Innovation

MedCognetics Reveals First Embedded AI Cancer Detection System For Mammography Imaging

By Amit Chowdhry ● Oct 14, 2024

MedCognetics, a company focusing on medical imaging AI, announced the successful testing and implementation of the first embedded AI image processing and cancer detection system for mammography. This system - which utilizes the NVIDIA IGX Orin medical-grade edge AI platform alongside MedCognetics’ advanced AI-enabled software CogNet AI-MT - was developed in collaboration with clinical leaders worldwide. CogNet AI-MT has been trained on a diverse global dataset to enhance radiologists' performance and help improve patient outcomes worldwide.

Chan Zuckerberg Biohub New York Launches To Bring Together Talented Scientists From Local Universities

By Amit Chowdhry ● Oct 14, 2024

Leadership from Chan Zuckerberg Biohub New York, the Chan Zuckerberg Initiative (CZI), and representatives from Columbia University, The Rockefeller University, and Yale University recently gathered to celebrate progress in their mission to bioengineer immune cells for the early detection and treatment of diseases.

RadiantGraph: $11 Million (Series A) Raised For Expanding AI-Based Personalized Engagement For Health Plans

By Amit Chowdhry ● Oct 14, 2024

RadiantGraph, a platform using AI to drive consumer engagement for healthcare, announced that it has raised an $11 million Series A funding round, led by M13, with meaningful participation from XYZ Ventures and True Ventures. The funding will be used to continue the expansion of the company’s platform capabilities and drive scalable growth and savings within health plans and health service organizations. The company’s seed round included Glen Tullman (CEO, Transcarent), Lee Shapiro (CFO, Livongo), Mohsin Hussien (CTO, Liveramp), Yusuf Sherwani (CEO, Pelago Health), and Chethan Bachireddy (Chief Health Officer, Harris Health).

Quartr: Public Market Research Company Raises $6 Million

By Amit Chowdhry ● Oct 14, 2024

Quartr, a software and data provider transforming qualitative public market research for finance and investor relations (IR) professionals, announced the closing of a $6 million investment from Altos Ventures.

SuiteSpot: Multifamily Centralization Platform Closes Series A Funding Round

By Amit Chowdhry ● Oct 14, 2024

SuiteSpot, a multifamily centralization software, announced the closing of its Series A financing round. The round was led by leading real estate technology venture capital firm RET Ventures, with additional participation from UDR, a leading multifamily REIT.

Truthset: Data Validation-As-A-Service Offering Raises $5 Million (Series A)

By Amit Chowdhry ● Oct 14, 2024

Truthset, a leading data validation-as-a-service offering, announced it secured $5 million in Series A funding to accelerate its next phase of growth and adoption with the advertising industry. Data Point Capital led the round with participation from more than 20 industry insiders.

Beam Benefits: $40 Million In Growth Capital From Trinity Capital

By Amit Chowdhry ● Oct 14, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-oriented companies - announced the commitment of $40 million in growth capital to Beam Benefits, a digitally native employee benefits company.

Surfin: Fintech Platform For Underserved Markets Raises $12.5 Million

By Amit Chowdhry ● Oct 14, 2024

Surfin, a financial technology platform dedicated to serving the underserved middle class, announced it has raised $12.5 million from Insignia Ventures Partners. This funding round comes as Surfin announces its service to 60 million individuals across eight countries on three continents, with about $2.7 billion in cumulative transactions.

Feed The Future Innovation Lab For Fish At Mississippi State University Reveals Startup And Scaling Activities

By Amit Chowdhry ● Oct 14, 2024

Mississippi State University announced it supports the U.S. Agency for International Development-funded Feed the Future Innovation Lab for Fish, managed by MSU’s Global Center for Aquatic Health and Food Security. Recently, the Fish Innovation Lab announced a $600,000 portfolio of six new one-year activities to increase food security in Asia and Africa.

Case Status: $19.7 Million (Series B) Raised For Transforming Legal Client Engagement

By Amit Chowdhry ● Oct 14, 2024

Case Status, a leading AI-based client engagement platform for law firms, announced the closing of its Series B funding round at $19.7 million led by Grayhawk Capital and Topmark Partners. This funding round also includes BIP Ventures, Front Porch Ventures, and more. Case Status was launched in 2018 by Attorney Lauren Gulley and tech entrepreneur Andy Seavers.

