Artificial Intelligence

Rad AI: GenAI-Based Healthcare Company Raises $50 Million

By Amit Chowdhry ● May 11, 2024

Rad AI, a leader in generative AI for healthcare, announced it raised $50 million in Series B funding. The funding round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, Gradient Ventures (Google's AI-based fund), and others. This funding round raised the total capital to over $80 million.

inHEART: Medical Device Company Raises $11 Million

By Amit Chowdhry ● May 9, 2024

inHEART, a medical device company offering the world's most advanced and AI-driven digital twin of the heart announced it has raised $11 million to drive commercial growth of its therapeutic software solution for cardiac ablation procedures and advance the development of its predictive cardiac models for heart failure, sudden cardiac death, and cardio-embolic stroke.

Darrow: Mathew Keshav Named As Chief Revenue Officer

By Amit Chowdhry ● May 9, 2024

Darrow, a leading AI-powered justice intelligence platform, announced the appointment of Mathew Keshav Lewis as its first Chief Revenue Officer and US General Manager. Lewis has over 20 years of experience driving revenue and growth for high-profile legal and technology companies, including Dealpath, Yieldstreet, and Axiom Law.

Apex: AI Security Leader Company Secures $7 Million

By Amit Chowdhry ● May 9, 2024

Apex, a leader in AI security, announced that it emerged from stealth with $7 million in seed funding. The funding round was co-led by Sequoia Capital and Index Ventures, with notable angel investors participating.

Bricklayer: Autonomous Cybersecurity Solution Company Raises $2.5 Million

By Amit Chowdhry ● May 9, 2024

Bricklayer AI has announced a $2.5 million pre-seed investment to advance the product development of its autonomous AI security analyst solution. This pre-seed round was oversubscribed, with participation from Sovereign's Capital, Dreamit Ventures, VIPC's Virginia Venture Partners, BlueWing Ventures, and Blu Ventures, and cybersecurity industry leaders.

LayerX: Browser Security Platform Company Secures $26 Million

By Amit Chowdhry ● May 9, 2024

LayerX, the innovator behind the LayerX Browser Security platform, announced $26 million in Series A funding led by Glilot+ (the early-growth fund of Glilot Capital Partners), with participation from Dell Technologies Capital and other investors. In connection with the funding round, Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.

Transcarent: Health And Care Platform Company Closes $126 Million At $2.2 Billion Valuation

By Amit Chowdhry ● May 9, 2024

Transcarent has announced a $126 million Series D investment led by General Catalyst and 7wireVentures. New investors Geodesic Capital and Memorial Hermann Health System join the group, which also has support from previous investors Threshold Ventures, Kinnevik, Ally Bridge Group, Human Capital, Merck Global Health Innovation Fund, Alta Partners, and Leaps by Bayer.

AISAP: Point Of Care Assisted Diagnosis Company Secures $13 Million

By Amit Chowdhry ● May 9, 2024

AISAP—a company that built an AI-powered Point Of Care Assisted Diagnosis (POCAD) solution that is transforming the medical ultrasound industry—announced its seed funding round. The company secured $13 million, led by Harel Insurance Investments & Financial Services Ltd. and Shoni Top Ventures, L.P.

Docusign Buying Lexion In $165 Million Deal

By Amit Chowdhry ● May 8, 2024

Docusign announced it has agreed to buy Lexion for $165 million in cash, subject to customary conditions. Lexion's simple agreement workflow platform has helped companies streamline and centralize the contracting process by using AI. Lexion customers include in-house legal teams and users across sales, procurement, finance, marketing, HR, etc.

Synopsys To Sell Software Integrity Business To Clearlake And Francisco Partners In $2.1 Billion Deal

By Amit Chowdhry ● May 6, 2024

Synopsys announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. and Francisco Partners to sell its Software Integrity Group business in a transaction valued at up to $2.1 billion. Up to $475 million in cash will be payable upon Francisco Partners and Clearlake hitting a specified rate of return in connection with one or more liquidity transactions. Upon the deal’s completion, the business will emerge as a newly independent application security testing software provider.

CoreWeave: AI Cloud Provider Company Raises $1.1 Billion

By Amit Chowdhry ● May 6, 2024

CoreWeave, a leading specialized cloud provider for AI, announced it raised $1.1 billion in new funding led by Coatue, with participation from Magnetar, who led the last primary round, and Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. The new funding round will support the rapid growth across all business areas and CoreWeave's expansion into new geographic regions to meet the explosive demand for GPU-accelerated cloud infrastructure worldwide.

Lendbuzz: $100 Million Warehouse Facility With Mizuho Americas Secured

By Amit Chowdhry ● May 6, 2024

Lendbuzz, an AI-based fintech company that helps consumers attain better access to credit when buying a vehicle, announced today that it has closed a $100 million warehouse facility with Mizuho Americas.

Epicor Buying Inventory Planning And Optimization Company Smart Software

By Amit Chowdhry ● May 5, 2024

Epicor, a leader of industry-specific enterprise software to promote business growth, announced it has acquired Smart Software, a leading provider of cloud-based and AI-driven inventory planning and optimization (IP&O) applications, and an existing Epicor ISV partner. The deal accelerates Epicor’s delivery of ERP solutions that offer practical application of AI across the spectrum of business operations for the make, move, and sell industries. The financial terms were not disclosed.

Altair Buying Computational Fluid Dynamics Software Company Research In Flight

By Amit Chowdhry ● May 5, 2024

Altair, a leader in computational intelligence, announced it has acquired Research in Flight (maker of FlightStream) - which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications.

