Vantage | February 2021

Here are the latest updates on the portfolio companies across the Vertex network. Get connected with us today – sign up for our monthly newsletter here.

Growth

• Bicycle Therapeutics (HC & Growth) announced pipeline progress
• Cymulate (IL & Growth) integrated with Microsoft Defender for Endpoint protection and detection capabilities
• Horizon Robotics (CN) Journey AI processor passed the 100,000-shipment mark, achieved safety compliance for its System-on-Chip development process
• Harbour Biomed (CN) obtained Breakthrough Therapeutic Drug qualification from the National Food and Drug Administration
• Licious (SEAI & Growth) announced strategic expansion to 7 Tier I & II domestic markets and appointed Reckitt Benckiser’s Rajnish Goel as chief supply chain officer
• Taranis (IL & Growth) announced Bar Veinstein as new CEO
• Warung Pintar (SEAI) launched new platform to help warungs order goods from distributors

Investments

• Biconomy (CN) raised USD 1.5M seed round
• Desktop Metal (US) announced plans to acquire EnvisionTEC
• Horizon Robotics (CN) raised USD 400M Series C2 round
• iOranges (CN) raised over RMB 100M Series B+ round
• OwnBackup (IL) raised USD 167.5M Series D round
• Pace (SEAI) raised a seed round
• Valtix (US) raised USD 12.5M round
• Very Good Security (US) raised USD 60M Series C round

Partnership

• Ace Turtle (SEAI) partnered with Kontoor Brands to lead integrated strategy for Lee and Wrangler India
• Active.AI (SEAI) partnered Hexaware to deliver next gen digital experiences for banking and insurance
• Axonius (IL) partnered with Exclusive Networks to expand distribution in Germany, Austria and Switzerland (Article in German)
• Geek+ (CN & Growth) partnered with with Universal Logic to elevate Industry 4.0
• Grab (SEAI) partnered with Panasonic to ensure air hygiene for customers, partnered with Watsons to provide last-mile delivery and cashless payment options
• Happy Fresh (SEAI) partnered with Ben’s Independent Grocer to cater to upmarket clientele
• Innoviz Technologies (IL) announced partnership with Macnica for mass adoption in Japan
• TurnKey Lender (SEAI) partnered Zomo Rails to provide the new era of lending in Canada, partnered Alkami to provide banks and credit unions an integrated digital banking solution
• Validus (SEAI & Growth) partnered proptech startup Really Singapore to enable pre-approved working capital for SMEs

Recognition

• D-Fend (IL) CEO shared how their solution protects organizations against rogue drones
• Glowroad (SEAI) CEO shared how the company is disrupting social commerce in India
• Hasura (US) Co-founders shared the company’s growth
• Julive (CN) CEO shared the company’s services and offerings (article in Chinese)
• Kryon (IL) CEO shared his predictions for RPA in 2021
• Licious (SEAI & Growth) Co-founders shared the company’s ESOPs offering
• Perimeter X (SEAI & Growth) CIO shared his thoughts on DevOps
• Verbit (IL & Growth) CEO shared the company’s performance and prospects, CRO & GM shared the company’s core value of helping others.