Join NEXTGEN Group CTO and strategist James Cunial as he dives into the febrile world of Enterprise Tech investment to find out what the smartest investors on the planet are getting excited about.

Follow James: https://www.linkedin.com/in/jamescunial/
Follow NEXTGEN Group: https://www.linkedin.com/company/group-nextgen/

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CHAPTER 14

BUSY BUSY 💰 week with a range of enterprise tech getting funding. Some surprising areas too 🤔 Video below 📽 👇

Nile raises $175M in a series C. Network as a Service (#NaaS) with an all star cast from the networking world! So many questions!

Endor Labs raises $70M in a series A! Open Source security along the software supply chain. A DroidGPT too 🤖

Neon received $46M in a Series B. #Serverless #Postgres #Database provider. Funding for a relational database company! 

CoreWeave $2.3B in debt financing, and its secured by a HUGE inventory of NVIDIA GPUs.

 Aussies! Plerion raises $10M seed round for their #Cloud #Security platform.

Cyble Inc. gets $24M in a series B. Security Insights + #ThreatIntelligence. 

Tromzo $8M in a seed round. Another software supply chain security company.

Lightup Data gets $9M in a series A round. Data Quality Monitoring.

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CHAPTER 13

💰 HUGE acquisition last week, A $150M "down round", more funding for AI Security and Quantum computing from Aussies! Video below! 👇 📽

Thales acquired Imperva for $3.6B in a deal with Thoma Bravo. Not 100% sure on the technology strategy here. Keen to hear any commentary if any one has an opinion?

OneTrust raised another $150M in a "down round" now only valued at a teeny weeny $4.5B. Trust Intelligence Platform all around governance in the enterprise.

Protect AI raised $35M in a Series A. They protect, secure and monitor AI and LLM development environments.

Last but not least, Silicon Quantum Computing raised $34M in a series A. This Aussie company with a star studded team are building the next evolution of compute.

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CHAPTER 12

$255.7M 💰 in #EnterpriseTech funding across a broad range of technologies this last week. Video below ⬇ 📽

o9 Solutions, Inc. raised $116M at a valuation of $3.7B. #SupplyChain and Supply Networks technology.

Hammerspace $56.7M in a Series A. Parallel Global File System 🤔. Unified namespace for data and file storage across any environment and any storage type.

Hightouch $38M in a funding round. Ex-employees of Segment (acquired by Twilio for $3.2B in October 2020) - Customer Data Platform 🎯

unstructured.io - $25M funding round. Platform to convert unstructured data to formats compatible with #LLMs, the underlying modelling for #AI like #ChatGPT. 

Wing Cloud $20M in Seed funding. Building a unified programming language for the cloud called #WingLang i.e. An abstraction layer above the hyperscalers, where you can write it once and it can be deployed on #AWS, #Azure or #GCP.

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CHAPTER 11

📽 Video update this week to get some visuals and more commentary on where the money is flowing! Watch below ⬇

Aussie 🐨 🌏 Cyber company gets funding 💸 and some very interesting names along the list as well!

Secure Code Warrior, est. 2015 in Australia scores a $50M Series C round. Learning Development Platform to enable devs with critical secure coding capabilities.

Jirav raised a $20M Series B round. #SaaS financial modelling and planning. More for the mid market space but a lot of capability. 

Zluri also received a $20M series B. Helping enterprise govern the prevalent use of SaaS focusing on #shadowIT or Shadow SaaS.

Another one in this space is Savvy who exited stealth with a $30M round, again targeting the shadow IT / Shadow SaaS space but a slightly different angle by looking to educate the users along the journey.,

Resemble AI raises $8M to further advance its #voicecloning #AI capability. Although this sounds sinister there are good use cases in business and the enterprise.

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CHAPTER 10

In the last 14 days 10 companies in #enterprisesoftware funded totalling almost $1.8B. Are things picking up? We finally have some #CyberSecurity companies getting in on the action too! 

Largest 💰 to Smallest 💰

1 year old Inflection AI raises a measly $1.3B in the 4th largest #AI round to date. Hoovering up 22,000 NVIDIA H100 GPUs for Pi (https://pi.ai/), a conversational AI digital assistant.

Typeface raises $100M in Series B. AI content creation for the enterprise. This looks really cool Cameron Avery Nick Love James Bright Alyssa Perkins Eugenia Elafros

Redpanda Data raises $100M Series C. Data streaming platform for developers.

Cyera gets $100M Series B. Data security using AI.

Fly.io raises $70M Series C. Simplified cloud for global app deployments.

Cyware raises $30M Series C . Threat intelligence and SOAR platform.

 Astrix Security raises $25M Series A. Enterprise Application data security.

Parabola raises $24M Series B. Process and data flow Automation.

Faros AI scored $20M Series A. AI powered DevOps intelligence platform.

Causely raises $8.8M in a seed round. ITops with a little help from Causal AI.

Acquisitions

Virtana Corp. acquires OpsCruise for Kubernetes observaibiltiy

Socure Acquires Berbix for $70M

DigitalOcean acquires Paperspace for $111M