CloudNatix Funded $4.5M for the Infrastructure Operations Growth

Infrastructure

CloudNatix a startup company based in Saratoga, CA. This company provides an infrastructure for businesses with multiple cloud and on-premise operations.

CloudNatix was funded $4.5 million Seed round financing. The new investment led by DNX Ventures, an investment firm that focuses on the United States and Japanese B2B startups. Support from a new investor Cota Capital and existing investors: Incubate Fund, Vela Partners, and 468 Capital.

The new funding will boost the company scale the engineering and sales organizations to satisfy the great demand for their product over various geographies and vertical market shares.

CloudNatix was founded in 2019 by chief executive officer Rohit Seth, who previously held lead engineering roles at Google. CloudNatix is transforming how enterprises adopt and use Cloud and On-prem infrastructure. They have developed an auto-pilot platform that works over multiple Cloud providers delivering highly cost-effective infrastructure and operations.

The CloudNatix platform allows customers to decrease their infrastructure spend by up to 50%. Simultaneously, the Developer and DevOps teams can handle legacy, storage, or micro-service-based applications inseparable from a single management pane, occurring in sound and more agile business application rollouts.

Seth said CloudNatix competes most directly with VMware and Red Hat OpenShift. But they limit both services to their base platforms, while CloudNatix’s benefit is agnostic to base platforms and cloud service providers.

The cloud business is one of the fastest-growing and most extensive technology sectors, dominated by Amazon Web Services, followed by Microsoft Azure and Google Cloud. Cloudnatix operates, estimated to be $12B, according to Gartner. While hybrid and multiple cloud environments and Kubernetes have been defining as the most efficient way of running modern workloads, adopting this structure is not simple. Cloudnatix makes working in these different environments orders of measure simpler by enabling developers to perform their applications by applying the auto-pilot technology and a single management pane.

Managing Partner of DNX Ventures Hiro Rio Maeda said one of CloudNatix’s critical assets is its cloud-agnostic infrastructure management that gives hassle-free, highly efficient enterprises’ operations. CloudNatix has opened its board of directors to include Mr. Maeda.

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.

Mosaic Funded $18.5M to be World’s First Strategic Finance Platform

Finance

Mosaic is based in San Diego, CA. This company builds a strategic finance platform constructed to ingest data from many systems in the alphabet sequence of enterprise IT — ERPs, HRISs, CRMs, etc.

Mosaic was funded $18.5 million of Series A financing. General Catalyst led the funding, with participation from Felicis Ventures, Village Global, and XYZ Ventures.

This new round of funding will help Mosaic speed up realizing the strategic finance vision by growing their world-class team across engineering, sales, marketing, customer success, and more.

They found Mosaic in April 2019 by Bijan Moallemi, Brian Campbell, and Joe Garafalo, who served closely at Palantir in the company’s finance team for beyond 15 years accordingly. While there, they saw the enterprise grow from a small organization with a little over one hundred people with thousands of employees, over one hundred customers, as we saw last year with Palantir’s IPO and incoming revenue of more than a dozen countries.

After Palantir, they each led Finance for other high-growth venture-backed companies where they faced the same problems and once again created customized solutions to solve them.

It became increasingly clear to them that these issues were universal and that the CFO’s office was fundamentally broken. Previous FP&A software failures to keep pace with a growing constellation of disconnected cloud-based tools have left Finance leaders struggling to keep up. Tracking financial health was confusing, requiring extraordinary amounts of manual data entry and manipulation. The resulting information was often out of date by the time it got into decision-makers’ hands. In today’s fast-paced world, a slow view of what happened is no longer acceptable.

They tackled the problem head-on. There is no reason that Finance, the team tasked with managing, organizing, and making sense of data from across the business to inform its trajectory ultimately, should be forced to use technology from generations ago.

At Mosaic, they believe that getting a real-time understanding of your financial health and strategically planning for the future shouldn’t be confusing or require manual labor.

The program combines with updated financial factors across the tools CFOs are previously using it. It combines artificial intelligence and machine understanding to help future forecast versions, enabling people to focus on their job’s strategic elements.

