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Funding News
Futurefundraisingnow
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Nonprofit Navel-Gazing Syndrome [Nonprofit Diseases]
- Nonprofit organizations suffering from Nonprofit Navel-Gazing Syndrome (NPNGS) focus on their internal understanding, leading to uninteresting fundraising efforts.
- NPNGS causes nonprofits to believe donors share their detailed understanding of their work, leading to ineffective fundraising strategies.
- Donors have a less nuanced view of nonprofit work and are drawn to simple and clear descriptions of impact.
- Some organizations affected by NPNGS may only want support from donors who fully understand their internal processes.
- Nonprofits should focus on showcasing the outcomes of their work to donors, rather than the intricate details of their operations.
- Donors are interested in supporting organizations to create positive change, not in the internal workings of the nonprofit.
- Nonprofits should prioritize meeting donors where they are and emphasizing the impact their contributions can make.
- Focusing on staff achievements, methodology, or internal processes may not resonate with donors looking to support tangible outcomes.
- Nonprofits should adjust their fundraising approach to align with donors' interests and motivations to drive successful fundraising efforts.
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Siliconangle
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With $27M in funding, Fleet wants to bring more freedom to enterprise device management
- Fleet Inc. secures $27 million in Series B funding to enhance enterprise device management.
- The funding round was led by Ten Eleven Ventures with participation from CRV, Open Core Ventures, and other investors.
- Fleet offers an open-source device management platform for companies to secure their computing devices.
- The platform provides transparency, extensibility, and repeatability compared to proprietary software.
- Fleet aims to give organizations control over device management for compliance with regulations like PCI and FedRAMP.
- It offers both hosted and on-premises deployment options.
- Netflix, Stripe, Fastly, Uber, and Reddit are among the well-known enterprises using Fleet.
- Fleet's platform supports various devices like iPhones, Android phones, laptops, and even data centers.
- Customers praise Fleet for providing flexibility and avoiding forced cloud migrations.
- The company's rapid growth is attributed to its channel partners and open-source approach.
- Fleet CEO emphasizes the company's dedication to open hosting options.
- Ten Eleven Ventures Partner endorses Fleet for its comprehensive device management capabilities.
- Fleet plans to maintain its open approach and customizable hosting solutions.
- The company has been seeing significant adoption for its device management platform.
- Flexible hosting options are generating increased interest in web searches.
- Fleet's platform is designed to cater to a wide range of operating systems and devices.
- The company's mission is to provide free, relevant, and in-depth content to the community.
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TechCrunch
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Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028
- Sword Health, the AI-powered digital health startup, secures $40 million at a $4 billion valuation with General Catalyst leading the funding.
- The funding round marks a 33% increase from the previous year's $3 billion valuation.
- CEO Virgílio Bento aims to enhance the company's valuation and prepare for strategic acquisitions with the additional capital.
- Initially considering an IPO for 2025, Sword Health founder now eyes a potential IPO in 2028 to broaden remote healthcare offerings beyond existing services.
- Bento is diversifying the company's AI care specialist, Phoenix, to cater to various health conditions apart from musculoskeletal and pelvic care, including cardiovascular and speech therapy.
- The founder has been learning about managing a public company and is currently unconvinced about the necessity of an IPO despite the company's healthy financials.
- Bento highlights that private companies like Ikea and Lego have succeeded without going public and emphasizes the availability of private capital and liquidity for employees through secondary markets.
- Sword Health plans a tender offer soon, anticipates raising more capital next year, and predicts a $50 million raise at a $5 billion valuation in the future.
- The latest funding round, led by General Catalyst, also saw participation from Khosla Ventures, Comcast Ventures, and others, bringing the company's total funding to $380 million.
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TechSpark
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Silicon Gorge Profiles: Opti Compliance
- Silicon Gorge pitching competition featured 24 early-stage startups with 12 finalists pitching at the investor showcase.
- Opti Compliance, a B2B SaaS company focuses on transforming building compliance management, specifically fire safety.
- Their Fire Compliance Software digitizes workflows, centralizes documentation, and automates admin tasks to boost consultant productivity.
- Opti aims to improve safety, increase efficiency, and expand into construction and health & safety industries.
- The company addresses manual paperwork and disconnected systems in the compliance sector to enhance safety outcomes.
- Opti's platform is designed in collaboration with fire safety consultants, offering tailored functionality and regular updates based on industry feedback.
- Opti stands out for its industry-specific approach, user-friendly platform, and white-label solutions for other compliance-heavy sectors.
