TurbineOne Inc. raised $15M in a funding series A led by Bessemer Ventures Partners with participation from The General Partnership and XYZ Ventures to accelerate its rapidly growing business in national security markets.
Mar 27, 2024•over 1 year ago
Amount Raised
$15 Million
Round Type
series a
Investors
Pallas VenturesXyz VenturesThe General PartnershipBessemer Ventures Partners
Description
TurbineOne Inc. announced a $15-million Series-A round led by Bessemer Ventures Partners with participation from The General Partnership, XYZ Ventures, and Pallas Ventures. The funding will be used to accelerate its rapidly growing business in national security markets as the Defense Department adopts ML solutions to sort through the fog and friction of the modern battlefield.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech