The latest news regarding funding for startups is good news for Devo Technology. The company has announced $100M in funding for development. Founded in 2011, the company has grown to 500 employees and has raised a total of $500 million in funding to date. Meanwhile, Lacework and Cybereason have announced layoffs of up to 20 percent of their workforce.
Bioenergy Devco secures $100 million in financing
Bioenergy Devco, a leading global developer of anaerobic digestion facilities, has secured $100 million in financing from Irradiant Partners. This new funding will go towards expanding the development of anaerobic digestion projects that recycle organic waste and reduce greenhouse gas emissions. The financing will be used to help Bioenergy Devco build multiple anaerobic digestion plants across North America.
Bioenergy DevCo is headquartered in Annapolis, Maryland. It recently announced that it has secured $100 million in financing from Irradiant Partners to develop more anaerobic digestion facilities in the US. The company will use the money to build additional anaerobic digestion facilities for converting waste into renewable energy and soil products. It currently manages 140 such facilities and has another 20 in development. It plans to build a facility in Maryland that can process 115,000 tons of waste annually.
Bioenergy DevCo, based in Annapolis, Maryland, manages 140 anaerobic digestion facilities worldwide. It has constructed around 280 digesters and has at least 20 more projects in development. In the US, Bioenergy Devco is currently constructing a digester near Baltimore that will process 115,000 tons of organic waste annually and have the equivalent carbon sequestration effect of 40 times the size of Central Park. The company has raised $100 million in financing from Irradiant Partners, an alternative investment manager based in Santa Monica, California. It is also supported by Sagewind Capital.
The company’s technology and its unique process is revolutionizing sustainable waste management. It converts biodegradable materials into compost-like soil amendments and renewable energy. It also reduces the volume of waste sent to landfills and incinerators. Bioenergy DevCo’s anaerobic digestion facilities also help to create a circular economy in local communities. With the help of these projects, communities can build healthier soils and reduce air pollution.
Lookout secures $20 million in series A funding
The energy efficiency startup Devo has announced $100 million in funding to expand its technology to the Asia-Pacific market. The investment round comes at a time when the firm has been expanding its customer base and has added major customers. Van Zadelhoff did not disclose revenue figures, but said the firm is expanding through acquisitions and channel sales.
The new funding comes on the heels of the company’s acquisition of Kognos. Kognos provided Devo with AI-powered threat hunting solutions that helped it deliver an autonomous security operations center (SOC). The company says the funding will help it continue to grow its customer base and continue to develop its technology.
The new money will allow the company to expand its product portfolio and expand marketing efforts globally. The company is also building on its cloud security platform. It claims to have uncovered 17,000 unique permission settings, with as many as 20 being added every day. This means that the company’s solution can protect businesses from phishing, malicious software, and other threats that can make their businesses and consumers unreliable.
The latest funding is another step towards the company’s vision of building a game ecosystem that will help players build communities and become more influential. With this money, Kek Entertainment can expand their team and launch their first title, a browser-based strategy game with tactical elements. The new funding will also be used to create a training platform for esports players.
The company has also acquired $100M in funding from investors including Alkeon Capital, Cowboy Ventures, and Okta Ventures. As a result, the company has reached unicorn status and will be able to reach its full potential by November 2021. The $100M Series B round will help the company continue to grow its team and add new features to its platform.
Beyond Identity secures $12 million in seed funding
Beyond Identity, which is developing a passwordless identity management platform, has secured $12 million in seed funding. This funding will help the company expand its research and reach into Latin America and Asia-Pacific. The company will also use the funding to hire new staff and continue plugging away on its enterprise market projects.
Beyond Identity’s solutions eliminate friction and risk associated with passwords and other credential-based attacks. Its innovative approach replaces passwords with asymmetric cryptography, which protects trillions of transactions every day. It also extends the security chain established with TLS to end users. As a result, Beyond Identity’s platform is secure, flexible, and reliable on all platforms and devices.
Beyond Identity’s technology has already been adopted by 40 companies, including Snowflake. Its customers range from small businesses to enterprises with more than 200 employees. A key focus is enterprise customers, and the startup is targeting these companies as well as Fortune 100 firms. Its product is aimed at the growing segment of consumers who despise passwords, are frustrated with password vault security, or don’t trust “log in with” solutions.
Beyond Identity is the most secure authentication platform on the market. By eliminating passwords, Beyond Identity offers a frictionless multi-factor login experience with zero-trust access to secure hybrid work environments. Beyond Identity collects dozens of risk signals from users during login. The company is building a patent-pending platform that offers continuous risk-based access control and password-free identity management.
Beyond Identity has also raised a $12 million Series A funding round led by New Enterprise Associates. This funding will help the company expand its product and services. It will also help it set up a global headquarters in Columbus, Ohio, and focus on expanding its business through B2B2C partnerships. The company is already working with major players in the payments, banking, and insurance industries.
A few of the companies that have raised seed funding this year have included the popular crypto exchange Bitso and challenger bank albo. Both companies have a strong focus on the millennial generation.
Mythical Games raises $150 million for Blankos Block Party
Mythical Games, a blockchain startup that develops games, has just announced a $150 million Series C funding round led by Andreessen Horowitz. The company will use the money to build the Mythical Platform, which will enable developers to create blockchain games. The company has already announced its first three game developer partners.
This investment round includes Binance, D1 Capita, FTX, RedBird Capital, and Galaxy Interactive. Mythical Games is developing a multiplayer game focused on building and exploring the virtual world in the game called Blankos Block Party. The game will also feature a market for digital vinyl toys called Blankos, which players can sell for real money.
The company is also working on a football game and is developing a blockchain version of it. This latest round of funding comes just five months after raising $75 million in Series B funding. This makes the company a unicorn in the industry. The company is being backed by many notable names in the gaming industry, including the New England Patriots, Binance, and NFL.
The money raised by Mythical Games will help develop the Mythical Platform, which will allow players to trade virtual items for real cash. The company will also use the funding to help develop the game, which is set to be released in December 2020. The game was previously only available as a website, and it has already reached more than one million users.
The company is looking to license its platform and tools to other game studios to create games with playable NFT characters. It has already announced a partnership with Creative Mobile and the digital trading card studio CCG Lab. With these partnerships, Mythical Games plans to expand to other gaming platforms and launch a new game in 2022.
Mythical’s project could be the bridge between blockchain technology and the triple-A gaming industry. While the triple-A gaming community has been wary of embracing blockchain technology, Mythical is hoping to help bridge the gap between blockchain and crypto games.