Your Daily Funding Round-Up for August 27th ’15

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Machine diagnostics company Augury nails $7M

Israeli-American hardware diagnostics company Augury announced Wednesday the end of a $7 million Series A round.

When we say hardware, we mean old school. The company’s diagnostic device analyzes what ails air conditioners and other home appliances by recording the sounds they make and comparing them to the symptoms of other machine problems. The company’s servers analyze the noise and then send back a diagnosis for maintenance crews and repairmen.

The company was founded in 2011 by CEO Saar Yoskovitz and CTO Gal Shaul. Formulation 8, the Pritzger Group, First Round Capital and Lerer Hippeau Ventures joined Orfin Ventures and Demarest as new investors.

Apto Closes on $8 million for its real estate software

>Fintech company Apto, which works on software for real estate brokers, scored $8 million in Series B, bringing its overall tally to $10.4M. The round was led by Adam Street Partners, whose managing director Jeffrey Diehl will now join the Apto board. Other partners include Ned Hill of the Mercury Fund, who invested in the previous funding round.

Apto produces cloud-based CRM systems for real estate brokers, which are custom-designed by Apto founder CEO Tanner McGraw for the real estate industry. Apto has tripled its revenue over the last two quarters, expanding its customer base in the US and Canada. The company’s software also helps with deal management and back-office operations.

Biotech firm Benson Hill Biosystems grabbed $7.3 million in Series A

Agritech company Benson Hill Biosystems pulled in $7.3M in Series A this week, led by agriculture-focused VC Middleland Capital and the Mercury Fund. Scott Horner of Middleland and Dan Watkins of Mercury will join the Benson Hill board as part of the deal.

The company aims to increase crop yields with its software platform PSKbase™. The platform identifies genetic traits to help breeders develop new farming strategies. The funding will also go toward new trials for improving photosynthesis.

Other participants included Prelude Ventures, TechAccel, Prolog Ventures, Alexandria Venture Investments, the Missouri Technology Corporation, Biogenerator, and Cultivation Capital according to a press release.

Benson Hill was founded in 2012 by CEO Matthew Crisp. The company is also led by CFO Lee Pallas and CTO Todd Mockler.

Komli Media Grabs $4 million for its New CRM company RevX

Mumbai-based firm Komli Media reeled in Rs. 26.4 crore ($4M) to spin off its CRM RevX into a new company. The new company already claims to have 30 corporate customers ahead of a planned expansion. The new company will be managed by CEO Mukesh Agarwal and Ruksh Chatterji.

The software gathers insights from Facebook, email and other platforms to help drive engagement with companies’ mobile apps after they have been installed to better improve customer retention.

Investors for the spin included Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Peepul Capital.

Simility Grabs $3.5M in Massive Seed Round for its anti-Fraud Software

San Fran-based fraud-prevention company Simility nabbed $3.45 million in a seed funding round led by Accel Partners.

The company’s software provides an adaptive experience that combines machine learning with ongoing human analysis by updating parameters based on new fraud strategies. Currently in beta, Simility aims to launch the product publicly next year. The seed funding will go towards expanding its data science, engineering and marketing divisions according to a press release.

Egypt Plants its Flag on the Startup Map with $2 million for Wuzzuf

Cairo-based recruitment site Wuzzuf – owned by BasharSoft – reeled in $1.7 million in a record-setter for the country’s startups, thanks to infusions from European venture capitalists. While comparatively small when considering the funding Western and Asian startups are used to getting, it is a milestone for the most populated Arab country in the world.

The site was founded by CEO Ameer Sharif in 2012. The site claims 300,000 users and also maintains offices in San Francisco. The platform has so far processed over 2 million job applications and touts 40,000 hires by 5,000 companies.

UK VC Piton Capital and Swedish firm Vostok New Ventures contributed to this round, the first Middle Eastern investments for both companies according to The Tech Portal. Past investors have included Con O’Donnell and Tarek Fahim, as well as 500 Startups.

Indian solar energy site Ezysolare nabs seed funding

Ahmedabad-based solar energy company Gosolar Ventures scored an undisclosed amount of seed funding for its online project Ezysolare. Gosolar was founded in April 2014 by brothers Anmol Singh Jaggi and Puneet Singh Jaggi. Ezysolare.com was launched earlier this year as an online marketplace for solar technology. Thus far, the site has registered 45 suppliers and listed 500 solar energy products. The company also advises on other clean development mechanisms (CDMs) and renewable energy.

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