Battery Ventures

Procurement Sciences AI Raises $10M in Series A Funding to Revolutionize the Government Contracting Business-Development Process

Retrieved on: 
Tuesday, April 9, 2024
Technology, Other Professional Services, Business, Apps, Applications, Consulting, Public Policy, Government, Small Business, Professional Services, Artificial Intelligence, Defense, Software, Contracts, White House, Federal Government, Data Management, Research, Sergeant, Procurement, Organization, Growth, Tower Research, SharePoint, Veteran, Battery Ventures, Artificial intelligence, AI, Google Drive, Eye, Woman, Workflow, Marine Corps Expeditionary Medal, Engineering, Construction

Procurement Sciences AI (“PSci.AI”), the next-generation bidding-intelligence platform for government contractors, today announced that it has raised $10M in Series A funding.

Key Points: 
  • Procurement Sciences AI (“PSci.AI”), the next-generation bidding-intelligence platform for government contractors, today announced that it has raised $10M in Series A funding.
  • Brandon Gleklen from Battery Ventures and Jared Young from Tower Research will join the Procurement Sciences board of directors.
  • "We launched Procurement Sciences with the mission of addressing the industry's biggest pain points by adopting a generative AI-first approach," stated Christian Ferreira, founder and CEO of Procurement Sciences AI.
  • We are honored to partner with Procurement Sciences to support that mission.”
    For more information about Procurement Sciences or to request a product demo, please visit: https://ProcurementSciences.com/ or https://Awarded.AI/

Battery Ventures Announces Strategic Investment in AdaCore to Propel the Future of High Integrity Software Development

Retrieved on: 
Thursday, March 28, 2024
Security, Hardware, Other Technology, Technology, Software, High, Longevity, Partnership, Battery Ventures, Transport, Safety, Future, DDA, Machine learning, Multimedia, Risk management

Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in AdaCore, a leader in providing software development tools for safety- and security-critical systems.

Key Points: 
  • Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in AdaCore, a leader in providing software development tools for safety- and security-critical systems.
  • View the full release here: https://www.businesswire.com/news/home/20240328498013/en/
    Battery Ventures Announces Strategic Investment in AdaCore to Propel the Future of High Integrity Software Development (Graphic: Business Wire)
    Founded three decades ago, AdaCore specializes in developing robust software solutions that cater to industries where safety, security, and reliability are paramount.
  • Leveraging Battery Ventures' investment, AdaCore will enhance its product portfolio, developing innovative new tools and technologies that address the evolving needs of companies pursuing high integrity software development.
  • "We are at a pivotal moment in the evolution of software development, where the demand for high integrity and secure software has never been more critical,” said Franco Gasperoni, CEO at AdaCore.

Battery Ventures Invests in Training and Certification Company Mobius Institute

Retrieved on: 
Tuesday, March 26, 2024
Technology, Finance, Consulting, Other Technology, Professional Services, Software, Training, Asset Management, Education, Other Professional Services, Mobius, Certification, Dow, Growth, Coca-Cola, Partnership, Battery Ventures, Mercedes-Benz, Acquisition, Ford, Student, NASA, Samsung, Rio Tinto, Cargill, ABB, M&A, TKR, SKF, Battery, Hyundai, ISO, Movement

Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in Mobius Institute (“Mobius”), a company that specializes in reliability improvement, conditioning-monitoring, and precision-maintenance training and certification.

Key Points: 
  • Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in Mobius Institute (“Mobius”), a company that specializes in reliability improvement, conditioning-monitoring, and precision-maintenance training and certification.
  • Mobius delivers its training via public, in-plant, and online training programs and has trained more than 70,000 professionals from 180 countries since 2005.
  • In addition to training, a related entity to the company, Mobius Institute Board of Certification, is an ISO/IEC 17024 and ISO 18436-accredited certification body that provides globally recognized certification to reliability professionals, vibration analysts, ultrasound analysts, thermal imaging, and lubrication specialists worldwide.
  • Jason Tranter, the co-founder of Mobius, said he hoped the partnership with Battery will help his company scale to a new level.

