💰The Funding Letter #1449: June 28

Axelera AI, Odaseva, KarmaCheck, and more...

June 28, 2024

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Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a great weekend!

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Source: @overheard_sales

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🌎 Americas

Odaseva has developed a cloud-based data governance platform that delivers enterprise-class data governance, and offers data protection, enabling businesses to take full control of data, eliminate risks, and accelerate digital transformation with confidence. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $54M, Series C

Round Investors: Silver Lake Waterman (lead), F-Prime, Eight Roads, Serena Capital

🚀Growth Focus: Support further growth, including additional investment into data security and Zero Trust product offerings.

HQ: San Francisco, CA

Industry: Information Technology & Services

Employee Count: 154

🔥Open Sales Gigs: Currently Hiring (lots of roles!)

KarmaCheck’s employee verification platform uses AI and blockchain to provide real-time and actionable background checks, allowing businesses to run fast and efficient checks on their new hires and employees, achieve a fast turnaround, and increase the retention ratio. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $45M, Series B

Round Investors: Parameter Ventures (lead), PruVen Capital, Velvet Sea Ventures, GC1 Ventures

🚀Growth Focus: Accelerate the development of its proprietary technology platform, scale its service levels to more customers and candidates, and expand into new industry verticals.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 116 (⚡55% increase in last 6 months)

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