Augment

Spot-On, Lightrun, Uptycs, Rewatch, Open AI, Commerce Layer, Parametrix, Salt Security, Pintu and Data-Dome raise funds | Lithium Urban Technologies acquires SmartCommute


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Spot-On, raises $125M in Series D. The round triples the company’s valuation to $1.875 billion, compared to its $625 million valuation, at the time of its Series C raise, last September. It also marks San Francisco-based Spot-On’s third funding event since March 2020, and brings the startup’s total funding to $328 million, since its 2017 inception.

Lightrun, a start-up that helps developers debug their live production code, raises $23 million in Series A round, led by Insight Partners. The company doubled its employee count, over the course of the last year. It will continue to use the new funding, to expand its developer community, and hire across functions. The company also plans to expand its U.S. presence.

 Uptycs, a Boston-area start-up that uses data to help understand, and prevent security attacks, raises $50 million in Series C today. Norwest Venture Partners led the round.

 Rewatch raises $20M to index, transcribe, and store enterprise video content. This latest round is a Series A, and is being led by Andreessen Horowitz. Rewatch has built a system that plugs into Zoom, and Google Meet, two of the most-used video tools in the workplace, and automatically imports all of your office’s, or team’s video chats into a system.

 Open AI is launching a $100 million start-up fund, which it calls, the Open AI Start-up Fund, through which it, and its partners will invest in early-stage AI companies, tackling major problems. They will be looking for companies that are taking on serious issues, like healthcare, climate change, and education, where AI-powered applications or approaches, could benefit all of humanity.

Italy’s Commerce Layer, raises $16M, led by Coatue, for its headless commerce platform. The firm provides a set of APIs for businesses to build e-commerce apps, with their own customized front ends. The funding money will be used to continue expanding its business, and adding more commerce tools into its API library.

Parametrix Insurance raises $17.5 million, to offer cloud downtime insurance. First Mark Capital, and F2 Venture Capital led this round.  The firm offers insurance policies for companies, that rely on third-party cloud providers, e-commerce services, payment gateways, and CRM systems.

Salt Security lands $70M, for tech to protect APIs, from malicious abuse. The funding is being led by Advent International. The firm is building a network of services, to help companies using, and producing APIs to identify and eradicate risks.

Indonesian crypto exchange, Pintu, gets $6M Series A, led by Pantera, Intudo, and Coinbase Ventures.  According to Pintu’s internal estimates, last year Indonesia processed $10 billion USD, in crypto-assets transactions, mostly through retail investors. Pintu’s new funding will be used on marketing, hiring, and product development.

Software-as-a-service bot protection start-up Data-Dome, announced a raise of $35 million, in new funding, to allow it to scale up its global sales, marketing, delivery, and research and development teams. The Series B round was led by Elephant, and included ISAI.

Bengaluru-based electric mobility start-up, Lithium Urban Technologies, buys out employment transportation software platform, Smart Commute, for an unknown sum. With the acquisition, Lithium would be able to provide a full range of transportation solutions, across all vehicle categories including, the conventional internal combustion engine vehicles.

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AugmentBy PeopleAtom