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Daily Startup News: August 5th, 2024

MVPLead Offers Limited-Time Free Access to Early Adopters Database for 50 Startups

MVPLead, a premier Early Adopters Database, has announced a limited-time offer of free access to its database for the first 50 startups that sign up. This initiative aims to help emerging companies connect with early adopters who can provide valuable feedback and support during the critical early stages of product development.

Intersport hosts Georgia Tech Basketball to Take on Northwestern in Milwaukee

Georgia Tech men’s basketball team will face Northwestern on December 15 at the Fiserv Forum in Milwaukee, Wisconsin. This game is part of the MKE Tip-Off, a neutral-site basketball triple-header that also includes Akron vs. Milwaukee and San Francisco vs. Loyola Chicago. The event is managed by Intersport, a Chicago-based sports marketing and events agency.

Savvy Wealth Closes Series A at $26.5 Million

Savvy Wealth, a Chicago-based fintech startup, has closed its Series A funding round at $26.5 million. The additional $15.5 million was led by Canvas Ventures. This funding will be used to enhance Savvy Wealth’s platform, which aims to democratize wealth management through technology.

Free Grants and Programs for Small Businesses

Several grant programs and opportunities are available for small businesses in Chicago. These include the Blueprint Medtech Small Business Translator Grant, the Employee Retention Credit, Illinois Infrastructure Grants, and the Minnesota Emerging Entrepreneur Loan Program. These grants support various sectors, including medical devices, infrastructure, and minority-owned businesses.

ZEST Security Launches with $5 Million in Funding

ZEST Security, an AI-powered cloud risk resolution platform, has launched with $5 million in funding from Hanaco Venture Capital, Silvertech Ventures, and unnamed angel investors. The platform aims to address cloud risk remediation by pinpointing the root causes of cloud vulnerabilities and creating resolution paths.

Dazz Raises $50 Million for Cloud Risk Remediation

Dazz, a startup focused on vulnerability remediation for enterprises using cloud services, has raised $50 million in equity funding. Led by Greylock Partners, Cyberstarts, Insight Partners, and Index Ventures, this funding will help Dazz scale its operations and enhance its cloud security solutions.

Vanta Raises $150 Million for Enterprise Expansion

Vanta, a trust management, security, and compliance automation startup, has raised $150 million in Series C funding led by Sequoia Capital. This funding will fuel Vanta’s expansion into the enterprise sector and drive AI innovation. The company is now valued at $2.45 billion.

Check Point Names New CEO

Check Point Software Technologies has announced Nadav Zafrir as its new CEO, effective December 2024. Zafrir, co-founder and managing partner at Team8, will replace Gil Shwed, who will become the executive chairman of the board. This leadership change is expected to bring new strategic directions to the company.

Inclusive Innovation Fund Awards $50,000

The Inclusive Innovation Fund has awarded $50,000 to the Polsky Center for Entrepreneurship and Innovation and the University of Illinois Urbana-Champaign. This funding will support a new program aimed at technology commercialization in the community, engaging local students, educators, and workers.

Advanced Medicine Partners Raises $60 Million

Advanced Medicine Partners, a biotech company, has secured $60 million in funding. This investment will help advance their innovative solutions in the biotechnology space, further positioning Chicago as a leader in this sector.

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