VC funding: Ario, CData Software, iVerify, Zuub, Nickelytics

Several startups have raised VC funding from venture capital companies to fund their expansion and fuel their growth strategy.

VC funding for tech

Ario raises $16 mn to tackle invisible labor with AI

Ario, the AI-powered assistant for parents, has raised $16 million in a seed funding round from investors including Wing Venture Capital, Floodgate, Bain Capital Ventures, Moxxie, and prominent angels.

CData Software raises ~$350 mn in growth funding

CDataSoftware, a provider of data connectivity solutions, has raised approximately $350 million in growth capital from Warburg Pincus, with participation from Accel.

CDataSoftware will use the funding to accelerate its investments in building innovative data integration solutions for customers. Updata Partners, the sole investor in CData’s Series A in 2020 and Series B in 2021, will remain a significant investor.

Over 7,000 organizations, including Office Depot, Holiday Inn, and FedEx, use CData to solve data connectivity challenges.

iVerify raises $12 mn to transform mobile security

iVerify, a provider of mobile EDR solutions, has raised $12 million in a Series A VC funding round led by Shine Capital with participation from Exponential Founders Capital, Mischief Ventures, Box Group, Parameter Ventures, Talons Ventures, and Trail of Bits.

iVerify will use funding to scale the company’s go-to-market operations and bring the full potential of mobile EDR – including automated response and remediation capabilities – to the Fortune 100. iVerify raised more than $16 million to date.

Zuub raises $9 mn

Zuub, a provider of dental Revenue Cycle Automation, has secured $9 million in Series A funding led by Vertical Venture Partners with participation from existing investors Bonfire Ventures and MTech Capital.

Zuub’s AI-powered automation solutions streamline dental practice operations, particularly in insurance verification. They integrate with existing Practice Management Systems, offering automated insurance verification, patient statements, treatment planning, and patient financing features.

Nickelytics raises funding from Innosphere Ventures Fund

Innosphere Ventures Fund has closed investment in Nickelytics, a provider in driving measurable ROI through integrated out-of-home (OOH) and digital advertising solutions.

This strategic partnership aims to accelerate Nickelytics’ growth and enhance its innovative advertising platforms. Nickelytics offers brands and agencies impactful advertising solutions through car wraps, sidewalk robots, and other cutting-edge OOH products.

IGM Technology receives growth investment from Lead Edge Capital

IGM Technology, a provider of financial software to state and local governments, has received  a strategic growth investment from Lead Edge Capital, a global growth equity firm.

This strategic investment represents the company’s first institutional capital raise and the funding will help accelerate growth through investments in product and operations.

IGM supplies its cloud-based platform, Gravity, to governments and enterprises to comply with complex regulatory reporting and transparency requirements.

Crossover Markets raises $12 mn

Crossover Markets, a digital asset technology firm focused on meeting the liquidity requirements of institutions, has raised $12 million in its Series A funding round led by Illuminate Financial (Illuminate) and DRW Venture Capital (DRW VC).

Illuminate and DRW VC join a growing list of strategic investors that includes institutions such as Flow Traders, Laser Digital, Two Sigma, Wintermute, and retail brokers such as Exness,, GMO,  Pepperstone, Trademax and Think Markets.

Crossover will use proceeds to expand its role as the leading ECN in digital assets and bring 24/7 trading to additional asset classes.

Healcisio receives phase II STTR funding for Critical Care AI Research

Healcisio, a provider of AI and digital healthcare, has received a $1 million STTR Phase II funding from the NIAID to advance the development of its critical care decision support platform and a new AI-powered software suite for abstracting and reporting quality measures.

SoSoValue raised $4.15 mn seed funding to lead AI-driven crypto investment research

Singapore-based crypto financial research startup SoSoValue has closed a $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs.

This investment will propel the development of SoSoValue’s AI-driven data services and expansion.

Clariti raises $10 mn in growth capital from CIBC Innovation Banking

Clariti, a provider of community development solutions for North American local governments, has raised $10 million in growth capital from CIBC Innovation Banking.

Clariti will use the funding to accelerate the development of new product features, support the ongoing integration of permitting technology provider Camino, which was acquired by Clariti in 2023. Clariti will make investment in customer service teams to support the company’s customers across North America.

Clariti is used by many local governments across Canada and the United States. The cities of Albany, NY, and Honolulu, HI, recently announced selecting Clariti to simplify and modernize their planning and permitting processes.

City of Tampa, FL launched Clariti’s Camino Guide to help customers quickly identify the permits they need and the steps to submit their applications correctly.

Clariti also recently received an investment of $18 million by Vistara Growth that in combination with CIBC Innovation Banking will accelerate growth across the company. News Desk

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