Sunday, April 22, 2018
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Harbor Platform Secures $28 Million

Harbor acquired $28 million in funding in a round led by Founders Fund, with participation by existing investors Craft Ventures, Vy Capital and Valor Equity Partners. New investors in the round included Andreessen Horowitz and Pantera Capital, as well as Future Perfect Ventures, 1confirmation, Abstract Ventures, and Signia Venture Partners. Individual investors included Nicolas Berggruen of Berggruen Holdings, Napoleon Ta of Founders Fund, and Kyle Samani and Tushar Jain of Multicoin Capital.

According to the company, Harbor is reengineering private securities with blockchain technology to provide tokenized securities backed by real-world assets, such as real estate, company equity, investment funds, and fine art. The Harbor platform, powered by its compliance protocol, ensures tokenized securities comply with existing securities laws on every trade, everywhere across the globe.

project44 Raises $35 Million

Transportation startup project44 secured $35 million in new funding led by OpenView, with additional investment from new investor 8VC, and existing investors Emergence Capital, eBay founder Pierre Omidyar’s firm Omidyar Technology Ventures, Chicago Ventures, and Pritzker Group Venture Capital.

project44 brings shipment data and supply chain visibility by distilling shipments into six universal automations that remedy the black box industry’s pain points – pricing, routing, scheduling, tracking, delivery documentation, and payments.

According to the company, they’ve expanded their North American coverage to include rail and parcel shipments, in addition to full truckload, less-than-truckload (LTL) and Volume LTL, and have also grown revenue by over 446 percent in the last 12 months. Customers include GE Transportation, Uline, Technicolor, ABB, Steelcase, Echo Global Logistics, RR Donnelley, Worldwide Express, Schneider Logistics, and GlobalTranz.

Tempo Closes $20 Million in Series B

Tempo secured $20 million in Series B funding to increase its manufacturing capacity and double its team in key roles in software engineering, sales, and manufacturing. The round was led by P72 Ventures, with participation from existing investors Lux Capital, Uncork Capital and AME, and new investors Industry Ventures, Dolby Ventures, and Cendana.

Hardware companies use Tempo’s service to rapidly prototype printed circuit board assembly (PCBA) designs and get them to market faster. According to the company, Tempo’s strength is in “connected manufacturing,” so design data from the customer uploads directly interface with the robots on the floor, eliminating manual setup and speeding up the manufacturing process. For engineers, this also means they can focus on engineering and less project management. Engineers simply upload a CAD design, get a real-time quote and design for manufacturing feedback, track the order through each process, and get fully assembled boards straight to their desk.

First Responder Platform Raises $16 Million

RapidSOS, an advanced emergency technology company, earned an additional $16 million in funding led by Highland Capital Partners with participation from Microsoft Ventures and CSAA Insurance Group. Founded in 2013, RapidSOS has raised over $30 million.

The company spent the past five years working in partnership with the public safety community to develop an advanced emergency platform to link Internet of Things devices directly to 9-1-1 and first responders in an emergency. Data from connected devices—such as real-time health data from wearables, telematics from connected cars, smoke density from smart homes, and  precise location from mobile devices— provide unprecedented situational awareness for first responders, speeding response and saving lives.

Saviynt Announces $40 Million in Series A Funding

Identity Governance and Administration (IGA) solutions provider Saviynt announced that Carrick Capital Partners has committed $40 million to its Series A financing round.

According to the company, it delivers next-generation IGA solutions through its integrated, cloud-based platform for organizations to secure their most critical assets, manage data privacy and risk, meet continuous compliance needs, and securely adopt new technologies with confidence.

Carrick’s financing will be used by Saviynt to expand U.S. and international field operations, build out its ecosystem of technology and system integration partners, accelerate delivery product roadmap of advancements, and deepen the company’s customer service and support functions.

HYPR Appoints Seth Robbins as Chief Revenue Officer

HYPR Corp., a provider of enterprise-facing decentralized authentication solutions, announced that Seth Robbins has joined the company in the new role of chief revenue officer and will be responsible for HYPR field operations, customer success, and global go-to-market.

Robbins previously served as vice president of WW field operations and was responsible for pre- and post-sales support at Fireglass, which was acquired by Symantec. Under his leadership, the company saw 400 percent growth from 2016 to 2017 and won numerous blue-chip customers. Prior to Fireglass, Robbins held the position of vice president of sales, NA East & EMEA for Bromium, Inc., a pioneer in defeating end-user based advanced threats. He joined Bromium pre-revenue, and during his tenure he led its growth to $25 million in 2015.

