Innovation

cylib: Sustainable Battery Recycling Company Secures €55 Million

By Amit Chowdhry ● May 16, 2024

Sustainable end-to-end battery recycling firm cylib announced the completion of its €55 million Series A funding round in equity financing. The funding round, which is the largest round ever raised by a European battery recycling company, was completed less than two years after the company started operations. cylib will utilize the funding to power the industrialization of its proprietary technology, which is already used by leading OEMs and battery manufacturers, by scaling up its operations at an already-secured brownfield industrial facility in Germany.

Firmus: Pre-Construction AI Design Review And Risk Analysis Company Raises Funding

By Amit Chowdhry ● May 16, 2024

Firmus, a market leader in pre-construction AI design review and risk analysis, announced it closed on several million dollars in additional funding. The funding will facilitate Firmus' commitment to revolutionizing the industry's approach to pre-construction. Navitas Capital led the funding round, which included Heartland Ventures, PiLabs, and Unorthodox Ventures.

Opmed.ai: AI-Based Healthcare Optimization Platform Company Raises $15 Million

By Amit Chowdhry ● May 16, 2024

Opmed.ai, the AI optimization platform for healthcare, announced the successful funding of $15 million in Series A funding. The funding round was co-led by NFX and Grove Ventures, with Secret Chord Ventures, the Impact investor Sir Ronald Cohen, and Unbox Ventures also participating.

Integrated Partners Names Andree Mohr As President

By Amit Chowdhry ● May 16, 2024

Integrated Partners - a national financial planning and registered investment advisory (RIA) firm that serves $18+ billion in assets under advisement (AUA) - announced the promotion of Andree Mohr to president. Mohr has frequently earned recognition among her peers via accolades and industry awards, playing a major role in the firm's development since joining in 2015.

EnCap: $1.5 Billion Energy Transition Fund II Closed

By Amit Chowdhry ● May 16, 2024

EnCap has closed EnCap Energy Transition Fund II (EETF II) with approximately $1.5 billion in commitments. EnCap’s second energy transition fund was created to invest in solutions to decarbonize the power industry while also opportunistically investing in low-carbon fuels and carbon management.

TuMeke: Empowering Safety Professionals To Mitigate Ergonomic Risks In A $100+ Billion Industry

By Amit Chowdhry ● May 16, 2024

TuMeke is a company that built an AI-powered ergonomic assessment platform that empowers safety professionals to identify and mitigate ergonomic risks efficiently. TuMeke was born out of a collaboration between co-founders Riley Noland, Diwakar Ganesan, and Zach Noland. Pulse 2.0 interviewed Noland to learn more about the company.

Cover Genius: Embedded Protection Insurtech Company Raises $80 Million

By Amit Chowdhry ● May 16, 2024

Cover Genius - a leading insurtech for embedded protection - announced an $80 million Series E funding round. The funding round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.

OverT Bio: $16 Million Raised To Unlock The Potential Of Cell Therapies In Solid Tumors

By Amit Chowdhry ● May 16, 2024

OverT Bio (a data-driven company working to unlock the curative potential of cell therapies in solid tumors) has raised $16 million in seed funding. This funding round was co-led by ARTIS Ventures and Wing VC, with participation from Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and Cancer Research Institute. This funding round will expand discovery platforms focused on addressing the primary barriers for cell therapy, leading to durable and curative treatments for advanced solid tumors.