Innovation

Rad AI: $8 Million Raised To Develop Generative AI Solutions For Radiology

By Amit Chowdhry ● May 21, 2025

Rad AI announced an additional $8 million strategic investment to its latest funding round, led by four of the nation's most respected health systems: Advocate Health, Memorial Hermann Health System, Corewell Health, and Atlantic Health System.

Barndoor AI: $13.6 Million Seed Raised For Building Control Plane For The Agentic Enterprise

By Amit Chowdhry ● May 21, 2025

Barndoor AI has launched as the first control plane to allow enterprises to take control of their AI workforce and announced its seed funding of $13.6 million, led by Crosslink Capital, with participation by Preface Ventures, Precursor Ventures, Gaingels, Rob Hayes, Natalie Diggins, Scott & Cyan Banister, and others.

Blues: $25 Million Closed For Internet Of Things Connectivity Solutions Platform

By Amit Chowdhry ● May 21, 2025

Blues, a leader in Internet of Things (IoT) connectivity solutions, announced the closing of its latest $25 million funding round, led by Sequoia Capital

VUZ: Funding Raised From IFC And Others For Immersive Media Technology

By Amit Chowdhry ● May 21, 2025

VUZ, an immersive media company, announced it has secured the International Finance Corporation (IFC), a member of the World Bank Group, to invest in its $12 million Pre-Series C funding round. This funding round also includes participation from Al Jazira Capital, Crosswork VC Success fund (a pre-IPO venture capital fund), multiple existing investors, and several high-profile Saudi family offices, supporting VUZ's presence in key markets across the world.

True Markets: $11 Million Raised To Advance Stablecoin-Native DeFi Trading Mobile App

By Amit Chowdhry ● May 21, 2025

True Markets announced that it has raised $11 million in Series A funding, bringing its total funding to $20 million. The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and PayPal Ventures. Paxos Ventures and the Solana Foundation, seed investors, continue to support the company.

AskElephant: $6 Million Seed Raised For AI Orchestration Platform

By Amit Chowdhry ● May 21, 2025

AskElephant—the AI orchestration platform purpose-built for customer-facing teams—announced that it has raised $6 million in seed funding. Jump Capital led the round, which included participation from High Alpha, Tandem, SaaS Ventures, and a group of existing investors.

Stackpack: $6.3 Million Raised For Vendor Stack Management Platform

By Amit Chowdhry ● May 20, 2025

Stackpack, which is the first intelligent Vendor Stack Management platform helping companies regain control over their growing network of third-party vendors, announced it has raised $6.3 million. Freestyle Capital led the funding, with additional participation from Elefund, Upside Partnership, Nomad Ventures, Layout Ventures, MSIV Fund and strategic angels from Intuit, Workday, Affirm, Snapdocs and xAI.

Remedy Plan Therapeutics: $18 Million Secured For Advancing RPT1G Into Phase 1/2 Trials

By Amit Chowdhry ● May 20, 2025

Remedy Plan Therapeutics - a privately-held clinical-stage pharmaceutical company developing novel and hyperbolic NAMPT inhibitors - announced the company has raised over $18 million in an oversubscribed insider financing round. The funding round includes participation from Schooner Capital and Alexandria Venture Investments. This brings the company’s total funding to date to $55 million.

Complement 1: $16 Million Seed Raised For Scaling Validated Cancer Lifestyle Modification Platform

By Amit Chowdhry ● May 20, 2025

Complement 1, a health tech company transforming cancer care through personalized lifestyle medicine, announced a $16 million oversubscribed seed funding round led by Owl Ventures and Blume Ventures. It also includes participation from healthcare-focused angel investors, reflecting widespread investor confidence in the company’s impact and market potential.

Stablecorp: $1.8 Million Raised For Digital Money Infrastructure To Support The Global Payments Space

By Amit Chowdhry ● May 20, 2025

Stablecorp, a leading Canadian fintech firm and digital money infrastructure player, announced today that it recently received $1.8 million in strategic growth capital from Coinbase Ventures, Side Door Ventures and certain other existing investors.