Princeton University Launches Office Of Innovation

By Amit Chowdhry ● Oct 14, 2024

Princeton University announced it has launched the Office of Innovation, a bold step to facilitate and elevate the University’s expanding innovation pursuits. This office will be a key resource for faculty, researchers, and entrepreneurs who want to be involved in building a collaborative ecosystem that will spur real progress on society’s most pressing challenges.

University Of Melbourne: Seven Startups To Raise $11.7 Million

By Amit Chowdhry ● Oct 14, 2024

Seven early-stage startups are expected to receive between them $11.7 million in investment, an outcome of the University of Melbourne’s strategy to drive research translation by supporting the growth of more early-stage ventures affiliated with the University and its medical research institute partners. And these investments come from the $15 million University of Melbourne Genesis Pre-Seed Fund in partnership with Breakthrough Victoria, and the $125 million Tin Alley Ventures fund, a joint venture with Tanarra Capital, both now in their second year of operation.

Chartbeat Raises Strategic Growth Funding From Bain Capital

By Amit Chowdhry ● Oct 13, 2024

Chartbeat, a leading media software platform and a portfolio company of Cuadrilla Capital announced that it has received a strategic growth investment from Bain Capital's Private Credit Group. And Bain Capital will join Cuadrilla as an institutional investor in Chartbeat.

EPAM To Buy Northern Ireland-Based Managed Services Company First Derivative

By Amit Chowdhry ● Oct 13, 2024

EPAM Systems announced an agreement to buy First Derivative, a Northern Ireland-based managed services and consulting business for the capital markets industry with over 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America, and APAC.

Qantev: AI-Based Health And Life Insurance Platform Company Raises $33 Million

By Amit Chowdhry ● Oct 13, 2024

Qantev – which is one the most advanced AI-based platform transforming how health and life insurers manage claims, reduce costs and improve services – announced it has raised $33 million in a new funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes and Raise Venture.

Booster Therapeutics: $15 Million Raised To Develop New Class Of Proteasome Activator Medicines

By Amit Chowdhry ● Oct 13, 2024

Booster Therapeutics, a biotechnology company pioneering a new class of proteasome activator medicines to treat neurodegenerative and other diseases, launched with the support of a $15 million funding led by noted life sciences investors Apollo Health Ventures and Novo Holdings. And Booster was founded by Dr. Diogo Feleciano, Prof. Dr. Darci Trader, and Apollo Health Ventures, emerging from Apollo's company creation investment strategy.

POLARIS Laboratories Raises Strategic Investment From Riverspan Partners

By Amit Chowdhry ● Oct 13, 2024

POLARIS Laboratories - an industry leader in fluid analysis testing and reliability services - announced it has received a strategic investment from Riverspan Partners, a Chicago-based private equity firm specializing in growth-oriented investments in the industrial sector. And Riverspan’s support will bring expertise for POLARIS to advance its position as the independent global leader in maintenance and reliability condition monitoring services.

RCG Global Buys Aethereus To Strengthen Salesforce And Data Services

By Amit Chowdhry ● Oct 13, 2024

RCG Global Services, a leader in technology consulting and business-first engineering and part of the Frontenac portfolio, announced its acquisition of Aethereus, an award-winning Salesforce Summit Partner specializing in advisory, experience design, and multi-cloud transformation. This deal marks a significant milestone in RCG’s growth strategy, strengthening its Salesforce consulting capabilities, expanding its industry and core cloud offerings, and increasing its India presence.

Solvd Buying AI Consulting Company EastBanc Technologies

By Amit Chowdhry ● Oct 13, 2024

Solvd, an end-to-end software engineering company and global technology consultancy, announced the acquisition of EastBanc Technologies, a U.S.-based AI consulting firm. This move sets a clear course for Solvd's AI-driven strategy and new AI offerings.

Eleanor Health: $30 Million (Series D) Raised For Transforming Delivery Of Substance Disorder Care

By Amit Chowdhry ● Oct 13, 2024

Eleanor Health - an outpatient addiction treatment provider working to transform the quality, delivery and accessibility of substance use disorder care - announced it raised a $30 million Series D funding round led by General Catalyst, with participation from existing and new investors, including Town Hall Ventures, Echo Health Ventures, Northpond Ventures, Rethink Impact and Emerson Collective.

