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Hex Raises $70 Million Series C Led by Sequoia, a16z, Snowflake, Redpoint, Avra to Advance Agentic Analytics and Data Apps | DeepNewz VC
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2m ago
Medial
Hex has raised $70 million in Series C funding, with participation from Sequoia, A16Z, Snowflake, Redpoint, and Avra. The company, led by co-founder Barry McCardel, is transforming analytics for the AI age. Hex provides a platform for influential companies to convert data into actionable insights. The investment underscores the growing importance of advanced data management solutions in today's tech landscape.
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Cyber risk management firm SAFE raises $70M in Series C round
YourStory
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8d ago
Medial
SAFE, a cyber risk management company, raised $70 million in a Series C funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, and others. The funds will enhance SAFE's cyber risk management market position and develop AI-native reasoning models for achieving CyberAGI, focusing on cybersecurity. SAFE plans to upgrade its platform with a continuous threat exposure management solution, leveraging agentic AI to preemptively identify and mitigate cyber threats.
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ClickHouse Raises $350 Million Series C Led by Khosla Ventures at $6.35 Billion Valuation, Approaching $100M ARR | DeepNewz VC
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2m ago
Medial
ClickHouse has raised $350 million in a Series C funding round led by Khosla Ventures, achieving a valuation of $6.35 billion. The database management company is known for its speed, scalability, and cost-efficiency in real-time analytics, attributes that have enhanced its appeal to investors. This significant investment underscores the growing demand for advanced data analytics solutions. IVP also participated in the funding, reinforcing their confidence in ClickHouse's ability to deliver without tradeoffs.
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Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC
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1m ago
Medial
Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. The funding, led by Accel, aims to advance AI coordination for modern teams and their agents. Linear focuses on deliberate development, prioritizing quality over convention, and plans to scale this approach.
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Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC
Business Bytes
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1m ago
Medial
Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. Led by Accel, this new investment will help Linear advance its AI-driven tools aimed at streamlining team coordination. The company remains committed to deliberate, quality-focused growth, positioning itself as a key player in enhancing modern team workflows.
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ClickHouse Raises $350 Million Series C Led by Khosla Ventures at $6.35 Billion Valuation, Approaching $100M ARR | DeepNewz VC
Business Bytes
·
2m ago
Medial
ClickHouse has secured $350 million in a Series C funding round led by Khosla Ventures, bringing its valuation to $6.35 billion. The database management company emphasizes speed, scalability, and cost-efficiency in real-time analytics, appealing to investors. IVP highlights ClickHouse's ability to deliver without tradeoffs as a key factor in their investment decision. The raised capital is expected to enhance ClickHouse's capabilities and market reach.
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Funding and acquisitions in Indian startup this week [25 - 30 Nov]
Entrackr
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8m ago
Medial
During the week, 18 Indian startups raised around $54.43 million in funding. These deals include 2 growth-stage deals and 13 early-stage deals while 3 startups kept their transaction details undisclosed. Last week, 23 early and growth-stage startups cumulatively raised around $596 million in funding. Among the growth-stage deals, 2 startups raised $13 million in funding this week. Direct-to-customer (D2C) e-commerce solutions provider ShopDeck is on top with $8 million in funding. MSME-focused digital lender NeoGrowth raised $5 million. Further, 13 early-stage startups secured funding worth $41.43 million during the week. Global manufacturer of plastic promotional toys SM Toys (Candytoy Corporate) led the list followed by commercial EV leasing and asset management ALT Mobility, cross-border specialty chemical distribution platform Elchemy, D2C platform for baby and mothercare products All Things Baby, and smart kitchen appliance brand Beyond Appliances. Meanwhile, DevX, BitSave, and ElecTrade also raked in funding but did not disclose the transaction details. For more information, visit TheKredible. In terms of the city-wise number of funding deals, Delhi-NCR-based startups led with 5 deals followed by Mumbai, Bengaluru, Ahmedabad, Indore, Kochi, Hyderabad, and Surat. Segment-wise, E-commerce startups are on the top spot with 6 deals. Manufacturing, EV, Chemicals, and Fintech startups followed the list among others. During the week, Series A and pre-Series A funding deals are at the top with 