- This is the latest Pulse 2.0 funding round-up.
This is the latest Pulse 2.0 funding round-up.
Company name: Advanced Navigation
Funding amount: US$68 million
Funding round: Series B
Investors: The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon. Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund
Total funding raised: This round brough Advanced Navigation’s total amount raised to more than US$85 million.
What Advanced Navigation does: Advanced Navigation commercializes university research on AI-based inertial navigation. And since 2012, the company has experienced success and has progressed into several deep and new technology fields. This includes underwater acoustics, GNSS antennas and receivers, radio frequency systems, inertial sensors, robotics, and quantum-enhanced inertial navigation.
Announcement date: November 16
Company name: Aescape
Funding amount: $30 million
Funding round: Series A
Investors: Led by Valor Siren Ventures and Valor Equity Partners, an early investor in Tesla and SpaceX, with participation from new investors including Fifth Wall and Alley Robotics Ventures, and from existing investors including Crosslink Capital, Alumni Ventures, and NBA Champion and All-Star Kevin Love.
Total funding to date: $47.5 million
What Aescape does: Aescape helps hospitality brands, corporations, medical and wellness practitioners, and elite sports teams deliver an advanced massage therapy and holistic wellness experience based on revolutionary technology that mimics human touch.
Announcement date: November 16
Company name: Akeyless
Funding amount: $65 million
Funding round: Series B
Investors: The round was led by NGP Capital, with participation from existing investors Team8 Capital and Jerusalem Venture Partners (JVP).
Board changes: The company announced that Mike Christenson, the former COO & President of New Relic and CA Technologies, has joined as an investor and board member.
What Akeyless does: Akeyless is a fast-growing cybersecurity company serving mid-to-large enterprises.
Announcement date: November 16
Company name: Archy
Funding amount: $10 million
Investors: The round was co-led by Bessemer Venture Partners and CRV, with additional participation from Alven, Nurzhas Makishev, Adapt Ventures, 2.12 Angels, Diagram Collective, Somrat Niyogi, Instacart CEO Fidji Simo, former Uber CTO Thuan Pham, among others.
What Archy does: An all-in-one payments and management platform that powers an entire dental practice
Announcement date: November 7
Company name: ArmorCode
Funding amount: $14 million
Funding round: Series A
Investors: Led by Ballistic Ventures and other investors include Sierra Ventures, Cervin, and industry luminaries like John Donovan (former CEO of AT&T Communications), Oliver Friedrichs (founder and former CEO of Phantom Cyber), John M. Jack (current board member at Contrast Security and Illumio), and Tom Reilly (former CEO of Cloudera and ArcSight).
Total funding: $25 million raised so far
What ArmorCode does: ArmorCode is the industry’s leading AppSecOps platform. And ArmorCode customers reduce application exposure and risk, while scaling AppSec effectiveness and impact by more than 10X across the organization. ArmorCode customers use the platform for AppSec Posture, Vulnerability and Compliance Management, and DevSecOps automation.
Announcement date: November 16
Company name: Beam
Funding amount: $6.4 million
Funding round: Series A
Investors: led by Potencia Ventures, with participation from Spring Point Partners, American Family Insurance Institute for Corporate and Social Impact, Imaginable Futures, Lumina Impact Ventures, Michelson Runway, and Schmidt Futures.
What Beam does: Beam is an end-to-end platform that streamlines equitable public benefit administration, formerly known as Edquity.
Announcement date: November 17
Company name: Bonum Therapeutics
Funding amount: $93 million
Funding round: Series A
Investors: The investor syndicate that financed Good Therapeutics, including Rivervest Venture Partners, Roche Venture Fund, Digitalis Ventures, 3×5 Partners, and Codon Capital participated in the Series A financing, along with a new investor, Vivo Capital.
What Bonum Therapeutics does: Bonum Therapeutics is a biopharmaceutical company using allosteric regulation to create conditionally active and less toxic medicines. Bonum is a spinout of Good Therapeutics, which Roche acquired in August 2022 for $250 million upfront plus potential milestone payments.
Board changes: In conjunction with the financing, Mitchell Mutz, Ph.D., of Vivo Capital will be joining the Bonum board of directors.
