TripleBlind Funded $24M for Overall Data Privacy Solutions

Privacy

TripleBlind, based in Kansas City, MO. A developer of a cryptographic platform designed to share, leverage, and monetize regulated data privacy.

TripleBlind was funded $24 million led by General Catalyst and Mayo Clinic with participation from AVG Basecamp Fund, Accenture Ventures, Clocktower Technology Ventures, Dolby Family Ventures, Flyover Capital, KCRise Fund, NextGen Venture Partners, Wavemaker Three-Sixty Health, and other strategic angel investors.

The company aims to use the new investment to expand operations and its business reach—also, the Comprehensive Data Privacy Solutions at the enterprise level.

TripleBlind’s platform, which officially launched in November 2020, is compliant today with data privacy and data residency regulations in some 100 countries, with HIPAA, GDPR, and California’s CCPA among them. However, the company estimates there are some 43 zetabytes of data store by enterprises globally that not use as possible because of the limitations impose both by these and other data protection rules and general hesitancy over-sharing IP and other issues around sharing data.

The company today, interest has grown exponentially. It now includes leaders in financial services, media and telecommunications, energy, and many other industries where sharing data assets is critical to sustained, long-term growth.

Quentin Clark, Managing Director of General Catalyst, said, TripleBlind is an incredible platform for empowering companies to collaborate on data while preserving privacy, data rights, and intellectual property.  Significant today in the healthcare industry, as data mobility results in fragmented and non-optimal care. They believe that TripleBlind’s platform for enabling teams to work together with the most private and sensitive data is a necessary part of how companies will be able to have agility while respecting the privacy of their customers and the intellectual property of their partners.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

RoboTire Funded $7.5M to Develop Smart Automotive Technology

Automotive

RoboTire is a startup, and Developer of automated vehicle maintenance machines design to facilitate the speedy replacement of automotive tires.

RoboTire was funded a $7.5 million financing round, begun by The Reinalt-Thomas Corporation, which gives business as Discount Tire and America’s Tire. In joining, automotive Ventures, Detroit Venture Partners, 640 Oxford Ventures, and several angel investors participated in the round.

RoboTire CEO and Founder Victor Darolfi said their focus is to revolutionize the way tires are change. Cooperating with Discount Tire an iconic automotive and tire industry leader will make their innovative technology more broadly available to consumers who need both agility and service as part of their daily lives. They are immensely please to receive this support from their investors and understand this is just the first round down a long road to success for their partnership.

This company trademarked system uses robots to replace tires part of the time human operators can—reducing multiple-hour activities to under 15 minutes. This invention of manufacturing-level automation to traditional automotive repair shops transforms the conventional business and operational factors used by fleet operators and automotive service providers for tire and the wheel services.

Tom Williams, CEO at Discount Tire, said they are excited to support RoboTire in developing the latest and innovative technologies that drive a more satisfying customer experience. As customer expectations about the ‘buy and book online’ expertise and their ability to deliver reduced wait times continue to grow, they will continue to pursue automation and enhancements that ensure an inviting, easy, and safe experience for all their customers.

RoboTire is transformative for the tire industry and for developing more innovative automotive technologies and future-proofing the workforce of skilled technicians. RoboTire is excited to build out and scale their operations and team in Detroit and Michigan, the heart of American automotive engineering, with the support of their new partners.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

DroneSeed Funded $36M to Expand Seedling Cultivation for Wildfire Restoration

Restoration

DroneSeed, a Seattle, WA-based developer of a drone data platform designed to help businesses collect, manage, and interpret drone data. As a tech-powered option to the backbreaking work of large-scale tree planting, this vital responsibility is only one tiny part of forest restoration, the foundation for which pushed to the breaking point by wildfires.

DroneSeed was funded $36 million led by Social Capital and Seven Seven Six, with new and existing investors with individual and group angel investors.

The company will use some new investment to acquire Silvaseed, a 130-year-old forestry company, to expand DroneSeed’s seed collection and seedling cultivation services.

A discoverer in climate tech and post-wildfire reforestation, DroneSeed is the only business approved by the FAA to use a fleet of heavy-lift drones to reforest after wildfires, empowering healthy forests to grow back.

DroneSeed substitutes human tree planters, who do a valuable job well but are scarcer due to the toughness and low pay of the work. Meanwhile, the scale of destruction from fires long ago passed, exceeding the capabilities of manual labor. So instead, drones can deliver dozens of seed packets or scatter invasive plants that necessarily arise in the wake of fires before trees take root with a more offensive load-out.

