Funding Watch – 20/05/2020
Here at Talent Ticker, we’re all about removing some of the stress from recruiters’ lives. With everyone on lockdown and companies battening down the hatches, a recruiter’s job is harder than ever at the moment. That’s why we’ve collected the largest funding rounds from the last week which you may have missed into one list, to help make finding your next deal that little bit easier.
DispatchTrack, a San Jose, California-based logistics software firm, has raised $144m in its first-ever round of financing. With additional offices in Charlotte, North Carolina and Hyderabad, DispatchTrack also has staff in more regional locations.
DispatchTrack has earmarked its funding both for product research and development, and business and geographic expansion. With only 50 staff and three official bases, the $144m round gives the firm a lot of wiggle room for growth – and you could be making the placements as it does.
New York-based contract management software firm SirionLabs has raised $44m in a Series C round led by Tiger Global and Avatar Growth Capital. With additional offices in Singapore and Gurugram, SirionLabs’ main product automates complex procedures across governance disciplines for post-signature contract management.
SirionLabs plans to use some of this funding to support increasing demand from customers, with the start-up seeing a four-times growth in clients in the last 18 months. The firm has also stated plans to open a new artificial intelligence research lab in Washington state. Building a relationship now could see you making placements across SirionLabs’ growing teams.
Herndon, Virginia-based cyber security firm Expel has raised $50m in its latest round of funding, led by CapitalG. The company offers Security Operations Center (SOC)-as-a-Service, providing clients with continuous managed detection and response for cloud, hybrid and on-site environments.
Expel has stated it will use the new funding to grow its sales and marketing teams, invest in its cloud security offerings, and explore opportunities for international growth. With an openness to remote working, Expel could become your best client throughout the lockdown.
Cloud-based application deployment platform DigitalOcean has raised $50m in Series C funding, led by Access Industries. Based in New York, DigitalOcean also has an office in Cambridge, Massachusetts.
Similarly to SirionLabs, DigitalOcean has stated that some of the funding will go towards better supporting clients as it sees increased demand caused by COVID-19, as well as positioning the company for profitability and going public. Following a $320m debt financing in February, DigitalOcean’s latest funding round brings the company into unicorn territory with an equity valuation of $1.15bn.
In the last of our funding rounds this week, enterprise identity management software firm Semperis has raised $40m in Series B funding. Based in New York, Semperis also has research and development teams in San Francisco and Tel Aviv.
Having reached profitability in the last six months, Semperis has stated that, while its latest round of funding wasn’t necessary to continue operations, it wishes to accelerate its expansion. With plans for global expansion and hiring across all functions and teams, Semperis could become a recruiter’s best friend through COVID-19.
Looking for more companies to reach out to? Let us save you time. You can find even more daily leads on Talent Ticker to help you through the COVID-19 drought. Make sure to set up notifications for saved searches in your area, so you never miss a lead.
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