FUELING THE FUTURE: $800M for EPM & ERP startup, Arctic Wolf raises $150M | Tulsa’s mega microfactory
- RALEIGH, NC—Big win for Fast Future country! insightsoftware, a startup that provides financial reporting and enterprise performance management (EPM) and enterprise resource planning (ERP) software has landed an $800 million investment from global investment firm Hg. We’ll be following these guys closely.
- KANSAS CITY, KS—Overland Park govtech company Daupler received a $4 million investment from Burnt Island Ventures, with participation from the Revolution Fund, Runway Venture Partners, Knoll Ventures, and KCRise Fund. The funding is expected to strengthen Daupler’s product, a first response software platform for utilities and public works.
- PITTSBURGH, PA—Edtech company Digital Dream Labs closed a $1 million equity raise led by Tartans. This brings the company to a $20 million valuation. CEO Jacob Hanchar told the Pittsburgh Business Times that this is in preparation for a “much larger raise.”
- EDEN PRAIRIE, MN—Arctic Wolf, a managed cybersecurity company that offers “security operations-as-a-concierge” service, has completed a $150 million Series F round of funding that values the company at $4.3 billion. CEO NeSmith says the company is weighing its options, but an IPO is the likely next move.
- TULSA, OK—California-based electric vehicle startup Canoo is building a “mega microfactory” on a 400-acre campus near Tulsa. The microfactory will feature a self-contained, multi-purpose platform that can be produced through a high-volume, highly automated assembly process.
- WIXOM, MI—LightGuide, Inc. has raised $15M Series B financing led by G2 Venture Partners. The company has developed a projected augmented reality (AR) software platform that standardizes and improves manual industrial processes.