Weekly Roundup - Week 31, 2024
Aug 5, 2024
29/07/2024 - 4/08/2024
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 AI assistants, generative AI, Cybersecurity, Customer Experience Intelligence and Service Automation. Let's examine the most recent fundraising rounds that are expanding potential applications.
Sybill, $11 Million, Series A
Sybill, a San Francisco, CA-based startup that has built an AI assistant specifically for sales representatives, has raised $11 million in Series A funding, bringing its total raised to $14.5 million. The round was led by Greycroft, with participation from existing investors Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures also participated in this round.
Protect AI, $60 Million, Series B
Protect AI, a Seattle, Washington-based AI and ML security company, has closed $60 million in Series B funding, bringing its total funding to $108.5 million. The round was led by Evolution Equity Partners, with participation from 01 Advisors, StepStone Group, Samsung.
Checkly, $20 Million, Series B
Checkly, a Boston, MA-based provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright, has raised $20 million in Series B funding. The funding round was led by Balderton Capital.
WorkJam, $20 Million
WorkJam, a Montreal, Canada-based digital frontline workplace, has received $20 million in funding. The investment was from Export Development Canada.
IntelePeer, $140 Million
IntelePeer, a Dania Beach, Florida-based company specializing in AI-driven communications automation, has raised $140 million in growth funding and debt financing. The funding round was co-led by Savant Growth LLC and VantagePoint Capital Partners.
Streamkap, $3.3 Million
Streamkap, a San Francisco, CA-based real-time data streaming provider, has secured $3.3 million in seed and pre-seed funding. The investment round was led by InReach Ventures and included participation from TEN13, Haatch Ventures, and Begin Capital.
Ema, $50 Million, Series A
Ema, a San Francisco, CA-based generative AI company creating the universal employee of the future, secured $50 million in Series A funding, bringing its total funding to $61 million. The round was led by Accel and Section 32.
Tset, €12.7 Million, Series A
Tset, a Vienna, Austria-based carbon accounting software startup, has closed €12.7 million in Series A funding round. The round saw participation from investors like Carbon Removal Partners, Brose Ventures, and Ingenics Holding.
Level AI, $39.4 Million, Series C
Level AI, a Mountain, CA-based company specializing in LLM-native customer experience intelligence and service automation, has secured $39.4 million in Series C funding, bringing its total funding to $73.1 million. The round was led by Adams Street Partners, with participation from Cross Creek, and Brightloop.
Altana, $200 Million, Series C
Altana, a Brooklyn, New York-based supply chain management startup, has raised $200 million in Series C funding at a $1 billion valuation. The round was led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital.
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 $3.3M for Streamkap to a whooping $200M for Altana. Stay tuned for next week’s roundup on SaaS Insider.
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Written By - Paul Augustine, Founder's Office
