Friday, November 13, 2015

Funding Box: The Latest Startup Funding News

The Funding Box provides information on venture capital/private equity and startup funding. Here's a list of top startup funding stories.
Appcast, a New Hampshire-based pay-per-applicant job ad exchange, has received $5 million in funding led by Point Judith Capital, with participation from another new investor IrishAngels, and existing investor Baird Capital. Appcast, which has raised $7.4m to date, plans to use the funds to develop its technology solutions and expand sales and marketing efforts.

Based in Lebanon, New Hampshire, Appcast provides a platform that allows companies to advertise open jobs on a ‘pay-per-applicant’ basis across a network of thousands of career and consumer sites. The company’s solution works with all applicant tracking systems and requires no long-term contracts.,

NextVR, a California.-based live-action virtual reality broadcast technology, has raised $30.5 million in Series A funding led by Formation 8, with participation from Time Warner Investments, Comcast Ventures, Peter Guber, RSE Ventures, and The Madison Square Garden Company. NextVR had previously raised $5.5m to date. Founded in 2009 and based in Laguna Beach, California, NextVR enables the transmission of live, long-form virtual reality content in broadcast quality. 

Unitive, a California-based analytics startup for hiring, has secured a $7.5 million Series A round of financing led by Ignition Partners, with participation from Kapor Capital, Webb Investment Network, Floodgate and Correlation Ventures. The new capital will be used to further develop the technology and increase customer support and marketing efforts. Headquartered in Woodside, California, Unitive provides a cloud based analytic decision-support system which automatically guides managers through hiring decision process, removing time-consuming meetings to focus on the information that matters. Unitive's solution comprises of content management system for creating and managing job postings, a system for resume review, and an interview management system.

Iceye, a Finland-based developer of a satellite-based information service, has raised $2.8 million in Series A funding led by True Ventures, with participation from Lifeline Ventures and Founder.org. In addition, the company also secured €2.5 million in R&D funding from SME Instrument. Based in Espoo, Finland,  Iceye provides quick-response imagery from space with microsatellites equipped with imaging radar technology. Iceye’s imaging radar allows the company to supply near-real-time imagery globally, with groups of small satellites. It’s satellites can acquire images regardless of weather or daylight conditions, so the information will be available even in situations where camera-based satellites cannot see the target. 

Therapixel, a France-based startup that makes touchless image navigation system designed for surgery, has raised €600,000 in funding. Investors included PACA Investissement, Var Business Angels, Créazur, CPG and IT Translation. The company plans to use the funds to increase its commercialization and expansion efforts. Based in Paris, France, Therapixel provides a touchless image navigation system for interventional radiology or surgery. Therapixel’s technology allows surgeons to access medical images, acquired before or during surgery, it uses a motion sensor positioned on top of the screen, which transforms hand gestures into control commands for the system.

Authess, a Massachusetts-based edtech company, raised $675k in seed funding.
Investors included a mix of investors from the United States and Manipal Global Education in India. Authess plans to use the funds for product development and servicing its early customers. Based in Boston, Massachusetts, Authess focuses on the design and delivery of performance-based assessments that encourage creative problem solving and determine a learner’s ability to apply his or her knowledge.

Udacity, a Mountain View-based online learning provider, has raised $105 million in Series D funding round led by Bertelsmann with participation from Andreessen Horowitz, Charles River Ventures, and Drive Capital. With a total valuation of $1 billion, Udacity has now joined the growing number of unicorn companies. The company plans to use the fresh capital to continue to invest in the expansion its education business. Based in Mountain View, California and founded by Sebastian Thrun in 2011, Udacity partners with technology companies such as Google, Facebook and Amazon.com to develop online education offerings. With Udacity's nanodegree programs, students can now prepare for careers in the technology sector by acquiring certificates specific to their professional field. 

Image credit: Google Play

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