News & Insights
Hatch. AI Closes a $3 Million Seed Round
Hatch AI, a groundbreaking intelligence platform for nonprofits, announced a $3 million raise in seed funding, led by Differential. Read the full press announcement at the link below.
Pienso: Putting AI into the hands of people with problems to solve
MIT News: Alumni-founded Pienso has developed a user-friendly AI builder so domain experts can build solutions without writing any code.
FlowFi Closes on $9M in Seed Funding
TECHCRUNCH: FlowFi, a startup creating a marketplace of finance experts for entrepreneurs, closed on $9 million in seed funding.
Blumberg Capital led the investment and was joined by a group of investors including Parade Ventures, Differential Ventures, Precursor Ventures, Special Ventures, 14 Peaks Capital and Cooley LLP.
Retrocausal Raises $5.3M in Financing
FINSMES: Retrocausal, a Seattle, WA-based platform provider for manufacturing process management, raised $5.3M in funding.
The round was led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.
Metafold 3D Closes $2.35 Million CAD To Fuel Industrial Adoption of 3D Printing
BETAKIT: Metafold 3D, which wants to make it easier for manufacturers to design and 3D print complex parts, has secured $2.35 million CAD ($1.78 million USD) in seed funding.
Toronto-based Metafold was founded in 2020 by a group of math, geometry, and architecture experts in CEO Elissa Ross, CTO Daniel Hambleton, and COO Tom Reslinski. Born out of Hambleton’s geometry-focused consulting agency, Mesh Consultants, Metafold sells design for additive-manufacturing software to sportswear and biopharmaceutical companies.
Mona Introduces Free, Self-Service Monitoring for GPT Applications
ATLANTA and TEL AVIV, Israel, June 29, 2023 /PRNewswire/ -- Mona, the leading intelligent monitoring platform, unveils a new monitoring solution for GPT-based applications. The free, self-service offering provides businesses with granular visibility into GPT-based products and valuable insights into costs, performance, and quality.
Morgan Stanley at Work Launches Carver Edison’s Cashless Participation®
BUSINESSWIRE: Morgan Stanley at Work and Carver Edison, a financial technology company, announced today that Shareworks has joined Equity Edge Online® in offering Cashless Participation® to U.S.-based corporate clients. Since the initial launch of Cashless Participation® on Equity Edge Online®, stock plan participants have purchased more than one million shares1 with Cashless Participation®. Now that Shareworks has also launched the tool, a wider cohort of Morgan Stanley at Work corporate clients will have access.
Golioth Secures $4.6M Seed Funding to Accelerate Time-to-Market for IoT
IoTForAll: Golioth, a leading developer platform for the Industrial Internet of Things (IIoT), announced open access to a library of new reference designs for embedded engineers to accelerate their time to market, the launch of a Select Partner Program for energy and construction developers, and the completion of a $4.6M round of seed funding led by Blackhorn Ventures and Differential Ventures with participation from existing investors, Zetta Venture Partners, MongoDB Ventures and Lorimer Ventures.
PrivateAI’s PrivateGPT aims to combat ChatGPT privacy concerns
VENTURE BEAT: Data privacy provider Private AI, announced the launch of PrivateGPT, a “privacy layer” for large language models (LLMs) such as OpenAI’s ChatGPT. The new tool is designed to automatically redact sensitive information and personally identifiable information (PII) from user prompts.
Differential Ventures partners with Betaworks for AICamp: Augment
AICamp: Augment is a 3 month long accelerator program run by Betaworks, aimed at bringing together the most creative pre-seed & seed stage companies building software powered by AI to augment human activity.
Agnostiq Closes $6.1M Seed Extension Round
Quantum computing startup Agnostiq Inc. said today, April 5, 2023, it has closed on a seed funding round worth $6.1 million to help accelerate the development of its enterprise-grade quantum and high-performance computing platform.
