The Flo water security and management system is a new Wi-Fi connected device professionally installed on your main water supply line, Flo Technologies announced Monday.
The system uses an iOS or Android app that controls conservation, monitoring and security settings. By continually monitoring your home’s water flow, pressure and temperature, Flo detects abnormalities to help you avoid problems like bursting pipes. Read rest here.
As can be observed by our portfolio, Crosslink has been thinking a lot about geospatial analytics as an important emerging technical capability. The combination of innovations in remote sensing, computer vision, and deep learning come together to create incredible new capabilities to assess happenings on earth and, more specifically, the world’s physical infrastructure.
Today we announce our latest investment in the geospatial analytics market, Enview. Enview provides 3D geospatial data and analytics to help protect the world’s energy infrastructure, focusing initially on supporting the operational safety and reliability of oil & gas pipelines and electric power lines. Enview’s technology enables operators to prevent significant threats to their infrastructure, produce tangible savings in operating expenses by automating what are today extremely manual tasks and generate dramatically higher fidelity insights. Read rest here.
Today I’m happy to announce that we’ve reached a major milestone in our mission to connect every business in the $10 trillion construction industry. We have raised $22 million in Series B funding led by Lightspeed Venture Partners, with participation from existing investors Crosslink Capital, Homebrew, Freestyle, Bee Partners and Brick & Mortar. This brings our total funding to over $37 million.
From cat sitting to a million dollar company
When I started BuildingConnected in 2012, I had a clear vision of the kind of company I wanted to create. After working for six years as a general contractor for major construction companies such as Bechtel, Rudolph & Sletten and XL Construction, I saw a pressing need for modern, user-friendly preconstruction software. Read rest here.
It’s a bank account and debit card built for the digital age.
Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others.
Without monthly fees or overdraft charges, Chime tries to appeal to the millennial generation, touting its affordability and easy-to-use app. Since launching in 2014, Chime has signed up 500,000 customers, who are typically in their late 20s and making between $50,000 and $70,000 per year. Read rest here.