Startups

Quilt: Smart Home Climate Solution Company Secures $33 Million

By Amit Chowdhry ● Apr 17, 2024

Quilt, a smart home climate solution company, announced a $33 million Series A funding round co-led by Energy Impact Partners and Galvanize Climate Solutions. Lowercarbon Capital, Gradient Ventures, MCJ Collective, Garage Capital, Incite Ventures, and Drew Scott also participated.

Collaborative Robotics: $100 Million Raised To Transform Industrial Automation

By Amit Chowdhry ● Apr 16, 2024

Collaborative Robotics (or Cobot), a leader in developing practical collaborative robots (cobots), announced it has raised $100 million in Series B funding led by General Catalyst and joined by Bison Ventures, Industry Ventures, and Lux Capital. Existing investors Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures also joined in this round as well, bringing the total funding raised to over $140 million in under two years. Cobot also announced that Teresa Carlson has joined the company as an Advisor.

Somite: AI-Based Stem Cell Therapy Company Closes $5.3 Million In Funding

By Amit Chowdhry ● Apr 16, 2024

Somite, a company aiming to become the OpenAI of stem cell biology, announced that it had raised $5.3 million in pre-seed funding. This funding round was led by TechAviv and joined by Next Coast Ventures, Trust Ventures, Texas Venture Partners, Lerer Hippeau, and others. The funding will be used to continue developing Somite’s proprietary AlphaStem AI platform, build Somite labs, and bring the first therapeutic asset to Phase 1 clinical trials.

Upstream Security: Funding Raised From Cisco Investments

By Amit Chowdhry ● Apr 16, 2024

Upstream Security, a leading provider of cybersecurity extended detection and response (XDR) for connected vehicles and IoT announced it received an investment from Cisco Investments.

Ecotrak: Intelligent Facilities Management Company Raises $30 Million

By Amit Chowdhry ● Apr 16, 2024

Ecotrak, a leading intelligent facility management platform, announced the closing of a $30 million funding round. Respida Capital led the round, which included participation from Carver Road Capital and existing investor Gala Capital Partners.

Cynomi: Leading vCISO Platform Provider Secures $20 Million

By Amit Chowdhry ● Apr 16, 2024

Cynomi, a leading vCISO platform provider for MSPs and MSSPs, announced $20 million in new funding. This funding round was led by Canaan, with Flint Capital, s16vc, and Aloniq among return investors. This funding round will also drive Cynomi's international expansion efforts, enabling the company to enhance the vCISO platform offerings and enable partners to overcome cybersecurity skills gaps and scale businesses up.

KODE Labs: Autonomous Smart Building Company Raises $30 Million

By Amit Chowdhry ● Apr 16, 2024

KODE Labs, a Detroit-based autonomous smart building startup, announced the closing of a $30 million Series B round. Headed by Maverix Private Equity, this milestone funding round also saw enthusiastic participation from esteemed partners TELUS Ventures and existing investor I Squared Capital. This funding round marks a significant moment for KODE, enabling the company to help buildings worldwide achieve net-zero emissions.

Vidyard: AI Avatar Video Messaging Company Closes $15 Million In Funding

By Amit Chowdhry ● Apr 16, 2024

Video messaging company Vidyard has introduced the industry’s first hyper-realistic AI Avatars (looks and sounds just like the user) to its Messages platform. Vidyard also revealed that it has secured $15 million in funding led by Export Development Canada (EDC) with participation from BMO Capital Partners and existing investors Battery Ventures, Bessemer Venture Partners, and iNovia Capital. Including this funding round, Vidyard has raised $90.7 million in total funding.

Rivos: RISC-V Accelerated Platform Company Raises Over $250 Million

By Amit Chowdhry ● Apr 16, 2024

Rivos, a RISC-V accelerated platform company targeting data analytics and Generative AI, announced it had raised over $250 million in its oversubscribed Series A-3 funding round. Matrix Capital Management, the largest investor in this round, joined the Board, represented by Romit Shah. This funding round also saw participation from new investors, including Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN, and Hotung Venture Group, and additional participation from existing investors Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance.

