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Upskilling platform Degreed raises $153 million in Series D Funding
Now Valued at over $1B, Degreed also announces former Box COO Dan Levin to succeed Chris McCarthy as CEO
PLEASANTON, Calif., April 13, 2021 (GLOBE NEWSWIRE) Upskilling platform Degreed has raised $153 million in Series D funding. The investment, which was co-led by Sapphire Ventures and Riverwood Capital, values the company at $1.4 billion. Dan Levin, former COO of Box (NYSE:BOX), will succeed Chris McCarthy as CEO of Degreed. McCarthy will remain in a strategic advisory capacity and sit on Degreed s Board of Directors.
The funding will be used to accelerate product development, enhance data infrastructure, fuel global expansion, and pursue strategic acquisitions. Technology enhancements will focus on upgrading Degreed s reporting and analytics, ensuring best in class security, and enhancing integrations that take Degreed deeper into users daily workflow.
Bandwango raises $3.1M to power tourism- and experience-focused deals
You might think that a startup whose primary customers are tourism bureaus would have had a pretty rough 2020, but CEO Monir Parikh said Bandwango‘s customer base more than doubled in the past year, growing from 75 to 200.
In Parikh’s words, the Murray, Utah-based startup has built a platform called the Destination Experience Engine which is designed for “connecting businesses with communities.” That means bringing together offers from local restaurants, retailers, wineries, breweries, state parks and more into package deals such as the Newport Beach Dine Pass and the Travel Iowa State Passport which are then sold by tourism bureaus.
Upskilling platform Degreed raises $153 million in Series D Funding
Now Valued at over $1B, Degreed also announces former Box COO Dan Levin to succeed Chris McCarthy as CEO
PLEASANTON, Calif., April 13, 2021 (GLOBE NEWSWIRE) Upskilling platform Degreed has raised $153 million in Series D funding. The investment, which was co-led by Sapphire Ventures and Riverwood Capital, values the company at $1.4 billion. Dan Levin, former COO of Box (NYSE:BOX), will succeed Chris McCarthy as CEO of Degreed. McCarthy will remain in a strategic advisory capacity and sit on Degreed’s Board of Directors.
The funding will be used to accelerate product development, enhance data infrastructure, fuel global expansion, and pursue strategic acquisitions. Technology enhancements will focus on upgrading Degreed’s reporting and analytics, ensuring best in class security, and enhancing integrations that take Degreed deeper into users’ daily workflow.
DeepSee.ai raises $22.6M Series A for its AI-centric process automation platform
DeepSee.ai, a startup that helps enterprises use AI to automate line-of-business problems, today announced that it has raised a $22.6 million Series A funding round led by led by ForgePoint Capital. Previous investors AllegisCyber Capital and Signal Peak Ventures also participated in this round, which brings the Salt Lake City-based company’s total funding to date to $30.7 million.
The company argues that it offers enterprises a different take on process automation. The industry buzzword these days is “robotic process automation,” but DeepSee.ai argues that what it does is different. I describe its system as “knowledge process automation” (KPA). The company itself defines this as a system that “mines unstructured data, operationalizes AI-powered insights, and automates results into real-time action for the enterprise.” But the company also argues that today’s bots focus on basic task au