Monday, February 18, 2019
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AI Startup PerimeterX Raises $43 Million In Series C Funding

PerimeterX, a company dedicated to addressing information security risks facing enterprises on their web and mobile properties and their APIs, secured $43 million in a Series C funding round led by Scale Venture Partners. Existing investors Canaan Partners, Vertex Ventures, and Data Collective also participated, and were joined by new investor Adams Street Partners.

According to the company, its bot mitigation solution, PX Bot Defender™, analyzes and prevents bot attacks launched from countries around the world utilizing millions of IP addresses and IP enabled-devices. PerimeterX’s API is designed to integrate with a company’s websites, mobile apps, content delivery networks, eCommerce engines, and middleware with minimal disruption and zero downtime.

Zeta Global Appoints Its First Chief Privacy Officer

Data-driven marketing technology company Zeta Global announced Ben Hayes as its first chief privacy officer. A recognized expert in data privacy, compliance, security, and setting enterprise-level privacy guidelines for the transition to cloud-based systems, Hayes is the latest addition to Zeta’s senior management team.

Hayes brings 20 years’ experience to his position. Most recently, he spent four years as Nielsen’s first chief privacy officer, overseeing the company’s global privacy program and building upon its best practices. Prior to Nielsen, he served as the Americas privacy lead for Accenture as it transitioned clients from proprietary data centers to the cloud, and as an attorney for K&L Gates, where he advised clients across a broad range of industries. Hayes has been chair of the Certifications Board of the International Association of Privacy Professionals (IAPP) since 2017.

Zoovu Nabs $14 Million Series B

Leading AI digital sales assistant platform Zoovu closed a Series B funding round led by Target Global and Beringea (Beringea previously led the Series A round). Zoovu has received a total of $25 million in funding to date.

As part of the round, Zoovu announced that Rytis Vitkauskas, venture partner at Target Global, will be joining the company’s board of directors. Vitkauskas has served as a founder, angel investor, and venture capitalist for more than a decade.

The company plans to use the funds to drive further growth and expand into APAC, as well as increase investment in AI and behavioral analytics.

Healthcare Company KenSci Raises $22 Million in Series B Funding

KenSci, a healthcare risk prediction platform utilizing machine learning and artificial intelligence, closed $22 million in a Series B funding round led by Polaris Partners which included existing investors Ignition Partners, Osage University Partners, and Mindset Ventures. UL Ventures joined the round as a strategic investor, offering global reach and compliance expertise.

Founded by Prof. Ankur Teredesai, from the University of Washington Tacoma, and Samir Manjure, a longtime Microsoft executive, KenSci’s risk prediction platform is designed to help health systems across the globe improve the quality of care they provide at lower costs. Built on Azure ML, SQL, and providing insights using Power BI, the platform ingests EMR, claims, billings, pharmacy, wearable, and psychosocial data to identify patterns that help uncover opportunities to save costs and lives.

The company plans to use the funds to overcome challenges in utilization, variation, and hospital operations with data-led predictive insights, and further accelerate KenSci’s product roadmap and global expansion.

Nav Secures $44 Million in Series C Funding

Business financial management app Nav raised $44.8 million in a Series C equity capital round led by Goldman Sachs Principal Strategic Investments with participation from Point72 Ventures, Experian Ventures, Aries, and CreditEase Fintech Investment Fund. Other investors include Silicon Valley staple Kleiner Perkins and Tencent Holdings, a Chinese multinational investment holding conglomerate.

Nav’s goal is to help small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus. According to the company, to date, one million small business owners have access to their credit data and insights powered by Nav.

Nav plans to use the funding to expand enterprise partnerships, introduce more small business owners to its platform, and drive additional data insights for its customers.

Conversation Intelligence Platform Raises $40 Million
Credit:, a conversation intelligence platform that leverages AI to go beyond CRM and transform sales teams, acquired $40 million in Series B funding, bringing the company’s total funding to $68 million. The latest round was led by global investment firm Battery Ventures and Battery general partner Dharmesh Thakker, who will join Gong’s board of directors. Existing investors Norwest Venture Partners, Shlomo Kramer, Wing Venture Capital, NextWorld Capital, and Cisco Investments also participated in the round.

According to the company, Gong uses AI to turn phone, video, and text conversations into mission-critical information that companies use to coach customer-facing teams, increase win rates, and improve strategic decision-making. The platform is designed to become smarter as it analyzes more data, ensuring learnings are refined deal after deal. The Gong platform helps sales leaders at companies including LinkedIn, GE, Drift, and ZipRecruiter achieve success by providing a realistic look at what their best people are doing—from the specific terms they use in sales pitches, to how they structure their calls—so that those tactics and strategies can be replicated. The platform alerts sales leaders exactly when their help is needed and when they should step in to save a deal.

