Innovation

Sublime Security: AI-Powered Programmable Email Security Company Raises $20 Million

By Amit Chowdhry ● Apr 28, 2024

Sublime Security, an AI-powered programmable email security platform, announced that it has raised $20 million in Series A funding. Index Ventures led the round, which included previous investors Decibel Partners and Slow Ventures.

Nooks: AI Dialing And Prospecting Platform Raises $22 Million

By Amit Chowdhry ● Apr 28, 2024

Nooks, a rapidly growing AI dialing and prospecting platform, announced that it had raised $22 million in Series A funding. This round, led by Lachy Groom and including participation from Tola Capital and Stifel Venture Banking, brought Nooks' total funding to $27 million.

Dripos: Coffee Shop Platform Raises $11 Million

By Amit Chowdhry ● Apr 27, 2024

Dripos, a platform built specifically for coffee shops, announced a $11 million Series A funding round led by Base10. This funding will fuel Dripos' continued goal to transform coffee shops' operations. The company's co-founders have over eight years of experience in building food tech startups, with multiple ventures backed by startup accelerator Y Combinator.

Anon: AI Access And Control Developer Platform Company Secures $6.5 Million

By Amit Chowdhry ● Apr 27, 2024

Anon, a developer platform empowering secure AI access and control to user accounts online, announced $6.5 million in funding and a powerful toolkit that unlocks the full potential of AI applications. Driven by investment from Union Square Ventures and Abstract Ventures (seed lead investors) and early support from Impatient Ventures and ex/ante (pre-seed lead investors), Anon is prepared to transform how developers build and deploy AI. Strategic angel investors in the round include Ryan Hoover (founder of Product Hunt), Gokul Rajaram (early Google, Square, and Doordash), Scott Belsky (founder of Behance and CPO at Adobe), and Amjad Masad (co-founder/CEO at Replit).

Variantyx: Molecular Diagnostics Company Closes $36 Million In Funding

By Amit Chowdhry ● Apr 27, 2024

Variantyx, a molecular diagnostics leader, announced that it had secured an additional $36 million in funding from its portfolio of investors, which includes Peregrine Ventures, Pitango HealthTech, New Era Capital Partners, and Bosch Ventures.

Handl: $2.5 Million Raised To Help Benefits Consultants Deliver Affordable Health Benefits

By Amit Chowdhry ● Apr 27, 2024

Handl Health, an AI platform built to help benefits consultants design and deliver affordable health benefits, announced an oversubscribed $2.5 million seed funding round initiated by Mucker Capital and Everywhere VC, with participation from Tau Ventures, Riverfront Ventures, Digital Health Venture Partners (DHVP), Boutique Venture Partners, Plug and Play Ventures and Techstars. This funding round will enable Handl Health to realize its goal of transforming employer-sponsored healthcare through data-driven health plan design and management.

Auburn University In Partnership With Oak Ridge National Laboratory Awarded $10 Million Department Of Energy Grant

By Amit Chowdhry ● Apr 27, 2024

Auburn University’s McCrary Institute for Cyber and Critical Infrastructure Security received a $10 million Department of Energy grant in partnership with Oak Ridge National Laboratory (ORNL) to create a pilot regional cybersecurity research and operations center to protect the electric power grid against cyber attacks. The total value of this project is $12.5 million as the additional $2.5 million comes from Auburn University and other strategic partners.

GTCR To Buy Wealth Management Tech Platform AssetMark For $2.7 Billion

By Amit Chowdhry ● Apr 27, 2024

AssetMark Financial Holdings (a leading wealth management technology platform for financial advisors) announced that it has signed a definitive agreement to be acquired by GTCR (a leading private equity firm with expertise in financial technology, wealth, and asset management). AssetMark stockholders will receive $35.25 per share in cash, representing a total equity valuation of about $2.7 billion. Under the terms of the deal, GTCR will buy a 100% interest in the company.

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.