HomeSaaS Weekly RoundupSaaS Weekly Roundup #24 – SaaS Funding Highlights for Vellum, Castellum.AI and...

SaaS Weekly Roundup #24 – SaaS Funding Highlights for Vellum, Castellum.AI and More.

The SaaS Weekend Report delivers the present-day industry news through its coverage of SaaS investment rounds together with other essential SaaS news. The SaaS Weekly Roundup highlights how software-as-a-service entities gain fresh investments to develop innovative cloud tools that will define the future of this sector.

Latest SaaS Weekly Roundup Funding News

Here we provide some SaaS Weekly Roundup Funding News List.

Product Name Category Funding Type Funding Amount
Vellum AI Enterprise Development Platform Series A $20 million
Castellum.AI Compliance Technology Series A $8.5 million
Parspec AI Construction Supply Chain Series A $20 million
Sundial AI Analytics Platform Series A $23 million
Acorn AI Learning & Performance Platform Series A $12.3 million
AirGarage Parking Management Platform Series B $23 million
Arteria Technologies SaaS & Embedded Finance (Supply Chain) Series B ₹100 crore (~$12M)
ServiceUp Vehicle Repair Management Series B $55 million
Moment Fixed-Income Automation Series B $36 million
Supply Wisdom AI Risk Intelligence SaaS Series B $14 million
Spacelift Infrastructure Orchestration Series C $51 million
MaintainX Maintenance & Asset Management Series D $150 million
Knox FedRAMP-as-a-Service Seed $6.5 million
Rekaz SaaS for Service-Based Businesses (MENA) Seed $5 million
Ryft Cloud Data Management Seed $8 million
LeoMed Digital Health Communication Platform Seed $2.75 million
Rivr In-Media Search & Content Discovery Seed $3.6M CAD (~$2.5M USD)
Cariqa EV Charging Payments & Pricing Seed €4 million (~$4.3M)

Vellum Secures $20 Million in Series A Funding

Vellum

 

Vellum is a New York based enterprise development platform that assists companies to construct, experiment and release essential AI products. It aims to automate the AI tools development and validation procedures. Not so long ago, Vellum raised 20 million dollars of Series A funding. This investment will drive its vision of providing potent and scalable AI commercial solutions to businesses.

Castellum.AI Secures $8.5 Million in Series A Funding

Castellum.AI

Castellum.AI is a New York based compliance technology company that specializes in the automation of global watchlist and sanctions screening of businesses. The platform assists organizations to remain compliant through the streamlining of risk and compliance checks. It has achieved an $8.5 million Series A investment to increase its capacity. This capital will help in the development of new products and expand internationally.

Parspec Secures $20 Million in Series A Funding

PARSPEC

Parspec, based in San Mateo, California, offers an AI-powered software platform tailored for the construction supply chain. It helps suppliers streamline quoting and pricing with automation and intelligence. The company has raised $20 million in Series A funding, bringing its total funding to $31 million. This round will support further product development and market expansion.

Sundial Secures $23 Million in Series A Funding

Sundial

Sundial, an AI-powered analytics platform based in San Francisco, has secured $23 million in Series A funding. The platform helps businesses analyze complex data faster and more effectively using artificial intelligence. This funding will support product development and team expansion. Sundial aims to bring advanced analytics to more enterprises across industries.

Acorn Secures $12.3 Million in Series A Funding

Acorn

Acorn, an AI-powered performance and learning management platform from Australia, has raised $12.3 million USD in Series A funding. The platform helps organizations improve employee learning, development, and performance. With this funding, Acorn plans to expand its global reach and enhance its AI capabilities. The goal is to support better workforce training and productivity at scale.

AirGarage Secures $23 Million in Series B Funding

Airgarage

AirGarage, a San Francisco-based parking management company, has secured $23 million in Series B funding. The company offers a modern platform to streamline parking operations for property owners and operators. With this new capital, AirGarage aims to expand its services and enhance its technology. The goal is to make parking more efficient and profitable across urban areas.

Arteria Technologies Secures ₹100 Crore in Series B Funding

ARTERIA

Arteria Technologies, based in Bengaluru, India, has raised ₹100 crore in Series B funding. The company provides SaaS solutions and embedded finance tools tailored for supply chain operations. This funding will help Arteria expand its platform and reach more enterprise clients. The investment highlights growing interest in digitalizing supply chain and financial workflows.

