Tech funding tops $100 million this week, major partnership announcements from IBM, VMware and more
Funding
1. Hyperscience Bags $60M in Series B
New York-based data automation startup HyperscienceOpens a new window has raised $60 Million in its series B funding round. The funding was led by Bessemer Venture Partners. Investors like Tiger Global Management and existing backers Stripes, FirstMark Capital, Battery Ventures, Felicis Ventures, 3KVC, Gaingels, and Penna & Co. participated in the funding.
The new funding will be used towards expansion and growth.
2. OTTO Motors Raise $29M for Mobile Robots’ Globalization
ClearPath Robotics’ division, OTTO motorsOpens a new window , raised $29 million in series C funding round. OTTO Motors is the manufacturer of mobile robots for handling materials in manufacturing plants and warehouses. Kensington Private Equity Fund led the investment along with participation from BMO Capital Partners, Export Development Canada (EDC), and previous investors iNovia Capital and RRE Ventures.
The investment will help OTTO motors thicken its delivery partner’s network along with enhancing its technology for creating safer and more productive workplaces.
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3. Dawn Capital and Accel Invest $16M in No-code Knowledge Platform Bryter
Enterprise software venture capital firms, Dawn Capital and Accel have invested $16 million in BryterOpens a new window , a no-code platform that automates expert knowledge and enables professionals to build, manage, and sell interactive applications without programming skills. This was Bryter’s series A funding round after its seed fundingOpens a new window in November 2019.
The fresh capital will help the company expand internationally, enhance the adoption of its platform and grow the customer base.
4. Cutover Receives $17 Million in Series A With Barclays as a Key Investor
Work orchestration and technology workflow observability specialist CutoverOpens a new window raised $17 million in Series A funding round, with Barclays as a key investor in this round. The funding will fuel the company’s business expansion aimed at empowering users to address various issues related to migrating to a hybrid cloud model, wider digital transformation, automating and evolving operational resilience practices, and managing ongoing tech change without failures.
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Partnerships
5. IBM and Persistent Partner to Modernize Enterprises
IT giant IBMOpens a new window and software vendor Persistent systems announced their collaboration for accelerating the deployment of IBM Cloud Pak deployments. The partnership will also modernize the client’s enterprises and enable easy movement to the cloud.
Post collaboration, persistent will leverage the IBM Cloud Pak deployment practice that will aid enterprises to migrate and modernize IBM workloads across all cloud environments, including IBM public cloud and IBM Cloud services.
6. BellSoft evolves OpenJDK with BellSoft
BellSoftOpens a new window , an OpenJDK contributor and VMware Opens a new window an innovator of enterprise software have entered a partnership whereby BellSoft will deliver its main product Liberica JDK and full- service support for VMware Tanzu. The collaboration of BellSoft, OpenJDK contributor, and VMware will enhance the OpenJDK community to take Java run-time to the next level of usability and performance, maintaining its exceptional reliability.
The alliance will enhance the Java platform for users, and VMware users will be able to use Liberica JDK to run, build, and manage their most critical applications with additional assurance in run-time quality and security.
7. Mavenir to Deliver OpenRAN with General Datatech
Cloud-native network software provider MavenirOpens a new window has entered a partnership with the General Datatech (GDT) provider of enterprise networking infrastructure and data center solutions. The collaboration will deliver OpenRAN solutions in the United States.
Mavenir’s experience in OpenRAN technology solutions and GDT’s expertise in architecting and deploying networks for the industry’s largest telecommunications and internet service providers together will provide end-to-end solutions and services to customers.
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8. Sapiens Deploy AI for claim transformation with CLARA Analytics
Software solutions provider SapiensOpens a new window has partnered with CLARA analytics, a provider of easy-to-use artificial intelligence (AI)-based products. The news follows CLARA Analytics’ recent $25 Million in fundingOpens a new window . Together, the companies aim to improve the claim lifecycle and also reduce the costs associated with it.
The collaboration will pair CLARA’s analytics tool for workers’ compensation claims with Sapiens CoreSuite for Workers’ Compensation, improving the process and delivering in-depth analysis for risk mitigation.
9. H2O.ai and Snowflake to accelerate enterprises with AI
H2O.aiOpens a new window and Snowflake have signed a partnership whereby H2O Driverless AI integration, a leading automatic machine learning (AutoML) platform, will now be available on Snowflake’s cloud data platform. This will benefit Snowflake users with easy building and deployment of ML models.
The Driverless AI automates workflows and deploys them in a shorter time span.
10. Privitar and BigID Joins Hands For Insight Delivery
PrivitarOpens a new window and BigID have partnered to deliver an integrated and automated solution for gaining better insights from sensitive data. The collaboration of Privitar’s privacy engineering platform and policies with BigID’s data discovery and classification capabilities empower the analytics teams to use precise datasets for their programs and completely eradicate manual steps in the process.
The partnership between Privitar and BigID will benefit the organizations in their journey of transformation in analytics, machine learning, AI, or Data Lake by leveraging their most sensitive data whether it is in the cloud, on-prem, or hybrid.
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