San Francisco's data and analytics industry is raking in new investment, with 23 local companies raising money. New funding rounds were recently announced by data and analytics companies Avanoo, Kompyte. Avanoo topped the city's recent funding headlines by announcing a $4.5 million Series A round on April 22. According to its Crunchbase profile, "Avanoo helps employees adopt behaviors, mindsets and stories to improve culture and performance." The six-year-old company also raised a $3.4 million seed round in 2015.
Austin-based big data company Shipwell has secured $35 million in Series B funding, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion was announced Oct. 24 and led by Georgian Partners. According to its Crunchbase profile, "Shipwell is a freight trucking startup that provides business with automated way transport of goods and services. The company believes that all businesses can have best-in-class shipping and transportation networks to ensure the efficient movement of goods and services. It builds intelligent and connected tools and software that allows shippers, brokers, and carriers to communicate in real-time and move freight in a painless and delightful way."
Charlotte-based artificial intelligence company Stratifyd has secured $10 million in debt financing, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion was announced August 6 and led by CIBC Innovation Banking. According to its Crunchbase profile, "Stratifyd is an A.I. powered analytics platform that is built around the customer feedback loop to enable enterprise companies to transform structured and unstructured human textual data -- found in call center platforms, surveys, product reviews, CRM systems and interactive chat sessions and other omnichannel sources -- into immediate actionable insights. This allows the business to take actions off insights from any customer feedback or data set. These insights will lead to increased customer retention, improved products and services and increased revenue."
Austin-based robotics company Diligent Robotics has secured $3 million in seed funding, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion was announced Oct. 1 and led by Ubiquity Ventures. According to its Crunchbase profile, "Diligent Robotics [creates] robot assistants that assist people with chores... Moxi is our hospital robot assistant that helps clinical teams with their routine, non-patient facing tasks so they have more time for patient care." The three-year-old startup has raised two previous funding rounds, including a $2.1 million seed round in 2018. The round brings total funding raised by Austin companies in artificial intelligence over the past month to $35 million.
San Diego-based apps and security company Edge has secured $400,055 in seed funding, according to company database Crunchbase, topping the city's recent funding headlines. The cash infusion was announced on August 19. According to its Crunchbase profile, "Edge is an SDK platform that enables its users to develop security applications for its clients. Its product range includes client-side encryption, data backup, password recovery, blockchain technology, private key authentication, IoT, financial applications, bitcoin and private messaging. Edge (formerly Airbitz) was founded in 2014 and is based in California."