Innovation

Variational AI: $5.5 Million Raised For Small Molecule Drug Discovery

By Amit Chowdhry ● Feb 26, 2025

Variational AI (the company behind Enki) - which is an advanced foundation model for small molecule drug discovery - announced the completion of its oversubscribed $5.5 million Seed extension round. Nimbus Synergies led the round, with participation from Merck Global Health Innovation Fund, Quimby Investments, Threshold Impact, and Defined Capital. Existing investors Flying Fish, A&E Investment, and Nepenthe Capital participated in the round.

COVU: Series A Increased To Over $22 Million For Insurance Customer Management Platform

By Amit Chowdhry ● Feb 26, 2025

COVU, an AI-native leader in insurance customer management and risk advisory, announced that it has increased its Series A to $22 million after successfully hitting key milestones, bringing its total funding to $32 million.

Metronome: $50 Million (Series C) Raised For Advancing Usage-Based Pricing In Software And AI

By Amit Chowdhry ● Feb 26, 2025

Metronome, a leading usage-based billing platform, announced $50 million in Series C funding following an 8-fold increase in dollars billed on the platform in 2024. Existing investor NEA led the round, which also included a16z, Greyhound Capital, General Catalyst, Workday Ventures, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures. The company has now raised $128 million.

Paradox Immunotherapeutics: $10 Million Raised For Development Of Antibody Therapies To Treat Protein Misfolding Diseases

By Amit Chowdhry ● Feb 26, 2025

Paradox Immunotherapeutics, a pharmaceutical company focused on developing innovative antibody therapies that treat protein misfolding diseases, announced a $10 million financing led by SymBiosis, an investment firm focused on advancing biotherapeutics innovations for serious and life-threatening diseases.

One Senior Care: Interview With COO Craig Worland About The Quality Of Life Improvement Service

By Amit Chowdhry ● Feb 26, 2025

One Senior Care is a company that is on a mission to improve the quality of life for seniors by supporting PACE programs with innovative solutions and exceptional service. Pulse 2.0 interviewed One Senior Care COO Craig Worland to learn more about the company.

Camber Partners: Fund II Closed At $210 Million

By Amit Chowdhry ● Feb 26, 2025

Camber Partners announced the closing of Fund II with total capital commitments of $210 million, surpassing the fund's original target of $150 million and the hard cap of $200 million.

Leonardo DRS: $45 Million U.S. Navy Investment Commitment Received

By Amit Chowdhry ● Feb 26, 2025

Leonardo DRS announced that it has received a $45 million U.S. Navy Submarine Industrial Base (SIB) investment commitment through contracts with HII’s Newport News Shipbuilding. This investment is expected to expand the capabilities of DRS’s new 140,000-square-foot naval propulsion manufacturing facility, which is currently under construction in Goose Creek, SC. It includes capital equipment and other infrastructure enhancements.

Wallbox: EV Charging Company Raises $10 Million Investment

By Amit Chowdhry ● Feb 26, 2025

Wallbox, a leader in electric vehicle (EV) charging and energy management solutions, announced an investment of approximately $10 million. Investors include Inversiones Financieras Perseo, S.L. (Iberdrola’s subsidiary), Orilla Asset Management, and Enric Asunción (CEO and Co-Founder).

Hyperlume: $12.5 Million (Seed) Secured For Transforming AI Data Center Connectivity

By Amit Chowdhry ● Feb 26, 2025

Hyperlume announced it has completed a $12.5 million seed round to commercialize its high bandwidth, low latency, low power interconnects for AI data centers and high-performance computing systems. This oversubscribed round, led by BDC's Deep Tech Venture Fund and ArcTern Ventures with participation from MUUS Climate Partners, SOSV and Intel Capital also includes a strategic investment from LG Technology Ventures.

Guidde: $15 Million (Series A) Raised For Building Autonomous AI Video Platform For Digital Adoption

By Amit Chowdhry ● Feb 26, 2025

Guidde, a pioneer in AI-based video documentation, announced a $15 million expansion of its Series A funding round, bringing total funding to $30 million. The funding round was led by Qualcomm Ventures, with participation from existing investors, including Norwest Venture Partners, Entrée Capital, Honeystone Ventures, Tiferes Ventures, and Inkberry Ventures.

