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Appdiff Raises $2.5M for AI-Powered Mobile Testing Platform

Testing is the most expensive and time-consuming process in bringing an app to market. Appdiff is solving that problem by creating AI bots which test every facet of an app before it launches. The round led by SoftTech VC & Zetta Venture Partners will be used to further improve technology.

Ford Mobility Services Acquires Chariot!

Since 2014, Chariot has provided a fast, reliable, affordable commute in San Francisco and the Bay area, with over 100 Chariots provide thousands of rides each day. Now, as the first acquisition by Ford's Smart Mobility division, Chariot will be the cornerstone of Ford's new global shuttle service business. At least five new markets beyond the Bay Area in the next 18 months are on the agenda with the acquisition.

Shippo Raises $7 Million Series A led by Union Square Ventures

Shippo is building a network of customers and carriers to help optimize shipping for everyone that is already processing millions of packages to and from 230 countries. This Series A led by Albert Wenger will allow the company to scale its sales, marketing and product teams to 10X the business in the next couple of years. Join them!

DroneDeploy Raises $20 Million Series B to Help Any Business Put Drones to Work

Over the last year, DroneDeploy’s software has been used for a number of practical applications: criminal investigations, plane crash investigations, landfill waste statistics, agriculture land surveys, construction inspections. This funding will be used to accelerate the development of industry solutions, and boost sales and marketing.

Curse Has Been Acquired by the Game-Streaming Site Twitch

Curse, which creates programs like voice clients, databases, and mod managers for PC games was used by 30M gamers monthly. These resources will be integrated with Twitch’s own tools to deliver the ultimate gaming and community experience to 100M+ users.

Zenreach Rasies $50 Million in Funding to Close the Online to Offline Loop

Zenreach was created to solve the online-to-offline attribution problem. Via shoppers smartphones Zenreach is finally giving brick and mortar merchants the metrics they need to succeed metrics on walk-ins. Zenreach tells them whether their marketing causes customers to come back, how often, and how valuable that ultimately is to them so they can make smarter business decisions.

Prototype Manufacturer Tempo Automation Gets $8M Series A to Upgrade Factory

Tempo Automation was started to provide the fastest and most seamless development tools for electrical engineers. The company has introduced a new software-driven process for low volume electronic manufacturing, which resulted in electrical engineers receiving fully assembled and tested boards in 3 days, at the click of a button.



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From Our Blog

SoftTech VC Closes $150M Across Two New Funds

Early in January 2016, I was thrilled to announce Stephanie Palmeri and Andy McLoughlin becoming Partners! At that time, we filed SEC Form Ds disclosing the creation of two new funds – SoftTech VC V and SoftTech Plus. We’re delighted to announce that both funds have closed at their hard cap, respectively $100M and $50M –  great news as we celebrate our 12-year anniversary. Most importantly, we are beyond excited by the myriad of new, radical innovations we see coming from early stage entrepreneurs and the opportunity we have to help them realize their vision with our active support and capital.

To share a bit of background: we invest our funds on a 3-year investment cycle and will be wrapping up Fund IV (that held a final close a couple of years ago) as planned sometime in Q316. Why raise a fund when we had plenty of dry powder in Fund IV? When we discussed our fund raising plans with … Read more »

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