Tech funding: Getty Images, PASS Technology, Prose

Technology companies such as Getty Images, PASS Technology, Prose, Detect Technologies, Perpule, Engineer.ai, CleanseCar and Biizlo, among others, have announced their latest funding rounds.
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Getty Images

Getty Images will receive $500 million non-controlling preferred equity investment from Koch Equity Development (KED), the investment arm of Koch Industries.

The Getty family continues to retain control over Getty Images following its acquisition of controlling interest from the Carlyle Group earlier this year. Consistent with its 2017 financial investment in support of Meredith’s acquisition of Time Inc., KED will have no input into Getty Images content or editorial coverage.

PASS Technology

PASS Technology, the background checking and regulatory technology group, raised £3.25 million financing from existing shareholders. The £3.25 million investment brings the total amount invested in PASS over the past three years to £9.5 million.

Prose

Prose, a technology-powered beauty company, closed $18 million Series B financing round led by Insight Venture Partners with participation from existing investors, Forerunner Ventures, ISAI, Lerer Hippeau Ventures and Correlation Ventures, bringing its total funding to $25 million.

Detect Technologies

Detect Technologies, an IITM-incubated Internet of Things (IoT) start-up, has raised $3.3 million in a Series A funding round led by SAIF Partners. Bharat Innovation Fund, existing investor Axilor Ventures and BlueHill Capital, besides members of the Keiretsu Forum participated in this funding.

Perpule

Bengaluru-based Perpule, a retail technology company, has raised $4.7 million in a Series A round from Prime Venture Partners, Kalaari Capital and Venture Highway.

Engineer.ai

Engineer.ai, which develops human-assisted AI platform that helps build digital products, has raised $29.5 million in a Series A round, from Lakestar, Jungle Ventures and SoftBank’s DeepCore.

CleanseCar

Venture Catalyst has invested Rs 3.5 crore in CleanseCar, a mobile-based car service start-up.

Biizlo

Biizlo, a mobile-app based home security management solution, has raised Rs 3.5 crore in an angel round from the Mumbai-based Eagle Group.

Censys

Censys, a provider of Internet security data, announced its $2.6 million Series Seed round — led by GV and Greylock Partners.

MPOWER Financing

MPOWER Financing, a fintech company and provider of educational loans to international and DACA students, has completed its funding round with $110 million in new financing. This latest round was led by Gray Matters Capital and Community Investment Management (CIM).

ModoPayments

ModoPayments (Modo), the payments technology startup focused on reducing friction in payments, announced the completion of over $13 million Series A financing – bringing the total amount of funding to over $16 million. Investors in the latest round include Deutsche Bank as well as other strategic and angel investors in addition to returning investors from previous seed rounds.

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