Government of Canada invests over $14 million to create jobs and grow economy across Greater Toronto Area
While in Toronto, Minister Tassi joined representatives at an event hosted by Cognota Inc. and Mero Technologies Inc. Cognota, is a Toronto-based software company that provides AI-enabled learning applications. The company’s LearnOps platform helps customers find new ways to manage strategy, intake …
Israel’s cybersecurity startup Cyvers secures $8M Seed funding to make Web3 and crypto exchanges safer
Today, Cyvers announced it has raised $8 million in seed funding to protect against fraudulent cryptocurrency purchases before reaching the ledger. What makes this critical is that in 98% of the cases, crypto exchanges, DeFi protocols, and custodians are not alerted about the fraud until after it has been immutably registered.
Perfecting privacy: Private AI secures $8M USD in funding to expand their “Privacy Layer for Software”
Private AI’s solution gets to the root of the problem by identifying, removing, and replacing personal data with an unparalleled level of accuracy. With $8 million secured in Series A funding, they have begun expanding their operations across Europe and investing in product enhancements, such as the forthcoming self-service platform.
Demoleap raises $4.4 million to Shift the Sales Process Towards AI-guided Selling Solutions
Demoleap, the only AI-powered live demo assistant and sales discovery platform empowering sales teams, today announced the completion of their $4.4 million seed round led by Bonfire Ventures and Differential Ventures with additional participation by 25madison, Ground up, and other key angel investors.
Forbes' Next Billion Dollar Startups 2022
With markets down and tech investors skittish, it’s been a challenging year for young, venture-backed startups. These 25 represent the ones we think have the best chance of reaching a billion-dollar valuation.
The Israeli Ministry of Defense Selects Mona's Enterprise Monitoring Solution to Gain Complete Visibility into Their AI / ML Systems
Mona's intelligent monitoring solution detects anomalous behaviors in granular segments of large datasets, ensuring AI-driven processes are trustworthy and optimized
IBM Aims to Capture Growing Market Opportunity for Data Observability with Databand.ai Acquisition
ARMONK, N.Y., July 6, 2022 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today's news further …
Konnecto raises $21M in Series A financing
The startup Konnecto has developed a system that will help marketing teams understand exactly what they need to do, rather than making them guess
Cyolo raises $60 million in Series B financing
Cyolo, the Israeli creator of the original Zero Trust Network Access 2.0 solution for IT and OT, announced today the completion of a $60 million Series B round led by National Grid Partners, with participation from existing investors Glilot Capital Partners, Flint Capital, Differential Ventures, and Merlin Ventures.
Retrocausal Raises $3.4 Million
Retrocausal, a growing leader in AI-driven quality assurance systems for manufacturing professionals, today announced it has secured $3.4 Million in new funding. The round was led by Glasswing Ventures and Differential Ventures, along with major investors, Argon Ventures, Ascend Ventures Vietnam, Hypertherm
DeepSurface Security Secures $4.5 Million to Ignite Business Expansion
DeepSurface, the award-winning, automated risk analysis and prioritization company, announced that it raised $4.5 million in a seed funding round. The funding round was led by Differential Ventures, an artificial intelligence and cyber security seed venture fund. Key investors include Osage Venture Partners, Ginossar Ventures and Peninsula Ventures.
Differential Ventures Launches $60 Million Fund to Change the Way Businesses Manage Data
NEW YORK, Nov. 30, 2021 /PRNewswire/ -- Differential Ventures, a seed-stage venture capital fund founded by data scientists and entrepreneurs for data-focused entrepreneurs, is pleased to announce continued momentum after launching Fund II with a target of $60 million to invest in seed-stage data science …
Synopsys Acquires AI-Powered, Real-Time Performance Optimization Leader Concertio
To enrich its silicon lifecycle management solution with real-time, in-field optimization technologies, Synopsys, Inc. (NASDAQ: SNPS) today announced that it has acquired Concertio Inc., the leading provider of AI-powered performance optimization software. The acquisition is another step in the continued enhancement of the Synopsys SiliconMAX™ Silicon Lifecycle Management (SLM) Platform.
