Tracxn Deals of the Week: AI, RPA, Cybersecurity, and Big Data (May 19-25, 2023)
According to Tracxn, these are the notable deals this week across the sectors of artificial intelligence, cybersecurity, big data analytics, and robotic process automation (RPA).
Click here to view past Deals of the Week.
Ola Electric, a developer of electric scooters, raised a Series D round of $300 million.
Insider, an AI-based personalized cross channel marketing solutions for businesses, raised a Series B round of $75 million from Sequoia Capital, Qatar Investment Authority, and Esas.
Benchsci, an AI-based platform for drug data management and experiment designing, raised a Series D round of $70 million from Generation Investment Management, TCV, F-Prime Capital, Inovia Capital, and others.
Kustomer, a cloud-based customer service CRM platform, raised a Series E round of $60 million from Battery Ventures, Redpoint Ventures, and Boldstart Ventures.
FlowX.AI, a banking software suite, raised a Series A round of $35 million from Dawn Capital, PortfoLion, Day One Capital, and SeedBlink.
Infinite Uptime, a provider of a vibration-monitoring solution for the manufacturing industry, raised a Series B round of $18.8 million from Tiger Global Management, Mayfield, Ventureast, GSR Ventures, and others.
SEKOIA.IO, a provider of marketplace platform for security application, raised a Series A round of $37.8 million from Omnes Capital, Seventure Partners, BNP Paribas Developpement, Banque des Territoires, and others.
DNSFilter, a cloud-based web content filtering and threat protection solutions, raised a Series A round of $10.8 million.
MEMCYCO, a cloud-based platform offering secure communication solutions, raised a Seed round of $10 million round Venture Guides and Capri Ventures.
Ballerine, a provider of an open-source identity and risk management platform, raised a Seed round of $5 million from Team8, Y Combinator, and Vera Equity.
Silverguard, an app-based platform providing cybersecurity and financial insurance technological solutions, raised a Seed round of $1.5 million round from Astella Investimentos.
Xiling Information Technology, a cloud-based zero trust remote access solution provider, raised a Series B round from Firstred.
Big Data Analytics
Elementl, a provider of collaborative coding tools for data platform development, raised a Series B round of $33 million from Georgian, Index Ventures, Sequoia Capital, Amplify Partners, and others.
Twirl, a platform offering data pipeline development solutions, raised a Seed round of $2.49 million round from Creandum and Cocoa.
Robotics Process Automation
Thoro, a provider of cloud-based autonomous mobile robots, raised a Series A round of $7 million.