Fintech company AvidXchange announced it has secured $300 million in financing. Four investors contributed to the round: MasterCard, Temasek Holdings, Investor, and CDC - Caisse des Depots. AvidXchange, Inc., provides accounts payable and on-demand invoice management solutions. It offers AvidInvoice, a Web-based paperless accounts payable solution
Artificial Intelligence startup Beyond Limits announced the completion of $20 million in Series B financing from BP Ventures. Beyond Limits aims to transform proven space and defense AI technologies from NASA and the U.S. Department of Defense into innovative solutions to address large and emerging markets. The
Martech startup Automat completed $8 million in Series A financing. Six investors contributed to the round: New York-based You & Mr. Jones Brandtech Ventures, Comcast Ventures, Omidyar Technology Ventures, Relay Ventures, Real Ventures, and USAA Ventures. Automat helps companies use AI to talk to their customers,
Ecommerce technology startup BigCommerce completed $5 million in financing from an undisclosed investor. BigCommerce is a SaaS provider for merchants running online businesses, and it has processed more than $9 billion in sales through its platform. Each month, thousands of merchants set up shop on BigCommerce,
Software startup Algolia completed $53 million in Series B financing. Eight investors participated in the round, including Accel Partners, SaaStr Fund, Alven Capital Partners, Point Nine Capital, and Storm Ventures. Algolia’s goal is to be the most reliable platform for building search. The company’s hosted search
Fintech startup Canalyst announced it has raised a new round of financing from WorldQuant Ventures. Canalyst is an equity research platform that aims to help institutional analysts and portfolio managers save time on research and generate better investment ideas. Canalyst’s product is especially geared toward doing
Cognata completed $5 million in financing. Three investors participated in the round: Emerge.be, Airbus Ventures, and Maniv Mobility. Cognata provides a fast lane to autonomous driving with its testing and evaluation solution for self-driving vehicles -- a realistic automotive simulation platform in which virtual cars travel
Anord Control Systems closed a new round of financing from Bertram Capital. Anord Critical Power, Inc., based out of Sandston, VA, is the U.S. subsidiary of Anord Control Systems Ltd., a leading independent provider of critical power infrastructure to the global data center industry.
Electronics startup CircuitHub announced it has raised $2 million in financing from an undisclosed investor. CircuitHub claims to be the first electronics manufacturing service built for hardware startups. The company enables hardware startups to scale their manufacturing from one to 10,000 units at the click of
Malaysian startup Carsome announced it has raised $6 million in financing. Five investors participated in the round, including Gobi Partners, Lumia Capital, Innoven Partners, and 500 Startups. Carsome.my is Malaysia's first car shopping portal that connects car buyers to dealers for faster and easier car buying