- The company is raising £500,000 to grow, enhance their platform, expand teams, and explore partnerships in the insurance sector for data-driven insights.
- Partnerships with Prevention 1st, Alacrity Foundation UK, and Cyber Innovation Hub have been crucial for Opti Compliance's success.
- The company's proudest achievement is building software loved by professionals, improving safety standards and operational efficiency.
- Opti Compliance's focus is on defensibility, scalability, and continuous innovation to create a compliance platform across industries.
- For more information about Opti Compliance, visit their website www.opticompliance.co.uk or find them on LinkedIn.
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Pymnts
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Autonomous Vehicle Startup Applied Intuition Raises $600 Million for AI
- Autonomous vehicle startup Applied Intuition has raised $600 million in new funding, doubling its valuation to $15 billion.
- The company works with major carmakers like Toyota and Volkswagen to integrate AI technology for improving safety.
- Founded eight years ago, Applied Intuition focuses on AI technology for various machines, including cars, trucks, drones, and factories.
- The company's CEO, Qasar Younis, aims for an IPO as a short-term goal, with the latest funding possibly being the final round before going public.
- Industry experts at CES discussed the integration of AI in cars, emphasizing its rapid adoption compared to other devices.
- Experts foresee AI driving transformation in customer experience within automotive technology, making interactions more conversational and intuitive.
- The future entails leveraging AI to enhance customer engagement and provide seamless, voice-first experiences in vehicles.
- Automotive AI evolution involves powerful hardware to improve performance, latency, and elevate customer engagement levels.
- Applied Intuition's successful funding reflects the growing importance of AI technology in revolutionizing the automotive industry.
- The advancements in AI are poised to significantly enhance the overall customer experience in personalized vehicles.
- AI integration in vehicles is expected to lead to innovative ways of utilizing technology to create a more engaging and user-friendly driving experience.
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Bloomberg Quint
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BSE F&O Expiry Shifts To Thursday From Tuesday
- BSE announced that the expiry day for its futures and options contracts will shift from Tuesday to Thursday.
- SEBI agreed to the proposed Thursday expiry day by BSE.
- For existing contracts, the expiry day of derivatives contracts will remain unchanged except for long-dated index options contracts.
- New contracts with expiry dates on or before Aug. 31, 2025, will continue with the present expiry day.
- In May, SEBI introduced new regulations mandating equity derivatives contracts to expire exclusively on Tuesdays or Thursdays.
- Stock exchanges were allowed to select one of these days for the weekly expiry of their benchmark index options contracts with prior approval from SEBI.
- SEBI sought preference on the choice of expiry day from stock exchanges and discussed feedback with the Secondary Market Advisory Committee.
- The move follows a consultation paper floated by SEBI in March.
- The change aims to align with the new regulations set by SEBI for equity derivatives contracts.
- The BSE circular indicated the realignment of the expiry date for long-dated index options contracts following past practices.
- The shift in expiry days is part of the regulatory changes in the derivative segment of the Indian stock market.
- The BSE's decision aligns with SEBI's guidelines on selecting Tuesday or Thursday for expiry days.
- The alterations to the futures and options contracts aim to streamline practices across stock exchanges.
- The move comes after SEBI requested exchanges to confirm their preferred expiry day by a specified deadline.
- Stock exchanges are required to adhere to SEBI's new regulations regarding the expiry dates of derivatives contracts.
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Alleywatch
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Compyl Raises $12M to Simplify Governance and Compliance
- Compyl raised $12M in Series A funding led by Venture Guides, addressing challenges in the Governance, Risk, and Compliance (GRC) market.
- The platform turns GRC complexity into data-driven insights, unifies enterprise data in real-time, and enables risk management and compliance without heavy IT development.
- Compyl differentiates itself by offering automated security benchmark checks, real-time contextual insights, and customized GRC processes without third-party dependencies.
- The company targets mid-market and lower enterprise companies in regulated industries like software, financial services, and healthcare, aiming to streamline information security programs.
- Compyl's business model includes direct sales and channel partners, preparing for economic slowdown by prioritizing sustainable growth initiatives and customer relationships.
- Key challenges in raising capital included educating investors on the dynamic GRC space and positioning Compyl as a comprehensive GRC platform with strong differentiation.
- Investors were attracted by Compyl's experienced team, growing demand for consolidated GRC tools, strong revenue metrics, and technical depth in automating workflows for security teams.
- Future milestones include expanding go-to-market operations, accelerating AI-driven product development, and securing strategic customer wins in regulated sectors.
