City Capital backs ProSteel

By Iris Dorbian — 2 mins ago

Provo, Utah-based ProSteel Security, a maker of safety and security products, has raised an undisclosed amount of funding. The investors included City Capital Ventures and Promus Equity Partners LLC.

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Indi Molecular bags $11.5 mln

By Iris Dorbian — 5 mins ago

Indi Molecular, an emerging life sciences company, has raised $11.5 million in financing. The investors included M Ventures, Legend Capital, Sabey Corporation and Asset Management Ventures. In addition to the funding, Dr. Andreas Jurgeit from Merck Ventures and Dr. Darren Cai from Legend Capital will join Indi Molecular’s board.

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Canvas, Meritech co-lead $50 mln funding in Kinetica

By Alastair Goldfisher — 3 hours ago

San Francisco-based Kinetica, provider of a GPU-accelerated relational database, announced it has raised $50 million in a Series A round of funding. The funding was co-led by Canvas Ventures and Meritech Capital Partners, with participation from new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures. As part of the funding, Gary Little, a partner at Canvas, and Paul Madera, a partner at Meritech, have joined the company board.

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Transport company Cabin raises $3 mln in seed funding

By Alastair Goldfisher — 12 hours ago

San Francisco-based Cabin, a provider of hospitality transportation, announced it has raised $3 million in seed funding. FF Angel, a seed-stage fund operated by Founders Fund, led the round, which included SV Angel, Floodgate, Box Group, Brainchild Holdings, Justin Rosenstein, StartX, FJ Labs and 1517 Fund. Cabin is launching its moving hotel service, initially, between San Francisco and Los Angeles for $115 each way.

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On-demand manufacturing marketplace Xometry attracts $15 mln

By Iris Dorbian — 20 hours ago

Xometry, an on-demand manufacturing marketplace, has raised $15 million in funding. BMW i Ventures led the round with participation from other investors that included GE Ventures and Highland Capital Partners. In addition to the funding, Zach Barasz, a partner at BMW i Ventures, is joining Xometry’s board of directors.

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JVP leads $20 mln round for Highcon

By Iris Dorbian — 22 hours ago

Israeli post-print startup Highcon has raised $20 million in funding. Jerusalem Venture Partners led the round with participation from return backers Landa Ventures, LR Group, OurCrowd and Go Capital.

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Georgian Partners leads $35 mln Series C financing of Glooko

By Kirk Falconer — 23 hours ago

Glooko, a U.S. diabetes data management platform, has secured $35 million in Series C financing. The round was led by Canadian growth equity firm Georgian Partners and joined by new and existing investors, including Canaan Partners, Medtronic and Social Capital. Founded in 2010, Glooko is a developer of remote patient monitoring technology.

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Swedish crowdfunding platform Trine lands funding

By Iris Dorbian — 1 day ago

Sweden-based Trine, a crowdfunding platform for solar energy projects, has secured 6 million euros in Series A funding. Gullspång Invest led the round with participation from other investors that included Andrew Reicher, chairman of Berkeley Energy Africa and Lars Thunell, former CEO of the International Finance Corporation.

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Canvas leads $22 mln funding of cloud infrastructure provider Platform9

By Alastair Goldfisher — 1 day ago

Sunnyvale, California-based Platform9, a provider of hybrid cloud management, announced it has raised $22 million in Series C funding. Canvas Ventures led the round, which included Hewlett Packard Enterprise and existing investors Redpoint Ventures and Menlo Ventures. As part of the round, Canvas Partner Gary Little has joined the board. Platform9 has now raised $36.5 million in total funding since it was founded in 2013 by a team of former VMware engineers.

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