Lightspeed Venture Partners

ScaleOps Raises $21.5M to Automate Cloud Resource Management

Retrieved on: 
Tuesday, December 19, 2023

TEL AVIV, Israel , Dec. 19, 2023 /PRNewswire/ -- ScaleOps, a startup specializing in cloud resource management, announced today $21.5M in funding for the first fully-automated cloud-native resource orchestration platform. The Seed and Series A funding rounds announced today were led by Lightspeed Venture Partners, NFX, and Glilot Capital Partners. ScaleOps has attracted a large and dedicated customer base of companies that use the platform to fully automate their production environments, achieving up to 80% cloud cost savings and delivering better-running applications.

Key Points: 
  • TEL AVIV, Israel , Dec. 19, 2023 /PRNewswire/ -- ScaleOps, a startup specializing in cloud resource management, announced today $21.5M in funding for the first fully-automated cloud-native resource orchestration platform.
  • ScaleOps has attracted a large and dedicated customer base of companies that use the platform to fully automate their production environments, achieving up to 80% cloud cost savings and delivering better-running applications.
  • "By employing AI, the ScaleOps platform is  context-aware and autonomously handles resource management for engineers, lowering infrastructure costs and delivering better performance."
  • "ScaleOps automatically optimizes Wiz's workloads in production according to our real-time needs, improving performance even during demand spikes," said Ron Tzrouya, Lead Cloud FinOps at Wiz.

Horizon3.ai Recognized as a Fastest-Growing Cybersecurity Company on the Fortune Cyber 60 List

Retrieved on: 
Monday, December 18, 2023

Horizon3.ai , a leading provider of autonomous security solutions, today announced that it has been named to the Fortune Cyber 60 2023 list .

Key Points: 
  • Horizon3.ai , a leading provider of autonomous security solutions, today announced that it has been named to the Fortune Cyber 60 2023 list .
  • The Fortune Cyber 60 is a new listing of the most important venture-backed startups that offer enterprise-grade cybersecurity solutions.
  • View the full release here: https://www.businesswire.com/news/home/20231218142256/en/
    Horizon3.ai is a 2023 Cyber 60 selection by Fortune Magazine.
  • To construct the Fortune Cyber 60 list, Lightspeed Venture Partners surveyed over 300 cybersecurity startups based on market data provided by Pitchbook.

Coro Named to Inaugural Fortune Cyber 60 List of the Fastest Growing Companies in Cybersecurity

Retrieved on: 
Thursday, December 14, 2023

Coro , the leading provider of cybersecurity for the midmarket, today announced that it was named to the inaugural Fortune Cyber 60 list of the fastest growing companies in cybersecurity.

Key Points: 
  • Coro , the leading provider of cybersecurity for the midmarket, today announced that it was named to the inaugural Fortune Cyber 60 list of the fastest growing companies in cybersecurity.
  • The Fortune Cyber 60 is a prestigious new listing of the industry’s top private cybersecurity companies.
  • “Coro’s recognition on Fortune’s inaugural Cyber 60 list is the latest validation of our success delivering enterprise-grade, affordable cybersecurity to the midmarket,” said Guy Moskowitz, CEO, Coro.
  • 62, and named to the MES Midmarket 100 list of the industry’s top companies supporting midmarket organizations.

Expel Lands on Inaugural Fortune Cyber 60 List of Most Important Venture-Backed Startups that Offer Enterprise-grade Cybersecurity Solutions

Retrieved on: 
Thursday, December 14, 2023

“We’re honored to be recognized on this list for the important work we’re doing charting the future of our industry,” said Dave Merkel, CEO and co-founder of Expel.

Key Points: 
  • “We’re honored to be recognized on this list for the important work we’re doing charting the future of our industry,” said Dave Merkel, CEO and co-founder of Expel.
  • It's no wonder that demand for cybersecurity services is booming.” Fortune continued, “Fortune teamed up with Lightspeed Venture Partners to identify the fastest-growing startups in this critical field.”
    The spot on the Fortune Cyber 60 list is the most recent accolade Expel has achieved in 2023.
  • To compile the Fortune Cyber 60 list, Lightspeed Venture Partners surveyed over 300 cybersecurity startups based on market data provided by Pitchbook.
  • The companies in the Fortune Cyber 60 offer a broad range of tools and services, from threat detection and identification management to disaster recovery and compliance with regulations.

Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi

Retrieved on: 
Wednesday, December 13, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213003404/en/
    Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi (Photo: AETOSWire)
    In conjunction with the round, Andalusia Labs announced the establishment of its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets.
  • “Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today," said Ravi Mhatre, Partner at Lightspeed Venture Partners.
  • Andalusia Labs intends to utilize the funds to accelerate product development, enhance institutional partnerships, and continue global expansion.
  • The opening of their global headquarters in Abu Dhabi will catalyze their global scaling efforts and strategically position the company for unparalleled growth.

