Fueling the Future: FinTech, SaaS & logistics, AI in education, and HealthTech
What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants, and everything in between. Got something to celebrate? Click here to share your story.
- Minneapolis-based health insurance innovator Bind recently announced a $105 million Series B funding round. The company plans to use the investment to expand into the fully insured market.
- KC’s VeriShip, which developed a SaaS platform to help SMBs ship packages in the US, has merged with Utah-based Sifted, a “predictive logistics” platform geared toward enterprise shippers. Kansas City Business Journal says the companies have thousands of customers, including Chicago Music Exchange, Shutterfly, and Kendra Scott.
- Carnegie Learning, a leader in AI for the education and formative assessment sector, has received a strategic growth investment from Chicago-based private equity firm Madison Dearborn Partners. The funds have acquired a majority stake in Carnegie Learning from CIP Capital, a private equity firm based in New York.
- Wisconsin-based Synthetaic (pronounced “synthetic”) has raised $3.5 million in funding led by Lupa Systems, with participation by Betaworks Ventures and TitletownTech. Research and Markets says, “Synthetaic’s technology combines high-fidelity 3D models with novel, generative AI technologies to grow large datasets of synthetic images for machine learning.”
- Indy healthcare company Diagnotes has secured funding from Elevate Ventures, IU Ventures, and Purdue Ventures. The company offers cloud-based collaboration tools for healthcare professionals, which has been particularly helpful for virtual patient visits and clinical rounds during the pandemic.