Tech Funding, Partnership, Merger & Acquisition News: Week of June 15, 2020


Latest funding and partnerships from Onna, Streamlit, Postman, RapidSOS, and many others.


Onna Raises $27M for Knowledge Integration Platform

OnnaOpens a new window , the knowledge integration platform, has raised $27 million in series B funding led by Atomico with participation from Glynn Capital, along with previous investors Dawn Capital, Nauta Capital, and Slack Fund. The capital will fuel Ona’s engineering, product, and partnerships teams to further develop its ecosystem of integrations and applications.

Kelly Griswold, Chief Strategy Officer at Onna, while speaking exclusively to Toolbox said, “As the proliferation of bespoke workplace apps intensifies, having an effective tool for accessing, understanding and processing that data is essential. This round of funding puts Onna in the position to drive meaningful change, connecting the app ecosystem by investing in our Knowledge Integration Platform and growing our partner relationships to tackle interoperability challenges and improve workflows.”

Streamlit Bags $21M in Series A

StreamlitOpens a new window , an open-source framework that turns Python scripts into interactive apps has raised $21 million in Series A funding led by GGV Capital and Gradient Ventures. Bloomberg Beta, Elad Gil, Daniel Gross, and a few others participated in the funding. The funding will enable the company to enhance Streamlit capabilities to make it “not only the most productive (and fun!) app-building experience in Python but also the most powerful”.

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Postman Raises $150M to deliver better API

API Startup PostmanOpens a new window announced a Series C funding of $150 million from Insight Partners, CRV, and Nexus Venture Partners. The Series C funding will enable the company to accelerate product development and roll out long-awaited features based on industry needs.

RapidSOS reaches $120M Total Funding after Series C

RapidSOSOpens a new window , an emergency response technology company has raised $21 million in a Series C funding round led by Transformation Capital along with C5 Capital and Laerdal Million. So far the company has raised around $120 millionOpens a new window in funding. With this funding, RapidSOS will establish connections with public safety agencies globally and will provide health, connected building, wearable, telematics, and other critical data to first responders to empower faster and smarter emergency response through its emergency response data platform.

Domino Data Lab Receives $43M for New ML Model Monitoring Product

Enterprise data science management platform provider Domino Data LabOpens a new window has raised $43 million and has debuted the new Domino Model Monitor product (“DMM”). Domino Model Monitoring (DMM) enables organizations to automate alerts for drift in all their models, independent of the location of their development or deployment. This reduces the risk of financial loss and degraded customer experience from undetected model drift.

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Sentropy Develops AI Tools From Newly Raised $13M

SentropyOpens a new window , a startup developing platform-agnostic AI powered tools to detect online abuse announced an investment of $13 million through a VC led funding round.

Partnership, Merger, and Acquisition

IBM Joins Hands With Wipro to Foster Innovation

Tech giants Wipro and IBM recently announced a partnershipOpens a new window to deliver a seamless and secure hybrid cloud journey to Wipro’s clients. The collaboration will enable Wipro to develop hybrid cloud offerings that will help businesses to migrate, manage, and transform mission-critical workloads and applications while maintaining security across public or private cloud and on-premises IT environments.

NTT Data and Microsoft Propose New Digital Solutions in Partnership

The global IT services provider NTT DATA has collaboratedOpens a new window with Microsoft to accelerate enterprise customer’s digital transformation with Microsoft Azure. This would enhance business and increase workplace productivity. The alliance will combine NTT DATA’s global IT services with Microsoft’s trusted cloud platform, AI technologies, and a suite of productivity tools.

Cisco, Optus, La Trobe, and Curtin Collaborate to Accelerate Innovation

Technology giant Cisco has collaborated with telecommunications company Optus along with La Trobe and Curtin universities to enhance innovation, digital resilience, and transformation. Together these four entities will be establishing the National Industry Innovation Network (NIIN)Opens a new window which is a new model for industries and universities to come together and address real-world industry challenges and long-term national interests.

Unit4 and Raven Intel to Deliver Transparency in Software Implementation

Enterprise software provider Unit4 has entered into a partnershipOpens a new window with Raven Intel for service delivery benchmarking and data analysis on customer satisfaction and implementation. The collaboration will target customer success through reports and data analysis based on Enterprise Resource Planning (ERP) project customer reviews covering key performance indicators such as on-time and on-budget delivery of services.

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