Bain Capital Ventures

defi SOLUTIONS Announces New Partnership with Gestalt Tech for Data Warehousing Capabilities for Lenders

Retrieved on: 
Tuesday, December 12, 2023
Other Professional Services, Security, Data Management, Technology, Finance, Fintech, Banking, Business, Accounting, Blockchain, Professional Services, Online Privacy, Other Technology, Software, Internet, Mobile, Wireless, LOS, Multimedia, Movement, Warburg Pincus, Bain Capital Ventures, PII, Bank, Cryptocurrency, Gestalt, Fiserv

defi SOLUTIONS is pleased to announce the addition of Gestalt Tech to the defi family of data and service providers partnering to improve fintech for the lending industry.

Key Points: 
  • defi SOLUTIONS is pleased to announce the addition of Gestalt Tech to the defi family of data and service providers partnering to improve fintech for the lending industry.
  • Gestalt provides lenders a cloud-based, smart data warehouse purpose built for lenders using the defi LOS originations system.
  • Gestalt eliminates the need for lenders to hire data engineers to create a data architecture, data models and data mapping while also handling security, PII, data export, and warehouse maintenance on behalf of clients.
  • “Gestalt solves a problem for our defi LOS clients in need of effective data warehousing,” said Tom Allanson, CEO, defi SOLUTIONS.

Institutional Crypto Brokerage Nonco Secures $10m of aggregate new capital in Seed Round, Led by Valor Capital Group and Hack VC

Retrieved on: 
Monday, December 11, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Digital Cash Management, Digital Assets, Theta, RBS, Comptroller, Entrepreneurship, Bastion, Partner, O'Melveny & Myers, BTG, OSL, CMCC, Prime brokerage, Currency, Growth, Knowledge, Merrill (company), Bain Capital Ventures

Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.

Key Points: 
  • Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.
  • The seed round was a combination of equity and convertible notes, the round was led by Valor Capital Group and Hack VC.
  • The capital will be used by Nonco to continue its growth and serve the Americas growing institutional demand.
  • Fernando Martinez, CEO of Nonco, said: “We want to make a statement, and it begins with our name, Nonco, derived from 'nonconformist.'

MaintainX Makes Equipment and Regulatory Downtime a Thing of the Past With $50M in New Funding

Retrieved on: 
Wednesday, December 6, 2023
Other Manufacturing, Technology, Professional Services, Manufacturing, Software, Asset Management, IOT (Internet of Things), Data Management, Artificial Intelligence, Titan, Duracell, Bureau, GM, Quality, Entrepreneurship, Plant, SAP, Brenntag, Bureau of Economic Analysis, Shell, The Queen of SOP, Multimedia, Loop maintenance operations system, Senior advisor, Ageing, Engineering, Digital supply chain security, Partnership, VP Bank, ERP, Growth, Univar Solutions, AI, Economics, BCV, Bain Capital Ventures, Digital supply chain, SVP, Cryptocurrency, Maintenance (technical), Asset management, Twilio, Toast, Cintas

Following the company's Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.

Key Points: 
  • Following the company's Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.
  • View the full release here: https://www.businesswire.com/news/home/20231206379674/en/
    Improve the way your team plans, manages, and executes equipment maintenance with streamlined work order management and resource planning.
  • (Photo: Business Wire)
    The world’s leading manufacturing, industrial, logistics, hospitality and facilities management companies rely on MaintainX to prevent downtime and ensure 24/7 operations.
  • “The insights MaintainX provides improve our decision making, helping us prevent equipment downtime and predict maintenance needs before they become costly problems.

GrowthCap Announces GrowthCap's Top Software Investors of 2023

Retrieved on: 
Thursday, October 26, 2023
Newton, Francisco Partners, Silversmith Capital Partners, Summit Partners, PSG, Bain Capital Ventures, Vista Equity Partners, JMI, Software, Growth, TA Associates, Sageview Capital, Battery Ventures, Spectrum Equity, Chicago Growth Partners, TCV, Insight Partners, Spectrum, Cryptocurrency, Asset management, Norwest

NEW YORK, Oct. 26, 2023 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top Software Investors of 2023. In our fifth year running this awards process, the candidate pool was more robust than we have ever seen. Many of this year's candidates received a remarkable number of substantive nominations from CEOs and other colleagues who had worked extensively with the candidate. When software became the sector of choice in growth investing many years ago, investors came flooding in, but through the test of time only the most skilled have remained on top and have even widened their competitive advantages as each year unfolded.

