Augury Raises $55 Million Series D Funding to Sustain Rapid Growth, Announces New Global Partnerships and Capabilities

New Funding Round Led by Israeli-based Qumra Capital Marks Significant Increase in Valuation for IIoT Leader

Augury, a leading AI-based Machine Health solution provider, today announced it has secured $55 million in funding. The additional capital will be used to sustain and accelerate Augury’s rapid growth and to capitalize on the opportunity to help leading industrial companies improve the reliability, resilience and efficiency of their manufacturing operations. This Series D round was led by Qumra Capital, a leading late-stage venture capital firm based out of Israel. It includes participation from existing key investors, including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures. With this round Augury has raised $106 million since its initial funding six years ago.

The company also announced new partnerships and capabilities to help its global customers gain the benefit of prescriptive diagnostics and machine insights, no matter where in

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BlackSwan Technologies Launches World’s First AI Operating System, Raises $28 Million in Funding to Pioneer Next Generation of Enterprise Software

Groundbreaking AI Software Highlighted by Gartner As “Bringing AI Closer to Human Learning and Intelligence”  

Company’s Stealth Mode Successes Include Tens of Millions in Revenue, Long-Term Contracts & Partnerships with the World’s Largest Consultancies & Fortune 500 Clients

BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated tens of millions of dollars in revenue through multi-year contracts with many leading businesses. The company has also established a groundbreaking partnership with Deloitte to provide leading global banks an AI-powered platform that is already proven to increase revenue and drive efficiencies.

BlackSwan Technologies was recently recognized in Gartner’s 2020 Hype Cycle for Emerging Technologies report as a pioneer in “bringing AI

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Sweetheart Kitchen Raises US$17.7 Million In Series C Funding Round To Launch New Brands And Kitchen Units Across MENA


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Cloud kitchen operator Sweetheart Kitchen has successfully secured €15 million (US$17.7 million) in a Series C funding round backed by strategic investors, led by the company’s founder and CEO Peter Schatzberg.

As a delivery-only multi-brand virtual kitchen, Schatzberg notes that the Dubai-based company is keen to invest their funding into supply chain technology, food design and hiring talent, as they had previously done, and which they plan to continue to do so. “Scaling units is certainly one important objective for us, but we are also investing in streamlining our processes and systems to achieve profitability.”

As a company that is only 15 months old, it’s noteworthy to point out its impressive milestones. The startup (which, according to a Wamda report, is backed by Germany’s Delivery

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India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday.

The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC and Sequoia India, the six-year-old Indian startup said. The new round valued the startup at “a little more than $1 billion,” co-founder and chief executive Harshil Mathur told TechCrunch in an interview.

Existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also participated in the round, which brings Razorpay’s total to-date raise to $206.5 million.

Razorpay accepts, processes, and disburses money online for small businesses and enterprises. In recent years, the startup has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among

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With $300 Million In New Funding, Zymergen Aims To Sustainably Transform The $3 Trillion Chemical And Materials Industry

By making better, greener alternatives to petrochemistry, Zymergen sees a huge economic and environmental opportunity

As the smoke from a dozen wildfires darkened San Francisco, Josh Hoffman took his two children outside to see the surreal morning sky. It looked like a dystopian scene from Blade Runner 2049.

“My kids were scared because the sun never rose, and when it did it looked like a dying planet,” says the CEO of Zymergen, a biomanufacturing company. In the apocalyptic skies, Hoffman saw the end of times that so many warn about if we don’t get a handle on climate

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Agri-tech Startup Ergos Raises INR 38.5 Cr In Series A Funding From Chiratae Ventures

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore

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Agritech startup Ergos has raised INR 38.5 crore in Series A funding round from Chiratae Ventures and Aavishkaar Capital.

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore.

The equity round is expected to reach INR 80 crore with another institutional investor set to pump more capital in the startup, as per the company’s official statement.

Ergos has been working on a unique farm-gate based technology driver Grainbank model for the small and marginal farmers in India.

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Minority tech startups in the US have seen almost no progress in VC funding

Black and Latinx tech startup founders have made almost no progress in securing venture capital (VC) funding over the past seven years in the US, a Crunchbase study released today found. During that period, startups helmed by Black and Latinx founders received just 2.4% of VC investments; so far this year, that figure is slightly higher at 2.6%.

Reasons cited for the persistent low percentage derive from the greater poverty among those groups relative to the White population. Black and Latinx would-be founders have much less access to their own seed capital and to resources from family and community members to launch their firms, yet such “bootstrapping” is considered an essential first step before investors will join in. And they often lack the professional or college networks that can be crucial to connecting with initial “angel” investors or to the venture capital community that typically funds later rounds.

That reality

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Aliro Surges Ahead As The Leader In Quantum Network Technologies With New Products, Research, and Funding

“The quantum internet will enable transformative applications with wide-ranging societal impacts, including physics-based secure communications, ultra-precise long-baseline astronomy, and advances in medical imaging,” said Aliro Quantum CTO Prineha Narang, PhD. “But to build these networks, telecom and government organizations have an immediate need for accurate simulation and emulation tools. Aliro is proud to unveil pioneering research and simulation products, significant milestones on our mission to make quantum technologies accessible with a write-once-run-anywhere cloud platform.”

Aliro will introduce two new quantum simulation products with superior usability and accuracy to help quantum R&D departments significantly reduce the time and budget associated with distributed quantum computing development:

  • Aliro™ Q.Compute (AQC) is a hardware-independent quantum computing development environment with an intuitive UX, access to a variety of quantum computing backends, and a robust set of optimization schemes. AQC’s noise-expert compiler makes the necessary transformations to quantum circuits, freeing quantum R&D teams of constraint considerations
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Why the CEO of a $1 billion startup chose debt capital over VC funding

  • In February, Quantum Metric CEO Mario Ciabarra was fielding calls from investors at a rapid clip and getting unsolicited term sheet offers that valued the company at $1 billion. 
  • The term sheets offers slowed once the coronavirus hit but his company kept booming, growing annual recurring revenue at 70%, he told Business Insider.
  • By June, VCs were calling again, but the valuations were lower, even though revenue-under-contract had grown, said Ciabarra. 
  • So he decided not to take on a new round of funding yet. Instead, he opted for a $25 million loan from Silicon Valley Bank until he could secure a venture funding round at the terms he wants.
  • Visit Business Insider’s homepage for more stories.

In February, Quantum Metric CEO Mario Ciabarra was fielding calls left-and-right from venture capitalists eager to pour funding into the company.

“We weren’t actually trying to raise any specific amount of money,” he told

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RIT, URMC Receive NIH Funding to Study AI-Enabled Toilet Seat Technology for Heart Failure

Toilet seats with high tech sensors might be the non-invasive technology of the future that could help reduce hospital return rates of individuals with heart disease.

Heart failure is one of the leading causes of adults admitted to hospitals and more than six million adults in the United States have heart disease, according to the American Heart Association. Re-hospitalizations occur in some instances within 30 days to 6-months of initial treatment. Having a way to intercept these rehospitalizations might afford patients improved care and decrease costs.

A joint project by researchers at Rochester Institute of Technology and the University of Rochester Medical Center (URMC), will determine if in-home monitoring can successfully monitor vital signs and reduce risk and costly re-hospitalization rates for people with heart failure. The five-year, $2.9 million venture, is funded by the National Institutes of Health (NIH).

Close up of FIT Seat technology embedded in a common toilet seat

Photo by: A. Sue Weisler, RIT University Communications

A close

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