Friday, May 24, 2019
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General Automation Platform Raises $37 Million in Series B
Credit:, a general automation platform with the goal of putting software integrations and enterprise-class automation into the hands of citizen automators, closed a $37 million Series B funding round led by Spark Capital, with participation from Meritech Capital and existing investors GGV Capital, True Ventures, and Mosaic Ventures. Spark Capital’s Alex Clayton will also join the company’s board of directors.

According to the company,’s automation platform empowers line-of-business professionals to capture efficiency and revenue gains with automated workflows that give users full control of their data. Developers and IT professionals also use the company’s products as a centralized platform to build and maintain enterprise-wide integrations without extensive engineering resources.

The company plans to use the funding to support strategic hiring and continued product development.

Garrett Reynolds Joins Joveo As VP Worldwide Customer Success

Joveo, a leading programmatic job advertising platform, appointed Garrett Reynolds as its new vice president of worldwide customer success.

Reynolds brings 20 years of experience leading post-sales delivery teams for enterprise software platforms. Previously, he served as an executive leader and architect of customer success programs at ServiceNow, Salesforce, and Siebel, as well as several startups. His experience encompasses success, advisory, product, implementation, and support roles across a range of industries.

According to the company, Reynolds’ addition to the leadership team further strengthens its commitment to providing a world-class customer experience and to helping customers realize immediate value in their recruiting efforts.

BioTech Startup 908 Devices Secures $17.5 Million in Funding

908 Devices, a company providing analytical devices for chemical and biomolecular analysis, closed $17.5 million in a Series E growth equity funding round led by Northpond Ventures, a science and technology global venture capital firm. New investor Sands Capital Ventures, a venture capital firm investing in innovative and scalable businesses, joined returning investors ARCH Ventures, Razor’s Edge Ventures, Saudi Aramco Energy Ventures, Schlumberger, Tao Capital Partners, and Casdin Capital in the round. Northpond’s co-founder and partner, Sharon Kedar, will also join the company’s board of directors.

According to the company, this funding brings its total to $70 million, making it the most well-resourced upstart in the mass spectrometry market. 908 Devices plans to use the funding to continue forging long-term partnerships with customers.

KeepTruckin Raises $149 Million in Series D Funding

Fleet management network KeepTruckin secured $149 million in a Series D investment led by Greenoaks Capital, with participation from existing investors IVP, GV, Index Ventures, and Scale Venture Partners. The latest round brings the company’s total funding to $228 million.

Using freight data analytics, KeepTruckin’s fleet management solutions and its partner network tackle vehicle and driver compliance, safety, and freight tracking, and strive to keep 250,000 vehicles and 50,000 for-hire carriers full and on the road.

KeepTruckin plans to use the funds to hire exceptional talent, invest in hardware, build strong partnerships, and further its advancements in machine learning.

Digital Banking Startup Technisys Closes $50 Million Series C

Technisys, a digital banking software platform provider, secured $50 million in its latest Series C financing round led by Riverwood Capital.

Technisys strives to provide challenger and established banks with a scalable and flexible software platform that allows customers to bring positive, smart, and compelling experiences to their digital consumers.

The company plans to use the funding to grow its technology investments, expand its product portfolio, and achieve global reach.  

Consumer Tech Brand PAX Secures $420 Million in Funding

PAX Labs, Inc., acquired $420 million in equity financing from global institutional investors representing technology, healthcare, consumer products and diversified public equities, including existing investors Tiger Global Management and Tao Capital Partners.

A self-professed leader in the design and development of premium app-controlled vaporization technologies and devices, PAX strives to take the guesswork out of cannabis through its flagship vaporizers—PAX Era for concentrates and PAX 3 for flower—as well as its mobile app, which are designed to allow consumers to control the temperature and draw strength, providing greater predictability in each session.

According to the San Francisco-based company, PAX has sold 500,000 Era devices for oil concentrates and one million devices in the flower vaporizer category.

Credit:, the creator of the first Talent Intelligence Platform, added IVP to its growing list of investors to its $28 million Series C financing round, joining Foundation Capital and Lightspeed Ventures (who led previous funding rounds). This brings’s total funding to $55 million, making it a well-capitalized AI solutions for talent management.

Built by distinguished Google and Facebook engineers and co-founders Ashutosh Garg and Varun Kacholia,’s Talent Intelligence Platform is designed to empower chief executives and chief human resource officers in hiring and retaining top talent. The patented artificial intelligence-based platform has secured new customers in four continents since emerging from stealth mode one year ago.

TypingDNA Appoints Terry Freeman as VP of Sales

Typing biometrics solutions provider TypingDNA tapped Terry Freeman as its new vice president of sales. A former US Naval Flight officer, Freeman is a sales director with 20 years of experience and a proven sales record in the cybersecurity industry.

Freeman’s expertise brought growth for enterprises such as Bitdefender, Symantec, Oracle, Fortune 500 companies, and government agencies. His most recent role was director of sales for North America at Bitdefender, where he created and enhanced the US partner network and grew relationships with North American businesses. Freeman will contribute to TypingDNA’s mission to expand into the US market.

Security Industry Startup ZeroNorth Raises $10 Million in Series A
Credit: | ZeroNorth CEO

Security industry orchestrated risk management provider ZeroNorth™ (formerly known as CYBRIC) launched with a $10 million Series A investment led by ClearSky Ventures with participation from Crosslink Capital, Rally Ventures, and existing investor Petrillo Capital. This round brings the company’s total funding to $18.6 million.

According to the company, organizations including Rodan & Fields, the University of Massachusetts, and Zerto rely on ZeroNorth to proactively manage software and infrastructure risks.

ZeroNorth plans to use the funds to accelerate its newly-extended focus on software and infrastructure risk management by strengthening its research and development, and investing in sales, marketing, and services.

IoT Security Platform VDOO Gains $32 Million in Series B

VDOO Connected Trust Ltd., a company offering security automation for embedded devices, raised $32 million in Series B funding led by venture capital firms WRVI Capital and GGV Capital. NTT DOCOMO, MS&AD Ventures, Galileo Technologies founder Avigdor Willenz, 83North, Dell Technology Capital, and David Strohm—who led the company’s initial financing— also participated in the round. This brings the company’s total funding to $45 million.

VDOO set its sight on becoming the industry’s first end-to-end security solution for embedded devices of any type. The company plans to use the funds to increase market adoption of its IoT security platform while also expanding its technical capabilities.

Digital Health Company EverlyWell Gains $50 Million in Funding

EverlyWell acquired $50 million in a financing round led by long-time investors Goodwater Capital and Highland Capital Partners. Next Coast Ventures, NextGen Venture Partners, and SoGal Ventures also participated.

According to the company, seven billion lab tests are run annually in the US, and lab testing is used in 70 percent of medical diagnoses. EverlyWell’s digital platform is designed to connect consumers with existing, independent, certified labs for at-home collection tests that are ordered and reviewed by board-certified physicians. The company says that once a sample is submitted, online results with evidence-based insights, suggestions, and next steps are provided to consumers within days.

EverlyWell plans to use the funding to expand its digital platform and scale existing partnerships with CVS and Humana.

Spur Secures $8 Million Series A Funding

Employment platform Spur raised $8 million in a Series A funding round led by Third Prime with participation from Mark Bezos and John Griffin, founder of Blue Ridge Capital. Spur also appointed Bezos to its board of directors. According to the company, this investment marks one of the largest venture rounds ever raised by an Alabama-based business.

Spur’s platform is designed to offer hotels, restaurants, and other businesses with hourly workforces a managed solution for their employment needs that saves them time and money, while also improving the benefits and services available to the workforce.