Animoca Brands has raised a further $88 million in funding. The firm has over four hundred employees, and has already made more than 100 investments. This round of funding will help the company focus on product development and strategic acquisitions. It will also help it secure licenses to popular intellectual properties. In addition, it will use the new capital to promote digital property rights and advance the open metaverse.
Animoca Brands recently completed the second phase of its $75.3 million funding round. This round valued the company at $5.9 billion, and the company will use the money to support its business operations and product development. While Animoca Brands is not a unicorn, it has the backing of investors including Ubisoft, Dragonfly Capital, Com2Us, Kingsway Capital, Smile Group, Adit Ventures, and Justin Sun.
Animoca Brands has a long-term focus on blockchain technology and non-fungible tokens that authenticate unique digital items. With more than 340 investments in the blockchain industry, the company is looking to provide real-world digital ownership of users’ virtual assets. It also hopes to facilitate asset interoperability and enable play-and-earn opportunities mytoptweets.net.
If you’re looking for the top news on artificial intelligence, enterprise technologies, privacy, and blockchain, you’ve come to the right place. I’m Sage Lazzaro, a senior reporter at VentureBeat. I cover the latest in the industry and the companies that are making it happen.
The Toronto-based iGaming startup, Rivalry, has raised $53 million to further expand its team and product line. While the company currently operates in only one market, it has plans to expand to several more in the coming months. It currently has 70 employees around the world.
Ventureslundentechcrunch has added a new senior staff writer, Kyle Wiggers, to their team. Wiggers formerly worked as an SEO editor for Fatherly and was an SEO editor at XDA Developers. He is a graduate of Ohio University. He currently resides in New York City.
Digital skills gap
ThriveDX, a cybersecurity training platform, has raised $100 million in its latest funding round, led by technology investor Prytek and security-focused venture firm NightDragon. With this investment, ThriveDX will accelerate its hypergrowth and expand its talent pool to meet the cybersecurity needs of companies. Additionally, ThriveDX will help close the digital skills gap.
Animoca Brands is raising $88 million from strategic investors to support its expansion. Its team has experience working on top-notch titles such as Assassin’s Creed IV Black Flag, Dying Light 2, Tom Clancy’s The Division, and the Fable series. Co-founders Samuel Kahn and Mark Charbit are veterans in the video game industry, and together, they are building a blockchain-based massively multiplayer online game.
The funding will allow Animoca Brands to accelerate their product development and secure licenses for popular intellectual properties. Siu said he is grateful for the new investment, and he plans to use the money for a long-term vision. The new capital will also help the company make strategic acquisitions and develop new products. The company also plans to use it to support its open metaverse and promote digital property rights.
Nayya, a leading insurance benefits experience and management platform, recently closed $11 million in Series A funding led by Felicis Ventures. The new investment includes support from early investors including Guardian Life, the largest mutual life insurance company in the United States, and Unum Business Ventures, a Fortune 500 insurance company that covers 39 million people.
The firm is based in Menlo Park, California and serves customers worldwide. Some of its accomplishments include reaching 500k minority college students and improving the childhood cancer survival rate by four times. Its Founder, Mike Walsh, founded Dogpatch Labs, a venture capital firm that has launched over 350 companies and helped launch Instagram. Since its founding in 2006, Felicis Ventures has invested in seven IPOs.
Curation and streamlining
Noogata is an Israeli company that develops products for big data analytics at scale. The company’s new round of funding comes as it competes with other startups in this space. These include Firebolt, which is developing a cloud data warehouse, and Leadspace, which uses AI to create customer profiles. Dremio, which recently raised $135 million, also sells tools for curation and streamlining data lawyersmagazine.
Noogata is an Israeli company that develops products for big data analytics at scale. The company’s new round of funding comes as it competes with other startups in this space. These include Firebolt, which is developing a cloud data warehouse, and Leadspace, which uses AI to create customer profiles. Dremio, which recently raised $135 million, also sells tools for curation and streamlining data.
Hugging Face recently won a $40 million series B funding round led by Addition. Other investors include Lux Capital, A.Capital, Betaworks, and MongoDB CEO Dev Ittycheria. The startup is working on a reimagination of how AI is used for human communication. Its Transformers NLP library has already been downloaded 10 million times by Python developers, and it is used by companies including Microsoft Bing and MongoDB.
Software is designed
Hugging Face’s open-source software is designed to be used in a wide variety of NLP tasks. It also offers a host of pretrained NLP models on its GitHub page. It also creates datasets, which are essential to NLP.
Index Ventures has invested $175 million in cybersecurity startup Coalition, a cyber insurance and security company. The funding comes at a time of rising hacking rates and the need to transition to remote work. Index is confident that Coalition’s technology and services will be valuable and scalable in the future.
In a recent series B round, Aquant raised $30 million, bringing its total funding to nearly $40 million. The startup plans to use the money to scale up its engineering, client services, and go-to-market teams. Its software can translate unstructured data into useful and actionable information that can help organizations improve service delivery.
In a recent round of funding, the leading insurance benefits platform Nayya secured $11 million in Series A funding from Felicis Ventures and other investors. Early investors including Guardian Life, the largest mutual life insurance company in the US, and Cameron Ventures also participated.Felicis Ventures was founded in 2006 and has invested in over 350 companies. Its current fund has been oversubscribed two times. Its portfolio includes companies with a global reach and a strong focus on innovation.