Friday, July 20, 2018
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Real Estate Tech Startup Lands $20 Million in Series B

Reali, a real estate technology company, raised $20 million in Series B funding led by Zeev Ventures, with participation from Signia Venture Partners and other investors. This round brings the total raised to date to $30 million

According to the company, the new AI team focuses on a suite of products fusing human and artificial intelligence with smart workflow optimization. Reali’s new data-driven tools are designed to help buyers and sellers make personalized decisions such as determining offer prices, use augmented reality to tour a home, and understand the optimal listing price of a home.

Reali plans to use the new round of capital to drive expansion with the launch of Southern California and additional states in 2018 and 2019. The company will also expand its product development efforts in artificial i

AI Healthcare Company Raises $21 Million in Series A Funding
Credit: viz.ai

Viz.ai, an applied artificial intelligence healthcare company focused on time-sensitive conditions, secured $21 million in Series A funding led by Kleiner Perkins, with participation from GV, formerly Google Ventures. Mamoon Hamid, general partner at Kleiner Perkins, will also join the Viz.ai board of directors.

Founded in 2016 by Dr. Chris Mansi and Dr. David Golan, Viz.ai built the first FDA-cleared computer aided triage software to detect and triage urgent stroke cases. The AI cloud-based platform is designed to analyze brain scans for large vessel occlusions, and then to send the scan to a neurovascular specialist to facilitate early therapeutic intervention.

The company plans to use the funding for market expansion and to extend their product portfolio beyond stroke.

Framebridge Closes $30 Million in Series C Funding
Credit: framebridge.com

Framebridge, a four-year-old custom framing online company, secured $30 million in Series C funding. The investment was led by funds and accounts advised by T. Rowe Price Associates, Inc., with participation from existing investors SWaN & Legend Venture Partners, Revolution Ventures, and New Enterprise Associates.

Framebridge provides high-quality, affordable custom framing to customers through its website and mobile app. Customers either upload a photo or mail in art or mementos using Framebridge prepaid packaging. According to the company, the items are custom framed at their centralized manufacturing facility in Richmond, Kentucky, and delivered in days, all for prices lower than traditional frame stores.

SWIM.AI Secures $10 Million in Series B Funding
Credit: swim.ai

Edge intelligence software firm SWIM.AI announced $10 million in Series B funding led by Cambridge Innovation Capital plc, the Cambridge, UK-based builder of technology and healthcare companies, with a strategic investment from Arm. Existing investors Silver Creek Ventures and Harris Barton Asset Management also participated in the round. Andrew Williamson, investment director at CIC, and Damon Civin, principal data scientist at Arm, will also be joining the SWIM.AI Board of Directors.

SWIM.AI delivers edge intelligence software, which combines local data processing/analytics, edge computing, and machine learning to efficiently deliver real-time business insights from edge data on edge devices.

SWIM.AI plans to use the new funding to launch a Cambridge-based AI R&D center, to accelerate product development, and to expand sales and marketing into new verticals and geographies.

Israel-Based 3D Startup Mantis Vision Raises $55 Million in Series D
Credit: mantis-vision.com

Mantis Vision, a provider of advanced 3D sensing, volumetric content acquisition and sharing technologies, closed a Series D round of $55 million led by Luenmei Quantum Co., Ltd., a new investor in Mantis Vision, and Samsung Catalyst Fund, an existing shareholder of the company. This Series D brings total investment in the company to date to $83 million.

Founded and headquartered in Israel, Mantis Vision offers advanced 3D content capture and sharing technologies for applications from 3D cameras for smartphones, industrial/professional grade 3D camera/scanners, and up to a live 3D Volumetric studio. Mantis Vision is planning to double its global workforce with an additional 140 employees in Israel, U.S., China, and the Slovak Republic by the end of 2020.  

As part of the latest series funding, the company plans to use the funds to invest in advanced R&D algorithmic research in computer vision and deep learning, advanced optics experts, mobile camera engineers, 3D apps developers and 3D Volumetric studio experts, among other open positions in program management and business development. It will also be used to accelerate Mantis Vision’s go-to-market strategy and support external growth opportunities.

Centivo Secures $34 Million in Series A Funding

Self-funded health plan Centivo raised $34 million in a Series A funding round led by Bain Capital Ventures, with additional investments from F-Prime Capital Partners, Maverick Ventures, Bessemer Venture Partners, Ingleside Investors, Rand Capital, Grand Central Tech Ventures, and Oxeon Investments. Individual investors Jim Foreman, Ken Goulet, and Kevin Hill also participated.

Centivo was founded to bring cost sustainability to employers and affordable, high-quality healthcare to Americans who struggle to pay their healthcare bills. The Centivo model emphasizes the partnership between individuals and their primary care team, and supports members through a state-of-the-art digital app and dedicated concierge team. Centivo serves as a health plan or third-party administrator for employers and partners closely with local health plans to enhance their offerings.

