Paul Sawers / VentureBeat reports that Templafy raised $50M in a Series B round of funding from Sequoia Capital. In addition, Beekeeper and Cresta raised $50 million in a Series C round of funding. The company plans to use the cash to expand its platform, and the money will help them grow their business.
Paul Sawers / VentureBeat: Templafy raises $50M in Series B led by Sequoia Capital
Templafy, a cloud-based workplace management software company, has raised $50M in Series B funding from Sequoia Capital. The company provides a range of services for organizations, including customer service mentoring using artificial intelligence.
The company is based in New York, Copenhagen, Berlin and Eindhoven, with offices across the world. The Templafy team comprises of over 40 nationalities and serves customers in more than 150 countries. The company is a member of the Software as a Service (SaaS) market and has attracted a diverse range of corporate customers across different industries.
The company is a leader in cloud-based enterprise software. Blue Cloud Ventures is a venture capital fund that focuses on SaaS companies that improve the lives of consumers. The investment firm’s portfolio consists of over 40 companies and focuses on building long-term partnerships with its portfolio companies. For instance, 75% of its portfolio companies have long-term partnerships with American Express.
Another successful FinTech company is Stash, which provides a single solution for personal finance with advice and education. It raised a $65M funding round led by Sequoia Capital in June 2017. It is also partnering with Cross River Bank, a bank that provides banking solutions to FinTech companies. The company is currently working toward an IPO in 2021. The company has also secured $52M in Series C funding led by V Capital. It has also signed a partnership with Mitsui Sumitomo Insurance.
Templafy’s founders, Mikkel and Morten (CTO and CPO), and Alexander (COO) originally tried to raise money in Europe, but were met with rejection by investors in the US. This led the founders to relocate to Boston and San Francisco.
Beekeeper raises $50 million in Series C round of funding
A frontline security management software company, Beekeeper, has raised $50 million in a Series C round of funding. The new funding will help Beekeeper scale its Frontline Success System and develop new features such as an internal referral tool, mobile security management solution, and an automated onboarding process. The company is now backed by EGS Beteiligungen AG, Keen Ventures, and Verve Capital.
Beekeeper’s technology connects companies with frontline employees. A lack of connection between companies and frontline workers leads to high costs and absenteeism. The Beekeeper app helps companies connect with their workforce and helps them manage their day-to-day tasks. This funding round is indicative of the growing need for a modern solution to the modern work environment.
The company, based in Zurich, Switzerland, provides a mobile platform for frontline employees to communicate and collaborate with colleagues. Beekeeper’s platform enables businesses to automate manual processes and improve business operations. The company’s mobile platforms allow employees to be on the go, and it is used by over 150 companies globally.
Beekeeper has now raised $50 million in Series C funding, bringing its total funding to more than $100 million. The money will be used to expand Beekeeper’s platform and to meet the growing demands of its customers. The company’s team has expanded to more than 200 people and continues to hire new employees.
Beekeeper connects companies and employees using an all-in-one messaging and scheduling platform. The platform enables companies to automate manual processes, communicate with employees in real time, and improve their security and productivity. The company works with companies in 150 countries, including the US and Europe. Beekeeper also provides data analytics. Its software connects people, processes, and information, helping companies improve their productivity and boost their bottom lines.
The company’s growth plans include a public listing in the near future. The money will also be used to prepare for an IPO or acquisition. Beekeeper was founded in 2001 and is headquartered in Zurich, Switzerland. It was initially backed by Fin Capital.
Cresta raises $50 million in Series B led by Sequoia Capital
Cresta, a cloud contact center software provider, has announced the successful close of a $50 million Series B round led by Sequoia Capital. Founded in Dec 2014, Cresta has amassed a stellar client list, including Adobe, Intuit, and Dropbox. Its newest product, Cresta for Voice, is aimed at contact centers and call-based sales teams. It is compatible with Amazon Connect cloud contact service platform, making it easy for enterprises to track, monitor, and reallocate customer service operations.
The company’s technology enables customer service agents to handle calls by delivering personalized, in-the-moment AI mentorship. With the new funding, Cresta will continue to expand its Expertise Engine and continue to provide real-time AI support for customer service agents.
The company’s mission is to make customer service agents more effective, and the $50 million round will help it build its AI mentoring system. The company’s executives include Sebastian Thrun, John Donovan, and Carl Eschenbach.
Cresta targets large enterprise companies. Its current clients include Porsche, Cox Communications, and Verizon. The startup’s revenue is projected to triple in the next few years and is already in the double digits. This increase is mainly driven by existing customers who are signing five or six-figure deals to test the software.
Another enterprise email security company, Tessian, raised $65 million in a series C round led by Lightspeed Venture Partners. Its products include a browser-based IDE for cross-platform collaboration coding. With the investment, it is valued at $1.7 billion.