It is more significant than ever for CFOs and business leaders to adapt and plan for the future with speed and precision during this extreme uncertainty. Mosaic is correctly positioning to provide this superpower for the business.

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.

Atalanta Therapeutics Funded $110M for Neurodegenerative Diseases New Treatment Option

Neurodegenerative

Atalanta Therapeutics based in Boston, MA. Provider of biotechnology principles to create therapeutics for neurodegenerative diseases.

Atalanta Therapeutics was funded $110 million in Series A financing. F-Prime Capital provided the investment exclusively. Atalanta started meaningful collaborations with Biogen (Nasdaq: BIIB) and Genentech, a Roche Group member.

Atalanta founded to address the significant constraint for today’s RNAi therapeutics: the struggle of achieving distribution, ultimately the brain and spinal cord. Atalanta’s proprietary technology, named branched siRNA, licensed from the University of Massachusetts Medical School, based on over 30 years of research in RNA biology and its clinical applications.

Being part of Biogen’s strategic collaboration, Atalanta will develop RNAi therapeutics for multiple targets, including HTT, to treat Huntington’s disease and added unnamed CNS targets. Atalanta will be qualified to receive development and milestone payments on these programs and royalty payments on any producing products.

The strategic collaboration with Genentech entails developing RNAi therapeutics for multiple CNS targets for neurodegenerative diseases, including Parkinson’s disease and Alzheimer’s disease.

Alicia Secor, the President, and CEO of Atalanta, said the launch of Atalanta Therapeutics marks a hopeful new era for treating neurodegenerative diseases with several or no existing treatments. Patients, their caregivers, and society more commonly have an urgent need for improved therapies. Atalanta’s branched siRNA principles offer the promise to potentially leverage RNAi procedures in the central nervous system, starting a whole new class of diseases to RNAi intervention. It delights them to deploy this exciting technology with the end goal of delivering effective new therapies to patients.

Stacie Weninger, Ph.D., the President of F-Prime Biomedical Research Initiative (FBRI), said Atalanta’s founders, and strong preclinical data-position it for success. F-Prime is excited to included at this early stage of the company. She is looking forward to working collaboratively with Atalanta’s directors and management to improve our shared mission of pioneering new medication options for recalcitrant neurodegenerative diseases.

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.

AMP Funded $55M for New Recycling Application and Market Expansion

Recycling

AMP Robotics, the pioneering recycling robotics technology developer, based in Denver, CO., was funded $55 million in a Series B financing.

The investment led by XN with the participation of new investors Valor Equity Partners and GV.  The existing investor’s Sequoia, Sidewalk Infrastructure Partners, Congruent Ventures, and Closed Loop Partners.

The company plans to use the funds to escalate its business operations to meet its technology’s strong market demand. And advance innovative new AI product applications that combine into materials rehabilitation facilities to increase recycling rates for its customers. Expand its business reach as it works with consumer packaged goods (CPG) companies, like Keurig Dr. Pepper (NASDAQ: KDP).economy.

Matanya Horowitz, the founder of AMP Robotics, applies AI and robotics to expand recycling rates and economically secure recyclables reclaimed as raw materials for the global supply chain.

Horowitz said they were thankful for an outstanding group of new investors, a mission-driven team, and amazing customers. They are putting this next round of investment to work immediately to create a unique technology for the waste industry and consciously commit to decreasing society’s impact on the environment.

Globally, more than $200 billion worth of recyclable materials goes unrecovered yearly. The economics and capability of recognizing and classifying paper, plastics, metals, and other recyclables from the waste stream create a significant challenge for material recovery.

The waste industry has also faced more stringent international quality standards for contamination-free imports of recycled materials for cost-effective alternatives to meet these requirements in current years. Pandemic occurred many businesses forced to suspend recycling operations because of concerns for worker safety. Simultaneously, the pandemic increased demand for high-quality recycled feedstock to overcome supply chain interruptions and shifts in raw material availability.

AMP Robotics’ technology helps the waste industry meet these challenges by modernizing recycling improving material quality, ensuring worker safety, increasing productivity, lowering costs, diverting waste from landfills, and reducing greenhouse gas emission while increasing overall recycling rates recovery.

