5 largest funding rounds closed by Romanian startups in 2020

AIN.TECH selected Romanian startups that raised the largest investments in 2020.

UiPath, $225 million

UiPath, the leading Robotic Process Automation company, has closed its Series E investment round, raising $225 million. The round was led by Alkeon Capital Management with participation from Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington.

UiPath designs and develops robotic process automation and artificial intelligence software. 

Neurolabs, $1.1 million

Neurolabs, an early-stage Computer Vision startup, has completed a $1.1  million pre-seed funding round led by Lunar Ventures and Techstart Ventures alongside with participation from 7percent Ventures, ID4 Ventures, Charles Songhurst, and Andreas Wiese. 

The company builds a Computer Vision platform allowing users to build custom image recognition algorithms using 3D models. 

Soleadify, $1.5 million

Soleadify, a search engine for businesses and business data, has raised $1.5 million in a seed round. The round was led by European venture firms GapMinder, Venture Partners, and DayOne Capital with participation from some business angels through SeedBlink.

Soleadify is aimed to make it as easy as possible for B2B companies to find new clients. The customers can use a unique database of 43 million companies for their sales channels.

Innoship, $650K

Innoship, the developer of the Saas solution, has announced a Seed investment from GapMinder VC worth $650K. 

Innoship is the advanced multi-carrier shipping software, which allows retail and eCommerce businesses efficiently manage their own courier contracts and multiple delivery options.

Cyscale, $410K

Cyscale, the first Cloud Management, Security, and Compliance company, has raised $410K in a pre-seed round. The funding came from investors SeedBlink and GapMinder VC.

yscale is a consultancy and development agency helping Enterprises adopt and migrate to the Cloud by providing an Automated Cloud Security Platform.