VC funding: Clip, Nota AI, Gynger, unitQ, SurrealDB, Finaloop

Technology companies such as Clip, BillionToOne, Gynger, unitQ, MeetRecord, Peak3 (ZA Tech), Vehya, Promaxo, SurrealDB, Legato Security, Nota AI, SewerAI, Hark, Finaloop, Autify, Constructor, TIER IV, GPTZERO, Learn to Win, among others, have raised funds from venture capital firms.

VC funding for tech

BillionToOne

BillionToOne, a molecular diagnostics company, has raised $130 million in a Series D round.

The VC funding was led by Premji Invest, with significant participation by another incoming investor, Neuberger Berman, as well as by existing investors, including Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years.

BillionToOne will use the funding for expanding and scaling BillionToOne’s prenatal and oncology businesses.

BillionToOne’s unique technology, Quantitative Counting Templates (QCTs), enables counting DNA molecules with single base-pair precision. The technology enabled BillionToOne to develop tests that create new possibilities in molecular diagnostics. Over 500K patients have received BillionToOne tests to date, and BillionToOne has grown to $125 million ARR in the last four years.

Gynger

Gynger, the first embedded financing platform for technology purchases, has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

Gynger will use the VC funding to scale its team and operations and accelerate its vision of transforming its embedded financing platform into a full-scale payments solution for buying and selling of technology.

Gynger secured a debt facility from CIM (Community Investment Management) with an agreement to fund up to $100 million. The new facility will enable Gynger to scale its financing of technology spend to meet increasing customer demand.

unitQ

unitQ, a leading AI-powered customer feedback platform, has received funding from Zendesk Ventures.

Zendesk Ventures has invested in unitQ as part of its strategy to back AI-first companies focused on enhancing customer and employee experiences.

MeetRecord

MeetRecord, a leading Revenue Automation Platform designed for the service sector, has raised $2.7 million in Pre-Series A funding. This investment round was led by SWC Global, a venture capital fund based in Singapore, with additional support from existing investor All In Capital.

MeetRecord’s platform utilizes AI to analyze conversation data across various communication channels, such as emails and calls. This allows the company to offer personalized coaching programs and implement automated call-scoring systems that saves time and improves efficiency significantly.

Peak3

Peak3 (ZA Tech), an insurance core system SaaS provider, has raised $35 million in a Series A fundraising from EQT (lead investor) and Alpha JWC Ventures.

Peak3 will the VC funding for the expansion in the EMEA region and investments in complementary data and AI solutions.

Peak3’s customers and technology partner include insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. Peak3 has also partnered with digital platforms such as Carro, Grab, Klook, and PayPay to build their embedded insurance businesses.

Vehya

Vehya, a mobile app for automating the installation, repair, and maintenance processes for home and small business services, has raised $2.1 million in a seed funding round.

Vehya will use the VC funding to enhance the platform’s AI capabilities, expand its service offerings, and accelerate growth in key markets like California, Texas, Florida, Maryland, and Michigan.

The seed round was led by Community Reinvestment Fund, USA (CRF), with participation from other investors.

Promaxo

Promaxo, a leading US-based developer of portable low-field MRI systems and minimally invasive robotics, has received VC funding from Zynext Ventures, the venture capital (VC) arm of Zydus Lifesciences.

Promaxo’s innovative technology aims to enable point-of-care imaging and intervention. Its portable low-field MRI systems enable  diagnosis and treatment in a wider range of healthcare settings. The portable Promaxo MRI system is the first in the USA to receive an FDA 510(k) clearance for prostate biopsy and treatment.

Clip

Clip, a digital payments and commerce enablement platform in Mexico, has raised $100 million from investment funds managed by Morgan Stanley Tactical Value (MSTV).

Clip’s software and hardware enable SMBs to grow their business by accepting digital payments, selling online, obtaining credit and simplifying their operations.

Clip will use the VC funding to accelerate product development initiatives.

SurrealDB

SurrealDB, a provider of multi-model database, has raised $20 million in a VC funding round led by FirstMark and Georgian with participation from Crew Capital and Alumni Ventures. SurrealDB has raised $26 million to date.

