DeepL: The company closed on $100 million of an undisclosed targeted amount of venture funding in a deal led by IVP on November 16, 2022, putting the company’s pre-money valuation at $900 million. Bessemer Venture Partners and Atomico also participated in the round. The company is a developer of a translation platform intended to offer artificial intelligence systems for different languages and communication.
Contentstack: The company raised $80 million of Series C venture funding in a deal led by Insight Partners and Georgian on November 15, 2022. Illuminate Ventures also participated in the round. The company is a developer of a cloud-based content management system designed to power omnichannel content, digital experiences, and personalized customer journeys.
Descript: The company raised $50 million of Series C venture funding in a deal led by OpenAI Startup Fund on November 15, 2022, putting the company’s pre-money valuation at $525 million. Andreessen Horowitz, Spark Capital, Redpoint eventures, and Daniel Gross also participated in the round. The company is a developer of a collaborative audio/video editor designed to transcribe audio to a text document for editing.
Spot AI: The company raised $40 million of Series B venture funding in a deal led by Scale Venture Partners on November 17, 2022. Redpoint Ventures, Bessemer Venture Partners, MVP Ventures, Hypergrowth Ventures and StepStone Group also participated in the round. The company is a manufacturer of a network video recording system intended to offer a simple and fast way to move video surveillance into the cloud.
CleverTap: The company raised $35 million of venture funding from undisclosed investors on November 15, 2022. The company is a developer of AI-powered marketing engagement and analytics software designed to create powerful mobile engagement strategies.
Parallel Domain: The company raised $30 million of Series B venture funding in a deal led by March Capital on November 16, 2022. Costanoa Ventures, Ubiquity Ventures, Foundry Group, and Calibrate Ventures also participated in the round. The company is a developer of a 3D environment generation software designed to facilitate autonomous vehicle simulation.
MadKudu: The company raised $17.2 million through a combination of Series A2 and Series A3 venture funding in a deal led by Felicis Ventures on November 15, 2022, putting the company’s pre-money valuation at $60 million. HarbourVest Partners, Alven Capital Partners, Benhamou Global Ventures and 8 other investors also participated in the round. The company is a developer of a marketing operations platform designed to operationalize data science to make informed decisions.
Methodical Games: The company raised $15 million of venture funding in a deal led by Lightspeed Venture Partners on November 16, 2022. BITKRAFT Ventures, 1Up Ventures, Transcend Fund, Jason West and other undisclosed investors also participated in the round. The company is a developer of a gaming studio.
Rayze: The company raised an estimated $14 million of Series A venture funding from Financial Finesse Ventures and other undisclosed investors on November 14, 2022, putting the company’s pre-money valuation at $56 million. The company is a developer of a social media platform designed to connect volunteers, philanthropists, and non-profit organizations.
Quix Analytics: The company raised GBP 11 million of Series A venture funding in a deal led by MMC Ventures on November 14, 2022, putting the company’s pre-money valuation at GBP 30.4 million. Project A, Passion Capital and Ardour Capital Investments also participated in the round. The company is a developer of a cloud-based data analytics platform designed to help teams build data-driven products.
Arcturus: The company raised $11 million of Series A venture funding in a deal led by CloudTree Advisors on November 16, 2022. Autodesk, Epic Games, Susquehanna Private Equity Investments, LLLP and QBN Capital also participated in the round. The company is a developer of video editing software.
New Wave Entertainment: The company raised $10.5 million of venture funding from undisclosed investors on November 17, 2022. The company is an operator of a media company intended to produce content in post-production and finishing services.
Tenovos: The company raised $10 million of Series B venture funding in a deal led by Bertelsmann Investments and S4S Ventures on November 20, 2022. The company is a developer of an active story management platform designed to help brands connect with customers.
Nexus: The company raised $9.1 million of venture funding from undisclosed investors on November 15, 2022. The company is a developer of an online video games marketplace designed to sell online games.
DeGirum: The company raised $7.3 million of venture funding in the form of convertible debt from undisclosed investors on November 18, 2022. The company is a developer of an AI solutions company developing hardware & software infrastructure intended to accelerate the adoption of AI at the edge.
Audion: The company raised EUR 6 million of Series A venture funding from Financière Arbevel, Founders Future and Elevation Capital on November 15, 2022, putting the company’s pre-money valuation at EUR 14 million. The company is a developer of a proprietary platform intended to automate, customize and measure digital audio advertising.
Recess: The company is reportedly in the process of raising $5 million of venture funding from Spring Mountain Capital and Data Point Capital on November 14, 2022. The company is a developer of experiential marketing software designed to connect brands with live events and targeted sponsorship opportunities.
BreakAway: The company raised an undisclosed amount of venture funding from NFL Players Association on November 18, 2022. The company is a developer of an athlete data platform designed to help understand the athletic ability and create a personalized development plan.
