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Utah’s Divvy gets $35 million in a series B round for its free, real-time expense platform

The fresh injection of capital is notable given that Divvy launched its first product out of beta just six months ago. Divvy with more than 700 companies signed up as customers plans to use the new round of funding to build a regional sales team in California — its first outside of Utah — as well as adding to its product, marketing, and engineering teams.

Elliott-backed Gigamon to acquire cybersecurity startup ICEBRG

Gigamon Inc has agreed to buy cybersecurity startup ICEBRG, Gigamon Chief Executive Paul Hooper told Reuters in an interview. The ICEBRG deal gives Gigamon more expertise in cybersecurity and “takes it more into the world of subscription software.” The terms of the deal were not disclosed, though sources familiar with the matter said it values the Seattle-based startup at roughly $100 million.

Neurala selected as one of Disrupt 100 companies

We are proud to recognize Neurala’s distinguished position in leading the pack in AI making Disrupt-100 2018 list.  Disrupt 100 celebrates the businesses with the most potential to influence, change, or create new global markets. The list has been compiled and curated by the world’s leading entrepreneurs, investors, and business people.

Canopy receives $42M in funding

Canopy, a cloud-based practice management system for accountants and tax professionals, has received $42 million in its latest funding round. “We have seen significant demand from both the investor community and customers to offer a better solution than what is currently available in the market,” said Canopy CEO Kurt Avarell in a statement. Canopy plans to use the funding to further develop the pipeline

Owlet Raises $24 Million in Series B Funding

Baby sock monitor company Owlet announced a $24 million Series B funding round. “As a company of parents, it is important to us to bring innovative technology into a family’s everyday life,” Co-Founder Kurt Workman said. “This new round of funding will enable us to expand our product line and explore ways to support the health and wellness of families at all stages, from pregnancy on…

Pelion Ventures Leads $10.5 Million Round for Divvy

Divvy is positioned to be the one stop shop for business spending. “We are removing barriers of entry by providing a free, yet powerful, solution for businesses as they spend. We’re passionate about helping every business spend smarter.” said Blake Murray, CEO of Divvy. Since launching its product in January 2018, Divvy boasts tens of thousands of users and hundreds of companies using the platform.

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