Welcome to Episode 51 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more Innovation Accelerators on the Cloud Wars Horizon. This episode focuses on several notable startup funding rounds.
00:50 — Tom introduces his monthly look at five notable startup funding rounds.
01:00 — Spot develops an avatar-based metaverse experience along with team chat and videoconferencing tools to enhance employee experience and productivity, secured $5.5 million in seed funding.
01:22 — OpenStore acquires Shopify businesses to let entrepreneurs make quick exits, then runs those stores; it closed on $32 million in new financing and is valued at nearly $1 billion.
01:49 — Pie Insurance is a disruptive provider of workers’ comp insurance to small businesses and it raised a $315 million round led by Centerbridge Partners and Allianz X.
02:22 — Swiftly is a retail tech software provider that enables brick-and-mortar retailers to build strong digital customer relationships; it raised a $100 million round and now has a valuation over $1 billion.
02:59 — TractionAg develops cloud-based farm management software that handles accounting and operations; it raised $3 million in seed funding.
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