Innovation

Vessi Medical: Urology Medical Device Company Secures $16.5 Million

By Amit Chowdhry ● Feb 18, 2024

Vessi Medical announced that it has closed a Series A financing round of $16.5 million for its cryotherapy technology to treat Non Muscle Invasive Bladder Cancer (NMIBC). The leading investors in the round are an undisclosed global strategic investor, ALIVE- Israel HealthTech Fund, and Agriline, a trust of which UK investor Vincent Tchenguiz is a discretionary beneficiary, joining The Trendlines Group.

Knock: Notification Infrastructure Company Raises $12 Million

By Amit Chowdhry ● Feb 18, 2024

Knock - a leading notification infrastructure provider - announced it has raised a $12 million Series A led by Craft Ventures, bringing the total funding to $18 million. And existing investors Afore Capital and Preface Capital also joined the round. Over 200 enterprises, including Webflow, Vercel, Vidyard, and Amplitude, depend on Knock to build multi-channel product experiences that drive engagement and retention. And as part of the funding round, David Sacks, co-founder and partner at Craft Ventures, will also join Knock’s Board.

Why Accenture Is Buying Insight Sourcing

By Amit Chowdhry ● Feb 18, 2024

Accenture announced it has agreed to acquire Insight Sourcing, a strategic sourcing and procurement services provider. Insight Sourcing will broaden Accenture’s sourcing and procurement services for private equity companies and the consumer goods, retail, technology, and industrial industries.

FreezeM: $14.2 Million Raised For Accelerating Insect Protein Platform

By Amit Chowdhry ● Feb 18, 2024

FreezeM - an Agri-tech pioneering biotechnology company that offers Breeding-as-a-Service (BaaS) for Black Soldier Fly (BSF) protein factories - announced the closing of $14.2 million in Series A funding.

Permit.io: Full-Stack Authorization-As-A-Service Provider Secures $8 Million

By Amit Chowdhry ● Feb 18, 2024

Permit.io - a full-stack authorization-as-a-service provider - announced it has raised $8 million in Series A funding, led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors.

Why ResultsCX Is Buying Huntswood

By Amit Chowdhry ● Feb 18, 2024

ResultsCX - a leading provider of transformational CXM (Customer Experience Management) services to global brands, including Fortune 100 and 500 firms - announced that it has acquired Huntswood, a UK-based consulting and customer solutions company. With this acquisition, ResultsCX expands its service capabilities in the BFSI (Banking, Financial Services, and Insurance) sector and strengthens connections with leading energy and water companies in Utilities.

Clarity: AI Cybersecurity Company Closes $16 Million In Funding

By Amit Chowdhry ● Feb 18, 2024

Clarity - a company that enables organizations to rapidly identify and immunize from Deepfakes and synthetic media created by generative AI - announced a partnership with Walden Catalyst and Bessemer Ventures Partners. This additional funding will enable the company to double down on core research efforts, while providing best-in-class solutions to the most critical infrastructure in society.

Innova Capital Acquires Minority Stake In CloudFerro

By Amit Chowdhry ● Feb 18, 2024

Innova Capital announced it has successfully acquired minority stakes in CloudFerro, a leading provider of cloud services to the European space sector. This marks another transaction under its seventh fund.

Dapple Security: Cybersecurity Company Raises $2.3 Million

By Amit Chowdhry ● Feb 18, 2024

Dapple Security recently raised $2.3 million in the pre-seed round - which has been supported by mission-driven investors who believe in Dapple's solution and mission. This round was led by First In, a company that has a strong conviction in investing in founders who are veterans of the Military and Intelligence Community.

Norwest Venture Partners Promotes Leadership Team Members

By Amit Chowdhry ● Feb 18, 2024

Norwest Venture Partners (a global venture capital and growth equity investment firm) announced six promotions across its Leadership and Investment teams. The promotions will further bolster the firm's ability to partner with early-to late-stage companies across the US, India, and Israel enterprise, consumer, and healthcare sectors.

Flower: $20 Million Raised To Train Better AI On Distributed Data

By Amit Chowdhry ● Feb 18, 2024

Flower - a leading open-source framework for training better AI on distributed data using federated learning and other privacy-enhancing technologies - announced a $20 million Series A funding round to accelerate the mainstream adoption of federated and decentralized AI. The Series A funding round is led by Felicis, and with this new round investors in Flower Labs include First Spark Ventures, Factorial Capital, Beta Works, Y Combinator, Pioneer Fund, Mozilla Ventures and notable angels such as Hugging Face CEO Clem Delangue and GitHub co-founder Scott Chacon.