Innovation

LayerX: Browser Security Platform Company Secures $26 Million

By Amit Chowdhry ● May 9, 2024

LayerX, the innovator behind the LayerX Browser Security platform, announced $26 million in Series A funding led by Glilot+ (the early-growth fund of Glilot Capital Partners), with participation from Dell Technologies Capital and other investors. In connection with the funding round, Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.

Transcarent: Health And Care Platform Company Closes $126 Million At $2.2 Billion Valuation

By Amit Chowdhry ● May 9, 2024

Transcarent has announced a $126 million Series D investment led by General Catalyst and 7wireVentures. New investors Geodesic Capital and Memorial Hermann Health System join the group, which also has support from previous investors Threshold Ventures, Kinnevik, Ally Bridge Group, Human Capital, Merck Global Health Innovation Fund, Alta Partners, and Leaps by Bayer.

Karius: Genomic Diagnostics Company Secures $100 Million

By Amit Chowdhry ● May 9, 2024

Karius, a leader in genomic diagnostics for infectious disease, announced it has secured $100 million in Series C funding. The funding round was co-led by Khosla Ventures and new investors 5AM Ventures and Gilde Healthcare. Also joining this round were new investor Seventure Partners and existing investors Softbank Vision Fund 2, General Catalyst, HBM Healthcare Investments, Blue Water Life Sciences, Innovation Endeavors, Waycross Ventures, and others.

AISAP: Point Of Care Assisted Diagnosis Company Secures $13 Million

By Amit Chowdhry ● May 9, 2024

AISAP—a company that built an AI-powered Point Of Care Assisted Diagnosis (POCAD) solution that is transforming the medical ultrasound industry—announced its seed funding round. The company secured $13 million, led by Harel Insurance Investments & Financial Services Ltd. and Shoni Top Ventures, L.P.

Livara Health: Valued-Based Musculoskeletal Management Company Raises $15 Million

By Amit Chowdhry ● May 9, 2024

Livara Health, a value-based musculoskeletal (MSK) management leader, announced that it has raised $15 million in Series B funding. The round was led by A1 Health Ventures and included existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor.

Latus Bio: Patient-Centric And Product-Oriented Gene Therapy Company Raises $54 Million

By Amit Chowdhry ● May 9, 2024

Latus Bio, a biotechnology company developing novel gene therapy candidates for disorders of the central nervous system (CNS), announced its launch and an initial closing of $54 million in Series A funding. 8VC and DCVC Bio are leading the funding round. So far, Samsung Life Science Fund (created by Samsung C&T, Samsung Biologics, Samsung Bioepis, and Samsung Venture Investment Corporation), The Children’s Hospital of Philadelphia Foundation, Benjamin Franklin Technology Partners, Modi Ventures, and Gaingels have joined as syndicate partners.

Aikido: Security Platform Company Raises $17 Million

By Amit Chowdhry ● May 9, 2024

Aikido, a no BS security platform for developers and SMEs, announced it has raised $17 million in Series A funding led by Singular.vc, with participation from Notion Capital and Connect Ventures. This funding round comes six months after Aikido raised $5.3 million in seed funding, making it the fastest-capitalized startup in Belgian history.

LottieFiles: Strategic Investment Raised From Webflow And Figma Ventures

By Amit Chowdhry ● May 9, 2024

Animation design platform LottieFiles announced a strategic investment from Figma Ventures and Webflow Ventures. And the current list of LottieFiles investors includes Adobe Fund for Design, Microsoft Ventures, Automattic, Square Peg Capital, and other renowned names. So far, the company has raised over $47 million and has over 9 million users and 280,000+ teams using its motion design platform.

Rippl Buys AI Healthcare Company Kinto

By Amit Chowdhry ● May 9, 2024

Rippl, a leading dementia-focused specialty care provider, announced it had acquired Kinto - a Boston-based AI-enabled dementia caregiver support platform. This combination will enable the companies to reach an exponentially larger group of people living with dementia and their caregivers with human-centered care far beyond traditional brick-and-mortar models.