Dynamic Business brings you the key startup fundraising from this week:
Rich Data Co Secures $9 Million from Acorn Capital
Rich Data Co (RDC), a leader in AI decisioning for business and commercial lenders, has secured $9 million in new funding from Acorn Capital, a firm specializing in emerging companies. This investment will accelerate RDC’s expansion into North America, where there is significant demand for advanced AI solutions.
The funds will also bolster RDC’s position as a top AI decisioning platform provider in the global banking sector, supporting ongoing innovation. Acorn Capital’s investment follows an initial $28 million close in November, led by Westpac and global cloud banking leader nCino (NASDAQ: NCNO), bringing RDC’s total Series B funding to $37 million.
AI Legal Platform Graceview Raises $1.5 Million
Graceview, a legal generative AI startup founded by lawyers and computer scientists, has secured $1.5 million in funding to support its international expansion. The investment round was led by Singapore-based entrepreneur Patrick Linton, with contributions from various tech founders and investors.
Startmate Unveils 11 Startups for Winter Cohort
Accelerator and early-stage investor Startmate has announced the 11 startups selected for its Winter cohort. These startups tackle diverse challenges, including online abuse, firefighting innovation, postpartum support, and revolutionizing tender processes. They also aim to transform fitting rooms, oil extraction, physio-patient journeys, thermal systems, bug-catching software, and global digital health expansion.
Anjuna Seaglass Raises $25 Million in Series B2 Funding
Anjuna Seaglass, a universal confidential computing platform, has raised $25 million in Series B2 funding. The Palo Alto-based company will use the funds to expand its AI-enabling enterprise offerings. The round was led by M Ventures, SineWave Ventures, and AI Capital Partners.
Datch Secures $15 Million in Series A Funding
Datch, specializing in AI technology for frontline manufacturing, energy, and utility sectors, has closed a $15 million Series A funding round. The investment will support the launch of Datch’s new product, Asset Insights, and aid in market expansion within the enterprise sector.
Energy Domain Raises $5 Million in Series A Funding
Energy Domain, an online marketplace for energy transactions, has raised $5 million in Series A funding. The company plans to use the funds to finalize development of its new platform, Energy Domain Data, and explore synergies between this platform and its existing marketplace.
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