Announcement date: November 15
Company name: BoostSecurity
Funding amount: $12 million
Funding round: Seed
Investors: Led by Sorenson Capital, with additional support from Hoxton Ventures, Golden Ventures, Firebolt Ventures and Transform VC
What BoostSecurity does: BoostSecurity is a developer-first DevSecOps automation platform that builds trust into your software supply chain from keyboard to production.
Announcement date: November 16
Company name: Brightside
Funding amount: $33 million
Funding round: Series B
Investors: Led by Obvious Ventures with participation from existing investors Andreessen Horowitz (a16z) and Trinity Ventures, as well as Clocktower Technology Ventures and Chestnut Street Ventures.
Total funding raised: Over $75 million
What Brightside does: Brightside created Financial Care, a new category in employee benefits, to help make paychecks go farther for the seven in 10 Americans who are not financially healthy. And since 2018, its Financial Assistants, proprietary rules engine, and innovative products have helped thousands of families save more than $1,200 annually (on average) while improving emergency savings and reducing debt, resulting in improved productivity, retention, and workforce diversity while lowering healthcare costs.
Announcement date: November 10
Company name: City State Entertainment
Funding amount: $15 million
Investors: This funding round consists of a combination of new and original investors, including several from Mark Jacobs’ last video game studio, Mythic Entertainment
What City State Entertainment does: City State Entertainment — the developer of the Massively Multiplayer Online Roleplaying Game Camelot Unchained, Final Stand: Ragnarök and the Unchained Engine — is led by videogaming industry veterans Mark Jacobs and George Davison.
Announcement date: November 22
Company name: CG Oncology
Funding amount: $120 million
Funding round: Oversubscribed Series E
Investors: Co-led by ORI Capital, Longitude Capital and Decheng Capital, with participation from RA Capital Management, Acorn Bioventures, Malin Corporation, Ally Bridge Group and Sirona Capital.
Board changes: In connection with the financing, Brian Liu, M.D., Principal from Longitude Capital, will join the company’s board of directors.
What CG Oncology does: CG Oncology is an oncolytic immunotherapy company focused on developing bladder-saving therapeutics for patients with urologic cancer. And at CG Oncology, the company sees a world where urologic cancer patients can benefit from innovative therapies to live and work with dignity and an enhanced quality of life.
Announcement date: November 15
Company name: Elemental Machines
Funding amount: $41 million
Funding round: Series B
Investors: Led by Sageview Capital and co-led by Omega Venture Partners with continued participation from Gutbrain Ventures and Digitalis Ventures.
What Elemental Machines does: Elemental Machines is a trusted data collection and reporting technology supplier to labs around the world. And the Cambridge-based company equips labs with universal cloud-based dashboards and turnkey sensors that unite data from every asset, every metric, and every location, enabling accurate collection, seamless sharing, and powerful reporting.
Announcement date: November 10
Company name: FogPharma
Funding amount: $178 million
Funding round: Series D
Investors: The financing round includes new investors ARCH Venture Partners, Milky Way Investments and Fidelity Management & Research Company and existing investors VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, funds and accounts advised by T. Rowe Price Associates, Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, and PagsGroup, also participated.
Board changes: In connection with the Series D Financing, Rick Klausner, M.D., has been appointed to FogPharma’s board of directors. In addition, Dr. Verdine has been appointed as chairman of the board.
What FogPharma does: FogPharma is a biopharmaceutical company that is pioneering the discovery and development of Helicon™polypeptides. And through this novel therapeutic modality, FogPharma aims to address the limitations of existing drug classes and achieve universal druggability – a world where no targets are off-limits to new medicines.
The company spun out of Harvard University by pioneering academic scientist and successful biotech company builder Dr. Gregory Verdine.
Announcement date: November 21
Company name: ISEE
Funding amount: $40 million
Funding round: Series B
Investors: Investors: Led by Founders Fund that included Maersk Growth, Eniac Ventures, New Legacy and other new and existing investors.
What ISEE does: Self-driving technology company
Total funding raised: $70 million since the company was spun out of MIT in 2017.
Announcement date: November 17
Company name: Kyte
Funding amount: $60 million
Funding round: Series B
Investors: Led by InterAlpen Partners. Other new investors include Valor Equity Partners, Anthemis, Citi Ventures, and Hearst Ventures, with significant participation from existing investors DN Capital plus 1984 Ventures, FJ Labs, and Urban Innovation Fund.
Total funding raised: This round brings Kyte’s total funding to approximately $300M across equity and debt.