Gaurav Kapadia, the founder of XN, said, They are excited to partner with AMP as Matanya. The team continues to build an exceptional and category-defining business. AMP’s technology radically improves the economics and efficiency of recycling. It creates long-term, transformational value for customers, the economy, and the environment.

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.

Fluent Forever Funded $4.9M for Personalized Learning System

Learning

Fluent Forever Chicago, Illinois based. Developer company that uses a novel learning system to help its users master a new language faster.

Fluent Forever was funded $4.9 million in a Series A financing round led by Denver-based Stout Street Capital. Other investors took part in this round The Syndicate, LAUNCH, Mana Ventures, Novus VC, Flight VC, Insta VC, Up ventures, Firebrand Ventures, Cultivation Capital, Spero Ventures, and Lofty Ventures.

This company s a direct competitor to Duolingo, Babbel, and similar online language learning services. What sets it apart focuses on a personalized learning system that shows ear training, visual aids, and something akin to spaced-repetition for assisting you in memorizing unfamiliar words and phrases.

In his first languages, CEO Gabriel Wyner used the popular flashcard service Anki, wrote a book about his method, and taught classes on language learning to use his system with Anki. But as he noted, Anki is an essential tool, and only understanding how to get the highest out of it takes a lot of time and strength.

Then, Fluent Forever practices Wyner’s flashcard approach — because making those flashcards by hand is at the core of his learning system and turns it into a far-easier-to-use application.

Wyner is not hesitant to compare his method to Duolingo’s and shows that its concentrate on interpretation exercises does not interpret necessary language skills in the end. He openly acknowledges that the Duolingo user experience and gamification are far further than Fluent Forever. However, he also trusts that learners see far more excellent results with his system.

Fluent Forever currently supports nine languages: Japanese, French, Russian, Mexican and Spanish, Spanish, Italian, Korean, German, and Brazilian Portuguese, with Dutch being the next language the team is working on.

Looking ahead, Wyner says that Fluent Forever is looking at ways to bring live tutors into the loop. Live tutoring online has been done before, and some companies like Preply specialize in it already. Fluent Forever wants to join the online language learning service with quick live sessions and then use the online part to go back to the conversation over a week.

One benefit here is that these users will reasonably pay a premium for the live service and use their time with live tutors to create their personalized sentences in the Fluent Forever system, which could become content that’s available to all users.

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.

Dash System Funded $8M for Automated Airdrop Cargo

Cargo

DASH System, a Los Angeles-based technology company, is developing hardware and software to enable precision airdrop cargo deliveries.

DASH System was funded $8 million in Seed funding, the investment led by 8VC with Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain, and Mila Capital. 

The company will use the finance to grow its track in air cargo logistics and freight. By improving technology and hardware that allow for accuracy of airdrop deliveries to rural.  Train flying partners to safely and accurately launch cargo to all parts of the world and Increase partnerships with U.S. government entities to deliver cargo to rural parts of the world.

This company relies on three parts: flight control software, automated aircraft cargo handling systems, and the smart-cargo pods that allow for accurate and soft landings of packages. It’s that third step that Joel Ifill, founder, and CEO of Dash, thought could improved. With engineering knowledge and experience building guided bombs for the military, he felt an opportunity to apply some military’s point-to-point approach to the commercial sector.

DASH’s system inspired by defense technology and is a modern update to a longstanding and legal practice of airdrops repurposed for commercial and humanitarian use. DASH’s flight control software maps the delivery route. It commands the pilot on how to fly, simplify, and streamline the method. Suppose the aircraft arrives at the correct spot. In that case, DASH’s aircraft cargo handling system immediately issues the smart-cargo pods, which land securely and softly at the desired location. This approach falls within existing FAA regulations and has supported proof-of-concept tests in disaster relief and extensive use in the defense industry.

Jake Medwell, Founding Partner at 8VC, said DASH Systems solves delivering business packages at a section of both the cost and speed of standard services. Incredibly active in the logistics industry and several largest partners are excited to work with DASH. They have already on top engineers and talent quickly join the DASH team, which is an early sign that things are working and significant problems solved.

The company has been actively working with the Air Force Special Operations Command to develop a hyper-accurate airdrop tool for small payload deliveries. It plans to launch pilot operations in rural Alaska next year.

