Overview
Vivun, a startup focused on streamlining operational processes for companies, recently announced that it has secured $75 million in its Series C round of funding, bringing its total funding to $145 million. This news has established Viviun as an enterprise automation leader and opened up opportunities for new products and services.
In this article, we will explore Vivun’s Series C raise, its impact on the enterprise automation space, and what the company has planned for the future.
Background of Vivun
Viviun is a cloud security startup that provides organizations with access control systems and risk management tools to monitor and secure user activity. Founded in 2018, the company quickly became the leader in cloud security with its innovative risk management system and advanced threat detection tools.
The company’s platform provides an end-to-end security solution that gives organizations visibility into their environment, allowing them to detect intruder threats, prevent data loss and maintain compliant cloud infrastructure. Vivun is trusted by Fortune 500 companies and renowned institutions such as Visa, SpaceX, Coca-Cola and Stanford Medicine. The company’s service covers almost all enterprise risk management categories, making it the go-to solution for many organizations when securing their executive’s confidential data.
On June 16th 2020, Viviun announced its $75 million Series C funding round led by Insight Partners at a valuation of over $500 million pre-money; this is the largest ever venture capital investment in a cybersecurity startup founded in Israel. This investment marks Vivun’s steady progression from seed round to series C stage as it gains leading cyber security enterprise market share.
Viviun Secures $75 Million in Series C
Vivun, a global SaaS-based smart analytics platform provider, recently secured $75 million in Series C financing. The company claims this new funding includes investments from venture capital firms, partners and angel investors. This latest round of funding will be used to enhance Vivun’s products and services for international expansion.
Vivun was founded in 2010 and has since delivered comprehensive BI solutions to the corporate market. Their AI-driven analytics platform is designed to help businesses with operational insights across data sources and applications in the cloud or on premise. Additionally, their advanced predictive analytics capabilities enable informed decision making by offering actionable intelligence.
The Series C financing will enable Viviun to accelerate product innovation and scale the company’s presence across global markets to empower enterprises with smart insights for better business outcomes. In addition, through this new investment, Vivun sets a strong example for other scaling startups as they continue their journey towards success by enhancing their products and expanding abroad.
Investment Details
Viviun announced today that it has secured $75 million in Series C funding from Sequoia Capital and Insight Partners. This round of funding brings the total equity funding of Viviun to $123 million.
The new capital will help strengthen Vivun’s position in the AI HR space and accelerate their growth.
Let’s dive into more details about the investment.
Investors involved in Vivun’s Series C
Vivun, a powerful data insights provider to the world’s leading enterprises, recently secured $75 million in Series C funding. This round of funding was led by existing investor Coatue Management, with participation from Endeavor Catalyst, HSTempo Ventures, Prime Venture Partners, Greenoaks Capital and Reliance Industries Limited. The new financing brings Vivun’s total raised to more than $119 million and values the company at over half a billion dollars.
The funds raised will be used to expand Vivun’s customer base, invest in innovation and product development for team collaboration solutions, and launch data-driven Process Automation solutions expected to drive further speed and efficiency of enterprise workflows. The investment follows the successful launch of AutoML (machine learning assisted analytics) as one of Vivun’s flagship products.
Viviun CEO Madhavan Ramanujam commented on the news: “Today is a major milestone for Vivun – not only our Series C but also Live Streaming becoming available on all our desktop and mobile platforms! Our goal has always been to provide users with insights that help solve the toughest problems faced by large enterprises — this has been possible because of our incredibly talented engineering team whose design and technology skills have won us multiple awards. We’re excited to enter this next phase and leverage our robust platform with cutting-edge automation capabilities like AutoML that is already helping multitudes of organizations realize their business goals faster!”
Amount raised in Vivun’s Series C
Vivun, a cloud-based data analysis and software company, recently secured $75 million in its Series C funding round. The investment was led by Meritech Capital Partners, with participation from existing investors Felicis Ventures and Operator Collective. Its existing customers include a wide range of businesses, from Fortune 500 companies to fast growing startups.
The proceeds from the funding round will enable Viviun to invest further in its products and expand into new areas of data analysis, broadening the level of insight it can provide to its customers. Additionally, Vivun plans to use the new funds to hire additional staff and accelerate its go-to-market strategy. This could lead to rapid growth for the company as more businesses adopt highly advanced analytics systems to view their operations’ performance.
The successful completion of this funding round allows Vivun to enter an exciting new stage in their development, with significant financial resources at their disposal to pursue strategic objectives that would have otherwise been unattainable. With over $100 million raised across five financing rounds over the past four years, Vivun is well positioned to expand as demand for advanced analytics grows across all industries.
Vivun’s valuation after Series C
Vivun, an innovative financial services company, has recently secured $75 million in a Series C round of venture capital funding, with the lead investors being Sapphire Ventures and Insight Partners. This series C funding brings Vivun’s total valuation to $325 million after this round. The financing will be used to drive growth in Vivun’s proprietary software offerings, as well as their expanding suite of artificial intelligence and machine learning capabilities.
