Funding & Deal Highlights:
VMware to acquire Kubernetes security startup Octarine and fold it into Carbon Black. VMware is another tech giant that has been on an acquisition spree recently. In January, it closed the acquisition of Pivotal for $2.9B. Both VMware and Pivotal announced a bold technology strategy involving containers, Kubernetes, and cloud-native application development. Today, VMware announced that it intends to buy early-stage Kubernetes security startup Octarine and fold it into Carbon Black, a security company it bought last year for $2.1B. The company did not reveal the price of today’s acquisition.
Private cannabis software company GrowFlow raises $8.4M. COVID-19 has impacted nearly every industry, although cannabis businesses have largely remained open after being classified as essential services, and many are working at full capacity given increased demand. GrowFlow offers compliance, inventory management, point of sale, analytics, and sales software to cannabis and hemp businesses.
Stellar Health nabs $10M in a Series A round. The round was led by Point72 Ventures, a VC firm that backs early-stage startups that are catalyzing the future of their industries. Existing investors also participated in the round, including Primary Venture Partners. Stellar Health rewards providers for the quality of care they give to their patients and emphasizes keeping patients healthy, ultimately lowering the overall cost of care by compensating providers based on outcomes, rather than the quantity of care.
Intello Labs raises $5.9M for its AI-Based food grading.
Pillar Biosciences raises $29.7M in Series C financing.
Expel lands $50M Series D as security operations increase in importance.
FortressIQ snags $30M Series B to streamline processes with AI-fueled data.
Precision Therapeutic company Quralis scores $42M Series A.
Newspring invests in Spiro Health.
Stellar IT Solutions acquires IT provider StanSource, Inc., and launches an in-house technology incubator.
Eberhart Capital acquires The Equipment Source, LLC.
Nomis Solutions secures funding from Symphony Technology Group in the form of a majority equity stake.