Viam Announces $45M Series B Funding for Revolutionary Software Platform Accelerating AI, Data, and Innovation in Robotics, IoT, and Smart Machines

Retrieved on: 
Tuesday, March 26, 2024
Automation, Union Square Ventures, Prevalence, Learning, WAVS, Battery Ventures, Synovial joint, Climate, Software, AI, Whale, Robotics, MongoDB, Machine learning

NEW YORK, March 26, 2024 /PRNewswire/ -- Viam, the software platform for smart machines, today announced that it has closed $45 million in Series B financing. The round includes participation from continuing investors, Union Square Ventures and Battery Ventures. The financing brings Viam's total funding to $87 million.

Key Points: 
  • NEW YORK, March 26, 2024 /PRNewswire/ -- Viam , the software platform for smart machines, today announced that it has closed $45 million in Series B financing.
  • Viam, the software platform for smart machines, announced that it has closed $45 million in Series B financing.
  • Viam is a fully modular, interoperable, and open source software solution that works seamlessly across all hardware and any fleet of machines.
  • The latest funding will enable Viam to continue accelerating enterprise partnerships, driving commercial innovation, and making further developments into the software platform.

Amidst war: A new venture capital fund for dual-use technologies was established in Israel

Retrieved on: 
Wednesday, March 20, 2024
Sentinel, Partner, University, Partnership, Battery Ventures, Gadot, Conduit, Investment, Directorate, Defense, TEL, Port, Bank

TEL AVIV, Israel, March 20, 2024 /PRNewswire/ -- The newly established fund, named 2i (Dual Impact) Ventures, will focus mainly on investments in start-up companies engaged in the development of technologies for both civilian and defense applications. In addition, the fund will help make civilian technologies accessible to the defense market, which currently enjoys record high budgets. The fund began its activity after an initial closing of funds raised from Israeli, American and European investors, and in conjunction with its initial investment activity, mainly in areas that correlate with its strategic partners, the fund continues to raise capital.

Key Points: 
  • In addition, the fund will help make civilian technologies accessible to the defense market, which currently enjoys record high budgets.
  • The fund signed a strategic partnership agreement with Maf'at (Directorate of Defense Research & Development), the world-renowned R&D arm of the Israeli defense establishment.
  • Another partner who joined the fund is Dror Erez, a serial entrepreneur and formerly co-founder and VP of Technology at Conduit.
  • Market corrections in the field of venture capital, together with increased investments in national security, represent significant opportunity for the fund, which offers unique perspective and value to technology ventures, together with its partners and side by side with other venture capital funds."

Cribl Reports Record-Breaking Growth and Continued Product Leadership as More Enterprises Transform Data Strategies

Retrieved on: 
Monday, March 4, 2024
Cloud, ThoughtSpot, SAN, CrowdStrike, NDR, Crib, SVP, Growth, Data management, Telemetry, Infrared, Battery Ventures, API, ARR, Customer, ServiceNow, Ecosystem, Elastic, Snowflake, Security, Cloud computing, AWS, Video game

The company has also expanded its presence in Australia and New Zealand and developed a new product, coming to customers in Spring 2024.

Key Points: 
  • The company has also expanded its presence in Australia and New Zealand and developed a new product, coming to customers in Spring 2024.
  • “2023 was a momentous year of growth for Cribl marked by market leadership, industry recognition, and unprecedented adoption of our data solutions purpose-built for IT and security teams,” said Clint Sharp, co-founder and CEO of Cribl.
  • New CRO: Cribl has appointed industry veteran Ali Tierney as Chief Revenue Officer to lead global sales and customer experience.
  • Cribl also continued to build its ecosystem through the Cribl for Startups program and strategic partnerships with companies including AWS , CrowdStrike , Elastic , and Exabeam .

Machinify Debuts Healthcare Industry’s Most Comprehensive Application Suite, Powered by the Combination of AI and Deep Clinical Expertise, to Save Billions in Administrative Costs

Retrieved on: 
Monday, March 4, 2024
Health Insurance, Data Management, Insurance, Other Health, Technology, Practice Management, Business, Apps, Applications, Managed Care, General Health, Professional Services, Venture Capital, Artificial Intelligence, Software, Data Analytics, Health, Natural language processing, Roger Hawkins (drummer), Artificial intelligence, AI, General partnership, Language, Battery Ventures, Frustration, Software as a service, Certification, OCR, Patient, Automation, Economics, HITRUST, NLP, Health care

Machinify's new app suite, consisting of Machinify Auth, Machinify Audit, and Machinify Pay, debuts at a time when healthcare costs have spiraled out of control.

