Netography Funded $45M for New Technology in Security Network and Expansion of Sales

Network

Netography is an Annapolis, Maryland-based security company providing organizations with network detection and response. The company’s program leverages existing network project data presented by network devices, joined with cloud processing, software, and algorithms. To identify fresh signs of an attack and automatically respond, enabling clients to stop network attacks and threats before they begin and maintain security.

Netography was funded $45 million in Series A funding, led by Bessemer Venture Partners and SYN Ventures, with existing investors Andreessen Horowitz, Mango Capital, Harpoon Ventures, strategic angel investors, and Wing Venture Capital.

Will apply the company’s new capital approaching new technology innovations and improvements, channel development, and sales.

Netography claims its cloud-native software-as-a-service (SaaS) NDR is the only product built to protect what it calls the “atomized” network — the complex mix of multi-cloud, on-premises, and legacy infrastructure that comprise most enterprise networks today.

The company’s technology uses, runs, and scales utilizing the full power of the cloud without offering additional physical or virtual sensors or appliances to operate and without the challenges of heavy full packet capture and deep packet inspection solutions.

Patrick Heim, the managing partner at SYN Ventures, said that several organizations have struggled to preserve visibility and control as the network grows and slowly goes dark through the broad adoption of encryption. He told the Netography team has cracked the code on delivering next-gen network security capabilities that overcome these challenges.

The company has recently seen strong traction, signing customers in the federal government and defense, aerospace and travel, financial services, utilities, and manufacturing verticals.

According to Roesch, adopting the zero-trust model of security with its accompanying utilization of pervasive network encryption requires rethinking how the delivery of network security capabilities in today’s atomized networks.

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.

Point One Navigation Funded $10M To Develop the Mapping System for Automotive Vehicles

System

Point One Navigation is a developer of a location and mapping system designed to assist automotive vehicles. The San Francisco-based startup has developed an API for the precise location applicable to any vehicle that moves, from urban air taxis and drones to scooters, ADAS-equipped vehicles, autonomous vehicles, and even farm equipment.

Point One Navigation was funded $10 million Series A round of funding. UP Partners led the new investment with participation from existing investors, including BOLT, IA Ventures, Ludlow Ventures, and strategic angel investors.

The company plans to employ the investment to expand operations, develop more automotive mapping systems and its business reach.

Point One Navigation’s API is a helpful solution for automotive OEMs, trucking companies, drone manufacturers, heavy equipment, delivery services, and consumer electronics that rely on precise locations for safe and effective operation. The company’s technology enables centimeter-level global accuracy by combining augmented GNSS, computer vision, and sensor fusion in a powerful yet easy-to-use API compatible with a wide variety of existing platforms.

The co-founder and managing partner of UP Partners, Ben Marcus, said Precise location is vital for safe and effective operations across all areas of mobility and transportation – from automobiles and drones to trucks and heavy machinery. The team at Point One Navigation is solving a real challenge, combining unparalleled technical chops with proactive solutions for the quickly evolving moving world.

Today, Point One’s product begin shipping about a year ago, is in series production with two unname automotive customers. Point One can deploy this tech as a software product in these automotive applications since new vehicles today have the hardware already required. Point One might also need to include a chipset with other customers, like, a scooter company.

The company initially focus on automotive, including being apply to Level 2 advanced driver assistance systems. However, the 20-person company is now focusing on expanding to new segments, including micro-mobility. Point One also has production deals with agriculture customers as well in the drone delivery section.

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.

NeuraLight Funded $5.5M to Develop Advance Drug for Neurological Disorder

Neurological

NeuraLight is a developer of neurology software intended to help patients affected by neurological disorders. The company is based in Austin, Texas, and Tel Aviv, Israel. This platform offers a proprietary, de-identified oculometric database to attain subpixel resolution using just a standard smartphone or webcam. Enabling clinicians with neurological screening, diagnosis, and care is highly personal and dependent on hand-operated examination with many signs and symptoms that are non-trivial to extract.

NeuraLight was funded $5.5 million led by Breakstone, with Operator Partners, MSAD, VSC Ventures, Kli, Tuesday, and Angel investors include Instacart CEO Fidji Simo, Clover Health CEO Vivek Garipalli, and Noam Solomon, the CEO of Immunai.

The new seed funding intends to advance drug development for neurological disorders and decrease development costs. The company also strives to help pharma companies reduce their time for drugs to enter the market.

NeuraLight aims to support people experiencing neurological disorders by digitizing neurological evaluation and care. Breakstone and Benami have hired talent from the research and pharmaceutical industries.

The team has developed a platform that automatically extracts microscopic eye movement measurements as reliable digital endpoints for neurological disorders. In addition, the platform can remove light and movement from videos using AI and machine learning to get a more precise video. The forum is ultimately meant to help accelerate clinical trials and increase the probability of prospective therapies for Parkinson’s, Multiple Sclerosis, Alzheimer’s, and other neurodegenerative diseases.

Breakstone says there aren’t numerous contenders within that term and that those that do need dedicated devices, such as camera eye-trackers and pupilometers. He notes that NeuraLight, aside from these companies, is that its platform only relies on video from a regular smartphone or webcam. The company has presented a passing patent to protect the technology that it’s developing.

NeuraLight records that more than 1 billion people globally suffer from neurological disorders. Unfortunately, current neurological evaluation is highly subjective and depends on a manual examination of symptoms, which is why pharmaceutical companies haven’t had practical tools to develop precise therapies.

Breakstone said they want to transform neurology entirely and allow the new generation of drugs to be developed. So, we made sure to hire and bring on people that care about changing the environment and want to help us create an iconic company that will transform the way neurological care evaluation is done today.

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.

Selfbook Funded $25M to Expand Fintech Partnership and Payment System

payment

Selfbook is a developer of a hotel payment software startup based in New York. The company’s platform empowers hotels to accept a one-tap payment system. They are supporting all global credit and debit card brands and digital wallets, and alternative payment methods. It removes barriers to direct bookings, enabling hotels to drive better conversions, capture mobile bookings, boost revenues, and unify the payment flow by effortlessly connecting all their existing reservation systems. As a result, the customers have the easiest and safest way to pay for a hotel stay.

Selfbook was funded $25 million, which values the company at $125 million and raises its total funding to $30 million. This new investment led by Tiger Global Management, Valia Ventures, Fin Venture Capital, early Stripe employee turned investor Lachy Groom, and strategic angel investors participated in the financing.

The new financing intends to use additional hiring employees to expand partnerships with fintech partners and existing hospitality systems.

Selfbook, launched in April 2021, enables hotels to accept one-click payments directly on their websites while eliminating fraud and reducing chargebacks. The proprietary software streamlines the payment process for hotels by supporting Apple Pay, Google Pay, and PayPal as traditional credit and debit cards.

This company also groups multiple services such as restaurant reservations, spa appointments, and activities into a single payment flow to drive upsells and increase revenue quickly. The startup has seen a “10x” increase in Selfbook users using single sign-on and digital wallets in the past six months. Additionally, 67% of bookings were using digital wallets on mobile.

With today’s consumers expecting and relying on mobile and digital wallet payments, Selfbook gives hotels new opportunities to recover from the pandemic’s destructive effects. This performance driven by a modern, secure, and unified payment experience that encompasses new values travelers have now come to expect — simplicity, flexibility, and privacy.

Alex Cook, Partner in Tiger Global, said they are excited to back the Selfbook team as they modernize the hospitality system experience, increase conversion for hotel operators, and improve guests’ booking experience. In addition, they believe Selfbook well-positioned to rapidly grow share based on the positive customer feedback and a robust pipeline of hotel 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.

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.