Innovation

Mayfair Equity Partners: Two New Partners And Team Promotions

By Amit Chowdhry ● May 1, 2024

Mayfair Equity Partners, a technology and consumer investor with over £2 billion in assets under management, announced three promotions, including the appointment of two new Partners and the creation of a new senior data role focused on scaling the firm’s capabilities. This role will report directly to Daniel Sasaki, Mayfair’s Managing Partner.

EZOPS: Transforming How Financial Institutions Optimize Data Pipelines In A $15+ Billion Market

By Amit Chowdhry ● May 1, 2024

EZOPS harnesses Machine Learning (ML) and Intelligent Process Automation to transform data control and drive transformative efficiency gains at some of the world's largest financial services institutions. Pulse 2.0 interviewed EZOPS founder and CEO Sarva Srinivasan to learn more about the company.

Owlstone Medical: Breath Biopsy Company Raises $6.5 Million

By Amit Chowdhry ● Apr 30, 2024

Owlstone Medical, a global leader in Breath Biopsy for early disease detection and precision medicine applications, has secured funding from the Bill & Melinda Gates Foundation. This funding round comprises a $5 million equity investment to advance Owlstone’s Breath Biopsy platform and $1.5 million in grant funding to develop breath-based diagnostics and identify breath biomarkers for tuberculosis (TB) and HIV.

Nebu-Flow: $5.9 Million Raised To Accelerate Development Of Inhaled Drugs For Respiratory Disorders

By Amit Chowdhry ● Apr 30, 2024

Nebu-Flow announced it had raised an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders, which are the main cause of death and disability worldwide. The company’s nebulizer platform has been developed to provide several advantages over existing technologies. Overall, the worldwide inhalable drug market was valued at about $33 billion in 2023, with the nebulizer market at over $1 billion.

Agilitas Energy: Energy Storage And Solar Photovoltaic Company Secures $100 Million

By Amit Chowdhry ● Apr 30, 2024

Agilitas Energy, the largest integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., announced the closing of $100 million in debt financing to fund its growth and continued national expansion.

Thintronics: Electronic Materials Company Closes $23 Million

By Amit Chowdhry ● Apr 30, 2024

Thintronics is a California-based electronic materials startup that supplies high-performance insulators for emerging AI data centers, networking, and RF/millimeter-wave (mmW) applications. It raised a $23 million Series A funding round, led by Maverick Capital and Translink Capital. The funding will support the commercialization of a novel insulator platform.

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

By Amit Chowdhry ● Apr 30, 2024

Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company's cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.

Blaize: High-Performance Computing AI Processing Solutions Company Raises $106 Million

By Amit Chowdhry ● Apr 30, 2024

Blaize, an AI computing innovator transforming edge computing solutions, announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP.

On.Energy: Integrated Energy Storage Solutions Provider Secures $25 Million

By Amit Chowdhry ● Apr 30, 2024

On.Energy, a growing electric power asset owner and proven end-to-end integrator of battery energy storage systems (BESS) announced it had closed a senior secured first lien facility with Lombard Odier Investment Managers (LOIM) on behalf of funds under its management, including the LOIM Sustainable Private Credit Strategy.

FlexAI: Universal AI Compute Company Raises €28.5 Million

By Amit Chowdhry ● Apr 30, 2024

FlexAI, a universal AI compute company, has launched with €28.5 million ($30 million) in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The additional investors include Bpifrance, Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir.

The Riverside Company And Co-Investors Buying The Townsend Group From Aon

By Amit Chowdhry ● Apr 30, 2024

The Riverside Company announced that its affiliate signed a definitive agreement to acquire The Townsend Group from Aon, a leading global professional services firm. A group of leading institutions are co-investing along with Riverside in the transaction, including Bluerock, MLC Private Equity and Ten Capital Management - which also acted as an advisor to Riverside in the transaction.

WindRose Health: Majority Growth Investment In Subjectwell Completed

By Amit Chowdhry ● Apr 30, 2024

WindRose Health Investors, a New York-based healthcare private equity firm, announced it has completed the acquisition of SubjectWell, the patient access marketplace that connects people with health conditions to care options. The terms of the deal were not disclosed.

Pipedream: Autonomous Underground Company Raises $13 Million

By Amit Chowdhry ● Apr 30, 2024

Pipedream, an autonomous underground rail system that offers near-instantaneous delivery of objects to and from homes and businesses, announced that it has raised $13 million in funding. This funding round was led by Starship Ventures, with participation from Cortado Ventures, Myelin Ventures, and many other angels and firms.

Flindr Therapeutics: Precision Oncology Company Raises €20 Million

By Amit Chowdhry ● Apr 30, 2024

Flindr Therapeutics, a precision oncology therapeutics company, announced a €20 million Series A funding to advance its pipeline of small molecule inhibitors for cancer treatment. V-Bio Ventures led the funding along with other new investors Johnson & Johnson Innovation -- JJDC, Inc. (JJDC), QBIC Fund, Flanders Future Tech Fund, and Curie Capital, as well as existing investors Oncode Oncology Bridge Fund, Swanbridge and Brabantse Ontwikkelings Maatschappij (BOM).

VisionSafe: Strategic Investment Raised From The Stephens Group

By Amit Chowdhry ● Apr 30, 2024

The Stephens Group has completed a significant strategic investment in VisionSafe designed to accelerate the business' growth. This funding highlights Stephens Group’s continued interest in supporting businesses providing highly engineered, mission-critical systems and components for aerospace and defense applications. The Company will serve as a new Stephens Group platform.

