Funding Roundup: Series A Funds Secured By NeuroPixel.AI, Procol, ISO and Others

Sep 16, 2022

It has been a splendid week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:

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NeuroPixel.AI Pre-Series A Funding 

The Bengaluru-based deeptech SaaS startup, NeuroPixel.AI, secured $299K in Pre-Series A funding round led by Flipkart. The startup currently deploys advanced AI/ML and statistical learning theory in computer vision and image processing areas for online retail storefronts. The fresh capital will be used to scale up its R&D team to accelerate the transition of its product and to expand its ‘training set’, a crucial piece of the puzzle for every machine learning algorithm.

  • Year Founded: 2020

  • Founders: Arvind Nair and Amritendu Mukherjee

  • Location: Bengaluru, India

  • Latest Funding: $299K Pre-Series A

  • Lead Investors: Flipkart

Maverick Seed Funding 

Maverick, a business-to-business personalized video messaging startup, closed a $2.7M Seed fund backed by Signia Venture Partners. The company strives to help e-commerce entrepreneurs send more personalized messages using deepfakes through its deep learning models and audio-video processing techniques. The newly raised capital will be leveraged to expand its workforce, doubling down on product development and growth.

  • Year Founded: 2016

  • Founders: Debarshi Chaudhuri, Eitan Winer

  • Location: San Francisco, United States

  • Latest Funding: $2.7M Seed

  • Lead Investors: Signia Venture Partners

Procol Series A Funding 

Procurement management platform, Procol has raised $6.4M in Series A funding round led by GMO VenturePartners. Founded in 2018, Procol helps enterprises streamline their manual procurement processes across their fragmented small and medium enterprises (SME) supplier base. The funds will build and enhance solutions for India’s procurement problems through Procol’s procurement software and B2B marketplace.

  • Year Founded: 2018

  • Founders: Gaurav Baheti, Sumit Mendiratta

  • Location: Gurugram, India

  • Latest Funding: $6.4M Series A

  • Lead Investors: GMO VenturePartners

Isometric Technologies Series A Funding 

San Francisco-based startup, Isometric Technologies (ISO), bagged $15M in Series A funds by Maersk Development. Established in 2020, ISO has built the first collaborative SaaS platform to address a gap in the market for reliable, verified freight transportation performance data. With this successful completion of financing, ISO will be able to scale its teams and expand its product offerings which will drive efficiencies throughout the supply chain ecosystem.

  • Year Founded: 2020

  • Founders: Brian Cristol

  • Location: San Francisco, United States

  • Latest Funding: $15M Series A

  • Lead Investors: Maersk Development

Xeneta Growth Funding 

Freight rate benchmarking and analytics platform Xeneta has closed an $80M investment in the company at a $265 million valuation. The Oslo-based company provides organizations with a neutral data source of real-time, on-demand ocean container and air freight rate market intelligence, for long-term contracts or spot trades. The new splash of capital will allow Xeneta to accelerate investments in platform development and expand into new markets. 

  • Year Founded: 2012

  • Founders: Patrik Berglund

  • Location: Oslo, Norway

  • Latest Funding: $80M (Round undisclosed)

  • Lead Investors: Apax Digital

MyCarrier Series B Funding 

MyCarrier, a technology company with a freight shipping platform for small and midsize shippers, secured $22M in Series B funding round. Founded in 2017, MyCarrier's platform offers customers the ability to quote, ship and track a shipment and connect them with carriers that meet their specific shipping needs. The new investment will go towards expanding and accelerating MyCarrier’s platform offerings, product development, R&D and go-to-market teams.

  • Year Founded: 2016

  • Founders: Michael Bookout, Chris Scheid

  • Location: Arizona, United States

  • Latest Funding: $22M Series B

  • Lead Investors: NewRoad Capital Partners

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