Category: angel investors

Blackpoint Cyber an Ellicott City, MD-based, Developer of cybersecurity solutions and platforms designed to offer patented lateral spread detection and network visualization. The company’s platform provides cyber defense, fortification, intrusion detection, spam treatment, information security technology, and system recovery services, enabling customers to reduce the product stack and detain cyber threats early in a breach before they can spread.

Blackpoint Cyber was funded $190 million and was led by Bain Capital Tech Opportunities, with participation from Accel and existing investors, including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, WP Global Partners, and other strategic angel investors.

Blackpoint Cyber’s MDR platform, SNAP-Defense, has gained significant recognition in the cybersecurity industry for its unique ability to identify and mitigate threats in real time, providing organizations with comprehensive visibility into their networks and endpoints. The company’s technology goes beyond traditional security measures by utilizing artificial intelligence and machine learning algorithms to detect and respond to threats with unrivaled speed and accuracy.

With the newly secured funding, Blackpoint Cyber plans to ramp up its research and development efforts to enhance the capabilities of its MDR platform further. The company aims to strengthen its threat intelligence capabilities, improve its automation and orchestration features, and expand its global data center infrastructure to serve its growing customer base better.

Additionally, Blackpoint Cyber intends to use a portion of the investment to fuel its expansion into new markets and geographies. The company has experienced significant growth in recent years, serving clients across various industries, including finance, healthcare, manufacturing, and government sectors. With this funding, Blackpoint Cyber plans to establish a more substantial presence in key international markets, providing advanced cybersecurity solutions to organizations worldwide.

Jon Murchison, CEO and co-founder of Blackpoint Cyber, expressed his gratitude for the support and confidence shown by the investors. He stated that this funding round represents a significant milestone for Blackpoint Cyber. They are thrilled to have the backing of such esteemed investors who share their vision of delivering cutting-edge cybersecurity solutions. With their support, they will continue to innovate and expand, helping businesses stay one step ahead of evolving cyber threats.

As cyber threats continue to grow in sophistication and frequency, Blackpoint Cyber’s latest funding round positions the company at the forefront of the battle against cybercrime. With its robust security technology and ambitious expansion plans, Blackpoint Cyber is well-positioned to significantly impact the cybersecurity industry and empower organizations to defend against emerging threats.

By: K. Tagura

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8Flow.ai, is a San Francisco, CA-based startup developer of an enterprise-grade self-learning workflow automation platform intended for analyzing and automating customer support workflows. The company’s platform offers a solution to learn what an individual agent does as they resolve tickets, perform task mining, and generate automation for repetitive tasks across ticketing systems, business applications, spreadsheets, customer order databases, and CRM platforms, enabling clients to automate business functions such as finance for invoice processing, sales and operations with inventory management.

8Flow.ai was funded $6.6 million in a recent funding round and led by Caffeinated Capital, with participation from BoxGroup, Liquid2, HNVR, and Trilogy, as well as prominent angel investors. The investment will further enhance and expand the company’s platform, which specializes in automating customer support workflows.

8Flow.ai’s advanced platform employs artificial intelligence (AI) and natural language processing (NLP) to automate and streamline customer support workflows, enabling businesses to provide faster, more efficient, and personalized customer service experiences. In addition, the platform integrates seamlessly with existing customer relationship management (CRM) systems, helpdesk software, and other tools, making it easy for businesses to adopt and integrate into their operations.

8Flow.ai’s technology frees up customer support teams to focus on more complex and high-value interactions by automating repetitive tasks such as ticket routing, basic issue resolution, and customer inquiries. In addition, the AI-powered system learns from each interaction, improving its accuracy and efficiency. This results in improved response times, enhanced customer satisfaction, and reduced business operational costs.

The funding will allow 8Flow.ai to accelerate its product development efforts and expand its AI and NLP experts team. In addition, the company plans to invest in research and development to enhance its automation capabilities and develop new features that address evolving customer needs.

The growing demand for efficient and scalable customer support solutions, coupled with the proven success of 8Flow.ai’s platform, positions the company for significant growth in the coming years. With its innovative approach to automating customer support workflows, 8Flow.ai is poised to disrupt the industry and drive the evolution of customer service in the digital age.

As businesses increasingly prioritize delivering exceptional customer experiences, investments in automation technologies like 8Flow.ai are expected to become even more prevalent. The funding received by 8Flow.ai underscores the confidence in the company’s ability to revolutionize customer support and reinforces its position as a leader in the market.

