Tuesday, November 20, 2018
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CX Platform InMoment Picks Data Science’s Gary King for Its Board
Credit: InMoment

InMoment, a customer experience intelligence platform, announced Gary King, Ph.D., a leading expert on deriving deep meaning from human data, has joined its board of directors.

King currently serves as director of Harvard University’s Institute for Quantitative Social Science and is one of just 26 with the title of “University Professor,” Harvard’s most distinguished faculty position. King’s previous accomplishments include reverse engineering Chinese censorship of social media, developing the scientific standard for identifying illegal partisan gerrymandering in the US, deriving methods to overcome interpersonal incomparability in survey research, and inventing numerous statistical methods widely used across academia, government, and private industry. He also co-founded and helped invent the technologies for commercial analytics companies Learning Catalytics, Perusall, Crimson Hexagon, Thresher, and OpenScholar.

Kaloom Raises $10 Million in Series A1 Funding
Credit: kaloom.com

Automated data center networking software market leader Kaloom closed a $10 million Series A1 funding round led by the Fonds de solidarité FTQ and Somel Investments, with participation from MBUZZ Investments. This cash infusion brings Kaloom’s total investments to $20.7 million.

Based in the Quartier de l’innovation in Montreal, Quebec and Silicon Valley, Kaloom was founded by CEO Laurent Marchand to provide a programmable data center networking fabric that will disrupt how data centers are built and managed by cloud providers, telcos, and enterprises.

The company plans to use the funding to advance the development and sales of Kaloom’s innovative automated Software Defined Fabric, an industrialized software solution for open networking white boxes, including Accton, Delta, and others.

Feminine Care Startup Rael Raises $17.5 Million in Series A Funding
Credit: getrael.com

Rael, a feminine care wellness startup dedicated to educating and empowering women with healthy period products, acquired $17.5 million in a Series A funding round led by Mirae Asset and GS Retail Fund, South Korea’s largest asset manager and retail conglomerate. Returning investors include SoftBank Ventures Korea, who previously led Rael’s Pre-Series A round, and BAM Ventures, run by The Honest Company co-founder Brian Lee. New investors Pritzker Group Venture Capital and NYX Cosmetics founder Toni Ko also participated,  bringing the total funding to date at $20.4 million.

Launched in 2017, Rael is led by three female co-founders: Aness An, a journalist and bestselling author; Binna Won, an architect-turned-art-director; and Yanghee Paik, a former movie distributor at The Walt Disney Studios with a Harvard MBA. Frustrated by the lack of healthy, comfortable and high-performing period care products on the market, the trio set out to create their own solution.

Opternative Gains $9 Million

Eye healthcare technology company Opternative secured $9 million in its latest round of funding led by Trust Ventures and Pritzker Group Venture Capital, with an additional investment from existing investor Jump Capital.

Opternative Inc., a Chicago-based healthcare technology company founded in 2012, offers an online vision test designed to allow patients to renew their prescription anywhere, anytime. According to the company, one million consumers have taken the test, and Opternative has issued hundreds of thousands of prescriptions with a 99.6% satisfaction rate. It also offers eye care providers, eyewear retailers, and other organizations customizable software solutions.

Opternative plans to use the funding to double its engineering, product, sales, and marketing teams, as well as to grow awareness and adoption of its online vision test with consumers, employers, and eye care providers.

Cybersecurity Startup Dragos Announces $37 Million in Series B
Credit: dragos.com

Dragos, Inc., developer of the Dragos threat detection and response platform, raised $37 million in a Series B funding round led by Canaan with participation from Emerson, National Grid Partners, and Schweitzer Engineering Laboratories. With the investment, Joydeep Bhattacharyya, a partner at Canaan, joins the company’s board of directors.

The investment comes at a time of ICS cybersecurity market growth. Drawing from the real-world experience of their ICS cybersecurity practitioners, the Dragos industrial threat detection and response platform is designed to provide the components required to scalably detect and respond to industrial cybersecurity threats. Dragos also provides threat hunting and incident response services, as well as a threat intelligence program—Dragos WorldView—for intelligence reports on the latest industrial threats.

Customer-First Cybersecurity Startup Uniken Secures $10 Million
Credit: uniken.com

Uniken, a customer-first cybersecurity company, acquired an additional $10 million in funding from a strategic North American family office and management entity, bringing total investment in the company to $20 million.

In less than a year, Uniken has received recognition from leading analysts Gartner, Forrester and One World Identity, a milestone for a Series A company. The company’s mission is to help organizations combat the identity, network and device threats that are the major sources of breach and fraud, without compromising on the consumer-friendly user experience required to compete in the modern marketplace. The REL-ID platform is designed to integrate identity, strong cryptographic authentication, channel security, and intelligent endpoint threat detection into one unified, defense-in-depth solution for developers, security operations and end-users.

