Company and portfolio news and updates

LevaData, the supply management software company that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing, announced today that it raised $47 million in Series C funding. 

Phil Sorgen, a former Microsoft corporate vice president who was most recently chief revenue officer at RingCentral, is joining Seattle-area investment firm Tola Capital as a venture partner.

Microsoft is acquiring Clipchamp, a Brisbane, Australia-based startup that makes a video creation and editing platform.

With the purchase of IntSights, Rapid7 says it will combine its existing threat intelligence technologies with IntSights’ threat detection and remediation capabilities in a single customer offering.

Simpplr, an employee communications and enablement platform, announced that it has raised a $32 million Series C round led by Tola Capital.

Nooks, a virtual workspace targeting distributed teams, has attracted thousands of users and millions of dollars in venture capital. The Stanford student-led upstart has raised a $5 million seed round led by Tola Capital.

Every tech vendor has to pass security muster with customers, typically a tedious activity involving answering long questionnaires. Kintent, a new startup that wants to automate this process, announced a $4 million seed round.