Innovation

Bioniq: AI-Based Personalized Supplement Company Secures $15 Million At $75 Million Valuation

By Amit Chowdhry ● Jul 17, 2024

Bioniq, a company founded in 2019 and renowned for its personalized supplements based on blood biomarker data, today announced the closing of its $15 million Series B funding round. This oversubscribed round was led by Principal Investors HV Capital and Unbound. Now, the company is valued at $75 million, and it will use the funding to further expand its global market share through continued disruption of the dietary supplements market.

Escala Raises $12 Million Raised To Help Latin SMBs Optimize Processes

By Amit Chowdhry ● Jul 17, 2024

Escala - a company founded by tech entrepreneur Andrés Moreno - offers a marketing and sales platform aimed at digitizing and optimizing client acquisition and retention for small and medium-sized businesses (SMBs) in Latin America and the US Hispanic market. The company recently completed a $12 million funding round co-led by IGNIA and Alaya Capital, with participation from High Alpha and other investors.

Amity: $60 Million Raised For Transforming Legacy Products With AI

By Amit Chowdhry ● Jul 17, 2024

Amity Solutions (ASOL)—a leading software and AI business from Thailand and its parent company, Amity Corporation—announced the completion of a US$60 million Series C financing round. This funding round will support the company's mission to transform customer engagement software products into GenAI-centric applications that can create significantly more value and utility for enterprises.

Menlo Ventures And Anthropic Launching $100 Million Anthology Fund For Accelerating AI Innovation

By Amit Chowdhry ● Jul 17, 2024

Venture capital firm Menlo Ventures announced the Anthology Fund, a groundbreaking $100 million initiative created in partnership with Anthropic, which is the frontier AI safety and research company. The Anthology Fund looks to partner with innovative founders for building unique AI-first applications and infrastructure solutions that leverage Anthropic’s technology and AI models.

Tembo: Postgres-Managed Company Raises $14 Million In Series A

By Amit Chowdhry ● Jul 17, 2024

Postgres-managed service Tembo announced it has closed a $14 million Series A funding round. GreatPoint Ventures led the investment with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with several renowned angels.

appCD: Offering A New Approach To Solving The Challenges Of Infrastructure As Code

By Amit Chowdhry ● Jul 17, 2024

appCD is a company that generates Infrastructure from code automatically based on application code with golden standards applied. Pulse 2.0 interviewed appCD co-founder and CEO Sachin Aggarwal to learn more about the company.

Freshpaint: Healthcare Privacy Platform Company Closes $30 Million In Series B

By Amit Chowdhry ● Jul 17, 2024

Healthcare Privacy Platform company Freshpaint announced it raised $30.7 million in Series B funding led by Threshold, with additional participation from new investor SignalFire and existing investors Intel Capital, Y Combinator, and Zero Prime. This round brings Freshpaint's total funding to date to $41.8 million.

Benchmark Analytics: Strategic Growth Funding From PSG Equity

By Amit Chowdhry ● Jul 17, 2024

Benchmark Analytics—a SaaS-based, data-driven enterprise analytics platform that enables public safety agencies to improve the performance and wellness of their workforce while also helping to reduce risk—announced a strategic growth investment from PSG Equity. PSG is a leading growth equity firm that partners with software and technology-enabled services companies to navigate and capitalize on transformational growth.

Adona Medical: $33.5 Million Raised To Deliver Advanced Solutions For Heart Failure

By Amit Chowdhry ● Jul 17, 2024

Adona Medical, a company that aims to deliver advanced solutions for heart failure, announced it has secured $33.5 million in Series C financing. The funding round will be used to further product development and to initiate clinical use of the company's adjustable interatrial shunt with integrated bi-atrial pressure monitoring.

Sovereign’s Capital Closes Over $60 Million In Commitments For Fund IV

By Amit Chowdhry ● Jul 17, 2024

Sovereign’s Capital (a diversified alternative asset manager dedicated to excellence in faith-driven investing) has closed its largest venture capital fund to date, Venture Capital Fund IV, LP, with over $60 million in committed capital.

