Bessemer | Jotup

Render Raises $50M in Series B Funding Led By Bessemer Venture Partners To Expand Its Cloud For Application Developers

Retrieved on:

Tuesday, June 20, 2023

Render , the modern cloud for application developers and teams, today announced that it has raised $50M in Series B funding led by Bessemer Venture Partners with participation from existing investors Addition, General Catalyst, and the South Park Commons Fund.

Key Points:

Render , the modern cloud for application developers and teams, today announced that it has raised $50M in Series B funding led by Bessemer Venture Partners with participation from existing investors Addition, General Catalyst, and the South Park Commons Fund.
From the beginning, the company has focused on making modern cloud technology accessible to application and frontend developers and improving the productivity of software teams building in the cloud.
The company has now grown to serve over 500,000 developers who have launched over two billion services on its modern cloud.
We’re thrilled to be partners with Render as they continue to build the best unified, modern cloud offering for developers."

Backed by 300+ Senior Go-To-Market Executives, Stage 2 Capital Announces $150M Fund III

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Wednesday, August 17, 2022

SAN FRANCISCO, Aug. 17, 2022 /PRNewswire/ -- The first venture capital fund specialized in helping founders with go-to-market, Stage 2 Capital combines early-stage investing expertise with a diverse community of 300+ go-to-market limited partners. With this new capital, Stage 2 Capital will continue investing in early stage B2B software and marketplaces, with a focus on bringing best-in-class go-to-market support as founders achieve product-market fit and prepare to scale revenue.

Key Points:

Stage 2 Capital kicks off its oversubscribed $150M Fund III to continue its mission of supporting the next generation of entrepreneurs with both capital and go-to-market expertise.
SAN FRANCISCO, Aug. 17, 2022 /PRNewswire/ -- The first venture capital fund specialized in helping founders with go-to-market, Stage 2 Capital combines early-stage investing expertise with a diverse community of 300+ go-to-market limited partners.
With this new capital, Stage 2 Capital will continue investing in early stage B2B software and marketplaces, with a focus on bringing best-in-class go-to-market support as founders achieve product-market fit and prepare to scale revenue.
Our network gets involved in every stage of the deal process, from sourcing to referring talent to coaching founders.

Cloudinary is Named to the Forbes Cloud 100 for Fifth Consecutive Year

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Tuesday, August 9, 2022

For the fifth consecutive year, Cloudinary has been named to the Forbes Cloud 100 , the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures .

Key Points:

For the fifth consecutive year, Cloudinary has been named to the Forbes Cloud 100 , the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures .
For the seventh straight year, the Cloud 100 reviewed submissions from hundreds of cloud startups and private companies.
For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector, said Alex Konrad, senior editor at Forbes.

Bold Metrics Secures $8M in Series A Funding, Unlocking the Power of Body Data for the Apparel Industry

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Thursday, May 26, 2022

SAN FRANCISCO, May 26, 2022 /PRNewswire/ -- Bold Metrics Inc. the AI-first SaaS solution helping companies unlock the power of body data, today announced $8 million in Series A financing. The new round, led by Bessemer Venture Partners with participation from Lytical Ventures, ValueStream Ventures, and Nanban Ventures, brings the company's total funding to $12.3 million.

Key Points:

Bold Metrics secures $8M in Series A funding to unlock the power of body data for the apparel industry.
Bold Metrics provides apparel brands and retailers with the most accurate AI Body Modeling technology to unlock the power of body data enabling data-led product design.
Unlocking access to consumer body data in the apparel industry is crucial, and Bold Metrics has been leading the way in its accuracy of results as well as innovation.
Established in January 2017, Bold Metrics develops AI Body Modeling technologies that empower apparel brands to unlock the power of body data to boost conversion, slash return rates, and improve sustainability efforts.

Astrix Security Emerges from Stealth with $15M Seed Round to Secure Enterprises' Expanding Web of Third-Party Applications

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Wednesday, February 23, 2022

TEL AVIV, Israel, Feb. 23, 2022 /PRNewswire/ -- Astrix Security , the first app-integration access management solution, launched from stealth today to modernize how enterprises monitor and control their ever-expanding web of interconnected third-party applications.

Key Points:

TEL AVIV, Israel, Feb. 23, 2022 /PRNewswire/ -- Astrix Security , the first app-integration access management solution, launched from stealth today to modernize how enterprises monitor and control their ever-expanding web of interconnected third-party applications.
The uptick in this type of devastating cybersecurity attack includes those on SolarWinds , Codecov , Waydev and, more recently, the Red Cross .
Founded in Tel Aviv in 2021, Astrix Security protects the modern enterprise's growing third-party app interconnectivity.
Astrix is backed by leading investors Bessemer Venture Partners, F2 Venture Capital, and Venrock.