5 deals each followed by Seed, pre-seed, Series B, and Debt deals. On a weekly basis, startup funding dwindled 90.9% to $54.43 million as compared to around $596 million raised during the previous week. The average funding in the last eight weeks stands at around $263 million with 24 deals per week. As many as two startup-focused funds launched this week namely Stellaris Venture Partners and Kenro Capital. The startup ecosystem witnessed 2 notable hires this week. Battery Smart onboarded Amit Bhardwaj as CFO and Allianz Partners welcomed Michael Buttstedt as finance chief and board member. Additionally, Sriram Krishnan resigned from Andreessen Horowitz (a16z), Peak XV’s partner Anandamoy Roychowdhary left the firm, and Unacademy’s SVP of Design Hardik Pandya exited. E-commerce firm Nykaa announced acquired majority stakes in Earth Rhythm, Nodwin Gaming purchased Trinity Gaming, and ISMG took a majority stake in Nullcon. StockGro, a platform for learning about trading and investments, announced that it has conducted two Employee Stock Option Plan (ESOP) buyouts between 2023 and 2024. StockGro offered these buyouts purely to provide employees with the chance to cash in on their vested shares. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. Uber rolls out 'Uber One' loyalty programme in India. Meesho unveils Gen AI-powered multilingual voice bot. Miko set to raise Rs 28 Cr in Series C round. OneCard to secure $28.5 Mn in new funding round. Innov8 eyes fresh funds worth Rs 100 Cr. Sugar Cosmetics to raise funding from Anicut, Malabar. Univest plans to raise $16 Mn funding. Incupaze seeks $25 Md funding. Bloom Hotels posts Rs 250 Cr revenue in FY24; profit spikes 2.3X. CitiusTech’s profit balloons 6X to Rs 350 Cr in FY24. DailyObjects’ revenue spikes 34% to Rs 84 Cr in FY24. Pratilipi approaches Rs 60 Cr revenue mark in FY24, cuts losses by 62%. Cars24 sells 2 lakh cars in FY24, revenue nears Rs 7,000 Cr. ApnaKlub reports Rs 537 Cr gross revenue in FY24 with sound economics. Beardo crosses Rs 170 Cr revenue in FY24; regains profitability. Lendingkart posts Rs 1,090 Cr revenue in FY24, profit slips. With 500% growth, Pocket FM joins Rs 1,000 Cr revenue club in FY24. ShareChat’s revenue grows 33% in FY24 to Rs 718 Cr. EV firm Bounce on track to report over Rs 150 Cr revenue by FY25. Flipkart-owned Cleartrip spent Rs 988 Cr to earn Rs 97 Cr in FY24. Info Edge-backed Gramophone GMV shrinks 70% in FY24. HealthKart reports Rs 1,021 Cr revenue and Rs 37 Cr PAT in FY24. Zomato secures Rs 8,500 Cr via QIP. CCI probes Google after Winzo alleges anti-competitive practices. Awfis reports insider trading violation by a senior executive. Nazara Technologies raises over $100 Mn via preferential issue. CCI nods to Google's investment in Flipkart and Temasek's in Rebel Foods. IIMA Ventures and Google partner to boost 22 AI startups. Amazon India to debut in quick commerce with 'Tez' launch. Tata Neu expands into quick commerce with Neu Flash. Flipkart penalized for unfair trade practice over defective product. Zomato CEO Deepinder Goyal waives salary until FY26. Ola Electric launches affordable e-scooters for gig workers. Angel One receives SEBI approval to enter the mutual fund business. Honda enters the EV market with Activa E and QC1 e-scooters. IT department issues notices to Paisabazaar over vendor payments. Zomato’s hyperpure introduces a 4-hour express delivery service. On a weekly basis, startup funding dwindled 90.91% to $54.19 million as compared to around $596 million raised during the previous week. The week saw two startup-focused fund launches namely Stellaris Venture Partners and Kenro Capital. Amazon India is set to enter the quick commerce segment with a new delivery service, code-named ‘Tez,’ which is expected to launch by late December or early next year. Tata Group's e-commerce platform, Neu, has also introduced a quick commerce service, Neu Flash, offering 15-minute deliveries in over 20 cities across India. The District Consumer Disputes Redressal Commission (Mumbai Suburban) found Flipkart guilty of unfair trade practices over a defective product. The Commission directed Flipkart and the seller to refund the product’s cost with interest and pay INR 10,000 as compensation to the customer. It also criticized Flipkart’s ‘no return policy’ for the product, deeming it an unfair trade practice. Ola Electric has launched two electric scooter models, S1 Z and Gig, aimed at gig economy workers and budget-conscious consumers. Priced at INR 39,999, the Ola Gig directly competes with players like Yulu, catering to short-distance commutes and delivery services, while the Gig+ variant is priced at Rs 49,999. The S1 Z starts at Rs 59,999, with the premium S1 Z+ priced at Rs 64,999, offering a range of affordable options for diverse user needs. Paisabazaar, owned by PB Fintech, has received notices from the Income Tax Department regarding payments made to certain vendors and their associated entities. Issued under the Prohibition of Benami Property Transactions Act, 1988, and Section 142(1) of the Income Tax Act, 1961, the notices seek documents and explanations about these transactions. The company, in its regulatory filing, stated that it is complying with prescribed timelines and will take all necessary steps to present and defend its case before the authorities.
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