Lambda: $480 Million (Series D) Raised For Expanding AI Cloud Platform

By Amit Chowdhry ● Feb 26, 2025

AI Developer Cloud Lambda announced it has raised $480 million in Series D, bringing the total equity capital raised to date to $863 million. The funding round was co-led by Andra Capital and SGW, with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, and others. Strategic investment came from Pegatron, Supermicro, Wistron, and Wiwynn, and many existing investors, including 1517, Crescent Cove, and USIT.

Baseten: $75 Million (Series C) Raised To Advance Inference Platform For AI-Native Products

By Amit Chowdhry ● Feb 26, 2025

Baseten, a leading inference platform for AI-native products, announced the closing of a $75 million Series C round of funding co-led by IVP and Spark with additional participation from Greylock, Conviction, South Park Commons, 01 Advisors, and Lachy Groom.

VitalConnect: Ambulatory Cardiac Monitoring Company Raises $100 Million

By Amit Chowdhry ● Feb 26, 2025

VitalConnect, a biosensor technology leader specializing in ambulatory cardiac monitoring, announced the closing of $100 million in financing through a combination of equity and debt capital. The equity funding was led by new investor Ally Bridge Group, with significant participation from the Company’s existing investors, including EW Healthcare Partners, MVM and Revelation Partners while Trinity Capital provided the debt financing.

EnPlusOne Biosciences: About $10 Million Raised For Delivering Better RNA At Scale

By Amit Chowdhry ● Feb 26, 2025

EnPlusOne Biosciences, a biotechnology company utilizing the power of enzymes to deliver better RNA at scale, announced that it had raised additional funding to scale and drive continued technical advancements of its ezRNA synthesis platform.

Aspen Power: Multiple Financings Raised To Advance Distributed Generation Growth

By Amit Chowdhry ● Feb 26, 2025

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, announced multiple new financings to support its expansion across the U.S. And the company announced the closing of an additional investment from Carlyle, building on the firm’s initial commitment in 2022, while also securing a new $142 million construction-to-term credit facility with MUFG to fund its 2025 project pipeline.

Ochy: AI-Based Running Gait Platform Raises $1.7 Million (Pre-Seed)

By Amit Chowdhry ● Feb 26, 2025

Ochy, a transformative AI-based running gait platform that is redefining how athletes enhance performance and prevent injuries, announced a $1.7 million pre-seed fundraising round. The funding round was led by Redstone’s Social Impact Fund, with participation from Look AI Ventures, BPI France, Berkeley SkyDeck, and strategic corporate investors, including Agile Physical Therapy.

Musubi: $5 Million (Seed) Raised To Transform Trust & Safety AI

By Amit Chowdhry ● Feb 26, 2025

Musubi, an AI platform transforming Trust & Safety through adaptive AI content moderation, announced it has raised $5 million in an oversubscribed seed round. This funding was led by J2 Ventures with participation from Shakti Ventures, Mozilla Ventures, and existing pre-seed investor J Ventures. Launched by the former CTO of Grindr and OkCupid, Musubi is set to revolutionize the Trust & Safety landscape with its unique approach.

Sawmills: $10 Million (Seed) Raised For Telemetry Data Management Platform

By Amit Chowdhry ● Feb 25, 2025

Sawmills, the first smart telemetry data management platform, emerged from stealth with $10 million in seed funding. This highly oversubscribed round was led by Team8, with participation from Mayfield and Alumni Ventures. Launched by enterprise software veterans who were previously executives at New Relic, CloudBees, and Tricentis.

Devolutions: Interview With CEO David Hervieux About The IT Management Company

By Amit Chowdhry ● Feb 25, 2025

Devolutions is a company that helps IT departments become more efficient by delivering professional, low cost, easy-to-use management tools backed by a world-class support team. Pulse 2.0 interviewed Devolutions CEO David Hervieux to learn more about the company.

Blackstone Infrastructure To Buy Safe Harbor Marinas In $5.65 Billion Deal

By Amit Chowdhry ● Feb 25, 2025

Blackstone announced that funds managed by Blackstone Infrastructure have agreed to acquire Safe Harbor Marinas, the largest marina and superyacht servicing business in the United States, from Sun Communities for $5.65 billion. Safe Harbor runs 138 marinas across the U.S. and Puerto Rico and is the industry leader in boat storage and servicing.

