Bessemer Venture Partners
Canvas Category Consultancy : Company : Venture Capital
Bessemer Venture Partners was born from innovations in steel that literally forged modern building and manufacturing. Today, our team partners with audacious entrepreneurs building enduring companies.
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Voxel51 Raises $30M Series B Funding to Make Visual AI a Reality
Voxel51, the leader in visual AI, announced that it has closed a $30M Series B funding round. The round was led by Bessemer Venture Partners, with participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures. Voxel51 will use this funding to scale up its go-to-market organization, expand its community, invest in AI research and accelerate its roadmap to meet the growing market demand for solutions that unlock the value of visual AI.
Voxel51 offers the antidote to those headaches, transforming the way that AI engineers and teams build visual AI. Voxel51 provides the leading refinery for data and models, where AI builders can simplify and automate their workflows to explore, visualize, curate and test datasets and put them to use to build models and applications. Tens of thousands of AI builders rely on Voxel51’s open source FiftyOne and enterprise FiftyOne Teams offerings to build production-ready visual AI that is dramatically more accurate and robust, improving team productivity by up to 50% and model accuracy by up to 30%. Innovative organizations including LG Electronics, Berkshire Grey, Precision Planting, RIOS Intelligent Machines and Forsight use Voxel51 solutions to help them build innovative visual AI solutions that improve product quality, ensure safety and increase efficiency.
TurbineOne Raises $15M in Series-A Funding Round
TurbineOne Inc., a leader in government Machine Learning (ML) that is simple-to-use and edge-first, announced today it raised $15 million in its Series-A funding round. The round is led by Bessemer Venture Partners with participation from previous investors The General Partnership and XYZ Ventures. Pallas Ventures, a national security focused investment firm, also joined this round.
The venture funding will be used to accelerate its rapidly growing business in national security markets as the Defense Department adopts ML solutions to sort through the fog and friction of the modern battlefield. While today’s warfighters are overwhelmed with processing data from diverse hardware and sensors, TurbineOne’s Frontline Perception System (FPS) cuts through the noise to quickly unlock data insights by automating threat recognition and cueing alerts for decision-makers using cutting-edge ML. The software refines raw data feeds through user-friendly software that warfighters can operate themselves, including in battlefield conditions where connectivity, bandwidth, and access to the cloud is hazardous and limited.
Fulcrum raises $18M to fuel the future of manufacturing
Fulcrum, cloud software for manufacturers, closed an $18 million Series A2 funding round led by Bessemer Venture Partners, bringing total funding raised to date to $39.9 million. The new capital will be used to expand the depth of the existing feature set and work toward a lofty goal of connecting manufacturers up and down the supply chain to unlock the power of their collective craft.
🔋 Our Next Era of Growth: Expanding Our Platform For the Industrial Supply Chain
We announced a $42 million Series B led by Bessemer Venture Partners with participation from existing backers Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures, and others. This is an exciting time as we continue revolutionizing last-mile logistics for construction and industrial supplies.
This investment will enable us to continue delivering operational efficiencies to our customers and achieve our vision of becoming the go-to platform for industrial supply chain management.
Recurrency raises $22 million to revolutionize ERP for distribution
We started Recurrency with the mission to modernize the world’s supply chain software. Today, our team is overjoyed to share a key milestone: Recurrency has raised $22 million in funding from Bessemer Venture Partners, Lachy Groom, Elad Gil, Y Combinator Continuity, and numerous other world-class investors. This new capital will enable us to further invest in our product, our team, and – most importantly – our customers.
Lumachain Raises US$19.5M in Series A Funding Led by Bessemer Venture Partners
Lumachain, an end-to-end solution for food supply chains, today announced it has raised US$19.5 million in Series A funding, led by Bessemer Venture Partners with participation from existing investor Main Sequence. The company has also announced its first U.S. headquarters in Denver.
This investment will allow the company to accelerate the roll out of its world-first computer vision-based artificial intelligence platform at meat and food processing plants across the U.S. and globally. In addition, Lumachain will significantly scale up its team of computer vision and software engineers, and delivery and product experts from the meat industry.
Velo3D Raises $28 Million in Series D Funding Round, Paving the Way for Product Expansion
Digital manufacturing innovator Velo3D announced today that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the round, along with existing investors Bessemer Venture Partners, Playground, and Khosla Ventures. This brings Velo3D’s total funding to $138 million. Velo3D plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities. The company anticipates that the injection of fresh capital will help them reach sustainable profitability by mid-2022.