ESS Inc. secured $13 million in Series B financing, led by BASF Venture Capital America. Cycle Capital, Presidio Partners, Pangaea Ventures, and InfraPartners Management also participated in the funding. ESS Inc. manufactures low-cost, long-duration, all-iron redox flow batteries for commercial and utility-scale energy storage applications
Descript secured $5 million in financing from Andreessen Horowitz. Descript is an audio word processing platform that enables editors and producers to edit sound files while a writer edits its lyrics. It offers podcasters, journalists, and musicians the ability to edit single-track audio clips as easily
Automotive technology company Fastlane raised $1.5 million in seed financing, led by Eagle Ventures. By streamlining the purchase process, Fastlane’s automotive dealership ecommerce platform and enterprise solutions – including trade-in, incentives, add-ons, finance, payment, and e-contacting – ensure consumers are able to buy or lease on
Simility secured $17.5 million in financing, led by Accel Partners, with participation from PayPal, The Valley Fund, and Trinity Ventures. Simility helps companies prevent fraud and abuse in real time with machine learning, big data analytics, and data visualization capabilities that enable analysts to create and
ConversionPoint Technologies Inc., an ecommerce technology group, has purchased Sellpoints, Inc., for an undisclosed sum. Sellpoints is an ecommerce technology provider dedicated to helping retailers sell more online. Through its OMNI and ReTargeter platforms, the company has helped online U.S retailers acquire 10 billion hits per
Security startup ShieldX closed $25 million in Series B financing. FireEye, Symantec, Bain Capital Ventures, Aspect Ventures, and Dimension Data participated in the funding. ShieldX’s cloud security strives to protect organizations against cyber threats, regardless of where sensitive data resides or how it moves across
Homeis, a culture network for local, foreign-born communities, acquired $4 million in seed financing, led by Spark Capital, with participation from Canaan Partners, The Chernin Group, and Samsung NEXT. Homeis’s vision is to bring together immigrants around critical tasks, including finding local services, learning about their
Security startup Cog completed $3.5 million in Series A financing. Three investors participated in the round, including Grok Ventures and Rampersand. Cog Systems’ D4 secure platform isolates critical functions and services for the IoT commercial market, proactively securing these devices by reducing the attack surface and
Alchemy IoT, a Denver-Boulder, Colorado-based SaaS company specializing in software that brings business value to the Internet of Things, raised $4 million in seed financing from Aweida Venture Partners. The company’s platform seeks to increase equipment health and uptime, reduce total cost of ownership, and offer
Gremlin acquired $7.5 million in Series A financing, led by Index Ventures. Amplify Partners also participated in the round. Gremlin provides a full suite of tools to run chaos experiments in production. According to the company, its platform minimizes the blast radius with precise failure