Innovation

LeadsOnline: Interview With CEO Alex Finley About The Investigative Technology Company

By Amit Chowdhry ● Dec 11, 2024

LeadsOnline is an investigative technology company that serves law enforcement agencies in 80+ countries. Pulse 2.0 interviewed LeadsOnline CEO Alex Finley to learn more about the company.

Wire 3: $115 Million Credit Facility Signed For Accelerating Fiber Network Expansion

By Amit Chowdhry ● Dec 10, 2024

Wire 3, a leading provider of high-speed fiber-optic internet, announced the closing of a $115 million credit facility. This facility, led by Woodforest National Bank, CIBC, and JPMorgan, with participation from Axiom Bank, will support the continued expansion of Wire 3's state-of-the-art, 100% fiber-optic network across Florida.

LambdaTest: $38 Million Raised By AI-Based QA Agent-As-A-Service

By Amit Chowdhry ● Dec 10, 2024

LambdaTest, a leading cloud-based unified testing platform, announced it raised a $38 million funding round led by Avataar Ventures, with participation from Qualcomm Ventures. This brings the total funding to $108 million.

WeaveGrid: $28 Million Raised By EV Software Company

By Amit Chowdhry ● Dec 10, 2024

WeaveGrid - a software company that enables rapid electric vehicle (EV) adoption on the electric grid - announced $28 million in funding, led by Toyota's growth fund Woven Capital. And existing investors Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures participated, with debt provided by HSBC Innovation Banking.

Gentrace: $8 Million (Series A) Secured By GenAI Testing And Monitoring Company

By Amit Chowdhry ● Dec 10, 2024

Gentrace - a developer platform for testing and monitoring generative AI applications - announced an $8 million Series A funding round led by Matrix Partners, with participation from Headline and K9 Ventures. The funding round, bringing Gentrace's total funding to $14 million, comes as the company launches its groundbreaking tool, Experiments, enabling the first truly collaborative LLM product testing environment that extends beyond engineering teams.

Raptor Maps: $35 Million (Series C) Raised By Solar Asset Management Company

By Amit Chowdhry ● Dec 10, 2024

Raptor Maps announced an oversubscribed Series C financing round. The $35 million growth investment was led by Maverix Private Equity, with significant participation from existing investors MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator.

Astrix Security: $45 Million (Series B) Raised To Secure Non-Human Identities

By Amit Chowdhry ● Dec 10, 2024

Astrix Security - a trusted solution for securing non-human identities (NHIs) - announced $45 million in Series B funding led by Menlo Ventures with the participation of Workday Ventures, and existing investors, Bessemer Venture Partners, CRV, and F2 Venture Capital.

Google Unveils The Willow Quantum Computing Chip

By Amit Chowdhry ● Dec 10, 2024

Google’s Quantum AI founder and lead Hartmut Neven announced the company’s latest quantum chip, Willow. Willow offers high performance across several metrics, including two major achievements.

Capitolis Acquires Rates Portfolio Compression Company Capitalab In $46 Million Deal

By Amit Chowdhry ● Dec 10, 2024

Capitolis - a technology company helping to create safer and more vibrant capital markets - announced the acquisition of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for $46 million. This deal will enable Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional innovation to address emerging client needs.

Platinum Investing In HVAC/R Distributor Global, The Source

By Amit Chowdhry ● Dec 10, 2024

Platinum Equity announced a significant investment in Global, the Source, a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing. The deal marks Platinum Equity’s second investment in the HVAC/R industry this year. And in July, the firm invested in Motors & Armatures Inc. (MARS).

H.I.G. Capital: $1 Billion Bayside Loan Opportunity Fund VII Closed

By Amit Chowdhry ● Dec 10, 2024

H.I.G. Bayside Capital—a special situations credit affiliate of H.I.G. Capital, a leading global alternative investment firm with $66 billion of capital under management—announced the final closing of H.I.G. Bayside Loan Opportunity Fund VII. The fund closed with $1 billion of aggregate capital commitments and continues the Firm’s successful strategy of investing in special situation credit opportunities in the European middle market.