Douglas Busvine
4 minute read
German based software company Celonis has raised $1 billion from investors to give the company a post-fundraising valuation of more than $11 billion, extending a record-stretching series of mega funding rounds by German technology startups.
Munich-based Celonis, founded a decade ago, has consistently doubled revenue from year to year and recently launched its Execution Management System product that crunches data to tackle problems and automate decision making.
The Celonis fundraising raise follows recent bumper rounds by online stockbroker Trade Republic, online insurer Wefox, and another Munich startup FlixMobility, which on Wednesday said it had raised $650 million.
On top of the Series D venture round, a record for a German technology startup, Celonis said it was hiring veteran Wall Street analyst and Google (GOOGL.O) executive Carlos Kirjner to become its chief financial officer.
Scale AI, a San Francisco, CA-based provider of a data platform for AI, raised $325m in Series E funding.
The round was co-led by Dragoneer, Greenoaks Capital, and Tiger Global with participation from new investors Wellington Management and Durable Capital followed and existing investors Coatue, Index, Founders Fund, and YC.
The company intends to use the funds to continue to expand the team and products.
Scale is a provider of a data platform for high quality training and validation data for AI applications. The company’s solution enables organizations to manage the entire AI lifecycle, whether they have an AI team in-house or need a fully managed models-as-a-service approach.
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Fintech as a Service Provider Rapyd Partners Lano to Help Remote Workers Get Paid Faster, without High Transaction Fees
Rapyd, a global Fintech-as-a-Service provider, recently revealed that it has teamed up with
Lano, a platform that assists businesses with recruiting and managing their global teams, in order to power their global payment and disbursement capabilities.
As stated in a release, this past year marked a “dramatic acceleration” in the adoption of remote working. A Microsoft study reveals that 46% of the workforce now intends to “move in response to this new found corporate flexibility,” the announcement noted while adding that many firms have “jumped headfirst into the race to attract the best remote talent: there has been a 5X increase of remote job postings on LinkedIn since the start of the pandemic. Others are working to adapt existing policies and structures to the current environment.”
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Warby Parker is looking to hire a head of investor relations and in-house lawyer for SEC compliance.
The direct-to-consumer brand is talking to potential advisors about a listing this year, Bloomberg reported this week.
Now more than a decade old, Warby Parker was last valued at $3 billion, according to TechCrunch.
Warby Parker is looking to staff up with legal and investor-relations pros who can help it prep for being a public company.
Last week, Warby Parker posted a job listing for an in-house lawyer armed with extensive knowledge of corporate and securities law for public companies, especially when it comes to SEC and stock exchange compliance. The assistant general counsel will be tasked with building the company s securities function as it builds to the next stage o
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Dan Sundheim s D1 Capital has made private investments in startups since its inception in 2018.
D1 participated in funding rounds in hot sectors like logistics, enterprise SaaS, and e-commerce.
We listed all the private investments it has announced publicly in 2021.
Hedge fund D1 Capital Partners, run by billionaire Dan Sundheim, is continuing to ramp up its private market bets having invested in at least 24 private companies in 2021 so far.
The $21 billion hedge fund has been making private investments in startups since its launch in 2018. Popular among fellow Tiger Cub firms Tiger Global and Coatue Management, private investing continues to take the hedge fund world by storm this year.