Innovation

Uhnder: $50 Million Raised To Create Advanced Radar Sensors For Automated Mobility

By Amit Chowdhry ● Feb 26, 2024

Uhnder - a technology company to create the most advanced radar sensors for safe and automated mobility of people and goods - announced a $50 million Series D raise. ACME Capital led the funding round with participation from Magna, Qualcomm Ventures, El Camino Capital, Monta Vista Capital, Sagitta Ventures, and HT Capital.

Highway 9 Networks: Mobile Cloud for Enterprises Raises Over $25 Million

By Amit Chowdhry ● Feb 26, 2024

Highway 9 Networks recently launched from stealth, introducing the industry's first mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise. Created by veteran leaders from VMware, the Highway 9 Mobile Cloud enables voice + data coverage everywhere, reliable and high-performance mobile connectivity for AI-driven use cases like robotics, factory automation, and drones, and always-on mobile data access for apps and communications.

Clumio: Data Backup And Public Cloud Recovery Company Raises $75 Million

By Amit Chowdhry ● Feb 26, 2024

Clumio - a leader in data backup and recovery for public cloud - announced that it has secured $75 million in a Series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital.

Evergrowth: B2B Account-Based Sales Company Raises $2.2 Million And Shuts Down Sales Consultancy Business

By Amit Chowdhry ● Feb 26, 2024

Evergrowth - a premier AI-powered B2B account-based sales platform - announced the first fundraising of $2.2 million, making it one of the largest pre-seed rounds in Baltic history. This investment, led by Impellent Ventures and Practica Capital, demonstrated the rising influence of Baltic European SaaS startups and the need for fully optimized AI-driven strategies to enable sales and revenue teams. The company is on track to hit $500K ARR within three months of its MVP launch.

Fabric: $60 Million Secured To Consolidate Fragmented Healthcare Point Solutions

By Amit Chowdhry ● Feb 26, 2024

Fabric - a leading healthcare enablement platform company - announced it has raised $60 million in Series A funding led by General Catalyst with continued participation by Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital. The support from investors validates a care enablement system that improves patient access while driving clinical and operational efficiency from symptom onset through virtual and in-person treatment and post-visit engagement.

Healthly Raises Growth Capital Financing From Corbel To Launch New Preventative Care Business Model

By Amit Chowdhry ● Feb 26, 2024

Healthly - a company that prioritizes primary care, support services, and preventative medicine - announced it has received funding from Corbel Capital Partners to introduce more physicians to a revolutionary primary care business model that can improve patient health outcomes by reducing the number of hospitalizations due to avoidable, advanced chronic diseases.

Napier AI: Financial Crime Compliance RegTech Company Raises £45 Million

By Amit Chowdhry ● Feb 26, 2024

Napier AI - a London-based financial crime compliance RegTech - announced that it has received a significant investment from Crestline Investors, which is a US-based and credit-focused institutional alternative asset manager, to accelerate its growth trajectory further, highlighting the transformational time in the industry for know your customer (KYC) and anti-money laundering (AML) solutions.

Arevon: $1.1 Billion Closed For Eland 2 Solar-Plus-Storage Project

By Amit Chowdhry ● Feb 26, 2024

Arevon Energy - a leading renewable energy developer, owner, and operator - announced it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374-megawatt (MWdc) solar project coupled with 150 MW/600-megawatt hours (MWh) of energy storage is under early-stage construction and is anticipated to come online in Q1 2025.

ISHI Health Secures $4 Million To Transform Heart Failure Care Across The Disease Risk Spectrum

By Amit Chowdhry ● Feb 26, 2024

ISHI Health - an AI-powered virtual clinic specializing in heart failure and complex cardiac disease care - announced it had secured $4 million in a recent funding round led by Takeda Digital Ventures (TDV). This strategic funding will propel ISHI to expand its product range, enter new markets, and demonstrate exceptional clinical outcomes and patient experiences.

Antora Energy: $150 Million Secured To Slash Industrial Emissions And Drive U.S. Manufacturing

By Amit Chowdhry ● Feb 26, 2024

Antora Energy - a leader in zero-emissions industrial heat and power - announced it raised a $150 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek.

Axle Health: $4.2 Million Secured To Scale Home Healthcare Software Platform

By Amit Chowdhry ● Feb 26, 2024

Axle Health - a leading provider of scheduling and workforce management software in the home healthcare space - announced the closing of $4.2 million in seed funding, bringing the total raised to $4.4 million. The initial seed round was led by Pear VC, with an additional round of funding led by TRAC VC with participation from existing investors.

Lightsource bp: $348 Million Financing Package Completed For Two Solar Projects In Texas

By Amit Chowdhry ● Feb 26, 2024

Lightsource bp announced it has successfully closed on a $348 million financing package, which will support the construction and operation of a 288-megawatt (MWdc) portfolio comprised of two utility-scale solar projects in Texas

Xevant Raises Growth Investment With HCAP Partners

By Amit Chowdhry ● Feb 26, 2024

Xevant - a leader and creator of automated data analytics for organizations managing pharmacy benefits - announced the completion of a new investment round with HCAP Partners, a California-based private equity firm and nationally recognized impact investor.

Pozitivf: Fertility Clinic Network Closes $20 Million In Funding

By Amit Chowdhry ● Feb 26, 2024

Pozitivf - a rapidly expanding fertility clinic network making industry-leading fertility treatment more accessible to all - announced that it raised $20 million in growth funding. MonCap led the funding round.