Suzano Ventures Investing Up To $5 Million In Bioform Technologies

By Amit Chowdhry ● Apr 30, 2024

Suzano Ventures (the corporate venture capital arm of Suzano, the world’s largest market pulp producer) announced it has invested strategically into the Canadian materials science startup Bioform Technologies.

Hologic Buying Endomagnetics For About $310 Million

By Amit Chowdhry ● Apr 30, 2024

Hologic, a global leader in women’s health, announced that it signed a definitive agreement to acquire Endomagnetics (Endomag), a privately held developer of breast cancer surgery technologies, for about $310 million, subject to working capital and other customary closing adjustments.

Bump: Creator Financing Platform Company Secures $3 Million

By Amit Chowdhry ● Apr 30, 2024

Bump, a wealth technology and financing platform for creators, announced that it has raised $3 million in seed funding. The investors in the round include Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker's Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and Mana Ventures. And existing investors include Snap Inc, H/L Ventures, Connetic Ventures and Sixty8 Capital.

Allegiance Mobile Health: Debt And Equity Raised From Brightwood Capital

By Amit Chowdhry ● Apr 30, 2024

Allegiance Mobile Health, the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors (a private credit firm with over $5 billion in assets under management), announced that Brightwood provided AMH with debt and equity financing to support the company’s growth strategy.

RevOpsis: $16.5 Million Raised For Developing Ophthalmic Therapies

By Amit Chowdhry ● Apr 30, 2024

RevOpsis Therapeutics, a next-generation biopharmaceutical company driving innovation in ophthalmic therapies, announced it successfully closed its first seed funding round, raising $16.5 million to accelerate its goal to develop and commercialize treatments for chronic multifactorial diseases through the company's fully human multispecific proprietary Rev-Mod Platform.

Diddo: $2.8 Million Secured To Enable Viewers To Buy The Products They See On Any Screen

By Amit Chowdhry ● Apr 30, 2024

Diddo announced that it has raised $2.8 million in a seed funding round led by Link Ventures. The other investors and supporters include Neo (Lamar Advertising's family office), Scott Forrestal, and executives from companies such as Disney, Sundance TV, and MGM+. The company has signed deals with seven streaming platforms and is expected to add others by Q2.

Quinbrook: £120 Million In Debt Financing Closed For 5 Synchronous Condenser Projects

By Amit Chowdhry ● Apr 30, 2024

Quinbrook Infrastructure Partners, a specialist global investment manager focused on the infrastructure needed for the energy transition, announced it has closed £120 million in new debt financing for a portfolio of 5 synchronous condenser projects. And this is the first portfolio financing of synchronous condensers awarded contracts in Phases I and II of National Grid’s Stability Pathfinder Programme.

CASE Merging With CyberKinetics

By Amit Chowdhry ● Apr 30, 2024

CASE, a provider of high-end software development and cloud engineering services, announced that it has merged with CyberKinetics, a specialist provider of cloud-based services and cyber solutions to the national security community’s most discerning customers. Financial terms of the private transaction were not disclosed.

Pine Gate Renewables: $650 Million Raised From Generate Capital, HOOPP, And HESTA

By Amit Chowdhry ● Apr 30, 2024

Pine Gate Renewables announced the final closing of a $650 million investment from Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA. This funding will accelerate Pine Gate’s work as a national developer, owner, and operator of clean energy projects and will support the financing of an incremental three gigawatts (GW) of clean energy infrastructure by 2025.

Thomvest Ventures: An Interview With Managing Director Umesh Padval

By Amit Chowdhry ● Apr 30, 2024

Thomvest Ventures is a cross-stage venture capital fund based in Silicon Valley and Toronto. The firm is investing the capital of one individual Peter Thomson - whose family owns the majority of Thomson Reuters. Peter started Thomvest Ventures in 1996 and has invested in over 75 private companies since that time. Pulse 2.0 interviewed one of Thomvest’s managing directors Umesh Padval to learn more about the firm.

Twill Payments Closes Pre-Seed Funding Round To Democratize Data Analytics For SMEs

By Amit Chowdhry ● Apr 30, 2024

Churnkey: Subscription Retention Automation Company Raises $1.5 Million

By Amit Chowdhry ● Apr 30, 2024

Churnkey, a leading provider of subscription retention automation software, announced it raised $1.5 million from CreativeCo to accelerate its growth.

RevenueCat: Subscription Management Platform Company Secures $12 Million

By Amit Chowdhry ● Apr 30, 2024

RevenueCat CEO Jacob Eiting revealed that the company has raised $12 million in funding, led by Adjacent. Other investors who joined the round include Y Combinator, Index Ventures, Volo Ventures, and SaaStr Fund. Nico Wittenborn of Adjacent will join the board. RevenueCat had raised $56 million before this funding round, bringing its total to over $68 million.

Moso: Shop-To-Earn Platform Company Raises $2 Million

By Amit Chowdhry ● Apr 29, 2024

Moso, a shop-to-earn platform that seamlessly merges online shopping with cryptocurrency, announced the successful completion of its $2 million seed funding round. This funding round attracted investment from prominent backers like Symbolic Capital, Dao5, Coinlist, Polygon Ventures, and several strategic angels.

Lear Acquires WIP Industrial Automation To Enhance AI Capabilities

By Amit Chowdhry ● Apr 29, 2024

Lear Corporation, a global leader in auto technology in Seating and E-Systems, today announced that it has entered into a definitive agreement to buy WIP Industrial Automation, a privately held systems integrator based in Spain that specializes in advanced automation solutions for industrial applications.