The company plans to use the funds to build its technology and infrastructure, develop local partnerships, and support market launch.

ObserveIT Closes $33 Million in Series B Financing
Credit: observeit.com

ObserveIT, an insider threat management provider with 1,700 customers around the world, secured $33 million in Series B funding. The investment round includes participation from Bain Capital Ventures, Spring Lake Equity Partners, and NightDragon Security, the cybersecurity investment firm founded by industry veteran Dave DeWalt.

According to the company, it increased customer deals by 185 percent year-over-year while also increasing new customer deal size by more than 250 percent year-over-year. The company continues to achieve a high support net promoter score – increasing to 76 – reflecting deep customer loyalty, continued confidence and overall support.

ObserveIT plans to use the funding to accelerate innovation for its award-winning insider threat management solutions and to expand its sales and marketing teams.

Blast Bumps Seed Round to $12 Million
Credit: blast.com

Blast, a company that helps people micro-save and earn money while playing games, announced a $12 million top-off of its seed round in conjunction with the launch of its app in the Google Play Store. New investors include personal growth entrepreneur Tony Robbins, Palo Alto-based fintech fund CreditEase, and RX3, an influencer-focused VC fund based in Orange County. Additionally, Zynga, Pocket Gems, and Disruptor Beam have signed on with Blast, which is led by Acorns co-founder and chairman, Walter Cruttenden.

The Android app is designed to provide a way to save money by playing mobile games based on in-game triggers set by the user. Gamers also earn real cash dividends by completing “missions” to explore new games or achieve higher levels in existing games. In addition, the Leaderboard pays cash to the top twenty-five percent of gamers each week, including $1,000 to first place.

Blast works with all mobile games in the Google Play Store, and is compatible with the PC game Counter-Strike: Global Offensive on the Steam marketplace.

Luxury Cashmere Brand Naadam Closes $16 Million Series A
Credit: naadam.co

Naadam, a sustainable, luxury cashmere brand based in New York, raised $16 million in Series A funding led by private equity firm Vanterra Capital, with participation from Torch Capital, U-Start Club, Trail Post Ventures, and Plug & Play Ventures.

Co-founded and launched by Matthew Scanlan, Diederik Rijsemus, and Hadas Saar in 2015, Naadam strives to deliver unparalleled quality cashmere products through a sourcing model that supports supply chain sustainability with non-profit work.

Naadam plans to use the funding to strategically invest in marketing, advertising, and brand communication initiatives to support continued triple digit growth year over year. The new capital will also be used to drive the brand’s retail expansion plan, with permanent brick and mortar locations opening this year.

Dialpad Closes $50 Million in Series D
Credit: dialpad.com

Pure-cloud business communications provider Dialpad raised $50 million in a Series D funding round led by ICONIQ Capital, with participation from existing investors Andreessen Horowitz, Amasia, Scale Venture Partners, Section 32, and Work-Bench. The Series D brings Dialpad’s total funding to date to $120 million.

The latest round follows the recent release of VoiceAI, which Dialpad is currently integrating into its entire product portfolio, including Dialpad, Dialpad Call Center, and UberConference. Dialpad plans to strengthen its VoiceAI-powered standalone call center products for sales and support organizations, and leverage its real-time automatic speech recognition and natural language processing technologies to develop real-time coaching and playbooks that enable users to personalize the customer experience.

The new capital will also be used to accelerate momentum for Dialpad’s real-time AI technology and fortify its overall go-to-market strategy.

AutoTech Startup Get Spiffy Secures $9 Million in Funding
Credit: getspiffy.com

Get Spiffy, Inc., closed $9 million in funding led by existing investors Bull City Venture Partners and IDEA Fund Partners. New strategic investor MANN+HUMMEL was joined in the round by Visionary Private Equity Group, the North Carolina Venture Capital Multiplier Fund, Wolfpack Investor Network, and VentureSouth.

Spiffy is an on-demand technology and services company that allows users to schedule, track, and pay for car services at the time and location of their choosing in less than two minutes with the Spiffy app. Spiffy washes, details, and changes oil using the Spiffy Green environmentally-friendly system. The company currently operates in Raleigh,  Charlotte, Atlanta, Los Angeles, and Dallas.

The company plans to use the funds to broaden car care services, expand geographies, and develop additional channels.

Insurance Tech Startup Raises $2 Million
Credit: mytoweriq.com

TowerIQ, a market neutral communication platform for the insurance industry, secured $2 million in a seed funding round led by Hyperplane Venture Capital, and additional investments from Vestigo Ventures and Clocktower Ventures.

TowerIQ partners with insurance brokers, agents, and carriers to provide policy holders to facilitate user-friendly and compliant communications from application to binding of an insurance policy. TowerIQ brings clients from application to binding by augmenting broker expertise with a low touch technology platform that distributes ingestible data directly to carriers. This frees brokers and agents to focus their efforts on solving the business challenges facing their clients, allowing them and their firms to win more business and improve client retention.