The funding will be used to accelerate global expansion and meet the demand for its omnichannel security platform, REL-ID.

People.ai Appoints New CMO And CCO
Credit: people.ai

Enterprise revenue AI platform People.ai, announced the appointment of Dayle Hall as chief marketing officer and Joel Hofman as chief customer officer. The appointments follow People.ai’s recent Series B announcement that will fund commercial expansion, customer acquisition, and data science advancements.

Hall brings 20 years’ experience across all marketing disciplines. As CMO, he is responsible for branding, product positioning, communications, customer acquisition, and go-to-market strategy.

Hofman is a 20-year tech industry veteran with a track record of leading and managing customer service teams and building long-term relationships with customers. In his role at People.ai, Hofman will lead the customer success organization.


RapidSOS Gains $30 Million in Series B

RapidSOS closed a $30 million Series B funding round to expand its advanced emergency technology platform. The funding was led by Playground Global, with participation from Highland Capital Partners, M12 (Microsoft’s Venture Fund), Two Sigma Ventures, Forte Ventures, The Westly Group, and CSAA IG. Notable individuals including three former FCC chairpeople and Ralph de la Vega—former AT&T vice chairman and CEO of AT&T Business Solutions & International—also participated in the round.

RapidSOS provides an emergency platform to send rich data from connected devices to 911 and first responders, enabling faster and more effective emergency response. RapidSOS has raised $65M to date and powers hundreds of millions of devices, transmitting life-saving data for over 150,000 emergencies per day across the United States.

Force Therapeutics Announces $21 Million Investment
Credit: forcetherapeutics.com

Episode-based digital care delivery startup Force Therapeutics closed a $21 million funding round led by Insight Venture Partners, a New York-based venture capital and private equity firm. The company plans to use the funds for rapid product innovation, national expansion across major health systems, and client growth.

According to the company, Force Therapeutics has fundamentally improved the patient-provider relationship from the time surgery is scheduled through recovery using virtual rehab, digital navigation and outcomes analytics. The platform is designed to allow patients to access prescribed, phased, video-based education and virtual rehabilitation on any device at the most relevant time. Care teams monitor patients’ symptoms and outcomes in real time and are empowered to respond quickly and appropriately through Force’s HIPAA-compliant messaging and patient navigation platform.


Templafy Raises $15 Million to Further Accelerate Growth
Credit: templafy.com

Enterprise template management and document creation leader Templafy secured an additional $15 million in its Series B round from existing investors Insight Venture Partners and Dawn Capital, as well as Series A investors SEED Capital, Preben Damgaard, the company’s founders and management, and other private investors. Today’s announcement brings the total amount raised by the company since it was founded in 2014 to $40.2 million.


EdTech Network Handshake Raises $40 Million in Series C Funding
Credit: joinhandshake.com

Handshake, a career network for U.S. college students, closed a $40 million Series C funding round led by the EQT Ventures fund, a European multi-stage VC fund. The round also included participation from the Chan Zuckerberg Initiative, Omidyar Network, and Reach Capital.  In conjunction with the funding, Alastair Mitchell of EQT Ventures will join Handshake’s board of directors. Representatives from the Chan Zuckerberg Initiative, Omidyar Network, and Reach Capital will join a newly formed Impact Advisory Board to advise the company on better measuring and growing its social impact.

Founded in 2013 by three Michigan Tech students with the goal of democratizing opportunity, the Handshake network launched with five initial partner schools and now includes 700 colleges and universities, 14 million students and young alumni, and 300,000 employers—including 100% of the Fortune 500.  The Handshake community supports 100 minority-serving institutions, including historically black colleges and universities and hispanic serving institutions across the country.

The Series C brings Handshake’s total funding to $74 million, including participation from previous investors Kleiner Perkins, Spark Capital, True Ventures, and Lightspeed Ventures.

Overwolf Raises $16 Million in Series B Funding
Credit: overwolf.com

Gaming startup Overwolf closed a $16 million round of Series B funding led by Intel Capital, with additional investments from Liberty Technology Venture Capital. This round of funding comes shortly after the announcement of a joint fund of $7 million by Intel and Overwolf for the purpose of investing in apps and mods for gamers.

Overwolf is building an open platform for game apps and in-game services such as real-time coaching services, analytics solutions, and video recording tools for popular PC and mobile games. The company’s mission is to generate value for 10 million monthly active players across mobile and desktop by empowering third-party creators and developers.