Arcion, Formerly Blitzz, Secures $13M Series A To Transform Data Infrastructure

Retrieved on:

Thursday, February 17, 2022

Arcion changes this with its first-of-its-kind, zero-code solution that enables enterprises to deploy high-performance, high-volume data pipelines in minutes instead of months.

Key Points:

Arcion changes this with its first-of-its-kind, zero-code solution that enables enterprises to deploy high-performance, high-volume data pipelines in minutes instead of months.
As data becomes generated and sprawled across applications, databases and cloud destinations, all companies will look to fully utilize the data they own.
Arcion marks the beginning of a new era in data infrastructure where data flows freely, without limitations, armies of staff, or brittle connections.
Deploy zero-code data pipelines to enable real-time data replication, AI/ML-based data analytics, ELT streaming, and more with Arcion today.

Virtru Closes $60M Growth Financing Round Co-Led by ICONIQ Growth and Foundry Capital, with Participation from Tiger Global and MC2

Retrieved on:

Thursday, January 20, 2022

To support these growth plans, Matt Howard, former CMO of Sonatype, has joined Virtru as CMO.

Key Points:

To support these growth plans, Matt Howard, former CMO of Sonatype, has joined Virtru as CMO.
At Virtru, we empower organizations to easily unlock the power of data while maintaining control, everywhere its stored and shared.
Foundry is people-driven, motivated to help great management teams with unique products reach their full potential.
Besides their own capital, Foundry brings in top quality co-investors with relationships and skill sets relevant to support the particular investment.

BNY Mellon Wealth Management Expands Miami Office with Five New Hires

Retrieved on:

Wednesday, January 19, 2022

She joins BNY Mellon Wealth Management from United Financial Consultants where she worked as a financial consultant and provided risk management planning, estate and wealth management solutions for family businesses and ultra-high-net-worth clients.

Key Points:

She joins BNY Mellon Wealth Management from United Financial Consultants where she worked as a financial consultant and provided risk management planning, estate and wealth management solutions for family businesses and ultra-high-net-worth clients.
Jessica joins BNY Mellon Wealth Management from Bessemer Trust where she was an associate client advisor and provided personalized advice across investment management, wealth planning, trust administration and family office services.
BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.
A line of business within Wealth Management, BNY Mellon Investor Solutions includes the firm's institutional multi-asset solutions business.

Claroty Advances Mission to Secure All Cyber-Physical Systems with $400 Million Funding and Acquisition of Medigate

Retrieved on:

Wednesday, December 8, 2021

The Series E funding was co-led by new investor SoftBank Vision Fund 2, as well as existing investors Bessemer Venture Partners and Schneider Electric.

Key Points:

The Series E funding was co-led by new investor SoftBank Vision Fund 2, as well as existing investors Bessemer Venture Partners and Schneider Electric.
Other existing investors, including ISTARI (a global cybersecurity platform established by Temasek), Team8, and Standard Investments, participated as well.
Claroty empowers organizations to secure cyber-physical systems across industrial (OT), healthcare (IoMT), and enterprise (IoT) environments: the Extended Internet of Things (XIoT).
4Gartner, Predicts 2022: Cyber-Physical Systems Security Critical Infrastructure in Focus, Katell Thielemann, Wam Voster, Barika Pace, Ruggero Contu, Richard Hunter, 17 November 2021.

CN Advances Sustainability Efforts With Wabtec’s Battery-Electric Locomotive

Retrieved on:

Thursday, November 4, 2021

MONTREAL, Nov. 04, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce its purchase of Wabtec’s FLXdrive battery-electric freight locomotive, the first 100-percent battery heavy-haul locomotive for the region in support of CN’s sustainability goals. This new technology is a key component in achieving an effective transition to a lower carbon future. Recognizing the potential of the initiative, Pennsylvania’s Department of Environmental Protection awarded financial support for the initiative under the Marine and Rail Freight Movers Grant Program.

Key Points:

MONTREAL, Nov. 04, 2021 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce its purchase of Wabtecs FLXdrive battery-electric freight locomotive, the first 100-percent battery heavy-haul locomotive for the region in support of CNs sustainability goals.
For its first battery-electric freight locomotive, CN plans to partner with Wabtec to put in service its next-generation FLXdrive technology, which can reduce fuel consumption and emissions by up to 30 percent.
As a mover of the economy, CN is committed to playing a key role in the transition to low-carbon economy.
CN is the most fuel-efficient railway in North America, using approximately 15% less locomotive fuel per gross ton mile than the industry average.