Innovation

CoLab Software: $21 Million Secured To Help Hardware Teams Accelerate Product Development

By Amit Chowdhry ● May 17, 2024

CoLab Software, a company building collaboration solutions for mechanical engineering and hardware development teams, announced a fully subscribed Series B round with $21 million funding round. And Insight Partners led the round, with participation from existing major investors, including Y Combinator, Killick Capital, and Pelorus VC.

Sigma: $200 Million Raised To Redefine Business Intelligence

By Amit Chowdhry ● May 17, 2024

Sigma, the cloud analytics solution built natively for cloud scale, announced it has raised $200 million in Series D funding to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.

Accenture Investing In Human Biology Predictive Simulation Company Turbine

By Amit Chowdhry ● May 17, 2024

Accenture announced it has made a strategic investment through Accenture Ventures in Turbine, a predictive simulation company building a platform for interpreting human biology. Accenture’s investment will help Turbine extend its platform to global biopharma companies that can benefit from Turbine’s ability to uncover hidden biological insights, which have the potential to guide and accelerate key drug development workstreams.

Lynx Dx: Improving Patient Care By Predicting Risks Of Clinically Significant Prostate Cancer In A $3 Billion Market

By Amit Chowdhry ● May 17, 2024

Lynx Dx is a company on a mission to improve patient care through science-based and best-in-class technology. The company was originally founded in 2015 by a group of credentialed and renowned clinical leaders from the University of Michigan’s urology department with the goal of treating prostate cancer patients and improving prostate cancer screening. Pulse 2.0 interviewed Lynx Dx Chief Medical and Commercial Officer Spencer Heaton, MD, MBA, to learn more about the company.

Top Tier Authentics: How This Company Enables Instant Verification Of Any Product

By Amit Chowdhry ● May 17, 2024

Top Tier Authentics (TTA) is a company that has developed the world's first Experiential Authenticity Platform, enabling instant verification of any product, artwork or collectible while powering new and immersive digital experiences, unique benefits and interactive features. Pulse 2.0 interviewed TTA co-founder Andrew Rosen to learn more about the company.

Expanso Raises Strategic Investment From Samsung Next

By Amit Chowdhry ● May 17, 2024

Expanso, a distributed computing company based in Seattle, Washington, has secured a strategic investment from Samsung Next, signaling major ambitions to transform how data is managed and processed worldwide. Expanso, launched in early 2023 by tech veteran and former Kubernetes Product Lead David Aronchick, announced its closed financing from Samsung Next (the electronics giant’s venture capital arm).

RYA: The Story Of Launching An AI SaaS Startup From A Successful Advertising Agency

By Amit Chowdhry ● May 17, 2024

Yendo: Vehicle-Secured Credit Card Company Raises $165 Million

By Amit Chowdhry ● May 17, 2024

Yendo, the company that created the first-ever vehicle-secured credit card, announced the closing of $150 million in debt financing led by i80 Group. The funding will be used to fuel customer growth, introduce new products and expedite the expansion of the company’s offerings across all 50 states.

Phenomix Sciences: $7.8 Million Raised To Bring Data Intelligence To Obesity Treatment

By Amit Chowdhry ● May 17, 2024

Phenomix Sciences, a precision medicine biotechnology company bringing data intelligence to the treatment of obesity, announced it raised $5.5 million in Series A funding from new investors, DexCom and Labcorp, and existing investors, including Health2047. And the company has also been awarded a $2.3 million Phase II Small Business Innovation Research (SBIR) Grant through the National Institutes of Health (NIH).

Bailey & Company Names Tim Scallen As CEO

By Amit Chowdhry ● May 17, 2024

Bailey & Company, a Nashville-based merchant banking platform focused on growth and late-stage healthcare and technology companies, has appointed Tim Scallen as its chief executive officer. Scallen joined the firm in 2020 and previously served as its chief operating officer and managing partner of its principal investing business.