Dec
12
2018
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Juniper Square lines up $25M for its real estate investment platform

Juniper Square, a four-year-old startup at the intersection of enterprise software, real estate and financial technology, has brought in an additional $25 million in Series B funding to fuel the growth of its commercial real estate investment platform. Ribbit Capital led the round, with participation from Felicis Ventures.

Founded in 2014 by Alex Robinson, Yonas Fisseha and Adam Ginsburg, the startup’s chief executive officer, vice president of engineering and VP of product, respectively, Juniper has raised a total of $33 million to date.

The company operates a software platform for commercial real estate investment firms — an industry that has been slower to adopt the latest and greatest technology. Robinson tells TechCrunch those firms raise money from pension funds, endowments and elsewhere to purchase and then manage commercial real estate, using Juniper’s software as a tool throughout that process. Juniper supports fundraising and capital management with a suite of customer relationship management (CRM) and productivity tools for its users.

The San Francisco-based company says it currently has hundreds of customers and manages half a trillion dollars in real estate.

“The private markets are just as big as the public markets … but the private markets have typically not been accessible to everyday investors, and that’s part of what we are trying to do with Juniper Square,” Robinson told TechCrunch. “It’s a tremendously large market that almost nobody knows anything about.”

Juniper will use its latest investment to double headcount from 60 to 120 in the year ahead, with plans to beef up its engineering, product and sales teams specifically as the company expects to continue experiencing massive growth. Robinson said it’s grown between 3x and 4x every year for the last three years.

Felicis Ventures managing director Sundeep Peechu said in a statement that Juniper “is one of the fastest growing real estate tech companies” the firm has ever seen: “They are building technology for an industry that touches nearly every human and every corner of the economy. It’s a hard problem that takes time to solve, but the benefits of making these huge markets work better are tremendous.”

Existing in a relatively niche intersection, Juniper’s job now is to prove itself more efficient and user-friendly than Microsoft Excel spreadsheets, which, Robinson says, are still its biggest competitor.

“Our goal is to be the de facto platform for real estate investment and we are well on our way to becoming that.”

May
22
2018
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Okera raises $12M to simplify data governance within companies

As companies start to gather more and more data on their users and customers, including a firehose of information from a nigh-endless flow of tests, managing and maintaining that data isn’t the only place companies are hitting a wall — and figuring out who can actually access it is becoming just as big of a problem.

That was the experience Amandeep Khurana had throughout his career and as he kept talking to more and more larger companies. So he and his co-founder decided to start Okera, which is looking to make it easier for stewards of various sets of data to ensure the right people have the right access. With data coming in from a myriad of sources — and hopefully ending up in the same database — it can be increasingly complex to track who has access to what, and the hope is that Okera can reduce that problem to flipping a few switches.

Okera is coming out of stealth mode and said it has raised a new $12 million financing round led by Bessemer Venture Partners, with existing investors Felicis Ventures and Capital One Growth Ventures participating. Bessemer’s Ethan Kurzweil and Felicis’ Wesley Chan are joining the company’s board of directors, and Okera has raised $14.6 million to date.

“I was very underwhelmed by what other vendors were offering, there was pretty much nothing happening,” co-founder Khurana said. “There were not a lot of good solutions, and no vendor was incentivized to solve the problem. What we’d hear is, [employees] were spending so much time in data management and plumbing. We saw a trend — as more and more enterprises are moving into the cloud, so they can be agile, these problems amplified. There is a lot of friction around data management, and people spent a lot of time and resources and money making one-off solutions.”

Part of the problem stems from larger companies looking to move their operations into the cloud. Those companies can run into the problem of data coming in from various discrete locations, where everyone is handling something differently, and everyone has varying levels of access to that data. For example, an analyst might be trying to dig into some customer usage data in order to tweak a product, but they only have access to half of the records they need. To fix that, they would need to hunt down the people who are in control of the rest of the information they need and get the right copies or permissions to access it. All of this includes a robust audit trail for those handling security within the company.

it is going to be an increasingly crowded space just by virtue of the problem, especially as companies collect more and more data while they look to better train various machine learning models. There are startups like Collibra also looking to improve the data governance experience for companies, and Collibra raised an additional $58 million in January this year.

But streamlining all this, in theory, reduces the overhead of just how much time it takes for those employees to hunt down the right people, and also make sure it’s easier to access everything and get to work faster. For modern systems, it’s an all-or-nothing approach, Khurana said, and the goal is to try to make it easier for the right people to get access to the right data when they need it. That isn’t necessarily limited to analysts, as employees in sales, marketing, and other various roles might also need access to certain databases in their day-to-day jobs.

Oct
04
2017
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Bluecore marketing automation platform raises $35 million in Series C

 Bluecore, the automated marketing platform for ecommerce brands, has today announced the close of a $35 million Series C round of funding. Norwest Venture Partners led the round, with participation from existing investors including Georgian Partners, FirstMark Capital, and Felicis Ventures. As part of the deal, NVP’s Scott Beechuk will join the board of directors at Bluecore. When… Read More

Feb
14
2017
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Gamalon leverages the work of an 18th century reverend to organize unstructured enterprise data

Red and white dice casting shadows on grey surface It’s hard to fathom that the work of Reverend Thomas Bayes is still coming back to drive cutting edge advancements in AI, but that’s exactly what’s happening. DARPA-backed Gamalon is the latest carrier of the Bayesian baton, launching today with a solution to help enterprises better manage their gnarly unstructured data. The world of enterprise is full of… Read More

Feb
13
2017
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To detect prying eyes in the sky, Dedrone raises $15 million

Dedrone detects unmanned aerial vehicles in airspace around various venues and businesses. For better or worse, drones are about to become a lot more prevalent in US airspace. The FAA expects sales of drones to spike domestically from 2.5 million last year to 7 million by 2020. Now, a startup that detects drones and helps prevent unwanted aerial intrusions, Dedrone, has closed a $15 million Series B round of venture funding.
Investors in San Francisco-based Dedrone included Cisco… Read More

Sep
15
2015
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Clear Labs Aims To Be Google Search For GMOs In Packaged Food

6854633574_5b359ee7fd_k How much gluten, genetically modified organisms and other allergens are in that cereal you ate this morning? Not many people know what is in their food right now, but genomic data startup Clear Labs hopes to index all the packaged fare in the world so we do. The startup uses technology related to sequencing human genomes in clinical trials but applies it to food products. And it’s… Read More

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