This procedure has innumerable advantages: It replaces unwanted and dangerous jobs of both planters and brush pilots, whose low-altitude helicopter work is difficult; the engineered seed packets hold predators like active squirrels; a truck with a line of drones can prepare more involved and cover far more ground (about 6x) than human operations; the data-heavy process is easily audit and tracking.

Jay Zaveri, a partner at Social Capital, said, Global reforestation is vital to fight against climate change. So, they’ve helped DroneSeed from the very start, given its commitment to terraform our planet for welfare. Since then, DroneSeed has estimated its effort to reforest land, found a successful pattern through carbon markets, and changed the experience of forest development for landowners.

The winning positions DroneSeed as a one-stop shop for reforestation services, including seedling cultivation, flying drone-based seeding, and financing with carbon credits. In addition, DroneSeed plans to expand further, doubling its capacity to address the grown need for reforestation assistance by the middle of next year.

The remaining part of this new funding is to return to the 2021 fire season already started, adding on more reforestation projects, generating carbon credits, and expanding its services geographically in the future.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Thankful Funded $12M for CRM Development and Business Enterprise

CRM

Thankful is a Venice, California-based company and developer of an online CRM software designed to improve online customer services.

Thankful was funded $12 million Series A round funding led by Alpha Edison. Other selected angel investors include Bonfire, Ten-One-Ten, Greycroft, Omega, and Miramar.

The purpose of the funds is to scale its enterprise business further and reimagine how customer experience can evolve from fundamental problem solving to complex, personalized relationship-building.

Since Thankful’s breakthrough technology understands what customers want and delivers the answers, customers need. Being a result, it has also become a go-to partner for the world’s leading helpdesks, including Zendesk, Kustomer, and Gladly.

Robey Miller, the partner at Alpha Edison, said Thankful was an attractive investment because of the company’s focus on the post-purchase environment. Much of the data in this area is unstructured, so it is hard for brands to track it in a structured way.

Miller believes that Thankful is well-position to be at the forefront of experimenting and pushing the envelope with customer service as brands seek out insightful, actionable tools and something that they can trust.

Thankful charges customers based on the volume of tickets and which product they are using. However, the company doesn’t just sell the software but enables customers to see it working before buying it. Thankful agents listen in on a potential customer’s help desk for a couple of weeks to determine the brand’s state of customer service and what could learned with the data.

Ted Mico, the CEO of Thankful said, the following step for them is getting the data to the point of showing how your customer service operates how to recognize patterns and help the brand improve. The valuable information typically lost. Without the data, your business becomes an opinion-based business that they are trying to work out on that data.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Aktivate Funded $7M for Development of Sports Technology Platform

Sports

Aktivate is a New York based developer of a sports technology platform. End-to-end software intended to bring all aspects of kids’ athletics, from scheduling to injury reporting, into one place.

Aktivate was funded $7 million in Seed funding. Will Ventures led the new investment with Tal Ventures, Village Global, Benson Oak Ventures, angel investors Zeke Emanuel and Howard Morgan. The business intends to utilize the funds to expand operations and accelerate its growth.

This company founded to transform how scholastic sports managed and funded. Lessen the financial difficulties that prevent more students from experiencing the positive benefits of participation in sports and other school activities.

The company co-founded by serial entrepreneurs Hesky Kutscher and Dhruv Singh. They have collectively launched seven technology companies in healthcare, wellness, educational technology, and digital media.

By new acquisitions and integrations of Utah-based Register My Athlete and New York-based Sportz Ventures, Aktivate forthwith powers student-athlete administration for over 1,300 K-12 schools and 1.5 million athletes across 30 states and has strategic relationships with many states athletic associations, including Texas’ University Interscholastic League.

Kutscher said their system not only does it makes life simpler. But it also helps the schools make it clear to interact with parents, fasten them, and bring in more revenue.

Brian Reilly, a Managing Partner of Will Ventures, said, Youth sports is a massively growing industry. Yet, educational sports have long lacked the operational technology that exists at the collegiate and professional levels. They believe in the power of Aktivate’s software and its community to introduce groups of service and connectivity that will help student-athletes maximize their potential through sports.

Aktivate is currently in use in over 30 states, predominantly in the western U.S., including Arizona, Nevada, Utah, California, Idaho, and Texas.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

SpotOn Funded $300M to Develop Financial Platform Capabilities to Increase Market Users

financial

SpotOn is based in San Francisco, CA. This company is a developer of a cloud-based financial platform design to give businesses an unparalleled set of growth-driving tools.

