Artificial Intelligence

bananaz: $5.3 Million (Seed) Raised To Transform Design Change Management

By Amit Chowdhry ● Dec 3, 2024

bananaz, a platform redefining design change management for R&D and engineering teams, announced its official exit from stealth mode backed by $5.3 million in seed funding from leading investors, 10D and Cardumen Capital. This milestone enables bananaz to scale its AI-based solutions, offering engineering teams the tools that eliminate the inefficiencies of traditional design workflows, saving valuable time and money across the entire production process.

Yurts: Defense-Focused GenAI Company Closes $40 Million (Series B)

By Amit Chowdhry ● Dec 3, 2024

Yurts, a leader in secure and trusted generative AI (GenAI) integration at scale for defense, government, and enterprise customers, announced a $40 million Series B funding round led by XYZ Venture Capital, with participation from Glynn Capital, Nava Ventures, Bloomberg Beta, and Mango Capital.

Wexler: AI-Based Legal Fact Intelligence Company Raises $1.4 Million (Pre-Seed)

By Amit Chowdhry ● Dec 3, 2024

Wexler AI, an AI-based legal fact intelligence platform, announced significant enhancements driving adoption among leading law firms, including Burges Salmon and a top AmLaw100 firm. And Clifford Chance is also exploring the platform for use in its world-leading litigation and dispute resolution practice. Wexler's platform automates essential fact-checking and intelligence gathering in high-stakes legal disputes, allowing lawyers to focus on more complex and strategic value-driven activities.

9fin: AI-Based Analytics Platform For Debt Capital Markets Raises $50 Million (Series B)

By Amit Chowdhry ● Dec 3, 2024

9fin, an AI-based analytics platform for debt capital markets, announced it had raised $50 million in a Series B funding round led by Highland Europe. Existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital participated.

Infleqtion: $11 Million DoD APFIT Award Received

By Amit Chowdhry ● Dec 3, 2024

Infleqtion, the leading quantum information company, announced receiving $11 million in funding from the U.S. Department of Defense (DoD) as part of the latest tranche of awards under the Accelerate the Procurement and Fielding of Innovative Technologies (APFIT) program. This funding supports Infleqtion’s work on the Rack Mounted Optical Clocks project, with Tiqker at the forefront.

Vooma: AI-Based Freight Broker And Carrier Company Raises Over $16 Million

By Amit Chowdhry ● Dec 3, 2024

Vooma, an AI-based platform designed for freight brokers and carriers of all sizes, announced it secured $13 million in Series A funding led by Craft Ventures. The additional investors in Vooma’s Series A include Definition Capital, HOF Capital, Soma Capital, Operator Stack Fund, and Index Ventures.

Revv: $20 Million Closed To Transform Auto Repair With AI

By Amit Chowdhry ● Dec 2, 2024

Revv, a company that utilizes AI and machine learning to empower automotive repair shops with SaaS solutions that enhance safety and profitability, announced it has raised over $20 million in funding. The funding round, which was led by Left Lane Capital and continued participation from Soma Capital, 1984, and Agalé Ventures, validates the industry's confidence in Revv's potential to transform auto repair services.

Selector AI: Operational Intelligence AIOps Platform Company Closes $33 Million (Series B)

By Amit Chowdhry ● Dec 2, 2024

Selector, an AIOps solution that gives the world’s largest companies complete visibility and intelligence into their highly complex networks, infrastructure and applications, announced the closing of its $33 million Series B funding round. The funding round was led by Ansa Capital. It was joined by existing investors Two Bear Capital, Atlantic Bridge, and Sinewave Ventures, as well as AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures. The new funding brings Selector’s total funding to over $66 million.

AdvantageClub.ai: Employee Engagement Solutions Company Raises $4 Million

By Amit Chowdhry ● Dec 2, 2024

AdvantageClub.ai, a leader in employee engagement solutions, announced it has raised $4 million in its latest funding round, bringing its total funding to $11 million. The funding round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.

SnapLogic: Interview With Founder & CEO Gaurav Dhillon About The Generative Integration Platform

By Amit Chowdhry ● Dec 2, 2024

SnapLogic is a generative integration platform for faster and easier digital transformation. Pulse 2.0 interviewed SnapLogic founder and CEO Gaurav Dhillon to learn more about the company.

Authenticx: Interview With Founder & CEO Amy Brown About The AI-Based Healthcare Solutions Company

By Amit Chowdhry ● Dec 2, 2024

Authenticx is a company that was founded to be a solution for healthcare to listen at scale. And it is used for turning conversations into actionable insights to reveal transformational opportunities in healthcare. Pulse 2.0 interviewed Authenticx founder and CEO Amy Brown to learn more about the company.

Stax.ai: $7 Million Raised To Help TPAs Streamline Operations

By Amit Chowdhry ● Dec 1, 2024

Stax.ai, a transformative solution that empowers retirement third-party administrators (TPAs) to streamline their operations and create efficiencies previously deemed impossible, announced $7 million in new funding led by Neotribe. To date, the company has raised $11.65 million. It will continue its momentum by investing in its next phase of customer growth and product development while building its leadership team.

Eden AI: AI Integration Company Raises €3 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

AI integration company Eden AI announced it raised a €3 million seed round led by Galion.exe. 50 Partners and several prominent business angels participated, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty).

Serenity: AI-Based EHS Software Solutions Company Raises $5.5 Million (Series A)

By Amit Chowdhry ● Nov 27, 2024

Serenity, a leader in innovative AI-based Environmental, Health, and Safety (EHS) software solutions, announced the closing of a $5.5 million Series A funding round. The funding was led by Allegion Ventures, with follow-on participation from existing investor Base10 Partners.

