Hot Startups : Latest News And Updates On Daily Roundup
AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Artificial Intelligence, Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We will cover the role of AI Daily Roundup and its application in various industries and daily lives.
Wintermute Raises $20 Million Series B Funding from Lightspeed Venture Partners and Pantera Capital to Scale its OTC, Derivatives and Asian Operations
Wintermute, an algorithmic liquidity provider for digital assets, announced the close of a $20 Million Series B round led by Lightspeed Venture Partners with participation from Pantera Capital. Jeremy Liew, Partner at Lightspeed, will join Wintermute’s Board of Directors. Other investors joining the round include Sino Global Capital, Kenetic Capital, Rockaway Blockchain Fund, Hack VC, DeFi Alliance, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. All existing investors, including Blockchain.com Ventures, also participated.
SOCi, the leading all-in-one marketing platform built for multi-location marketers, announced it has closed a Series D investment round of $80 million, led by JMI Equity, a growth equity firm focused on investing in leading enterprise software companies. Additional participants included existing investor, Ankona Capital, along with personal investments from SOCi’s CEO and co-founder Afif Khoury and Seismic co-founder and CEO (and SOCi board member) Doug Winter. With this funding, SOCi plans to significantly accelerate its growth, with investments in its sales and marketing teams, an aggressive lineup of product innovations, and strategic M&A activity.
TripActions Raises $155 Million in Series E Funding Co-led by Addition, Elad Gil and Andreessen Horowitz
TripActions, the fastest-growing business travel and spend management platform, announced it has raised $155 million in Series E growth funding. TripActions’ Series E round was led by existing investor Andreessen Horowitz; Addition Ventures, founded by Lee Fixel; and investor Elad Gil. Participation came from existing investors Zeev Ventures, Lightspeed Venture Partners, and Greenoaks Capital. The funding, which increases the company’s valuation to $5 billion, will be used to deliver a seamless, all-in-one travel and spend management platform to help get the world back to business
Climate Neutral Data Centre Pact Commits European Cloud and Data Centre Industry To Ambitious Sustainability Action
One year after the adoption of the European Green Deal, leading cloud infrastructure providers and data centre operators have created the Climate Neutral Data Centre Pact. Twenty-five companies and 17 associations have agreed to a Self Regulatory Initiative to make data centres in Europe climate neutral by 2030. Companies joining the Pact represent the most significant industry players in cloud infrastructure and data centres in Europe. This is an historic and unprecedented commitment by an industry to proactively lead the transition to a climate neutral economy.
Litmus, the Intelligent Edge Computing company, announced the release of Litmus Edge 3.0, a modern edge platform to collect and analyze data, build and run applications, and integrate edge data with any cloud or enterprise system. Litmus Edge 3.0 adds more device drivers to bring the industry-leading total to more than 250, with enhanced analytics, improved integration connectors, digital twin support, and expanded device management features.