Every week we highlight new funding successes from companies bringing about change in their industries.  We amplify the voice of companies delivering on tech innovation whilst also utilizing remote work, or being clear on the importance of D&I to their brand. All ingredients that talent.ai focus on when selecting the best of the last 7 days, another week with a heavy focus on AI funding. 

We see these journeys as an inspiration, offering insights to other founders, startups and innovators looking to evolve their stories into something extraordinary.  We know the hard work behind these accomplishments and always seek to recognise and applaud those involved from leadership and founders and their entire teams. 

Congratulations to all the founders and teams! 

Series A

Union AI 

CEO & Co-Founder – Ketan Umare

CTO & Co-Founder – Haytham Abuelfutuh

Union AI is an AI startup that helps companies build and manage their AI and data workflows using a cloud automation platform. At the company’s core is the open-course tool Flyte, which helps build automation workflows specialising in data, analytics stacks and ML.

Seattle-based Union AI just closed a Series A round led by NEA and Nava Ventures for $19.1 Million. The company also announced that its service Union Cloud will be available for a general audience. Another show of the diversity available on AI funding and growth.

Union AI’s also built two other products. Pandera, a framework for data testing, and Union ML which works with Flyte to help teams build models with their existing tools. News funds will be used to boost growth and develop the company’s service offering. 

Satellite Vu 

CEO & Co-Founder – Anthony Baker 

CTO & Co-Founder – Tobias Reinicke

Satellite Vu is a thermal imaging startup that wants to build “the world thermometer” using a satellite powerful enough to monitor thermal emissions around the globe. Leading the charge in high-definition thermal data capturing tech. Its terman imaging will help companies approach emission and net-zero policies. 

London-based Satellite Vu raised a significant second Series A round last week, securing a $15.8 Million funding round led by  Molten Ventures with participation from other previous investors. New funds will push Satellite Vu’s entry into commercial operations and growth goals. 

Satellite Vu’s first launch is scheduled for early June via SpaceX. The first thermal monitoring satellite, manufactured in partnership with Surrey Satellite Technology Ltd. Climate tech reaches new horizons every day and an out-of-world approach could be determining factor. 

Figure AI

CEO & Co-Founder – Bret Adcock 

Figure AI is a developer and innovator in humanoid robotics using AI to support a shrinking labour force. With the prediction of an incoming significant labour force gap that would leave many warehouses without any new hires by 2024 robotics is positioning itself to meet that need. 

Sunnyvale-based Figure AI funding of $70 Million Series A raise led by Parkway Venture Capital and with participation from five other investors. An important and significant backing for the startup, which previous seed round was a $100 Million self-investment from the Figure’s CEO Bret Adcock.

Figure AI funding has been lucky to raise two big starting rounds. However, robot manufacturing is expensive and time-consuming with no known timeline for the company’s first model available yet. New funds will be used to continue rapid development and growth. Figure AI has made a point to go after top talent from other big companies like Boston Dynamics or Apple. A lot of expectations for a first model that everyone is waiting to be impressed with! 

FlowX.ai 

CEO & Co-Founder – Ioan Iacob

CTO & Co-Founder – Serban Chiricescu

FlowX.ai is a AI startup powering digital transformation and app integration for big legacy financial institutions. The company is helping its clients compete with so-called neobanks by accelerating the launch of new services.

 

The company which has its HQ in New York and its engineering team in Romania, looks to break the technology limitation of traditional financial names. It closed a Series A round of $35 Million last week. New funds will accelerate growth and market expansion. 

FlowX.ai is not alone in its field fight with other competitors for its share of the market. What makes the company stand out is its use of artificial intelligence to tackle the issue and bring solutions. Since we are living in the year of AI this could signal an important turn for FlowX.ai!

Series B

Sastrify

CEO & Co-Founder – Sven Lackinger

CTO & Co-Founder – Maximilian Messing 

Sastrify is a SaaS management and overspending solution for companies. Aiming to make software buying and subscription management easier for clients and users. It is estimated that most companies overspend around %30 of SaaS costs, and spend more than 400 hours a year in SaaS management. 

Cologne-based Sastrify’s just signed a Series B funding round of $30 Million led by Endeit Capital with participation from additional new and existing investors. The company’s market is ever expanding as companies adopt flexible work at lightning speed and SaaS offering continues to grow. 

Sastrify will use its new funds to scale its teams globally with a special focus on US operations and Europe, as well as, product development and customer support for enterprise clients. The company has enjoyed an accelerated growth rate with this round coming just a few months after its seed funding and with a great outlook for the future!