What Kyte does: Kyte is reinventing the mobility market and is on a mission to “unlock the freedom to go places.” Kyte delivers cars on demand to people’s doors for all trips longer than a rideshare. The company’s intentional approach increases vehicle utilization and takes cars off the road for a more sustainable future while saving customers time and money.
Announcement date: November 10
Company name: Loops.ai
Funding amount: $14 million
Funding round: Seed
Investors: Scale Venture Partners led the round with participation from Cardumen Capital and several prominent product and growth leaders, including Brian Balfour (Founder/CEO of Reforge, former VP of Growth at Hubspot), Lenny Rachitsky (owner of Lennysnewsletter and former product lead at Airbnb), Casey Winters (Former CPO of Eventbrite and Growth Lead at Pinterest), Darius Contractor (Former Chief Product and Engineering Officer of Vnder and VP of Growth at Airtable) and Ben Shanken (VP of Product at Discord).
What Loops does: Loops is an analytics tool that helps product and data teams find impactful growth opportunities hidden across product data. Customers can get up and running on the Loops platform almost immediately, with Loops connecting directly to all a company’s different analytics solutions and its data warehouse– and they can do so with confidence in Loops’ privacy-first mindset. Loops doesn’t store any user-level data.
Announcement date: November 15
Company name: Notifi
Funding amount: $10 million
Funding round: Seed funding
Investors: Co-led by Hashed and Race Capital. Struck Capital, HRT Capital, Wintermute, Superscrypt founded by Temasek, and others have also participated in the oversubscribed round.
Total funding raised: $12.5 million
What Notifi does: Notifi is a cross-chain messaging layer for Web3
Announcement date: November 9
Company name: Ordergroove
Funding amount: Over $100 million
Funding round: Private equity round
Investors: Led by growth equity firm Primus Capital Partners
What Ordergroove does: Ordergroove enables subscription and membership experiences for the world’s largest and most innovative retailers, including L’Oréal, The Honest Company, Bonafide, IL MAKIAGE, La Colombe, and PetSmart.
Announcement date: November 10
Company name: PayZen
Funding amount $220 million
Funding round: Growth round ($20 million in equity financing and $200 million credit facility)
Investors: Led by 7wireVentures. Viola Group and SignalFire are expanding on their original investment after participating in PayZen’s Series A round last year. And all other current investors also participated, including Link Ventures and Picus Capital.
What PayZen does: PayZen is a healthcare fintech company that aims to tackle the growing patient payment responsibility problem with superior technology and a modern approach.
Board changes: Lee Shapiro, co-founder and managing partner at 7wireVentures, will join PayZen’s board.
Announcement date: November 22
Company name: Private AI
Funding amount: $8 million
Funding round: Series A
Investors: BDC Capital led this latest round of funding with participation from new investors GIT1K, and Panda Angel Partners. And it also counted on continued support from existing investors Microsoft’s Venture Fund (M12), Differential Ventures, Forum Ventures, Shasta Ventures, and Parliament Angels.
What Private AI does: Founded by privacy and machine learning experts from the University of Toronto, Private AI’s mission is to create a privacy layer for software and enhance compliance with current regulations such as the GDPR.
Announcement date: November 17
Company name: Resilience Lab
Funding amount: $15 million
Funding round: Series A
Investors: Co-led by Viewside Capital Partners and Morningside, with the support of 20 health and technology entrepreneurs.
What Resilience Lab does: Resilience Lab is the largest community of clinicians working collaboratively to produce better outcomes and improve quality mental health access. Our diverse team of best-in-class therapists is committed to delivering the best care experience.
Announcement date: November 17
Company name: RoadRunner Recycling
Funding amount: $20 million
Funding round: Series D extension
Investors: Led by Fifth Wall
What RoadRunner Recycling does: RoadRunner Recycling is a leader in comprehensive sustainable waste management. And RoadRunner Recycling is on a mission to elevate recycling in a world dominated by waste. The company provides customized and sustainable materials management solutions, supported by technology and engineered to serve thousands of commercial businesses from over 20 industries across the country.
Announcement date: November 15
Company name: SponsorUnited
Funding amount: $35 million
Funding round: Growth investment
Investors: Led by Spectrum Equity.
Board changes: Spectrum Equity managing director Chris Mitchell joining the company’s Board as a Director and Emily Calkins joining as an Observer.
