Innovation

RoomPriceGenie: $75 Million Raised For For Revenue Management Platform For Independent Hotels And Groups

By Amit Chowdhry ● Feb 24, 2025

RoomPriceGenie, a provider of revenue management systems (RMS) for independent hotels and groups, announced a $75 million investment from Five Elms Capital to accelerate international expansion and enhance its platform. As part of this next phase of growth, experienced technology executive Chas Scarantino has been appointed CEO. Co-founder and current RoomPriceGenie CEO Ari Andricopoulos will transition to Chief Strategy Officer (CSO) to focus on product innovation and strategic partnerships.

Hightouch: $80 Million (Series C) Raised At $1.2 Billion Valuation For AI-Based Marketing Platform

By Amit Chowdhry ● Feb 24, 2025

Hightouch, a leading data and AI platform for marketing and personalization, announced that it has raised an $80 million Series C at a valuation of $1.2 billion. Rajeev Dham at Sapphire Ventures led the funding round, which also included participation from NVC, ICONIQ Growth, Amplify Partners, Bain Capital Ventures, and Y Combinator.

Brother’s Bond Bourbon: $7.5 Million Raised For Global Expansion

By Amit Chowdhry ● Feb 24, 2025

Brother's Bond Bourbon, an award-winning American whiskey brand founded by co-creators, longtime friends, and whiskey experts Ian Somerhalder and Paul Wesley, announced the closing of a $7.5 million funding round. This is a testament to the brand's momentum and confirms investor confidence in the spirits industry's growth potential.

Perceive Pharma: $15 Million (Series A) Raised For Advancing Ophthalmic Neuroprotection

By Amit Chowdhry ● Feb 24, 2025

Perceive Pharma, a pharmaceutical company that is pioneering novel small molecule therapeutics in ophthalmology, announced the closing of a $15 million Series A funding round, including Deerfield Management, Johnson & Johnson (through its corporate venture capital organization, Johnson & Johnson Innovation – JJDC, Inc.), Braidwell LP, GV, the Retinal Degeneration Fund, and Catalio Capital Management, LP. Perceive Pharma was spun out from Perceive Biotherapeutics to accelerate the development of novel neuroprotective therapeutics in glaucoma and other indications. The company also brought in Carol Gallagher, Pharm.D., to the Perceive Pharma Board as an independent Board Director.

Ares Management: Tempus Debt Facilities Upsized To $560 Million

By Amit Chowdhry ● Feb 24, 2025

Ares Management - a leading global alternative investment manager - announced that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, a technology company leading the adoption of AI to advance precision medicine and patient care.

AirQtel: $27 Million (Series A) Raised For Aerial Surveillance Platform

By Amit Chowdhry ● Feb 24, 2025

AirQtel, an advanced aerial surveillance platform comprising industry-first hardened hardware and software for military, government, and commercial operations, announced it has raised $27 million in Series A funding to expedite the deployment of its aerial platform technology in partnership with multiple governmental entities. The funding follows an in-depth evaluation by both private and governmental partners.

Singulr AI: $10 Million (Seed) Raised For AI Governance Platform

By Amit Chowdhry ● Feb 23, 2025

Singulr AI recently launched with the general availability of its enterprise AI governance and security platform already deployed across technology, finance, and healthcare companies. And the company also announced $10 million in seed financing led by Nexus Venture Partners and Dell Technologies Capital, with participation from leading industry executives.

MirrorTab: $8.5 Million (Seed) Secured For Protecting Web Apps From Hackers

By Amit Chowdhry ● Feb 23, 2025

MirrorTab, a provider of advanced web application protection, announced it has raised $8.5 million in seed funding. Valley Capital Partners led the round, which also included GV, Ludlow Ventures, Altman Capital Fund, NextGen Venture Partners, and Alumni Ventures.

SRA Watchtower: $4 Million Raised For Financial Technology Platform

By Amit Chowdhry ● Feb 23, 2025

Financial technology platform SRA Watchtower announced the completion of a new $4 million funding round led by existing investors FINTOP Capital, JAM FINTOP, and EJF Capital. And this funding round follows the successful acquisition of Lumio Insight, further supporting the company’s growth and expansion.

Cambridge GaN Devices: $32 Million (Series C) Raised For Energy-Efficient Semiconductors

By Amit Chowdhry ● Feb 23, 2025

Cambridge GaN Devices (CGD), an innovator in gallium nitride (GaN) power devices, announced it closed a $32 million Series C funding round. The funding round was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group, and IQ Capital.

75F: $45 Million (Series B) Raised AI-Based HVAC Automation

By Amit Chowdhry ● Feb 23, 2025

75F, a leader in IoT and AI-driven commercial HVAC automation, announced a $45M Series B funding round, one of the largest in Minnesota history. This funding, led by Accurant International's Net Zero Alliance, with participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures, underscores the market’s growing confidence in light commercial building automation and 75F's easy and cost-competitive approach to building energy efficiency.

ElectronX: $10 Million Raised For Electricity Derivatives Exchange

By Amit Chowdhry ● Feb 23, 2025

ElectronX, a new energy exchange created to help accelerate the U.S. grid transition to renewable sources, announced it raised a $10 million strategic investment round led by Systemiq Capital. Equinor Ventures, Shell Ventures, and Innovation Endeavors participated in the round. Former U.S. Commodity Futures and Trading Commission (CFTC) Chairman J. Christopher Giancarlo also joined ElectronX as a strategic adviser.

Verkada: $200 Million (Series E) Raised At $4.5 Billion For Physical Security Technology

By Amit Chowdhry ● Feb 23, 2025

Verkada, a pioneer in cloud-based physical security technology, announced a $200 million Series E funding round. The round was led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised over $700 million in total funding and the latest round values the company at $4.5 billion.

Mavvrik: $6.2 Million (Seed) Funding Raised For IT Financial Control Platform

By Amit Chowdhry ● Feb 23, 2025

Mavvrik, a unified platform for IT financial control, announced a $6.2 million seed funding round led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures. This funding round fuels Mavvrik's go-to-market expansion and product innovation.

AheadComputing: $21.5 Million (Seed) Funding Raised To Develop Microprocessor Cores

By Amit Chowdhry ● Feb 23, 2025

AheadComputing announced it secured $21.5 million in seed funding to rapidly develop and commercialize its microprocessor architecture designed to meet the new and unique computing demands across AI, cloud, and edge devices.