FinTech Startup Jetty Raises $25 Million in Series B Funding

Jetty, a fintech startup providing renters with tools to access rental homes nationwide, closed a $25 million Series B funding round led by Keith Rabois of Khosla Ventures, who will join the company’s board of directors. Existing investors Valar Ventures and Ribbit Capital also participated in the round, which brings the company’s total funding to $40 million.

Jetty plans to use the funds for investments in technology and personnel, expanding its real estate distribution footprint, and leveraging its property management partners.

Komprise Raises $24 Million in Series C Funding

Intelligent data management provider Komprise secured $24 million in a Series C investment round led by Top Tier Ventures, with strategic investment from new investor Western Digital Capital (the strategic investment fund of Western Digital Corp.), and participation from existing investors Canaan Partners and Walden International.

The Komprise Intelligent Data Management platform is designed to allow organizations to manage the complete data lifecycle with data analytics, replication, archive, and migration. The solution is geared to address today’s massive scale of data, saving money and enhancing data management.

This new funding round, which brings the company’s total financing to $42 million, is earmarked to globally boost sales, marketing, product development, and customer support.

Vinli Secures $13.5 Million in Series B Funding

Connected car and data intelligence platform provider Vinli closed $13.5 million in a Series B funding round led by global electric utility provider E.ON, The Westly Group, Hersh Family Investments, and Hal Brierley. Konrad Augustin, investment director at E.ON Scouting and Co-Investments, and Kenneth Hersh, will join Vinli’s board of directors.

According to the company, it is now on the fast track to add electric vehicles to its platform capabilities and expand its data intelligence platform, Era. A machine learning platform that facilitates the streaming from any data source into a secure and intelligent location, Era is designed to provide transparency of data, predictive visibility, and flexibility for real-time business and consumer insights.

The company plans to use the funding to broaden its mobility services and integrations to customers worldwide.

Retail Startup Rebag Announces $25 Million in Series C

Rebag, a retail startup featuring both an online platform and brick-and-mortar locations for buying and selling luxury handbags, acquired $25 million in a Series C funding round led by private equity firm Novator. This round, which included existing investors General Catalyst and FJ Labs, brings the company’s total funding to $52 million.

Rebag’s goal is to revolutionize luxury handbag resale with a transparent, instantaneous resale process featuring upfront payment. Shoppers can access thousands of designer handbags available online or at one of Rebag’s retail locations. The company’s recent offering, Rebag Infinity, allows shoppers to carry a Rebag bag for up to six months and exchange it for credit worth seventy percent of its original purchase price.

Direct-to-Consumer Startup Little Spoon Gaines $7 Million

Little Spoon, a national, direct-to-consumer baby food and early childhood nutrition company, announced the delivery of one million organic meals nationwide in its first year in business, and the closing of $7 million in venture capital. Significant investors include female-led investment fund Vaultier7, Kairos, founding member of Chobani, Kyle O’Brien, Tinder founders Sean Rad and Justin Mateen, Interplay Ventures, SoGal Ventures, and a fund affiliated with the owners of the San Francisco 49ers.

Little Spoon developed Babyblends to provide fresh, high-quality, and healthy organic baby food without the use of preservatives, extreme heat, or trips to the grocery store. Using only organic ingredients, the company’s rotating menu of 50 different recipes featuring 80 different ingredients are designed in partnership with a pediatric nutrition team to ensure a baby’s nutritional needs are satisfied.


HR Platform Namely Appoints Gabrielle Toledano to Its Board

Namely, an HR platform for mid-sized companies, welcomed Gabrielle Toledano to its board of directors.

An advisor who serves on the board of directors for both private and public companies, Toledano brings 25 years of HR leadership experience to the position, including leading global human resources at Tesla and Electronic Arts. Currently, she is an executive in residence at Comcast Ventures, serving as a talent operating partner.

Prior to joining Comcast Ventures, Toledano was chief people officer at Tesla, where she led the human resources, recruiting, environment health and safety, security, and facilities organizations. Earlier, she was the executive vice president and chief talent officer at Electronic Arts, led human resources for Siebel Systems through its sale to Oracle, and served in human resources positions for seven years with Microsoft Corporation and five years with Oracle Corporation. She also previously served on the boards of SHRM and TalentSky, as well as Jive Software and Jhana until they were both sold.