Today, Moralis has announced that it has raised $40M in a Series A funding round, led by Accel. Moralis is a blockchain infrastructure company that provides users with a platform to build, deploy, and operate applications on their blockchain.
This infusion of capital will help Moralis to further expand their product and engineering teams, build additional infrastructure, and enhance the adoption of their products and services.
Overview of Moralis
Moralis is an artificial intelligence (AI) and machine learning (ML) Fusion Platform designed to help organizations scale AI and ML programs across enterprise operations. Moralis enables end-to-end ML project development, workflow orchestration, data ingestion, model training and deployment from a single platform.
Founded in 2018, Moralis has focused its product development on empowering enterprises in various industries for automating processes with AI/ML capabilities. As part of their mission to facilitate corporates’ accelerated adoption of AI/ML solutions, the company recently raised $40M in Series A funding led by Accel. This will go towards accelerating product development and scaling operations for worldwide expansion.
The Series A funding round also included participation from Segment co-founder Calvin French-Owen and existing investors Floodgate Capital and WTI, which had separately invested seed capital in Moralis before this round. With this investment, the total amount raised by Moralis has now reached $46M.
Summary of Series A round
Moralis, a startup that builds a machine learning technology for people to control their digital privacy and security, recently announced that it has closed $40 million in Series A funding led by Accel. The round was joined by existing investors First Round, Costanoa Ventures and Boldstart Ventures.
The new funds will be used to expand the team – especially on the engineering side. They plan to build more AI-powered products that help individuals look after their online security while increasing Moralis’ enterprise customer base. Additionally, they plan to invest in data privacy research to ensure their users have the latest protection against emerging threats such as deepfakes, automated attacks, and artificial intelligence (AI) scams.
The funding will also be used to attract industry talent and potential customers looking for enterprise-grade solutions for managing personal data privacy and efficient data access control. Finally, it will enable them to add multiple regulatory compliance certifications like ISO 27001/27500 and GDPR to expand their global reach.
With this new funding round led by Accel Partners investing a total of $40 million, Moralis ensures its agenda of driving innovation in data security and bringing advanced privacy management tools closer to enterprises across industries worldwide is firmly on track.
Moralis is an enterprise technology company providing real-time data protection and privacy control. Founded in 2018, the company has already raised $62 million across its seed and Series A rounds. This latest Series A round, led by Accel, raised $40 million, bringing Moralis’ total funding to $102 million.
Moralis’ platform is designed to ensure data privacy and security and is used by companies operating in various industries, including finance, healthcare, and e-commerce. But, first, look at Moralis’ background and learn more about how the company has secured significant funding.
History of the company
Moralis is a smart home platform that combines an ecosystem of connected devices and allows users to easily control and manage them through a secure interface. Founded in 2016 by Rohan Puri, the company has experienced rapid growth in its short lifespan.
Moralis provides the foundation to help households create a more intelligent living environment. With Moralis, users can securely access and monitor their home with their smartphone or any other internet-connected device. The platform also enables energy efficiency, real-time monitoring and system optimization for users’ comfort, convenience and security.
In 2019, Moralis secured a $15 million Series B led by Norwest Venture Partners (NVP) with participation from existing investors including Accel Partners who helped fuel the company’s initial Series A funding of $40 million in 2017. In addition, NVP continues to be actively involved in Moralis’ board of directors, including renowned angel investor Yossi Vardi and CEO Rohan Puri.
Founded in 2018, Moralis is a software company specializing in next-generation AI technology for enterprise edge computing. Since its founding, the technical team at Moralis has created a range of products and platforms to accelerate the adoption of distributed artificial intelligence for edge computing applications.
Moralis has achieved several milestones thus far. In 2020, the company announced its Series A round of funding led by Accel with participation from existing investors and seed-round investors OpenView and Accomplice with a total raise amounting to $40 million. Five months later, the company announced Moralis EnterpriseAI – Technology Suite (MEATS) platform version 1.0, designed to offer businesses the latest in distributed artificial intelligence. At the same time, they announced their official entry into IoT market expansion with products like Moralis Edge Computing Hub and EdgeFlow product suite allowing users to deploy and manage intelligent services on any hardware platform at their operational edge of compute clusters.
