Outdoor home security company Ring has raised $61.2 million in Series C funding from Kleiner Perkins Caufield & Byers and Sir Richard Branson. The company has also released a new video doorbell product, and will use the latest funds to produce new products in the future. Jamie Siminoff, Chief Inventor and CEO of Ring, said: “At Ring, it’s our mission to reduce crime by creating a ‘ring’ of security around our customers’ front doors, homes and neighborhoods. I am pleased KPCB has joined Ring’s group of leading investors alongside Sir Richard Branson as we continue to make neighborhoods around the world safer. With these new funds, we will expand that ‘ring’ of security by adding to our high-quality, diverse line of smart security products.”
Usermind, which provides a platform for orchestrating business operations, has emerged from stealth with $14.5 million Series B funding. Menlo Ventures led the round, with participation from existing investors Andreessen Horowitz and CRV. Usermind has now raised a total of $22.1 million. “The explosion of SaaS has solved problems across every business function. However, applications are siloed and data sources are increasingly disconnected. This has led to the rise of BizOps, but most companies can’t afford the expense of building custom solutions,” said Matt Murphy, managing director at Menlo Ventures. “Usermind has recognized this need and taken it head on. It has a massive opportunity in being the first to market with a commercial BizOps platform.”
Precision medicine life sciences company Prenetics has announced a $10 million Series A investment led by Ping An Ventures. Indonesia’s Lippo Group backed Venturra Capital, Capital Union Investments and existing investors 500 Startups, COENT Venture Partners also participated. Ping An Ventures Managing Director Jiang Zhang stated, “We believe precision medicine is the future of healthcare, primed to happen now. Prenetics has built an amazing team with a world-class scientific, medical and commercial team. We are excited to integrate Prenetics innovative DNA tests to help our 200 million customers live longer, healthier lives while saving substantial healthcare costs.”
Striim, which provides a real-time data integration and intelligence platform, has closed an additional $10 million in funding from Atlantic Bridge Capital. The investment increases the company’s Series B round to $30 million. “In this economic climate, customers really need to get value from their investments. Big Data 1.0 provided some level of return, but we believe streaming data will accelerate the time-to-value,” said Kevin Dillon, Managing Partner of Atlantic Bridge Capital in London. “In Striim, we’ve found the most comprehensive platform for real-time streaming data integration and intelligence, brought to market by a trusted and proven management team. This was crucial for us.”