Tech Funding Recap for Feb. 8, 2021

There’s no doubt that technology is ruling the world. It seems like every time we turn around, there’s a product coming out that makes our lives more efficient.

And behind each of these products is a great company with leaders that have innovative ideas that are changing the world.

The online publication Venture Beat salutes the companies that are hitting it out of the park. Here are three businesses worthy of a shout out.

Arable

The agriculture industry is growing in leaps and bounds but climate change is making it difficult to keep up.

According to a 2018 study in Agriculture and Food Security, 95% of smallholder farmers in Central America have experienced the impact of climate change in the form of rising temperature, unpredictable rainfall, and extreme weather events. Meanwhile, United Nations projects that an increase in population will cause a 69% rise in the agricultural industry between 2010 and 2050.

Arable has introduced a tool to help farmers keep up.

The Arable Mark is an irrigation management tool that connects via LTE-M, 2G and 3G and synthesizes climate, plant, and soil data to produce visualizations. The visualizations are delivered via web dashboard and smartphone app and provide information on precipitation, crop water deficit, soil moisture, and temperature patterns.

The company has recently raised $20 million, which will be used to accelerate growth and help farmers keep up with modern demands.

CodeSandbox

CodeSandbox is a company that focuses on simplifying code to make it more accessible. Commonly referred to as low code or no code, the company created a browser based service that bridges collaboration and low code elements.

While CodeSandbox is far from the only company working to simplify coding, their product stands out, because, unlike other companies that have created web-based tools for individual coders in the past, CodeSandbox’s product will be designed for teams.

The CodeSandbox product also allows product designers who don’t have coding skills to make and accept changes. This saves time spent making suggestions to coders, waiting for changes to be made and reviewing them before moving on.

CodeSandbox recently raised $12.7 million towards their endeavors, which will be used to move their project forward.

Onfleet

The pandemic has sent eCommerce through the roof. Onfleet is helping retailers meet the demands by providing a delivery management tool that will simplify processes.

Onfleet has created a dispatch platform that manages the delivery process from beginning to end. The web-based dashboard provides access to the auto-dispatch engine that assigns jobs to drivers based on their availability and proximity taking location, capacity and traffic conditions into account.

The tool also has an integrated chat platform that allows dispatchers and drivers to communicate directly through the dashboard eliminating the need to use other apps. It has real time alerts and ETAs, allowing companies to keep their customers updated.

Onfleet has recently raised $14 million in funding that will help them make their product available for the companies that so desperately need it.

These tech companies are paving the way for our brave new world. We can only wait to find out how the transformations they make will continue to improve our lives.

Tech Funding Recap for Feb. 2, 2021

Technology is growing in leaps and bounds, and there are several startups meeting the demands of our brave new world. These companies are providing services to make doing business, and life in general, more convenient.

Venture Beat is an online publication that salutes tech companies that are on the cutting edge and raising funds to break ground. Here are some they are including in their round up.

Ushur

There is no doubt that the work from home revolution is taking over. As the pandemic and other factors create more of a need for telecommunication, there is an increased demand for process discovery and automation in our technological systems.

Ushur is meeting that demand by providing products that engage customers via email, apps, text and direct messaging. Features include a visual builder, tools for data extraction and integration with backend systems like Salesforce, ServiceNow, and various legacy systems.

Their software measures outcomes of engagement that can be valuable in auditing campaign results. They also provide translation services that can allow businesses to increase their global reach.

The company has recently raised $25 million, which will be used towards boosting their sales and marketing efforts.

Ayar Labs

Transistors are tiny on off switches that live inside silicon chips. Over time, technology has developed making these switches smaller and smaller, allowing the computer and electronics industry to flourish.

But one major impediment is the copper interconnections between transistors. The resistive capacitive delay (RC delay) within the interconnects prevent the transistors from becoming faster when they shrink due to the copper remaining unreliable at a smaller size.

Ayar Labs is involved in an effort to move data from chip to chip using light instead of electricity. The company predicts that this solution will overcome the scaling challenges involved with the semiconductors while interconnecting bandwidth obstacles between devices.

The company recently raised $35 million for the product development of it’s optical interconnect chip, which is very good news for the tech industry.

Provizio

Provizio aims to make the road safer by introducing advanced Accident Prevention Technology for automobiles.

In the past, the company has developed technologies for AI operating as well as radar technology to provide drivers with information from beyond their line of site alerting them of potential problems.

They are integrating their developments with other safety technologies to provide vision and radar sensors that will increase reaction times from one second to ten. This kind of technology will provide accident prevention in the short term as opposed to current systems that are involved in extensive testing that can delay the process for several years.

Provizio recently announced it raised $6.2 million, which will be used to accelerate development of its Accident Prevention Technology making the world a safer place all around.

These three companies are doing their part in introducing groundbreaking tech that will make life more convenient. It will be exciting to see how their endeavors pay off in changing our future for the better.

