Merchant Innovation

These Start-ups Save Consumers Time and Money

Several e-commerce startups, including StarWind, global leader in software storage, highlight this week’s Startup Roundup.

Several e-commerce startups, including StarWind, global leader in software storage, highlight this week’s Startup Roundup.


Gagein April 15, $6.4 Million

Gagein, the founder of the patent-pending SmartTRACK technology, closed a $6.4 million Series A funding.


The private investors names have not been disclosed.


“Gagein provides multiple advantages that are unrivaled by anything available on the market today. With 300 percent user growth per month, we look forward to expanding our market reach with this funding round.” Gagein’s CEO and Co-Founder Luosheng Peng told SYS-Con Media.


The funds will grow the company’s “staff size and expand office space and resources to support even more sales professionals”



StarWind Software April 15, $3.25 M

StarWind, global leader in reliable, scalable, high-performance and easy-to-use Windows iSCSI SAN storage software closed $3.25M in Series B funding.


“Almaz [Capital led the round] with participation from ABRT Venture and AVentures Capital.” according to the press release.


The funding will enable StarWind to launch the “first solution running on Windows platform that creates clusters of multiple hypervisor hosts without separate physical shared storage.”



FireHost April 16, $25 Million

FireHost, the secure cloud company, closed a $25 million Series E funding round.


The Stephens Group, LLC led the round.


“The funding is reflective of FireHost’s rapid growth, due in large part to the security technology it pioneered that differentiates its secure cloud business from other competitors as well as its uncompromising perspective that companies should implement secure cloud operating practices and not settle for checkbox compliance. By serving customers sincere about security protection, FireHost has doubled revenue in each of the past three years.” Reports Business Wire



OwnZones April 16,  $5.9M

Content curating platform, OwnZones Media Network, has closed $5.9 million in Series A financing.


The round’s participants names have yet to be disclosed.


“As we continue our rapid growth, the announced capital investment allows us to fine-tune our platform technology and build the most complete turn-key sales channel for premium partners to maximize the value of their content,” said Dan Goman, CEO of OwnZones. “The sheer quantity of media out there has resulted in discovery challenges for all but a fraction of publishers, it’s a lose-lose for both publishers and consumers that OwnZones is committed to resolving. By offering this promotional period, we are giving audiences the opportunity to experience the win-win of an ad-free, multi-media consumption experience from their preferred device.”


The funds will be used for marketing and further development of the platform.



AgilOne April 15, $25M

AgilOne, the big data marketing firm, has closed $25 million in a funding round.


The investors have yet to be disclosed.


“AgilOne’s marketing platform targets small- and medium-sized businesses that want to use big data to get insights to help grow their business. The platform promises to help clients understand which marketing activities make the most sense and which are just a waste of time and money.” Says Venture Beat.


The funding will likely go toward platform development and expansion.



ECaring April 16 $3.5M

eCaring, a health care company that provides a cloud home care management and monitoring system, recently secured $3.5m in Series A funding.


Ascent Biomedical Ventures led the round.


“The company intends to use the funds for product development as well as the expansion of sales and marketing efforts in the the enterprise markets of managed care plans, payers, home health agencies, hospitals and other health care organizations.” Reports FinSMEs.


VanDyne April 14,  $15 M 

VanDyne SuperTurbo Inc. has completed a $15 M Series C financing round.


“The funding round was led by Northwater Capital Management Inc.’s Intellectual Property Fund, with participation by existing investors in the company. Northwater is based in Chicago and Toronto.” Reports NCBR.


The funds will go towards the commercialization of the company’s SuperTurbo technology.


ItsOn Inc. April 15,  $12.5M

ItsOn Inc., leader in Mobile Smart Services™, has received $12.5 million in a Series C round of funding.


Tenaya Capital and Andreessen Horowitz participated in the round.


“We are now selling our SaaS platform services to large, global mobile operators and our company has transitioned from startup to revenue-growth stage,” said ItsOn founder, CEO and Chairman Greg Raleigh. “We are thrilled to partner with the very experienced and successful team at Tenaya to build our company. The purpose of this financing is to accelerate the market launch for our cloud-based virtual OSS & BSS platform and grow our mobile operator customer revenues in Europe, Asia,Middle East and South America.”



Betterment April 15, $32M

Betterment, a company that offers a web-based money management service, has raised $32 million in Series C funding.


Citi Ventures, Northwestern Mutual Capital and Globespan Capital Partners, along with existing investors Bessemer Venture Partners, Menlo Ventures and Anthemis Group all participated in the round.


Betterment “seeks to automate the role of traditional wealth advisors by offering investors cloud-based software to guide their savings plans and optimize investment gains.” Reports Forbes.



Ineda Systems April 21, $17 M

Ineda Systems, a US and Indian low-power SoCs (system on a chip) developer has raised $17 million in Series B funding.


Walden-Riverwood Ventures led the round with assistance from Samsung Catalyst Fund, Qualcomm Incorporated, IndusAge Partners and others, along with existing investors.


“The market is primed for a new class of semiconductor architecture that is specifically designed to be ultra-low power and high performance for use in the rapidly growing wearable technology space,” said Ineda Systems CEO Dasaradha Gude.

The funding will be used to further develop Ineda’s new class of highly integrated, ultra-low power semiconductor and software products.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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