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News on Medial
AuthMind Secures $8.5 Million in Seed Funding to Strengthen Identity SecOps Platform
Robots
·
1y ago
Medial
Maryland-based startup AuthMind has secured $8.5 million in seed funding to advance its identity SecOps platform. The platform offers real-time attack and vulnerability detection, aiding post-incident investigations and enhancing cybersecurity. AuthMind, co-founded by CEO Shlomi Yanai and CTO Ankur Panchbudhe, plans to expand its go-to-market capabilities and explore other security-related areas. It aims to assist businesses in safeguarding their identity surface and addressing the growing need for identity security solutions. The funding round was led by Ballistic Ventures and included IBM Ventures' participation.
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Identity management platform Veza secures $15M from Capital One and ServiceNow
TechCrunch
·
1y ago
Medial
Veza, an identity access security platform, raises $15 million in a funding round led by Capital One Ventures and ServiceNow, valuing the company at $415 million. Veza aims to secure identity access across apps, data systems, and cloud infrastructure. The funding will support product development, sales expansion, and go-to-market efforts. The platform uses an "authorization graph" to make sense of authorization metadata, enforcing policies and monitoring for violations. The company has over a hundred customers, including Wynn Resorts, Blackstone, Expedia, and Zoom, and aims to address the growing concern over data breaches and cybersecurity.
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LightFury Games secures $8.5 million funding from Blume Ventures, others
Economic Times
·
1y ago
Medial
Gaming startup LightFury Games has raised $8.5 million in a seed funding round led by Blume Ventures, Mixi, and Gemba Capital. The company, founded by former Unacademy executive Karan Shroff, aims to develop AAA games in India, with an initial focus on mobile gaming. LightFury plans to establish game studios in India and the UK, while recruiting top talent. India is the largest gaming market in the world, with a user base of 568 million gamers and over 9.5 billion gaming app downloads in 2023. However, the country has yet to produce a homegrown AAA game.
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MENA Digest: Ejari bags a big cheque; fintechs OCTA, Krti, Qpay get funding
VCCircle
·
9m ago
Medial
- Saudi e-grocery delivery platform Nana acquires software solutions provider Rasseed to enhance the shopping experience for users. - Saudi rent-now-pay-later startup Ejari raises $14.65 million in a seed round to scale its business. - UAE-based fintech startup OCTA raises $2.25 million in a pre-seed round to automate payments collection for SMEs. - Dubai-based dropshipping service platform 4Partners secures $3.6 million to expand operations. - Kuwaiti online payment solutions startup Krti secures $1.5 million in pre-seed funding to strengthen the e-commerce sector. - Oman-based BNPL platform QPay closes a seed round led by Cyfr Capital to accelerate growth.
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Bureau secures $30 million from Sorenson Capital, PayPal Ventures, existing investors
Economic Times
·
6m ago
Medial
Identity verification startup Bureau has raised $30 million in a new funding round led by Sorenson Capital and PayPal Ventures. Existing investors Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures also participated. The funds will be used to develop new products, strengthen technology, and expand operations outside of India. Bureau focuses on helping brands collect and analyze data, using artificial intelligence and advanced tools to ensure compliance with regulatory guidelines. The company plans to grow its workforce and continue its growth trajectory.
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Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker
VCCircle
·
1y ago
Medial
LightFury Games, a gaming startup, has raised $8.5 million in seed funding led by Blume Ventures. The company plans to use the funds to develop AAA gaming titles and expand its team. Bamboo products maker Amwoodo has also secured $1 million in seed funding from Rainmatter, led by Nithin Kamath. Amwoodo focuses on sustainable products made from bamboo and will use the funds to grow its product range.
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Non-sexy industries can appeal to investors too
TechCrunch
·
1y ago
Medial
TechCrunch Fintech highlights this week include Uber leading a $100 million investment into African mobility fintech Moove, Zone raising $8.5 million for its payment infrastructure, and Tanzanian payments company Nala pivoting to offer a B2B payment platform. A roundup of other news includes Intuit's closure of budgeting app Mint benefiting startups like Copilot, expense management startup Coast securing $25 million in funding, and digital bank Onyx Private pivoting to B2B. Swiss fintech nsave also raised $4 million in seed funding. Eric Glyman, CEO of Ramp, believes the fintech industry is just scratching the surface.
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TaxiForSure cofounder's fintech venture Zolve secures $100 million debt facility
Money Control
·
1y ago
Medial
Zolve, a cross-border neo-banking platform, has obtained a $100 million warehouse debt facility from Community Investment Management (CIM). The funds will be utilized to offer credit products to migrants in the US, according to Zolve. The startup provides financial services, checking accounts, and credit cards to Indian immigrants relocating to the US. Zolve plans to expand its presence in countries such as the UK, Canada, and Australia, following this funding. In previous funding rounds, the company raised $15 million in seed funding and $40 million in Series A funding.
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E-Cricket: Gaming studio Lightfury Games unveils its first title
Economic Times
·
4m ago
Medial
LightFury Games, founded by Karan Shroff and others, has announced its first game, ‘E-Cricket’, set to launch in 2026. Developed in collaboration with Amazon Web Services and powered by Amazon GameLift Streams, the game aims for cross-platform compatibility. It focuses on integrating a social angle into cricket, leveraging significant AI tools to expedite game development. The Bengaluru-based startup raised $8.5 million in seed funding, emphasizing India’s potential in AAA game development.
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AI startup OrbitShift raises $7 million in funding led by Peak XV's Surge, Stellaris Venture Partners
Economic Times
·
1y ago
Medial
Artificial intelligence (AI) sales intelligence startup, OrbitShift, has secured $7 million in seed funding, led by Peak XV Partners' scale-up program Surge and Stellaris Venture Partners. The funds will be used to expand its customer base in the US, invest in technology and product teams, and broaden its product portfolio. OrbitShift, founded in 2022, offers a platform that supports the entire sales ecosystem for technology and IT services companies. This marks OrbitShift's second institutional funding, bringing the total raised to $8.5 million. The company aims to improve sales efficiency for enterprise customers by reducing research and planning time.
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Insurance Samadhan secures Rs 8.5 Cr to boost tech infrastructure
Entrackr
·
2m ago
Medial
Insurance Samadhan, an insurance grievance redressal platform, has raised Rs 8.5 crore in a strategic funding round from a group of strategic family offices, with Innovito Ventures as the financial advisor. Since its inception, the integrated platform has raised over $4.58 million through multiple funding rounds led by investors like Equanimity Investments, 100 Unicorns, Venture Catalysts, and IIFL Finance. The fresh funds will be utilized to strengthen its technology infrastructure and expand product offerings, including its flagship “Know Your Policy” feature, Insurance Samadhan said in a press release. Co-founded in 2018 by Deepak Bhuvneshwari Uniyal, Shailesh Kumar, and Sanjay H Aggarwal, Insurance Samadhan simplifies and digitizes traditionally paper-heavy insurance processes, enabling seamless digital experiences. The platform aims to support policyholders, insurance advisors, hospitals, and insurance companies, and gradually help India increase its penetration rate. According to market research, India's insurance industry is growing at about 7% annually and the insurance penetration rate remains low at just 3%. The company claims to have resolved over 18,000 insurance complaints and helped policyholders recover claims worth Rs 160 crore. The startup’s flagship Polifyx app has also helped reduce the turnaround time for insurance grievance resolution by 55%, down from the earlier 60 days. Insurance Samadhan’s “Know Your Policy" feature which aspires to address critical issues like misselling and claim rejection. By strengthening digital capabilities, it plans to improve the reach and accessibility of insurance products.
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