VC funding: Lemonade, Flexa, Rasa, Flyreel, Armis

Technology companies such as Flexa, Rasa, Flyreel, Armis, Mavenlink, Affectiva, Kyriba, Lemonade, among others, announced their latest VC funding rounds.
VC funding in technology cos

Flexa, a payment network uniting retail and blockchain technologies, has raised $14.1 million in funding, led by Pantera Capital, 1kx, Nima Capital, Access Ventures, and other strategic partners.


Rasa, the open source company that enables developers to build contextual AI assistants, has raised $13 million Series A funding round led by Accel, with participation from existing investor Basis Set Ventures and new angel investors and entrepreneurs across AI, enterprise automation and open source.


Flyreel, an Artificial Intelligence (AI) solution provider for property insurance, has raised $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund. Its existing investors include State Auto Labs Fund and Donan.


Armis, an IoT security company, has raised $65 million in Series C funding — led by Sequoia Capital, with participation from Insight Venture Partners and Intermountain Ventures. Bain Capital Ventures, Red Dot Capital Partners, and Tenaya Capital also participated as return investors. Armis’s total funding reached $112 million.


Mavenlink, a provider of cloud-based software for the modern services organization, has raised $48 million in Series E financing led by existing investors, Carrick Capital Partners and Goldman Sachs Growth Equity.


Affectiva, a provider of AI solutions, has raised $26 million in funding — led by Aptiv, as well as Trend Forward Capital, Motley Fool Ventures and CAC. Affectiva raised a total of $53 million.


Kyriba, a cloud treasury and finance solutions provider, has raised $160 million growth investment round led by Bridgepoint.


Lemonade, the insurance technology company, has raised a $300 million Series D funding round led by SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital.


Customer lifecycle management platform CleverTap has raised $26 million in Series B funding — led by Sequoia India with participation from new investor Tiger Global and existing investor Accel.