- Compyl advises companies to stay close to customers, build efficiently, and consider profitability or break-even operation during lean times for long-term resilience.
- The company aims to deepen its presence in core verticals, enhance product intelligence, and foster partnerships to lead the next generation of GRC innovation.
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Pymnts
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Ubyx Raises $10 Million to Advance ‘Stablecoin Epoch’
- Digital asset startup Ubyx has raised $10 million to advance what it calls 'stablecoin ubiquity.'
- Ubyx aims to promote the global acceptance of many stablecoins with issuers like Paxos, Ripple, Agora, Transfero, Monerium, and GMO Trust.
- The company addresses barriers to mass adoption in the stablecoin market by providing a clearing system that connects issuers and receiving institutions.
- Ubyx allows redemption of stablecoins for fiat at par value into bank and FinTech accounts, standardizing redemption for cash-equivalent accounting treatment.
- The company believes it will usher in the stablecoin epoch by solving market fragmentation and aligning economic incentives.
- Stablecoins are becoming more common with companies like Bank of America, Walmart, and Amazon looking to launch their versions of the dollar-pegged currency.
- The rise of stablecoins is driving operational innovation but also raising questions about ecosystem control and interoperability.
- Interoperability is a challenge for stablecoins, including those issued by major banks, as they may lack broader token landscape compatibility.
- Stablecoins are praised for their ability to transfer value efficiently, but challenges arise when they need to be utilized for specific purposes.
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Siliconangle
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Extend gets $17M in funding to boost the speed and accuracy of document processing with AI models
- Document processing startup Extend has secured $17 million in funding through a seed investment and Series A round, with Innovation Endeavors leading the investment.
- Other investors in the funding rounds include Y Combinator, Character VC, and notable angels such as Scott Belsky, Guillermo Rauch, and Jeff Weinstein.
- Extend, also known as CrowdView Inc., aims to enhance document processing speed and accuracy using artificial intelligence, specifically large language models.
- The startup leverages advanced LLMs to transform complex PDFs and various files into validated, production-ready data with over 95% accuracy, even with degraded scans or handwritten documents.
- Extend seeks to outperform traditional optical character recognition tools by utilizing LLMs to extract, classify, and organize information from documents comprehensively.
- The company involves its customers in fine-tuning the LLMs to better understand document nuances, offering a higher level of accuracy in data extraction.
- Extend's software enables seamless integration into existing business processes, aiding departments in analyzing and gaining insights from fresh data efficiently.
- Co-founder and CEO Kushal Byatnal highlighted the importance of making document processing accessible and accurate, especially for businesses with data residing within documents.
- Extend plans to expand its product offerings with a user-friendly document processing platform that can be deployed swiftly by non-technical users.
- The recent funding will support Extend in expanding its teams, investing in research and development, and enhancing its product to cater to growing demand for accurate and flexible document automation.
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SiliconCanals
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Germany’s Realyze Ventures closes first fund: Here are the VC platform’s focus areas
- Realyze Ventures, based in Köln, Germany, closed its first fund, totaling approximately €50M, with support from industry players, institutional capital, and entrepreneurial families.
- Investors in the fund include Art-Invest Real Estate, Cordes & Graefe KG, Goldbeck, MOMENI, ZECH, and renowned family offices, along with an institutional investor from the European banking sector.
- The focus of Realyze Ventures is on profound transformation in the building sector, construction industry, and skilled trades to enhance Europe's climate performance and global competitiveness.
- The investment platform aims to fund technologies that reduce carbon emissions, enhance digital efficiency, and improve overall effectiveness in the real estate, construction, and skilled trades sectors.
- Realyze Ventures' founding team has a track record of over 40 successful investments and manages more than €120M in venture capital, leveraging their expertise from BitStone Capital and MOMENI Ventures.
- The firm is a sector-specialist venture capital entity focusing on European technology startups transforming construction, real estate, and skilled trades, bringing together industry leaders, institutional investors, and pioneering entrepreneurs.
- The goal of Realyze Ventures is to sustainably transform Europe's construction and real estate sectors by combining strategic capital with operational execution capability.
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Siliconangle
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Coralogix gets $115M in funding to pioneer agentic AI-powered observability
- Coralogix closes a $115 million late-stage funding round and launches an AI agent named 'olly' to democratize observability beyond technical users.
- The Series E funding was led by NewView Capital with participation from Canada Pension Plan Investment Board and NextEquity.
- Existing investors like Advent International, Brighton Park Capital, and others also joined the funding, valuing Coralogix at over $1 billion.
