Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out.
Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Madrona Venture Group raises a $300M fund
Madrona Venture Group announced today that it just closed its sixth and latest fund with $300 million to “back founders at the earliest stages as they build some of the most innovative businesses in the world.” The venture firm manages almost $1.3 billion in funds.
More: Madrona Venture Group
TabbedOut, an app for paying at bars and restaurants, raises $21.5M
TabbedOut, an app that lets users pay their check while dining out, announced today that it raised $21.5 million in a series C round led by Wellington Management Company. NEA and Morgan Creek Capital Management, who are previous investors, followed.
TabbedOut promises to offer the “quickest, most secure way to pay at bars and restaurants.” It also gives restaurants a way to track their customers’ behavior.
TabbedOut will use the funds to expand in the U.S. and prepare for international expansion.
Nervana Systems, a startup building artificial intelligence systems that companies can use to make their applications smarter, announced today a $20.5 million round of funding.
Data Collective led the new round in Nervana. Allen & Co., AME Cloud Ventures, Andy Rubin’s Global Playground, the CME Group, Draper Fisher Jurvetson, Fuel Capital, Lux Capital, and Omidyar Network also participated.
It’s not Instagram, it’s not Flickr, it’s PicsArt. The image editing and sharing app announced today it scored $15 million from Insight Venture Partners and Sequoia Capital in its latest round. PicsArt had already raised $10 million from Sequoia Capital earlier this year.
The company told VentureBeat they are different from Flickr and Instagram because they are “focused on the creative process more than just posting photos.” Deeper video integration is also in the works.
AI mobile advertising company S4M snagged $8 million from Entrepreneur Venture and Bpifrance
The company said it will use the funds from the round to double its technical team. As of now, S4M’s main products are Yanco, an artificial intelligence advertising platform, and Fusio, an AI optimizer that “knows how to track everything, from the bid to the impression of the ad to the payment,” S4M’s founder and CEO Christophe Collet told VentureBeat.
New Enterprise Associates leads $6.3M round for video nomination app Blend
Blend, an app for people — especially teens — to “nominate” their friends for video challenges and trends, announced today it raised $6.3 million in a series A round led by New Enterprise Associates. Metamorphic Ventures, Red Sea Ventures, Great Oaks Capital, and previous investors also participated in the round. Blend has raised at least $9 million since its seed round in 2014.
Plotly, a company that organizes data graphs and dashboards for Google, NASA, and the U.S. Air Force, announced today that it raised $5.5 million in a series A round.
The company told VentureBeat that it will soon introduce interactive 2D and 3D maps, automatic updates your databases, and “beautiful, easy to customize dashboards that fetch and update your data for data analysis and visualization.”
This list will be updated with breaking funding news all day. Check back for more.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more