INTELLI™ Weekly Insights
Monday, November 7, 2022 | Volume 1 Series 24 | Weekend Updates
🕔☕ Happy Monday, everyone! Let’s start off the week right with some updates from the weekend, brought to you by the team at INTELLI™.
👨💻 Top 10 tech startups globally in 2022
Technology Magazine takes a look at 10 of the top tech startups globally.
10: QuEra Computing- a neutral-atoms-based quantum computing startup, located in Boston.
9: Confluera- a leading provider of next-generation Cloud eXtended Detection and Response (CxDR) solutions.
8: Serve Robotics- a company that designs, develops and operates zero-emission robots that serve people in public spaces, starting with food delivery.
7: Hiya- connects businesses with their customers, protects people from spam and fraud calls, and helps carriers secure their networks for all.
6: StreamYard- a live streaming studio that can be used in a browser, with no need to download an app.
5: Halborn- builds security products and provides end-to-end cybersecurity advisory services for the top Web3 organisations in the world.
4: DeepL Translator- a company that strives to overcome language barriers through AI.
3: Moonpay- set out to create a secure software solution that would enable people from all over the world to participate in a digital revolution.
2: Observe.ai- provides natural language tools to track voice and text conversations.
1: Landing AI- provides deployment-ready AI solutions and enterprise-wide transformation programmes for customers worldwide.
Click here to read more about these companies.
💻 Mozilla Rolls Out $35M Venture Funds (Full Story Here)
Firefox developer Mozilla has unveiled a new $35 million venture capital fund, Mozilla Ventures, that will initially focus on early-stage stary up internet companies that protect privacy, decentralize digital power and build more trustworthy AI.
Secure AI Labs, a patient data security startup; Hey Login, a password management solution; and Block Party, a social media safety app are some of the companies included in Mozilla Ventures portfolio.
📉 VR/AR Funding Continues to Fall
Funding to companies in the VR, augmented reality and virtual worlds categories has been dropping quarter over quarter since their peak in late 2021, primarily because venture investors appear to be growing increasingly sensitive regarding risks involving investing in said category.
Crunchbase data shows that investment was lower in 2019 and 2020 before rebounding in 2021. Now, this year, we’re down again. Since hitting over $2.1 billion in the fourth quarter of 2021, metaverse-related funding has fallen to around $760 million in the most recent full quarter. The third quarter was also lower than Q1 and Q2 of 2022.
The up-and-down nature of funding indicates that the concept of immersive digital technologies that draw us deeper into virtual worlds remains a compelling one. But investors are apparently only willing to lose so much in pursuit of that vision.
💰 INTELLI™ Featured Venture Deals
Emalex Biosciences, a Chicago-based drug development company for Tourette Syndrome, raised $250 million in Series D funding led by Bain Capital Life Sciences.
Apiiro, a Boston, New York, and Tel Aviv-based cloud-native application security company, raised $100 million in Series B funding led by General Catalyst.
Lusaris Therapeutics, a remote-based biotech company treating neuropsychiatric and neurological conditions, raised $60 million in Series A funding led by RA Capital Management.
Zest AI, a Los Angeles-based credit underwriting software company, raised $50.5 million in funding led by Insight Partners and CMFG Ventures.
Xeal, a New York-based electric vehicle charging company, raised $40 million in Series B funding led by Keyframe Capital.
ORO, a San Francisco-based enterprise software platform for end-to-end procurement across teams, raised $25 million in Series A funding led by Norwest Venture Partners and B Capital.
Orum, an Austin-based live conversation platform, raised $22 million in Series B funding led by Tribe Capital.
Aro Homes, a San Francisco-based carbon-negative homebuilding startup, raised $21 million in funding with investments from Innovation Endeavors, Western Technology Investment, and Stanford University.
Runwise, a New York-based building control company, raised $19 million in Series A funding led by Fifth Wall.
Boston Materials, a Billerica, Mass.-based high-performance materials company, raised $12 million in Series A2 funding led by Good Growth Capital.
Revuze, a Netanya, Israel-based consumer insights provider for brands, raised $12 million in funding led by PSG.
Intus Care, a Providence, R.I.-based predictive analytics platform developer for geriatric care, raised $11 million in funding led by Deerfield Management.
Playgig, a Los Angeles-based gaming studio, raised $10.85 million in seed funding led by March Gaming.
constellr, a Freiburg, Germany-based space data and services company, raised $10 million in seed funding led by Lakestar and VSquared.
FLX Networks, a Bernardsville, N.J.-based engagement platform for asset and wealth management firms and financial advisors, raised $10 million in funding led by Barings.
SparkPlug, a San Francisco-based incentive management and wage supplementation platform for frontline workers, raised $8 million in Series A funding led by Lightbank.
Courtyard, a San Francisco-based NFT platform for physical goods, raised $7 million in seed funding led by New Enterprise Associates.
Guaranteed, a New York-based hospice care startup, raised $6.5 million in seed funding led by BrandProject.
VIEVE, a Strathaven, U.K.-based makeup brand, raised £5.5 million ($6.15 million) in Series A funding with investments from Pembroke VCT, Venrex, Samos, and Active Partners.
Groove, a New York-based digital co-working platform, raised $3.5 million in funding led by Resolute Ventures’ Mike Hirshland.
AtlasJobs, a Manhattan Beach, Calif.-based talent engagement and management platform, raised $2.5 million in seed funding led by PACA Ventures.
Grip, a Miami-based shipping logistics company, raised $2 million in pre-seed funding with investments from Soma Capital, Western Technology Investment.
Tune in next time for more updates brought to you by PreIPO INTELLI™