Tech startups such as Concentric AI, Sociaaal, Infinitus Systems, OLOID, Mave, among others, announced their VC funding from venture capital companies.
Mave Secures CAD$2 mn
Mave, an AI assistant designed to streamline tasks for real estate agents and brokers, has raised CAD$2 million in a pre-seed funding round.
This investment was led by Relay Ventures and N49P, with additional support from Alate Partners, Clarim Ventures, and Gambit Partners, as well as several angel investors, including a former Toronto Real Estate Board president.
The funding will be used to accelerate product development and refine the beta program. Mave’s AI assistant is designed to enhance productivity by handling administrative tasks, enabling agents to focus on client relationships and deal management more efficiently.
Concentric AI Raises $45 mn
Concentric AI, a provider of autonomous data security posture management, has closed a $45 million Series B round led by Top Tier Capital Partners and HarbourVest Partners, with participation from CyberFuture and existing investors Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures.
With this latest funding, Concentric AI plans to enhance its go-to-market strategies, drive advancements in AI-based data security governance, and solidify its position as CyberFuture’s preferred DSPM vendor.
Sociaaal Secures $4 mn
Sociaaal, a mobile app studio focusing on non-gaming apps for Gen Z, has announced a $4 million investment from Braavo Capital.
This funding will accelerate the company’s expansion in publishing, app acquisition, and marketing efforts. Sociaaal’s AI-powered Dreamwise app, which allows users to record and analyze their dreams, signaling the company’s intention to integrate cutting-edge AI technology into user-focused products.
Infinitus Systems Raises $51.5 mn
Infinitus Systems, a provider of AI-driven healthcare communication, has secured $51.5 million in Series C funding.
The round was led by Andreessen Horowitz, with participation from Memorial Hermann Health System, alongside existing investors Kleiner Perkins, Coatue, and GV (Google Ventures). This brings Infinitus’ total raised funds to $102.9 million.
This new capital will be used to scale AI-based solutions and continue developing healthcare technologies that streamline administrative tasks and improve operational efficiency.
OLOID raises $6 mn
OLOID, an innovator in workplace identity management, has raised $6 million in a Series A1 funding round led by Yaletown Partners, alongside Exposition Ventures, George Kaiser Family Foundation, Carya Ventures, and existing investors.
The funding will drive OLOID’s efforts to modernize access and identity management for deskless workers through its multi-modal biometric authentication platform, which integrates seamlessly with existing systems, providing enhanced security without expensive overhauls.
