Latest news with #AxiosPro
Axios
22-06-2025
- Business
- Axios
Exclusive: Defense tech startup Onebrief hits $1.1B valuation
Onebrief, a maker of military workflow software, raised $20 million in new funding led by Battery Ventures at a $1.1 billion valuation, CEO Grant Demaree tells Axios Pro exclusively. Why it matters: The valuation almost doubles the company's $650 million valuation in a February deal led by General Catalyst. How it works: Onebrief's collaborative workflow platform helps military staff from different organizations stay up to date in real-time planning, while its AI features help with decision making. There also could be an opportunity to sell the platform to other parts of the federal government, such as FEMA and Homeland Security, says Michael Brown, general partner at Battery Ventures. Catch up quick: Defense tech funding has been on a roll, as best illustrated by Anduril's $2.5 billion raise led by Founders Fund at a $30.5 billion valuation earlier this month. What they're saying:"I think there's an understanding right now that we have to be on our front foot when it comes to defense," Brown says, speaking on current investor interest in defense tech. The bottom line: Demaree said it would be possible for the Honolulu-based company to raise again before the end of the year.
Axios
21-06-2025
- Business
- Axios
Exclusive: R&D startup Uncountable raises $27m Series A
Uncountable, a digital platform for industrial research and development, raised a $27 million Series A led by Sageview Capital, co-founder and CEO Noel Hollingsworth tells Axios Pro. Why it matters: Real-time events are making R&D teams' traditional reliance on Excel spreadsheets obsolete. How it works: The company's cloud-based R&D platform allows enterprises to unify experimental data and deploy AI-driven tools to accelerate development cycles. The software's AI tooling can offer experimental options to R&D teams as supply chain issues arise or environmental regulations change. Zoom in: SE Ventures, Teamworthy, 8VC and MK Capital participated in the round. Founded in 2016, the company — co-headquartered in San Francisco and New York — has raised approximately $32.5 million.
Axios
19-06-2025
- Business
- Axios
Supply chain tech startup Pelico raises $40M round led by General Catalyst
Supply chain orchestration platform Pelico raised $40 million in strategic financing led by General Catalyst, co-founder Tarik Benabdallah tells Axios Pro. Why it matters: Fragmented supply chains restrict manufacturers' ability to make proactive decisions and rapidly respond to disruptions. Follow the money: Existing investors 83North and Serena joined General Catalyst in the financing round. Pelico has raised $72 million to date. How it works: Miami-based Pelico provides a platform to synchronize data and processes, helping manufacturers reduce backlog and lower inventory costs. It serves aerospace, defense, luxury and industrial customers, though Benabdallah sees relevance in medical devices and energy. What they're saying:"In a factory, every day, at 7am when you show up, you have a perfect plan," Benabdallah says. "On average, [by] 7:16, it's a different story. "It's a late delivery from a supplier, quality issue, some operations that didn't finish on time, demand change from a customer. Each one of those disruptions basically has snowball effects." Pelico "collects data from the systems and continuously scans for those disruptions [and] propagates their impact so that teams stay aligned," Benabdallah says. "We've been deeply impressed by the team's ability to deliver measurable impact in complex environments — fast, global and enterprise-grade," Jeannette zu Fürstenberg, General Catalyst managing director and La Famiglia founding partner, tells Axios Pro. By the numbers: Customers see an average reduction of 40% in parts shortages and a 15% increase in on-time deliveries, according to the company. Customers such as Airbus, Safran, Eaton and Daikin have successfully deployed Pelico in only 12 weeks, the startup says. Pelico's customers operate more than 1,000 factories globally, and the startup works with half of the world's top 10 aerospace and defense firms. Zoom in: The platform "brings structure, clarity and collaboration into environments where even a single late part can disrupt billion-dollar production lines," Zu Fürstenberg says. Catch up quick: Pelico was founded in Paris in 2019 by Benabdallah, Mamoun Alaoui and Jonathan Hickson. The company also maintains offices in Miami and Frankfurt, Germany. Pelico raised $18 million led by 83 North and Serena in 2022. What's next: The startup will be able to foresee its profitability within two years if it does not take on any new funding to accelerate its growth, Benabdallah says.
Axios
19-06-2025
- Business
- Axios
Exclusive: Open-source intelligence startup Tadaweb raises $20M
Tadaweb, an operating system that collects and analyzes public data, raised $20 million, led by Arsenal Growth and Forgepoint Capital, according to co-founder and CEO Francois Gaspard, who tells Axios Pro exclusively. Why it matters: Being able to analyze publicly available information is a must for organizations, but the sheer volume makes it challenging to do quickly and accurately. How it works: Tadaweb's "small data" operating system digests fewer but more precise open-source intelligence (OSINT) data points. This reduces analysis time down from days to minutes, allowing companies and governments to identify threats, business disruptions and other issues. The platform also offers full transparency to customers concerning what data was used and how. Zoom in: Existing investor Wendel participated in the round. By the numbers: The 120-person company, founded in 2011, increased revenue 30% last year, Gaspard said. The Luxembourg-based company has raised $40 million total. What they're saying:"Big data companies can bring in a billion data points, but you don't know where it all is coming from," Gaspard said. "We are about precision and transparency. Transparency is key."
Axios
15-06-2025
- Business
- Axios
Exclusive: Abacum lands $60M to bring AI to business planning
Abacum, business financial planning startup, landed a $60 million Series B round led by Scale Venture Partners, co-founder and CEO Julio Martínez tells Axios Pro. Why it matters: Businesses are under pressure to forecast accurately — and AI-driven planning tools are increasingly seen as critical. State of play: The business planning software market is enormous, with financial software startups alone having raised nearly $41 billion just last year, per PitchBook. How it works: The New York-based Abacum uses AI and machine learning to help finance teams predict and forecast more accurately, collecting financial and operational data in real-time to help find actionable insights. Abacum also uses agentic AI to help customers anticipate needs and suggest business actions. By the numbers: The company has tripled revenue year to year while keeping headcount flat, Martínez says. OneStream, with a market cap of $6.8 billion, and Anaplan, taken private for $10.4 billion in 2022, illustrate the size of the business planning software market. Zoom in: Cathay Innovation, Y Combinator, Creandum, Kfund and Atomico also participated in the Abacum's Series B. The round took less than two weeks to raise, Martínez says, adding that the company has raised approximately $100 million to date. What they're saying:"There is more uncertainty at seemingly every level of companies," Martínez says. "It's more crucial than ever to have accurate business forecasting and predicting."
