BELLEVUE, Wash. – BlueDot, the “innovation factory” founded by serial tech entrepreneur Naveen Jain, says it has completed a $10.1 million Series A funding round with an assist from the likes of XPRIZE founder Peter Diamandis.
Jain told GeekWire that Diamandis’ breakthrough investment fund, Bold Capital Partners, is among the participants in the round. So is Soma Somasegar, a former Microsoft executive who is now a venture partner at Madrona Venture Group. And so is CerraCap Ventures, a fund that made a splash late last year with its investment in Special Occasions, NDTV’s online wedding planning platform in India.
“Bold Capital, CerraCap Ventures, I and many other successful executives and entrepreneurs invested in the round,” Jain, who was born in India, confirmed in an email today. He said the round valued BlueDot at $60 million.