Evolution Equity Partners: $1.1 Billion Closed For Technology Fund III

By Amit Chowdhry ● Apr 16, 2024

Evolution Equity Partners announced the final closing of Evolution Technology Fund III, LP, and total capital commitments of $1.1 billion to invest in visionary entrepreneurs building next-generation cybersecurity companies. This fundraising was oversubscribed by existing and new limited partners, representing a mix of institutions, sovereign investors, insurance companies, endowments, foundations, fund of funds, family offices, and high-net-worth individuals.

LQDX: Advanced Semiconductor Manufacturing Materials Company Raises $10 Million

By Amit Chowdhry ● Apr 16, 2024

Averatek, a developer of high-performance materials for advanced semiconductor manufacturing, announced that it has relaunched as LQDX ('lik-WID-ix) to focus on the rapid adoption of its AI-enabling chemistries and process technologies. The company also concluded a combined equity and initial government funding round of $10 million to fund this next growth stage.

Arcadia: Utility Data And Community Solar Company Closes $50 Million

By Amit Chowdhry ● Apr 16, 2024

Arcadia, a global utility data and community solar platform, announced the closing of a growth round. This funding will support the continued growth of the company's community solar program and product innovation utilizing AI to unlock new use cases built on the company's substantial energy data.

Upstage: Document AI Processing Company Secures $72 Million

By Amit Chowdhry ● Apr 16, 2024

Upstage, an AI company specializing in large language models (LLMs) and Document AI, announced that it has raised $72 million in a Series B funding round. With this latest funding round, Upstage has raised over $100 million since its founding in October 2020, making it the most funded South Korean AI software company in history.

Writ: $3.8 Million Raised To Help Companies Make Informed Decisions

By Amit Chowdhry ● Apr 16, 2024

Writ, a company rethinking how companies use data to make decisions, announced $3.8 million in Series Seed funding today. Gradient Ventures led the round, which included participation from Defy.vc, High Alpha, Toba Capital, and several angels.

Nectero Medical: $96 Million Secured To Develop Novel Therapies To Treat Aneurysmal Disease

By Amit Chowdhry ● Apr 16, 2024

Nectero Medical, a clinical-stage biotechnology company pioneering novel therapies to treat aneurysmal disease, announced the closing of its $96 million Series D funding round. This round was led by Norwest Venture Partners and included large investments from Boston Scientific Corporation, BioStar Capital, Cadence Healthcare Ventures, Aphelion Capital, and other firms.

DeepCure: Small Molecule Therapeutics Company Raises $24 Million

By Amit Chowdhry ● Apr 16, 2024

DeepCure, a leader in developing novel, small-molecule therapeutics powered by AI and chemistry automation, announced today the closing of a $24.6 million Series A-1 financing led by IAG Capital Partners (IAG) with participation from the company’s current investors. Since its founding, DeepCure has raised over $72 million in funding.

PeerDB: PostgreSQL Data Movement Platform Company Closes $3.6 Million

By Amit Chowdhry ● Apr 15, 2024

PeerDB, a leading data movement platform for PostgreSQL, announced it received $3.6 million in seed round funding. The investors in the round include lead investor 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective, and several angel investors.

Tabs: Accounts Receivable Platform Secures $7 Million

By Amit Chowdhry ● Apr 15, 2024

Tabs, an Accounts Receivable (AR) platform for B2B businesses, announced a $7 million seed funding round led by Lightspeed Venture Partners. This round raises the company’s total funding to $12 million, including a pre-seed round from Primary Ventures.

Patlytics: AI-Based Patent Workflow Platform Company Raises $4.5 Million

By Amit Chowdhry ● Apr 15, 2024

AI-based patent workflow platform Patlytics announced it raised $4.5 million in seed funding led by Gradient, Google's AI-focused venture fund. Additional participating investors include 8VC, Joe Montana’s Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures, and several undisclosed angel investors, such as select partners from premier law firms and Datadog President Amit Agarwal.

Anrok: Sales Tax Platform Company Secures $30 Million

By Amit Chowdhry ● Apr 13, 2024

Anrok, a global sales tax platform for software companies, announced it has raised $30 million in a Series B funding round led by Khosla Ventures. The participants also included Sequoia Capital, Index Ventures, and others, including Karen Peacock (former CEO of Intercom), David Faugno (former CFO of Qualtrics and current president of 1Password), Alex Estevez (former CFO of Atlassian), and Elad Gil.

