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. 

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! 

Seed

8Flow.ai 

CEO & Co-Founder – Boaz Hecht

8Flow is an artificial intelligence startup building a self-learning enterprise-level workflow automation engine for customer support. The system will be able to integrate with other tools like Salesforce, and Zendesk. 

Palo Alto-based 8Flow came out of stealth building and announced a $6.6 Million seed round led by Caffeinated Capital with participation from other investors. News funds will be used to continue product development and growth. 

8Flow wants to train its engine to assist or do the work current customer support agents do. However, they say there is no limit to its verticals so an incursion into other tasks is not ruled out. 

Memcyco

CEO & Co-Founder – Israel Mazin

CTO & Co-Founder – Eli Mashiah

Memcyco is a startup providing companies with advanced tools to protect them against website impersonation. Solutions include provisioning clients with a digital watermark and real-time detection of attacks. 

Israel-based Memcyco raised a $10 Million seed round led by Capri Ventures and Venture Guides. The company is placed in a great niche for growth and will use new funds to continue developing its technology and getting it out to markets. 

Memcyco is providing solutions that not only protect companies from impersonation but also safeguard visitors from scams. Fake websites cost consumers up to $2.2 Billion a year, a danger that could be prevented with the use of a tool like Memcyco. 

Series A

Predibase

CEO & Co-Founder – Piero Molino

CTO & Co-Founder – Travis Addair

Predibase is a low-cost Machine Learning platform that helps developers and companies automate code to build faster. The ML tools work with different languages and even analyse data to give recommendations to developers. 

San Francisco-based Predibase announced last week a $12.2 Million Series A expansion, to its funding a $16.25 Million round from last year, led by Felicis. New funds will be used to develop and build out the platform plus expand market functions. 

Predibase is facing an increasingly competitive market with AI and ML solutions for developers popping up quickly. The company is expecting its focus on developers first will make them stand out amongst the other names.  

Atly

CEO & Co-Founder – Uriel Maslansky

CTO & Co-Founder – Aviad Coppenhagen

Atly, formerly Steps, is a location-based mapping platform that wants to help users discover real-world stops, shops, restaurants and more. Atly is the latest in a long line of location-centred social platforms that never seems to fully take off. For example, Swarm, Zenly or the most popular Foursquare. 

Tel Aviv-based Atly was founded in 2019 and hopes to break the dry spell for the niche. The company has gained some traction in its recent beta period. Atly just added an $18 Million Series A round to further its development and market opportunities. 

Atly works similarly to Reddit with users creating their own communities and sharing locations based on those interests. Not only that community creators will soon be able to capitalize on those maps with subscription-based communities. Let’s see if Atly becomes the one to beat the location-based social barriers. 

Series C 

Lightmatter

CEO & Co-Founder – Nicholas Harris

Lightmatter is a photonic computing innovator, developer and manufacturer creating computers for the quickly developing AI market. The company says its hardware-software combo will help boost industry capabilities while saving electricity. 

Massachusetts-based Lightmatter just closed a significant $145 Million Series C from SIP Global, Fidelity Management & Research Company, Viking Global Investors, GV (Google Ventures), HPE Pathfinder and existing investors. 

Lightmatter’s tech uses optical flow to tackle computational processes like the ones at the centre of AI work. Making it a highlight option for a developing industry that growing like wildfire.