By: K. Tagura

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Sort is a blockchain technology startup provider focused on revolutionizing user interface (UI) development for blockchain applications and platforms, simplifying Web3 app development.

Sort was funded $3.5 million in seed funding. The funding round was led by prominent venture capital firms and strategic angel investors eager to support Sort’s vision of enhancing the usability and accessibility of blockchain technology.

Blockchain technology has gained significant traction recently, offering transparency, security, and decentralized solutions across various industries. However, one major hurdle has been the complex and often unintuitive user interfaces associated with blockchain applications. Sort aims to bridge this gap by developing powerful tools tailored for blockchain UI development.

With its fresh funding, Sort plans to accelerate the development of innovative software solutions that simplify the design and implementation of user-friendly interfaces for blockchain platforms. By doing so, the company aims to empower developers and businesses to create intuitive, engaging, and highly functional applications that can attract a broader user base.

Sort’s co-founder and CEO, Jason Zucchetto, expressed her excitement about the seed funding and the company’s mission. They believe improving the user experience is crucial for blockchain technology’s full potential. It enables them to build powerful tools that simplify UI development and enhance the usability of applications, ultimately making this technology more accessible to a broader audience.

The funding will primarily be used to expand Sort’s engineering and product teams, allowing the company to accelerate the development of its flagship UI development platform. The platform aims to provide a comprehensive suite of tools, templates, and libraries that streamline designing and implementing user interfaces.

Sort’s innovative approach has attracted the attention of blockchain developers and industry experts. By providing powerful tools for UI development, the company aims to foster innovation and drive widespread adoption of blockchain technology across diverse sectors, such as finance, supply chain management, and healthcare.

As Sort continues to advance its product development and expand its market presence, the company is poised to play a pivotal role in shaping the future of blockchain technology by making it more user-friendly and accessible to a broader range of users.

By: K. Tagura

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Restaurant365 is an Irvine, CA-based developer of restaurant enterprise management software designed specifically for restaurants food service. The company’s all-in-one software offers cloud-based accounting, inventory, scheduling, payroll, and HR services, helping simplify the day-to-day management of operators and allowing users to control food costs and optimize labor.

Restaurant365 was funded $135 million, co-led by KKR and L Catterton, with participation from current strategic angel investors, including ICONIQ Growth and Bessemer Venture Partners. The investment will further enhance and expand its innovative software platform, catering to the specific essentials of restaurants, bars, and other food service establishments regarding their accounting, store operations, and workforce.

Restaurant365’s software platform offers comprehensive features designed to address the unique challenges the food service industry faces. It provides tools for managing inventory, tracking sales and expenses, optimizing labor costs, handling payroll, and facilitating financial reporting. In addition, the platform integrates these functionalities into a centralized system, empowering restaurant owners and managers with real-time data and insights to make informed decisions and drive operational efficiency.

The additional funding will enable Restaurant365 to accelerate product development, focusing on further enhancing its software’s capabilities and user experience. In addition, the company plans to invest in advanced analytics, artificial intelligence, and machine learning technologies to provide users with even more valuable insights and predictive capabilities. This will enable restaurant operators to identify trends, anticipate customer demands, and optimize operations for improved customer satisfaction and profitability.

Tony Smith, CEO of Restaurant365, said the investment validates our vision and the value we bring to the food service industry. They will be able to invest heavily in innovation and expand our reach to help more restaurants unlock their full potential. Their mission is to empower food service establishments with technology that simplifies their operations, boosts profitability, and enables them to focus on what they do best to serve their customers.

With its fortified financial position, Restaurant365 is well-positioned to revolutionize the industry by providing cutting-edge software solutions that maximize efficiency, productivity, and profitability for food service businesses around the globe.

By: K. Tagura

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Cloverly, an Atlanta, GA-based. Developer of a sustainability-as-a-service platform intended to connect the voluntary carbon markets to businesses, consumers, and organizations using real-time calculations powered by API. The company’s platform calculates the carbon impact of specific enterprises and consumer activities like e-commerce shipments, rideshare, and on-demand deliveries. Then it purchases carbon offsets to make those activities carbon-neutral, enabling buyers to view in real-time the source of the balance and, through its algorithm, matches customers with the closest source of carbon avoidance or sequestration for localized impact.

Cloverly was funded $19 million led by Grotech Ventures, with participation from Aquiline Technology Growth, Impact Engine, Mission One Capital, New Climate Ventures, and CreativeCo Capital, and existing strategic angel investors of Tech Square Ventures, SoftBank Opportunity Fund, Circadian Ventures, Knoll Ventures, SaaS Ventures, and Panoramic Ventures.

