Innovation

Engineered Arts Raises $10 Million For Scaling Humanoid Robotics

By Amit Chowdhry ● Dec 17, 2024

Engineered Arts, a leader in the design and manufacture of humanoid robotics founded in the U.K., announced it has restructured as a U.S. entity to expand its footprint and meet growing U.S. demand. Along with this move, the company closed a $10 million Series A funding round to accelerate product refinement, manufacturing, production, and business systems. Helium-3 Ventures led the Series A funding, with additional participation from AppDirect Chairman and CEO Nicolas Desmarais, Belvoir Investments, and a consortium of investors, such as ThirtySeven Holdings and Figueira Capital. And Matt Bellamy (frontman of the English rock band Muse and a partner in Helium-3 Ventures) will join Engineered Arts’ board as an observer.

AbbVie Buying Nimble Therapeutics In $200 Million Deal

By Amit Chowdhry ● Dec 17, 2024

AbbVie and Nimble Therapeutics announced a definitive agreement under which AbbVie will acquire Nimble, including its lead asset, an investigational oral peptide IL23R inhibitor in preclinical development for the treatment of psoriasis and a pipeline of other novel oral peptide candidates with potential across several autoimmune diseases. Additionally, AbbVie will acquire Nimble's peptide synthesis, screening, and optimization platform, which uses proprietary technology to help drive rapid discovery and optimization of peptide candidates for various targets.

Axonify: Interview With Co-Founder & CEO Carol Leaman About The Frontline Enablement Solution

By Amit Chowdhry ● Dec 17, 2024

Axonify is a frontline learning and enablement solution that’s science-backed and proven to maximize the potential of workforces. It gives frontline workers the tools they need to learn, connect, and get things done day-to-day. Pulse 2.0 interviewed Axonify co-founder and CEO Carol Leaman to learn more about the company.

Actfore: Interview With Founder & CEO Christian Geyer About The AI-Based Data Mining Solutions Company

By Amit Chowdhry ● Dec 17, 2024

Actfore is a company that offers insurance carriers, legal counsel, and corporations advanced AI/ML-powered data mining solutions to detect and uncover sensitive information compromised in cyber breaches swiftly. Pulse 2.0 interviewed Actfore Founder & CEO Christian Geyer to learn more about the company.

Arctic Wolf Buying Cylance’s Assets From BlackBerry For $160 Million

By Amit Chowdhry ● Dec 17, 2024

Arctic Wolf and BlackBerry announced they have entered into a definitive agreement for Arctic Wolf to buy BlackBerry’s Cylance endpoint security assets. Cylance is a pioneer of AI-based endpoint protection trusted by thousands of organizations worldwide. Through this acquisition, Arctic Wolf ushers in a new era of simplicity, flexibility, and outcomes to the endpoint security market.

Sia Partners: Strategic Minority Investment Of Up To €250 Million Raised From Blackstone

By Amit Chowdhry ● Dec 17, 2024

Sia Partners - a next-generation independent management and AI consulting firm - announced a minority investment of up to €250 million from funds managed by Blackstone’s private equity strategy for individual investors to support the company’s continued growth. And founder and CEO Matthieu Courtecuisse retains a significant majority stake in Sia and will continue to lead the Company. It marks the Company’s first partnership with a financial investor since its founding.

Brightly: Climate Tech Company Raises $2.3 Million (Seed)

By Amit Chowdhry ● Dec 17, 2024

Brightly, a climate-tech company transforming food waste into high-integrity carbon credits to fund food rescue organizations, announced it has closed an oversubscribed $2.3 million seed round. The funding round was led by Schreiber Foods, a leading global food company, with additional support from G-Force, Collaborative Fund, Clear Current Capital, and Windsail Capital.

Anghami Raising Up To $55 Million From OSN Group

By Amit Chowdhry ● Dec 17, 2024

Anghami announced that it secured a significant new round of funding, from OSN Group of up to $55 million with a $12 million initial investment in a convertible note program. This funding represents a significant milestone in Anghami journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.

Chargezoom: AI-Based Billing And Integrated Payments Company Raises $11.5 Million (Series A)

By Amit Chowdhry ● Dec 17, 2024

Chargezoom, a leading platform for AI-based billing and integrated payments, announced it has raised $11.5 million in Series A funding led by Salt Lake City's Kickstart Fund. Chargezoom also welcomes new investors Motley Fool Ventures, Early Light Ventures, Frazier VC, and Adly, along with continued support from SaaS Venture Capital, Stout Street Capital, and Okapi Venture Capital.

