Tuesday, August 21, 2018
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Axoni Secures $32 Million in Series B Funding
Credit: axoni.com

Enterprise blockchain technology provider Axoni completed a $32 million Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date to $55 million. The financing round also included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Since 2013, Axoni’s goal has been to establish itself as a leader in blockchain technology through successful partnerships with top investment banks, asset managers, and market infrastructure companies. Axoni’s AxCore technology has been deployed across markets ranging from complex derivatives to high-volume foreign exchange. According to the company, it has earned the role as the industry’s choice to re-platform the system underpinning the legal records, lifecycle events, and cash flow calculations for the $11 trillion credit derivatives market.

Axoni plans to use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore,

SaaS Marketing Technology Firm RevJet Reveals $30 Million

RevJet, creator of the “Ad Experience Platform,” completed its $21 million Series A financing round lead by Nautic Partners. Nautic, a Providence, Rhode Island-based private equity firm with over $4 billion under management, previously invested $66 million behind RevJet’s founders in their prior venture, LifeStreet Media, which according to the company became the number one ad provider to Facebook app developers.

RevJet’s Ad Experience Platform is designed to be the first comprehensive enterprise platform purpose-built to power every marketing creative use case across every media channel at scale. In market for three years, RevJet claims 200% growth in annual recurring revenue from 2016 to 2017, and 200% projected growth in 2018. RevJet is ramping up its investment in AI and machine learning, personalized cross-screen video, and further expansion into international markets.

AR Platform Ubiquity6 Gains $27 Million
Credit: ubiquity6.com

Ubiquity6, an AR platform that strives to create new ways for “people to interact and imagine in the spaces they care about,” raised $27 million in Series B funding led by Benchmark and Index Ventures.

Additionally, the company previewed the rollout of its first public beta experience at the San Francisco Museum of Modern Art through PlaySFMOMA, the museum’s initiative that encourages the development of avant-garde and experimental games. The content of the experience was inspired by the museum’s current René Magritte exhibit.

Using advanced machine learning techniques to precisely locate the phone and its physical surroundings, Ubiquity6 has pioneered such technological breakthroughs as the ability to have a massively shared augmented reality experience that persists through time.



AxiaMed Announces $12.4 Million Capital Investment
Credit: axiamed.com

Innovative healthcare payments technology company AxiaMed raised $12.4 million in funding. Health Enterprise Partners led the round with participation by existing investor Nashville Capital Network.

According to the company, since its inception in 2015, AxiaMed has experienced triple-digit annual growth driven by the increase in patient financial responsibility for healthcare expenses. Industry analysts predict that patient payments will be thirty percent of total healthcare costs in 2019 and rise to fifty percent within five years.

AxiaMed states its Payment Fusion SaaS-based payment platform is used by hundreds of hospitals and thousands of ambulatory providers. Payment Fusion is designed to enable healthcare software vendors to integrate secure payment technology into their applications, lessening the risks of payment data breaches, and reducing compliance burdens while improving the financial performance of providers by expanding payment options available to patients.


Digital Ad Protocol Gains $5 Million in Strategic Funding Round
Credit: lucidity.tech

Lucidity, a digital advertising blockchain protocol whose goal is “to deliver transparency and trust,” closed their strategic funding round with over $5 million in total participation from 3Rodeo, CoinUs, Cypher Group, YouBi Capital, and Pithia, a venture capital firm that’s part of the RChain ecosystem.

Lucidity, a multi- and cross-chain solution capable of supporting Ethereum and RChain, is designed to process transactions, reduce blockchain overhead costs, and ensure privacy for its digital advertising customers. With this investment, Lucidity plans to expand its team and continue to spearhead development of its Layer 2 technology – a scalable, sidechain infrastructure to handle the high processing speeds and privacy requirements of programmatic advertising.

Exabeam Raises $50 Million in Series D Funding

Next-gen security information and event management company Exabeam closed $50 million in Series D funding. The round, backed entirely by existing investors, was led by Lightspeed Venture Partners and supported by Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners, and cybersecurity investor Shlomo Kramer.

Claiming 250 percent market growth in 2017, coming off 300 percent growth in 2016, the company says it is on track to double its market size in 2018. Exabeam’s Security Intelligence Platform was named the 2018 Gartner Peer Insights Customers’ Choice for its SIEM software, and recently won an SC Awards Europe 2018 for Best SIEM for its threat identification and response capabilities. Its flat, predictable pricing model allows organizations to store all their logs, unlike the “by-the-byte” pricing model that can force customers to limit the amount of data covered by the SIEM—creating blind spots that sacrifice their organizations’ security.

The company plans to use the funds to grow its cloud portfolio, as well as sales and channels to expedite global expansion.

