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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.

Related News

Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

Economic Times

Economic Times · 1y ago

Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

Circuit board design startup Quilter has raised $10 million in a Series A funding round, led by Benchmark. Quilter plans to use artificial intelligence to automate and accelerate the process of designing circuit boards for various electronic devices. The company's software, inspired by Google's AI used in the game of Go, improves its capabilities over time. By fully automating circuit board design, Quilter aims to reduce the timeframe from months to weeks or even days. The market for circuit board design is expected to continue growing, with labor costs currently dominating the expenditure.

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

TechCrunch · 2y 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.

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.

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.

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.

BridgeCare Raises $10M in Funding

Finsmes · 1y ago

BridgeCare Raises $10M in Funding

San Francisco-based company BridgeCare has secured $10 million in funding from Avenue Growth Partners to support its data and technology infrastructure platform for early care and education. Led by CEO Jamee Herber, BridgeCare's SaaS solutions enable government agencies and organizations to improve access to quality child care. The company already serves more than 500,000 families and 50,000 providers across 14 US states, and plans to use the investment to expand its operations and further develop its services. Through its innovative approach, BridgeCare aims to create a more equitable and effective early childhood education system.

Aim Security Raises $10M in Seed Funding

Finsmes · 1y ago

Aim Security, a Tel Aviv-based cybersecurity startup, has secured $10 million in seed funding. Led by YL Ventures and supported by investors from Google, Proofpoint, and Palo Alto Networks, the funding will be used to expand the company's operations and development efforts. Aim Security offers a GenAI security platform that helps enterprises securely adopt artificial intelligence technology without compromising on security. The platform allows security leaders to provide proactive protection for all use cases and ensure the integrity of GenAI tools and third-party applications.

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.

Fever Raises €10M in Seed Funding

Finsmes · 1y ago

Fever Raises €10M in Seed Funding

Stockholm-based company, Fever, has raised €10M in Seed funding led by General Catalyst, with participation from previous investors. Fever provides an API-centric platform for virtual power plants, enabling energy asset installers and operators to monetize their power plants by optimizing energy distribution. The funds will be used to accelerate expansion plans, deepen product development, and expand collaborations across Europe. Niek den Hollander and Holger Lichtschläger will join the company's Board of Directors.

Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

IndianStartupNews

IndianStartupNews · 1y ago

Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

Fibmold, a sustainable packaging startup, has raised $10 million in a funding round led by Omnivore and Accel. The company specializes in producing eco-friendly molded fiber packaging products made from natural fibers such as bamboo and wheat straw. With increasing environmental challenges posed by plastic waste, Fibmold aims to provide sustainable packaging solutions and encourage the transition from single-use plastics. The funding will help Fibmold expand its operations and accelerate the growth of the sustainable materials industry in India.

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