Promise Bio: $8.3 Million (Seed) Raised To Transform Immune-Mediated Disease Treatment

By Amit Chowdhry ● Dec 17, 2024

Promise Bio, a company transforming immune-mediated disease treatment with advanced precision medicine solutions, announced its emergence from stealth with an $8.3 million seed investment. And this funding will accelerate the development of Promise Bio's computational platform, which uses epiproteomics and artificial intelligence to predict patient treatment responses and support drug research and development.

Unrivaled: Professional Women’s Basketball League Raises $35 Million (Series A)

By Amit Chowdhry ● Dec 17, 2024

Professional women's basketball league Unrivaled announced the closing of its oversubscribed Series A investment round led by the Berman Family, securing $28 million in funding. This funding round includes investments from 8-time NBA All-Star and NBA Champion Giannis Antetokounmpo and Build Your Legacy Ventures; Co-Owner/CEO of Boston Globe Media and Partner at Fenway Sports Group Linda Henry; Avenue Sports Fund and Marc Lasry; 23-time Gold Medalist, World Champion, and Mental Health Advocate Michael Phelps and Nicole Phelps, President of Michael Phelps Foundation and Mental Health Advocate; 3-time NCAA Champion Head Coach for South Carolina Women's Basketball Dawn Staley; Warner Bros. Discovery; Sophomore Guard at USC JuJu Watkins, and others.

Keepit: SaaS Data Protection Company Raises $50 Million

By Amit Chowdhry ● Dec 17, 2024

Keepit, an independent cloud-native data protection and backup provider, announced a $50 million funding round, led by existing investor One Peak, and EIFO, the Export and Investment Fund of Denmark. This funding round marks the company’s third equity investment in the past four years, bringing total funds raised to about $90 million.

Pattern Energy Reveals Equity Investment From Consortium

By Amit Chowdhry ● Dec 17, 2024

Pattern Energy Group LP - a leader in renewable energy and transmission infrastructure - announced that a consortium, headed by APG Asset Management N.V. (APG), on behalf of the largest Dutch pension fund, ABP, and Australian Retirement Trust (ART), will acquire Riverstone Holdings equity stake in the company, becoming owners alongside Canada Pension Plan Investment Board (CPP Investments) and Pattern management. The transaction is expected to close in the first half of 2025, subject to receipt of required regulatory approvals and other customary closing conditions. The financial details were not disclosed.

Trinity Capital Providing $50 Million In Equipment Financing To Form Energy

By Amit Chowdhry ● Dec 17, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-oriented companies - announced the commitment of $50 million in equipment financing to Form Energy, which is an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.

Fluid Biomed: $27 Million (Series A) Raised For Advancing Lifesaving Products For Patients Suffering From Vascular Disease

By Amit Chowdhry ● Dec 17, 2024

Fluid Biomed - a clinical-stage medical device company developing lifesaving products for patients suffering from vascular disease - announced it closed an oversubscribed $27 million Series A equity financing. The funding round is co-led by Amplitude Ventures and an undisclosed major strategic partner. New participants in the investment syndicate include IAG Capital Partners and LifeArc Ventures, as well as returning investors, ShangBay Capital and METIS Innovative.

Orbus Software Reveals Strategic Growth Investment From FTV Capital And SilverTree Equity

By Amit Chowdhry ● Dec 17, 2024

Orbus Software, a global market-leading SaaS enterprise transformation software provider, announced a significant growth equity investment from FTV Capital. FTV is investing alongside co-control partner SilverTree Equity, a London-based software specialist investor that has supported Orbus since its investment in December 2020. The funding will fuel Orbus’s continued expansion into the United States and other high-growth markets, enable further penetration into regulated industries such as financial services, healthcare, government, and others, and enhance the platform’s technology and AI capabilities.

BILT: $21 Million (Series B) Raised For Scaling 3D Instructions Platform

By Amit Chowdhry ● Dec 17, 2024

BILT, a leader in 3D Intelligent Instructions, announced it has closed a $21 million funding round, led by Silverton Partners with participation from Amex Ventures, Fifth Growth Fund, and Silicon Valley Bank. And the funding will be used to expand operations as demand for 3D interactive and extended reality (XR) immersive instructions increases.

Cornell Capital Names Jennifer Cattier As New Partner

By Amit Chowdhry ● Dec 17, 2024

Cornell Capital - a U.S.-based private investment firm with approximately $5.3 billion of AUM and offices in New York and Hong Kong - announced the promotion of Jennifer Cattier to Partner. And based in the New York office, Cattier will continue to focus on advancing Cornell Capital’s strategic priorities, overseeing firm operations and personnel, and spearheading transformative infrastructure initiatives.