- Coralogix's observability platform aims to detect issues in IT infrastructure by analyzing telemetry data to prevent application failures.
- The launch of 'olly' intends to involve non-technical users like business leaders and product managers in the observability process.
- 'olly' offers a conversational interface to guide users, provide insights, and suggest actions to enhance decision-making and resolve issues.
- Users can ask 'olly' specific questions about problems and receive explanations and solutions in simple language, without technical expertise.
- The AI assistant helps technical users understand system failures by consolidating and interpreting system logs, metrics, and traces.
- Coralogix CEO Ariel Assaraf views 'olly' as an intelligent assistant that empowers employees to access data and make informed decisions.
- 'olly' marks the latest in Coralogix's updates following the acquisition of Aporia Inc., introducing new AI-powered observability capabilities.
- Coralogix previously introduced the AI Center and Continuous Profiling feature to enhance observability and improve application performance.
- The company's investors believe in its potential to drive innovation in observability using AI, distinguishing it from other vendors in the market.
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Siliconangle
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Diskover gets $7.5M from Snowflake, NetApp and others to facilitate unstructured data discovery for AI
- Diskover Data Inc. secures $7.5 million in seed funding from investors like Snowflake Inc. and NetApp Inc.
- The startup aims to make unstructured data more usable and secure for artificial intelligence models.
- Funds will be used for expanding go-to-market and engineering teams to cater to enterprise data needs.
- Diskover focuses on untangling valuable unstructured data like documents, videos, text messages, etc., accounting for 80% of enterprise data.
- Its platform scans and indexes unstructured data files to provide metadata for easy searchability and governance.
- Diskover's technology helps curate information for AI data pipelines and ensures compliance with existing permissions.
- The startup transforms unstructured data into a structured and actionable resource for AI developers.
- Diskover acquires CloudSoda Inc. to enhance its capabilities in AI-ready intelligent data management.
- Partnerships with Snowflake and NetApp indicate the innovation and potential of Diskover's platform.
- The collaboration with industry giants helps enterprises surface and activate unstructured data for AI and storage efficiency.
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Economic Times
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Israeli data security platform Coralogix raises $115 million
- Israeli data security platform Coralogix has raised $115 million in a series E funding round led by NewView Capital.
- The company plans to deploy a significant portion of the capital in India to increase market share in sectors like BFSI, IT & Telecom, Logistics, and EdTech.
- They aim to expand their office in Gurugram and accelerate hiring in Bengaluru and Mumbai over the next five years, creating hundreds of high-value tech jobs.
- Coralogix's Indian portfolio includes customers like Postman, Jupiter Money, Meesho, BookMyShow, and others.
- The funding round values the Tel Aviv-based firm at over USD 1 billion and saw participation from Canada Pension Plan Investment Board and NextEquity.
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Eu-Startups
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German VC platform Realyze Ventures announces successful first closing with assets of around €50 million
- Cologne-based Realyze Ventures completes the first closing of its fund with assets totaling around €50 million.
- The fund includes investments from partners like Art-Invest Real Estate, Cordes & Graefe, Goldbeck, MOMENI, and ZECH, along with an institutional investor from the European banking sector.
- Realyze Ventures, founded in 2023, focuses on European technology startups driving climate and process efficiency in construction and real estate.
- The General Partners aim to seize promising opportunities and deliver high returns for investors, with a collective investment experience exceeding €120 million.
- The investment platform targets technology-driven solutions for decarbonisation, digitalisation, and efficiency improvement in the real estate, construction, and skilled trades sectors.
- Realyze Ventures emphasizes being a sector specialist with deep industry access and market integration, aiming to transform Europe's construction and real estate sectors sustainably.
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Bloomberg Quint
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Rupee Closes At Over Two-Month Low Against US Dollar
- The Indian rupee closed at a two-month low of 86.24 against the US dollar on Tuesday.
- Rupee opened flat at 86.07 against the US dollar.
- Brent oil prices rose to $74.04 per barrel due to Israel-Iran conflict concerns and soft economic data from China.
- The US dollar strengthened with the DXY climbing above 98.2 amid rising geopolitical tensions in the Middle East.
- President Trump's call for the evacuation of Tehran and Israeli airstrikes on Iran raised fears of a wider regional conflict.
- Markets are watching for potential disruptions to energy flows and trade routes, along with inflation risks from elevated oil prices.
- Focus now shifts to the Federal Reserve's policy decision, with rates expected to stay unchanged.
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