Facebook’s Fierce Opponent is Raising $60M to Fund New Kinds of Artificial Intelligence
TIMES OF ENTREPRENEURSHIP: David Magerman first emerged on the scene, briefly, in 2017. He’d been working at a giant hedge fund, Renaissance Technologies, for more than 20 years, helping it develop trading algorithms that drove it to phenomenal success. Renaissance was said to have “solved the market.”
Ocrolus lands $80M at a $500M+ valuation to automate document processing for fintechs and banks
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Private AI Secures $3.15M Seed Financing Led by M12 and Forum Ventures
Private AI, a Toronto based developer of privacy-preserving machine learning and natural language processing tools, has secured $3.15 million in seed funding led by Microsoft’s venture fund M12 and Forum Ventures with participation of pre-seed investor Differential Ventures, new investors Shasta Ventures, Hyperplane Venture Capital, and Parliament Angels, a group of early Twilio employees.
Cyolo raises $21M for zero trust networking tech
Cyolo, a startup developing a platform that enables users to securely access their organization’s apps, servers, desktops, and files, today announced that it raised $21 million in series A funding led by Glilot Capital Partners, with a strategic investment from National Grid Partners and Merlin Cyber and support from existing backers Flint Capital, Global Founders Capital, and Differential Ventures. Cyolo says the funds will be used to accelerate growth and R&D efforts, as well as help new customers navigate the transition to zero trust networking.
Agnostiq Secures $2.5 Million CAD to Accelerate Development of Quantum Computing Software
Toronto-based software startup Agnostiq has raised a $2.4 million CAD ($2 million USD) seed round to bolster its quantum computing platform. The round, which closed in December, was led by New York’s Differential Ventures, and saw participation from Scout Ventures, Tensility Venture Partners, Boost VC, and Green Egg Ventures.
Deeplite raises $6M seed to deploy ML on edge with fewer compute resources
One of the issues with deploying a machine learning application is that it tends to be expensive and highly compute intensive. Deeplite, a startup based in Montreal, wants to change that by providing a way to reduce the overall size of the model, allowing it to run on hardware with far fewer resources.
Yotam Oren, CEO at Mona Labs, on the Future of AI Production
Atlanta Founder Yotam Oren Builds AI Monitoring for High Stakes Data Science Teams at Mona Labs
32 Women Innovators Spearheading Tech in Canada
Rebecca McDougal, VP Client Success at Synapse, has been passionate about customer service and support since the day she entered the workforce. Today, she uses that enthusiasm to help Synapse clients automate and streamline their instructional design process ensuring they have the support they need to implement and leverage their solution!
Databand Raises $14.5M Led by Accel for its Data Pipeline Observability Tools
DevOps continues to get a lot of attention as a wave of companies develop more sophisticated tools to help developers manage increasingly complex architectures and workloads. In the latest development, Databand — an AI-based observability platform for data pipelines, specifically to detect when something is going wrong with a datasource when an engineer is using a disparate set of data management tools — has closed a round of $14.5 million.
Konnecto Lands $3.5M Seed To Provide Consumer Insights
Consumer intelligence startup Konnecto is putting $3.5 million of seed funding to work to provide brands with data and insights on their customers.
Knockri Raises $3m to Reduce Hiring Bias, Improve Diversity and Help Hire Exceptional Talent
Knockri, a leading developer of artificial intelligence video-based soft-skill assessment and talent mobility solutions, today announced it has closed an oversubscribed seed round of $3 Million led by Differential Ventures with participation from Grand Ventures, MaRS IAF, BDMI – Bertelsmann Digital Media Investments, Amplify Capital and others to transform talent acquisition and increase diverse hiring.
Announcing First Batch of COVID-19 Grant Awards!
On March 29th, our team announced a $500,000 pool of funds to be awarded in $10,000 - $25,000 grants to startups that are using data science, machine learning, and artificial intelligence to find solutions for the myriad challenges created by COVID-19. Today we are thrilled to announce the second batch of awards to seven companies that have taken a leadership role in this fight.
Techstars & Differential Ventures: Unite to Fight Covid-19
Just about a week ago we announced that over 50 countries are coming together to support inventors, innovators, developers and anyone with a passion to tackle COVID-19 in their country. Today, we are proud to announce that our commitment to those innovators will live beyond Startup Weekend. The top teams will go on to receive training and financial support.
