Atomic Brew- June 2nd
Cortex Secures $35M Series B Funding to Accelerate Development and Adoption of its Internal Developer Portal
Cortex is a developer platform that helps companies build better software at scale. The company's internal developer portal (IDP) provides teams with a single place to find documentation, code, and tools. The portal also helps teams collaborate on projects and track their progress.
Cortex announced on May 31, 2023, that it had secured $35 million in Series B funding. The funding was led by IVP, with participation from Craft Ventures, Sequoia Capital, Tiger Global, and YCombinator. Cack Wilhelm, General Partner at IVP, will join the Cortex board of directors.
Cortex's IDP has been used by companies like TripAdvisor, Docker, Grammarly, Unity, and SoFi. The funding will help Cortex to reach more companies and help them build better software at scale
Hyro raises $20M to automate healthcare conversations with AI
Hyro is a conversational AI platform that helps healthcare organizations automate tasks and improve the patient experience. The company announced on May 31, 2023 that it had raised $20 million in Series B funding. The funding was led by Liberty Mutual Ventures, with participation from Macquarie Capital and Black Opal.
Hyro's platform is currently being used by healthcare organizations in the United States, Canada, and Europe. The funding will help Hyro to reach more healthcare organizations and improve the quality of care for patients.
CUR8 Raises $6.5M to Build Carbon Removal Market
CUR8 is a climate tech startup that has raised $6.5 million in pre-seed funding led by GV (Google Ventures). The company is building a market-making platform for carbon removals. This means that CUR8 will create a marketplace where companies can buy and sell carbon removal credits. Carbon removal credits are certificates that represent the removal of one ton of carbon dioxide from the atmosphere.
The goal of CUR8 is to make it easier and more affordable for companies to reduce their carbon footprints. By creating a marketplace for carbon removal credits, CUR8 will help to bring together buyers and sellers of these credits, which will drive down prices and make them more accessible to businesses of all sizes.
The funding from GV will be used to help CUR8 build out its platform and expand its team. The company plans to launch its platform in early 2024.
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Atly Launches as Reddit for Real-World Locations with $18M in Funding
Atly is a social mapping platform that allows users to discover and share places to go and things to do. The platform is powered by user-generated content, which means that users can create and edit maps, add photos and videos, and write reviews.
Atly has raised $18 million in funding from investors such as Target Global and Tal Ventures. The company plans to use the funding to expand its team, launch its platform to the public, and add new features.
Atly is similar to Reddit in that it is a platform for users to share and discuss content. However, Atly is focused on real-world locations, while Reddit is a more general-purpose platform.
Atly has the potential to be a valuable resource for people who are looking for new places to explore. The platform's user-generated content makes it a great way to find hidden gems and get recommendations from locals.
GetYourGuide Raises €181.1M to Expand and Innovate
GetYourGuide is a German travel experience marketplace that allows users to book activities and experiences in over 170 countries. The company has raised €181.1 million in a Series E funding round led by SoftBank Vision Fund 2.
The company plans to use the funding to expand its global footprint, invest in product innovation, and acquire new businesses. GetYourGuide's CEO, Johannes Reck, said that the funding will help the company "accelerate our growth and become the leading global marketplace for travel experiences."
GetYourGuide's expansion plans include opening new offices in key markets, such as the United States, China, and India. The company also plans to invest in product innovation, such as developing new ways for users to discover and book experiences.
GetYourGuide's acquisition plans include targeting businesses that offer complementary products or services, such as tour operators, activity providers, and transportation companies
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