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Innovium raises $77 million

Innovium,  a provider of networking solutions for data centers, has raised $77 million in a Series D funding round. Investors in the round include Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures.

Innovium has raised $160 million to date.

[Image courtesy: Innovium]

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Fundings

UpdateAI raises $2.3M

Pasadena, Calif.-based UpdateAI, a ChatGPT-powered customer success platform that generates smart summaries of customer meeting notes and automates a follow-up workflow, has raised a $2.3 million funding round.
Fundings

Ariga raises $18M (Israel)

Tel Aviv, Israel-based Ariga, a company that provides software engineering teams with a way to manage database schema changes efficiently, has raised $18 millon in a funding round from Tiger Global and TLV Partners.
Fundings

Platformatic raises $3.5M

San Francisco, Calif.-based Platformatic, providers of a backend platform for developers, has raised $3.5 million. The funding round was led by venture capital firm Decibel, featuring contributions from Panache Ventures and angel investors.
Fundings

Spellbook raises $10.9M (Canada)

Toronto & St. John's, Newfoundland-based Spellbook has raised $10.9 million in funding.
Series A

Axelera AI raises $50M (The Netherlands)

Axelera AI announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.