Spark Capital

Cover Genius Closes $80M in Series E Funding as Investors See $700 Billion Opportunity in Embedded Protection

Retrieved on: 
水曜日, 5月 15, 2024
Insurance, Ryanair, General partnership, Investment, Spark Capital, Digital, Travel, Artificial intelligence, CFAR, EBay, Fintech, AI, Growth, Policy, NPS, Series, Uber, Cryptocurrency

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Cover Genius , the leading insurtech for embedded protection, today announced its $80 million Series E funding round .

Key Points: 
  • NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Cover Genius , the leading insurtech for embedded protection, today announced its $80 million Series E funding round .
  • Despite the tech funding slowdown, the round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.
  • This funding follows a remarkable year of sustained growth and expansion for Cover Genius and its award-winning global distribution platform, XCover .
  • Since its inception in 2014, Cover Genius has advanced insurance distribution through its award-winning global distribution platform, XCover .

Scale AI Raises $1 Billion Series F to Push The Frontier of AI Data

Retrieved on: 
火曜日, 5月 21, 2024
Technology, Artificial Intelligence, Data Management, Microsoft, Founders Fund, Thrive Capital, OpenAI, AMD, Allen & Company, Spark Capital, Intel Capital, Y Combinator, Engineering, White, WCM, Meta, Tiger Global Management, Wellington Management Company, Accel

Scale AI , the data foundry for AI, today announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion.

Key Points: 
  • Scale AI , the data foundry for AI, today announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion.
  • As AI models evolve, the quality, quantity, and complexity of frontier data—the data needed to drive and ensure performance—increases exponentially.
  • As the data foundry for AI, Scale powers the data behind the end-to-end AI lifecycle, ensuring model builders and enterprises alike have the data they need to deploy AI confidently.
  • It requires bringing together the best minds in engineering, operations, and AI,” said Alexandr Wang, CEO and founder of Scale AI.

Sigma Raises $200 Million in Series D Funding

Retrieved on: 
木曜日, 5月 16, 2024
Software, Data Analytics, Internet, Artificial Intelligence, Data Management, Professional Services, Technology, Business, General partnership, Organization, Altimeter Capital, Investment, Spark Capital, Venture round, SQL, Growth, Capital, Python, Acquisition, Sutter Hill Ventures, Mobile phone

The company announced it has raised $200M in Series D financing to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.

Key Points: 
  • The company announced it has raised $200M in Series D financing to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.
  • The Series D funding, raised at a valuation 60% higher than the company’s Series C round three years ago, promises to further accelerate Sigma’s growth.
  • “Spark Capital is proud to partner with Sigma on its journey toward building a market leading data analytics platform.
  • Those features include:
    For more information on Sigma and how it's changing the way organizations use data, visit https://www.sigmacomputing.com/ .

Retail Investing Startup Midas Raises $45 Million to Roll Out Crypto, Mutual Fund, and Savings Account Products

Retrieved on: 
月曜日, 4月 22, 2024
Fintech, Culture, News, Spark Capital, International Finance Corporation, Cryptocurrency

Istanbul, Turkey--(Newsfile Corp. - April 22, 2024) - Midas, the fintech startup that brought retail investing to millions of people in Turkey, today announced that it has raised $45 million in equity funding. The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.

Key Points: 
  • The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.
  • Retail investing startup Midas raises $45 million to roll out crypto, mutual fund, and savings account products
    To view an enhanced version of this graphic, please visit:
    It is the biggest ever Series A fundraise by a Turkish fintech, and comes less than three years after Midas was launched.
  • Since Midas launched in 2021, it has opened up Turkey's retail investment market to more than two million users.
  • The new funding will allow Midas to grow its offering to include access to mutual funds, an interest-generating savings product, and cryptocurrency trading.

dataplor Announces Series A Funding Led by Spark Capital to Expand Global Location Data Intelligence

Retrieved on: 
木曜日, 4月 18, 2024
Data Management, Online Privacy, Apps, Applications, Technology, Other Technology, Software, Artificial Intelligence, Investment, Spark Capital, PII, Machine learning, Traction, Artificial intelligence, Privacy, General partnership, Database, POI, Venture capital, CPG, Cryptocurrency

dataplor , the leading provider of global location intelligence, today announced a $10.6 million Series A funding round led by Spark Capital.

Key Points: 
  • dataplor , the leading provider of global location intelligence, today announced a $10.6 million Series A funding round led by Spark Capital.
  • Today, dataplor offers data coverage across more than 200 countries and territories, encompassing over 300 million locations and over 15,000 brands.
  • With this latest funding, dataplor is positioned to expand its worldwide coverage and continue building out its team.
  • In addition to receiving accurate, updated and global POI data coverage, dataplor’s customers also benefit from the company’s commitment to privacy.

