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Singapore’s Sunrate Receives Investment from Prosperity7 Ventures and SoftBank Ventures Asia in Series D-1 Funding

AsiaTechDaily

The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Paul Meng, the co-founder of Sunrate, expressed his appreciation for the investments made by new and existing prestigious investors.

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Data observability platform Acceldata raises $50M

TechCrunch

“This not only supports analytics initiatives but also maximizes business value. “Even in the current economic environment, investment in data continues to grow and our platform addresses the ongoing challenges experienced by data practitioners,” Choudhary noted.

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Dan Teran shares Gutter Capital’s challenge of closing its first fund

TechCrunch

Gutter Capital , a New York venture capital firm, closed on $25 million in capital commitments for its first fund to invest in pre-seed and seed stage companies focused on affordability, economic mobility and climate change. They also had to prove that they could translate their angel investing experience into leading rounds. “It’s

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Three Learnings for Startups after Big Tech’s Q3 Earnings Beatdown

Entrepreneur's Handbook

What about post-sales support to keep customers satisfied? Recurring revenue is key Big Tech isn’t as safe as an investment as we thought, especially those more dependent on transactionally derived revenue, such as advertising. How much will you need to spend on SEO? How many SDRs does this forecast assume you have to hire?

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Truework, which helps lenders verify borrowers’ income and employment, raises $50M

TechCrunch

The company also supports background checks for employers and staffing companies seeking to verify potential new hires. And the current economic environment, it seems, is playing more than a bit-part in this trend. Truework estimates that it will power in excess of 12 million income and employment verifications this year.

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Why Checkout??.com lowered its internal valuation

TechCrunch

Unlike Klarna’s down round , the new valuation wasn’t determined by a VC firm willing to invest in the company. It supports card payments, Apple Pay, Google Pay, PayPal, Alipay, bank transfers, SEPA direct debits and it also lets you issue payouts. It could mean that some VC firms overpaid to invest in the fintech startup.

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

The Information reported in late August that Arctic Wolf was in talks to raise $300 million, making this round a decided success in a punishing macroeconomic environment. “In a turbulent economic environment, security will remain a top priority for companies. .