Consumer robotics startup Savioke has raised $15 million in Series A financing. Intel Capital led the round, with participation from EDBI, the corporate investment arm of the Singapore Economic Development Board, and Northern Light Venture Capital. The company will use the funds to expand sales, marketing and product developments for its main product, the Relay robot, which delivers items to hotel guests. Savioke has now raised a total of $17.6 million. “For decades, robots have been too complex, too expensive, and not safe enough to co-exist in human environments. Through a combination of advances in robotics software, and the drop in costs for robotic hardware and components, those objections have disappeared. The time has finally come when robots are going to be at our beck and call, and for our robots in the hospitality industry we mean that quite literally, “ said Steve Cousins, CEO, Savioke.
Zerto, a disaster recovery and business continuity provider for cloud and virtualized data cetners, has secured a $50 million Series E financing round led by IVP. The company will use the new funds for product development. The round also included new investor Access Industries via its Israeli entity Claltech, and previous backers 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners, and Mark Leslie. “IVP’s success stories are a veritable ‘who’s who’ in the technology and digital sectors, and we are honored to become part of their rich heritage of marketplace disruptors. We look forward to executing on our singular vision of creating data center products that transform IT in ways that help them pursue new opportunities for business success,” said Ziv Kedem, CEO, Zerto.
CarTrade, an India-based online auto classifieds platform, has secured $145 million in funding from Temasek Holdings, March Capital and previous backer Warburg Pincus. The funds will be used to acquire rival CarWale from German media firm Axel Springer. When the acquisition goes through, for a reported $100 million, CarWale will focus on the new car market, while CarTrade will offer used car listings.
Diablo Technologies, a provider of memory solutions, has secured an additional $19 million for its Series C funding round. ICV led the round, with participation from Battery Ventures, BDC Capital, Celtic House, and Hasso Plattner Ventures. “We are thrilled to welcome Diablo Technologies into our portfolio. Diablo’s flash-as ‘system memory’ solutions promise to deliver massive data center performance improvement for enterprise and hyperscale customers alike, allowing them to do more with less, reducing energy costs and operational overhead, while reliably growing their businesses,” said ICV partner Glen Schwaber. “Diablo has a first-class management team comprised of industry veterans and a technology roadmap filled with proprietary innovation, not to mention a stellar, value-add existing investor base. We look forward to contributing our expertise to help grow the company to its full potential.”