NETRIS RAISES $15M SERIES A FROM A16Z
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Netris secured $15 million in Series A funding from Andreessen Horowitz to accelerate deployment timelines for AI neocloud operators. The company's software runs on network switches to streamline infrastructure setup.
■ MORE FROM THE STARTUPS DESK
XCures, an AI platform for streamlining patient data and medical records, closed a $46 million Series B round at a $127 million post-money valuation. The funding brings the company's total capital raised to $76 million.
New Zealand-based Partly, an AI platform for the automotive parts industry, secured $50 million in Series B funding led by DST Global at a $500 million valuation. The round marks the company's expansion into the US market.
Assort Health, an AI voice agent platform for healthcare, secured $120 million in Series C funding led by Menlo Ventures. The round values the company at $1.2 billion.
Vishal Sikka, former CEO of Infosys, has launched Hang Ten Systems with $32 million in seed funding led by Mayfield. The startup aims to help enterprises reduce software operational expenses through AI-driven solutions.