Swan, a platform for businesses to incorporate banking functions into their products, raised €16 million in Series A funding. Swan is situated in Paris, France.
Accel led the round, which also included previous backers Creandum and Bpifrance.
By adding market-specific features and a self-service option to the platform’s capabilities as well as expanding its sales, marketing, and finance teams, the company plans to quicken the pace of its European expansion.
Swan is a platform that enables SaaS platforms, marketplaces, and fintech businesses to quickly launch secure and straightforward embedded financial solutions. Swan was founded in Paris in 2019 by Nicolas Benady (CEO), Mathieu Breton (CTO), and Nicolas Saison in partnership with startup studio eFounders. Swan assists businesses with the API integration of white-labeled banking elements like accounts, cards, and IBANs into current workflows and user interfaces. Swan adopts a developer-friendly approach.
Companies who connect to Swan’s BaaS platform have no regulatory risk since they may ride along on its e-money licence, which is passported throughout the European Economic Area and is governed by France’s ACPR. Swan also complies with security and regulatory requirements as part of its platform, including Strong Customer Authentication (SCA) as part of PSD2 and fraud detection. This enables businesses to offer financial capabilities while continuing to concentrate on creating their core offerings.
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.
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.
Ascend.io Raises $31M in Series B Funding
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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