Keyfactor Buying InfoSec Global And CipherInsights

By Amit Chowdhry ● May 20, 2025

Keyfactor, an industry leader in digital trust for modern enterprises, announced it has acquired InfoSec Global, a leader in cryptographic posture management, and CipherInsights, an advanced cryptographic discovery solution by Quantum Xchange.

Stylus Medicine: $85 Million Raised For Developing In Vivo Genetic Medicines

By Amit Chowdhry ● May 20, 2025

Stylus Medicine - a biotechnology company dedicated to developing transformative in vivo genetic medicines - announced it emerged from stealth with $85 million in financing. And Stylus’ funding includes a $45 million Series A extension financing with participation from RA Capital Management, Khosla Ventures, and six new investors including Chugai Venture Fund, Eli Lilly and Company, and Johnson & Johnson Innovation – JJDC. This funding follows a $40 million Series A investment from founding investors RA Capital and Khosla Ventures.

Flam: $14 Million Secured For Scaling AI Infrastructure

By Amit Chowdhry ● May 20, 2025

Brands have been searching for new ways to turn one-way messages into engaging two-way interactions. Flam is building the infrastructure to make that possible. The company has raised $14 million in Series A funding to scale its AI infrastructure, making it easy for marketers to turn any touchpoint into an interactive, app-less digital and 3D experience. The funding round was led by RTP Global, with participation from Dovetail and other existing investors, bringing Flam’s total funding to $22 million.

Flock Freight: $60 Million Series E Raised For Scaling Shared Truckloads

By Amit Chowdhry ● May 20, 2025

Flock Freight, which is the largest Shared Truckload (STL) freight brokerage in the U.S., announced it has raised $60 million in its Series E funding round. And O’Neil Strategic Capital led the round, along with participation from Susquehanna Private Equity Investments, SignalFire, GLP Capital Partners, Bracket Capital, and others.

Keep: C$108 Million Raised For Helping Small Business Banking In Canada

By Amit Chowdhry ● May 20, 2025

Keep, which is Canada's first all-in-one financial platform built exclusively for small businesses, announced a C$108 million in new funding as it emerged from stealth mode. This funding includes C$33 million in equity financing led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and a C$4 million venture debt line from Silicon Valley Bank. This funding round attracted strong participation from existing and new investors, including Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Notable individual investors include founders and executives from fintech leaders such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.

New Gen: $4.5 Million Seed Secured For AI-Based Commerce Platform

By Amit Chowdhry ● May 20, 2025

With AI platforms like ChatGPT transforming how people and AI agents search and shop, brands are pressured to deliver seamless, intelligent experiences. Between July 2024 and February 2025, traffic to U.S. retail websites from generative AI sources grew by 1,200%. To power the future of AI-based shopping and digital retail, New Generation (New Gen), a technology company redefining commerce for the AI internet, launched publicly with $4.5 million in seed funding.

veritree: $6.5 Million Series A Raised And 100 Million Trees Pledged

By Amit Chowdhry ● May 20, 2025

veritree, a platform focused on verified nature restoration, announced it has reached a landmark milestone of 100 million trees pledged across its global projects, from Kenya to the U.S. to Canada. The news comes along with a $6.5 million Series A financing round led by Pender Ventures, with participation from Garage Capital, Northside Ventures, and Diagram Ventures.

Flock: $20 Million Series B Raised For Developing Retirement Solution For Landlords

By Amit Chowdhry ● May 20, 2025

Flock, a retirement solution for landlords, announced a $20 million Series B round, led by Renegade Partners, with participation from existing investors Andreessen Horowitz (a16z), Primary Ventures, Susa Ventures, 1Sharpe Ventures, and others.

FanBasis: $20 Million Series A Secured For Powering Next-Gen Digital Businesses

By Amit Chowdhry ● May 20, 2025

FanBasis, an end-to-end ecosystem powering digital businesses, announced a $20 million Series A funding round led by Left Lane Capital, with participation from notable celebrities and internet entrepreneurs Ryan Serhant, Gerard Piqué, Connexa Capital, KSI, Vikkstar, Zerkaa, Miniminter & The Sidemen via Upside Ventures, and Gerard Piqué.

