Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners.
“Torq’s approach to a hyperautomation platform works across multiple pillars of the organizational cybersecurity platform, making the organization more resilient.”Smadari co-founded Portland, Oregon-based Torq alongside Ofer Smadari, Leonid Belkind and Eldad Livni in 2020.
To that end, Torq lets IT teams create and deploy security workflows designed to integrate with existing cybersecurity infrastructure.
Smadari asserts, however, that Torq gives customers the ability to choose which parts of their data are accessible to the Torq platform and where that data’s stored — e.g.
According to Smadari, Torq, which makes money by charging an annual subscription, has grown revenue 300% in 2023 on 500% client base growth.
Staniszewski says that he and Dabkowski, who grew up in Poland, were inspired to create voice cloning tools by poorly dubbed American films.
Paying customers can upload voice samples to craft new styles using ElevenLabs’ voice cloning.
The infamous message board 4chan, known for its conspiratorial content, used ElevenLabs’ tools to share hateful messages mimicking celebrities like actress Emma Watson.
Then there’s the elephant in the room: the existential threat platforms like ElevenLabs pose to the voice acting industry.
Even this didn’t please some voice actors, however — including SAG-AFTRA’s own members.
The average company was using 130 software-as-a-service (SaaS) apps as of 2022, according to Statista — a volume that’s impacting productivity.
Today, Zuercher leads Prismatic, an iPaaS startup designing a solution to help business-to-business (B2B) SaaS companies connect their products to the other products their customers already use.
Zuercher co-founded Prismatic with Beth Harwood and Justin Hipple in 2019, aiming to streamline app integration development to let SaaS companies more easily connect to third-party software.
“SaaS companies are spending huge amounts of time and resources on integrations,” Zuercher said.
“We’re seeing intense demand across our portfolio of B2B software companies for a platform to help augment integration capabilities.
Employee performance reviews take time and effort — and aren’t always conducted very efficiently.
Seeking to make the performance review process easier — or at least less of a headache than it has been historically — Ben Hastings and Jon Malpass founded PerformYard, a platform that provides a collection of software-based retention, staff management and upskilling tools.
“PerformYard has been cash-flow positive with attractive unit economics for the majority of our existence as a business.”Prior to launching PerformYard, Hastings spent the majority of his career in tech as a go-to-market sales leader.
“In early 2013, I decided to go all-in on building a software-as-a-service platform for employee performance management and personally funded the initial team.
“Our mission is to simply enable and facilitate any performance process that our customers are looking to automate and improve,” Hastings said.
Governance, risk management and compliance — GRC for short — remains one of the most active startup areas in terms of VC investments.
GRC helps organizations better manage risk while staying in compliance with regulations — and there’s an increasing number of regulations to worry about.
“Anecdotes is redefining compliance and risk management by transforming it from a labor-intensive task with skyrocketing associated costs into data-oriented processes.”Anecdotes’ platform automatically collects GRC-related “artifacts” (i.e.
Anecdotes’ competitors include VComply, a risk and compliance management startup that’s raised over $10 million in venture capital so far, and Cypago, which aims to automate compliance and governance for companies.
Kuznitsov asserts that Anecdotes is well-positioned, though, with around 100 customers including Snowflake, Coinbase SoFi, Grafana and Payscale.
Statista, meanwhile, reports that a whopping over two-thirds — 72% — of businesses have been affected by ransomware attacks as of 2023.
Certainly, one vendor, Halcyon, is experiencing a boon, having raised $44 million in a Series A round last April.
The startup’s now closed a smaller Series B tranche — $40 million — that brings its total raised to $84 million.
“The Halcyon platform is built to keep businesses operational even in the event of a widespread ransomware incident,” Miller said.
“Halcyon is the only company solely focused on battling ransomware with layers for both prevention and resilience,” Miller said.
Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH.
The company is making the sky green — literally — with its new fuel, which it calls aerobrew.
The company is focusing on jet fuel as its primary output, buying a ticket to make jet fuel conforming to aviation standards.
“Operational safety is paramount from fuel handling on the ground to high-altitude combustion performance,” notes Leigh Hackett, co-founder and CCO at Metafuels.
Metafuels’ eSAF technology enables a seamless transition away from fossil-based kerosene using a process they developed to convert green methanol to eSAF.
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