 million in funding and the round was led by Atomico, a European venture capital firm.
Indico Data, $19 Millon
Indico Data specializes in AI-driven solutions for automating critical intake workflows across various stages of the policy lifecycle. Their platform leverages advanced AI technology to process and analyze unstructured data, enabling enterprises, particularly in the insurance industry, to make better decisions with improved data accuracy and efficiency.
They closed $19 million in the funding round led by .406 Ventures and joined by Guidewire.
Hope you are now upto date on the latest funding rounds in the B2B SaaS space. This week saw a lot of Series funding, not limited to Seed. Stay tuned for next week’s roundup on SaaS Insider.
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Written by Angelin Bershiya - Marketing Intern
