Funding & Deal Highlights:
Groove raises $12M to automate sales engagement. The pandemic has expanded awareness and accelerated the adoption of AI-assisted client relationship management (CRM) tools. A slew of startups focused in this area was able to raise funding recently. This deal came on the heels of Knock a day earlier and Frame.ai and Attentive last month, just to name a few.
Hydrant raises $5.7M Series A to help consumers hydrate faster. Wellness is another sector that has seen solid growth recently, as the virus has put health and wellness front and center in many consumers' lives.
Speaking of wellness, Vital proteins says that it has seen a doubling of revenue year over year.
Dtex, a specialist in insider threat cybersecurity, raises $17.5M. Brought on by Zoom's meteoric rise and fall and rise again on this matter, more and more cybersecurity companies will gain traction in sales and also become acquisition targets.
AlefEdge secures Series B financing of $40M.
Blood test for cancer detection company Grail rakes in $390M in latest round
Stilt, which provides financial services for immigrants, raises $7.5M seed round.
PTC Therapeutics to acquire Censa for $10M in cash, $41M in stock.
Latitude 27 Capital acquires JK Findings.
Right Networks acquires Rootworks.
Unity Technologies acquires Finger Food Advanced Technology Group.
Project Management Advisors, Inc. acquires American Realty Property Management.
Pricefx acquires AI pricing software startup Brennus Analytics.