Today we're excited to announce our investment to Pactum AI in their recent $20M Series B 🤩 Pactum’s autonomous bots can contact thousands of suppliers simultaneously seeking the best pricing and terms for routine corporate purchases in logistics and a wide range of other sectors. Launched in 2019, Pactum’s software is negotiating deals in 10 languages for dozens of Fortune 500-sized customers, such as Walmart, Vodafone and Veritiv. The largest autonomously signed deal so far was a $28 million purchase that generated savings of $750,000 🤝 Our story with the Pactum's founding team goes way back when Martin Rand, Kaspar Korjus and Kristjan Korjus first started building Pactum at our coworking space Palo Alto Club. We're thrilled to join their journey supporting procurement teams around the world as they embrace AI agents as their colleagues, alongside Karma Ventures, Atomico, Project A, Maersk Growth, 3VC and PortfoLion Capital Partners 🤩 Onwards! 🚀 https://lnkd.in/dBYNuN4w
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Portcast just raised $6.5M to transform the supply chain game with AI tech 🚀. The new funding will fuel their global expansion and innovative solutions across APAC and Europe. #SupplyChainTech https://lnkd.in/gwR7aqWU
Portcast Secures $6.5M to Supercharge Supply Chain AI - Techzi
https://techzi.co
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#News | Brazilian proptech Morada.ai has raised $1 million to enhance its AI technology and support growth. Specializing in AI solutions for real estate, Morada.ai’s chatbot, Mia, streamlines client interactions and investment simulations, driving significant growth this year with nearly 100 developers across 17 states. #RealtyNXT #Proptech #ArtificialIntelligence #RealEstateInnovation #SmartInvesting #BrazilianStartups #AIChatbots #DigitalTransformation Ramon Azevedo
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Starboard, an AI-driven logistics solution provider, has secured $5.5M in funding led by Eclipse, with participation from Garuda Ventures and Everywhere Ventures. The investment will accelerate Starboard's mission to simplify global trade by enhancing its AI-powered platform for freight forwarders. Founded in 2024 by Sumeet T. and Junyu Yang, Starboard aims to revolutionize the logistics industry, helping SMEs optimize operations and reduce costs. The funding supports the company's growth in Toronto and ongoing AI innovation. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/eR7sehfi 🚀 #AI #Logistics #SupplyChain #Funding
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MilkStraw AI has raised $600,000 in pre-seed funding to expand across the MENA region. The funding round was led by Flat6Labs with participation from 🪽⚡️AngelSpark, Beyond Capital, and other angel investors. MilkStraw AI, founded in the US in 2024 by Jawad Shreim 🥛, focuses on automating and optimizing cloud infrastructure costs for businesses. The company plans to use the funding to grow its engineering and development teams, speed up product development, and improve customer support. Read more: https://lnkd.in/dJJe5XYB #ai #artificialintelligence #aifunding
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Vooma Raises $13 Million in Series A Vooma, a San Francisco, CA-based AI platform designed for freight brokers and carriers of all sizes, has raised $13 million in Series A funding. #AI #MultiChannelAI #BackOfficeAutomation #FreightBrokers #Logistics #SeriesA #Funding https://lnkd.in/g8xqyJhP
Vooma Raises $13 Million in Series A | The SaaS News
thesaasnews.com
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Boon, founded by Deepti Yenireddy, has raised $20.5M in combined Seed and Series A funding to revolutionize logistics with cutting-edge AI tools. Backed by Marathon and Redpoint, Boon’s platform empowers commercial fleets to double efficiency and profitability by automating repetitive workflows like fuel optimization, billing, and compliance. With 35,000 drivers and 10,000 vehicles already on the platform, Boon is making a significant impact, saving fleets up to $7-10 per truck daily and cutting billing times from 14 days to just 2. This funding will help expand capabilities and continue transforming supply chain operations sustainably. Stay ahead in the startup world! 🌟 Get a weekly digest of key happenings and insights delivered to your inbox every Monday morning. Don't miss out—subscribe now: https://lnkd.in/ezHS36SV 🚀 Source: TechCrunch #AI #Logistics #SupplyChain #Funding
