Innovation

Sware: Life Sciences Software Validation Solution Company Raises $6 Million

By Amit Chowdhry ● Jun 10, 2024

Sware, a provider of the most complete software validation solution for innovative life sciences companies, announced that it raised $6 million in Series B funding, bringing its total raised since inception to $26 million. This funding round was led by First Analysis, which joins a syndicate of existing investors that includes LRVHealth, New Stack Ventures, and Insight Partners.

Tektonic AI: $10 Million Secured To Develop Gen AI Agents For Enterprises

By Amit Chowdhry ● Jun 10, 2024

Tektonic AI, a company building GenAI agents for enterprise processes, announced $10 million in funding led by Madrona and Point72 Ventures. Launched by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods leave unaddressed.

BairesDev: An Interview With CEO And Co-Founder Nacho De Marco

By Amit Chowdhry ● Jun 10, 2024

BairesDev is an expert partner that works along with clients to build high-quality software solutions with speed and precision. Pulse 2.0 interviewed BairesDev CEO and co-founder Nacho De Marco to learn more about the company.

Workbox: National Workspace Operator Company Raises $17.5 Million

By Amit Chowdhry ● Jun 10, 2024

Workbox, a Chicago-based national workspace operator, announced it raised $17.5 million in its Series A equity round with a follow-on option to secure an additional $5.5 million. Led by Chicago Atlantic, this funding round will help Workbox accelerate its growth across the US. So far, Workbox has raised over $25 million in total capital ahead of its follow-on allocation.

Torpago: Commercial Credit Card And Spend Management Company Raises $10 Million

By Amit Chowdhry ● Jun 10, 2024

Torpago, a commercial credit card and spend management provider, announced it raised $10 million in a Series B funding round. This funding round was co-led by Priority Tech Ventures (a division of Priority Technology Holdings) and EJF Ventures, with participation from BankTech Ventures and other existing investors.

Bain Capital Buying PowerSchool For $5.6 Billion

By Amit Chowdhry ● Jun 10, 2024

PowerSchool, a leading provider of cloud-based software for K-12 education, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $5.6 billion.

Viaduct: $10 Million Raised To Solve And Predict Product Failures

By Amit Chowdhry ● Jun 10, 2024

Viaduct, a developer of pioneering AI technology that identifies, solves, and predicts product failures, announced the closing of a $10 million Series B funding led by FM Capital. FM Capital was joined by Innovation Endeavors, Exor Ventures, Stellantis Ventures, and Sumitomo Rubber.

Wavelogix: Purdue University Concrete Sensor Spinout Secures $3 Million

By Amit Chowdhry ● Jun 10, 2024

Wavelogix, a manufacturer of patented and novel concrete strength sensors invented by Purdue University professor Luna Lu, announced it has received $3 million in Series A funding from Rhapsody Venture Partners.

Clean Energy Ventures: $305 Million Fund II Closed To Invest In Climate Innovations

By Amit Chowdhry ● Jun 10, 2024

Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, announced the closing of an oversubscribed second flagship fund with total capital commitments of $305 million.

Millie: Providing End-To-End Maternity Care In A $50 Billion Market

By Amit Chowdhry ● Jun 10, 2024

Millie is a new kind of maternity clinic built by moms and healthcare providers who have been there. Pulse 2.0 interviewed Millie founder and CEO Anu Sharma to learn more.

Town Lane: $1.25 Billion Raised For Inaugural Real Estate Investment Fund

By Amit Chowdhry ● Jun 10, 2024

Opportunistic real estate investment firm Town Lane completed the final close of its inaugural fund Town Lane Real Estate Opportunities Fund I, with $1.25 billion in total commitments.

Rockwood Invests In Energy Renewal Partners

By Amit Chowdhry ● Jun 10, 2024

Rockwood Equity Partners announced that it has completed an investment in Austin-based Energy Renewal Partners (ERP), an energy consulting service provider that specializes in energy development and decommissioning projects across the US.

Squared Circles: $40 Million Raised To Incubate Science-Based Brands

By Amit Chowdhry ● Jun 10, 2024

Squared Circles, a consumer-focused venture studio incubating brands grounded in science, announced the closing of a $40 million Series A funding round led by L Catterton.

Society Brands To Buy Vitality Now

By Amit Chowdhry ● Jun 10, 2024

Society Brands, a consumer products company built for and by founders, partnered with the founders of Vitality Now for Society’s latest acquisition in the Direct-To-Consumer Health and Personal Care space, which will represent their fifth consecutive deal in this sector.

ZeroMark: Defense Technology Company Raises $7 Million

By Amit Chowdhry ● Jun 10, 2024

Defense technology company ZeroMark announced a $7 million seed funding round led by prominent venture capital firms Ground Up Ventures and Andreessen Horowitz.

Solutions By Text: Compliance-First Messaging And Payments Company Raises $110 Million

By Amit Chowdhry ● Jun 10, 2024

Solutions by Text (SBT), a leading platform for compliance-first messaging and payments, announced raising $110 million in new growth financing. Growth equity investment firm Edison Partners co-led the transaction with StepStone Group. Stifel Venture Bank (a division of Stifel Bank) provided a lending facility.

