Innovation

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.

Mint Blockchain: Ethereum L2 Network Company Raises $5 Million

By Amit Chowdhry ● Jun 7, 2024

Mint Blockchain, the Ethereum L2 network for NFT industry, completed a US$5 million seed funding round joined by Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, and individual investors Victor, founder of Smart Token Labs, and Mike, founder of GoPlus. And this funding round will be used for Mint Blockchain's global market brand building and NFT infrastructure development.

Zendata: AI Governance And Data Privacy Company Raises $2 Million

By Amit Chowdhry ● Jun 7, 2024

AI governance and privacy solutions company Zendata emerged from stealth and raised $2 million in funding to transform how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.

KKR Buying Majority Ownership In Agiloft

By Amit Chowdhry ● Jun 7, 2024

Leading global investment firm KKR announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft, a trusted global leader in data-first contract lifecycle management (CLM). As part of the deal, FTV Capital (a sector-focused growth equity firm and an existing investor in Agiloft) will make an additional investment in the company and JMI Equity (a growth equity firm focused on investing in leading software companies) will join as a new investor in the company.

Cloudflare Buys Zero Trust Infrastructure Access Platform BastionZero

By Amit Chowdhry ● Jun 7, 2024

Leading connectivity cloud company Cloudflare has announced the acquisition of BastionZero, a Zero Trust infrastructure access platform. This deal further strengthen remote access to core IT systems for customers of Cloudflare One, which is the company’s secure access service edge (SASE) platform.

LambdaVision: Funding Raised To Develop Protein-Based Artificial Retina To Help Patients Regain Sight

By Amit Chowdhry ● Jun 7, 2024

LambdaVision, a company that is developing a protein-based artificial retina to help patients regain sight lost to retinal degenerative diseases, announced it secured the first closing of its seed round being led by Aurelia Foundry Fund (a fund spun out of MIT).

Novel: Capital Intelligence Platform Company Raises $15 Million

By Amit Chowdhry ● Jun 7, 2024

Novel has announced a $15 million oversubscribed Pre-Series A round, co-led by IGNIA Partners and Ulu Ventures, to propel the fintech’s expansion of their groundbreaking Capital Intelligence platform. The funding round also includes participation from MatterScale, Gaingels, as well as previous investors.