New funding: Woodinville, Wash.-based Quantivate, which sells software for risk management and compliance, raised an undisclosed amount of money.

Company background: Quantivate sells software to companies in regulated industries such as banking and offers a suite of products that include risk management, regulatory compliance and auditing.

The startup was founded in 2005 by CEO Andy Vanderhoff, who previously helped companies prepare for disaster scenarios at Washington Mutual.

The global enterprise governance, risk and compliance (GRC) market is expected to grow around 13 percent annually to $64.62 billion by 2025, according to Grand View Research.

CEO Perspective: “We founded Quantivate to help financial institutions automate risk management and compliance functions which historically have been siloed and manual,” Quantivate CEO Andy Vanderhoff said in a statement. | To read full story, visit https://startuparound.com/read/1574289005.159389/Seattle-area-startup-Quantivate-raises-cash-for-risk-and-compliance-platform?ref=audio_experience

Gravitational, an Oakland, CA-based company enabling businesses to securely deliver their applications into any environment, closed a $25m funding round.

The company intends to use the funds to accelerate further product development and scale business operations.

Founded in 2015 by Ev Kontsevoy, CEO, Gravitational builds open-core infrastructure software solutions that enable enterprises to run, access, and distribute their cloud-native applications in restricted environments where compliance matters.

The company offers open source software solutions, including Teleport, a multi-cloud privileged access management solution, and Gravity, a Kubernetes packaging solution for deploying cloud-native apps across environments.

Customers such as Anaconda, Gladly, Mulesoft, NASDAQ, Samsung, Splunk, and Ticketmaster use Gravitational products to run applications securely and everywhere. | To read full story, visit https://startuparound.com/read/1574287232.6786423/Gravitational-Raises-$25M-in-Series-A-Funding?ref=audio_experience

Cheq, a NYC-based cybersecurity company focused on advertising, closed a $16m Series B funding.

Backers included Battery Ventures and MizMaa Ventures.

The company, which has raised $22m to date, intends to use the funds to continue advancing its tech capabilities.

Led by Founder and CEO Guy Tytynovich, Cheq provides an automated tool to protect advertisers from negative content association and digital ad fraud and to restore confidence in the space.

The company utilizes NLP and machine learning to prevent brands, in real-time, from serving ads to brand-damaging content and fake bot traffic. | To read full story, visit https://startuparound.com/read/1574285411.2214549/Cheq-Raises-$16M-in-Series-B-Funding?ref=audio_experience

Google Cloud today announced the launch of a new bare metal service, dubbed the Bare Metal Solution.

We aren’t talking about bare metal servers offered directly by Google Cloud here, though.

Instead, we’re talking about a solution that enterprises can use to run their specialized workloads on certified hardware that’s co-located in the Google Cloud data centers and directly connect them to Google Cloud’s suite of other services.

Bare Metal Solution is, as the name implies, a fully integrated and fully managed solution for setting up this kind of infrastructure.

With Bare Metal Solution, you can bring your specialized workloads to Google Cloud, allowing you access and integration with GCP services with minimal latency.”Since this service is co-located with Google Cloud, there are no separate ingress and egress charges for data that moves between Bare Metal Solution and Google Cloud in the same region. | To read full story, visit https://startuparound.com/read/1574283622.4861865/Google-Cloud-launches-Bare-Metal-Solution-–-TechCrunch?ref=audio_experience

Give InKind, a Seattle, WA-based social platform for coordinating community support, closed a $1.5m in pre-seed funding.

Backers included Trilogy Equity Partners, Madrona Venture Group, SeaChange Fund, Keeler Investments, FAM Fund, Grubstakes, Alliance of Angels, X Factor Ventures and Seattle-based influential angel investors.

The company intends to use the funds to continue to grow its platform and reach, and develop strategic offerings for healthcare, churches, and other organizations.

The platform launched in beta September 2016, and released its full version in January 2019.

The company participated in the Ready, Set, Raise accelerator from the Female Founders Alliance, culminating in an investor demo-day in mid-October. | To read full story, visit https://startuparound.com/read/1574281809.9334052/Give-InKind-Secures-$1.5M-in-Pre-Seed-Funding?ref=audio_experience

Tweet AUSTIN, TX, Innovator in autonomous perception systems, today announced it has raised $10 million in additional seed funding.

To export Pensa Systems funding data to PDF and Excel, clickClick here for more funding data on Pensa SystemsTo export Pensa Systems funding data to PDF and Excel, click here Pensa Systems, a leading innovator in autonomous perception systems, today announced it has raised $10 million in additional seed funding to accelerate deployment of its breakthrough solution for retail inventory visibility.

McCann and Ritter join a Pensa advisory board that already includes several top authorities in retail inventory, robotics technology, and AI/machine learning.

About ATX Venture PartnersATX Venture Partners is the premier Seed - Series A venture fund in the South Central US.

Based in Austin, Texas, the firm leads early-stage financing rounds, rallies talent, and assists exceptional founders in building epic businesses. | To read full story, visit https://startuparound.com/read/1574280007.521372/Pensa-Raises-$10M-Additional-Seed-Financing?ref=audio_experience

CoverWallet, the digital insurance platform for small and medium-sized businesses, has been acquired by Aon, the global professional services firm providing a broad range of risk, retirement and health solutions.

“We started CoverWallet to reinvent commercial insurance.

By building our customer-centric platform and leveraging advanced data science, beautiful design, and state-of-the-art technology, we have been able to simplify insurance,” said Inaki Berenguer, CEO and Cofounder of CoverWallet.

“Aon’s shared vision means we can continue pushing the boundaries of innovation into new markets and new products at a greater scale.”We started CoverWallet to reinvent commercial insurance.

Aon’s shared vision means we can continue pushing the boundaries of innovation into new markets and new products at a greater scale. | To read full story, visit https://startuparound.com/read/1574278206.4345343/CoverWallet-Acquired-by-Aon?ref=audio_experience

Svami, a Mumbai-based FMCG startup that sells non-alcoholic aerated beverages, has raised Rs 7.5 crore (about $1 million) in its Pre-Series A funding round led by Rukam Capital Trust and Niren Shah, Managing Director of Norwest Venture Partners India.

Archana Jahagirdar, Managing Partner, Rukam Capital Trust, said, “The founders’ zeal and the product impressed us the most.

With increased demand, bar menus now feature global and home-grown liquor brands that need premium mixers to go with them.

Sahil Jatana, Co-founder and CEO, Svami, said,“We started Svami to create premium aerated beverages that did not exist in the country.

In 2018, Svami had raised an angel round led by Singapore-based VC fund - RB Investments. | To read full story, visit https://startuparound.com/read/1574276406.0201733/[Funding-alert]-FMCG-startup-Svami-raises-$1M-in-Pre-Series-A-round-led-by-Rukam-Capital-Trust?ref=audio_experience

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