Prophecy raises $35M

Palo Alto, Calif.-based self-serve low code data transformation platform provider Prophecy has closed a $35 million Series B funding round. The investment was led by Insight Partners and SignalFire, with J.P. Morgan participating as a major investor. New investors such as Singtel Innov8, Databricks Ventures, and DallasVC also joined the round. Prophecy has raised $67 million to date.

The funding round also led to two new board appointments: Herb Cunitz, principal Accel2GM and former president of Hortonworks, and Elena Zislin, managing director and partner J.P. Morgan Technology Ventures. They join existing board members Ilya Kirnos, founding partner at SignalFire, and George Mathew, managing director at Insight Partners.

Prophecy says it plans to use the funding to enhance its go-to-market strategies.


Just in

Mizuho, IBM develop AI system for banking error detection

Mizuho and IBM have collaborated to develop a proof of concept (PoC) system that utilizes watsonx, IBM's enterprise generative AI and data platform, to enhance the efficiency and accuracy of Mizuho's event detection operations.

Lumos raises $35M

San Francisco, CA-based access management platform provider Lumos has raised $35 million in Series B financing.

Aerodome raises $21.5M

Aerodome, a Los Angeles, CA-based company specializing in Drone-As-First-Responder (DFR) technology, has secured $21.5 million in a Series A funding round.

Uncle Sam to inject $50M into auto-patcher for hospital IT — The Register

The US government's Advanced Research Projects Agency for Health (ARPA-H) has pledged more than $50 million to fund the development of technology that aims to automate the process of securing hospital IT environments, writes Jessica Lyons in The Register.