Tracxn Deals of the Week: AI and Cybersecurity (November 3-9, 2023)

According to Tracxn, these are the notable deals this week across the sectors of artificial intelligence, cybersecurity, and big data analytics.

Click here to view past Deals of the Week.

Artificial Intelligence

• Aleph Alpha, a provider of an AI-enabled text and image analytics platform, raised a Series B – $500M round from Robert Bosch Venture Capital, Gruppe, ip.ai, SAP, and others.
• 01.AI, a platform offering AI technology and applications, raised a Series D – $300 M round from Tencent, Xiaomi, Alibaba Cloud, and Sinovation Ventures.
• Black Ore, a developer of products and services, raised a $60M seed round from Oak HC/FT, a16z, SV Angel, Founders Fund, and others.
• Cast, a platform offering cloud spend management solution, raised a Series B – $35M round from Vintage Investment Partners, Creandum, and Uncorrelated Ventures.
• Ritual, an Open AI infrastructure provider for blockchain companies, raised a Series A – $25M round from Archetype, Accel, Accomplice, Robot Ventures, and others.
• Zelig Technology, an AI-based virtual try-on solutions for fashion businesses, raised a Series A – $15M round from Hilco.

Cybersecurity

• Sequretek, an AI-based extended threat detection and response solution, raised a Series A – $8M round from Omidyar Network India, Alteria Capital, and Narotam Sekhsaria Family Office.
• Myrror Security, a solution for detecting malicious code attacks and vulnerabilities across open-source components, raised a Seed – $6M round from Blumberg Capital and Entree Capital.
• SecurWeave, a platform offering embeddable IoT security solutions, raised a Seed – $330,000 round from iangroup.vc.

 

Photo: Jonas Andrulis, CEO and founder of Aleph Alpha, at the DLD Munich Conference 2023 in January 2023. (Credit: Daniel Grund for DLD / Hubert Burda Media)