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AI startup roundup: Workforce coaching, autonomous machining
by Deborah Yao
Also – NFT marketplace, supply chain platform for SMEs
Every week, AI Business brings you the latest startup news.
From funding rounds to acquisitions, and product launches to partnerships, AI Business covers all things artificial intelligence.
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Startup: CoachHub, a global talent development platform that enables organizations to create personalized, measurable and scalable coaching programs for employees of all levels. It works with brands including Coca-Cola, Toyota, Credit Suisse and Twitter.
Latest funding: $200 million, series C
Lead investors: SoftBank Vision Fund 2, Sofina
Other investors: Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital and Silicon Valley Bank/SVB Capital
Funding plans: Further scale innovation and accelerate global expansion
Startup: CloudNC, provider of advanced software that enable factories to autonomously manufacture precision parts
Latest funding: $45 million, series B
Lead investors: Autodesk
Other investors: Lockheed Martin, British Patient Capital, Atomico, Episode 1 Ventures, QVentures
Funding plans: Further develop CloudNC’s AI manufacturing technology
Startup: Magic Eden, an NFT marketplace that reportedly is responsible for 92% of all Solana-based NFT volume
Latest funding: $130 million, series B
Lead investors: Greylock Partners, Electric Capital
Other investors: Sequoia Capital, Lightspeed Venture Partners, Paradigm
Funding plans: Expand its primary and secondary marketplaces, explore multichain opportunities beyond the Solana blockchain and for product improvement
Startup: Opply, an automated B2B supply chain platform that connects small- and medium-size food and beverage companies with ingredients suppliers
Latest funding: $4 million, seed funding
Lead investors: Chalfen Ventures, Anthemis Group
Other investors: Angel investors from GoCardless, Trouva, Farewill and Jamjar
Funding plans: Build out engineering and commercial teams
Startup: fu3e, provider of an adaptive management reporting software for the real estate industry
Latest funding: $4.3 million, seed round
Lead investors: Gresham House Ventures
Funding plans: Accelerate product development, sales and marketing
In other news
TrueWealth backs women-led startups
TrueWealth Ventures, an Austin, Texas-based venture fund that backs companies led by women, has raised $35 million for its second fund. The VC firm only invests in seed-stage startups led by women who have proven to financially outperform, in high growth markets of environmental and human health and where women make the vast majority of purchasing decisions.
Their mission bucks the trend in the VC world where less than 2% of funding reportedly went to all-female founding teams in 2021.
In this new fund, TrueWealth plans to invest up to $1 million per startup compared to around $500,000 on average in its first fund.
Echobot merges with Leadfeeder
Echobot, a provider of European sales intelligence, is merging with Leadfeeder, a web visitor intelligence platform. Growth equity firm Great Hill Partners is investing $190.5 million in the merged company to help drive continued product innovation, scale go-to-market capabilities and accelerate growth. Great Hill also committed another $53 million to the combined company to pursue strategic acquisitions.
"It is our goal to be the leading sales intelligence and go-to-market platform to our core European and North American markets,” said Echobot CEO Bastian Karweg in a statement. “We are increasingly seeing organizations looking to take advantage of their own data and third-party data, and then to augment this intelligence with better, more personalized outreach.”