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"Breaking News: Amagi's Financial Resilience Shines Through 💡 Just analyzed the latest financial report for Amagi, the SaaS unicorn that's demonstrating impressive strategic maneuvering. Their fiscal year 2024 loss declined by 24%, reducing to INR 245 crore - a testament to their operational efficiency and strategic cost management. What's particularly exciting is their recent acquisition of Argoid AI, a California-based AI-driven SaaS startup. This move signals Amagi's commitment to expanding technological capabilities and staying ahead in the competitive tech landscape. The tech world is constantly evolving, and companies like Amagi are proving that strategic investments and smart cost control can drive sustainable growth. Want deeper insights into tech industry trends? Don't miss our next analysis! Source: Inc42 https://lnkd.in/gwqgwmEp #SaaSTrends #TechInnovation #StartupFinance" Follow our newsletter for more exclusive tech insights: https://lnkd.in/guzVSwGi
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"Despite this renaissance of new hardware startups, the foundational software tooling for designing and building hardware has not kept up. The majority of tools in areas such as computer-aided design (CAD), electrical computer-aided design/electronic design automation (eCAD/EDA) and product lifecycle management (PLM) were developed in the 1980s and ‘90s without the benefit of native cloud support, collaboration or multi-party workflows." Couldn't agree more! The thread between the digital and physical world keeps getting tighter as teams look to automate data across engineering, manufacturing, and operations. "Companies that are best positioned to leverage AI in industrial applications are those with a unique data asset on which to train an LLM." - at Bild, I've seen firsthand the powerful insights teams can extract from a seemingly convoluted design and product information data set. Great read by Ajay and the BCV team!
At Bain Capital Ventures we have been actively investing in the physical world for over 20 years starting with our initial investment in Kiva Systems (now Amazon Fulfillment Technologies & Robotics). Today we are on the verge of an Industrial Renaissance driven by a confluence of new AI technologies, a massive need to upgrade and reinvest in our core infrastructure, and an influx of world class talent interested in innovating in the physical world. My colleagues at Bain Capital Ventures along with Zeeza Cole and myself are excited to launch BCV's Industrial Renaissance practice that builds upon our historical successes with scaled companies such as Kiva, ShipBob, MaintainX, Vention, FourKites, Inc. and dozens of emerging seed and Series A companies. In a new feature from me and Zeeza Cole, we share our insights from twenty years of investing in this space along with a summary of new opportunities ahead of us. Read more about the Industrial Renaissance here: https://lnkd.in/e2fnvtqT
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Parloa secures $66 million to boost expansion in the US market #Parloa, a leading conversational AI platform known for its innovative customer service solutions, has successfully raised $66 million in a Series B funding round. This substantial investment is poised to accelerate Parloa's expansion, particularly in the U.S. market, where the company has recently established a significant presence. Parloa, founded by Stefan Ostwald and CEO Malte Kosub in 2018, has made significant strides in the AI-driven customer service sector. Kosub, emphasizing a voice-first strategy, highlights Parloa's success in making AI-based voice conversations remarkably human-like, setting the platform apart in the industry. The latest funding round was led by Altimeter Capital, a U.S.-based venture capital firm known for its investments in major tech companies like Uber, Airbnb, and Snowflake. Alongside Altimeter, existing investors including EQT Ventures, Newion, Senovo, Mosaic Ventures, and La Familia Growth also participated, bringing the total capital raised to $98 million to date. With this new funding, Parloa is set to deepen its market penetration in the U.S., building on its recent achievements which include significant client acquisitions such as Fortune 200 companies. The company's U.S. office, opened last year in New York, has been instrumental in securing these high-profile clients. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W - Substack: https://lnkd.in/dzfGJzmW
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Vapi has raised $20M in funding, led by Bessemer Venture Partners, with participation from Abstract, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. VAPI is a leading platform designed to scale voice AI agents globally. Currently, manages millions of calls every month for customers around the world. Nikhil Gupta Jordan Dearsley
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Thank you, Superangel team. We're all thrilled to have you involved. We'll need to dig out some photos from those Palo Alto days!