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
Orchestrated Risk Management Provider ZeroNorth Secures $10M in Series A+ Funding
Boston-based ZeroNorth announced today $10 million Series A+ funding. The round was led by Crosslink Capital, with existing investors ClearSky, Rally Ventures, and Petriollo Capital participating.
The company launched in April 2019 with an initial $10 million, and by orchestrating many vulnerability scanning tools, ZeroNorth centralizes security within application security, development, and security operations.
CEO John Worrall said that the funding will enable companies to improve development and security, saying, “Software security has never been more important, but it’s never been this challenging either. Development and security teams are pushed apart by the need for speed, but it doesn’t have to be this way. Security teams can rise to the challenge and speed of DevOps, and orchestration across the development lifecycle is the answer.”
Urban Innovation Platform UrbanLeap Secures $4.2M in Seed Funding
With an interesting play in fusing private sector innovation and civic and governmental needs, San Francisco-based startup UrbanLeap announced seed funding today. The company, which offers a single platform for city officials to evaluate technologies, connect with vendors, and adopt solutions, today announced $4.2 million in seed funding. StageOne Ventures led the round along with participation from existing investor lool Ventures.
One of the company’s early customers is San Mateo’s SMC Labs, a smart region initiative designed to use modern innovation and “smart technologies” to address regional issues.
Jon Walton, SMC Labs CIO said, “We must continuously leverage new technologies to better serve those who live in, work in, and visit San Mateo County. The key is to adopt technologies that enable better, faster sharing of information, and help render our core services more effectively. Being a smart region requires working with smart solutions, and UrbanLeap helps us engage, evaluate, organize, and manage all of the startups and use cases that we currently have in our lab environment — to ultimately ensure we’re choosing the right providers.”
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.
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.”