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Dovetail Raises $63M in Series A Funding

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Dovetail Raises $63M in Series A Funding

Dovetail, a customer research platform provider with offices in San Francisco, California, and Sydney, Australia, raised $63 million in Series A funding at a post-money valuation of over $700 million USD.

Accel was the lead investor in the round, which saw participation from Blackbird, Felicis Ventures, Grok Ventures, Didier Elzinga, the CEO of Culture Amp, Stewart Butterfield, the CEO of Slack, Vlad Magdalin, the CEO of Webflow, and Daniel Yanisse. The total funding now stands at $71 million USD (CEO of Checkr).

The monies will be used by the business to continue expanding operations and development initiatives.

Dovetail, a customer research platform, is used by 2,600+ clients, including Affirm, Arm, Atlassian, Canva, Deloitte, PwC, Porsche, Shopify, Starbucks, and Workday. These clients use the system’s data analysis, insight reporting, and search capabilities to support everything from product development to digital transformation. The business, which invented the research repository market, brings teams together to glean customer insights from information including user interview recordings and satisfaction survey results. With quick access to pertinent customer data, the platform enables teams to work together on customer research and make choices more quickly.

Dovetail employs more than 65 people in its offices in San Francisco and Sydney.

Fundraising

Built Technologies Raises $125M in Series D Funding; Valued At $1.5 Billion

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Built Technologies Raises $125M in Series D Funding; Valued At $1.5 Billion

Built Technologies, a construction finance platform based in Nashville, Tennessee, raised $125M in a Series D funding round, valuing the company at $1.5 billion.

TCV led the investment, and Brookfield Technology Partners, 9Yards Capital, XYZ Venture Capital, and HighSage Ventures also invested. In addition to other individual investors, they joined existing investors such as Lee Fixel’s Addition, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs, and Nyca Partners.

The money will be used by the business to expand internationally, enhance its team, and expedite the supply of new goods to contractors, home builders, and real estate developers.

Built, led by CEO Chase Gilbert, connects commercial and consumer construction lenders, real estate developers, commercial general contractors, residential homebuilders, specialty contractors, title companies, and other key industry vendors through cloud-based construction finance technology, enhancing the flow of capital through the construction ecosystem.

Built allows lenders to invest money in residential and commercial construction projects while integrating with their existing core systems. Built is actively creating new solutions for business and residential owners, developers, and construction industry experts, including compliance tracking, AP/AR automation tools, payment administration, and insurance services.

Over 200,000 business, homebuilder, land development, and consumer residential projects totaling over $135 billion in construction value have been funded via the platform since its introduction in 2015.

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Fundraising

Perception Point Raises $28M in Series B Funding

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Perception Point Raises $28M in Series B Funding

A Tel Aviv, Israel-based business called Perception Point that provides quick interception of content-based attacks as a service won $28 million in Series B funding, bringing the company’s total capital to $48 million.

Pitango Venture Capital, State of Mind Ventures, NGP Capital, and other previous investors participated in the round, which was led by Red Dot Capital Partners (SOMV). The company’s board of directors will welcome Bo Ilsoe from NGP Capital, Yoram Oron and Atad Peled from Red Dot Capital Partners, and Atad Peled.

The cash will be used by the business to expand into new areas, quicken product innovation, and expand the staff to meet client demand.

Perception Point, a Prevention-as-a-Service business led by CEO Yoram Salinger, provides quick interception of any content-based assault across all communication channels, including email, cloud storage, CRM applications, and chat platforms. Before it reaches enterprise users, the company stops phishing, BEC, spam, malware, Zero-days, and N-days.

Users from a variety of industries, including telecom, technology, retail, food and beverage, healthcare, financial services, and more, make up the company’s customer base.

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Fundraising

Ascend.io Raises $31M in Series B Funding

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Ascend.io raises

Data Automation Cloud business Ascend.io, situated in Menlo Park, California, secured $31 million in Series B funding.

Shasta Ventures and previous investor Accel also participated in the round, which was led by Tiger Global.

The business plans to utilise the money to:

Expand its Data Automation Cloud to allow comprehensive multi-cloud data mesh automation, scale go-to-market initiatives, and enter new geographies.
Ascend.io is a data automation cloud platform run by CEO and Founder Sean Knapp that offers sophisticated automation for data and analytics engineering workloads. Any member of the data team, including data engineers, data scientists, and data analysts, can use the solution to quickly and easily build and deliver the data and analytics workloads they require by combining the fundamental data engineering capabilities of data ingestion, transformation, delivery, orchestration, and observability into a single platform.

Ascend.io currently supports Amazon Redshift, AWS Glue, Microsoft Azure Synapse, and other services in addition to running natively on data lakes, warehouses, and in AWS, Google Cloud, and Microsoft Azure.

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