Candor Technology Secures Series B Funding Led by Rice Park Capital

Candor Technology Secures Series B Funding Led by Rice Park Capital

Candor Technology, a leading provider of automated underwriting technology for the mortgage industry, has successfully closed a Series B equity round to expand its Loan Engineering System’s capabilities and enhance user experience. The funding was led by Rice Park Capital Management, based in Minneapolis, with participation from Arthur Ventures, Assurant Ventures, the management team, and … Read more

DataSnipper Secures $100 Million Series B

DataSnipper Secures 0 Million Series B

DataSnipper, the forefront player in intelligent automation for audit and finance professionals, has successfully raised a $100 million Series B funding round led by Index Ventures, propelling the company’s valuation to an impressive $1 billion. Facing unprecedented challenges, the auditing sector grapples with intensified regulatory scrutiny and the escalating volume of data. This confluence has … Read more

Trailblazing company Harbor Raised $3.7 Million in Seed Funding

Trailblazing company Harbor Raised .7 Million in Seed Funding

Harbor, a trailblazing company in infant care technology, has successfully raised $3.7 million in seed funding. Trust Ventures led the funding round, with participation from Morrison Seger, Capital Factory, and notable figures like Tim and Demi-Leigh Tebow, John and Madison Isner, Thomas and Lauren Morstead, as well as entrepreneurs Sam and Sara Sodine Parr. The … Read more

Jersey Telecom and RoamsysNext Team Up for IoT Network Optimization Solution

Jersey Telecom and RoamsysNext Team Up for IoT Network Optimization Solution

Jersey Telecom (JT Group) has collaborated with RoamsysNext to launch a solution called IoT Certification Manager (ICM) to address the challenges posed by the rapid growth of IoT devices. With the number of IoT devices expected to double to 27 billion by 2025, JT’s ICM aims to help Mobile Network Operators (MNOs) and enterprise partners … Read more

Categories M&A

Heart Aerospace Secures $107 Million in Series B Funding for Hybrid-Electric Airplane

Heart Aerospace Secures 7 Million in Series B Funding for Hybrid-Electric Airplane

Swedish hybrid-electric airplane manufacturer Heart Aerospace has successfully raised $107 million in a Series B funding round, bringing its total financing since inception to $145 million. New investors in this round include Sagitta Ventures, alongside existing backers Air Canada, Breakthrough Energy Ventures, EQT Ventures, Lowercarbon Capital, United Airlines, and others. Heart Aerospace aims to contribute … Read more

Sentify raises $1.1M in Pre-Seed funding to unlock LLM insights

Sentify raises .1M in Pre-Seed funding to unlock LLM insights

Sentify, a platform focusing on extracting actionable insights from Large Language Models (LLMs), has successfully raised over $1.1 million in a Pre-Seed funding round. The founding team comprises Alex Marantelos (formerly of Confluent), George Pastakas (previously with Revolut), and Dimi Ilias (ex-Meta), all originally from Greece and with backgrounds in prominent tech firms. The platform, … Read more

Metronome Raises $43M in Series B to Enhance Usage-Based Billing for Software Companies

Metronome Raises M in Series B to Enhance Usage-Based Billing for Software Companies

San Francisco-based startup Metronome has secured $43 million in a Series B funding round led by NEA, with participation from existing backers Andreessen Horowitz and General Catalyst. Metronome, founded by Dropbox alums Kevin Liu and Scott Woody in 2019, specializes in helping software companies implement usage-based billing. The company reported a 6x increase in ARR … Read more

Owner.com Raises $33M in Series B Funding Round

Owner.com Raises M in Series B Funding Round

Owner.com, a platform designed to empower independent restaurant owners in managing their online presence, has successfully raised $33 million in a Series B funding round. The funding, led by existing investors Redpoint Ventures and Altman Capital, with participation from Horsley Bridge, Activant Capital, and Transpose Platform Management, brings the total capital raised by Owner.com to … Read more

UPS Announces Significant Layoffs in 2024, Cutting 12,000 Jobs and Seeking $1 Billion in Cost Savings

UPS Announces Significant Layoffs in 2024, Cutting 12,000 Jobs and Seeking  Billion in Cost Savings

UPS, the global logistics giant, has announced plans to lay off 12,000 employees, representing 14% of its managerial workforce, as part of an initiative to achieve a substantial $1 billion in cost savings. This workforce reduction is a response to what CEO Carol Tomé termed a “difficult and disappointing year” for the company in 2024. … Read more