Augment

C2i Raises Series B, IBM Acquires myInvenio


Listen Later


Physical security and smart buildings software, Spintly raises Rs 4.6 crore in an extended seed round of funding led by Silicon Valley-based Riso Capital, along with SucSEED Indovation Fund from Hyderabad, Chicago-based Nikhan Investments and Keiretsu Forum angel network . Spintly provides SaaS-based physical security solutions which enable smartphone-based door access eliminating the need for key cards and elaborate wiring for access control. They will utilise these funds to boost sales, marketing and research activities in order to enhance their position.C2i, a genomics SaaS product to detect traces of cancer, raises $100M Series B. Using C2i’s technology, doctors can order a liquid biopsy, which is essentially a blood draw that looks for DNA. This round of funding will be used to accelerate clinical development and commercialization of the company’s C2-Intelligence Platform. Investors that participated in the round include NFX, Duquesne Family Office, Section 32 (Singapore), iGlobe Partners and Driehaus Capital.IBM is acquiring myInvenio, a business automation software provider that specializes in process mining as part of the hyperautomation trend. Financial terms of the deal were not disclosed. The acquisition aligns with IBM CEO Arvind Krishna’s effort to pivot the business toward multi-cloud software that drives business automation. The efforts span process mining, RPA, document processing, workflow automation and more. Those various software components integrate with IBM Cloud Pak for Business Automation, and run atop Red Hat OpenShift. The OpenShift software allows IBM’s automation packages to run on any public, private cloud or hybrid cloud.

...more
View all episodesView all episodes
Download on the App Store

AugmentBy PeopleAtom