Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
SIRIN Labs closed $72M Series A round; Helium raised $20M; Kamcord nabbed $10M funding
- azeti Networks AG, a provider of remote asset management software serving the IoT market, closed a $4 million dollar round of funding led by Wim Elfrink, a IoT leader who recently held the position of Executive Vice President, Emerging Solutions and Chief Globalization Officer at Cisco Systems. To date azeti has raised more than $21 million dollars in private equity funding, propelling the business forward as the de-facto standard for 'IoT Intelligence at the Edge' embedded on market-leading IoT gateways.
- Kamcord, a startup originally focused on streaming mobile gameplay, now lets Android owners broadcast whatever's on their phone screen with one click. Along with the new update, Kamcord secured a $10 million Series C funding led by Time Warner. The funding round also had participation from its previous lead investor, Tencent, as well as Translink Capital, XG Ventures and Wargaming.
- An Australian startup Unlockd landed a $15 million (AUD) ($11.6 million USD) funding round to bring ads to users’ smartphones in exchange for discounts and financial perks related to their mobile phone bills. Today’s funding round, which includes PLC Ventures, Peter Gammell, Sam Mostyn, Radek Sali (CEO, Swisse Wellness), and Greg Roebuck (CEO/founder of carsales.com.au), will be used to help Unlockd take its technology to new markets.
- Helium raised $20 million in a new round of funding for its smart industrial sensor business. The San Francisco company has also created a new sensor, the Helium Green, for the industrial and enterprise applications of the Internet of Things, which makes everyday objects smart and connected. The round was led by GV (formerly Google Ventures), with participation from Khosla Ventures, FirstMark, and Munich RE/Hartford Steam Boiler Ventures. GV general partner Andy Wheeler will also join Helium’s board.
- Augmedix, a startup out of San Francisco that has developed a platform for doctors to collect, update and recall patient and other medical data in real-time, raised $17 million in a strategic round. The investment comes from five of the biggest healthcare providers in the U.S. — Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), TriHealth Inc., and a fifth that is remaining unnamed for now. Together, these groups — which operate hospitals and other facilities, and in other aspects compete against each other for business in the healthcare industry — cover about 100,000 doctors and other healthcare providers and millions of patients. The idea will be for Augmedix to supply these physicians and other staff with their connected eyewear.
- After breaking records with their $25 million seed round back in October 2014, SIRIN Labs closed $72 million Series A round in new funding to help bring their “Rolls Royce” of cell phones to market. The new deluge of capital comes from Chinese social networking platform Renren, joining seed round funders Hogeg’s Singulariteam and Rakishev to put together this massive round. Combined with their seed, the young company’s coffers nearly reach the $100 million mark.
VC's Raising Funds
- Ares Management, L.P., an alternative asset manager, closed its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V, L.P. (“ACOF V” or the “Fund”). Fundraising began in the third quarter of 2015 with an initial target of $6.5 billion. The Fund held its final closing on $7.85 billion of total commitments, which includes $250 million of GP commitments principally from employees and $7.6 billion of third-party commitments. Approximately 80% of the Fund’s limited partner commitments came from existing investors in one or more of the Ares Private Equity Group’s four prior ACOF funds.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to firstname.lastname@example.org.
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Read more from our "Daily Funding Roundup" series
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