USA-based Harness acquires Propelo

California, USA-based modern software delivery platform™ company, Harness acquired Propelo. The company announced the acquisition on January 24, 2023. The USA-based Propelo is an industry leader in engineering productivity. However, it did not disclose the amount of the transaction. Purpose of acquisition by Harness As a part of the deal, Propelo is now available as the Harness Software Engineering Insights module, i.e.,...

USA-based DataCore acquires Object Matrix

Florida, USA-based provider of application-centric solutions for edge and high-growth markets, including media and entertainment, DataCore Software acquired UK-based object storage and media archive provider Object Matrix. The company announced the acquisition on January 24, 2023. However, it did not disclose the amount of the deal. Purpose of acquisition by DataCore With the latest acquisition of Object Matrix, DataCore software accelerates...

Texas-based public safety platform RapidDeploy raises USD 34 million in funding

25 January 2023, AUSTIN, Texas — With participation from current financial and strategic investors GreatPoint Ventures, Morpheus Ventures, GM Ventures, Tao Capital Partners, Ericsson Ventures, Clearvision Ventures, Tau Ventures, NedBank CIB, and others, RapidDeploy, the leading provider of cloud-native 911 mapping and analytics solutions for Public Safety, announced today the raising of USD 34 million in new growth capital....

New York-based fintech startup DailyPay raises USD 260 million in funding

24 January 2023, New York  —  leading provider of financial technology, DailyPay, revealed that it has raised USD 260 million in funding to support local and worldwide expansion and more product innovation. The capital is split between new term loan funding from SVB Capital and a fund managed by Neuberger Berman and revolving credit facility capacity supplied by Barclays...

New York-based insurance company Coverdash closes oversubscribed seed round

Insurance tech startup Riskcovry

NEW YORK, 23 January 2023 – Coverdash, a startup offering simplified insurance solutions to companies of all sizes and types through a fully digital platform, is thrilled to announce the formal launch of the firm as well as the completion of an oversubscribed seed investment round. Coverdash, a New York City-based company, makes it easier for e-commerce vendors, gig workers,...

Texas-based financial platform Grazzy raises USD 4.25 million in seed funding

January 23, 2023, AUSTIN, Texas — The USD 4.25 million seed investment from Next Coast Ventures and Tuesday Capital will hasten the development of Grazzy's same-day pay, inclusive banking capabilities, and digital tipping. The platform for employee payments of the future is called Grazzy. Grazzy has already collected USD 6.8MM in total Seed investment after the Seed round came...

Dayforward raises USD 25 million and acquires Commercial Life Insurance 

USA-based the first digital life insurance company built for modern families, Dayforward raised USD 25 million in recent financing. The company announced the fundraise on January 23, 2023. AXA Venture Partners led the financing for the company. Meanwhile, existing investors, including HSCM Ventures, Juxtapose, and Munich Re Ventures, participated in the financing. Besides the funding, the company announced the acquisition...

India-based Myelin foundry raises USD 3 million in Series A

Bangalore, India-based deeptech startup Myelin Foundry raised USD 3 million in Series A financing. The round took place on January 23, 2023. Automotive electronics major Visteon Corporation led the financing for the company. Meanwhile, Existing investors Endiya Partners, Beyond Next Ventures and Pratithi Investment joined in the investment. Purpose of financing for Myelin foundry  With the latest proceeds from the Series...

Australia-based biotech startup Ferronova raises USD 11 million in capital

The Australian city of Adelaide, Jan. 22, 2023  — Ferronova, an Australian biotech startup, revealed today that it has received an additional USD 11 million to advance its nanoparticle platform and help surgeons more precisely find and remove cancerous cells while treating gastrointestinal and brain tumors . A USD 8 million capital campaign was spearheaded by the Irish business...

California-based biotech company ADARx Pharmaceuticals raises USD 46 million in Series B1 funding

SAN DIEGO — To accelerate its drug development pipeline as the firm's first product approaches the clinic, ADARx Pharmaceuticals, Inc., a clinical-stage biotechnology company creating RNA-targeting medicines, announced the conclusion of a USD 46 million Series B-1 fundraising.  Ascenta Capital served as the lead investor for Series B-1, with participation from the existing syndicate of OrbiMed Advisors, SR One Capital...