The announcement came shortly after their successful launches of retrainable machine learning libraries for both deep learning and computer vision models that allow customers to create real-time machine learning models with shortcode, drastically reducing development time from hundreds of hours to minutes, enabling businesses to quickly adapt in changing competitive markets.
Moralis Raises $40M in Series A Funding
Moralis recently announced that it has closed its Series A round of financing led by Accel to the tune of $40M.
This round of funding will help Moralis expand its technology and grow its team to accelerate its product roadmap.
Further details of the round will be discussed in this article.
Moralis, Inc. announced the successful completion of its Series A funding round on April 28, 2021. The round raised an impressive $40 million, led by prominent venture capital firm Accel with participation from several other top investors including B Capital Group, M13 Ventures, and Twitch co-founder Kevin Lin. The investment will help Moralis rapidly expand its team, scale operations for global expansion, and drive product innovation to meet the immense demand for their data privacy solutions.
Founded in 2018 by CEO Amir Sharif and CTO Rami Essaid, the Moralis application seamlessly blends state-of-the-art data privacy protection with an intuitive user experience so that companies can confidently operate in a constantly changing legislative landscape. As a result, Moralis’ platform significantly reduces the time and effort expenses associated with identifying and managing user data privacy for various businesses such as enterprise software companies and e-commerce operators.
Moralis has recently closed its $40 million Series A round of funding led by the VC firm Accel, with participation from DTCP, RTP Ventures, and Marc Benioff. The round also includes returning investors TCV and Endeavour Vision. Having previously raised a €10 million seed round in 2019, Moralis’ total fundraising amount has now reached $50 million.
The new capital will help Moralis scale up its data privacy software to organizations worldwide while expanding its platform capabilities and international presence. Moreover, the funds will bolster the company’s go-to-market strategies and enable it to provide better service to customers in different stages of their data privacy journey.
Moralis is looking forward to leveraging this strategic partnership with Accel as it builds on its mission of helping companies keep user data private while allowing them to effectively use that data for business insights and digital experiences for customers. FinSMEs reported on the funding on May 17th, 2021.
Use of funds
Moralis announced that the company has raised $40 million in Series A funding, led by Accel with participation from existing investors like Khosla Ventures, Lightspeed Venture Partners, Uncork Capital and Pear Ventures. In addition, the funding round includes participation from other investors who recognized the potential of Moralis’ vision.
The new capital will increase the company’s efforts to accelerate its momentum, expand its product portfolio and experience platform and drive adoption within existing customer segments. It will also help Moralis grow its team of data engineers, product managers, software developers and other experts in the field to develop solutions more quickly.
The Series A investment follows strong signings since live-ing last year’s seed round: over 20 high-profile enterprise companies such as Vectorform – an innovation partner of Microsoft – Clio – legal industry’s leader in practice management software solutions – and Olark– a leading provider of customer service solutions – have committed to using Moralis as their enterprise security solution provider. Additionally, numerous other top customers are actively evaluating Moralis for their needs.
Impact of the Series A Round
Moralis, an autonomous AI startup, recently raised $40 million in a series A round led by Accel, an early-stage venture capital firm. Despite the uncertainty of the ongoing pandemic, Moralis closed the round relatively quickly, due to the promising AI technology it has developed.
In this article, we’ll discuss the potential impact of the Moralis series A round on its future.
The successful completion of the Series A round of funding is a major milestone for any organization, and Moralis’ recent success is a testament to their commitment and hard work. In addition, this $40M investment demonstrates investors’ confidence in Moralis’ potential to impact their industry.
