M1 Finance closes $45M Series C mere months after it raised its $33M Series B

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C.

The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed to in prior VC eras when they were viewed more cooly. Other M1 investors include Jump Capital, Clocktower Technology Ventures and Chicago Ventures, though only the first two appear to have taken part in this round.

Per M1, the Series C comes just 120 days after it raised a Series B. A good question is why M1 has raised more capital, and why Left Lane Capital wanted to lead two rounds for the consumer-focused fintech provider. Going back to our prior coverage, we can figure it out.

In February, we reported that M1 Finance had reached the $1 billion assets under management mark, or AUM.

The startup combines three different traditional fintech services into one (roboadvising, neobanking and lending), allowing it to price the package aggressively. The model appears to be working. When M1 raised its Series B a few months later in June, it had reached the $1.45 billion AUM, or about 45% growth in just over a quarter. That’s very good.

Today, the company announced that it has surpassed the $2 billion AUM mark, up more than 38% in the last four months.

M1 posted slower AUM growth in percentage terms and greater growth in raw AUM over a similar time frame heading into its Series C. But regardless of that nuance, the company’s AUM grew quickly.

That fact helps explain its new round. If you were Left Lane Capital, had just led a round into the company, and then watched it keep growing rapidly,

Augury Raises $55 Million Series D Funding to Sustain Rapid Growth, Announces New Global Partnerships and Capabilities

New Funding Round Led by Israeli-based Qumra Capital Marks Significant Increase in Valuation for IIoT Leader

Augury, a leading AI-based Machine Health solution provider, today announced it has secured $55 million in funding. The additional capital will be used to sustain and accelerate Augury’s rapid growth and to capitalize on the opportunity to help leading industrial companies improve the reliability, resilience and efficiency of their manufacturing operations. This Series D round was led by Qumra Capital, a leading late-stage venture capital firm based out of Israel. It includes participation from existing key investors, including Insight Venture Partners, Eclipse Ventures, Munich Re Venture Capital, Qualcomm Ventures and Lerer Hippeau Ventures. With this round Augury has raised $106 million since its initial funding six years ago.

The company also announced new partnerships and capabilities to help its global customers gain the benefit of prescriptive diagnostics and machine insights, no matter where in the world they operate. These include:

  • Building a network of delivery partners to supplement Augury- and Customer-led installations, including ProPap in Germany, Caverion in Finland and Pluriservice in Italy, Fuse IoT to cover Latin and South America, and 42 North who provides additional coverage for North America;

  • Expanding language support for the Augury platform, both for the platform itself and the key alerts that customers receive;

  • Broadening the range of country-specific certifications to enable deployment of Machine Health in more geographies than ever before.

“We’ve seen significant and accelerating growth in our business, both before and during the global health crisis,” said Saar Yoskovitz, co-founder and CEO of Augury. “We also continue to build a powerful ecosystem for Machine Health to deliver new forms of value for customers. Our partner and alliance network includes OEMs and services providers such as Grundfos, Carrier and Trane, insurance partner Munich Re, and innovative

Rock Band 4, All DLC, And Many Controllers Work On PS5 And Xbox Series X

Rock Band 4 the game, all of its DLC, and the previously released plastic instruments you might have already will work on the PlayStation 5 and Xbox Series X.

Developer Harmonix confirmed this in a blog post, stating that all of this will work on day one when the consoles release in November. Harmonix couched its statement with phrases and words like “we believe” and “should” because it cannot guarantee compatibility in all cases for all instruments.

Electronic drum kits and their various adapters should work as well, Harmonix said. In terms of DLC songs, all of them will work on the PS5 and Xbox Series X. Additionally, save data carries forward, but only on the same console family.

You can see a rundown of supported controllers below, but note that it is not a comprehensive list.

Rock Band 4 on PS5 and Xbox Series X will be a better experience, too, Harmonix said. There will be a “sizable performance increase” on the next-gen consoles, with the developer calling out load times in particular as an example of how Rock Band 4 will perform better.

“Both the new Xbox and PlayStation consoles are on par with each other when it comes to load times. Impressive across the board,” Harmonix said.

Harmonix also clarified that there will be cross-gen multiplayer support, but only between the same console family.

On PS5, the situation is slightly more complicated when it comes to compatibility for some devices. The PS5’s new DualSense controller has a built-in microphone, and the system will default to this. So singers who want to use a USB microphone will need to change that in the system settings.

Rock Band 4 Compatible Controllers For PS5 and Xbox Series X

  • Mad Catz RB4 Fender Stratocaster Guitar (Xbox)
  • Mad Catz RB4 Drums (Xbox)

Xbox Series X And S Preorder Guide: Console Preorders Sold Out, Accessories Still Available

Next month sees the release of two brand-new Xbox consoles, and retailers are already sold out of preorders for both the Xbox Series X and Xbox Series S. The Series X and Series S release November 10 for $500 and $300, respectively, and as of now, it’s proving to be quite challenging to secure either.

Where to preorder the Xbox Series X and Series S

Xbox Series X and Series S preorders were sold out at all major retailers as of our last update. Xbox preorder listings went live at Target, Walmart, Microsoft, GameStop, and other stores on September 22 but sold out as fast as they appeared. You can check the main store listings below in case of availability. In a recent tweet, Xbox urged its followers to sign up with retailers for stock updates and said more consoles will be available on release day.

Preorder Xbox Series X:

Preorder Xbox Series S:

Xbox Series X/S bundles

Preorder Xbox Wireless Controllers

The new Xbox Wireless Controllers releasing alongside the Xbox Series X and Series S are available in Carbon Black, Robot White, and Shock Blue. They feature a more ergonomic design; textured grips on the bumpers, triggers, and back case; and an Elite controller-inspired hybrid D-pad for improved precision. The updated controllers also have a new integrated Share button for capturing and recording gameplay moments.

Apple iPhone 12 series renders leak in all their glory

iPhone 11 on a table

  • Frequent leaker Evan Blass has posted official-looking iPhone 12 series renders.
  • The images also show off the iPhones in various colorways.
  • All four models sport sizeable notches.

The Apple iPhone 12 series is due to be unveiled later today, and we’ve already seen a few apparent leaks in recent weeks. The info drops aren’t stopping yet though, as the biggest leak yet may have dropped.

Veteran leaker Evan Blass has posted official-looking renders of the iPhone 12 series, showing four models in various colorways. The four models, as previously leaked, are the iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max.

The iPhone 12 Mini is available in black, blue, green, red, and white. Check out the phone in its various color options below.

The standard iPhone 12 shares the Mini’s colorways of black, blue, green, red, and white. It also looks like the two phones share dual rear cameras, which we’re expecting to be standard and ultra-wide shooters.

Check out the standard iPhone 12 renders below.

Meanwhile, the iPhone 12 Pro and iPhone 12 Pro Max are set to share the same blue, gold, graphite, and silver colorways. Check out the iPhone 12 Pro renders below.

The iPhone 12 Pro and iPhone 12 Pro Max continue the triple rear camera trend established by the iPhone 11 Pro and iPhone 11 Pro Max. We can also make out a smaller sensor in the lower right-hand corner of the camera housing. This could be a 3D ToF or LiDAR sensor for more accurate depth effects and augmented reality capabilities.

You can view the gallery below for Blass’s renders of the Pro Max variant.

It’s also interesting to note that all four models sport relatively wide notches that are ostensibly for 3D face unlock. We’re really hoping Apple