Plano-based fintech company Alkami Technology has secured $55 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 10 and led by MissionOG.
According to its Crunchbase profile, "Alkami Technology is a privately-owned software company focused on providing eBanking solutions to the financial services industry. Alkami's eBanking solution represents a quantum leap forward in the level of control and customization given to the institution while revolutionizing the user experience provided to customers and members. With its modern interface, customizable feature set, intelligent content delivery, and financial management tools, Alkami eBanking enables institutions to build stronger relationships with their customers via the online channel."
The 10-year-old company has raised seven previous funding rounds, including a $70 million Series D round in 2018.
The round brings total funding raised by Plano companies in software over the past month to $57 million, and increase of $53 million from the month before. The local software industry has seen 12 funding rounds over the past year, yielding a total of $109 million in venture funding.
In other local funding news, artificial intelligence company Cien announced a $1.3 million seed funding round on June 4, financed by Elaia.
According to Crunchbase, "Cien is a new and unique app for managing sales talent. Using the power of AI, Cien outlines your team's strengths and weaknesses, predicts outcomes, uncovers improvement areas and recommends the biggest wins for your team."
Founded in 2016, the company has raised two previous rounds, including a $1.2 million seed round in 2018.