SpotOn was funded $300 million in Series E funding, raising its valuation to $3.15 billion. Andreessen Horowitz led the round with continued participation from current investors, including DST Global, 01 Advisors, Dragoneer Investment Group, Franklin Templeton, Mubadala Investment Company, and new investors Wellington Management and Coatue Management. In addition, advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angel investors.

Will use the company’s new investment to acquire Appetize, a leading digital and mobile commerce financial platform for enterprise businesses, such as sports and entertainment venues, theme parks, zoos, college campuses, and more.

SpotOn has provided software and financial payments technology to SMBs, emphasizing restaurants and retail businesses. However, the acquisition of Appetize extends SpotOn’s reach to the enterprise space in a significant way. Appetize will market as SpotOn and will work to increase its client base, including an excellent directory of companies and organizations, including Live Nation, LSU, Dodger Stadium, and Urban Air.

Appetize’s technology performs it more comfortable to pay in various contactless processes through point of sale (POS) devices, self-service kiosks, handheld tools, online ordering, mobile web, and API integrations.

SpotOn is bringing on the likes of Square in the payments place. But the company says its offering lengthens beyond typical payment processing and point-of-sale software. Instead, its platform intends to give SMBs the capability to manage their businesses “from building a name to accepting payments and everything in between.” SpotOn aims to be a “one-stop-shop” by incorporating tools such as marketing, custom website development, scheduling software, review management, appointment scheduling, analytics, and digital loyalty.

Through these combine, complementary technologies, SpotOn positioned to support clients of all types and sizes to manage their business now and well into the future. The transaction expected to close by mid-September.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Corelight Funded $75M to Develop New Data for Global Market

Market

Corelight is a developer of a network visibility software platform design to solve cybersecurity problems in the market. Based in San Francisco, This company is an open-core security company founded by the creators of Zeek, the widely use network security technology.

Corelight was funded $75 million led by Energy Impact Partners with participation from previous investors General Catalyst, Accel, Insight Partners, Osage University Partners, H.I.G. Growth Partners, CrowdStrike Falcon Fund, Capital One Ventures, and angel funding Gaingels. The new investment intends to accelerate both global market presence and develop new data and cloud offerings.

Corelight is the fastest-growing NDR platform, helping defenders in some of the world’s most prominent financial institutions, healthcare organizations, retail, critical infrastructure providers, and government agencies. Building on more than 20 years of open-source improvement and community-driven insight. Corelight equips security teams with the world’s best network evidence so they can close investigations quickly, even when incidents go back years.

Brian Dye, CEO of Corelight, said He is grateful to their investors’ partnership as they help organizations worldwide. Transfer to a data-driven security strategy because this latest investment is a powerful affirmation. Network detection and response category and our open-source heritage, data-centric approach, and commitment to customer success.

First investor EIP is a global investment platform back by a large combination of forward-looking utilities and industrial partners and concentrated on investing in cybersecurity, utility infrastructure, and the broader energy transition, digital transformation.

EIP’s focus on critical infrastructure providers highly aligned with both mission and market tractions. It is essential to support these institutions to protect against increasingly sophisticated attackers, given their role in society and the economy.

Shawn Cherian, partner at EIP said, Corelight’s robust NDR technology, rooted in open source, has had a strong impact across industries and is swiftly becoming the de-facto standard for sophisticated defenders. They look forward to supporting them as they expand their existing footprint within the sustainable energy, manufacturing, and other critical infrastructure sectors.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Overjet Funded $27M to Accelerate AI Dental and Global Market

Dental

Overjet, a Boston MA-based, is a developer of advanced dental technologies designed to reduce costs and improve the quality of dental care.

Overjet was funded $27 million in Series A financing was led by General Catalyst and Insight Partners, with strategic angel investors and additional backing from the E14 Fund.

The company plans for the gain are two: The money will support Overjet’s goal of bringing its existing platform to dental clinics around the country. While also funding the development of new AI-based tools and systems to improve dentistry.

The mission of Overjet is to improve oral healthcare for all. That is the reason Overjet’s dental AI products design to help dentists deliver the best patient care and enable dental insurers to operate more accurately and efficiently.

Today’s financing follows the FDA’s recent clearance of Overjet’s Dental AssistTM product designed for dental practices, the first dental AI company to receive such approval.

