Weekly Funding Insights
Hey there! Here’s Synaptic wishing you a very Happy New Year!
Here are some performance metrics on companies that raised funding last week.
Over $3.4B were invested in 96 companies worldwide.
# of funding rounds across categories
Funding round that caught our eye
2016 | United Kingdom | $682M
Raised $222M led by Ontario Teachers' Pension Plan
Graphcore is the inventor of the Intelligence Processing Unit (IPU), a microprocessor designed for AI and machine learning applications.
Graphcore looks forward to develop its technology around its IPU architecture to compete against chips from the likes of Nvidia and Intel in terms of AI applications. It plans to double down its team size to take advantage of newer opportunities.
Graphcore’s Competitive Landscape
Noticeable companies that raised funding
2013 | United States | $154M
Raised $85M in Series D from Northpond Ventures
IsoPlexis is a life sciences company developing a single-cell protein response analysis platform.
2006 | United States | $869M
Raised $83M in Series F led by NewView Capital, Sequoia Capital
23andMe is a DNA testing technology company that enables its users to access their ancestry, genealogy, and inherited traits.
2016 | United States | $56M
Raised $25M in Series B
AiVita Biomedical is is a medicine company develops commercial and clinical stage programs utilizing curative and regenerative medicines.
2016 | Pakistan | $15M
Raised $9M in Series A from Quona Capital, ICU Ventures, BEENEXT, VEF, Gray Mackenzie Engineering Services
Finja is a financial services platform that offers payments, lending, and collection services to professionals and SMEs.
2014 | United States | $10M
Raised $7M in Series A led by Cloud Apps Capital Partners
Biteable enables users to create professional videos and animations within minutes.
Equity crowdfunding platforms are seeing higher inflows as startups look to them them as an alternative avenue to raise funds, while investors see them for growth opportunities. Startengine, Wefunder and Seedinvest have seen more than 2x YoY growth in their website traffic, as of Nov ’20. Check out the new blog post at Synaptic Insights to know more.