This recent valuation places Viviun among the fastest-growing financial services companies in the Silicon Valley region. With its cutting-edge precision technologies and intellectual property focuses, Vivun has positioned itself at the forefront of the FinTech revolution in recent years. This latest round of funding reflects investor confidence in Vivun’s core platform and its potential for long term growth prospects.
The success of this Series C round is a strong indication that Vivun is positioned to become a market leader in innovative financial technology solutions in the coming years. In addition, the company is projected to continue its domestic and international rapid expansion with new product launches, partnerships and strategic acquisitions forecasted for 2021. As such, there are high expectations for this trailblazing company for continued success into the future.
Impact of Series C
Vivun recently secured $75 million in Series C funding, a major milestone for the company. This new funding will help them expand their product offerings and accelerate innovation.
But, what does this Series C valuation mean for the company? First, look at the impact of Series C and some key takeaways for Vivun.
How Vivun plans to use the funding
Vivun announced a $75 million Series C led by Meritech and Iconiq. Existing investors Emergence, Bessemer Venture Partners, Workday Ventures and Telstra also participated in the round.
Vivun plans to use the funding to develop its SaaS-based platform to capture further market share in the telecom, IT, healthcare and financial services industries. In addition, the company will use the funding to create additional capabilities to serve global customers and increase customer engagement while focusing on driving operational efficiency across business processes such as product management, sales and marketing tactics, customer service operations and partner processes. Vivun will also expand into new markets with both direct-to-consumer offerings and within enterprise relationships. Additional funds will go toward accelerating product development and strategic hires to support its rapidly expanding operations worldwide.
The Series C also includes follow-on investments from several existing investors that further strengthens their commitment and accelerates Vivun’s momentum during this significant period of growth for the company. Vivun has achieved over 400 percent year-over-year revenue growth since 2017 largely fueled by revenue streams from enterprise customers such as Microsoft, HPE Aruba & Verizon Wireless.
What this means for Vivun’s future
The impact of Vivun’s $75 million Series C financing is far-reaching and will significantly affect the company’s future. With the new capital, Vivun is well-positioned to expand its team, product offering and customer base.
Along with the additional financial resources, Vivun also received a group of renowned investors to guide the company in its next growth stage. As part of the deal, renowned venture capital firms Sequoia Capital and Insight Venture Partners will join existing investor Andreessen Horowitz on Vivun’s cap table as active partners in helping shape the company’s future course.
The Series C round will allow Vivun to invest significantly in product and engineering teams that focus on creating innovative tools to support businesses using AI technology. The company plans to use about half of this new injection to deploy machine learning for automation, providing clients with ways to manage data more efficiently and securely. The second major investment area will involve scaling back-end infrastructure, which is the backbone for quickly scaling data processing needs upon request. This funding enables Vivun to expand its artificial intelligence capabilities while maintaining growth through operational excellence and exceptional customer experience.
In short, with this major deal secured, Vivun is now positioned even more strongly than before with far-reaching opportunities ahead in leveraging AI technologies into businesses everywhere globally.
Conclusion
Vivun’s Series C funding round represented a major milestone for the company. It enabled them to further develop their network of applications and scale up their operations. With this funding, Vivun has accelerated their product development, expanded their team and drove greater reach.
In conclusion, this funding has enabled Viviun to reach the next level of growth and success.
Summary of Vivun’s Series C
Viviun has announced that it has successfully secured $75 million in its latest Series C funding round. This additional capital will enable Viviun to strengthen its position within the software-as-a-service (SaaS) Industry by expanding its product offering, accelerating innovation, and increasing market share.
The investment was led by Insight Partners, with additional participation from Norwest Venture Partners and FirstMark Capital. This brings total investments for Vivun to more than $151 million as of June 2021. The proceeds from the Series C round will be allocated towards further developing and strengthening Vivun’s operational excellence and client service, as well as expanding the company’s current suite of products.
This Series C signals a major milestone in accepting SaaS solutions among enterprises globally. As businesses look to digitally transform their operations, they are increasingly looking at SaaS solutions like Vivun’s platform which allows them to focus on managing their businesses more efficiently while reducing costs. It also showcases how venture capital investors are willing to back strong SaaS companies with a vision for growth and success to capture significant returns over time.
Implications for the industry
The news of Vivun’s successful Series C fundraising has implications beyond just the company itself. It demonstrates substantial market interest in corporate data and analytics solutions, which can help companies better understand the needs of their customers’ needs and make more informed decisions to gain a competitive edge.
This trend is likely to continue, as businesses seek ever better ways to remain agile in an increasingly competitive and rapidly changing market. Further investments into corporate data and analytics solutions may be expected as industry players strive to develop a larger slice of the pie and attract greater market share.
At the same time, this news also calls for established industry players to quickly adapt their technologies – or risk being left behind. In addition, with greater focus on utilizing data-driven insights for improved customer experience, other firms will likely have to step up their efforts in exploring innovative solutions to stay ahead of the competition.