Good Morning Monday! Let's explore what's new in the startup world. Here are the latest weekly startup stories for you. Have a proactive week ahead.
8th February, Monday
Picture Courtesy: Getaway
1. Getaway raises $41.7 Million
The Getaway approach seemed to resonate in 2020, with bookings increasing 150% year-over-year and the startup’s Outposts operating at nearly 100% occupancy and today it’s announcing that it has raised $41.7 million in Series C funding. Read more
2. Indian health tech startup Phable raises $12 million to serve patients with chronic conditions
Phable, a three-year-old health tech startup that is serving patients with chronic illnesses in India, has raised $12 million in a new financing round as it looks to scale in the world’s second most populated nation.
3. InEvent raises $2M for its virtual conference platform
InEvent, a startup powering virtual and hybrid events, is announcing that it has raised $2 million in seed funding from Storm Ventures. Read More
9th February, Tuesday
Picture Courtesy: John Lund / Getty Images, Techcrunch
1. SentinelOne to acquire Scalyr for $155M
SentinelOne, a late-stage security startup that helps customers make sense of security data using AI and machine learning, announced today that it is acquiring high-speed logging startup Scalyr for $155 million in stock and cash. Read More
2. A startup making hydrogen extracts cash from Bill Gates’ climate tech fund
C-Zero is developing a technology that converts natural gas to hydrogen, a much cleaner source of fuel, and solid carbon as the only waste stream for use in electrical generation. Read More
3. Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A
Justo, an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. Read More
10th February, Wednesday
Picture Courtesy: Techcrunch
1. Mighty Buildings nabs $40M Series B to 3D print your next house
The company takes a hybrid approach to home construction, combining 3D printing and prefab (meaning built offsite) building, according to co-founder and COO Alexey Dubov. Read More
2. TomoCredit raises $7M to help the cash rich and credit poor
Co-founder and CEO Kristy Kim came up with the concept for the company after being rejected multiple times for an auto loan while in her early 20s. Read More
3. Israeli startup CYE raises $100M to help companies shore up their cyber-defenses
Cybersecurity startup CYE has raised $100 million in a new growth round, led by investment firm EQT and with participation from 83North. Read More
11th February, Thursday
Picture Courtesy: Quilt
1. Quilt raises $3.5 million in seed
Quilt allows anyone to start a room for a conversation, dropping a line or two of text to describe what they want to talk about. Read More
2. Lang.ai snags $2M to remove technical burden of implementing AI for businesses
The company’s SaaS platform aims to allow business users to structure any free-text data with custom categories built through a drag & drop interface, based on AI-extracted concepts. Read More
3. Accord launches B2B sales platform with $6M seed
The founders of Accord, an early-stage startup focused on bringing order to B2B sales, are not your typical engineer founders. Read More
12th February, Friday
Picture Courtesy: Intenseye
1. Intenseye raises $4M to boost workplace safety through computer vision
Workplace injuries and illnesses cost the U.S. upwards of $250 billion each year, according to the Economic Policy Institute. -backed startup Intenseye, a machine learning platform, has raised a $4 million seed round to try to bring that number way down in an economic and efficient way. Read More
2. Treinta announces $500K+ in funding for its microbusiness financial app
Treinta, a startup that is part of the Winter 2021 Y Combinator cohort, announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses. Read More
3. Reduct.Video raises $4M to simplify video editing
The startup’s technology is already used by customers including Intuit, Autodesk, Facebook, Dell, Spotify, Indeed, Superhuman and IDEO. And today, Reduct is announcing that it has raised a $4 million round led by Greylock and South Park Commons. Read More
13th February, Saturday
Picture Courtesy: Immunai
1. Immunai raises $60M as it expands from improving immune therapies to discovering new ones,
Immunai’s approach to developing new insights around the human immune system uses a “multiomic” approach — essentially layering analysis of different types of biological data. Read More
2. A Dallas-based founder looks to tackle the student loan crisis with his startup, College Cash
College Cash allows brands to petition users to create photo and video marketing content highlighting their product or service, with the wrinkle being that content creators are paid by the brands in the form of credits that go directly toward paying down their student loan debt. Read More
3. Online workspace startup Notion hit by outage
Notion, the online workspace startup that was last year valued at over $2billion, was knocked offline after a DNS outage. Read More
14th February, Sunday
1. Tech startups enable surgeons to supervise operations remotely during the pandemic
Several startups have found a solution, allowing surgeons to work and train from home using technology for virtual and augmented reality. Read More
If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.
Startup News: 1st February 2021 - 7th February 2021
Startup News: 25th January 2021 - 31st January 2021
Startup News: 18th January 2021 - 24th January 2021
Startup News: 11th January 2021 - 17th January 2021
Startup News: 4th January 2021 - 10th January 2021
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.
