Startup News: 26th October 2020 - 1st November 2020

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New Month. New Goals. Before anything else, let's discover what's new on the table. Here is the last week startups news round to explore!

 

26th October, Monday

 

Startup News Opengrowth

 

1. TechSee raises $30 million to streamline field service work with AR and computer vision

TechSee, an “intelligent visual assistance” company, today closed a $30 million investment round led by OurCrowd, Salesforce Ventures, and Telus Ventures. The startup says the capital injection will be used to enter new markets and verticals while expanding TechSee’s product offerings and capabilities. Read more, click here.

 

2. Ant Group raises $34.4 billion in the biggest IPO of all time

Chinese fintech giant Ant Group raises $34.4 billion in its dual initial public offering, making it the biggest listing of all time. Read more, click here.

 

3. Virtual events startup Hubilo secures seed funding in Lightspeed-led round

US Based Hubilo provides a platform for companies to hold virtual and hybrid events. It has raised US$4.5 million in a seed round of funding led by venture capital firm Lightspeed. Read more, click here.

 

27th October, Tuesday

 

Startup News Opengrowth 27th Oct

 

1. Panoply raises $10M for its cloud data platform

Panoply, a platform that makes it easier for businesses to set up a data warehouse and analyze that data with standard SQL. it has raised an additional $10 million in funding from Ibex Investors and C5 Capital. Read more, click here.

 

2. StackHawk just raised a $10 million Series A to help developers secure their code

Denver's StackHawk has raised a $10 million Series A round of funding round led by Sapphire Ventures. The latest startup to emerge in the hot developer security sector, read more, click here.

 

28th October, Wednesday

 

Startup News

 

1. Enso Security raises $6M for its application security management platform

Enso Security, a Tel Aviv-based startup that is building a new application security posture management platform, today announced that it has raised a $6 million seed funding, Discover more, click here.

 

2. Lunchbox raises $20M to help restaurants build their own ordering experiences

Lunchbox,is a startup that allows restaurants to build ordering experiences on their own websites and apps. It has raised $20 million in Series A funding. Explore more, click here.

 

3. Priori raises $6.3M to help large companies hire outside legal help

Priori launched as a legal marketplace for small and medium businesses,A startup rethinking the way that large corporations hire outside counsel, has raised $6.3 million in Series A funding. Get on details, click here.

 

4. Pulumi raises $37.5M Series B for its cloud engineering platform

Pulumi, Seattle-based one of the newer startups in the ”infrastructure-as-code” space, announced that it has raised a $37.5 million Series B funding round led by NEA. Explore more, click here.

 

5. Robust.AI raises a $15M Series A to improve problem solving for collaborative robots

At the core of Robust.AI are plans to build “the world’s first industrial-grade cognitive engine for robots, today announced that it has raised a $15 million Series A, led by Jazz Venture Partners. Read more, click here.

 

29th October, Thursday

 

Startup News Opengrowth

 

1. Developer productivity tools startup Raycast raises $2.7M from Accel

Raycast is a developer-focused productivity tool that aims to be the quickest way to get common tasks done. The team has raised new funding from Accel months after graduating from Y Combinator. Read more, click here.

 

2. Apple To Create Search-Like Technology -- It's Not A Search Engine

Apple controls the default browser on iOS, so expanding into search might seem like a natural fit for the company founded by Steve Jobs, Steve Wozniak and Ronald Wayne -- but it’s not as simple as developing a new engine. Read more, click here.

 

3. With a female CEO SINAI raises $3.8m for decarbonization cloud platform ZDNet

The San Francisco-based SINAI helps large companies decarbonize by offering a platform that tracks assets and energy use. Silicon Valley investors are starting to turn towards ecological investments and to more diversity with female-led startups. Read moe, click here.

 

4. Slingshot Aerospace raises $8 million to help it expand to new verticals beyond aerospace and defense

Slingshot was founded three years ago to help turn Earth and space-based observation data into something useful. now the startup has raised an $8 million Series A to grow its team and expand its focus to new industries beyond the aerospace and defense customers. Read more, click here.

 

5. Peel-Works Raises $3 Mn From BlackSoil Capital

Peel-Works’ retail management platform Taikee announced that it has secured venture debt of around $1 million from BlackSoil Capital. The startup will use the proceeds to expand its network across the country. Read more, click here.

 

30th October, Friday

 

Startup News Opengrowth 30th Oct

 

1. Electric vehicle start-up Fisker surges 13% in NYSE debut

California-based Fisker is among a growing group of speculative electric vehicle start-ups going public through deals with SPACs. The stock jumped as much as 19% to $10.66 during its first day of trading. Read more, click here.

 

2. ISRO’s Antrix Corp Asked to Pay $1.2 Billion To Bengaluru Start-Up

Antrix Corporation,the commercial arm of Indian Space Research Organisation (ISRO), A US court has asked to compensate a Bengaluru-based startup with a payment of $1.2 billion for cancelling a satellite deal in 2005. Read more, click here.

 

3. AI start-up Tango Eye secures seed funding, targeting $5 million

Tango Eye uses AI software that studies shoppers through in-store CCTV cameras and provides insights to store owners who use this data to do better business. Earlier this year, targeting 10,000 retail stores that it hoped to get on board its AI tech. Read more, click here.

 

4. P&G Sets Up INR 400 Cr ‘India Growth Fund’ To Localise Manufacturing

P&G plans to partner with suppliers in India to localise the manufacturing of goods. The new fund is a part of P&G India’s ‘vGROW’ programme. Read more, click here.

 

31st October, Saturday

 

Startup News Opengrowth 31th Oct

 

1. Nestlé acquires healthy meal startup Freshly for up to $1.5B

Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home in weekly orders. Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Read more, click here.

 

2. Ex-Uber CEO and billionaire Ryan Graves backed sustainability startup Emitwise in a $3.4 million funding round after seeing

Emitwise, the London-based sustainability startup, just raised $3.4 million in a seed funding round backed by Ryan Graves, the first employee and one-time CEO of Uber. Founded in 2019. Read more, click here.

 

3. Kid Cudi to establish interactive live music app, Encore

Kid Cudi has teamed up with Hollywood producer, writer, director, Ian Edelman, along with start-up pundit and software engineer, Jonathan Gray, to produce Encore—a new app designed to bring together artists and fans. Read more, click on the link.

 

4. Team co-governor Steve Pagliuca invests $2m in Indian gaming startup

Boston Celtics team governor and co-chairman of private equity firm Bain Capital Steve Pagliuca has invested in Indian gaming start-up WinZO, according to Business Insider’s Sanchita Nash. Explore more, click here.

 

1st November, Sunday

 

Startup News Opengrowth 1st November

 

1. RAISE 2020: Deep tech startup RoadMetrics crowdsources data to map road information at scale

Bengaluru-based deep tech startup RoadMetrics’ AI-based solution uses image and sensor data obtained from smartphones to help enterprise mapping firms and smart city bodies with analytics on road networks. Read more, click here.

 

2. How a jewelry designer went in just 3 years from launching her startup from her dorm room with $25k to partnering with Michelle

Shilpa Yarlagadda was in between her freshman and sophomore years at Harvard, she had an idea. At the time, she was a computer science major with no experience in jewelry. Read more, click on link.

 

We, at OpenGrowth, are constantly looking for latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.

 

News Curated by: Priya Nath

Priya is an enthusiastic person who believes in gender equity and social impact. She has a keen interest in startups. Her passion includes owning innovative gadgets, networking and psychology.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Editor , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


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