VC funding: SynergySuite, Lumina, Stratasan, Kyndi

SynergySuite, Lumina, Stratasan, Kyndi, Grasshopper Bank, TrustArc, Near, Akash Systems, among others, announced their latest VC funding from VC companies.
VC funding in technology cosSynergySuite

SynergySuite, a cloud-based restaurant management platform, has raised $6 million in Series A funding led by First Analysis, a Chicago-based venture capital firm, with participation from Irish private equity firm Oyster Capital.


Lumina, a predictive analytics company, has raised an additional $5 million in funding from undisclosed investment funds and individual investors. Lumina raised $8.5 million in August 2017.


Stratasan, a healthcare data analytics software provider, has raised $26 million — led by Fulcrum Equity Partners with participation from Frist Cressey Ventures, Blue Heron Capital, Bridge Bank and Company management.

Grasshopper Bank

Grasshopper Bank has received an investment from Golden Seeds as part of its $116 million private placement round. Grasshopper Bank raised over $131 million in initial funding.


Kyndi, an artificial intelligence company, raised $20 million in Series B funding led by Intel Capital, with participation from UL Ventures, PivotNorth Capital, and existing investors.


TrustArc, a provider of privacy management solutions, has received a $70 million Series D growth investment led by Bregal Sagemount. Existing investors Accel Partners, Baseline Ventures, DAG Ventures, Icon Ventures and Industry Ventures will continue to retain significant stakes in the business.


Near, a developer platform for building decentralized applications, has raised $12.1 million — led by Metastable and Accomplice and with participation from Electric Capital, Pantera Capital and Amplify Partners. Other investors include Multicoin Capital, ACapital, Coinbase Ventures, IDEO Colab Ventures, Scalar Capital and Ripple’s Xpring. Notable angels include Naval Ravikant, Andrew Keys and Balaji Srinivasan.

Akash Systems

Akash Systems has announced $14.5 million in Series A funding, including $10 million in new equity funds, and an additional $4.5 million converted from prior convertible notes. Investors in this round include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others.


Ed-tech start-up Byju’s has received an investment of $150 million led by Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, with participation from Owl Ventures.

CNEX Labs and Pliops

Mellanox Capital, the investment arm of Mellanox Technologies, announced investments in storage leaders CNEX Labs and Pliops.

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