PhotoRoom, a Paris, France-based photo editing software that removes background automatically and creates studio-quality images in seconds, announced that it raised $19 million in Series A funding, bringing its total raised to $21 million. The round was led by Balderton Capital, with participation from Angels from Facebook, Hugging Face, and …
Decentro, a Bengaluru, India-based fintech-as-a-service startup that helps companies enter the fintech market by deploying its APIs, raised $4.7 million in Series A funding. The round was led by Rapyd Ventures, the venture arm of the U.K. fintech-as-a-service giant, along with participation from Leonis VC and Uncorrelated Ventures. Indian angel …
Smartex, a Portugal-based startup that develops hardware-enabled, AI-driven software to detect textile defects in real-time, has raised $24.7 million in Series A funding. The investment came from H&M Group, DCVC, SOSV’s HAX, Spider Capital, Momenta Ventures, Bombyx Growth Fund, Faber, and Fashion for Good. With the investment, Smartex will expand …
SparkPlug, a San Francisco, CA-based incentive management and wage supplementation platform for frontline workers, announced that it raised $8 million in Series A funding, bringing the company's total investment raised to $11.5 million. The round was led by Lightbank, with participation from Industry Ventures as well as existing investors TenOneTen …
Gitpod, a Kiel, Germany-based open-source developer platform automating the provisioning of ready-to-code developer environments, announced that it raised $25 million in Series A funding. The round was led by Tom Preston-Werner (Founder of GitHub), with all existing investors, including General Catalyst. Additional notable investors include Pebblebed, MongoDB Ventures, GTMfund, Tobi …
modl.ai, a Copenhagen, Denmark-based company that seeks to remove the shackles of game development with a transformative AI engine, announced that it closed Series A funding of €8.5 million in funding. The round was led by investor Griffin Gaming Partners and M12 - Microsoft’s Venture Fund, with participation from Rendered.vc, …
Galileo, a San Francisco, CA-based ML data intelligence company for unstructured data, launched the Galileo Community Edition, a free version of its platform that enables data scientists working on natural language processing (NLP) to build high-performing ML models quickly with better-quality training data. Galileo announced that it raised $18 million …
