Data learning platform raises $15M
ANN ARBOR, MI–Keebo, provider of a data learning platform, has raised $15 million in Series A funding. The round was led by True Ventures, with participation from Neotribe, Pear, 406 Ventures, and Uncorrelated Ventures. The company intends to use the funds to accelerate growth, expand the team, and continue to develop its product.
ST. LOUIS, MO–Noonlight, a company that has developed a mobile app focused on connecting users with emergency services through smart devices, has been acquired by publicly traded security company Alarm.com. Noonlight began as a personal safety mobile application and has grown into a connected safety platform that has organically attracted over 3.5 million app users. Noonlight will continue to operate independently as an IoT device monitoring provider, as well as a consumer safety app and brand. Noonlight’s current management team will continue to lead the business from its headquarters in St. Louis.
Federal funds to power Missouri investments
MISSOURI–A state-run co-investment program will provide up to a $2 million equity-based investment in Missouri-based companies that have identified a lead investor for the round. The revived Venture Capital Program and IDEA Fund Co-Investment Programs — coordinated by the Missouri Technology Corporation (MTC) — will be largely funded for the next eight years through the $95 million in federal funding from State Small Business Credit Initiative Program (SSBCI) that was recently allocated to Missouri.
$2.3M in funding for ‘superhighway for secure cloud networks’
ASHEVILLE, NC–Cloud networking startup Netmaker announced $2.3 million in funding to launch its “superhighway for secure cloud networks.” The round was led by Lytical Ventures, Uncorrelated Ventures, and SaxeCap, among others, following its graduation from Y-Combinator. Netmaker offers a platform built on WireGuard that transforms the way companies integrate their networks to make them safer, more dynamic, and up to 15 times faster than alternatives.