Legato Security

Legato Security, a Managed Detection and Response (MDR) and Managed Security Services Provider (MSSP) based in Salt Lake City, Utah, has received a capital investment to support its strategic growth. The round was led by Level Structured Capital (an affiliate of Level Equity) and SageLink Capital.

Nota AI

Nota AI, a South Korean startup specializing in AI optimization, has raised $19.9 million in its Series C funding round.

Nota AI has raised $42.6 million to date.

The VC funding round was led by STIC Ventures and LB Investment, with new investments from STIC Ventures, Korea Development Bank, and Mirae Asset Securities. Existing investors Stonebridge Ventures, LB Investment, InterVest, and DS Investment Partners also contributed additional funds, alongside a key AI semiconductor CVC participating as a strategic investor.

Nota AI plans use the VC funding to recruit top AI optimization talent and enhance collaborations with global AI semiconductor companies to expand its business.

SewerAI

SewerAI, a leader in AI and cloud-driven sewer condition assessment, has raised $15 million in Series B funding round.

The VC funding round was led by Innovius Capital, with additional funding from Emerald VC, Epic Ventures, Suffolk Technologies, Bentley Systems, Burnt Island Ventures and individual investors including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.

SewerAI will use the VC funding to expand its engineering and go-to-market teams, improve AI training, expand its product offering and scale operations.

Hark

Hark, a Voice of Customer (VoC) platform, has raised $3.5 million in a seed round, led by Oceans Ventures.

Converge VC, Atman Capital, Alumni Ventures, BDMI Fund, Tenzing Capital and strategic angel investors also participated in the seed round.

Hark will use the VC funding round to drive its go-to-market strategy and build out additional features of the platform.

Finaloop

Finaloop, the real-time e-commerce accounting platform, has raised $35 million in a Series A round from venture capital companies.

Lightspeed Venture Partners led the VC funding round with participation from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph.

Finaloop has raised $55 million to date.

Finaloop will use the VC funding to invest in its AI-driven e-commerce accounting software automation, its inventory management capabilities, as well as to expand its go-to-market and partnership efforts with accounting firms and data-driven marketing agencies.

Autify

Autify, an AI platform for quality engineering, has raised $13 million in a Series B funding round from leading venture capital firms.

The VC funding round is led by Globis Capital Partners and LG Technology Ventures.

Existing investors WiL (World Innovation Lab), Salesforce Ventures, Archetype Ventures, and Uncorrelated Ventures also participated in the round.

Autify has also released a beta version of Zenes, an autonomous AI agent for software quality assurance.

Constructor

Constructor, the leading AI-powered product discovery and search platform for enterprise ecommerce companies, has raised $25 million in a Series B round.

Constructor raised more than $85 million to date.

Sapphire Ventures led the VC funding round with participation from existing investor Silversmith Capital Partners.

Constructor will use the VC funding to accelerate product development and innovation — applying the clickstream-based AI to improve ecommerce product discovery.

TIER IV

TIER IV, a provider of open-source software for autonomous driving systems, has raised $132 million in a Series B funding.

TIER IV has raised $243 million to date.

TIER IV will use the VC funding for launching the production of Level 4 autonomous driving systems, leveraging TIER IV’s advanced software platforms and reference designs.

GPTZERO

GPTZERO, a platform for AI-generated content detection, has raised $10 million in Series A funding led by Footwork VC with participation from Reach Capital, Uncork, Neo, Alt Capital, and the former CEOs of Reuters and the NYT.

Canary Technologies

Canary Technologies, a provider of hotel management technology, has raised $50 million in a Series C funding round.

The round was led by Insight Partners with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.

Canary raised nearly $100 million to date.

Canary is supplying its hotel management technology to more than 20,000 hoteliers across the globe including brands such as Wyndham, Marriott, Hilton, Four Seasons, and others.

Learn to Win

Learn to Win, a provider of enterprise training software, has raised $30 million in a Series A funding led by the Westly Group, with participation from Norwest Venture Partners and Pear VC.

Learn to Win’s software platform utilizes data analytics and AI to personalize and optimize learning effectiveness. Learn to Win’s customers include the U.S. Navy, the U.S. Air Force, Novartis, AbbVie, and sports teams such as the Los Angeles Rams and the University of Michigan football team.

InfotechLead.com News Desk

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