Arcion, a data replication company, has raised $13m in a series A funding round led by Bessemer Venture Partners with participation from Databricks. The platform provides data migration, replication and analysis tools that allow businesses to replicate production databases in real-time between platforms, ensuring consistency between data stores and mapping schema and data between database environments. Arcion have over 100 deployments across three continents and a customer base that includes financial institutions and Fortune 500 brands, and moves 150 terabytes of transactional data every month.
Data replication has become increasingly important as more businesses adopt digital tools during the pandemic, and organizations were turning to data replication services even before Covid-19 as their databases expanded in size and complexity. According to a 2018 Unisphere Research survey, 83% of companies employ data replication for disaster recovery and offloading non-critical workloads. IDC estimates that the market for data replication and protection software in 2019 was worth $9.4 billion.
Gappify Announces Oversubscribed Series B Financing Round
Gappify Closes $10 Million Series B Financing Round, Reinforcing Its Vision to Transform Accounting Automation
Founders.ai Celebrates Arcion's Acquisition by Databricks
Founders.ai proudly announces that its portfolio company, Arcion, has been acquired by data and AI leader Databricks in a deal valued at over $100 million, reinforcing the transformative potential of AI and data technologies in the enterprise landscape.
ThoughtSpot Completes $200M Acquisition of Mode Analytics
Founders.ai portfolio companies, ThoughtSpot and Mode Analytics, Complete a historic $200M M&A deal to revolutionize AI-Driven Business Intelligence.
Gainy announces the partnership with DriveWealth
Gainy, a fintech platform aimed at younger investors, has partnered with DriveWealth to offer Thematic Trading Fractionals, a tool that uses fractional trading technology to optimize thematic model portfolios and simplify active investing for users.
Britive secures $20.5M series B round
Cloud identity security platform Britive has raised $20.5 million in a Series B funding round led by Pelion Venture Partners, with participation from Liberty Global Ventures, Crosslink Capital and One Way Ventures, to expand its investments in customer success, marketing, sales, and product development.
Narrative BI Raises $1,2M in Pre-seed Funding
Narrative BI, a company launched by Founders.ai announced that it has raised $1,2 M in pre-seed funding from Elysium Venture Capital and others.
Gappify Announces Oversubscribed Series A Financing
Gappify announced that it has raised $6M in Series A financing. The oversubscribed round was led by Rally Ventures, whose early investments include top B2B enterprise solutions such as Coupa.
Meeting with Sviatlana Tsikhanouskaya
Michael Rumiantsau, the founders.ai Managing Director, was invited to the meeting with Ms. Tsikhanouskaya - Belarus' president-elect.
Founders.ai invests in Gainy
Gainy App nabs $200K from Founders.ai to a build personalized investment recommendation app for retail investors.
Gappify Announces Closing of Equity Financing
Gappify announced the completion of the financing round led by Stage 2 Capital.
Britive has raised $5.4 million from Upfront Ventures and other investors, including Founders.ai
Britive has raised $5.4 million from Upfront Ventures and other investors, including Founders.ai.