Capitalizing on the AI Boom: Aerospike Secures $100M for Its Real-Time Database Platform

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NoSQL database Aerospike today announced that it has raised a $100 million Series E round led by Sumeru Equity Partners. In 2022, Aerospike added document support and then followed that up with graph and vector capabilities — two database features that are crucial for building real-time AI and ML applications. “We were founded primarily as a real-time data platform that can work with data at really high scale, or, as we call it, unlimited scale,” Aerospike CEO Subbu Iyer said. So our premise has held good that real-time data and real-time access to data is going to be important pretty much across every industry. “Aerospike, with its impressive customer base and performance advantage at scale, is uniquely positioned to become a foundational element for the next generation of real-time AI applications.”

“SMBs Secure $100M Investment in Coro’s Cybersecurity Solution, Valued at $750M”

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Now, Coro — one of the startups building tools specifically for smaller businesses — is announcing a big round of funding after seeing its recurring revenues shoot up 300% in the last year. Sources close to the deal tell TechCrunch that its valuation is over $750 million post-money. And among SMBs responding to a survey from Digital Ocean, 74% named data privacy a top concern. The opportunity in the security market for SMBs that Coro has identified is that these businesses typically lack the teams and internal IT budgets to dedicate to building and managing their defenses. Its round last year, in April 2023, was $75 million at a $575 million valuation (also post-money).

“Razor and Perch’s Merger Creates $1.7B Valuation and Secures $100M in Funding as Consolidation Surge Continues”

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Berlin’s Razor Group has acquired U.S.-based Perch, and on top of this it has raised just over $100 million led by Presight Capital with other undisclosed investors participating. The news is the latest development in a wider consolidation and reordering taking place in the world of e-commerce aggregation. Perch, we have heard from multiple sources, had been looking for a buyer for the better part of a year. Perch and Razor do happen to have some investors in common, such as Victory Park Capital, which may well have been central to the negotiations between the two. He claims that this deal solidifies Razor as the “market leader”, and that it is on track for $1 billion in revenues in the next four to eight quarters.

Qatar Allegedly Allocates $100 Million for Startup Ventures

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TechCrunch has learned that the program, known as the “Startup Qatar Investment Program,” is backed by a Qatar Development Bank (QDB)-managed $100 million fund. Like most venture ecosystems, several of these requirements are mandated by limited partners, primarily sovereign wealth funds, in the Gulf upon these venture capital firms. Just last week, Qatar’s sovereign wealth fund unveiled a $1 billion venture capital fund of funds dedicated to international and regional venture capital funds. For Qatar, launching its fund of funds and startup program signifies a crucial step toward developing its tech ecosystem to rival its neighbors, Saudi Arabia and the UAE. Last year, the MENA region experienced a 23% decline in venture capital activity compared to the global average of 42%.

“Shadowfax Receives $100M in Funding and Soars Ahead in Response to Booming Instant Delivery Industry”

Shadowfax, one of the largest logistics service providers to hyper-local and on-demand delivery businesses in India, has raised $100 million in a new funding round as it clocks an yearly growth of 35%. Shadowfax says it makes over 2 million packages delivery each day and has amassed over 3.5 million registered users. Shadowfax operates a logistics and delivery network of over 125,000 monthly active delivery personnels, and works with numerous firms including Flipkart, Meesho and many direct-to-consumer brands. Shadowfax is Mirae Asset’s first investment in India and the venture firm has participated in each subsequent round. “We believe that logistics is fundamental to ecommerce and hyperlocal commerce and that it enables the growth of these markets.

Golden Ventures raises additional $100M for Canadian tech investments

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Golden Ventures, a Canada-based venture capital firm, closed on over $100 million in capital commitments for its fifth fund targeting high-potential, seed-stage founders working across technologies, including AI, climate, blockchain and quantum. “This is a continuation of our core thesis and created to be super founder-aligned,” Golden told TechCrunch. The firm makes both core investments and those that lean more on the angel side. Over 13 years, Golden Ventures has backed over 100 companies at the seed stage. Golden Ventures V is backed by a group of existing institutional limited partners, including BDC Capital, ECMC Group, Foundry, HarbourVest Partners, Kensington Capital Partners, Northleaf Capital Partners, RBC, Teralys Capital, University of Chicago and Vintage Investment Partners, and new institutional partner Deloitte Ventures.

“Unstoppable: 1X Secures $100M from OpenAI for Advancements in Humanoid Robotics”

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The race to perfect the humanoid form factor will be one of 2024’s defining tech stories. 1X is a name (well, a number and letter) that surprisingly doesn’t get as much column space as most of the above. That underlying technology will almost certainly play an outsized role in shaping robotics’ future, and OpenAI has seemingly picked its horse. The humanoid robot strikes a similar figure (so to speak) as some of the competition. The logic (stop me if you’ve heard this one before) is that humanoids are the ideal form factor for navigating environments built by humanoids for humanoids.

AppDirect Secures $100 Million in Expansion of Financial Program for Technology Enterprises

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AppDirect, a San Francisco- and Montreal-based platform for buying, selling and managing tech through a network of IT advisors, has raised $100 million from CDPQ to expand its financing program for small- and medium-sized tech businesses. “Our Invest program is purpose-built to empower our technology advisors,” Emanuel Bertolin, AppDirect’s chief revenue officer, said in a statement. “To keep up with today’s ever-changing market, technology merchants need fast access to capital to accelerate their growth.”AppDirect’s Capital Invest program is a loan program, providing capital for tech businesses in the form of upfront payments. Today, AppDirect offers a set of tools that let businesses monetize — or buy — tech products across a range of different channels and devices. We also provide the opportunity for our advisor community to procure technology for their customers directly from the AppDirect catalog.”AppDirect launched the Capital Invest program in 2021.

“ABL Space Systems Aims for $100M in Fresh Funding as Regulatory Documentation is Unveiled”

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ABL Space Systems is looking to raise up to $100 million in new funding, and has just closed over $40 million, according to a new filing with the U.S. Securities and Exchange Commission. It’s the first indication that ABL has raised venture funding since October 2021, when the launch company closed $200 million at a $2.4 billion valuation. Together, they’re meant to provide a mobile, all-in-one launch system. However, the overall launch site layer represents a weak link.”Unsurprisingly, they argue that GS0 is the solution to this vulnerability, offering both a launch mount and a site system in a “proliferated” architecture. “It was not in our plans to have RS1 grounded for most of 2023,” O’Hanley wrote after the launch.

Okta acquires security giant Spera for over $100 million

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Okta, the identity and access management company, is acquiring security firm Spera. Spera — which my colleague Frederic has covered previously — was co-founded several years ago by entrepreneurs Dor Fledel and Ariel Kadyshevitch. Spera, which has about 25 employees, had raised $10 million prior to the Okta acquisition. Okta sees Spera enabling its customers to better assess the security posture of their identity infrastructure as well as their apps and services — and attracting new customers to the Okta platform. “With Spera, we’ll equip our customers with richer insights and technology to elevate their identity security posture management and quickly identify, detect and remediate risks,” the blog post continues.