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Celus, which uses AI to automate circuit board design, raises $25.6M

TechCrunch

Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to function as a whole. Thus, the global PCB market is big business, expected to grow from a $60 billion industry in 2020 to $75 billion by 2027.

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Infermedica Raises $10 million Series A for R&D and International Expansion

Dream It

Today, the company announced a $10M Series A financing round led by the European Bank for Reconstruction and Development (EBRD) and digital health fund Heal Capital , with participation from existing investors Karma Ventures, Inovo Venture Partners, and Dreamit Ventures.

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Varjo, an early mover in building XR headsets and software for enterprises, taps $40M

TechCrunch

Applications in the metaverse often feel like more of a marketing gimmick than something that a critical mass of consumers would use, let alone pay for. To meet these expectations, both technology that is easy to use and accurate as well as high-quality software and content are needed.

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Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

TechCrunch

This way of growing users, by getting third-party brokers to use Wefox to advise their own customers, is how CEO and founder Julian Teicke reckons helped the company double its revenues to $320 million last year. “Our model enables Wefox to drive a superior financial profile which puts us on a clear path to profitability.”

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch

Ghost is coming out of stealth Tuesday with its approach to excess inventory with a marketplace approach that enables brands and retailers to buy, sell and price that inventory in a discreet, efficient and sustainable way. Meanwhile, Rebecca Kaden, general partner, Union Square Ventures, is joining the company’s board.

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Exotel raises $40 million for its full-stack customer engagement platform

TechCrunch

Exotel, which counts Blume Ventures and IIFL Asset Management among its backers, has raised about $100 million in a mix of debt and equity rounds in the last 12 months. Indian ride-hailing giant Ola uses Exotel’s platform to send text messages to its customers. Steadview Capital led the startup’s Series D round.

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Build.security raises $6M for its authorization policy management platform

TechCrunch

Build.security, a Tel Aviv and Sunnyvale-based startup that aims to make it easier for developers to bake authorization policy management right into their applications, today announced a $6 million seed funding round led by cybersecurity-centric firm YL Ventures. The company offers its service both as a cloud service and on-premises solution.

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