The influx of capital that the new round brings will allow Moralis to expand operations into the global market, hire more talented team members, bring their innovative projects to fruition, capitalize on new business opportunities, further develop partnerships and collaborations with third-party entities – generally giving them more resources and flexibility in how they can reach their objectives.
Moreover, having a world-renowned venture capital firm such as Accel support this Series A investment gives extra credibility to Moralis and the technology they are developing. This could attract more customers as enhancing customer confidence should be one of the main goals of any startup. This can help them build strong relationships with multiple stakeholders in the ecosystem who could help propel their business even further.
Ultimately, this Series A funding gives Moralis a golden opportunity to continue realizing their ambitions and long-term improvement plans – namely creating transformative products and services within emerging markets globally – in an accelerated manner.
Raising capital for startups, especially through the Series A round of funding, is an arduous and costly process that presents many challenges. On one hand, series A funding supposes a milestone in a startup’s journey toward longer-term growth and progress. On the other, it is not always easy to raise capital or find the right investors willing to commit their resources.
Equally as tricky is finding sufficient resources to cover all the associated costs of raising funds— professional fees and legal structures being just some of those items billed by startups during their Series A campaign. Such costs can add up quickly and could compromise a startup’s earnings potential before it can prove its worth on the market.
Moreover, once all money is raised for Series A campaigns, there comes anticipation from investors who expect validation that their funding will be used with prudence and invested in activities that align with the prospective venture’s roadmap. This tends to pressure founders to prove themselves able by either meeting certain milestones or growing optimistically via strategic decision making within limited resources.
Regardless of these challenges ahead, Moralis successfully raised $40M in their series A round led by Accel— demonstrating strong potential from current products offered as well as potential services planned for development down the line.
After announcing its $40 million Series A round led by Accel, Moralis has become a major player in the blockchain space. This funding will help Moralis grow its team and further develop their blockchain-based platform.
With this funding round, Moralis is well positioned to become a leader in the blockchain industry. Let’s look closer after its Series A funding.
Summary of Moralis’ Series A round
Moralis, an AI-driven edge computing company, announced it has raised $40 million in Series A funding led by Accel and joined by other strategic investors. This round brings Moralis’ total funding to date to $55 million.
This influx of capital will expand the team, develop research initiatives and accelerate go-to-market strategies across Moralis’ data center, edge computing and device management solutions. In addition, this new round will enable Moralis to further develop its comprehensive suite of edge computing solutions that includes on-premise Edge Data Centers (EDCs) and an edge AI cloud platform with advanced features like machine learning, real-time analytics and predictive analytics alerts.
In addition to a host of strategic investors including Weatherford Capital, Wanda Sports Ventures and JW Asset Management joining the round, Moralis also welcomed Alfred Lin of Sequoia Capital—a long time partner—to join the Moralis Board. This latest announcement marks a big milestone for the 5 year-old startup founded out of stealth mode in 2016.
The firm is setting itself up for success by strategically partnering with blue chip investors with broad operational experience in cloud software platforms, AI/ML technologies and digital transformation technologies. Moralis has already made waves in the market by winning marquee enterprise clients such as Ericsson and Verizon – two customers currently using its EDC solutions for simplified infrastructure management at remote sites.
Moralis’ Series A round of funding will be instrumental for the company in pursuing opportunities for growth and expansion. Through these investments, the company will strive to become a leader in the MLOps space, working with leading organizations to build a platform that empowers teams to embrace and operationalise AI faster.
The influx of money will also help Moralis’ development of cutting-edge artificial intelligence technologies, as well as its ability to provide best-in-class service to customers looking to deploy MLOps. Furthermore, Moralis’ team is committed to promoting educational initiatives through their partnerships and ensuring parity in education across geographic boundaries.
In the long term, Moralis envisions bringing its platform—and advantages of MLOps—to more than 5 million developers worldwide by 2025. With this great commitment towards bettering global AI development standards and multiplying business value for global customers through its advanced SaaS platform, Moralis is well placed for future growth prospects as it enters this new venture capitalism stage.
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