Range: AI-Based Wealth Tech Company Raises $28 Million (Series B)

By Amit Chowdhry ● Nov 26, 2024

Range, an all-in-one AI WealthTech platform, announced it raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This funding round brings the company's total funding to $40 million.

Wherobots: Spatial Intelligence Cloud Company Secures $21.5 Million (Series A)

By Amit Chowdhry ● Nov 26, 2024

Wherobots, a Spatial Intelligence Cloud company built by the original creators of Apache Sedona Mo Sarwat and Jia Yu, announced the closing of a $21.5 million Series A funding round to accelerate the delivery of modern solutions that close the intelligence gap between our physical and digital worlds. Felicis led the funding round, which also received continued support from Wing Venture Capital and Clear Ventures and participation from JetBlue Ventures and P7 Ventures.

PlayAI: Voice AI Platform Company Raises $21 Million (Seed)

By Amit Chowdhry ● Nov 26, 2024

PlayAI, a voice AI platform advancing conversational AI, announced that it raised a $21 million Seed round led by Kindred Ventures and 500 Global with participation from Race Capital, Y Combinator, Soma Capital, Pioneer Fund, TRAC, and others.

Infinitus Systems: Interview With Co-Founder And CEO Ankit Jain About The Healthcare AI Communication Company

By Amit Chowdhry ● Nov 26, 2024

Infinitus Systems is a Healthcare AI communication company that automates routine calls for leading brands. The company’s AI agents and AI copilots help healthcare companies offload thousands of hours of benefit verification, prior authorization, and pharmacy phone calls. Pulse 2.0 interviewed Infinitus Systems CEO and Co-founder Ankit Jain to learn more about the company.

Pyramid Analytics: AI-Based Analytics Company Raises 50 Million

By Amit Chowdhry ● Nov 26, 2024

Pyramid Analytics, an AI-based analytics and decision intelligence company, announced it has raised $50 million in new funding from funds and accounts managed by BlackRock Capital Investment Advisors.

Boosted.ai: $15 Million Secured To Help Investment Managers Automate Financial Analysis

By Amit Chowdhry ● Nov 26, 2024

Boosted.ai, a generative artificial intelligence company that works with leading investment managers to streamline and automate their financial analysis and workflows, announced the closing of a $15 million financing round.

SurePath AI: Governing Generative Enterprise Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

SurePath AI, a leader in governing generative AI for the enterprise, announced the closing of a $5.2 million seed funding round led by Uncork Capital with significant participation from Operator Collective, bringing the company’s total funding to $6.3 million. And SurePath AI’s mission is to enable secure GenAI adoption by detecting usage, mitigating risks, and controlling AI access to enterprise data so that organizations can bolster innovation and productivity.

Alison.ai: AI-Based Ad Solutions Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

Alison Technologies (Alison.ai), an AI-based advertising solutions company, announced the closing of a $13.3 million seed funding round. Almaz Capital led the round, which also included Foresight Group, Cardumen Capital, Crescendo Venture Partners, and Alumni Ventures.

Lighthouse: Commercial Intelligence Platform Secures $370 Million (Series C)

By Amit Chowdhry ● Nov 25, 2024

Lighthouse, a leading commercial intelligence platform for the travel and hospitality industry, announced a $370 million growth investment led by KKR. This funding advances Lighthouse's goal of transforming commercial strategy for the $15 billion travel & hospitality technology market. The proceeds from this funding round will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.

Trustero: AI-Based Security And Compliance Company Secures $10+ Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Trustero, an AI-based Security and Compliance, announced the closing of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. And Trustero is proving that AI can drive real revenue and breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.

Aviz: AI-Based Networking Solutions Company Secures $17 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Aviz Networks, a leader in AI-based networking solutions company, announced the closing of a $17 million Series A funding round. The funding round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures.

Enveda: $130 Million (Series C) Raised To Translate Nature Into New Medicines

By Amit Chowdhry ● Nov 24, 2024

Enveda - a biotechnology company using AI to translate nature into new medicines - announced an oversubscribed $130 million Series C funding round led by Kinnevik and FPV with participation from new and existing investors Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry R. Kravis. This funding round brings the total funding to $360 million.

Outbuild: Construction Management Company Raises $11 Million (Series A)

By Amit Chowdhry ● Nov 22, 2024

Outbuild, a construction scheduling and planning software company, announced it has raised $11 million in Series A Funding. The round was led by Sway Ventures and participated in by Hilti Venture, Trimble Ventures, and venture capital firms BGV and Zacua Ventures. This funding will help drive a targeted 100% increase in Outbuild's commercial growth by Fall 2025, support significant team expansion, and advance a product roadmap that includes AI.

Zeplyn: AI-Based Financial Advisor Assistant Company Raises $3 Million (Seed)

By Amit Chowdhry ● Nov 22, 2024

Zeplyn, an AI assistant for financial advisors, announced a $3 million seed funding round. Led by Leo Capital, with additional investment from Converge and angel investors, the funding will support the company as it rebuilds wealth management from an AI-native perspective.

Orbbec: Interview With Head of Products David Chen About The Robotics Vision Company

By Amit Chowdhry ● Nov 22, 2024

Orbbec is an industry-leading company in robotics vision and AI vision technology, dedicated to building a central platform for robotics and AI vision industry and crafting the eyes for robots. Pulse 2.0 interviewed Orbbec Head of Products David Chen to learn more about the company.

VISO TRUST: AI-Based Third-Party Risk Management Company Raises $24 Million

By Amit Chowdhry ● Nov 21, 2024

VISO TRUST, a leader in AI-based third-party risk management (TPRM), today announced the closing of its latest funding round with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.