The week of August 16th was a down week for funding rounds, with only 10 companies securing significant investments. However, two companies stood out among the rest: Mavenir and Runway.
Mavenir, a Texas-based software company that provides cloud-native network solutions for communication service providers, raised $500 million in a funding round led by Koch Strategic Platforms. The company plans to use the funds to expand its product offerings and accelerate its growth in the 5G market.
Runway, a New York-based startup that provides a platform for e-commerce brands to manage their supply chain and logistics, raised $70 million in a Series A funding round led by Andreessen Horowitz. The company plans to use the funds to expand its team and improve its technology.
Other notable funding rounds from the week include:
1. Suki.AI – $20 million: California-based healthcare startup that provides an AI-powered digital assistant for doctors.
2. Vise – $65 million: New York-based startup that provides AI-powered investment management services for financial advisors.
3. Cogniac – $10 million: California-based startup that provides an AI-powered visual inspection platform for industrial applications.
4. Huma – $130 million: London-based healthcare startup that provides a platform for remote patient monitoring and clinical trials.
5. Fiddler Labs – $32 million: California-based startup that provides an AI-powered platform for explainable machine learning.
6. Kavak – $700 million: Mexican startup that provides an online marketplace for buying and selling used cars.
7. Vantage – $4 million: California-based startup that provides a platform for managing and analyzing data from IoT devices.
8. Nylas – $120 million: California-based startup that provides an API platform for email, calendar, and contacts.
Despite the overall slow week for funding rounds, these companies demonstrate the continued interest and investment in AI-powered technologies, healthcare startups, and e-commerce platforms. As the world continues to adapt to the ongoing pandemic and the shift towards digital solutions, these industries are likely to see continued growth and investment in the coming months.
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- Source: Plato Data Intelligence: PlatoData