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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Assent Compliance raises $350M

Ottawa-based , a provider of software used in tracking and improving supply chain sustainability, announced it raised $350 million in a financing led by .

The investment sets a valuation of over $1 billion for Assent, which says it has expanded its global workforce by 35 percent and grown annual recurring revenue by more than 50 percent over the past 12 months.

— Joanna Glasner

PayFit lands $287M for payroll tools

Paris-based , a provider of payroll tools for small and medium-sized businesses, raised 254 million euros ($287 million) in a Series E funding round. led the round, with participation from existing investors , and .

The financing sets a valuation of around $2 billion for the 7-year-old company. With the latest round, total funding to date is around $495 million, per Crunchbase data.

— Joanna Glasner

Funding rounds

Labelbox closes $110M round: San Francisco-based raised a $110 million Series D led by 2. The  company, whose software helps integrate training data to improve ML/AI model performance, has raised $189 million in venture funding since being founded in 2018. and Databricks Ventures also participated in the new round, along with previous investors , and , CEO and founder of .

— Chris Metinko

iProov pulls in $70M: London-based , a provider of technology to authenticate remote users online for onboarding and verification, raised $70 million in a growth investment backed by . The financing follows a sharp growth spurt for Silicon Valley-based iProov, which said it tripled revenue from 2020 to 2021.

— Joanna Glasner

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