Several tech startups — Monto, Credo AI, WorkJam, Raad Labs, Gradient AI, among others, have announced their venture capital funding to bolster innovation and business growth.
Monto raises $9 mn
Monto, an AI connector designed for any ERP, has raised $9 million in seed funding.
The VC funding round was led by Scale Venture Partners with participation from Verissimo Ventures, F2 Venture Capital, Firsthand Alliance and Room40 Ventures.
Monto will use the funding for its U.S. expansion and advance its technology to make the collection of B2B payments.
Credo AI raises $21 mn
Credo AI, a leader in AI governance software, has raised $21 million in new capital from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures with participation from existing investors Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund.
WorkJam raises $20 mn
WorkJam, a leading digital frontline workplace, has received a $20 million investment from Export Development Canada to expand its international operations.
Some of the clients of WorkJam in the EMEA region include Marks & Spencer and Metro Digital.
Raad Labs raises $2.25 mn
Raad Labs, a blockchain climate tech company, has raised $2.25 million in a financing round led by CoinFund with participation from Tribe, EV3, and Protagonist.
Raad Labs improves climate data measurement and forecasting by deploying a distributed network of sensors through a DePIN model.
Lineaje raises $20 mn
Lineaje, a leader in software supply chain security management, has raised $20 million in a Series A funding round led by Prosperity7 Ventures, Neotribe, and Hitachi Ventures, alongside existing investor Tenable Ventures.
Gradient AI secures $56 mn
Gradient AI, a leading enterprise software provider of artificial intelligence solutions in the insurance industry, has raised $56.1 million in a Series C funding.
The VC funding round was led by Centana Growth Partners, with participation from existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.
Gradient AI will use the funds used to support product development, drive innovation and efficiency in the insurance industry.
