Show Notes
RapidDeploy, which provides computer-aided dispatch technology as a cloud-based service for 911 centers, raises $29 million in Series B round of funding. The firm states that the funding will be used both to grow its business and continue expanding the SaaS tools that it provides to its customers. In the startup’s point of view, the cloud is essential to running emergency response in the most efficient manner.
Gr4vy a cloud-native payments company with a payment orchestration platform that merges a cloud platform with payments infrastructure raises a Series A funding round of $11.1 million, led by Nyca Partners (a VC with a bench of partners who are ex-Visa ), with participation from Activant Capital (a fintech investor), Global Founders Capital and Firestartr, bringing its total funding to $12.2 million. Gr4vy, acts as a conduit between retailers’ shopping carts and payment providers. By offering instances it can give retailers individualized infrastructure in the cloud. The launch of Gr4vy comes at a key time for online retailers as the world moves from part online shopping to almost 100% online because of the pandemic.IBM is acquiring cloud app and network management firm Turbonomic for up to $2B. Turbonomic, provides tools to manage application performance along with Kubernetes and network performance. Financial terms of the deal were not disclosed. Turbonomic was valued at nearly $1 billion in its last funding round in
September 2019. Together Red Hat and IBM have been developing a range of cloud-based tools addressing
telco, edge and enterprise use cases.This latest deal will help extend that further. Last November
IBM acquired another company called Instana to bring application performance management into its stable, and it pointed out today that the Turbonomic deal will complement that and the two technologies’ tools will be integrated together.Wasabi raises $112M Series C on $700M valuation to take on cloud storage hyperscalers. Fidelity Management & Research Company led the round. Wasabi storage starts at $5.99 per terabyte per month, a lot cheaper than Amazon S3, which starts at 0.23 per gigabyte for the first 50 terabytes or $23.00 a terabyte, considerably more than Wasabi’s offering.Firstbase a software-and-hardware solution to get remote workers the tools and support they need raises $13 million in Series A led by Andreessen Horowitz. B Capital Group and Alpaca VC. The company will focus on building more enterprise-friendly software features with its new capital, allowing it to target larger customers.
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