Nov 29, 2024

VC funding: Halcyon, VISO TRUST, Grey Market Labs, Teleo, Lightning AI 29/11/2024 Tech startups such as Halcyon, VISO TRUST, Grey Market Labs, Teleo, and Lightning AI, announced their VC funding rounds from venture capital companies. VC funding for tech Halcyon Raises $100 mn Halcyon, an anti-ransomware platform, has closed a $100 million Series C funding round at a $1 billion valuation. The VC funding round was led by Evolution Equity Partners, Evolution Equity Partners with participation from Bain Capital Ventures, SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures and existing investors. The VC funding will bolster Halcyon’s efforts to combat the rising ransomware epidemic. The platform offers unique resilience technology, enabling recovery from attacks within minutes without ransom payments. VISO TRUST Secures $7 mn VISO TRUST, a pioneer in AI-powered third-party risk management, has secured $7 million in additional funding, raising its total to $24 million. The round includes participation from existing investors Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, alongside new investors Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures. With this funding, the company will expand its solutions. Its clients include Upwork, Instacart, and Bain Capital. Grey Market Labs Raises $8 mn Grey Market Labs has closed $8 million funding in a Series A round led by Capri Ventures, with support from Blu Ventures and AFG. The funding will accelerate the adoption of Replica, a Secure Environments as a Service platform. The Replica platform offers advanced use cases, including malware sandboxing, fraud investigations, and intellectual property protection. This investment positions Replica to enhance its offerings and continue its mission of delivering unparalleled privacy and security for banks, governments, and enterprises globally. Teleo Raises $16.2 mn Teleo, a startup advancing autonomous technology for heavy machinery, has raised $16.2 million in Series A extension funding, bringing its total funding to $29.8 million. The round was led by UP.Partners, with participation from Trousdale Ventures, F-Prime Capital, Trucks Venture Capital, and Triatomic Capital. Teleo’s platform integrates AI-powered automation into heavy equipment such as wheel loaders and excavators, reducing operational costs and enhancing safety. Teleo plans to use the funding to expand customer deployments, enhance AI capabilities with large language models, and enter new markets such as airports and warehousing. Lightning AI Secures $50 mn Lightning AI, creator of the PyTorch Lightning framework, has raised $50 million in a funding round led by Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing its total funding to $103 million. Lightning AI simplifies AI development with multiplayer, cloud-based environments that enable fast model finetuning, deployment, and agent building. The VC funding will accelerate Lightning AI’s mission to become the operating system for AI development, offering solutions like pay-as-you-go pricing and enterprise-grade tools to drive efficiency. Tags