How low can it go? VC funding falls again in April

Cybersecurity sees promises, perils in AI May 3, 2023 [Surprising sector leads in bummer month for venture funding]( Move over, AI — other sectors are raising money too. Global funding reached $21 billion in April, down 56% from $47.8 billion year over year. The slowdown has impacted all funding stages, but there was a bright spot, with close to $5.7 billion invested in a single sector last month. We dig into the numbers. [Cybersecurity still finding its place in new AI era]( Can we count on machines to protect our data? At the recent [RSA Conference]( talk of AI and its uses in new applications and security functions abounded as the typically robust cybersecurity sector has seen signs of slowing. [VC-backed AI cyber startups]( can see the potential. [Network software maker Mavenir raises $100M to add more AI]( After raising $250 million last year, network software provider [Mavenir]( closed a $100 million round led by [Siris](. The cloud-native software maker plans to add more AI tools to manage complex networks. [Simpplr raises $70M to update your company’s boring intranet]( Do you even use your company’s intranet? [Simpplr]( an employee experience platform powered by (you guessed it) AI, raised $70 million in Series D funding. The company is one of a number of [employee engagement startups raising venture capital](. [These startups scored the 10 biggest U.S. rounds in April]( All through last month, U.S.-based startups saw some big rounds, but the largest two came in at the last minute. Both [Zipline]( and [OpenAI]( rounds broke on the last business day of the month. We look at those and the others. [The Megadeals Leaderboard: Track $100M+ rounds]( Keep track of the largest startup funding deals in 2023 with our curated list of $100 million-plus venture deals to U.S.-based companies. Powered by Crunchbase’s comprehensive data, this leaderboard is updated weekly as companies raise large rounds. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Dexcom]( [$1.0B]( / [Post-IPO Debt]( Dexcom develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. Categories: Biotechnology • Health Care • Manufacturing • Medical Device Founders: [John Burd]( [Scott Glenn]( [Serentica Renewables]( [$250M]( / [Private Equity Round]( Serentica Renewables is a sustainable energy platform that provides decarbonization solutions using renewable energy such as solar and wind. Categories: Renewable Energy • Solar • Sustainability • Wind Energy Investors: [Kohlberg Kravis Roberts]( (Lead) [Mavenir]( [$100M]( / [Private Equity Round]( Mavenir engages in accelerating software network transformation for communications service providers and enterprises. Categories: Cloud Infrastructure • Communications Infrastructure • SaaS • Software • Telecommunications Founders: [Pulin Patel]( [Rashad Ali]( Investors: [Siris Capital Group]( (Lead) More Fundings Company Amount / Round Lead Investor [Simpplr]( $70M / [Series D]( [Sapphire Ventures]( [Kindbody]( $25M / [Venture Round]( [Morgan Health]( [Pocket FM]( $16M / [Debt Financing]( [Silicon Valley Bank]( [Flash Forest]( $300K / [Grant]( [Innovate BC]( [Space Perspective]( $83K / [Venture Round]( - [All Recent Funding Activity]( Recent Acquisitions [Spectrum Plastics Group]( Pending acquisition by [Dupont]( for $1.8B More Acquisitions Company Acquired By Amount [ASPEQ Heating Group]( [SPX Technologies]( $418M [All Recent Acquisition Activity]( Upcoming Tech Events [Shift Miami Developer Conference]( May 23 - 23, 2023 in Miami One of Europe's biggest and most popular developer conference comes to the U.S. for the first time Accelerator Deadlines Date Accelerator Location May 4, 2023 [Kickstart Innovation]( Zürich Aug 15, 2023 [Boomtown Accelerators]( Boulder [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.