Cyolo Raises $4.2 million to Provide Boundless Secure Business Connectivity
Cyolo Raises $4.2 Million to provide boundless secure business connectivity. Cyolo securely connects onsite and remote users, to the organization's applications, servers, desktops and files, in any network or in the cloud
Concertio Raises $4.2 million to Scale AI-powered System Optimizer
Concertio, the leading provider of AI-powered performance optimization software, today announced the closing of its $4.2M Seed Round, led by Differential Ventures. The funds will be used to scale operations of its AIOps Optimizer platform and to further the company’s technology lead in dynamic, continuous, and static optimization.
COVID-19 Grant Program
Some of the most impactful relationships are formed between entrepreneurs who can help one another avoid missteps and identify blindspots without the pressures associated with investor relationship or personal ties. For this reason, we have partnered with fellow VCs to launch the private network of startup founders called 'Off the Record’.
Off The Record - Going Public
Some of the most impactful relationships are formed between entrepreneurs who can help one another avoid missteps and identify blindspots without the pressures associated with investor relationship or personal ties. For this reason, we have partnered with fellow VCs to launch the private network of startup founders called 'Off the Record’.
David Magerman Interview on 'Bank On It' Podcast
Differential partner, David Magerman, talks AI, data privacy and VC investing with John Siracusa.
Ocrolus Named 30th Fastest Growing Private Company in the US and #1 Fastest Growing Software Company in New York by Inc. Magazine
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Ocrolus Closes $24 million Series B led by Oak HC/FT
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT.
Synapse Closes $2.5 million Seed Round
Synapse, a provider of technology for the Learning and Development market announced today that it closed a US$2.5 million seed financing to fuel growth of its Learning Design System.
Ocrolus Raises $4 million Series A
Ocrolus, the emerging leader in analyzing financial documents, today at the LendIt Fintech USA Conference, announced a $4 million Series A investment led by Bullpen Capital with participation from QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures.
The 'Future of Data' and how to fix the internet
In the hedge fund world and in the drama surrounding Cambridge Analytica’s harvesting of personal data, as well as Facebook’s year-long fall from grace, there have been few voices of conscience. David Magerman is one of them.
David Magerman joins Differential Ventures as Managing Partner
NEW YORK, Nov. 29, 2018 /PRNewswire/ -- Seed- and early-stage venture capital firm Differential Ventures recently announced the addition of David Magerman, former research scientist and head of production at hedge fund management firm Renaissance Technologies, as managing partner. Magerman joins current managing partners Nick Adams and Alex Katz.
RenTec Partner Who Criticized Mercer Joins Venture Capital Firm
David Magerman, who left Renaissance Technologies last year in a dispute with Robert Mercer over politics, is turning his talents from trading to venture capital. He joined Differential Venture Partners as a managing partner this month.
Managing Partner David Magerman on Vice News
Magerman said the purpose of his group is educational, to promote understanding of Facebook. “If people want to be enslaved by technology because they get benefit out of it they can make that choice,” he said. “As an informed choice.”
Ocrolus Presents Underwriting Automation Solution at FinovateFall 2018
Ocrolus is a RegTech Company that uses Artificial Intelligence to automate underwriting tasks with unprecedented accuracy and confidence. The technology parses financial documents, principally bank statements, with a combination of pattern recognition, crowdsourced data verification and fraud detection. With stunning efficiency, Ocrolus delivers standardized, actionable data that is inputted directly into credit models without the need for human intervention. Ocrolus is a unique solution for transparent analysis and rigorous documentation in credit decisioning.
Nick Adams stars on ZeeTVs Investment show 'Break Through The Crowd'
On Sunday, October 14, media and entertainment mega-giant ZEE Entertainment debuted the first episode of Break Through The Crowd – a new series that will give a handful of lucky contestants a once-in-a-lifetime opportunity to turn their entrepreneurial dreams into a reality by pitching their ideas to some of the sharpest minds in business.
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