ServiceUp Raises $55 Million in Series B  Funding

ServiceUp

ServiceUp, based in Los Gatos, California, has raised $55 million in Series B funding to expand its vehicle repair management platform. The company offers an all-in-one tech solution that simplifies and automates the repair process for consumers and businesses. With this funding, ServiceUp plans to scale operations and enhance its technology. The investment signals strong demand for digital solutions in the auto repair industry.

Moment Secures $36 Million in Series B Funding

Moment

Moment, a New York-based startup working on automating trading and portfolio management processes to fixed-income teams, has raised $36 million in Series B funding. The system automates the work of asset managers and, in this way, makes it more efficient and informed. The additional capital will be used to push products toward expansion and scaling. The capital investment points at the sheer necessity of automation in the fixed-income investment management.

Supply Wisdom Secures $14 Million in Series B Funding

Supply Wisdom

New York-based AI-based risk intelligence SaaS platform Supply Wisdom has completed a $14 million series B round. The platform assists organizations in real-time tracking and management of third party and supply chain risks. It will spend this money to increase its presence internationally and the innovation of its products. The investment reflects a rise in demand of automated and active risk management solutions.

Spacelift Secures $51 Million in Series C Funding

Spacelift

Spacelift, based in Redwood City, California, has secured $51 million in Series C funding to further its infrastructure orchestration platform. The company helps teams manage and automate their cloud infrastructure deployments efficiently. This new funding will support product development and global expansion. Spacelift is gaining traction as demand grows for reliable DevOps and IaC (Infrastructure as Code) tools.

MaintainX Secures $150 Million in Series D Funding

Maintainx

MaintainX, a San Francisco-based maintenance and asset management platform, has raised $150 million in Series D funding, pushing its total funding to $254 million. The latest round brings the company’s valuation to $2.5 billion. MaintainX helps businesses streamline operations, track assets, and improve team productivity. The funding will support its growth and expansion into new markets.

Knox Secures $6.5 Million in Seed Round Funding

KNOX

Knox, a New York-based provider of FedRAMP-as-a-Service solutions, has secured $6.5 million in seed funding. The platform simplifies and accelerates the FedRAMP authorization process for SaaS companies targeting government contracts. With this funding, Knox plans to expand its services and customer base. The investment highlights growing demand for secure, compliant cloud offerings in the public sector.

Rekaz Raises $5 Million in Seed Round Funding

Rekaz

Rekaz, a Saudi Arabia-based SaaS platform catering to service-based businesses in the MENA region, has raised $5 million in seed funding. The platform helps streamline operations and improve customer service for SMEs. With the new funding, Rekaz aims to enhance its product and expand regionally. This reflects growing investor confidence in digital solutions across the Middle East.

Ryft Secures $8 Million in Seed Round Funding

Ryft

Ryft, a Tel Aviv-based cloud data management platform, has emerged from stealth mode with $8 million in seed funding. The company offers advanced tools to simplify and secure cloud data operations for modern enterprises. This funding will help Ryft scale its technology and expand market reach.

LeoMed Secures $2.75 Million in Seed Round Funding

Leomed

LeoMed, a health tech startup based in Montreal, Canada, has raised $2.75 million in seed funding, bringing its total funding to $5 million. The company offers a platform that streamlines digital communication between healthcare providers and patients. With this funding, LeoMed aims to enhance its platform’s features and expand its user base. The investment reflects growing demand for secure and efficient digital health solutions.

Rivr Secures $3.6M CAD in Seed Funding  

Rivr

Rivr, an AI-powered in-media search and content discovery platform based in Montreal, Canada, has raised $3.6 million CAD ($2.5 million USD) in seed funding. The platform helps video creators and brands easily find and reuse content across vast media libraries. This investment will support Rivr’s growth and product development efforts. It highlights the rising need for smarter content management tools in the video production space.

Cariqa Secures €4 Million in Seed Round Funding

Cariqa

Cariqa, a Berlin-based payments and pricing platform tailored for electric vehicle (EV) charging, has secured €4 million in seed funding. The platform aims to simplify and optimize transactions across EV charging networks. This funding will support Cariqa’s expansion and technology development. It reflects growing demand for efficient EV infrastructure solutions across Europe.

Read More: SaaS Weekly Roundup #23 – SaaS Funding Highlights for Tandem Health, Remark and More.

Lakshmi
Lakshmihttps://appszeal.com
Lakshmi a content writer with a background in engineering combines technical expertise with creative writing skills to produce engaging and informative content on topics related to engineering principles, and softwares. Her unique blend of knowledge allows her to translate complex technical concepts into accessible content for various audiences.
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