Glean, an Enterprise AI leader, has secured over $260 million in a Series E funding round at a valuation of $4.6 billion. The funding aims to support the companys growing demand for its Work AI platform, which is designed to help automate complex workflows and accelerate AI adoption in the workplace. The round was coled…
Definity, a pioneering Data Application Observability & Remediation platform, has announced its general availability for Spark data analytics environments. The platform allows enterprise data engineering teams to observe, fix, and optimize Spark data applications in realtime. The company raised $4.5 million in a Seed funding round led by StageOne Ventures, with participation from Hyde Park…
Franklin Templeton has successfully closed its second enterprise technology growth equity fund managed by Franklin Venture Partners, focusing on mid to latestage venture companies in the enterprise technology space. The fund targets companies wellpositioned for an IPO and has attracted a mix of investors, including institutions, family offices, and high net worth individuals. Franklin Venture…
illumex, the Generative Semantic Fabric platform for structured enterprise data, raised $13M in seed funding. The funding will be used to further develop their platform and expand their reach in empowering organizations to overcome data challenges hindering generative AI initiatives. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from…
NeuReality, a technology leader specializing in re-imagining AI Inference and data center infrastructure, has secured $20 million in new funds from the European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech, OurCrowd, Cardumen Capital, Glory Ventures, and Alumni Venture Group. This funding will support the company in expanding the deployment of its NR1™…
Codezero is a forward-thinking company specializing in secure enterprise microservices development. The funding of $3.5 million will be used to further advance their mission of reimagining multi-cloud, collaborative microservices development. Codezero’s innovative approach prioritizes both security and developer productivity, aiming to empower DevOps teams in a seamless and efficient manner. The funding round was led…
** SigScalr, a unified observability SaaS solution, has announced its emergence from stealth and successful closure of a $1.76M pre-seed round. The funding will be utilized to address the escalating cost inflation in enterprise application observability. Specifically, SigScalr aims to launch its open-source software product, SigLens, a column-oriented database tailored for observability. Additionally, the company…