Prima: $42.5 Million Raised For Creating A Reliable Procurement Experience For Companies

By Amit Chowdhry ● Dec 16, 2024

Prima - a technology-first manufacturing and supply chain integrator creating a more reliable procurement experience for companies - announced that it has raised $23 million in funding, bringing the total funding in previously undisclosed rounds to $42.5 million. Prima's investors include Acrew, Quona Capital, Nazca, Greenoaks, Canary, NXTP, Picus Capital, Endeavor, Fluent Ventures, K50 Ventures, Marathon Ventures, Box Group, and WTI, and 110+ angel investors from the industrial ecosystem.

Nscale: AI Hyperscaler Company Raises $155 Million (Series A)

By Amit Chowdhry ● Dec 16, 2024

Nscale, a hyperscaler engineered for AI, announced that it had raised $155 million in Series A funding to accelerate expansion across Europe and North America. Advised by Barkers Point Capital Partners and led by Sandton Capital Partners, with participation from Kestrel 0x1, Blue Sky Capital Managers, and Florence Capital, this funding round signals confidence in Nscale’s path to building the hyperscaler, purposely engineered for AI.

Crusoe: AI-Infrastructure Provider Raises $600 Million (Series D) At $2.8 Billion

By Amit Chowdhry ● Dec 16, 2024

Crusoe, the industry’s first vertically integrated AI infrastructure provider, announced it has closed a $600 million Series D funding round. The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. Crusoe has established itself as a leader in the AI industrial revolution through its innovative approach.

Scale Microgrids: $150 Million In Tax Equity Financing From Truist Bank

By Amit Chowdhry ● Dec 16, 2024

Scale Microgrids announced it closed a major tax equity transaction with Truist Bank to support the construction of new distributed energy assets across the U.S. Under this partnership, Truist will provide a tax equity investment of up to $150 million.

Nectir: $6.3 Million (Seed) Raised For Giving Students A Personalized AI Learning Partner

By Amit Chowdhry ● Dec 16, 2024

Nectir, a company giving every student a personalized AI learning partner, announced a $6.3 million seed round led by Long Journey Ventures and Entrada Ventures, Precursor Ventures, and Behind Genius Ventures.

SkySQL: Serverless Cloud DBaaS Platform Company Raises $6.6 Million

By Amit Chowdhry ● Dec 16, 2024

SkySQL announced it had raised $6.6 million in new funding to redefine cloud database management with groundbreaking AI and serverless capabilities, backed by Eniac Ventures, Good Capital, and WTI.

1m: Data And Analytics Company Raises $10 Million (Series A)

By Amit Chowdhry ● Dec 16, 2024

1m - a data and analytics technology company serving the risk management needs of large healthcare organizations - announced that it has raised $10 million in Series A financing. The funding round comprises $7.3 million in venture funding and $2.7 million in converted securities.

Twelve Labs: Video Understanding Company Raises $30 Million

By Amit Chowdhry ● Dec 16, 2024

Video understanding company Twelve Labs announced that three of the world's leading infrastructure providers, Databricks, SK Telecom, Snowflake Ventures, HubSpot Ventures, and In-Q-Tel (IQT), have each made a significant strategic investment in the company. The $30 million in funding validates the value Twelve Labs delivers to end customers, particularly in the media and entertainment space.

Tuva Health: $5 Million (Seed) Secured For Building Open-Source Healthcare Data Transformation Platform

By Amit Chowdhry ● Dec 16, 2024

Tuva Health, an open-source healthcare data transformation platform, announced it launched out of stealth with $5 million in seed funding. The funding round was led by Virtue, with participation from Box Group and Y Combinator, and several health tech angel investors. In an expanding market like healthcare, the potential for growth is unparalleled.

CoachCare: Remote Patient Monitoring And Virtual Care Company Secures $11 Million

By Amit Chowdhry ● Dec 16, 2024

CoachCare - a leader in remote patient monitoring (RPM) and virtual care management - announced an $11 million investment from growth equity firm Catalyst Investors. This latest funding round follows a $48 million funding in June led by Integrity Growth Partners and Topmark Partners, bringing CoachCare’s total equity funding for 2024 to $59 million. And the company has secured a credit facility with Everberg Capital, providing up to $52 million in debt financing.

BECIS: Energy-As-A-Service Company Raises $53 Million

By Amit Chowdhry ● Dec 16, 2024

BE C&I Solutions (BECIS) announced it raised $53 million in new equity financing from existing shareholders, namely FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy), and Siemens Financial Services.

Players Health: Athlete Safety Company Secures $60 Million (Series C)

By Amit Chowdhry ● Dec 16, 2024

Players Health, a leading provider of athlete safety and sports insurance solutions, announced the closing of its $60 million Series C funding round. The funding round was led by Bluestone Equity Partners, the institutionally-backed global private equity firm focused on the Sports, Media & Entertainment industry. And this funding brings Players Health’s total to over $100 million and signals a bold new chapter in the company’s mission to redefine athlete safety across amateur and professional sports.