Innovation

Nirmata: $9.6 Million Raised For Expanding AI-Based Policy-As-Code Solutions

By Amit Chowdhry ● Feb 12, 2025

Nirmata, a leader in cloud-native security policy automation and governance solutions, announced a $9.6 million funding round led by Peak XV Surge (formerly Sequoia Capital India & SEA). Dallas Venture Capital, Dreamit Ventures, and existing investors Z5 Capital and Uncorrelated Ventures participated as well.

Warner Music Group Buys Controlling Stake Of Tempo Music

By Amit Chowdhry ● Feb 12, 2025

Warner Music Group announced that it acquired a controlling stake in Tempo Music Investments, which is an investment platform for premium music rights, from Providence Equity Partners. And Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.

Altus Power To Be Acquired By TPG In $2.2 Billion Deal

By Amit Chowdhry ● Feb 12, 2025

Altus Power, which is the largest owner of commercial-scale solar in the US, announced it entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5 per share of its Class A common stock in an all-cash transaction that values the company at about $2.2 billion, including outstanding debt.

XOi Announces Acquisition Of On-Demand Data Enrichment Company Specifx

By Amit Chowdhry ● Feb 12, 2025

XOi, a provider of job site-focused technology solutions for the field service ecosystem, announced the acquisition of Specifx, an on-demand data enrichment and metadata retrieval platform for field service equipment. The acquisition was enabled by an investment from funds managed by leading global investment firm KKR. This funding from KKR marks the most significant milestone yet in XOi’s journey to build out its system of work for the field service ecosystem.

Cerabyte: Interview With Co-Founder & CMO Martin Kunze About The Data Storage Company

By Amit Chowdhry ● Feb 12, 2025

Cerabyte is a deep-tech company developing a new ecosystem for sustainable low-cost long-term data storage at the verified prototype system level (TRL6). Pulse 2.0 interviewed Cerabyte co-founder and Chief Marketing Officer (CMO) Martin Kunze to learn more about the company.

SimpliGov: Strategic Growth Funding Raised From JMI Equity

By Amit Chowdhry ● Feb 11, 2025

SimpliGov, a leading no-code workflow automation platform for government organizations, announced a strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies.

Frontenac: Oversubscribed Fund XIII Closed At $900 Million

By Amit Chowdhry ● Feb 11, 2025

Frontenac, a Chicago-based private equity firm, announced the closing of its 13th fund Frontenac XIII Private Capital L.P. This fund was significantly oversubscribed and closed at $900 million of committed capital, well above its initial $700 million target. And the more recent predecessor funds, Frontenac XII (2022 vintage), XI (2018), and X (2014) totaled commitments of $520 million, $325 million, and $250 million, respectively.

Voyantis: $41 Million Raised For Customer Acquisition Growth Platform

By Amit Chowdhry ● Feb 11, 2025

Voyantis, an AI-driven growth platform for customer acquisition and lifecycle optimization, announced it raised $41 million in funding, bringing the total funding to $60 million. The funding round was led by Intel Capital with participation from Square Peg, Target Global, Jibe, Redseed, Alicorn, 20Growth, Essential and ICON. And Intel Capital Investment Director Lisa Cohen will also join Voyantis’ board of directors to further accelerate the company’s growth.

Limited: $3 Million (Pre-Seed) Raised To Transform Banking Through Stablecoins And Self-Custody

By Amit Chowdhry ● Feb 11, 2025

Limited, a next-generation fintech startup providing stablecoin-based premium global banking services, announced it raised a $3 million pre-seed funding round led by Third Prime, with participation from The House Fund and Arche Capital. And the company, founded by Hussein Ahmed, aims to transform how businesses and consumers worldwide interact with money by merging the best of crypto technology with the familiarity of traditional banking—minus the institutional vulnerabilities seen in failing banks or centralized exchanges.

Coral: C$4.1 Million (Seed) Raised For Women’s Digital Health Platform

By Amit Chowdhry ● Feb 11, 2025

Women’s digital health company Coral announced the completion of a C$4.1 million seed funding round and the launch of its virtual care platform. The round was led by Brightspark, with participation from Diagram and The51 and joined by high-profile angel investors.

Sardine: AI-Based Risk Platform Raises $70 Million

By Amit Chowdhry ● Feb 11, 2025

Sardine, a leading AI risk platform for fraud, compliance, and credit underwriting, announced a $70 million Series C funding round, bringing the total capital raised to $145 million. The funding round was led by Activant Capital, with participation from new and existing investors, including Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody's Analytics, Experian Ventures, and NAventures.

