March 28, 2024

Web and Technology News

Memfault raises $24M to help companies manage their growing IoT device fleets

At the same time internet of things (IoT) devices and embedded software are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. According to Statista, the number of consumer edge-enabled IoT devices is forecast to grow to almost 6.5 billion by 2030, up from 4 billion in […]

Memfault raises $24M to help companies manage their growing IoT device fleets by Kyle Wiggers originally published on TechCrunch

Partech raises fourth seed fund

French VC firm Partech has closed another seed fund dedicated to early-stage tech startups — the fund is called Partech Entrepreneur IV. This time, Partech has raised €120 million. It represents $124 million at today’s exchange rate. In 2020, Partech raised $100 million for Partech Entrepreneur III. At the very end of 2016, Partech raised $107 […]

Partech raises fourth seed fund by Romain Dillet originally published on TechCrunch

Payroll provider Symmetrical.ai nabs $18.5M to streamline employee payouts

Symmetrical.ai, a payroll tech provider, today announced that it raised $18.5 million in financing led by Target Global with participation from Global Founders Capital, Finch Capital, Partech, Market One Capital, and Inovo. The proceeds will support Symmetrical’s expansion into new European markets and enterprise clients, CEO Piotr Smoleń told TechCrunch via email, as well as […]

Payroll provider Symmetrical.ai nabs $18.5M to streamline employee payouts

Symmetrical.ai, a payroll tech provider, today announced that it raised $18.5 million in financing led by Target Global with participation from Global Founders Capital, Finch Capital, Partech, Market One Capital, and Inovo. The proceeds will support Symmetrical’s expansion into new European markets and enterprise clients, CEO Piotr Smoleń told TechCrunch via email, as well as […]

Wale Ayeni, head of investments for IFC in Africa, Middle East and Central Asia, is leaving the firm

Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation (IFC), TechCrunch learned on Wednesday. Ayeni, who also led the firm’s venture capital efforts, more recently in the Middle East and Central Asia, is leaving after more than five years. The venture capital arm of […]

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as spreadsheets, phone calls and emails to manage their shipments. They are electronic yet manual processes that make their work very inefficient. While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would […]