Cyera Extends Data Security to On-Premises Databases and File Shares

Retrieved on: 
水曜日, 4月 24, 2024
Glass, Complexity, Risk, Spark Capital, RSA Conference, Conference, Infrastructure as a service, Software as a service, Environment, Classification, Privacy, Friction, Cloud database, Sequoia, Cryptocurrency

NEW YORK, April 24, 2024 /PRNewswire/ -- Cyera, the leader in data security, announced today that it has extended its coverage from SaaS, DBaaS, and IaaS environments to include on-premises databases and file shares. This expansion further increases customers' understanding of their data, its associated risks, and how to protect it. Cyera's mission is to secure data wherever it is. While Cyera is a cloud-first and cloud-native company, the reality of enterprise customers is that their data doesn't solely reside in cloud services. Cyera's solution now covers data everywhere in a single pane of glass.

Key Points: 
  • Customers can now use Cyera to discover data, classify, detect, and remediate data security and privacy issues across any environment
    NEW YORK, April 24, 2024 /PRNewswire/ -- Cyera , the leader in data security, announced today that it has extended its coverage from SaaS, DBaaS, and IaaS environments to include on-premises databases and file shares.
  • According to Synergy Research, on-premises data centers represent 40% of the world's total data storage capacity, while the cloud holds 60%.
  • We have extended coverage to on-premises databases and file shares in a way that places minimal burden on security teams or the network.
  • Customers enjoy rapid time to value because they can leverage the same Cyera data security engine used to cover hybrid cloud data.

Retail investing startup Midas raises $45 million to roll out crypto, mutual fund, and savings account products

Retrieved on: 
月曜日, 4月 22, 2024
Culture, Fintech, News, Spark Capital, International Finance Corporation, Cryptocurrency

The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.

Key Points: 
  • The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.
  • Since Midas launched in 2021, it has opened up Turkey's retail investment market to more than two million users.
  • The new funding will allow Midas to grow its offering to include access to mutual funds, an interest-generating savings product, and cryptocurrency trading.
  • This fundraise will allow us to expand our product suite further, with mutual funds, savings products, and cryptocurrency trading firmly in our sights.

Retail investing startup Midas raises $45 million to roll out crypto, mutual fund, and savings account products

Retrieved on: 
月曜日, 4月 22, 2024
Culture, Fintech, News, Spark Capital, International Finance Corporation, Cryptocurrency

The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.

Key Points: 
  • The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts.
  • Since Midas launched in 2021, it has opened up Turkey's retail investment market to more than two million users.
  • The new funding will allow Midas to grow its offering to include access to mutual funds, an interest-generating savings product, and cryptocurrency trading.
  • This fundraise will allow us to expand our product suite further, with mutual funds, savings products, and cryptocurrency trading firmly in our sights.

Profluent Secures $35M in Additional Funding and Key Industry Experts to Scale Foundational AI Models for Biomedicine and Tackle First Vertical in Gene Editing

Retrieved on: 
木曜日, 3月 21, 2024
Other Health, Software, Research, Pharmaceutical, Technology, Artificial Intelligence, Genetics, Health Technology, Science, Biotechnology, Other Science, Health, AIX, Cas9, OpenAI, Gene editing, Insight Partners, Growth, Spotlight, General partnership, Salesforce, Nature Biotechnology, Gene, Spark Capital, AI, University, Tome, Nature, Protein engineering, Biology, Microbiology, CRISPR, De novo, ChatGPT, Therapy, Machine learning, Probability, Management

Profluent, an AI-first protein design company, today announced the close of additional funding to bring the total raised to $44M.

Key Points: 
  • Profluent, an AI-first protein design company, today announced the close of additional funding to bring the total raised to $44M.
  • “Our research at the forefront of AI has enabled Profluent to create large language models that begin to learn the blueprint of nature,” said Ali Madani, Profluent co-founder and Chief Executive Officer.
  • By first applying its platform to gene editing, the company showcases AI as the ideal interface for engineering complex biological systems.
  • Just as ChatGPT can write compelling essays and emails, Profluent has developed AI that designs entirely new and functional proteins.

Polar Signals Announces Strategic Milestones: Secures $10.8M in Funding, Expands Board, and Launches AI-Driven Performance Optimizations

Retrieved on: 
火曜日, 3月 12, 2024
Data Management, Security, Technology, Software, Networks, Artificial Intelligence, Cloud, Signal, Alpha, Vercel, GV, Denial-of-service attack, TLS, Spark Capital, Software engineering, Growth, Observability, Management

This financial achievement reflects the strong confidence investors and, crucially, customers have in Polar Signals’ vision and mission.

Key Points: 
  • This financial achievement reflects the strong confidence investors and, crucially, customers have in Polar Signals’ vision and mission.
  • In addition to the financial boost, Polar Signals is announcing the strategic expansion of its board.
  • Polar Signals also shares that Vercel has chosen Polar Signals Cloud as their continuous profiling platform.
  • Lastly, a significant innovation from Polar Signals is the introduction of AI-driven Performance Optimizations.