4M Analytics Secures $30 Million in Series A Extension
4M Analytics, the company on its way to being the ‘Google Maps’ of the subsurface, announces an additional $30 million in a Series A extension, bringing the round to $45 million. Over the years the subsurface has turned into an enormous maze of utilities, one that was never recorded nor mapped. As more utilities go into the ground, the risk of autility strike increases creating delayed projects and additional costs. This is where 4M steps in, creating maps for this underground infrastructure.
The funding will be directed towards the company’s expansion into the United States, growing their team, and scaling the platform.
Read more on their latest round of funding
Parametrix Wins Best Insurtech Solution Award
The Finovate awards, which recognizes those companies driving fintech innovation forward, has chosen Parametrix to receive the ‘Best Insurtech Solution Award.
This award is given to a fintech, FI, or insurance provider with an excellent new solution in the insurtech space. Parametrix, the first company offering parametric downtime insurance to those who rely on third-party IT services for mission-critical activities, certainly fits the bill.
See more of Finovate’s winners and finalists
Five Sigma Launches Claims Management Solution on Leading Insurance App Marketplace
Five Sigma has announced its CMS is now available on Socotra, the go-to platform for insurers bringing their new products and features to the market. Five Sigma’s SaaS claims management solution uses advanced data modeling technology and AI to digitize and simplify claims for insurers.
“Through our partnership with Socotra, insurers and insurtechs can leverage data and automation to drive efficiency at every stage of the insurance value chain. The joint offering provides clients with a powerful core insurance platform to operate more profitability with enhanced customer experiences,” states co-founder and CEO Oded Barak.
Read more on their partnership
Tres Exits Stealth Junction With an $7.6 million Seed Round for Crypto Treasury Management Solution
Former Principal at F2, Tal Zackon along with co-founder Eilon Lotem, and the Tres team have exited stealth with a $7.6 million Seed Round and are on a mission to help finance teams manage their financials and crypto data with the vision of becoming the financial backbone of crypto organizations.
We’re able to go cross-chain, cross-protocol, cross wallet, on-chain and off-chain,” Tal explains, “Adding data whether it’s on Coinbase, Solana or somewhere else — all we need is your wallet address and we can pull all the transactions from all the wallets into one data lake. Something like that doesn’t exist today, you have to look at Ethereum data or Solana data one at a time. But on our platform, you can look at it all together and slice it how you want.”
Read more on Tres’s hopes to become the ‘financial backbone’ of crypto companies
Antic Exits Stealth With $7 Million for NFT Co-Ownership Collaboration Platform
Junction alum, Antic, has excited stealth with $7 million with the aim of becoming a category leader in shared-ownership solutions.
According to Dadia, “Antic is the co-ownership layer of the new internet,” and though built on the Ethereum blockchain, the company is also looking to partner with mainstream companies, to embed co-ownership models into existing subscription plans.
Read more on antics approach to shared ownership