Skincare Startup Carpe Secures $2.3 Million To Fight Hyperhidrosis

Carpe, a skincare startup offering over-the-counter relief for excessive hand and foot sweating to 365 million hyperhidrosis sufferers worldwide, raised $2.3 million in seed funding. The round was co-led by the the University of North Carolina’s Carolina Angel Network and Duke University’s Duke Angel Network, and included LaunchCapital, Rubicon Venture Capital, and Triangle Angel Partners.

Carpe was founded in 2015 by lifelong hyperhidrosis sufferers—and University of North Carolina alumnus—David Spratte and Kasper Kubica when they were college sophomores. Carolina Angel Network’s managing director Randy Myer said, “Often I see college students with big dreams, but these founders made their dream a reality—and our universities are proud to stand behind them.”

Charleston Startup Ceterus Raises $10 Million in Series B

Ceterus, a software-as-a-service company closed $10 million in venture capital for their Series B funding round led by Harbert Growth Partners, TechOperators, GroTech Ventures, Idea Fund Partners, and Alerion Ventures.

Ceterus’ Edge Automation system automates entries into QuickBooks Online and aggregates financial data to provide peer benchmarked reporting. Headquartered in Charleston, South Carolina, Ceterus has been named to the Inc. 5000 and South Carolina’s Best Places to Work for the past two years.

Ceterus will use the new funding to continue platform enhancements focusing on additional functionality for multi-unit entrepreneurs and CPA firms. Extends A1 Funding Round
Credit:, a conversation intelligence platform for sales teams, received an investment from Cisco Investments in an A1 funding round extension.

According to the company, automatically records, transcribes, and analyzes every sales conversation so businesses can replicate successful discussions, coach their reps, and ramp up new hires faster. It plans to make its debut appearance at the Cisco Live conference June 10th in Orlando, Florida.

“Cisco Invests in companies that capture major market transitions,” said Rob Salvagno, vice president of Corporate Development and Cisco Investments. “Gong’s introduction of contextual and action-driven artificial intelligence specifically tailored for sales conversations represents a major overhaul in the way companies engage with customers, and augments collaboration tools to make them more valuable to businesses.”

Drift Announces $60 Million in Series C Led by Sequoia

Conversational marketing and sales platform Drift gained $60 million in Series C financing led by Sequoia Capital. Previous investors CRV and General Catalyst also participated in the round.

Replacing the traditional B2B marketing and sales process, Drift connects businesses with leads in real-time, 24/7, and helps them have real conversations with qualified buyers. It’s designed to provide a modern buying experience, generate leads, and accelerate the sales cycle.

According to the company, there are now over 100,000 businesses using Drift from around the world, including AdRoll, Cornerstone OnDemand, Dyn, InVision, MongoDB, Vidyard, and Zuora.

AppOnboard Closes $15 Million in Series A Funding

AppOnboard, a mobile technology platform for app developers, raised $15 million in Series A funding led by Korea Investment Partners (KIP), alongside Mirae Asset Management, Mantaray, MTG, and Runa Capital, who join existing investors London Venture Partners, Troy Capital Partners, and Ophir Capital Group.

AppOnboard’s technology allows developers to preview apps or games in high-end experiences served in other mobile apps and games. Known as full-fidelity demos, they mirror the actual app or game experience, including 3D. The company says these demos have driven over a billion interactions since launch: millions of rooms were designed, 500,000 home runs were hit, 30,000 hours were spent racing, and 1,000 hours were spent meditating during AppOnboard demo sessions.

Law SaaS Platform Raises $12 Million in New Funding

LawGeex, a contract review automation platform for businesses, closed a $12 million funding round led by venture capital fund, Aleph. Previous investors, including Lool Ventures, also participated in this round.

According to the company, the SaaS platform is disrupting the $700 billion legal services market by using AI to review and approve everyday business contracts before signing. In a study carried out in collaboration with academics at leading universities, LawGeex’s AI bested U.S. lawyers by accurately spotting risks in everyday business contracts with 94 percent accuracy, while the lawyers achieved an average of 85 percent.

The additional capital will be used by LawGeex to deepen its product offering and open its New York office.