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Camus Energy Raises 10M in Series A Extension; Brings Total Round to $26M

Finsmes · 1y ago

Camus Energy Raises 10M in Series A Extension; Brings Total Round to $26M

Camus Energy, a San Francisco-based grid orchestration platform provider, has raised $10 million in a Series A extension round, bringing the total amount raised to $26 million. The funding was led by Congruent Ventures and Wave Capital, with participation from other investors including Align Impact, Remarkable Ventures Climate fund, and Groundswell Ventures. The company plans to use the funds to expand its customer base, invest in research and development, and enhance its partner ecosystem to fast-track the transition to a zero-carbon grid.

Related News

The Carevoice raises $10M Series B, bucking the funding slowdown in health tech

TechCrunch · 1y ago

The Carevoice raises $10M Series B, bucking the funding slowdown in health tech

Insurtech start-up, The Carevoice, has raised $10m in a series B funding round led by Apis Insurtech Fund I. The Shanghai-based embedded insurance solution provider plans to use the funding to expand its partnerships with insurers globally and invest in its operating system for insurers, CareVoiceOS. The Carevoice offers embedded insurance solutions, helping third-party companies integrate insurance products into their customer experiences. The latest funding brings the company’s total capital raised to around $20m. Despite a slowdown in venture investment, The Carevoice doubled its revenues in 2023 and is set to achieve $10m in revenues this year.

Hair care brand Arata raises $4 million in series A funding led by Unilever Ventures

Economic Times

Economic Times · 7m ago

Indian hair care brand Arata has secured $4m in a series A funding round led by Unilever Ventures, with participation from L'Oréal's corporate venture capital fund, Bold. The investment brings Arata's post-money valuation to INR 195 crore ($26m). The company plans to use the funding to expand its research and development efforts in hair and scalp solutions, strengthen its content and marketing strategies, and focus on talent acquisition. Arata, founded in 2018, offers hair growth, care, dandruff treatment, styling, and maintenance solutions for various hair types.

REDEX Group raises $10M Series A funding led by Aramco Ventures

Startup News FYI

Startup News FYI · 1y ago

REDEX Group raises $10M Series A funding led by Aramco Ventures

REDEX, Asia's leading Renewable Energy Certificates (RECs) solutions provider, has successfully raised USD 10 million in a Series A funding round led by Aramco Ventures. The funding will enable REDEX to expand its operations beyond Asia and enhance the digitization and efficiency of RECs issuance and trading. The company offers a comprehensive suite of RECs management solutions and aims to accelerate the global transition towards renewable energy. REDEX has established itself as a key player in the growing market for RECs adoption, particularly among brand owners committed to 100% renewable electricity.

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunch · 1y ago

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

Real-time flight rewards search engine Point.me secures $10M in funding

Robots · 1y ago

Real-time flight rewards search engine Point.me secures $10M in funding

Point.me, a real-time flight rewards search engine and concierge service, has secured $10 million in Series A funding to improve its platform. The funding round, led by Thayer Ventures and featuring participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, brings Point.me's total funding to $12 million. The platform simplifies the process of redeeming travel rewards, boasting over 1.5 million users and 7.8 million searches since its launch in early 2022. The funds will be used to expand partnerships with card issuers, enhance the concierge service, and develop data-driven analytics capabilities. Point.me aims to become a comprehensive loyalty management site for travelers, leveraging data-driven insights and AI algorithms to enhance the redemption experience.

Cybersecurity automation firm Torq lands $42M in expanded Series B

TechCrunch · 1y ago

Cybersecurity automation firm Torq lands $42M in expanded Series B

Torq, a cybersecurity startup specializing in hyperautomation, has raised an additional $42 million in an extension to its series B funding round. This brings their total funding to $120 million, which will be used to enhance their platform with AI capabilities, expand internationally, and increase their sales channel. Torq offers a solution that allows IT teams to create and deploy security workflows that integrate with existing cybersecurity infrastructure, leveraging generative AI to analyze and answer questions about security incidents. Despite a slowdown in cybersecurity funding, Torq has experienced rapid growth with 500% client base growth and 300% revenue growth in 2023.

Battery Smart raises $21M in ongoing Series B funding round

YourStory

YourStory · 1m ago

Battery Smart raises $21M in ongoing Series B funding round

Battery Smart, a battery swapping startup, raised an additional $21 million in its ongoing Series B funding round led by Rising Tide Energy. The total Series B round is expected to be $29 million. Other contributors include ResponsAbility Asia Climate Fund, Acacia Inclusion Ltd, and Ecosystem Integrity Fund. The Gurugram-based company plans to use the funds to expand its presence in new and existing cities. Battery Smart currently operates over 1,518 battery swapping stations in India.

Tiger Global-backed Wiz Freight raises $11.24 million in Series B

Entrackr

Entrackr · 1y ago

Tiger Global-backed Wiz Freight raises $11.24 million in Series B

Chennai-based supply chain startup Wiz Freight has raised $11.24 million in a Series B funding round led by SBI Investments. Other investors include Tiger Global, Nippon Express Fund, and Axilor Technologies Fund. Wiz Freight plans to utilize the funds for growth, expansion, and general corporate activities. The company, which offers end-to-end shipment management solutions, saw a significant increase in revenue and turned profitable in FY22. This latest round brings the total funding raised by Wiz Freight to over $50 million.

Vatom Raises $10M in Series B Funding

Finsmes · 1y ago

Vatom Raises $10M in Series B Funding

Vatom, a customer engagement platform provider based in Venice, CA, has secured $10 million in Series B funding at a valuation of $125 million. Led by GSV AirCO, the round saw participation from Heart Media, Galaxy Digital, Raine Group, and Bat VC. The company plans to use the funds to expand its customer success, marketing, and product teams in order to support its growing customer base. Vatom's platform is used by major companies such as Google, PepsiCo, and Deloitte to engage with users on the emerging Web3.

Quilter Raises $10M in Series A Funding

Finsmes · 1y ago

Quilter Raises $10M in Series A Funding

Quilter, an AI company based in Los Angeles, has raised $10 million in Series A funding. The round was led by Benchmark and included participation from Coatue and existing investors. Quilter plans to use the funds to expand its operations and hire for various positions across AI, electronics, and business domains. The company aims to accelerate product awareness and adoption, improve its generative circuit board design software, and develop partnerships and programs for users to experiment with Quilter risk-free.

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