Index Ventures: $2.3 Billion In New Funds Raised

By Amit Chowdhry ● Jul 17, 2024

Index Ventures, a leading global venture capital firm, announced $2.3 billion in new funds to drive relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. When combined with Index’s existing $300 million Origin seed fund, Index is deploying $2.6 billion in capital to back founders from seed to IPO. This brings Index’s total capital raised to $15 billion since its founding.

Viridi: An Interview With CEO Jon M. Williams About This Fast-Growing Lithium-Ion Battery Company

By Amit Chowdhry ● Jul 17, 2024

Buffalo-based Viridi Parente is a company that specializes in point-of-use lithium-ion battery technology. Pulse 2.0 interviewed Viridi CEO Jon M. Williams to learn more about the company.

Infinitum: Air-Core Motor Company Raises $35 Million

By Amit Chowdhry ● Jul 16, 2024

Infinitum, the creator of the sustainable air-core motor, announced today it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group.

INNOTEX Raises Funding From Clearspring Capital Partners

By Amit Chowdhry ● Jul 16, 2024

Clearspring Capital Partners announced an investment in INNOTEX alongside founder Louis Carpentier and existing management.

HammerTech: Construction Safety Software Company Raises $70 Million

By Amit Chowdhry ● Jul 16, 2024

Construction safety software company HammerTech announced plans to accelerate business expansion and product innovation following a $70 million (A$105 million) growth investment from US-based Riverwood Capital, one of the leading investment firms solely dedicated to technology growth and scalability.

Scoop Analytics: Bringing A New Approach To Accelerated Business Performance In A $50+ Billion Market

By Amit Chowdhry ● Jul 16, 2024

Scoop Analytics is a company that offers a radical new approach to driving business performance by slashing the barriers analysts face in gathering, manipulating, and analyzing core business data. Pulse 2.0 interviewed Scoop Analytics CEO Brad Peters to learn more about the company.

Off Paper: Democratizing Quality Education For Children In Underrepresented Communities

By Amit Chowdhry ● Jul 16, 2024

Off Paper is an edtech nonprofit organization committed to democratizing quality education for children in vulnerable communities through the use of technology. Pulse 2.0 interviewed Off Paper founder Chloe Heng to learn more.

Honeywell Buying LNG Technology From Air Products For $1.81 Billion

By Amit Chowdhry ● Jul 16, 2024

Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x the estimated 2024 EBITDA.

team.blue Raises €550 Million At €4.8 Billion Valuation

By Amit Chowdhry ● Jul 16, 2024

team.blue, which is Europe’s leading digital enabler for entrepreneurs and SMBs, announced a significant investment from Canada Pension Plan Investment Board (CPP Investments).

Infinite Reality Raises $350 Million At $5.1 Billion Valuation And Buys Landvault For $450 Million

By Amit Chowdhry ● Jul 16, 2024

Infinite Reality (iR), a company powering the next generation of digital media and e-commerce through AI and immersive technologies, announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, bringing the company’s valuation to $5.1 billion. This funding, which is in equity and not debt, is new and separate from iR’s goal of completing the previously announced SPAC deal.

OT/3NDx: This Healthcare Platform Is Guiding Personalized Treatment Selection For Breast Cancer Therapies

By Amit Chowdhry ● Jul 16, 2024

Onconostic Technologies -3N Diagnostics Group (OT/3NDx), is an oncology company that already has an immunohistochemistry (IHC) tumor biopsy assay to guide personalized treatment selection for hormonal therapy, chemotherapy, and immunotherapy for breast cancer patients. Pulse 2.0 interviewed OT/3NDx founder and Chairman Dr. Partha Ray, MD, to learn more about the company.