Traceable AI: API Security Company Raises $30 Million

By Amit Chowdhry ● May 5, 2024

Traceable AI, a leading API security company, announced a $30 million strategic investment from a group of investors, including Citi Ventures (the venture arm of Citigroup), lead investor IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures.

Monocle: AI-Powered Promotion Company Raises $7.5 Million

By Amit Chowdhry ● May 2, 2024

AI-powered platform Monocle announced today that it is emerging from stealth mode to help consumer brands easily deploy and personalize promotions to turn spending into profit. A $7.5 million seed round led by F2 Venture Capital supports the platform's launch. And this funding round includes investments from Tiferes Ventures and irrvrntVC and founders at Instacart, Everlane, Melio, and Chubbies.

Deduce: Preventing AI-Created Synthetic Identities From Committing Fraud And Passing Identity Verification

By Amit Chowdhry ● May 1, 2024

Deduce is a company that mitigates SuperSynthetic identities, which are AI-generated identities that can pass automated fraud controls, manual reviews, and other identity verification. Pulse 2.0 interviewed Deduce Vice President of Marketing Andy Sheldon to learn more about the company.

Amplifier Security: $3.3 Million Raised To Enable Security Teams To Modernize Practices

By Amit Chowdhry ● May 1, 2024

Amplifier Security announced it emerged from stealth to bridge the divide between the workforce and security with AI copilot and human-in-the-loop automation. The company also raised $3.3 million to address the last-mile security challenge with a self-healing approach that transforms how employees interact with corporate security tools. Cota Capital led this pre-seed funding round with participation from WestWave Capital and Shift Left Ventures. It also included angel investments from renowned entrepreneurs and executives.

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

By Amit Chowdhry ● Apr 30, 2024

Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company's cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.

Blaize: High-Performance Computing AI Processing Solutions Company Raises $106 Million

By Amit Chowdhry ● Apr 30, 2024

Blaize, an AI computing innovator transforming edge computing solutions, announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP.

FlexAI: Universal AI Compute Company Raises €28.5 Million

By Amit Chowdhry ● Apr 30, 2024

FlexAI, a universal AI compute company, has launched with €28.5 million ($30 million) in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The additional investors include Bpifrance, Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir.

Thomvest Ventures: An Interview With Managing Director Umesh Padval

By Amit Chowdhry ● Apr 30, 2024

Thomvest Ventures is a cross-stage venture capital fund based in Silicon Valley and Toronto. The firm is investing the capital of one individual Peter Thomson - whose family owns the majority of Thomson Reuters. Peter started Thomvest Ventures in 1996 and has invested in over 75 private companies since that time. Pulse 2.0 interviewed one of Thomvest’s managing directors Umesh Padval to learn more about the firm.

Lear Acquires WIP Industrial Automation To Enhance AI Capabilities

By Amit Chowdhry ● Apr 29, 2024

Lear Corporation, a global leader in auto technology in Seating and E-Systems, today announced that it has entered into a definitive agreement to buy WIP Industrial Automation, a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications.

Jump: Helping Wealth Managers Stay Compliant In A $1+ Billion Market

By Amit Chowdhry ● Apr 29, 2024

Jump is a company that uses AI to help wealth managers automatically take notes, stay compliant, and update their CRM. Pulse 2.0 interviewed Jump co-founder and chief operating officer (COO) Tim Chaves to learn more about the company.

SmarterDx: Providing A Lifeline For Health Systems Struggling To Remain Viable In A $2 Billion Market

By Amit Chowdhry ● Apr 29, 2024

SmarterDx is a clinical AI company that discovers, delivers, and drives better quality, revenue, and care. The company uses AI to understand each patient's journey, helping hospitals close their revenue integrity differential gap. Pulse 2.0 interviewed SmarterDx CEO and co-founder Michael Gao, MD, to learn more about the company.

Treefera: AI-Enabled Data Management Company Raises $12 Million

By Amit Chowdhry ● Apr 29, 2024

Treefera, an AI-enabled data management platform focused on bringing transparency and accuracy to nature-based asset reporting like carbon credits and supply chain sustainability, announced a $12 million Series A funding round led by AlbionVC. This funding round comes only seven months after the announcement of the company’s $2.2 million pre-seed funding round.

CARV: Gaming And AI Data Layer Company Closes $10 Million

By Amit Chowdhry ● Apr 29, 2024

CARV, a modular data layer for gaming and AI, announced a $10 million Series A funding round on the heels of its recent strategic funding round. With this new funding round from industry leaders, CARV will double down on building the most significant modular data layer for gaming and AI, maximizing data innovation.

Log10: $7.2 Million Closed To Help Developers Build LLM-Powered Applications

By Amit Chowdhry ● Apr 29, 2024

Log10, a company proven to help developers build and scale more accurate LLM-powered applications, announced it has raised $7.2 million in seed funding. The seed funding round was led by TQ Ventures and Quiet Capital with participation from Essence Venture Capital.

Yoneda Labs: $4 Million Secured To Help Chemists Build Foundational Models

By Amit Chowdhry ● Apr 28, 2024

Yoneda Labs, a company that went through the Y Combinator startup accelerator and is building a foundation model for chemists working in drug discovery, announced it has raised $4 million in seed capital from Khosla Ventures, 500 Emerging Europe, 468 Capital, Fellows Fund, and Y Combinator.

Automation Anywhere: Tim McDonough Named As Chief Marketing Officer

By Amit Chowdhry ● Apr 28, 2024

Automation Anywhere, an AI-powered automation solutions leader, announced that AI marketing veteran Tim McDonough has joined the company as chief marketing officer (CMO). McDonough, who has over two decades of experience driving growth across startups and Fortune 100 companies, will shape and lead Automation Anywhere's global brand and growth strategies and go-to-market functions.