Procore Acquires Construction Payment Startup Levelset for $500M
Procore Technologies, Inc., (NYSE: PCOR), a leading provider of construction management software, has signed a definitive agreement to acquire Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. It also presents future growth opportunities for Procore, including capitalizing on the companies’ complementary data assets.
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strongDM Announces $54M Series B To Create A New Standard For Infrastructure Access Management
Infrastructure access platform StrongDM today announced that it raised $54 million in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan. According to cofounder and CEO Elizabeth Zalman, the proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
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Wethos Announces $8M Round To Bolster The Independent Economy
It’s 6pm on a Friday. You start to close your laptop when that all-too-familiar email rolls in: “This timeline is super tight, can you come in tomorrow?” Faced with unpredictable layoffs, increasingly unrealistic demands, and the looming thought of companies forcing a return to the office, many have started to wonder, “Is this really worth it?”
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Ocrolus Raises $80M In Series C Funding To Scale Fintech Focused Document Automation Solution
Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, today announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document workflows for many of the most innovative financial services firms including Brex, Enova, LendingClub, PayPal, Plaid, and SoFi. Ocrolus plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.
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