The company intends to use the funds to develop further its digital infrastructure for the voluntary carbon markets, including the new supplier platform, a team tripling, and launching a second headquarters in London.

Cloverly’s platform enables businesses and individuals to offset the carbon footprint of their online transactions, from e-commerce purchases to travel bookings. The company’s proprietary technology calculates the carbon emissions associated with each transaction and provides customers various options for offsetting them, from renewable energy projects to reforestation initiatives.

CEO Ason Rubottom said they are thrilled to have the support of such a strong group of investors as they continue to build out their platform and expand their reach. Their goal is to make it easy and affordable for businesses and individuals to act on climate change, and this funding will help them to achieve that goal.

The carbon offsetting industry has seen rapid growth in recent years, driven by increasing awareness of the urgent need to address climate change. According to a recent World Bank report, the global carbon offset market is expected to reach $50 billion by 2030.

With its innovative technology platform and strong customer base, Cloverly is well-positioned to capitalize on this trend and become a leading player in the carbon offsetting market.

By: K. Tagura

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Bloomfilter, a Cleveland, OH-based developer of an enterprise software planning application intended to give tech leaders visibility of their software development projects to improve the process and outcomes. The company’s application provides software leaders confidence and peace of mind by integrating into their existing toolsets, enabling users to leverage an organization’s existing data to make advanced analytics and AI to drive real-time activities and attain project success.

Bloomfilter was funded $7 million led by Magarac Venture Partners with participation from Sequoia, HPA, North Coast Ventures, Techstars, and other strategic angel investors.

With the new funding, Bloomfilter plans to continue its mission of providing innovative data management solutions to businesses across industries. As the company grows, it aims to become a leading player in the field, helping organizations of all sizes and types harness their data power.

Bloomfilter’s software utilizes advanced algorithms and machine learning to help businesses efficiently manage and analyze their data. By streamlining the data retrieval and analysis process, Bloomfilter aims to help organizations make more informed decisions and improve their overall performance.

The company was founded by a team of experienced software engineers and data scientists who recognized the need for a more practical approach to data management. With the new funding, Bloomfilter plans to accelerate its development roadmap, expand its team, and enhance its product offering.

Andrew Wolfe and Erik Severinghaus Co-CEOs of Bloomfilter, said they’re thrilled to have the support of Magarac Venture Partners and other investors as they continue to grow and scale their business. Their goal is to help organizations unlock the full potential of their data, and this funding will enable them to bring their technology to even more companies worldwide.

The demand for effective data management solutions has increased in recent years, with many organizations needing help to make sense of the vast amounts of data they collect. Bloomfilter’s technology offers a streamlined solution to help businesses save time and resources while making better decisions.

By: K. Tagura

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SuperDuperSecret Co., a San Francisco, CA-based, Operator of a meta-game platform, planned to make a chess battle games. Instead, the company offers ten players encounter in a blazingly fast-paced showdown, making their activities synchronous matches against the other nine players individually, enabling users with a multiplayer game.

SuperDuperSecret Co was funded by $1 million investors, including 13 Digital Asset Funds, Merit Circle, Polygon Ventures, Solana Foundation, LD Capital, Overwolf, Big Brain Holdings, and angel investors. The company’s launch title, Royale Chess—a 10-player, battle royale chess game—honors the first of many games across their underlying meta-game platform, concentrating on multiplayer, evergreen games.

According to SuperDuperSecret Co., the new mode will allow players to compete against each other in epic battle royale-style gameplay, but with the added twist of classic games such as chess, checkers, and tic-tac-toe. The company believes this new mode will revolutionize how people think about classic games and make them more engaging for a modern audience.

“We’re thrilled to have raised over $1 million in funding for our latest project,” said the CEO of SuperDuperSecret Co. “We believe that adding a battle royale mode to classic games will breathe new life into them and make them more appealing to younger generations who are used to fast-paced, competitive gameplay.”

The company has yet to announce a release date for the new game. Still, it has stated that it is currently in development and will be available on multiple platforms, including mobile, PC, and consoles.

The success of SuperDuperSecret Co.’s crowdfunding campaign is a testament to the growing demand for innovative gameplay experiences. With this new project, the company hopes to tap into the trend of battle royale-style games and bring a new twist to classic games that have been played for centuries.