TraceAir: Construction Site Analysis Company Raises $25 Million

By Amit Chowdhry ● Jun 9, 2024

TraceAir, a leading provider of site intelligence software for homebuilders and land developers, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital and other existing investors. TraceAir offers builders and developers a visual/collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

Relay: Business Banking Platform Company Raises $32.2 Million

By Amit Chowdhry ● Jun 9, 2024

Relay, a business banking platform that provides small businesses (SMBs) with cash flow clarity, announced the closing of a US$32.2 million Series B financing round, led by Bain Capital Ventures. This brings Relay's total funding to $51.6 million.

Unchained And The University Of Austin Launch Long-Term Endowment Holding in Bitcoin

By Amit Chowdhry ● Jun 9, 2024

Unchained and the University of Austin (UATX) announced a collaboration to create the first long-term endowment holding in Bitcoin. These organizations are committed to raising $5 million in Bitcoin for the University’s long-term endowment; the proceeds from which the University has committed will remain in Bitcoin for a minimum of five years.

Inventive: $6.5 Million Raised To Build Embedded AI For SaaS Companies

By Amit Chowdhry ● Jun 9, 2024

Inventive, a company building embedded AI for SaaS products, announced its official launch and the closing of a $6.5 million seed funding round led by Wing VC, with participation from Tokyo Black and an angel investors group led by founders and former Google and Meta executives. This funding round will go toward advancing the Inventive platform for product teams who need to efficiently deliver valuable AI-powered experiences in their customer-facing software products.

Vici Media: Significant Growth Investment Raised From Rockbridge Growth Equity

By Amit Chowdhry ● Jun 8, 2024

Rockbridge Growth Equity, a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, announced that it has made a majority investment in Vici Media, a provider of white label digital marketing and advertising solutions. The terms of the transaction were undisclosed.

SmartPM: Construction Schedule Control Company Raises $5.5 Million

By Amit Chowdhry ● Jun 8, 2024

SmartPM Technologies, a company that builds automated project controls for construction, announced the successful closing of a $5.5 million Series A funding round. This milestone, led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marks a pivotal moment in SmartPM's journey of innovation and market expansion.

Matter Bio: $7 Million Secured To Preserve Genome Integrity

By Amit Chowdhry ● Jun 8, 2024

Matter Bio, a biotech company focused on preserving genome integrity and extending a healthy human lifespan, announced the successful closing of its seed round funding and raised $7 million to advance its work in longevity research.

Vantage Data Centers: First-Ever EMEA Data Center ABS Closed At £600 Million

By Amit Chowdhry ● Jun 7, 2024

Vantage Data Centers (a leading global provider of hyperscale data center campuses) announced that it has raised £600 million in securitized term notes, marking the first-ever securitization of data center assets in EMEA. The deal includes an additional £100 million in unfunded Variable Funding Notes. The term notes are rated A-, A (low), and A by Standard & Poor’s, Morningstar DBRS, and Scope Ratings, respectively.

Mozilla Unveils Inaugural Builders Accelerator

By Amit Chowdhry ● Jun 7, 2024

Mozilla, the organization behind the popular Firefox browser, announced it launched its inaugural Mozilla Builders Accelerator, a 12-week program designed to support innovative projects that advance AI development and need funding to reach the next level. The selected projects can receive up to $100,000 in funding.

GoComet: How Creating An Operating System With AI Is Transforming International Logistics

By Amit Chowdhry ● Jun 7, 2024

GoComet is an AI-Powered Transportation Management Platform. The company is transforming the $40 billion international logistics space by utilizing the power of data science and progressive machine intelligence to simplify end-to-end logistics and ensure transparency in business. Pulse 2.0 interviewed GoComet CEO Gautam Prem Jain to learn more about the company.

WndrCo: Over $460 Million Closed For New Funds

By Amit Chowdhry ● Jun 7, 2024

WndrCo, a multi-stage holding company and technology investment firm that is transforming how people live and work, announced the closing of over $460 million in new capital. The firm’s new Seed and Venture funds - which marks the expansion of WndrCo’s venture capital arm - will target high-potential companies solving big problems across the future of work, consumer technology, cybersecurity, and developer infrastructure.

Renovus Capital Partners: Gary Tang Named As Principal

By Amit Chowdhry ● Jun 7, 2024

Renovus Capital Partners, a Philadelphia-based investment firm, announced that it has hired seasoned private equity professional Gary Tang as Principal. Tang will focus on expanding Renovus’ healthcare services investment vertical.

Hoop: AI-Powered Productivity Company Raises $5 Million

By Amit Chowdhry ● Jun 7, 2024

Hoop, a to-do list that updates itself, announced $5 million in seed funding, led by Index Ventures, with participation from Origin Ventures, Divergent Capital, and Chingona Ventures. The company’s team (who met as early employees at Trello) will use the funding to deepen Hoop’s AI capabilities, expand its platform integrations, and develop collaborative features. Hoop is currently available to individuals, but will soon launch a version for teams.

Dresser Utility Solutions: $335 Million Credit Facility Secured From Blue Owl Capital

By Amit Chowdhry ● Jun 7, 2024

Dresser Utility Solutions (a leading provider of global infrastructure technology for the energy transition including measurement, instrumentation, coupling and repair, pressure and flow control solutions to water and gas utility and industrial customers, and a portfolio company of First Reserve) announced it has secured a $335 million credit facility from funds managed by Blue Owl Capital's Credit platform.