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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

The Series B round was led by Accel, Citius and Tiger Global, with participation from existing investors AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital India. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025. The company declined to disclose its post-money valuation.

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Iron Pillar and Uncorrelated Ventures led the round, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. This, along with the platform’s emphasis on no-code capabilities, differentiates Pando from incumbents like SAP, Oracle, Blue Yonder and E2Open, Jayakrishnan asserts.

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Akeyless secures a cash infusion to help companies manage their passwords, certificates and keys

TechCrunch

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. million in debt — led by NGP Capital with participation from Team8 Capital and Jerusalem Venture Partners. billion by 2025. billion in 2020.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. billion by 2025. As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.

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Galileo emerges from stealth to streamline AI model development

TechCrunch

The market for MLOps services could reach $4 billion by 2025, by one estimation , and includes startups like Databricks, DataRobot, Algorithmia and incumbents like Google Cloud and Amazon Web Services. million in total venture capital. “The user only has to add a few lines of code.”

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.