By: K. Tagura

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Ditto, a San Francisco, CA-based, is a developer of a software development kit and application designed to help data sync with or without connectivity. The company’s software development kit directly communicates with other devices without the need for a server and automatically manages the complexity of using multiple networks means of transport, like Bluetooth and wifi, to discover and connect to different devices and then synchronize any changes, enabling developers to build applications that sync with each other with and even without internet connectivity.

Ditto was funded $45 million led by Acrew Capital, with participation from U.S. Innovative Technology Fund and existing angel investors, True Ventures and Amity Ventures. The company intends to use the funds to accelerate the development of its revolutionary data sync technology, which allows users to sync their data offline.

Ditto’s data sync technology is a breakthrough that solves the problem of syncing data in areas with poor or no internet connectivity. The technology allows users to sync data offline and automatically update it when an internet connection becomes available. Particularly useful for people who work in remote areas or travel frequently.

The new funding also will be used to develop the technology further and expand Ditto’s operations. The company plans to hire more engineers and data scientists to accelerate its technology development. Ditto also plans to expand its operations globally to reach more users.

It comes at a time when data privacy and security concerns are at an all-time high. Ditto’s technology uses end-to-end encryption to protect user data, which is becoming increasingly important to users. The company’s commitment to privacy and security has helped it gain a loyal user following.

The future looks bright for Ditto as it continues to innovate and develop its technology. With the support of its investors, the company is poised to become a leader in the data sync space and revolutionize how people sync their data offline.

By: K. Tagura

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SpecterOps is a Seattle, WA-based cybersecurity solution and assistance provider specializing in profound knowledge of enemy tradecraft to support clients in detecting and defending against sophisticated attackers. SpecterOps was funded $25 million led by Decibel with participation from Kevin Mandia, Jon Oberheide, Dug Song, and other strategic angel investors.

With the new funding, SpecterOps plans to continue building its team and further develop its technology to remain ahead of the ever-evolving cybersecurity landscape. The platform encountered quick customer adoption in 2022, with significant product income growth and new customer purchase growing by more than 600%. Today, BloodHound Enterprise is operated worldwide by companies like Capital Group, the University of Texas at Austin, and Woodside Energy.

According to the company, the funding will accelerate SpecterOps’ growth and expand its capabilities, including its proprietary software platform, RITA (Real Intelligence Threat Analytics), enabling organizations to detect and respond to advanced threats faster and more effectively.

CEO at SpecterOps David McGuire said they are thrilled to partner with Decibel and their existing investors as they continue to grow and expand our capabilities. This investment will allow them to develop their technology further and provide even greater value to our customers, helping them stay ahead solution of the evolving threat landscape.

SpecterOps has quickly gained recognition for its innovative approach to cybersecurity, and they have also been called a leader in the Gartner Magic Quadrant for Managed Security Services worldwide.

Decibel Founder and Partner Jon Sakoda said SpecterOps is uniquely positioned to help organizations defend against the most advanced threats. They are excited to support their continued growth and success. The team’s deep expertise in cybersecurity, combined with their innovative technology, sets them apart in a rapidly evolving market.

By: K. Tagura

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Who we are:  Funded.com is a platform that is A+ BBB rated over 10+ years. Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

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Native AI is a New York- and Cincinnati, OH-based startup specializing in artificial intelligence development—developer of cloud-based business-to-business customer service software designed to democratize data to enable market transparency.

Native AI was funded $3.5 million, guided by Ivy Ventures and JumpStart Ventures, with participation from other strategic angel investors, 11 Tribes Ventures, and Connetic Ventures. The company aspires to help brands make digital clones of their customers, utilizing generative artificial intelligence to answer questions and provide insights.

Native AI technology is designed to help businesses automate their customer service operations. The company’s software uses natural language processing and machine learning algorithms to understand customer inquiries and provide accurate and helpful responses. This can help companies reduce response times and improve customer satisfaction.

Frank Pica, the CEO of Native AI, commented that they are thrilled to have the support of investors as they continue to build out our technology and grow our business. Their goal is to help companies provide better customer service while reducing costs, and this funding will help them achieve that.

Several large businesses, including a major airline and a telecommunications company, already use native AI technology. The company plans to expand into other industries and markets in the coming months.

The seed funding round comes when many businesses seek ways to improve their customer service operations. With the rise of digital communication channels like chatbots and social media, there is a growing need for businesses to be able to respond quickly and accurately to customer inquiries. Native AI’s technology solves this problem, and the company is well-positioned to take advantage of this growing market.

By: K. Tagura

Author statement:

Who we are:  Funded.com is a platform that is A+ BBB rated over 10+ years. Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

You can review our featured partners to help your success with your business or project.