Key Points: 
  • GrowthCap is pleased to announce The Top Software Investors of 2023.
  • NEW YORK, Oct. 26, 2023 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top Software Investors of 2023.
  • The more important takeaway is that this group of investors, taken as a whole, represents the top tier in software investing.
  • Please join us in recognizing and celebrating the achievements of The Top Software Investors of 2023.

Zero Hash Honored by Goldman Sachs for Entrepreneurship

Retrieved on: 
Wednesday, October 18, 2023
Goldman Sachs, Inc., NYSE, Hash, Bain Capital Ventures, Interactive Brokers, Summit, GS, World Innovation Summit for Education, API, Stripe, Boilermaker, Cryptocurrency

CHICAGO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Today, Goldman Sachs (NYSE:GS) is recognizing Zero Hash Founder and CEO, Edward Woodford as one of the Most Exceptional Entrepreneurs of 2023 at its Builders and Innovators Summit in Healdsburg, California.

Key Points: 
  • CHICAGO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Today, Goldman Sachs (NYSE:GS) is recognizing Zero Hash Founder and CEO, Edward Woodford as one of the Most Exceptional Entrepreneurs of 2023 at its Builders and Innovators Summit in Healdsburg, California.
  • Goldman Sachs selected Edward Woodford from multiple industry CEOs to be honored at the two-day event.
  • “We’re delighted to recognize Edward Woodford as one of the most exceptional entrepreneurs of 2023,” said David Solomon, Chairman and CEO of Goldman Sachs.
  • “I am honored to have been recognized by the Goldman Sachs Entrepreneurship Award,” said Edward Woodford, Founder and CEO of Zero Hash.

Groundbreaking AI-Driven VISO TRUST Platform Transforms Third-Party Cyber Risk Management - Enables Risk Assessments in Minutes, not Months

Retrieved on: 
Wednesday, October 25, 2023
Data Management, Security, Technology, Other Technology, Software, Artificial Intelligence, Internet, Risk, Gold, SOC, Economics, Organization, Information, Bain Capital Ventures, Trust, CISO, Bain Capital, Elevate, Risk management, Risk assessment, Platform as a service, NTH, Artifact, Ciso, Privacy, Infrastructure as a service, PCI, AI, ISO, Uncertainty, Software as a service, Online shopping, Cryptocurrency, Medical device, TRUST

Paul Valente, CEO of VISO TRUST, emphasized the transformative impact of the technology, stating, "VISO TRUST's AI-driven breakthrough heralds a paradigm shift that will redefine third-party risk management effectiveness.

Key Points: 
  • Paul Valente, CEO of VISO TRUST, emphasized the transformative impact of the technology, stating, "VISO TRUST's AI-driven breakthrough heralds a paradigm shift that will redefine third-party risk management effectiveness.
  • VISO TRUST fills this need completely.”
    Elevate your third party risk management with AI:
    VISO TRUST’s AI enables organizations to transform and scale their approach to cyber risk management.
  • Their intuitive platform simplifies vendor risk assessments with AI and surfaces critical risk metrics for smarter and faster vendor assessments.
  • Take a self-guided interactive demo of VISO’s AI platform or create an account to receive an AI cyber risk assessment at no cost.

Aleph Emerges from Stealth with $16.7M to Build Next-Gen Financial Planning and Analysis Platform

Retrieved on: 
Tuesday, October 24, 2023
Finance, Data Management, Professional Services, Technology, Software, Gozzi, MIT, Aleph, MVP, Khosla Ventures, Bain Capital Ventures, Multimedia, DocuSign, BCV, HRIS, Y Combinator, Traction, CFO, CRM, AI, ERP, Cryptocurrency, Management, Video game, Microsoft Excel

Today Aleph , the source of truth for finance teams, emerged from stealth with $16.7 million in financing.

Key Points: 
  • Today Aleph , the source of truth for finance teams, emerged from stealth with $16.7 million in financing.
  • Aleph serves as the one repository for all financial data, helping teams make better decisions, faster.
  • Aleph allows finance and operations teams to integrate all of their sources of data (ERP, HRIS, CRM, etc.)
  • Aleph then complements this with AI-assisted dashboards and a real-time web app for collaborative planning, making it easy to work with other teams.