RedKangaroo: Interview With Founder & CEO Balaji Krishnan About The E-Commerce Platform Company

By Amit Chowdhry ● Feb 25, 2025

RedKangaroo is the pioneering e-commerce platform offering exclusive discounts for products shared with friends and followers. Engage your network, unlock savings, and discover the power of shared deals. Revolutionize how you shop and promote with RedKangaroo. Pulse 2.0 interviewed RedKangaroo founder and CEO Balaji Krishnan to learn more about the company.

Corpay: Credit Facility Upsized By $750 Million

By Amit Chowdhry ● Feb 25, 2025

Corpay - a global S&P 500 corporate payments company - announced that it closed on an amendment to its Term Loan B credit facility that resulted in an increase of $750 million. The deal is leverage neutral, and the interest rate and maturity remain consistent with the existing credit facility.

Stablepharma: €2.5 Million Awarded For Advancing Pharmaceutical Technology

By Amit Chowdhry ● Feb 25, 2025

UK-based biotechnology firm Stablepharma announced it has been awarded €2.5 million through the European Innovation Council (EIC) Accelerator program. This grant recognizes the company’s fridge-free pharmaceutical technology, which meets EIC’s rigorous criteria for excellence, impact, and risk management.

Ignis H2 Energy: $12.5 Million (Series A) Raised For Geothermal Exploration

By Amit Chowdhry ● Feb 25, 2025

Ignis H2 Energy, a geothermal exploration and development startup, announced the first closing of its Series A funding round, securing $12.5 million from a consortium of investors, including leading funds and private individuals. This funding round was led by alfa8 and includes a commitment from drilling contractor Nabors Industries, alongside investments from existing shareholders, private individuals, and family offices.

AiDEN Auto: $4.2 Million (Seed) Raised For Privacy-First Connected Vehicle Technology

By Amit Chowdhry ● Feb 25, 2025

AiDEN Auto, a leader in privacy-first connected vehicle technology, announced the closing of a $4.2 million oversubscribed Seed funding round, bringing its total funding to $6.1 million. AiDEN’s seed round was led by Nuri Venture Partners, and additional investors included Tengro Ventures, Band of Angels, Mentors Fund, Start Equity Ventures, Conxcity and Weltham Capital, and a distinguished group of veteran angel investors and family offices. AiDEN’s angel round also saw participation from IF Insurance and several Silicon Valley angel investors.

73 Strings: $55 Million (Series B) Raised For Financial Intelligence Platform

By Amit Chowdhry ● Feb 25, 2025

73 Strings, the financial intelligence platform utilizing AI to transform data extraction, monitoring, and valuation for the $17.6 Trillion AUM Alternative Asset Management space, announced it has successfully closed a $55 million Series B round.

Cambium: $18.5 Million (Series A) Secured For Transforming The Wood Industry

By Amit Chowdhry ● Feb 25, 2025

Cambium, a supply chain technology company transforming the wood industry with sustainable materials and smarter supply and logistics, announced an $18.5 million Series A funding round, led by VoLo Earth Ventures, with participation from NEA, Dangerous Ventures, Tunitas Ventures, Woven Earth, Understorey, Groundswell and Ulu Ventures. And existing investors, including MaC Venture Capital, Rise of the Rest, 81 Collection, Alumni Ventures, and Soma Capital, also participated in this round.

Vellox Group: $20 Million Investment Secured From Arcadea

By Amit Chowdhry ● Feb 25, 2025

Vellox Group announced it has launched one of the most capable and fully unified software platforms integrating the capabilities of four historically independent, market-leading businesses: Spidertracks, Air Maestro, Flight Vector, and Complete Flight. This merger establishes Vellox Group as the premier choice for operators in diverse sectors like medical, industrial, public safety, energy, tourism, defense, charter, and government—delivering unparalleled functionality via a seamless platform built for the long term.

Exotec: Next-Gen Skypod System And Over $400 Million In Projects Secured In Past 2 Years

By Amit Chowdhry ● Feb 25, 2025

Global warehouse Exotec recently made a few major announcements. For example, the company has launched its Next Generation Skypod system, which has higher performance, improved storage density, and advanced software features. The company also secured over 20 projects worldwide over the past two years, totaling $400 million.

OnoratoAI: Interview With Founder Pablo Mariñosa About The AI & Emotional Computing Company

By Amit Chowdhry ● Feb 25, 2025

OnoratoAI is a parrot that uses AI and emotional computing to care for and improve the lives of the elderly. Pule2.0 interviewed OnoratoAI founder Pablo Mariñosa to learn more about the company.