Alvys: Logistics Operating Platform Company Raises $20.5 Million In Series A

By Amit Chowdhry ● Jul 15, 2024

Alvys, a logistics operating platform for logistics and supply chain management, today announced it has raised $20.5 million in a Series A funding round. This funding round was led by Titanium Ventures (formerly Telstra Ventures), with new investor Picus Capital and existing investors RTP and Bonfire.

Modicus Prime: $3.5 Million Closed To Automate Biologics Image Analysis

By Amit Chowdhry ● Jul 15, 2024

Modicus Prime - a resident at Johnson & Johnson Innovation – JLABS @ TMC - announced today that it completed a $3.5 million series seed funding led by Silverton Partners, with additional backing from Alumni Ventures and other leading venture firms. In connection with the funding round, Silverton Partners' Roger Chen joins the Company's board of directors.

UNCAGED Innovations: $5.6 Million Raised To Create Sustainable Leather From Grains At Scale

By Amit Chowdhry ● Jul 15, 2024

UNCAGED Innovations, a biomaterial company that is creating sustainable leather from grains at scale, has raised an oversubscribed $5.6M Seed investment. The funding round was co-led by Green Circle Foodtech Ventures and Fall Line Capital, with participation from Ponderosa Ventures, Golden Seeds and existing investor InMotion Ventures, the investment arm of JLR (Jaguar Land Rover).

Adaptive: Construction-Focused Financial Automation Platform Raises $19 Million In Series A

By Amit Chowdhry ● Jul 15, 2024

Adaptive, a leading financial automation platform working to transform how businesses in the construction industry manage their money, announced it secured a $19 million Series A funding round today. This investment was led by Emergence Capital along with participation from Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram. And the funding brings Adaptive's total capital raised to $26.4 million.

Scaler: $10 Million In Series A Raised To Advance Platform For Decarbonizing Real Estate

By Amit Chowdhry ● Jul 15, 2024

Scaler, a company focused on decarbonizing real estate with machine learning, ESG data collection, and reporting announced it had raised $10 million led by Plural in Series A funding. This funding round, which included participation from previous investor Base10, will be used to develop the product further, grow the engineering team, and expand to new markets beyond Europe to set a new standard in ESG decision-making.

NOWDiagnostics: OTC And POC Diagnostic Test Company Raises $22.5 Million In Series B

By Amit Chowdhry ● Jul 15, 2024

NOWDiagnostics (NOWDx), a developer of over the counter (OTC) and point-of-care (POC) diagnostic tests, announced it has raised $22.5 million in Series B financing. Led by DigitalDx Ventures, with notable investment from the Labcorp Venture Fund and Kompass Kapital Management, this oversubscribed funding round will be used to drive the commercialization of at-home diagnostic tests, continue developing new diagnostic innovations, expand the pipeline of tests, and support strategic hiring initiatives.

epilot: €10 Million Secured To Help Power Green Energy Transition

By Amit Chowdhry ● Jul 15, 2024

epilot, a platform powering the green energy transition through digital transformation, announced it had raised €10 million from Expedition Growth Capital. The new funding round will be used to accelerate its product roadmap and empower leading energy and utility companies to adopt renewable energy through seamless technology. And Expedition partner Will Sheldon join epilot’s advisory board.

DigniFi: Auto Repair Financing Company Raises $175 Million

By Amit Chowdhry ● Jul 15, 2024

DigniFi, a leading FinTech company that specializes in automobile repair financing, is thrilled to announce the addition of two new strategic funding partners on May 14, 2024. And Encina Lender Finance provides up to a $150 million credit facility while Brigade Capital Management contributes an additional $25 million in debt financing.

The Lasso: Car Bidding Company Raises $9.8 Million

By Amit Chowdhry ● Jul 15, 2024

Online car bidding platform The Lasso (previously known as Revv) announced it has raised $9.8 million in early-stage funding as it prepares to expand nationwide. This funding round - which was split in three tranches - led to a seed round. Crosslink Capital and Manresa Ventures were the lead investors, while Contour Venture Partners, Liquid2 Ventures, Ritual Capital, Correlation Ventures, and other firms also joined the round.