Sweep: $22.5 Million Series B Raised For Agentic Workspace For Business Systems

By Amit Chowdhry ● May 20, 2025

Sweep, a leading agentic workspace for business systems, announced $22.5 million in Series B funding led by Insight Partners with participation from Bessemer Venture Partners.

Scoutbee: Interview With CEO Gregor Stühler About The Supplier Connection Platform

By Amit Chowdhry ● May 20, 2025

Scoutbee is a buyer/supplier network helping businesses find and evaluate the right suppliers faster, smarter, and more efficiently. Pulse 2.0 interviewed Scoutbee CEO Gregor Stühler to learn more about the company.

Cellcentric: $120 Million Raised For Treating Multiple Myeloma

By Amit Chowdhry ● May 19, 2025

CellCentric, a clinical-stage biotechnology company developing inobrodib (a first in class oral cancer drug to treat specific cancers, notably multiple myeloma) announced the completion of a $120 million Series C funding round. The funding was co-led by RA Capital Management and new investor Forbion, with participation from Avego Bioscience Capital, and BrightEdge, the American Cancer Society’s venture capital and impact investment arm.

Theo Ai: $4.2 Million Seed Raised For Advancing AI-Based Settlement Prediction for Big Law

By Amit Chowdhry ● May 19, 2025

Theo Ai, a AI-driven prediction platform for litigation, announced it has raised a $4.2 million seed round just six months after its $2.2 million pre-seed announcement in November. The funding round was co-led by returning investor NextView Ventures and new investor Collide Capital.

Persist AI: $12 Million Series A Raised And Cloud Lab Launched

By Amit Chowdhry ● May 19, 2025

Persist AI, a pioneer in AI-based robotics for pharmaceutical formulation development and Chemistry, Manufacturing, and Controls (CMC), announced the launch of its Cloud Lab platform following the closing of an oversubscribed $12 million Series A funding round. The funding round was led by Spero Ventures with participation from MBX Capital, Shimadzu Future Innovation Fund managed by Global Brain, Eli Lilly, SignalFire, Ford Street Capital, Purdue Ventures, Good AI Capital, Cartography Capital, Asymmetry Ventures, and existing investors 2048 Ventures, Innospark, and Y Combinator.

Button Finance: $5 Million Series A Raised For Transforming Home Equity Lending

By Amit Chowdhry ● May 19, 2025

Button Finance - a fintech company transforming home equity lending - announced it closed a strategic $5 million Series A funding round led by Hildene Capital Management, a structured credit-focused asset manager with about $17 billion in assets, with participation from existing investors.

Samsung Buying HVAC Solutions Company FläktGroup For €1.5 Billion

By Amit Chowdhry ● May 19, 2025

Samsung Electronics announced that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions provider, for €1.5 billion from European investment firm Triton. With the global applied HVAC market experiencing rapid growth, this deal enhances Samsung’s commitment to expanding and strengthening its HVAC business.

VIVE: Strategic Investment Raised From Potamus Equity

By Amit Chowdhry ● May 19, 2025

VIVE, a leading compliance and vendor management platform for property managers, announced a strategic investment from Potamus Equity. This partnership enables VIVE to execute on its strategic objectives to streamline compliance, enhance transparency, and empower property management teams.

Databricks To Buy Serverless Postgres Company Neon

By Amit Chowdhry ● May 19, 2025

Databricks announced its agreement to buy Neon, a leading serverless Postgres company. And Databricks plans to continue innovating and investing in Neon's database and developer experience for existing and new Neon customers and partners.

Health Data Company Datavant To Buy Aetion

By Amit Chowdhry ● May 19, 2025

Leading health data platform company Datavant announced that it has signed an agreement to acquire Aetion, a leading real-world evidence (RWE) platform that powers healthcare decision-making. With this deal, Aetion will join Datavant to deliver an end-to-end RWE platform, enabling healthcare and life sciences companies to answer research questions more efficiently about the clinical impact of therapies in development and in market.

VFlowTech: $20.5 Million Raised For Energy Storage Solutions

By Amit Chowdhry ● May 19, 2025

VFlowTech, a homegrown leader in long-duration energy storage solutions, announced it has raised $20.5 million in its latest funding round.