Gravity Diagnostics: $5 Million Raised For Testing Solutions Platform

By Amit Chowdhry ● Feb 11, 2025

Advantage Capital (a leading impact investment firm that invests with intention in underserved areas), in partnership with the Community Development Venture Capital Alliance (CDVCA), announced a $5 million investment in Gravity Diagnostics. Based in Covington, Kentucky, Gravity Diagnostics is a clinical lab providing testing solutions in toxicology, pharmacogenetics, infectious and upper respiratory diseases, blood diagnostics, and COVID-19 testing.

Zeta: $50 Million Raised At $2 Billion Valuation For Banking Tech Platform

By Amit Chowdhry ● Feb 11, 2025

Zeta, a next-gen banking tech provider to financial institutions, announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. Zeta was previously valued at a pre-money valuation of $1.15 billion when it raised $250 million from Softbank Vision Fund 2 and several other investors in 2021.

Archer: $300 Million Raised From BlackRock To Advance Hybrid Aircraft Platform

By Amit Chowdhry ● Feb 11, 2025

Archer announced it raised $301.75 million, further helping Archer’s strong financial position and strategically positioning it to advance the development of its hybrid aircraft platform for the defense market and beyond. Some leading institutional investors participated in this financing, including funds and accounts managed by BlackRock.

TECLens: $9.3 Million (Series A) Raised For Advancing Non-Invasive Refractive Technology

By Amit Chowdhry ● Feb 11, 2025

TECLens, a clinical-stage ophthalmic medical device company, announced it raised $9.3 million in a Series A round co-led by Johnson & Johnson Innovation – JJDC Inc. and Yonjin Capital. And other investors include Rimonci Capital and Sunmed Capital. The funding is allocated to support the clinical development of the company’s non-incisional refractive correction procedure that utilizes corneal cross-linking (CXL) for reshaping the cornea.

Endera: $49 Million To Accelerate Growth In Electric Bus Market

By Amit Chowdhry ● Feb 11, 2025

Endera, a technology and manufacturing leader in the electric bus market, announced that it has secured $49 million in its latest funding round. This funding round includes a $36 million equity investment led by Magnetar, with participation from Pulse Fund — whose founder, Tenzin Seldon, has joined Endera’s board of directors — and Endera’s longtime strategic partner, Pritchard Auto Company.

Harrison.ai: $112 Million (Series C) Raised For AI-Based Medical Diagnostic Support

By Amit Chowdhry ● Feb 11, 2025

Harrison.ai, a leading global healthtech company and developer of AI-based medical diagnostic support and workflow solutions, announced the accelerated expansion of its operations into the US, which is a move supported by $112 million of Series C funding. The funding round was co-led by Aware Super, ECP, and existing investor Horizons Ventures. New investors like Australia’s National Reconstruction Fund Corporation (NRFC), Ord Minnett and Wollemi Capital Group also participated, along with existing investors including Blackbird Ventures and Alpha JWC Ventures. And Harrison.ai’s total capital raised to date exceeds $240 million.

Positron: $23.5 Million Raised For Designing Made-In-America AI Chips

By Amit Chowdhry ● Feb 11, 2025

Positron, a growing force in AI inference technology for AI computing, announced it has raised $23.5 million in funding from a group of investors, including Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve.

SelectQuote Reveals $350 Million Investment From Bain, Morgan Stanley, And Newlight Partners

By Amit Chowdhry ● Feb 11, 2025

SelectQuote—a leading distributor of Medicare insurance policies and owner of a rapidly growing healthcare services platform—announced that it signed a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.

Lynx: $27 Million Raised For Transforming Healthcare Administration And Payments

By Amit Chowdhry ● Feb 11, 2025

Lynx, a leading fintech platform that is simplifying healthcare payments and administration, announced the closing of an oversubscribed $27 million Series A funding round. The round was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing investors .406 Ventures, Obvious Ventures, and Frist Cressey Ventures. And this round brings the total funding to over $44 million since launching in 2022.

DevAI: $6 Million Raised For Empowering Enterprise IT With AI Agents

By Amit Chowdhry ● Feb 11, 2025

DevAI, a company building agentic AI solutions for enterprise IT teams, announced it raised $6 million in an oversubscribed seed round led by Emergence Capital. The funding round also included participation from Pear VC, Base10, and Benchstrength, and follows a $1 million pre-seed investment from Pear VC.