Cyber Security Startup Twistlock Secures $33 Million in Funding
Credit: twistlock.com

Twistlock, a container and cloud native cyber security company, raised $33 million in Series C funding led by ICONIQ Capital. Existing investors YL Ventures, TenEleven, Rally Ventures, Polaris Partners, and Dell Technologies Capital all participated in the round, which brings Twistlock’s total funding to $63 million to date.

According to the company, Twistlock has grown its customer base 350 percent each year since its launch in 2015, and counts 25 percent of Fortune 100 companies as customers, including McKesson, Walgreens, Aetna, and USAA. The Twistlock Advantage Program, a global reseller and technology partner network, launched in 2018, has 75 members committed to working alongside Twistlock in delivering secure cloud native solutions. Twistlock has also experienced headcount growth, with a 200 percent year-over-year increase, and the opening of five offices across the globe.

Twistlock plans to use the funding to scale its operations and build upon its customer and partner base established over the past three years.

Owl Car Cam Raises $10 Million in Funding
Credit: owlcam.com

Owl Cameras expanded their previously announced Series A round with $10 million in new funding led by Canvas Ventures. This additional investment brings the company’s total venture funding to $28 million.

According to the company, its Owl Car Cam was originally launched only for iOS, and initial inventory sold out in a matter of weeks. The company also received tremendous interest from Android users. The company has increased production and is now shipping new orders.


Voice AI Platform Observe.AI Secures $8 Million in Series A
Credit: observe.ai

Observe.AI acquired $8 million in Series A funding led by Nexus Venture Partners with participation from MGV, Liquid 2 Ventures, Hack VC, Emergent Ventures, and Y Combinator.

Observe.AI also announced its agent-first voice AI platform, which is designed to provide agents with real-time feedback on customer sentiment and guide them on next best action during the customer call. The AI platform uses deep learning and natural language processing to understand the context of the call and generates suggestions and guidance for the agent. Founded in 2017 by Akash Singh, Sharath Keshava, and Swapnil Jain, Observe.AI partnered with Talkdesk to launch its voice AI platform for Talkdesk customers.

DEXON Receives $20 Million In New Funding
Credit: dexon.org

The DEXON Foundation, which guides the development of the decentralized protocol DEXON, secured a $20 million private placement led by IDG Capital, a venture capital firm with 150 successful exits and managing $20 billion in assets, including portfolio companies App Annie, 5Miles, and WeCash. DEXON was founded by the leadership team of COBINHOOD, a leading cryptocurrency services platform and zero-fee exchange endorsed by U.S. football player Richard Sherman. The DEXON private placement was also joined by angel investors.

DEXON also announced the results from its first test of transaction speeds, which clocked 50 blocks per second with 25 nodes—an estimated one million transactions per second given a block size of two megabytes and an average transaction size of 100 bytes. Through the use of a blocklattice structure along with a total-ordering consensus algorithm, DEXON is designed to make decentralized transactions scalable for real-world usage. Unlike traditional blockchain systems that build encrypted blocks linearly, DEXON’s blocklattice features multiple blockchains that work together in parallel, making it easier to scale automatically and energy-efficiently.

PXM Platform Salsify Secures $43 Million in Series D Funding
Credit: salsify.com

Salsify, a product experience management (PXM) platform that lets brands deliver shopping experiences across every digital touchpoint, secured $43 million in Series D financing. This latest round of funding was led by Greenspring Associates, with participation from Matrix Partners, Venrock, Underscore VC, and North Bridge Venture Partners.

Salsify’s full suite of PXM functionality is designed to navigate the challenges of the commerce landscape. According to the company, delivering on an aggressive product development roadmap is what drives Salsify’s growth and the company’s increasingly global customer base, including Anheuser-Busch, Perry Ellis, Michelin, and Asics. To support these efforts, Salsify invested forty percent of its revenue in research and development in the first half of 2018.

The company plans to use the new investment to further advance its research and development, and help the company grow both its global footprint and partner ecosystem.

Klook Wins $200 Million in Series D Funding

StreetLight Data, Inc., the mobility analytics company that “brings real-world travel patterns to light,” acquired $10 million in an oversubscribed Series C funding round that included significant participation from new and existing investors Osage University Partners, ENGIE New Ventures, DTCP (Deutsche Telekom Capital Partners), as well as other undisclosed investors.

StreetLight InSight’s goal is to combine big data with processing and industry-targeted analytic tools that that analyze mobility behavior to support critical planning, investment, infrastructure, and policy decisions. StreetLight Data is designed to aggregate and apply proprietary processing techniques to big mobile data from millions of mobile devices, connected cars and trucks, IoT sensors, and geospatial databases.