Denodo, a Palo Alto-based company that provides data virtualization software, announced that it has raised $336 million in Series B preferred equity investment from TPG Growth, a global alternative asset manager. The deal also involves a secondary sale of shares by HGGC, a previous investor in Denodo’s Series A round in 2017, which will remain…
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Port raises $18M in Series A to grow its open internal developer portal
A Series A funding round of $18 million has been secured by Port, an open internal developer portal based in Tel Aviv, Israel. This brings the total amount of money raised by the company to $23 million. The round was led by Team8, a global venture group that creates and invests in companies in various…
EY launches AI platform to boost its consulting products
EY, one of the world’s leading consulting firms, announced on Wednesday that it has invested $1.4 billion in artificial intelligence (AI) and launched a new platform called EY.ai, which offers AI-powered versions of its consulting products to businesses. The platform includes AI-embedded products such as EY Fabric, a data management product that is used by…
Citigroup to cut jobs and streamline management under new CEO
Citigroup CEO Jane Fraser has announced a major shake-up of the bank’s management that will result in more job cuts and a simpler structure. The heads of the bank’s five businesses will now report directly to Ms Fraser, who said the changes will “eliminate unnecessary complexity” and help meet the bank’s medium-term targets. The bank…
Apple faces EU backlash over iPhone 12 radiation levels
Apple’s latest model, the iPhone 12, has been banned in France for allegedly exceeding the European Union’s radiation exposure limits. The French radiation watchdog, ANFR, said on Tuesday that the phone’s Specific Absorption Rate (SAR) was 5.74 watts per kilogram, while the EU standard is 4.0 watts per kilogram. SAR measures the rate of radiofrequency…
German shoe maker Birkenstock files for U.S. IPO amid market recovery
German luxury shoe brand Birkenstock announced on Tuesday that it plans to go public in the United States. The company, which is known for its comfortable sandals, did not reveal how much money it expects to raise from the offering, but said that its sales increased by 19% to 644.17 million euros ($692.87 million) in…
Thirona raises €7.5 million for AI-based lung image analysis
Thirona, a Dutch company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), has secured €7.5 million in funding to advance precision medicine and enhance patient care for lung diseases. The funding includes a €5 million investment from two venture capital firms, HERAN Partners and the Borski Fund, both of which…
Cleafy raises €10 million to fight online banking fraud
Cleafy, a Milan-based company that offers a proactive fraud prevention solution for the digital banking sector, has secured €10 million in a funding round led by United Ventures, a venture capital firm focused on software and digital technology. The investment was made through United Ventures’ UV T-Growth fund, which supports the growth of innovative tech…
Treasury4 secures $20M in Series A to boost its enterprise fintech platform
Treasury4, a Spokane-based fintech startup, has raised $20 million in a Series A round led by WestCap, a growth equity firm that focuses on technology sectors. The company, which was founded in 2020, offers a suite of API-enabled software solutions that help CFOs and treasurers gain real-time visibility and insights into their treasury and finance…
Tamnoon raises $5.1M in seed funding to accelerate cloud security remediation
Tamnoon, a San Francisco-based startup that offers a managed service solution for cloud security remediation, announced today that it has secured $5.1 million in seed funding from a group of investors led by Merlin Ventures and Secret Chord Ventures. The company, which was founded by the people who built the first Cloud Security Posture Management…
Lumber, a SaaS platform for SMB construction contractors, lands $5.5M in seed funding
A company called Lumber, which makes a software platform for managing construction workers, has secured $5.5M in Seed funding from various investors. Carbide Ventures led the round, and other backers included Escape Velocity, 8VC, Sure Ventures, Converge VC, and Firsthand Alliance, as well as some individual investors. The company, based in Saratoga, CA, plans to…
SQream raises $45M in Series C to boost its data and analytics acceleration technology
SQream, a company that specializes in data and analytics acceleration, secured $45M in a Series C funding round. The main investor was World Trade Ventures, along with new and existing backers, such as Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. The company plans to use the…