Faros AI, an AI-native engineering intelligence platform for the complete software development lifecycle, announced that Lobby Capital has led its $20 million Series A funding round, with participation from other existing investors including SignalFire, Operator Collective, and Salesforce Ventures.
Funding
Cybersecurity startup MixMode lands $4M in Funding
Santa Barbara-based MixMode, which provides an AI-based security platform for enterprises announced it had closed its Series A with $4M, led by Entrada Ventures. Keshif Ventures and Blu Venture Investors also participated.
MixMode’s software employs AI to detect behavioral anomalies on the network, eliminating the need for operators to train algorithms. Continuously updated, the software also adapts to changes in user behavior, leading to more accurate and efficient results.
The company will use the funding to expand its platform and to increase global sales and partnerships.
Corevist Scores $2.8M in Series A Funding from NC-based Jurassic Capital
Corevist, a provider of eCommerce integrated to SAP ERP today announced $2.8M in Series A funding from Durham-based Jurassic Capital.
Corevist aims to make B2B eCommerce accessible to manufacturers whose businesses run on SAP ERP. Offering prebuilt, configurable SAP ERP integration as part of their cloud-based eCommerce platform, Corevist takes out the largest risk which SAP manufacturers face when launching B2B eCommerce.
The company, which is a four-time Inc. 5000 winner, offers the cloud-based eCommerce solution, Corevist Commerce, which processes over $1 billion in annual transactions on behalf of global manufacturers.
Corevist will use the funding to accelerate Corevist’s growth, which has averaged an impressive 30% per year over 12 years – all without outside funding.
Error Monitoring SaaS Provider Rollbar Closes $11M in Series B Funding
With an aim of delivering an automated error response platform to deploy software, identifying, prioritizing and resolving coding errors, the Series B will assist Rollbar as it manages global growth.
Runa Capital led – and its Dmitry Galperin will gain a board seat – with participation from Long Light Capital and Blossom Street Ventures and existing investors Cota Capital, Bain Capital, and Patagonia Capital.
CEO and Co-Founder Brian Rue shared on the Roller blog, “We understand that the best software companies iterate quickly. And that’s what we help organizations do. We’re planning to use our funds to double the team over the year and hire across all functions, including product, sales, marketing, engineering, and across all our current locations (San Francisco, Budapest, and Barcelona). We’ll continue our focus on product development while improving our customer experience and support.”
Cloud and Data Center Services Provider Lume Lands $4.3M in Funding
In more cloud news, Atlanta-based Lume, announced today a funding round of $4.3 million.
The funding round was led by Colorado-based BaseCamp Capital LLC, a Colorado-based private equity group. In addition to BaseCamp, several individual executives participated in the round, including:
- John Schanz, former EVP and Chief Network Officer at Comcast
- Joe Wetzel, former Earthlink President and COO
- Mark Mendes, former senior executive at Cisco/BroadSoft
- Octavio Morales, founder of TierPoint
Lume plans to use the funding to grow its customer base for its Cloud Anyware and edge data center solutions. Current Lume customers include Resolution Economics, Intuitive IT Solutions, EpiGrid, KOA, and NJUNS Inc.
Basecamp’s portfolio includes real estate, tech, telecom, outdoor industry and others.
Cloud Governance Provider OpsCompass Lands $6.78M in Series A
OpsCompass, with offices in Nebraska, Minnesota, and Illinois, has secured its Series A funding, led by Elsewhere Partners with participation from Dundee Venture Capital, Invest Nebraska, M25, Nelnet, and Nebraska Angels.
The company provides an enterprise SaaS product for operational control, visibility, and security in and across cloud platforms including Microsoft Azure, AWS, Office 365, and Google Cloud.
On the funding, OpsCompass CEO Manny Quevedo said, “We’ve seen significant interest in our product from security services, cloud management providers, and the leading cloud services themselves. Our clients are moving critical workloads into multi-cloud environments and require enterprise-grade solutions reinforced by ongoing R&D and clear product evolution.”
Databook Lands $5M in Seed Funding
Databook, which offers an enterprise customer intelligence platform, announced it has landed $5M in seed funding, led by Threshold Ventures. The company has a goal of changing the enterprise selling game by making every rep as good as the best rep through its AI-powered platform. Once deployed, the platform combines predictive intent data, real-time insights, and time-saving productivity tools to improve selling performance across the enterprise – with a goal of enabling every sales rep to deliver the right pitch for the right audience at the right time.
The company, backed by some powerful investors and advisors, claims its platform can:
- Increases sales productivity at scale. Better yield per rep means higher conversions; more reps hit their quota every quarter, which exponentially increases revenue.
- Improves organizational velocity at scale. More productive reps mean better customer engagement, which typically results in more pipeline and wins per quarter; all of this equals better performance at lower cost across the organization.
- More efficient growth at scale. Better productivity means top-line and bottom-line growth.