Weekly Roundup - Week 26, 2024
Jul 1, 2024
24/06/2024 - 30/06/2024
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, enterprise automation, and data security. Let's examine the most recent fundraising rounds that are expanding potential applications.
Illumex ,$13 Million, Seed
Illumex, a Tel Aviv, Israel-based generative semantic fabric platform designed to optimize structured enterprise data for generative AI (GenAI) applications. They received $13 million in seed funding, led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures.
AuthZed, $12 Million, Series A
AuthZed, a New York-based startup helping enterprises rapidly build innovative user experiences with simple, fast, and secure permissions systems, They closed $12 million in Series A funding, led by General Catalyst, with continued support from Work-Bench, Y Combinator, and Amplify Partners.
Cooby, $1.75 Million, Seed
Cooby, a Taiwan-based WhatsApp sales platform, has secured $1.75 million in seed funding, bringing its total funding to $4.75 million. The Seed Round was led by Shilling VC, along with existing investors Surge and Pear VC.
Chift, €2.3 Million, Seed
Chift, a Brussels, Belgium-based provider of unified APIs for business software integrations, has secured €2.3 million in seed funding. The round was led by Entourage, with participation from Shapers and Seeder Fund.
Hebbia, $100 Million, Series B
Hebbia, a New York-based startup using generative AI to search large documents and return answers, has raised nearly $100 million in Series B funding, bringing its total raised to over $120 million. The Series B round was led by Andreessen Horowitz.
Orby AI, $30 Million, Series A
Orby AI, a Mountain View, CA-based generative AI solution for enterprises, focuses on developing advanced generative AI solutions designed for enterprise automation. The platform observes how workers perform tasks and uses AI to automate them. They raised $30 million in Series A funding, co-led by New Enterprise Associates, Wing VC, and WndrCo, with additional participation from Pear VC.
Odaseva, $54 Million, Series C
Odaseva, a San Francisco, CA-based enterprise data security platform for Salesforce, Odaseva provides a data security platform specifically designed for Salesforce. They raised $54 million in Series C equity financing, bringing its total funding to over $90 million. The round was led by Silver Lake Waterman and joined by existing investors F-Prime, Eight Roads, and Serena Capital, as well as new investors Eurazeo and Crescent Cove.
Synthflow, $7.4 Million, Seed
Synthflow, a Berlin-based no-code platform tailored for SMEs to create AI voice assistants, Synthflow provides a no-code platform for AI voice assistants, specifically targeted at SMEs (small and medium-sized enterprises). They have secured $7.4 million in seed funding, bringing its total funding to $9.1 million. The round was led by Singular and Atlantic Labs.
Klarity, $70 Million, Series B
Klarity, a San Francisco, CA-based AI automation platform, Klarity provides an automated document review software purpose-built for revenue accounting. The company uses generative AI to automate document analysis, reducing the need for manual data entry. They raised $70 million in Series B funding, bringing its total funding to over $90 million. The round was led by Nat Friedman, Daniel Gross, Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator.
Rocketlane, $24 Million, Series B
Rocketlane, a San Mateo, CA-based software platform designed to optimize client onboarding and ongoing engagement for businesses, raised $24 million in Series B, bringing its total raised to $45 million. The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners.
Creatio, $200M
Creatio, a Boston, MA-based no-code CRM and workflow automation platform, Creatio's platform is designed to handle various front-office processes, including sales, customer relationship management, marketing, and service management. They raised $200 million in funding at a $1.2 billion valuation. The round was led by Sapphire Ventures, StepStone Group, Volition Capital and Horizon Capital.
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 $1.7M for Cooby to a whooping $200M for Creatio. Stay tuned for next week’s roundup on SaaS Insider.
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Written By - Paul Augustine, Founder's Office