Cariloop: Caregiver Support Platform Company Raises $20 Million

By Amit Chowdhry ● Apr 13, 2024

Cariloop, a leading comprehensive caregiver support platform, announced the closing of its Series C funding round at $20 million. ABS Capital led this round, which included existing investors Noro-Moseley Partners, KCRise Fund, Revolution’s Rise of the Rest Seed Fund, and Patterson Thoma Family Office.

Carrar: Battery Module And Thermal Management Systems Company Raises $5.3 Million

By Amit Chowdhry ● Apr 13, 2024

Carrar, a provider of battery modules and thermal management systems for electric vehicles (EVs), announced the closing of its $5.3 million Series A funding round for delivering commercial automotive-grade battery modules for electric vehicles (EVs) with novel internal thermal management based on two-phase immersion technology.

Spresso: AI-Powered E-Commerce Solutions Company Raises Series A Funding

By Amit Chowdhry ● Apr 13, 2024

Spresso, a leading provider of AI-powered solutions for e-commerce businesses, announced an initial Series A investment from funds and accounts managed by BlackRock. This funding round will accelerate the company's global expansion, enabling businesses with a comprehensive suite of data-driven tools for optimizing growth, profitability, and operations.

Bite: Intelligent Kiosk Solutions Company Closes $9 Million

By Amit Chowdhry ● Apr 13, 2024

Bite, a provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, announced it has secured $9 million in Series A funding. The round was led by Staley Capital, with participation from Graham Partners, Food-X, One Way Ventures, and Tamarisc Ventures. This funding round will drive Bite’s mission to elevate the hospitality experience by offering an intuitive ordering solution for guests placing orders in restaurant venues.

Platform Science: $125 Million In Growth Capital Raised

By Amit Chowdhry ● Apr 13, 2024

Platform Science, a leading-edge application platform for transportation, announced that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector. The key strategic investors in this round included C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider. And new financial investors included Activant Capital, BDT & MSD Partners, and Manhattan Venture Partners. Platform Science also saw strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures.

ID5: Digital Ad Provider Secures $20 Million

By Amit Chowdhry ● Apr 11, 2024

ID5, a market-leading identity provider for digital advertising, announced a Series B funding round of $20 million. TransUnion and S4S Ventures join existing investors Progress Ventures, Seventure Partners, 360 Capital Partners, Axio, and Aperiam Ventures to support ID5 in growing its privacy-first advertising identity service. And in connection with the funding round, Sanja Partalo, Co-Founder and Managing Partner of S4S Ventures, and Michael Schoen, EVP and head of TruAudience marketing solutions at TransUnion, join the ID5 board of directors.

Zinclusive: $10 Million Raised To Make Financing More Accessible

By Amit Chowdhry ● Apr 11, 2024

Zinclusive - a financially inclusive lender built to disrupt the multi-billion dollar predatory high-interest unsecured consumer lending market -announced it has raised $10 million from a private family office to expand access to more affordable credit to disrupt the predatory high-interest consumer lending market. Utilizing innovative underwriting models and alternative data, Zinclusive aims to offer more competitive rates, benefiting customers with limited or poor credit histories.

PVML: Data Protection Technology Company Raises $8 Million

By Amit Chowdhry ● Apr 11, 2024

PVML has announced the general availability of its platform for secure AI-powered data access and $8 million in seed funding led by NFX with participation from FJ Labs and Gefen Capital.

Rally UXR: Modern User Research CRM Company Closes $8.8 Million In Seed Funding

By Amit Chowdhry ● Apr 11, 2024

Rally announced it raised $8.8 million in funding to connect teams with their users more meaningfully. The $8.8 million funding round includes a recent Seed round led by Stage 2 Capital with participation from Y Combinator and TIA Ventures. This funding round will bring Rally to a broader audience and further its goal of connecting teams with their users.

Guesty: Property Management Software Company Secures $130 Million

By Amit Chowdhry ● Apr 11, 2024

Guesty, a leading property management software platform for the short-term rental (STR) and hospitality industry, announced a $130 million Series F funding round led by KKR. Inovia Capital and existing investors Apax Funds, BDT & MSD Partners, and Sixth Street joined the round, extending their support following Guesty's significant expansion and sustained growth.