Latest AI Startups To Raise Millions Through a Series of Funding

Hello! 🙋We have the following Product updates for you today! 📣

• Quantexa Raises $129M – An online fraud and customer data management startup.
• Push Security raises $15M to help SaaS users lower their online vulnerability.
• DataDome, which uses AI to protect against bot-based attacks, raises $42M.
• Pump AI startup to reduce AWS billing cost.

Quantexa raises $129M – An online fraud and customer data management startup

The pioneer in Decision Intelligence (DI) solutions and British IT startup Quantexa has concluded a $129 million Series E fundraising round. With a $1.8 billion valuation thanks to the most recent funding round, the business is now officially a unicorn. 

Global institutional investor GIC served as the round’s lead investor. Pre-existing investors Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO, and AlbionVC also took part.

Less than 18 months had passed since July 2021, when Quantexa closed a $157 million Series D funding deal.

A data analytics and integration startup, Quantexa, builds relationships between entities to drive intelligent decision-making in businesses.

Quantexa gives companies the ability to find hidden insights and make well-informed decisions that increase business value by combining diverse data sources. HSBC, Standard Chartered, BNY Mellon, and others are among its clients.

According to Vishal Marria, the CEO of the company, revenues will reach $100 million next year, and the business will become profitable by 2025.

Push Security raises $15M to lower online vulnerability

Cyber risks are a big worry for both individuals and businesses in today’s technology-driven environment. Push security is one of the businesses that has made it their goal to assist in preventing these threats.

Push Security, a provider of cutting-edge breach and attack simulation technologies to find vulnerabilities has raised $15 million to assist SaaS users in lowering their online vulnerability.

This $15 million Series A fundraising round is led by GV (Google Ventures) along with other investors. The website says that hundreds” of teams and roughly 50,000 employees have utilized its solutions since its inception in July 2022. Some of its biggest clients include Reachdesk, Upvest, and Tray.io.

Push Security was founded in 2015 and has since been popular in the sector for its innovative method of web security testing. It simulates several attack methods, including SQL injections and cross-site scripting, and provides immediate feedback on how well security mechanisms for an application are working. The business keeps creating innovative web application security solutions.

DataDome – AI startup to protect against bot-based attacks, raises $42M

DataDome is an AI-powered technology for managing online fraud and bots. It announced a $42 million Series C fundraising round. DataDome protects mobile apps, websites, and APIs from bot-driven cyberattacks and fraud.

InfraVia Growth led this Series C round of fundraising, with participation from current investors Elephant, ISAI, and others.

According to its corporate press release, the proceeds from Series C will be used to support the company’s commercial rollout and R&D initiatives.

The company claims to be one of the few that analyses each traffic request in real-time, employing techniques such as vulnerability scanning rules, device fingerprinting, and behavioral analysis, and claims to process over 3 trillion data signals every day.

According to one study, malicious bots account for 27.7% of all web traffic. Web scraping, competitive data mining, personal and financial data collecting, scalping, account takeover fraud, spam, and transaction fraud are some of the actions carried out by these bots. In such cases, firms like DataDome would be a valuable platform for preventing bot attacks.

Pump -AI startup to reduce AWS billing cost

The cloud cost is rising dramatically as companies’ most operations are shifting to the cloud infrastructure. Pump is the answer if you want to reduce your AWS costs while simultaneously doing so without spending any money.

Pump is an AI-based technology that claims to reduce your AWS expenditure by up to 60%.

By spending more money per hour and using group buying to create economies of scale, it transfers idle resources from one company to another company.

On your behalf, Pump’s algorithms continuously plan and buy the best AWS saving plans & RIs.

It doesn’t interact with your IT infrastructure and only works at the billing layer level with limited Identity and Access Management (IAM) capabilities.