Noetica Announces $7.8M in Funding to Bring AI Driven Data and Insights to the Corporate Debt Markets

Retrieved on: 
Tuesday, December 12, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231212216022/en/
    Noetica co-founders pictured from left to right: Dan Wertman, Tom Effland, and Yoni Sebag.
  • Leveraging the power of artificial intelligence, Noetica empowers professionals to more deeply and efficiently analyze highly complex transactional documentation to inform term negotiation and decision-making in debt issuances and investments.
  • Noetica uses its proprietary AI technology to help deal professionals make better decisions—providing a long overdue technological advancement to the $50+ trillion corporate credit markets.
  • Noetica has uniquely built and fine-tuned their AI technology in-house and proudly notes that it does not utilize external LLMs to power its software.

Intuitive Ventures Closes $150 Million Fund II to Continue Investment in Startups Reimagining Minimally Invasive Care

Retrieved on: 
Monday, December 4, 2023

Intuitive Ventures , an early-stage fund investing in companies reimagining the future of minimally invasive care, today announced the close of $150 million for its second fund.

Key Points: 
  • Intuitive Ventures , an early-stage fund investing in companies reimagining the future of minimally invasive care, today announced the close of $150 million for its second fund.
  • With Fund II, Intuitive Ventures will invest in visionary founders who are passionate about creating transformative value across three areas of investment focus:
    This press release features multimedia.
  • Fund II will continue this successful strategy and Intuitive Ventures will invest in a brand new vintage of visionary startups while drawing on Intuitive Surgical's network and corporate oversight.
  • With Fund II, Intuitive Ventures will further scale its impactful approach, and help accelerate the creation of innovative minimally invasive care solutions.”

Seismic Therapeutic Closes $121 Million Series B Financing to Advance Immunology Pipeline Optimized by its Machine Learning Platform

Retrieved on: 
Monday, December 4, 2023

Seismic Therapeutic, Inc ., the machine learning immunology company, today announced that it has closed a $121 million Series B financing.

Key Points: 
  • Seismic Therapeutic, Inc ., the machine learning immunology company, today announced that it has closed a $121 million Series B financing.
  • In addition, the Series B will enable the continued growth of the company’s pipeline in both the IgSc and DcB product areas, beyond the lead programs.
  • This progress resulted from Seismic’s integration of leading-edge machine learning into drug development in a specific area – biologics for immunology – powered by a diverse team of drug developers and machine learning innovators.
  • “This financing enables us to continue our momentum and advance both of our exciting lead programs into the clinic.

Advancing Women in Tech Collaborates with U.S. Department of State’s Academy for Women Entrepreneurs Indo-Pacific Summit

Retrieved on: 
Monday, November 27, 2023

Advancing Women in Technology (AWIT) , a global 501(c)(3) non-profit organization advancing women and underrepresented groups into tech leadership roles by upskilling its members, announced today its continued collaboration with the U.S. Department of State’s Academy for Women Entrepreneurs (AWE) program and associated events.

Key Points: 
  • Advancing Women in Technology (AWIT) , a global 501(c)(3) non-profit organization advancing women and underrepresented groups into tech leadership roles by upskilling its members, announced today its continued collaboration with the U.S. Department of State’s Academy for Women Entrepreneurs (AWE) program and associated events.
  • AWE connects women with experts to advance business acumen and build stronger ties among women entrepreneurs in different markets.
  • The Summit brought together over 75 women entrepreneurs representing cohorts from Brunei, India, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam.
  • Catherine Muller, Team Lead for the U.S. Department of State’s Academy for Women Entrepreneurs stated: “The Academy for Women Entrepreneurs Women in Tech Summit is a public-private collaboration that demonstrates global American leadership in the technology and startup sectors.

AI Company Pika Raises $55M to Redesign Video Making and Editing

Retrieved on: 
Tuesday, November 28, 2023

Pika , an AI video platform that is redesigning the video-making and editing experience, announced its Series A funding round of $35 million, led by Lightspeed Venture Partners.

Key Points: 
  • Pika , an AI video platform that is redesigning the video-making and editing experience, announced its Series A funding round of $35 million, led by Lightspeed Venture Partners.
  • A video highlighting some of the new features of Pika 1.0 can be found here .
  • While other AI video tools are primarily focused on professionals and commercial use, Pika has designed a video-making and editing experience that is effortless and accessible to the everyday consumer and creator.
  • "Just as other new AI products have done for text and images, professional-quality video creation will also become democratized by generative AI.