The flagship feature of the Dental Assist program is the deep learning-based technology at its core that can perform real-time analyses of dental X-rays. The AI trained to measure bone loss in these images, making it easier for dentists and hygienists to diagnose periodontal disease. Which estimated to hit roughly half of all U.S. adults and, in severe untreated cases, can cause pain and tooth loss.

The program designed to cut down on imaging and diagnosis significantly. It works in real-time and eliminates the need for dentists to study X-rays to measure bone levels manually.

Chris Bischoff, Managing Director of General Catalyst, said that Overjet improves patient care by automating much of the clinical review process with AI. Thus, helping clinicians increase diagnostic quality, consistency, and speed. That means why they are excited to partner with Wardah Inam and the entire Overjet team to deliver on the vision of health assurance in dentistry. Creating a win for patients, as well as insurers and clinicians.

The company hopes to receive further FDA clearances. Next, expand the AI’s reach beyond gum disease, enabling the software to identify and assess cavities, tartar, impacted teeth, and other dental concerns.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Diamond Age Funded $8M for Robotic and 3d Printing Home Construction Advancement

Home

Diamond Age is a developer of a robotic construction technology intends to fix labor shortage issues in construction. The Bay Area startup focuses on automating the construction process by developing a suite of automated devices that diminish the manual labor needed to build new home by more than half.

Diamond Age was funded $8 million seed round led by Prime Movers Lab and Alpaca VC with participation from Dolby Family Ventures, Calm Ventures, angel funding Gaingels, GFA, Venture Partners, Suffolk Construction, Towerview Ventures.

The startup studies to put a slew of key emerging technologies to work in constructing houses with several workers in a significantly trimmed time frame. Diamond Age declares that when fully completed, its tech will reduce manual human labor by 55%. As a result, shorten the construction time on a single-family home from nine months to 30 days.

Precisely, the company relies on robotic and 3D printing solutions. The past involves a set of 26 different robotic arm attachments to help with the construction. That tech is link with a gantry-based 3D printing technology designed to assemble the interior and exterior walls of the house. These efficiencies could dramatically reduce the almost a million single-family home shortages in the U.S. housing market.

Diamond Age will use the new funding to scale its robotics platform advancement and produce a 1,100 square foot demonstration house. In addition, this fund will help Diamond Age partner with home builders and developers to turn the home building into an on-demand product. And give buyers more options when designing their home.

Suzanne Fletcher, the Prime Movers Lab General Partner, said that construction is still an old-fashioned industry that has yet to experience the comprehensive benefit of technology. As a result, it is plague with inefficiency and massive labor shortages. Because of that, Diamond Age is building a genuinely transformative system that will change the buying and building of new production homes forever.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Agora Funded $33M to Make it Easier the Procurement of Construction Industry

construction

Agora is a company based in San Francisco, CA. Also, a developer of a cloud-based construction management software designed to help contractors in materials management and procurement.

Agora was funded $33 million led the Series B funding round by Tiger Global, with additional critical investments from 8VC, Tishman Speyer, DST, angel investors Jerry Yang, Michael Ovitz, LeFrak, and Kevin Hartz.

The company plans to employ the funds to organize and trace materials, automate manual data entry, and bring all its supply chain stakeholders together upon a single platform for seamless interaction.

Maria Rioumine and Ryan Gibson have founded Agora. To make it easier for commercial trade contractors to order and track materials, automate manual data entry, and give everyone involved in the procurement process a single platform by which they can communicate with each other.

Commercial trade contractors over the US still rely on manual, pen-and-paper methods too often to operate their stocks chains. Service teams are overburdened with manual data entry and must rely on old systems that don’t work with each other. Area teams have no simple way to choose the precise materials they need and track them to delivery. These inefficient processes delayed contractors down and drive to miscommunication, project delays, and massive waste.

Agora’s software resolution is a critical component in decreasing the cost of construction, helping deliver essential projects that empower local communities faster and more efficiently, and reducing materials waste.

During the pandemic, contractors across the country faced severe supply chain disruptions and material price fluctuations. As a result, many turned to Agora to help them manage quotes across different vendors more quickly and lock in prices in advance.

Using the platform does explicitly things like giving contractors the ability to customize templates, create pre-approved materials lists and quickly reorder frequently needed items, order from a catalog that offers more than 400,000 SKUs, and eliminate manual data entry, which reduces errors and automates basic processes.

John Curtius, a partner at Tiger Global, said, That Agora’s platform gives industry-leading knowledge for commercial trade contractors and is a game-changer in improving how construction works. They are passionate about Agora’s strong traction, ridiculous market opportunity, and proven track record of client success.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.