Cleanlab Raises $25M Series A to Automatically Increase the Value and Accuracy of the World’s Enterprise Data Used by AI, ML, and Analytics Solutions

Retrieved on: 
Tuesday, October 10, 2023
Technology, Finance, Professional Services, Software, Networks, Data Analytics, Electronic Design Automation, Data Management, Artificial Intelligence, Bain Capital Ventures, Algorithm, Multimedia, AWS, Microsoft, Hugging Face, Metadata, Software engineering, AI, LLM, Data, Tesla, Harvard University, Data curation, Artificial intelligence, MIT, Menlo Ventures, ByteDance, ChatGPT, TLM, BCV, Doctor of Philosophy, Library, Computer science, JPMorgan Chase, ML, Cryptocurrency, Sales, Oracle, Walmart, Databricks

Cleanlab, the company behind the automated data curation solution used to increase the dollar value of every data point in enterprise artificial intelligence (AI), large language model (LLM), and analytics solutions, has secured $25 million in Series A funding.

Key Points: 
  • Cleanlab, the company behind the automated data curation solution used to increase the dollar value of every data point in enterprise artificial intelligence (AI), large language model (LLM), and analytics solutions, has secured $25 million in Series A funding.
  • For today’s businesses, revenue is directly tied to data-driven analytics decisions and generative AI solutions.
  • Cleanlab Studio identifies and fixes issues in all types of datasets, including text, image, and tabular data.
  • “They have developed a solution to a large and pressing problem for enterprises across almost all industries: namely, ambiguous and wrongly labeled data.

Reserv Raises $20M Series A Co-Led By Altai Ventures and Bain Capital Ventures (BCV) to Accelerate Already-Rapid Growth

Retrieved on: 
Tuesday, October 3, 2023
Insurance, Software as a service, LLM, Policy, BCV, Arch Capital Group, Mga offensive, Data analysis, Anthemis, Anomaly, ARR, Bain Capital Ventures, AXIS Capital, MGA, Growth, AI, TPA, Airline, Cryptocurrency, Computer reservation system

NEW YORK, Oct. 3, 2023 /PRNewswire-PRWeb/ -- Reserv, the leader in AI-driven insurance claims processing, announced today the close of its $20M Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group. With Reserv, customers are seeing a sustained reduction in cycle times for property claims and auto claims in the magnitude of 1.6x to 2.6x, and this funding will enable the company to extend these results to additional customers.

Key Points: 
  • This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.
  • Reserv helps managing general agents (MGAs) and insurance carriers improve claims handling and increase data availability for greater efficiency and accuracy.
  • "It is hard for an insurtech startup to build a modern TPA from scratch," said Oleg Ilichev, Managing Partner at Altai Ventures.
  • Reserv is licensed and live across the US and the UK for all non-workers compensation property and casualty claims.

Decodable Adds Bring Your Own Cloud Capability to Stream Processing Platform

Retrieved on: 
Tuesday, September 26, 2023
Cloud, Flink, SQL, Table, Confluence, Apache Flink, Internet of things, Morling, Multimedia, Apache, CDC, SAN, Bain Capital Ventures, Reading, API, AWS, Support, BYOC, Book, Scala, Viterbi decoder, Venrock

SAN FRANCISCO, Sept. 26, 2023 /PRNewswire-PRWeb/ -- CONFLUENT CURRENT—Decodable, makers of the enterprise-ready stream processing platform built on Apache Flink and Debezium, today announced at Confluent Current the general availability of Bring Your Own Cloud (BYOC), which allows users to run a private instance of the Decodable data plane—the part that handles connectivity and stream processing—in their own AWS account. In addition, Decodable has opened up a technical preview to support custom jobs written in Java using the standard Apache Flink DataStream and Table APIs.

Key Points: 
  • SAN FRANCISCO, Sept. 26, 2023 /PRNewswire-PRWeb/ -- CONFLUENT CURRENT— Decodable , makers of the enterprise-ready stream processing platform built on Apache Flink and Debezium, today announced at Confluent Current the general availability of Bring Your Own Cloud (BYOC), which allows users to run a private instance of the Decodable data plane—the part that handles connectivity and stream processing—in their own AWS account.
  • Businesses are using stream processing to make smarter and faster decisions by acting on time-sensitive and mission-critical events, performing real-time analytics, and building applications with features delivered to end-users in real time.
  • "We've taken the best-of-breed open source projects—Apache Flink and Debezium, among others—and built a powerful, fully-managed stream processing platform enterprises can run at scale in production.
  • Built with open source Apache Flink and Debezium, Decodable offers a serverless, fully-managed stream processing platform that delivers real-time data ingestion, integration, analysis and event-driven service development.