Weekly Roundup - Week 32, 2024
Aug 12, 2024
05/08/2024 - 11/08/2024
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, and Cybersecurity. Let's examine the most recent fundraising rounds that are expanding potential applications.
Cents, $40 Million, Series B
Cents, a New York-based all-in-one business management platform for garment care SMBs, has raised $40 million in Series B funding, bringing its total funding to over $77 million. The round was led by Camber Creek.
Datch, $15 Million, Series A
Datch, a New York-based AI technology company specializing in solutions for frontline manufacturing, energy, and utility sectors, has closed $15 million in Series A via an extension. The round was led by Third Prime, an early-stage venture capital firm based in New York and Nashville, specializing in industrial and financial technology.
Napkin, $10 Million, Seed
Napkin, a Los Altos, CA-based startup specializing in visual AI, has raised $10 million in a seed funding round. The round was led by Accel and CRV.
Aurascape, $12.8 Million, Seed
Aurascape AI, a Santa Clara, CA-based cybersecurity company, has closed $12.8 million in oversubscribed seed funding round. The round was led by Mayfield Fund, with participation from Celesta Capital, StepStone Group, and AISpace.
Seeq, $50 Million, Series D
Seeq, a Seattle, Washington-based industrial analytics, AI, and monitoring company, has closed a $50 million Series D funding round, bringing its total funding to approximately $165 million. The round was led by Sixth Street Growth.
DevRev, $100 Million, Series A
DevRev, an AI-native platform that unifies customer support and product development, today announced the completion of a $100.8M Series A funding round, bringing its valuation to $1.15 billion. The company is backed by prominent investors such as Khosla Ventures, Mayfield Fund.
RoeAI, $3.5 Million, Seed
Roe AI's vision is to make any type of unstructured data from any source immediately accessible and usable for data analysts. Roe AI has successfully completed $3.5 million seed round, led by Google’s AI-focused venture fund, Gradient Ventures.
Abnormal Security, $250 Million, Series D
Abnormal Security, a San Francisco, CA-based cybersecurity company specializing in AI-native human behavior security, has closed $250 million in Series D funding at a $5.1 billion valuation. The round was led by Wellington Management.
Levitate, $15 Million, Series D
Levitate, a Raleigh, NC-based SaaS 'Happiness Platform' for relationship-based businesses, has secured $15 million in Series D funding. The round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures, and Bull City Venture Partners, bringing Levitate’s total capital raised to $55 million.
Boostly, $5.6 Million, Seed
Boostly, a Lehi, Utah-based marketing platform for restaurants, has secured $5.6 million in seed funding round. The round was led by Trestle Partners and supported by Relish Works, Singularity Capital, and Y Combinator.
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 $3.5M for RoeAI to a whooping $250M for Abnormal Security. Stay tuned for next week’s roundup on SaaS Insider.
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Written By - Paul Augustine, Founder's Office