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.

Aware Funded $12M for Accelerating Digital Collaboration Technologies

Aware

Aware produces AI-enhanced controls and data governance for the popular digital collaboration and communication technologies usually used in remote work, based in Columbus, Ohio.

Aware was funded $12 million investment headed by New York-based Spring Mountain Capital with Blue Heron Capital and Allos Ventures and existing investors Draper Triangle Ventures, Ohio Innovation Fund, JumpStart, Rev1 Ventures, and JobsOhio.

The company was founded in 2017 and quickly penetrated the enterprise market by securing high-profile customers worldwide, including Wipro, AstraZeneca, Sun Life Financial, Farmers Insurance, Memorial Health System, and British Telecom.

With the enormous influx of remote work because of the pandemic, platforms like Slack, Microsoft Teams, and Workplace from Facebook are suddenly top-of-mind for organization leaders worldwide. Purpose-built for collaboration, Aware offers a unified view across many of these tools.

Aware continuously enriches the conversation data that flow through the tools with proprietary natural language processing (NLP) and AI models, providing organizational value and insights such as ongoing employee sentiment and commonly discussed themes.

Jeff Schumann, CEO, and Co-Founder of Aware, said they are excited to partner with investors who truly understand the opportunity that lives within this unique space. The conversation data found in technologies like Slack and Teams differ from anything IT teams have faced before–they include comments, replies, emojis, @ mentions, images, attachments, and so much more. Legacy systems just aren’t set up to properly handle this unstructured data set. With these tools only increasing because of an influx in remote work, we see an opportunity to provide the controls specific to this data set and leverage our proprietary. AI to derive a wealth of knowledge and insights that leaders will find invaluable as they embrace an alternative way of working.

Aware plans to use the funds to speed up go-to-market efforts, increase partnerships, grow its integration ecosystem, and support ongoing product research and development.

Jamie Weston, Managing Director of Spring Mountain Capital said, Aware is uniquely positioned to tackle today’s remote-work-first world with the team’s extensive background in understanding digital conversations. They solve an immediate risk and compliance need that many companies didn’t realize until the pandemic hit. Meanwhile, Aware continues to push the envelope using this data set and technology to add immense value back to the organization. It thrills them to partner with Jeff and the team on this next stage of the company.

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.

BioAge Funded $90M for Developing Treatments in Human Longevity

Developing

BioAge, Richmond, CA-based biotechnology company developing medicines to treat aging and aging-related diseases.

BioAge was funded $90 million in a Series C financing. Andreessen Horowitz and serial entrepreneur and angel investor Elad Gil led the investment. It included new investors: Kaiser Foundation Hospitals, AARP Foundation and Phi-X Capital, and Mostafa Ronaghi. Existing investors, including Caffeinated Capital, Redpoint Ventures, Pear Ventures, AME Cloud Ventures, Felicis Ventures, and others, also participated.

The first wave of longevity industry companies to reach clinical trials and large funding rounds focuses on the well-established methodology of small molecule development. Many are also platform companies that have developed approaches to speed up the expensive and time-consuming tasks of screening and designing small molecules.

Except for the small molecule senolytics companies, these treatments presently epitomize what the SENS Research Foundation folk would call “messing with metabolism,” a low alternative to targeting and fixing underlying aging causes.

This was messing with metabolism, usually finding a molecule that can provoke cells to undertake some repair and maintenance mechanisms that occur in response to exercise, calorie restriction, heat, cold, toxins, and other stresses. The outcomes in mice are usually no better than the benefits resulting from exercise or calorie restriction.

BioAge, the company leverages a platform that identifies crucial drug targets by using datasets to identify age-related pathology’s molecular drivers. BioAge’s list of therapies targeting these key pathways will focus on an aging population’s significant unmet medical needs.

Dr. Rubin, an expert biopharmaceutical drug developer, brings comprehensive experience from early discovery, late-stage development, and the latest drug approvals across a wide variety of beneficial areas in global geographies.

Dr. Rubin said that he thrilled to be leading the BioAge clinical development team. The first two drugs from our pipeline are ready to begin Phase 2 trials in indications targeting serious conditions in elderly populations that presently have no excellent therapeutic options.

