Sourced Group, Numerated, WaveOptics, Neusoft Holdings, among others, announced their VC funding or investment.
Sourced Group (Sourced), a global IT consultancy, has raised CAD $20 million financing – led by Toronto-based Round 13 Capital with participation from Comerica Bank and HSBC.
Numerated, the bank technology company powering the digital transformation of relationship banking, has closed a $15 million in Series B investment — led by Patriot Financial Partners, with existing investors including Venrock, FINTOP Capital, and Hyperplane.
WaveOptics, a designer and manufacturer of waveguide displays, the key optical component used in Augmented Reality (AR) wearables, has raised $39 million in Series C funding round – led by existing investor Goertek and new investor Hostplus.
China’s search engine giant Baidu will invest 1.44 billion yuan or $202 million in artificial intelligence firm Neusoft Holdings, with a view to collaborate in sectors such as smart cities and healthcare.
6 River Systems
Hopify would buy warehouse technology provider 6 River Systems for about $450 million, as it looks to accelerate growth of its fulfillment network. Shopify unveiled plans in June to spend $1 billion to run a warehousing network in the United States to take on the likes of Amazon.com and eBay.