Cloud Security Policy Automation Leader Tufin Acquiring AKIPS: Details

By Amit Chowdhry ● Feb 26, 2024

Tufin - a leader in network and cloud security policy automation -announced that it has acquired AKIPS, a leading provider of network monitoring solutions for enterprises across the globe.

dub: Copy-Trading Platform Company Secures $17 Million

By Amit Chowdhry ● Feb 26, 2024

dub - the first copy-trading platform in the U.S. -announced a $17 million funding round from a group of venture capital firms and individual investors including the CEO of Uber and Co-founder of Robinhood. And dub enables everyday investors to replicate the portfolios of emerging investment managers, famed hedge funds, or elected officials with a single tap.

Elve: Millimeter Wave Amplifier Technology Company Raises $15 Million

By Amit Chowdhry ● Feb 26, 2024

Elve - a leader in innovative millimeter wave amplifier technology - has announced the successful completion of a Series A round of $15 million from a selected group of investors, including TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures.

Crisp: Collaborative Commerce Company Raises $50 Million

By Amit Chowdhry ● Feb 26, 2024

Crisp announced it has raised $50 million in new capital through a $20 million Series B extension round and up to $30 million in debt financing. The company’s existing investors, including Blue Cloud Ventures, FirstMark Capital, Spring Capital, and 3L, participated in the equity round. TriplePoint Capital provided debt for refinancing existing senior debt, fund operating activities, and continued acquisitions.

Carewell: $24.7 Million Secured To Provide Family Caregivers With Tools For Taking Care Of Loved Ones

By Amit Chowdhry ● Feb 26, 2024

Carewell - an online retailer focused on providing family caregivers with tools and resources to care for their loved ones - announced a $24.7 million Series B capital raise to accelerate further its mission of streamlining access to home health products. This funding round was led by the principals of MBF Healthcare, with participation from existing investors Sageview Capital and Headline, among others. And the company has made several senior-level hires amidst plans to relocate its headquarters to Miami.

Zūm Rails: $10.5 Million Raised To Combine Open Banking And Instant Payments Capabilities

By Amit Chowdhry ● Feb 26, 2024

Zūm Rails - an all-in-one payments gateway that merges open banking with instant payments - announced the closing of a C$10.5 million Series A funding round. This funding round was led by Arthur Ventures - a Minneapolis-based growth equity firm specializing in B2B software.

Helius: $9.5 Million Raised To Help Crypto Applications Build Better On Solana

By Amit Chowdhry ● Feb 26, 2024

Helius - a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana - announced its $9.5 million Series A round closing. These are the details.

KV Capital Appoints Paul Verhesen As Strategic Advisor

By Amit Chowdhry ● Feb 26, 2024

KV Capital recently announced the appointment of Paul Verhesen as a strategic advisor for their operating company's private equity team.

IIA Healthcare Buying Gritly To Expand Data-Driven Hiring

By Amit Chowdhry ● Feb 26, 2024

IIA Healthcare - an Intelligent Interview Management solution for healthcare organizations - announced its acquisition of Gritly. This platform utilizes data to create a more equitable candidate experience and make hiring easier for employers. And this strategic move combines the power of both platforms, creating a comprehensive solution for healthcare recruitment and talent management.

Gigamon Raises Significant Strategic Investment From Siris

By Amit Chowdhry ● Feb 26, 2024

Gigamon - a leading deep observability company that helps organizations to effectively secure and manage hybrid cloud infrastructure - announced the completion of a significant strategic investment from Siris, a leading private equity firm focused on investing and driving value creation in technology companies.

Trianz Raises Strategic Growth Capital Investment From Capital Square Partners

By Amit Chowdhry ● Feb 26, 2024

Digital transformation software and services firm Trianz has crossed a significant milestone in its journey through a major growth equity investment from Capital Square Partners (CSP), based out of Singapore. The financial terms of the private transaction were not disclosed.

Apryse To Buy AI-Powered Document Toolkit Provider LEAD Technologies

By Amit Chowdhry ● Feb 26, 2024

Apryse - a global leader in document processing technology - announced its most recent acquisition of LEAD Technologies, a leading provider of AI-powered SDKs for application development across all major platforms and programming languages.

Finpilot: $4 Million Raised For Building Finance Specific AI Models

By Amit Chowdhry ● Feb 26, 2024

Finpilot announced $4 million in seed financing led by Madrona with participation from Ascend.vc and angels from leading hedge funds. And Finpilot is applying AI to the challenging task of extracting knowledge out of unstructured financial data, such as the data found in SEC documents, call transcripts, research reports, and private financial documents.

Wesco To Sell Integrated Supply Business To Vallen Distribution

By Amit Chowdhry ● Feb 26, 2024

Wesco International announced that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The Company expects to use the proceeds to reduce debt and repurchase shares.

b.well Connected Health Raises $40 Million In Round Led By Leavitt

By Amit Chowdhry ● Feb 26, 2024

b.well Connected Health - a company powering platform-enabled healthcare ecosystems - announced the closing of a $40 million Series C growth round led by Leavitt Equity Partners. Andrew Clark, Managing Partner at Leavitt Equity Partners joins the b.well board of directors.

Reveleer: $65 Million Raised To Advance Sustainable Value-Based Care For Health Plans And Risk-Bearing Providers

By Amit Chowdhry ● Feb 26, 2024

Reveleer - a leading AI-powered healthcare technology data and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers - announced it has raised over $65 million in new capital in a financing round led by Hercules Capital.