Startups

NobleAI: Science-Based AI Company Closes Over $10 Million

By Amit Chowdhry ● Apr 8, 2024

NobleAI, a pioneer in Science-Based AI solutions for Chemical and Material Informatics, announced over $10 million in Series A extension financing. New investor Sway Ventures led the round and was joined by Dorilton Ventures. The round also included additional investments from NobleAI’s original Series A investors.

Hailo: Edge AI Processor Company Raises $120 Million

By Amit Chowdhry ● Apr 8, 2024

Hailo, a pioneering chipmaker of edge AI processors, announced it had extended its series C fundraising round with an additional $120 million investment. The company also introduced its innovative Hailo-10 high-performance generative AI (GenAI) accelerators, which ushered in a time when users could own and run GenAI applications locally without registering with cloud-based GenAI services.

Datavolo: AI-Based Data Pipeline Company Raises $21 Million

By Amit Chowdhry ● Apr 8, 2024

Datavolo, a leader in multimodal data pipelines for AI, announced that it has raised over $21 million in financing, led by General Catalyst, with participation from notable investors, including Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures. This funding includes the company’s seed and Series A funding round.

TechGrid: Business Automation Platform Company Raises $9.2 Million

By Amit Chowdhry ● Apr 7, 2024

TechGrid, a business platform for technology service providers (TSPs), announced it has secured a $9.2 million Series A investment from Bellini Capital. Formerly called SecurEdge Networks, TechGrid works with TSPs, including Managed Service Providers (MSPs) and Value-Added Resellers (VARs), by streamlining workflows for selling, fulfilling, and managing IT solutions delivered to businesses. The new funding round will help evolve and scale the platform.

Miach Orthopaedics: $20 Million Raised To Transform Anterior Cruciate Ligament Tear Treatment

By Amit Chowdhry ● Apr 7, 2024

Miach Orthopaedics - a company transforming the treatment of anterior cruciate ligament (ACL) tears from reconstruction to restoration with the Bridge-Enhanced ACL Restoration (BEAR) Implant - announced the closing of a $20 million Series B extension financing round. The funding will support the commercial expansion and clinical activities for the BEAR Implant, which has been used to treat nearly 3,000 patients with anterior cruciate ligament (ACL) tears.

Proxima: Data Intelligence Software Company Raises $12 Million

By Amit Chowdhry ● Apr 7, 2024

Proxima - a data intelligence software company that enables consumer technology businesses to scale customer acquisition profitably, expand customer lifetime value, and optimize full lifecycle marketing - announced the closing of a $12 million Series A round led by Mucker Capital. And the other investors in the round include Aglae Ventures (the family office of LVMH founder), Great Oaks Venture Partners, Data Point Capital, Broadway Venture Partners, FirstLook Partners, and Connexa Capital.

Alterome Therapeutics: $132 Million Closed To Pioneer Small Molecule Targeted Therapies For Cancer Treatments

By Amit Chowdhry ● Apr 7, 2024

Alterome Therapeutics, a biopharmaceutical company pioneering the development of small-molecule targeted therapies for cancer treatment, announced the closing of a $132 million Series B financing. The proceeds from the funding round will support the advancement of multiple wholly-owned pipeline programs in the clinic, such as a specific AKT1 E17K inhibitor and a KRAS-selective inhibitor.

Torus: Energy Solutions Company Raises $67 Million

By Amit Chowdhry ● Apr 7, 2024

Torus announced some milestones, including completing an equity fundraising round and expanding its Board of Directors. This $67 million financing round (in the form of conversion of outstanding notes and a loan facility) was led by Origin Ventures. The financing also features contributions from notable institutional investors, including Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, and ICONIQ.

Higgsfield AI: $8 Million Secured To Provide Advanced Video Creation Tools Accessible To Creators

By Amit Chowdhry ● Apr 7, 2024

Higgsfield AI, a company focused on democratizing social media video creation, recently announced $8 million in seed funding led by Menlo Ventures. This new funding round marks a major milestone in Higgsfield AI's goal to bring video AI generation and editing into the mainstream with its proprietary video model.

OROS Labs: Thermal Solutions Company Closes $22 Million

By Amit Chowdhry ● Apr 7, 2024

OROS Labs, a thermal solutions company known for creating Solarcore, announced the closing of its Series B funding round, raising $22 million to support its expansion in consumer, commercial, and government industries. This funding round was led by Airbus Ventures and participated in by REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, and others.

EarliTec Diagnostics: $21.5 Million Secured To Develop Therapeutic Solutions For Children With Autism

By Amit Chowdhry ● Apr 6, 2024

EarliTec Diagnostics, a medical device company focused on diagnostic and therapeutic solutions for children with autism and related early childhood vulnerabilities, announced a $21.5 million Series B financing round led by Nexus NeuroTech Ventures and Venture Investors Health Fund. This funding will expand commercialization efforts and advance clinical research for the first-in-kind EarliPoint Evaluation, which aids clinicians in diagnosing and assessing autism in children aged 16 to 30 months.

Juniper Biomedical: $3 Million Raised To Develop Solutions For Treating Pelvic Health Disorders

By Amit Chowdhry ● Apr 6, 2024

Juniper Biomedical - a medical device company that is focused on developing solutions that treat pelvic health disorders like incontinence using their unique neuromodulation micro-implant - announced that it has completed an oversubscribed $2 million seed funding round and also has been awarded $1 million through the NIH Common Fund as a winner of the NIH SPARC Neuromod Prize, a competition designed to accelerate the development of targeted neuromodulation therapies.

Seso: Agriculture Workforce Management Platform Company Raises $26 Million

By Amit Chowdhry ● Apr 6, 2024

Seso - a workforce management platform for agriculture - announced the closing of a $26M Series B led by BOND with participation from Index Ventures, NFX, SV Angel, and other prominent investors. And several Seso customers also participated in the round.