Berry Street: $50 Million Raised For Nutrition Counseling Platform

By Amit Chowdhry ● Feb 11, 2025

Berry Street, a leading nutrition counseling platform in the US, announced it raised $50 million in its latest funding roundz to expand its AI business-in-a-box platform, already serving thousands of dietitians and growing. The company has secured investment from Northzone, Sofina, FJ Labs, the Founder of Revolut, the Co-Founder of Spring Health, the Co-Founder of Grow Therapy, the CEO of Found, and others.

Atomicwork: $25 Million (Series A) Raised For Agentic Service Management Solutions

By Amit Chowdhry ● Feb 11, 2025

Atomicwork, a leading innovator in agentic service management solutions for Enterprise IT, announced that it has raised $25 million for its Series A funding round. The funding round was led by Khosla Ventures and Z47, with participation from Battery Ventures, Blume Ventures, and Peak XV Partners.

Delfina: $17 Million (Series A) Raised For Transforming Maternal Health With AI-Based Proactive Care

By Amit Chowdhry ● Feb 11, 2025

Delfina Care - a healthcare technology company solving the maternal health crisis with an AI-based care system - announced the successful closing of its $17 million Series A funding round led by U.S. Venture Partners (USVP). The Series A funding round was led by U.S. Venture Partners (USVP) and it included participation from new investors ARTIS Ventures, Mayo Clinic, and Tokio Marine Future Fund. Delfina's existing investors also participated in the round, including Story Ventures, SemperVirens, Bread and Butter Ventures, Boutique Ventures, and Chelsea Clinton's Metrodora Ventures.

Paxton: $22 Million (Series A) Secured For Transforming Legal AI

By Amit Chowdhry ● Feb 11, 2025

Paxton, an AI platform transforming legal workflows, announced it closed a $22 million Series A funding round led by Unusual Ventures, alongside Kyber Knight, 25Madison, and Wisconsin Valley Ventures. This brings Paxton’s total funding to $28 million, following its $6 million seed round in 2023.

Lorikeet: $9 Million Raised For Transforming Customer Experiences

By Amit Chowdhry ● Feb 11, 2025

AI customer experience company Lorikeet announced it raised $9 million in funding from Blackbird and existing investors Square Peg and Skip Capital. The funding was driven by breakout growth in 2024 across major financial centers in Australia, Asia, and the US. This announcement comes just four months after the company raised a $5 million seed round last year.

Bourque Logistics: Over $100 Million Growth Funding Raised From Sixth Street

By Amit Chowdhry ● Feb 11, 2025

Bourque Logistics (a leader in rail logistics systems) and Sixth Street (a leading global investment firm) announced that Bourque has closed a $100+ million financing from Sixth Street. This growth financing supports Bourque's recently announced acquisition of AllTranstek, which combines the respective rail fleet logistics and asset management expertise of Bourque and AllTranstek into a comprehensive solution for the rail industry.

Seraphic: $29 Million (Series A) Raised For Enterprise Browser Security

By Amit Chowdhry ● Feb 11, 2025

Seraphic Security, a leader in enterprise browser security, announced that it has secured a $29 million Series A funding round led by GreatPoint Ventures (GPV), with participation from the CrowdStrike Falcon Fund and existing investors Planven, Cota Capital, Storm Ventures, Eastlink and Secure Octane.

Boostly: $22 Million Raised For Automated SMS Marketing Platform

By Amit Chowdhry ● Feb 11, 2025

Boostly, a leading provider of automated SMS marketing and feedback solutions for restaurants, announced it has raised $22 million in growth capital led by PeakSpan Capital with participation from existing investors Y Combinator, Trestle Partners, and Singularity Capital. This significant Series A funding round comes just six months after Boostly's $5.6 million seed round, validating the company's extraordinary growth trajectory and market potential.

Aluratek: Interview With CEO John Wolikow About The Consumer Electronics Company

By Amit Chowdhry ● Feb 11, 2025

Aluratek is a company that was formed in 2006 by a group of tech enthusiasts who believe consumer electronic devices can be both sophisticated and easy to use. And the company is passionate about identifying new trends and reacting quickly to bring new innovative products to the market. Pulse 2.0 interviewed Aluratek CEO John Wolikow to learn more about the company.