What SponsorUnited does: SponsorUnited is the leading global sports and entertainment intelligence platform. The company is delivering real-time trends and on-demand research that provide invaluable insights. With over 10 million assets, 1 million deals, 200K brands, and 30K properties across sports, media, music, and events in one SaaS database, SponsorUnited enables brands, properties and agencies to partner more effectively.
Announcement date: November 21
Company name: Swell Energy
Funding amount: $120 million
Funding round: Series B
Investors: Led by SoftBank Vision Fund 2 and Greenbacker Development Opportunities Fund I, LP, with participation from an Ares Infrastructure Opportunities fund and Ontario Power Generation Pension Fund.
What Swell Energy does: Swell Energy is a company creating a greater grid for the greater good. And the energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by enabling consumers to take control of their energy use and cost, achieve energy security, and participate in the transactive grid.
Announcement date: November 22
Company name: TRM Labs
Funding amount: $70 million
Funding round: Series B
Investors: Led by Thoma Bravo, a leading software investment firm, with participation from Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others.
What TRM Labs does: TRM Labs provides blockchain intelligence to help government agencies, financial institutions and cryptocurrency businesses detect, investigate and mitigate crypto-related fraud and financial crime.
Announcement date: November 9
Company name: Veriti
Funding amount: $18.5 million
Investors: A $12 million round led by Insight Partners and a $6.5 million round led by NFX and AMITI
What Veriti does: Veriti is a fast-growing security infrastructure innovator that helps organizations maximize their security posture while ensuring business uptime. And Veriti provides a consolidated management layer that continually and proactively monitors exposure to threats and provides actionable remediation paths for security gaps and high-risk vulnerabilities across the organization’s infrastructure and attack surface.
Announcement date: November 8
Company name: Virtualness
Funding amount: $8 million
Funding round: Seed
Investors: Led by Blockchange Ventures, and joined by Polygon Ventures, F7 Ventures, Micron Ventures, Oceans Ventures, Neythri Futures Fund, Carolyn Everson, Randi Zuckerberg, Nusier Yassin (Nas Daily), Nikki Farb, Stacy Brown-Philpot, and other thought-leaders.
What Virtualness does: Virtualness is a mobile-first platform designed to help creators and brands navigate the complex world of Web3.
Announcement date: November 16
Company name: Vizit
Funding amount: $10 million
Funding round: Series A
Investors: led by Infinity Ventures and Brand Foundry Ventures. And the round also added new investors eGateway Capital and several prominent CPG, retail, and technology executives, with participation from existing investors Lakefront Partners, Lubar & Co, and others.
What Vizit does: Vizit helps the world’s largest brands and retailers win the race for consumer attention by enabling teams anywhere in the world to measure, manage, and optimize their image effectiveness at every step of the consumer journey.
Announcement date: November 7
Company name: WEKA
Funding round: $135 million
Funding amount: Oversubscribed Series D funding
Valuation: $759 million
Investors: Led by Generation Investment Management. Several notable new and existing investors also contributed, including 10D, Atreides Management, Celesta Capital, Gemini Israel Ventures, Hewlett Packard Enterprise, Hitachi Ventures, Key1 Capital, Lumir Ventures, Micron Ventures, Mirae Asset Capital, MoreTech Ventures, Norwest Venture Partners, NVIDIA, Qualcomm Ventures, and Samsung Catalyst Fund.
What WEKA does: WEKA is the only data management provider that delivers a software-based solution that supports next-generation workloads with uncompromising speed, scale, simplicity, sustainability, and seamless data portability. And the WEKA Data Platform is purpose-built for the cloud and AI era. The company’s advanced cloud-native architecture is optimized to solve complex data challenges, delivering 10-100x performance improvements, whether running on-premises, in the cloud, at the edge, or in hybrid and multi-cloud environments.
Announcement date: November 15
Company name: WorkJam
Funding amount: $50 million
Funding round: Series D
Investors: Jointly led by new investor the Fonds de solidarité FTQ and returning investor Inovia Capital. Blumberg Capital and new investor Demopolis Equity Partners also participated in the round.
What WorkJam does: WorkJam is a company that is aiming to improve the lives of frontline workers. And as the world’s leading digital frontline workplace, WorkJam combines communication, task management, scheduling tools, learning, etc – all on one app.
Announcement date: November 22
