Ransomware defense firm Mimic has stepped out of stealth mode, unveiling a substantial $27 million seed funding round led by Ballistic Ventures, with contributions from Menlo Ventures, Team8, Wing Venture Capital, and Shield Capital. “Mimic’s SaaS platform equips enterprises with early detection, deflection, and swift recovery mechanisms against ransomware assaults,” explained Derek Smith, CEO of Mimic. “Our technology enables the identification of ransomware at an earlier stage and with greater precision than traditional defenses, affording us the opportunity to deflect attacks before signifi ..read more

Aikido, the security platform tailored for developers and SMEs, has secured $17 million in Series A funding led by Singular.vc, with participation from Notion Capital and Connect Ventures. This round follows Aikido’s $5.3 million seed funding just six months ago, positioning it as the fastest capitalized startup in Belgian history. Founded by serial entrepreneur and CTO Willem Delbare, Aikido addresses the frustrations of dealing with cumbersome, outdated security tools that hinder developers’ productivity. The platform streamlines code and cloud security scanning, simplifying security measure ..read more

Getir, the Turkish “instant delivery” giant, is retreating from its international ventures, announcing the closure of operations in the U.S., the U.K., and Europe to concentrate solely on its home market. This decision follows a period of rapid expansion and aggressive investment, as the company faces challenges in the quick commerce industry. With its valuation once nearing $12 billion, Getir’s move marks the end of an ambitious expansion strategy that saw the company raise significant funding to establish itself as a market leader. The closures are expected to affect at least 6,000 jobs acro ..read more

Urban Jungle, a leading London-based insurtech startup, has announced a significant milestone with a follow-on investment of £11.2 million from its existing backers. The digital insurance provider specializes in offering tailored plans to homeowners and renters, boasting an impressive customer base of over 200,000 individuals across the UK. Utilizing cutting-edge AI technology for fraud detection, Urban Jungle aims to minimize costs for its customers by effectively mitigating the risk of fraudulent claims. This strategic approach underscores the company’s commitment to delivering fair and sust ..read more

Ceartas, a Dublin-based startup specializing in anti-piracy measures, has successfully raised $4.5 million in a Seed round, building upon its previous funding efforts in 2021. The core of Ceartas’ platform lies in its ability to de-index pirated content and issue legal notices, resulting in a substantial reduction of visibility on Google by 98%, with an impressive overall content removal rate of 99% across various search engines and other sources. Additionally, Ceartas offers advanced detection capabilities for deepfakes and other forms of unauthorized copyright infringement generated through ..read more

UK-headquartered Zing, a leading Twilio consulting partner, has secured an additional £1.25 million in funding from existing shareholders Maven Capital Partners, renowned for investments in companies like Sensoteq and Pockit. The fresh capital infusion will fuel Zing’s strategic expansion into the US market, enabling the establishment of a dedicated operating entity and the execution of its comprehensive go-to-market strategy. Zing aims to leverage Twilio’s advanced AI capabilities to enhance customer experiences and operational efficiencies for businesses across the United States. Zing has wi ..read more

Corelight‘s recent Series E funding round, led by Accel with contributions from Cisco Investments and CrowdStrike Falcon Fund, has provided them with a significant boost of $150 million. This infusion of capital is earmarked to propel Corelight’s AI-driven security innovations, bolster their cloud-native security capabilities, and further fortify their data fusion partnerships with leading cybersecurity platforms. By harnessing these resources, Corelight aims to deliver transformative capabilities for security operations center (SOC) analysts and incident response teams. The endorsement of Cor ..read more

Carbonfact, an esteemed YCombinator alumnus, has successfully raised a $15 million Series A funding round to bolster its automated carbon management software. Tailored specifically for the fashion industry, Carbonfact’s innovative platform aims to revolutionize emissions monitoring, reduction, and disclosure processes, aligning with upcoming regulatory standards such as the EU’s Corporate Sustainability Reporting Directive (CSRD). Evaluating carbon emissions within the fashion sector presents a formidable challenge, given the intricate and multi-faceted nature of supply chains. To accurately a ..read more

Arbol, a prominent climate risk solutions provider operating across 15 countries, has announced the successful closure of a $60 million Series B funding round. Co-led by Giant Ventures and Opera Tech Ventures, with participation from Mubadala Capital, this investment comes at a crucial time amidst a year marred by unprecedented climate events, underlining the urgent need for climate risk insurance solutions. In response to the escalating climate crisis, Arbol’s funding injection is poised to revolutionize climate risk insurance by advancing parametric insurance offerings. Parametric insurance ..read more

Ansa, a trailblazing fintech infrastructure solution empowering merchants to deploy branded customer wallets, has announced the successful closure of a $14 million Series A funding round. Led by Renegade Partners and joined by investors including Bain Capital Ventures, B37 Ventures, Box Group, and Wischoff Ventures, this investment underscores Ansa’s commitment to enhancing its payment solutions and bolstering merchant-customer engagement through product development and engineering initiatives. Ansa’s innovative platform enables enterprise brands to seamlessly integrate customer balances while ..read more