Innovation

Tenable Buying Eureka To Bring Data Security Posture Management To Cloud Platform

By Amit Chowdhry ● Jun 12, 2024

Exposure management company Tenable Holdings announced that it has signed a definitive agreement to acquire Eureka Security, a provider of data security posture management (DSPM) for cloud environments. And Eureka Security helps security teams gain a holistic view into an organization’s cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and improve their security posture over time. The acquisition is expected to close this month.

Cinnaire: $175 Million Equity Fund Closed To Create More Affordable Homes

By Amit Chowdhry ● Jun 12, 2024

Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, which is a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. This fund comprises 14 investors and will support the creation or preservation of 1,228 affordable multi-family homes across 22 properties in Michigan, Illinois, Indiana and Wisconsin.

Balance Point Capital: Strategic Investment In Essential Turbines Completed

By Amit Chowdhry ● Jun 12, 2024

Balance Point Capital Advisors, in connection with its affiliated funds Balance Point Capital Partners V, L.P., and Balance Point Capital Partners VI, L.P., announced an investment in Essential Turbines, a provider of maintenance, repair and overhaul (MRO) services for aircraft engines. And Balance Point provided debt and equity in support of the deal, along with private equity investment firm Swift Anchor Holdings.

Ashby: $30 Million Raised To Help Companies Scale Hiring Processes

By Amit Chowdhry ● Jun 12, 2024

Ashby, a recruiting platform that helps companies efficiently scale hiring, announced it has raised an additional $30 million in equity financing. Lachy Groom, who also led Ashby's seed round, led the Series C funding round, which included participation from Elad Gil, F-Prime, Y Combinator, and existing Ashby customers. So far, the company has raised roughly $70 million.

Tobiko Data: $4.5 Million Raised To Invest In Open Source Projects SQLMesh And SQLGlot

By Amit Chowdhry ● Jun 12, 2024

Data infrastructure company Tobiko Data announced that it has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. And Tomasz Tunguz (founder of Theory Ventures) will join the Board as part of the investment. This brings the company’s total funding raised to $21.8 million.

Dive: Particle-Based Simulation Company Raises $10 Million

By Amit Chowdhry ● Jun 12, 2024

Berlin-based Dive Engineering Software, a pioneering cloud-native and particle-based simulation software company, announced it raised a $10 million Series A led by the D. E. Shaw group to elevate how manufacturing enterprises engineer products through fluid simulation. Additional investors included First Momentum Ventures, Segenia Capital, and Senovo Capital.

WindBorne Systems: $15 Million Raised To Scale Balloon Constellation

By Amit Chowdhry ● Jun 12, 2024

Atmospheric sensing system company WindBorne Systems announced $15 million in Series A funding led by Khosla Ventures, which will take a board seat. And existing investors Footwork VC, Pear VC, and Convective Capital also joined the round.

AcuityMD: $45 Million Raised To Advance Commercial Intelligence Platform For Medical Technology Manufacturers

By Amit Chowdhry ● Jun 12, 2024

AcuityMD announced $45 million in new funding to expand its commercial intelligence platform and advance the company’s mission of accelerating the adoption of medical technology (MedTech). The Series B round was led by ICONIQ Growth, with additional participation from Atreides Management and Stepstone Group and existing investors Redpoint Ventures, Benchmark Capital, and Artisanal Ventures.

Cognizant Buying Belcan For About $1.3 Billion

By Amit Chowdhry ● Jun 12, 2024

Cognizant announced it signed a definitive agreement to acquire Belcan, a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development (ER&D) services, at a purchase price of about $1.3 billion in cash and stock, subject to customary adjustments.

Axena Health: Female Pelvic Health Company Secures Over $9 Million

By Amit Chowdhry ● Jun 12, 2024

Axena Health, a medical device company emphasizing female pelvic health, announced it has closed on an additional $9.4 million in its Series A fundraising. Cross-Border Impact Ventures (CBIV) co-invested along with existing investors AXA IM Alts through its Global Healthcare Private Equity Strategy, KOFA Healthcare, and Avestria Ventures.

Neural Concept: Engineering AI Platform Company Closes $27 Million In Funding

By Amit Chowdhry ● Jun 12, 2024

Neural Concept, a leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, announced that it has raised $27 million in a Series B funding round. The funding round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating.

Robinhood Buying Bitstamp In $200 Million Deal

By Amit Chowdhry ● Jun 12, 2024

Robinhood Markets entered into an agreement to buy Bitstamp, a global cryptocurrency exchange. Bitstamp was launched in 2011 and has offices in Luxembourg, the UK, Slovenia, Singapore, and the US.

Sirion Buying Eigen To Advance Document AI Technology

By Amit Chowdhry ● Jun 12, 2024

Sirion (see Pulse 2.0 profile here), a category leader in AI-native contract lifecycle management (CLM), announced the acquisition of Eigen Technologies, a market leader in Document AI for financial services and insurance that has pioneered data extraction and AI governance.

Fizz: $14.4 Million Secured To Provide Young People With Debit Cards

By Amit Chowdhry ● Jun 12, 2024

Fizz has announced it has raised a $14.4 million Series Seed round to provide young people with a debit card that helps them avoid overspending. The funding was led by Kleiner Perkins, with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.

Doowii: $4.1 Million Raised To Build Data Analytics Solutions For Educators

By Amit Chowdhry ● Jun 12, 2024

Doowii, a provider of AI-driven data analytics solutions for educators, announced the successful closure of its latest fundraising round, securing $4.1 million in investments. This funding round included participation from prominent institutional investors, including GSV Ventures, Better Ventures, Avesta Fund, Imagine Learning Ventures, Strada Education Foundation, Reach Capital, and Common Sense Growth Fund.