Key Points: 
  • Machinify's new app suite, consisting of Machinify Auth, Machinify Audit, and Machinify Pay, debuts at a time when healthcare costs have spiraled out of control.
  • Of this, it is estimated almost $1 trillion is considered wasteful spending, with approximately $500 billion attributed to administrative complexity and pricing failures.
  • Machinify is leading the way, bringing together purpose-built AI, enterprise-scale software, and deep domain expertise into one connected offering,” said Prasanna Ganesan, Machinify founder and CEO.
  • Doing so will cost them billions in unnecessary costs.”
    To learn more about how Machinify is dramatically transforming healthcare administration, please visit www.machinify.com .

Orkes Raises $20M in Fresh Funding as Its Application Orchestration Platform Grows in Popularity With Developers and Enterprises

Retrieved on: 
Wednesday, February 21, 2024
Software, Networks, Internet, Data Management, Technology, Apps, Applications, Other Technology, Security, Nexus, Cloud, Engineering, Netflix, UI, Collective, AI, UWM, Health, Growth, GCP, Government, News Corp, United Wholesale Mortgage, Battery Ventures, API, GE HealthCare, Organization, News, Insurance, Foxtel, Logic, Microsoft, Justice, AWS, Cryptocurrency

Orkes , whose platform offers the fastest way to scale distributed systems, has raised $20 million in new funding.

Key Points: 
  • Orkes , whose platform offers the fastest way to scale distributed systems, has raised $20 million in new funding.
  • This latest round was led by Nexus Venture Partners with participation from existing investors Battery Ventures and Vertex Ventures US .
  • One of the largest healthcare organizations in the world is using Orkes Conductor for orchestration of machine learning pipelines.
  • One of the largest insurance companies in the Asia Pacific region uses Orkes Conductor to modernize its client-facing claims management processes.

AuditBoard Surpasses $200 Million in ARR, Continues Rapid Growth

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Data Management, Technology, Data Analytics, Software, Internet, CFO, ERM, EVP, Artificial intelligence, Audit management, GRC, General partnership, Risk management, Growth, IT risk management, ESG, Information, Smartsheet, Risk, Everbridge, Battery Ventures, IPO, ARR, Software as a service, Organization

AuditBoard's potent combination of innovative technology and increasing market demand continues to fuel the company's accelerated growth.

Key Points: 
  • AuditBoard's potent combination of innovative technology and increasing market demand continues to fuel the company's accelerated growth.
  • The company’s capital-efficient model has sustained its rapid growth and expansion, with its last funding round, led by Battery Ventures, taking place in 2018.
  • AuditBoard reached this latest revenue milestone 9 months after announcing that the company had exceeded $150M in ARR.
  • These solutions are made up of customer-focused innovations connecting audit, risk, infosec, and ESG teams across the enterprise, and include expanded capabilities like AuditBoard IT Risk Management™, AuditBoard AI™, AuditBoard Analytics™, and AuditBoard Operational Risk Management™.

SmartBear Advances GenAI-Powered Development, Acquires Reflect to Innovate Intelligent Testing Solutions

Retrieved on: 
Thursday, January 25, 2024
Technology, Professional Services, Other Communications, Public Relations, Investor Relations, Security, Apps, Applications, Other Technology, Communications, Software, Networks, Other Professional Services, Internet, Mobile, Wireless, Electronic Design Automation, Data Management, Consulting, Artificial Intelligence, Y Combinator, API, Intelligence, Craft Ventures, TestComplete, Growth, Acquisition, UI, Battery Ventures, Automation, Medical device

SmartBear , a leading provider of software testing and visibility solutions, today announced the acquisition of Reflect , an AI-powered no-code testing platform for web applications.

Key Points: 
  • SmartBear , a leading provider of software testing and visibility solutions, today announced the acquisition of Reflect , an AI-powered no-code testing platform for web applications.
  • Reflect’s AI-based testing solutions bring new possibilities today, like natural language test creation and visual insight generation.
  • SmartBear is committed to steadily enhancing its solutions by leveraging AI in ways that create simplified, scalable testing for modern development teams.
  • With the integration of Reflect, SmartBear is well-positioned to extend its leadership through an AI-powered testing platform that intelligently meets the needs of modern development teams.