Funding & Deal Highlights:
Deel raises $14M to help businesses hire talent globally. The $14M Series A round was led by Andreessen Horowitz. Investor Anish Acharya will join the board. The startup launched a year ago at Y Combinator’s demo day. The company has over 400 companies and thousands of members in over 110 countries.
NoSQL database maker Couchbase lands $105M funding round backed by Accel. Couchbase is the developer of the popular open-source Couchbase Server database. The platform is designed to store large amounts of structured, semistructured and unstructured records and can perform millions of operations per second on this data. The company's language is an implementation of SQL that allows a company’s existing SQL-savvy engineers to use the database without learning a brand-new query syntax. That clever turn of SQL eliminates the need to retrain staff and thus makes it easier for enterprises to adopt the platform.
CLARA analytics raises $25 million, bringing its total funding to $36.5 million. Insurtech is enjoying a surge in commercial and investor activity recently. CLARA aims to improve claims outcomes in commercial insurance through easy-to-use AI. The round was led by growth equity firm Aspen Capital Group with participation from Series A lead Oak HC/FT and additional investors.
Amplitude raises $50M round led by GIC to meet surging demand. Amplitude pioneered product intelligence, which helps teams understand how customers are using their products. They can track user behavior in real-time, analyze what experiences improve retention, and drive systematic growth for the business.
Warehousing and logistics company Lineage Logistics acquires assets of US-based food service distributor Maines Paper & Food Service. Maines operates as a food service solutions provider to regional chain restaurants, educational and healthcare institutions, convenience stores, and country clubs. It serves more than 2,500 restaurants and counts Burger King, Tim Hortons, and Darden Restaurants as clients.
Hudl, the global leader in sports performance analysis solutions, announces growth investment from Bain Capital Tech Opportunities Fund.
Nautilus Biotechnology raises $76M in Series B funding to be the first to quantify the human proteome.
India’s micro-business finance start-up Lendingkart raises $42.1M in Series D.
Lowden Street Capital announces acquisition of Southern Air Custom Interiors, Inc.
Intel announced Friday that it is acquiring Rivet Networks, the maker of the well-regarded Killer networking products.
Entreda, which specializes in integrated cybersecurity risk and compliance management, is acquired by Smarsh.
Blarney Ventures (BV), a Boston, Massachusetts-based investment holding company with a focus on outsourcing, has reached an agreement to acquire SalesWorks, a London-based sales training and consulting company.