Reco delivers a dedicated platform for AI SaaS security, tailored to the demands of AI integration in business operations, where SaaS serves as the primary delivery method for AI applications and agents that function as independent users with their own identities, access rights, and connections. The platform employs Reco's own AI agents to continuously discover and oversee SaaS setups, offering immediate insights into apps, user activities, access levels, and AI-related operations.
German AI lab Black Forest Labs said on Monday that it has raised $300 million in a Series B funding round that values the company at $3.25 billion. The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva, and Figma Ventures.
"Multifamily real estate is a $2.5 trillion asset class, yet it captures only a fraction of the $10 trillion living economy around it," Or Bokobza, cofounder and CEO of Venn, said in a statement.
Gamma, a startup that creates AI-generated presentations, websites, and social media posts, announced on Monday a $68 million Series B round at a $2.1 billion valuation led by Andreessen Horowitz. Co-founder and CEO Grant Lee posted on X that the company has profitably hit $100 million in ARR, with 70 million users. The startup hit $50 million profitably in its first two years, Lee previously posted. Gamma last raised a $12 million Series A round led by Accel in 2024.
The startup, headed by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, former CTO of AR startup Ubiquity6, is working to create a personal AI agent that interacts with users using a natural-sounding human voice. The company plans to embed the personal AI agent into lightweight eyewear that is designed to be worn throughout the day and which users can interact with via voice.
Qapita began as a platform to manage cap tables after Ravulaparthi, during his earlier banking career, noticed that many companies still relied on spreadsheets. When the startup launched in January 2021, it expanded the platform based on early customer feedback to include an equity management tool for employee stock plans, initially released in beta. Competitor Carta later entered the Indian market but exited in 2023, giving Qapita room to strengthen its position.
Legacy FP&A tools force finance professionals into rigid systems that require months of implementation, depend heavily on IT resources, and pull teams away from the spreadsheets they know and trust. Aleph addresses these challenges with an AI-native FP&A platform that connects finance teams directly to their data through familiar Excel and Google Sheets interfaces, eliminating 90% of manual reporting tasks while maintaining the flexibility and control that finance teams demand.
Aging demographics, labor shortages, the adoption of GenAI, and the 2023 implementation of e-invoicing are driving companies to automate finance, tax, procurement, and HR in Japan. Yet only 16% of digital transformations succeed, and that's only 4-11% in traditional industries. The main barriers? Weak leadership commitment, a rigid culture, and a lack of digital talent. LayerX offers an AI SaaS platform to help enterprises scale back-office automation.
