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Planck, the insurance data analytics platform, raises $20M growth round

Planck co-founders (from left to right): David Schapiro, CEO Elad Tsur and CTO Amir Cohen Planck, the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. The funding came from 3L Capital and Greenfield Partners, along with returning investors Team8, Viola Fintech, […]

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India offers $2.46B incentive to boost domestic production of batteries

India’s cabinet on Wednesday approved Department of Heavy Industry’s proposal to provide incentives to boost domestic production of batteries with advanced energy storage, the latest in a series of efforts by New Delhi to make the world’s second largest internet market less reliant on other nations for various electronics goods […]

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Ahead of Dell’s spin out, VMware appoints longtime exec Raghu Raghuram as its new CEO

Five months after it was announced that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed a permanent successor. Raghu Raghuram — a longtime employee of the company — has been appointed the new CEO. He […]

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Cisco to acquire Indy startup Socio to bring hybrid events to Webex

Cisco announced this morning that it intends to acquire Indianapolis-based startup Socio, which helps plan hybrid in-person and virtual events. The two companies did not share the purchase price. Socio provides a missing hybrid event management component for the company to add to its Webex platform. The goal appears to […]

Fiveable makes first acquisition: A virtual study tool built by a 16-year-old

Fiveable, an online learning community for high school students, made its first-ever acquisition earlier this week: Hours, a virtual study platform built by a 16-year-old. The terms of the deal were not disclosed. Fiveable is a free, online learning community for high school students with the focus of helping them […]

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Elderly caretech platform Birdie gets $11.5M Series A led by Index

SaaS-maker Birdie has closed an $11.5 million Series A round of funding led by Index Ventures. Existing investor Kamet Ventures also participated. The UK-based caretech startup has raised a total of $22.9M since being founded back in 2017 (a 2018 raise that was called a Series A at the time […]

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Cybersecurity startup Panaseer raises $26.5M Series B led by AllegisCyber Capital

Panaseer, which takes a data science approach to cybersecurity, has raised $26.5 million in a Series B funding led by AllegisCyber Capital. Existing investors, including Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments and Paladin Capital Group, as well as new investor National Grid Partners, also participated. Panaseer has now […]