BrightNight: $440 Million Strategic Investment Raised From Goldman Sachs And Credit Facility Upsized To $400 Million

By Amit Chowdhry ● Oct 13, 2024

BrightNight, a next-generation renewable power producer focused on delivering clean and dispatchable power solutions, announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives.

ThinkLabs: Interview With Founder & CEO Josh Wong About The AI Deployment Company

By Amit Chowdhry ● Oct 11, 2024

ThinkLabs AI is a specialized AI development and deployment company. Pulse 2.0 interviewed ThinkLabs AI founder and CEO Josh Wong to learn more about the company.

Pinpoint Predictive Raises Series A Funding Round, Bringing Total Raised To Over $23 Million

By Amit Chowdhry ● Oct 11, 2024

Pinpoint Predictive, a leading risk assessment platform for P&C Insurers, announced it closed a highly anticipated Series A funding round led by prominent Insurtech VC Markd along with esteemed investors Jazz Venture Partners, Guidewire Ventures, Verstra Ventures, Navigate Ventures and Seraph Group bringing the total capital raised by Pinpoint to over $23 million.

Hometap: $278 Million Securitization Of Originated Home Equity Investments Closed

By Amit Chowdhry ● Oct 11, 2024

Hometap, a Boston-based financial technology company pioneering debt-free home equity financing for American homeowners, announced the closing of HTAP 2024-2, a $278 million securitization backed by Hometap-originated home equity investments. This is the second securitization of Hometap-originated home equity investments this year, following closely on the heels of HTAP 2024-1, the oversubscribed debut of Hometap’s proprietary securitization platform.

Fenergo: Financial Crime Partner Michael Shepard Named To Advisory Board

By Amit Chowdhry ● Oct 11, 2024

Fenergo, a leading provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), announced the appointment of financial crime veteran Michael Shepard to its Growth Advisory Board. And Shepard will utilize his extensive expertise to support Fenergo’s continued U.S. expansion, enhance global AML and financial crime compliance strategies and provide strategic guidance to support growth.

Josys: SaaS Management Platform Company Raises $100 Million In Venture Debt

By Amit Chowdhry ● Oct 11, 2024

Josys, a SaaS Management platform that simplifies how IT works, announced it has successfully secured $100 million in venture debt. This latest funding - combined with the $125 million Josys has previously raised - gives the company the strongest financial backing of any SaaS Management company in the world.

Villanova University: $1.25 Billion Comprehensive Capital Campaign Launched

By Amit Chowdhry ● Oct 11, 2024

Villanova University President, the Rev. Peter M. Donohue, OSA, PhD, announced the launch of a $1.25 billion comprehensive capital campaign Espiritus Nova: The Campaign for Villanova University. And the University started the public phase of its campaign—the most ambitious fundraising effort in Villanova’s 182-year history—having already raised over $640 million towards its $1.25 billion goal.

Sonair: 3D Ultrasonic Sensor Technology Raises $6.8 Million

By Amit Chowdhry ● Oct 11, 2024

Norwegian company Sonair - a company that is launching a groundbreaking sensor that uses ultrasound in the air to give robots safe spatial awareness in 3D- announced it raised a total of $6.8 million with Skyfall Ventures leading the latest $1.6 million round. RunwayFBU, another early-stage VC fund, also contributed to the round.

Singulate: GenAI Marketing Platform Company Raises $2.3 Million (Pre-Seed)

By Amit Chowdhry ● Oct 11, 2024

Singulate, a generative AI marketing platform, announced it raised a $2.3 million pre-seed round of funding from angel investors and venture capital firms. The company sees the next era of email marketing using generative AI and LLMs to unlock far easier segmentation and better personalization in large-scale communication, beginning with email marketing.

Synergi: €2 Million (Seed) Raised To Accelerate Transition Toward Sustainable Energy

By Amit Chowdhry ● Oct 11, 2024

Synergi, a Finnish tech company that is accelerating the transition toward sustainable energy sources with smart and flexible software for consumers and utilities, announced the completion of its €2 million seed funding round. Greencode Ventures led the round, while Vaens joined as a new follower. And existing investors Lifeline Ventures, APX (the first-cheque investor of Porsche and Axel Springer), and Wave Ventures also participated in the round.