Tech startups — ReliaQuest, Retym, Persefoni AI, Temporal Technologies, Kay.ai, Chef Robotics, among others, have announced their venture capital funding to bolster innovation and business growth.
ReliaQuest Secures over $500 mn
ReliaQuest secured over $500 million in funding, led by EQT, KKR, and FTV Capital, with participation from Ten Eleven Ventures and Finback Investment Partners, valuing it at $3.4 billion. The investment fuels AI-driven cybersecurity automation and international expansion. Since 2020, its Annual Recurring Revenue has grown fourfold to $300 million, with 30 percent year-over-year growth.
Retym Raises $75 mn
Retym emerged from stealth with $180 million, including $75 million in Series D funding led by Spark Capital. Specializing in programmable coherent DSP solutions for AI infrastructure, Retym enhances AI data center transmission. Investors Kleiner Perkins, Mayfield, and Fidelity Investments joined. The funding supports scaling to production and advancing AI-driven network bandwidth solutions.
Persefoni AI Raises a $23 mn
Persefoni AI has raised a $23 million Series C extension, totaling $179 million in funding. Investors include a European luxury fashion house, TPG Rise, Rice Investment Group, Clearvision Ventures, NGP Energy Technology Partners, Prelude Ventures, and CEO Kentaro Kawamori. Persefoni’s AI platform aids companies and financial institutions in carbon footprint management.
Temporal Technologies Secures $146 mn
Temporal Technologies secured $146 million in Series C funding at a $1.72 billion valuation. Led by Tiger Global, with StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, and 137 Ventures. The funding accelerates Temporal Cloud development and expands AI applications, enhancing reliability, security, and usability.
Kay.ai Raises $3 mn
Kay.ai raised $3 million to advance AI co-worker technology for automating insurance data entry. Wing VC led the round, with South Park Commons, 101 Weston Labs, and angel investors participating. Kay.ai’s AI surpasses traditional RPA tools, enabling workflow automation for submissions, renewals, and servicing.
Chef Robotics Secures $43.1 mn
Chef Robotics secured $43.1 million in Series A funding, including $20.6 million in equity and $22.5 million in equipment financing debt. Led by Avataar Ventures, with investments from Construct Capital, Bloomberg Beta, Promus Ventures, MFV Partners, Interwoven Ventures, HCVC, MaC Venture Capital, Red and Blue Ventures, Tau Partners, Alumni Ventures, Siddhi Capital, and BOLD Capital Partners. The funding expands AI-enabled meal assembly through a Robotics-as-a-Service model, reducing capital expenditures for customers.
InfotechLead.com News Desk