Nasuni: Transforming A $51 Billion File Storage Market With A Cloud-Based Approach

By Amit Chowdhry ● Jun 12, 2024

Nasuni is a leading hybrid cloud storage solution that powers business growth with effortless scalability, built-in security, and fast edge performance using a unique cloud-native architecture. Pulse 2.0 interviewed Nasuni’s Chief Innovation Officer Data Intelligence and AI Jim Liddle to learn more about the company.

Bem: AI Data Interface Company Raises $3.7 Million

By Amit Chowdhry ● Jun 12, 2024

Bem, an AI data interface company building an advanced and easy-to-use platform that functions as a universal communication protocol, announced it raised $3.7 million in seed funding. Uncork Capital led the round, which included participation from Kevin Mahaffey, Roar Ventures, and renowned angel investors, including Garry Tan.

Aymium: $210 Million Raised To Finance Construction Of Biocarbon Production Facility In California

By Amit Chowdhry ● Jun 12, 2024

Aymium - a leading producer of renewable biocarbon products - closed $210 million of financing to construct a biocarbon production facility in Williams, California. This facility will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation worldwide.

Texas Woman’s University Launches Virtual Training For Startups

By Amit Chowdhry ● Jun 12, 2024

The Jane Nelson Institute for Women’s Leadership’s Center for Women Entrepreneurs (CWE) at Texas Woman’s University launched a virtual training program to help early-stage entrepreneurs to start this businesses. The CWE is now accepting applications for the CWE Virtual Accelerator.

PostPilot Raises Strategic Funding From Summit Partners And Klaviyo Founders

By Amit Chowdhry ● Jun 12, 2024

Direct-mail marketing company PostPilot announced a strategic investment from global growth equity firm Summit Partners, with participation from Klaviyo founders Andrew Bialecki and Ed Hallen.

Clair: Enabling Employees To Get Paid Quickly With Fee-Free Access

By Amit Chowdhry ● Jun 12, 2024

Clair is a New York-based, pioneering fintech company offering free earned wage advances originated by a national bank. Pulse 2.0 interviewed Clair Co-Founder and President Alex Kostecki to learn more about the company.

Anterior: $20 Million Raised To Drive Healthcare Administrative Efficiencies

By Amit Chowdhry ● Jun 12, 2024

Anterior (previously named Co:Helm), an AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. This funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo.

Harlan Capital Partners: $130 Million Closed For Special Opportunities Fund V

By Amit Chowdhry ● Jun 12, 2024

Opportunistic private credit investment firm Harlan Capital Partners announced the closing of Harlan Special Opportunities Fund V LP (HSOF V) and its associated vehicles, raising about $130 million. This new funding surpasses the predecessor HSOF IV, which raised approximately $115 million.

Reco: How This Company Is Transforming The Identity-Centric Security Industry

By Amit Chowdhry ● Jun 12, 2024

Reco is an identity-centric SaaS security platform and it empowers organizations to discover their SaaS applications, identities, and data, control access and prevent the risk of exposure. Pulse 2.0 interviewed Reco Co-Founder and CEO Ofer Klein to learn more about the company.

iPiD: Payee Verification Company Raises $5.3 Million In Pre-Seed Funding

By Amit Chowdhry ● Jun 12, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it had secured $5.3 million in a pre-Series A funding round. This oversubscribed funding round was led by Monk’s Hill Ventures. They are joined by global fintech venture funds QED Investors and Quona Capital, along with existing partners Jungle Ventures, 1982 Ventures, Saison Capital, and Resolution Ventures.

OnStation: $8.5 Million Raised To Advance Digital Stationing Solutions For Heavy Highway Industry

By Amit Chowdhry ● Jun 12, 2024

OnStation, a leading provider of digital stationing solutions for the heavy highway industry, announced the closing of its $8.5 million Series A round. The funding round was led by JumpStart Ventures (NEXT II Fund) and included participation from VisionTech Partners, Frontier Angels, Up2 Opportunity Fund, JobsOhio Growth Capital Fund, Next Chapter Ventures, North Coast Ventures, New Dominion Angels, and other angel investors.

Nexus: Zero-Knowledge Proofs Cryptography Company Raises $25 Million

By Amit Chowdhry ● Jun 12, 2024

Nexus Laboratories, a zero-knowledge cryptography company, announced it raised $25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital. This funding round included participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Whoosh: Advanced Club Operations Platform Raises $10.3 Million

By Amit Chowdhry ● Jun 12, 2024

Whoosh, an advanced club operations software solution, announced the closing of its $10.3 million Series A funding round, led by AlleyCorp. And additional institutional investors participating in the round include 8VC, Alaris Capital, Bienville, Craft Ventures, Eberg Capital, Operator Partners, and Raptor Group.

HYPR: Identity Assurance Company Raises $30 Million

By Amit Chowdhry ● Jun 12, 2024

Identity Assurance Company HYPR announced a $30 million investment from Silver Lake Waterman to accelerate technological advancements and combat the rising threat of generative AI-driven credential-based attacks.

Relay: $35 Million Secured To Improve Productivity For Frontline Teams

By Amit Chowdhry ● Jun 12, 2024

Relay, a cloud-based communications platform designed to improve productivity and safety for frontline teams, announced $35 million in Series B funding. G2 Venture Partners led the round, which included participation from existing investors Wind River Ventures and Sovereign's Capital.