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The Briefing: Claroty Clears Huge $400M Series E, Tipalti Reaches $8.3B Valuation, and More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Claroty clears huge $400M Series E

New York-based cybersecurity company Claroty closed a $400 million Series E co-led by new investor SoftBank Vision Fund 2, as well as existing investors Bessemer Venture Partners and Schneider Electric. The company had just raised a $140 million Series D in June.

In addition to the new funding, the company—which provides industrial, health care and IoT security—also announced an agreement to acquire Medigate, a health care IoT security company.

The recently signed $1.2 trillion U.S. infrastructure bill designates about $2 billion to cybersecurity, with a portion of that directed to securing critical infrastructure like water and energy, operational technology (OT) and industrial control security—something that could benefit companies, like Claroty, specializing in OT security.

Claroty has now raised a total of $635 million since being founded in 2015.

— Chris Metinko

Tipalti raised $270M valued at $8.3B

Silicon Valley-based Tipalti, a payment automation platform, has raised a $270 million Series F funding led by G Squared. The funding gives Tipalti, which helps global companies streamline payment and procurement processes, a valuation of $8.3 billion. Marshall WaceCounterpoint Global from Morgan Stanley, as well as existing investors Zeev Ventures, Durable Capital Partners and 01 Advisors, amongst others, participated in the funding. 

The company has raised over $550 million since its founding in 2010. It was last valued at $2 billion in a $150 million round led by Durable Capital Partners in October 2020. 

— Gené Teare

French fintech Lydia lands $100M

Paris-based Lydia, a consumer financial app that offers peer-to-peer payments, Visa cards, trading and other services, reportedly raised $100 million in a Series C round that sets a valuation of more than $1 billion. Backers in the round include Dragoneer, Echo Street, Tencent and Accel.

— Joanna Glasner

Twilio launches new $50M fund

San Francisco-based cloud communications company Twilio has launched Twilio Ventures, a new $50 million fund to invest in next-generation customer engagement and experience companies. The new fund will mainly invest in early-stage companies with “opportunistic investments” in late-stage companies, Twilio said in a release.

— Chris Metinko

Funding rounds

Afero raises $50M for IoT security: Silicon Valley-based Afero, provider of a secure connectivity platform for IoT devices, raised $50 million in a Series C funding round led by Crosspoint Capital Partners. The Home Depot also participated in the round.

— Joanna Glasner

M&A

OneTrust acquires Planetly: Enterprise software provider OneTrust announced it has acquired Berlin-based Planetly, a provider of software that helps companies calculate and reduce their carbon footprints, for an undisclosed sum. Founded in 2019, Planetly previously raised $5.7 million in known venture funding in 2020, along with a round of undisclosed size earlier this year, per Crunchbase data.

— Joanna Glasner

Rapyd to acquire Neat: London-based Rapyd, an online payment solutions company, announced its intention to acquire Hong Kong-based Neat, subject to regulatory approval. Neat is a service for SMBs to establish a company and manage payments, employee credit cards and more. Terms of the deal were not disclosed. 

— Gené Teare

Illustration: Dom Guzman

Original Post: news.crunchbase.com

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LG HOME APPLIANCE FACTORY in UNITED STATES LATEST to RECEIVE PRESTIGIOUS ‘LIGHTHOUSE’ STATUS

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LG Electronics Tennessee Plant is Selected as Industry’s First U.S. Home Appliance Lighthouse Factory by World Economic Forum SEOUL, South Korea, Jan. 16, 2023 /PRNewswire/ — LG Electronics'(LG) home appliance manufacturing plant in the United States has been selected as a world-leading…

Original Post: prnewswire.com

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MP CM Shivraj Singh Bats for Decision to Conduct Medical, Engineering Education in Hindi

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Dhar (Madhya Pradesh) [India], January 16 (ANI): Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Sunday said that English has no connection with intellect, so it was decided that medical and engineering education will be done in Hindi in Madhya Pradesh.
While addressing a public gathering here, MP Chief Minister said, “English has no connection with intellect. So I decided that medical and engineering education wil

Article: bignewsnetwork.com

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Indian Entrepreneurs Set to Launch Neobank in Southeast Asia

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By Lee Kah WhyeSingapore, January 16 (ANI): Inypay, a Singapore-based neobank announced that it will be launching in the second quarter of this year. It is planning to raise its seed funding round in the coming months after a successful pre-seed round of USD 1 million in September 2022.
The soon-to-be-launched digital bank’s key focus will be micro-lending, remittances, domestic payments, e-wallets, personalised and commu

Original Article: bignewsnetwork.com

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