An essential aspect of their strategy is to initiate efficient human clinical trials that will demonstrate that their drugs can address age-related deficiencies in acute conditions, which may expedite approval and serve as a gateway to treating chronic diseases, resulting in healthy aging.

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.

Materialize Funded $40M for Real-time Streaming

Streaming

Materialize, a New York City-based streaming SQL database startup company built on top of the open-source Timely Dataflow project.

Materialize was funded by a $32 million Series B investment led by Kleiner Perkins. Follows an $8 million Series A last year led by Lightspeed Venture Partners, bringing the total funding to $40 million.

The company plans to use the investment to grow its engineering team, prepare the business for growth, and extend product rollout.

These firms see a reliable founding team that includes CEO Arjun Narayan, formerly of Cockroach Labs, and chief scientist Frank McSherry, who created the Timely Dataflow project on which the company based.

At Materialize, they consider it will soon be essential for all information to be always up-to-date at every business. Whether it’s delivering personalized experiences, accurately identifying fraud, building predictive AI, or discovering new business opportunities. The ability to run complex queries on multiple streams of data and keep their answers up to date is critical to making better decisions about the changing world.

Materialize is the first standard SQL interface for streaming data available to engineers looking to build complex queries and multi-way joins without specialized skills or microservices. Unlike other streaming data platforms that claim to be real-time, Materialize computes and incrementally maintains data as generated, so query results are accessible the moment it needs them. This approach provides businesses with correct answers in milliseconds – without interference from late-arriving data.

Bucky Moore, the partner at Kleiner Perkins leading the B round, sees this standard querying ability as a vital part of the technology. He said, Materialize unique ability to provide SQL over streaming data solves the problem, laying the foundation for them to build the industry’s next great data platform.

With this new funding series, they equipped to deliver on an ambitious roadmap, including a fully managed cloud service with tiered storage and replication. Narayan is also excited to broaden the SQL suite. They support and invest in a SQL optimizer, performance and benchmarking work, and making Materialize more flexible and battle-tested.

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.

Boulevard Funded $27M for Salon’s Platform Expansion

Salon

Boulevard is a salon and spa management platform created to facilitate operations, boost sales, and satisfy customers. It establishes this company in Los Angeles, California, in the year 2016.

Boulevard was funded $27 million in Series B funding despite a business slowdown caused by the pandemic.

Index Ventures and Toba Capital led the funding, with VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup. They plan to expand their team and platform to serve further their small, medium, enterprise, and franchise partners with these funds.

Matt Danna and Sean Stavropoulos started Boulevard. Stavropoulos’s inability to book a haircut and Danna’s feeling that salons and spas’ failure to cater to customers like the busy programmer could show a more significant problem inspired this company.

To resolve a pain point they had experienced personally. They wanted to streamline the client experience at salons and eliminate inconveniences like calling to make appointments or carrying cash for gratuity. After doing door-to-door research, they learned just how underserved salons were by the technology available to them. Even though they were outsiders to an industry that they had only engaged with as consumers and believed they could create something better.

In time, they saw that other appointment-based businesses also faced the challenges salons experienced like spas, nail salons, and medispas. That realization led Boulevard’s mission to develop into something more significant—to modernize the technology powering salons and spas while improving the daily lives of professionals and the clients they serve. 

According to data provided by the company, Boulevard is giving businesses a boost. On average, enterprises increase bookings by 16%, retail revenue jumps by 18%, and gratuity paid out to stylists jumps by 24% for businesses that use Boulevard, the company said. It also reduces no-shows and cancellations and halves time spent on the phone.

Customers using the company’s software include Chris McMillan the Salon, Heyday, MèCHE Salon, Paintbox, Sassoon Salon, SEV Laser, Spoke & Weal, and TONI&GUY. Boulevard now has 90 employees and will increase that number as it continues to expand across the country.

Patrick Mathieson of Toba Capital said the secret to this company’s success has always been putting its customers first, no matter what the economy is. Also, he said, not many companies can more than double their customer count during a period when the entire industry is temporarily closed for business. Boulevard is an excellent company, and it delights them to be invited aboard for the journey.

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.

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