Weekly Tech Pulse
Chainguard lands $280M, David Sacks’ Craft leads $42 million Series A, Fintech Bull raises US$1.8M, Hyphen AI raises $5M & more!
US & International Startup & Tech News
Chainguard lands $280M to help scale cybersecurity startup’s open-source software protections
Chainguard, a cybersecurity startup focused on securing open-source software supply chains, has raised $280 million in new funding.
The investment will help the company expand its security platform that provides verified, hardened container images to enterprises.
The round values the Seattle-area company at over $1 billion and includes participation from major investors looking to address growing concerns about software supply chain vulnerabilities.
Source: Geekwire
David Sacks’ Craft leads $42 million Series A in govtech startup Starbridge
Govtech startup Starbridge has raised $42 million in a Series A round led by Craft Ventures, the firm co-founded by David Sacks.
The company is building technology to modernize government procurement and contracting processes, making it easier for agencies to work with tech vendors.
This funding will help Starbridge scale its platform and expand its presence across federal and state government customers.
Seattle startup Hyphen AI raises $5M to automate cloud deployments with generative AI
Hyphen AI, a Seattle-based startup, has raised $5 million to develop its platform that uses generative AI to automate cloud infrastructure deployments.
The company aims to simplify the complex process of setting up and managing cloud environments for developers and engineering teams.
The funding will help Hyphen AI expand its team and enhance its AI-powered automation tools.
Source: Geekwire
LATAM Startup & Tech News
Plata raises US $250K funding round while waiting to start operations as a bank
Mexican fintech Plata has raised $250,000 in a new funding round as it prepares to launch banking operations in Mexico.
The company is working through regulatory processes to obtain its banking license and plans to offer digital financial services to underserved customers.
This capital will help Plata build out its infrastructure and team while awaiting final regulatory approval to operate as a full-fledged bank.
Source: Bloomberg Linea
Fintech Bull raises US$1.8M to boost private payroll-deducted credit in Brazil
Brazilian fintech Bull has secured $1.8 million in funding to expand its payroll-deducted lending platform for private sector employees.
The company provides credit solutions that are automatically deducted from workers’ paychecks, offering lower interest rates and reduced default risk.
The investment will enable Bull to scale its operations and reach more Brazilian workers seeking accessible credit options.
Source: Latam Fintech
Mirova, Natixis affiliate, makes first Latin America investment with 12 million euros in Bright
Mirova, the impact investing arm of Natixis, has completed its first Latin American investment by putting 12 million euros into Mexican fintech Bright.
The investment marks Mirova’s entry into the region’s growing fintech sector and will help Bright expand its financial wellness platform for employees.
Bright offers tools for debt management and savings, aiming to improve financial health for workers across Mexico.
Source: Democrata
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Fascinating. It's really encouraging to see so much investment going into critical areas like supply chain security and modernizing government services. I'm curious to see how Hyphen AI's platform tackles the actual complexity of cloud deployments; generative AI is powerful, but infrastructure can be trickie.