Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.
Here are the day’s funding stories:
Intelligent climate control technology is set to see greater global availability. High-tech startup Tado has now closed a round of funding totaling $13.6 million with the goal of expanding the reach of its smart thermostat tech to a wider audience. Tado is currently the leader in the European market when it comes to climate control. The company’s thermostats adjust to your preferences over time and allow you to reduce energy costs. Its smartphone app can tell when you’re about to leave or about to come home and will adjust the temperature accordingly. It can also adjust the temperature based on the weather outside to maximize efficiency.
Read more on VentureBeat: Europe’s home-temp control leader Tado raises $13.6M to keep up worldwide expansion
Zooz raises $12M
Via Reuters: “Zooz, an Israel-based provider of smart payment technology, said on Wednesday it has closed a $12 million round of investment, led by Blumberg Capital.”
IIX, a startup that provides direct interconnection technology, has just come out of stealth mode, and it wants to bring peering to another level, with help from the money it just raised and the colocation companies in its ecosystem. The startup announced a new $10.4 million funding this morning. The name IIX (pronounced eye-eye-ex) stands for International Internet Exchange.
Read more on VentureBeat: IIX raises $10.4M to bring peering to everyone
Shyp, a service that sends a friendly guy or gal to your house to take care of your shipping needs, just raised $9.2 million, according to a filing with the U.S. Securities and Exchange Commission. The startup, which officially launched in San Francisco in late March, lets people who need to ship something simply request a “Shyp hero” (read: friendly person that will do the errand for you) to come pick up their items for a small $5 fee. Shyp then takes care of packing and shipping the items, and bills the customer. Customers can also track their items through the app. It’s currently available only in San Francisco, where the company is based.
Read more on VentureBeat: Shyp raises $9.2M to make shipping more expensive & more convenient for you
Aerial imaging and mapping is about to become more accessible. Airphrame, aerial imagery provider and drone creator just secure $4.2 million in startup funds, according to an SEC filing dated for today. The total offering was for just under $5 million, leaving $750,000 remaining to be sold as of this writing. Airphrame is a service that uses a network of “remote sensing devices” it calls Airphrames to provide people with aerial data — including digital images, orthographic maps, 3D models, and visual analysis — without having to think about operating a drone. All you have to do is point and click on a map to obtain the info you want.
Read more on VentureBeat: Aerial drone maker Airphrame secures $4.2M in startup funding
Jupiter is the fifth planet from the sun. It has 63 moons. 5th Planet Games is a developer of mobile games. It now has $3 million. The studio revealed today that it secured $3 million in its first funding round. 5th Planet develops deep role-playing games as well as collectible-card games for mobile and the Web, and that experience convinced DCA Capital Partners to lead the investment with participation from Moneta Ventures. Gamers spent $16 billion on mobile in 2013, and that number will likely surpass $20 billion this year.
Read more on VentureBeat: 5th Planet Games pulls in $3 million in its first funding round
Social entrepreneurism at its finest right here: HandUp, a site that allows people to donate to homeless people in their neighborhoods safely, just closed its first seed round of $850K. The new funds will allow the company to expand across more of the San Francisco Bay Area and to the East Coast. Rose Broome, CEO and co-founder of HandUp, got the idea for the app while out walking on a cold night in San Francisco. After walking past a homeless woman sleeping out in the cold she “wondered why we can press a button on our smartphone to call an Uber or order dinner, but that we have no similarly convenient way to help someone in need right here in our own community,” she said. And with that thought in mind, she set to work.
Read more on VentureBeat: App for helping the homeless, HandUp, closes first seed round at $850K
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.