Monitaur Raises $6M in Funding to Fuel Growth and Expand Team

Monitaur Raises $6M in Series A Funding

Key Highlights:

• Series A Funding: Monitaur, a model governance software company, secured $6 million in Series A funding.
• Investors: Cultivation Capital led the round, with participation from Rockmont Partners, Defy VC, Techstars, and Studio VC.
• Growth and Talent: The funding will be used to accelerate Monitaur's growth and expand its team across various functions.

Monitaur's Target Market

• Highly-Regulated Enterprises: Focus on enterprises operating in industries with strict regulations, such as finance, healthcare, and government.
• AI and Model Development: Companies looking to build trustworthy AI models and ensure compliance with regulatory standards.
• Model Governance: Organizations seeking solutions to define, manage, and automate best practices throughout the modeling project lifecycle.

What Monitaur Needs to Buy

• Technology and Infrastructure: Investments in technology infrastructure to support the development and delivery of model governance software.
• Talent Acquisition: Hiring professionals with expertise in AI, model governance, and software development to support company growth.
• Marketing and Sales Support: Partnering with marketing and sales agencies to expand market reach and acquire new customers.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.