Tech Funding Recap for Jan. 18, 2021

Technology is growing in leaps and bounds. Tech companies are constantly raising funds to increase their resources for developing new products and services to provide added conveniences in the B2B and B2C world.

Recently, the online publication VentureBeat has noted companies like Passive Logic, Qatalog, and Augury for their fundraising efforts and the new offerings they are unleashing. Here is a review of what’s to come.

Passive Logic

Passive Logic is a startup that specializes in building controls platforms that focus on human comfort. They recently raised $16 million which will be dedicated to increasing their workforce and accelerating research and development.

Hardware engineering specialists Troy Harvey and Jeremy Fillingim founded Passive Logic in 2016 in an effort to simplify commercial building systems by providing autonomous controls to the building construction market. Their Autonomy Studio’s platform allows customers to develop systems for building and projects with streamlined automation including self adjusting controls. The innovation is in the fact that the system is based on the law of physics rather than the set points and controls manual building systems have relied on in the past.

The newer systems have the ability to control sequences in real time based on the building changing dynamics. The engine employed analyzes the implications of its actions before putting them into effect and selects the best controls under the current conditions.

Qatalog

Qatalog is a London-based start up with the goal of streamlining the way companies do business by eliminating the close to 200 apps they use each day by providing unified tools and products. This will make it easier for workers to find the data they need and cut down on the wasted time and frustration that comes from finding and switching between multiple apps.

The startup has announced raising $15million from an A round series led by Atomico as well as a $3.5 million seed round led by Mosaic Ventures, which completed last October.

The company was founded in 2019 by Tariq Rauf, a former global leader at Amazon. The aim of the startup is to connect the dots between major company directories, documents, communications, and workflows.

At launch, they had already integrated with major players like Slack, Google Workspace, Zoom, Trello, Dropbox and more, and they are adding more integrations each week. This allows users to easily find any person, team or project in their company while displaying the connections between contacts as far as what they’ve been working on to present day.  

Augury

Self described “machine health” AI solutions provider Augury has recently announced the closing of a funding round for $55 million. The money will be used to increase hires, research and development, and customer acquisition.

The startup refers to itself as the “Shazam for machines.” Its sensors record readings from motors, compressors and pumps, and process factors like vibration, temperature, and magnetism metrics. The data is then uploaded to the cloud where it is analyzed by AI algorithms to provide predictions regarding the machine’s health.

Augury already has an impressive list of clients, but it is working on expanding and building a network of delivery partners to increase installations of its equipment. It also has plans to provide new language support for its product suite and key alerts for customers. It will boost its range of country specific certification to allow for a greater worldwide reach.

Congratulations to these companies on reaching their fundraising goals. We look forward to seeing how they increase convenience in today’s growing world of technology.

Tech Funding Recap for Jan. 4, 2021

VentureBeat is a technology website located in San Francisco, A. It publishes tech based news, analysis, interviews, and videos.

The company stays on top of the latest in tech and reports on businesses that have recently reached their funding goals to expand and increase development. Here are a few success stories they are sharing.

River

Tech company River just launched a new social media app and also announced a $10.4 million round it is using to expand its workforce and research and development department.

River was founded in 2018 by Jeremy Fisher along with a group of engineers and designers who were previously employed by tech giants like Google, Twitter, and Microsoft. The team realized how powerful Facebook had become in spurring political discussions. The new app, River, is introducing aims to continue the political discussions without all the drama, by preserving anonymity and encouraging the use of credible sources.

The app has real time recommendations based on trending stories and a search tool that reveals breaking news. It also has content understanding tools that help people gain more insight into what they are reading. It provides customized streams of digestible stories that can be liked or shared.

It is currently available for iOS with an Android version on the way.

Balto

Balto is known for providing technology that increases conversions, offers a superior customer experience and decreases ramp time for contact centers. They are developing a conversational AI platform for call centers and have recently announced the close of a $10 million round. The capital will help the company triple its size and increase product development efforts.

With more call center agents working from home due to COVID, the need for superior AI is greater than ever. The AI Balto developed listens to both sides of a conversation and provides visual prompts instructing agents on what to say next. It offers voice triggered prompts including responses, compliance statements, and product knowledge.

Accurics

Accurics is a company that describes itself as a “self-healing” infrastructure for cloud environments. It has raised $20 million which will go towards helping its 35-person workforce increase its customer base.

Although the company’s data centers are set to process 94% of workloads in 2021, they continue to see security as their biggest issue. About 24% of organizations are missing high severity patches, while 49% of databases have no encryptions by default.

Accurics is introducing technology tools like Terrascan which uses algorithms to mitigate misconfigurations, and policy violations by scanning infrastructure as code. In doing so, the platform will identify changes that need to be made to cloud applications such as Amazon Web Services, Azure and Google Cloud Platforms to assess and reduce risk. Terrascan provides over 500 out of the box policies that allow customers to check against policy standards to ensure that their systems are as secure as possible.

The developments these companies are making will make for a safer, more convenient and happier brave new world. Thanks to Venture Beat for keeping us on top of the latest.