Archives

Brooklyn Artificial Intelligence Research Raises Strategic Funding From Several Investors

By Amit Chowdhry ● Dec 26, 2024

Brooklyn Artificial Intelligence Research announced the closing of a strategic funding round led by Atypical Ventures, with participation from S&P Global Ventures, the CEO of the Hantz Group, and asset and wealth management executives.

Foxit: Interview Executive VP WW Sales Andrew Travis About The AI-Based PDF Editing And eSign Company

By Amit Chowdhry ● Dec 26, 2024

Foxit is a leading provider of innovative PDF and eSignature products and services, helping knowledge workers increase productivity and do more with documents. Pulse 2.0 interviewed Foxit Executive VP WW Sales Andrew Travis to learn more about the company.

GoldenTree Asset Management Closes $500 Million CLO

By Amit Chowdhry ● Dec 26, 2024

GLM III, LP (GLM III) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers GoldenTree), announced the closing of a $500 million collateralized loan obligation (CLO) to be managed by GLM III.

INVI MindHealth: Interview With Founder & CEO Jonathan Wilson About The Personalized Mental Health Support Company

By Amit Chowdhry ● Dec 26, 2024

INVI MindHealth is a company that combines the power of biometrics, deep learning analytics, and human networks to provide personalized mental health support. The company’s unique swim buddy concept connects individuals on a journey to mental wellness, breaking down stigmas and empowering individuals to take control of their well-being. Pulse 2.0 interviewed INVI MindHealth CEO and founder Jonathan Wilson to learn more about the company.

Rocketlane: Interview With Co-Founder & CEO Srikrishnan Ganesan About The Customer Onboarding Company

By Amit Chowdhry ● Dec 26, 2024

Rocketlane is a customer onboarding and PSA platform that accelerates time-to-value and improves project profitability and predictability. And it unifies projects, people, and finances to help you collaborate with customers and deliver projects on time, and on budget. Pulse 2.0 interviewed Rocketlane co-founder and CEO Srikrishnan Ganesan to learn more about the company.

bolttech: Insurtech Company Raises Series C Funding At $2.1 Billion Valuation

By Amit Chowdhry ● Dec 26, 2024

Global insurtech company bolttech announced Dragon Fund, by Liquidity and MUFG, is leading bolttech's Series C funding round along with investors Baillie Gifford, Generali – through Lion River, the Group's company dedicated to Private Equity, and others.

BILT: 3D Intelligent Instruction Company Raises $21 Million

By Amit Chowdhry ● Dec 26, 2024

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

Craigs Investment Partners Signs Strategic Partnership with TA Associates

By Amit Chowdhry ● Dec 25, 2024

Craigs Investment Partners (a leading wealth management firm in New Zealand) announced that private equity firm TA Associates has signed a conditional agreement to make a strategic investment in the firm. Under the terms of the deal, Craigs’ existing employee and director shareholders will retain 50 percent ownership of the Firm, partnering closely with TA.

Crosscut Ventures: Jon Ylvisaker Named As Partner In Energy Innovation Strategy

By Amit Chowdhry ● Dec 25, 2024

Crosscut Ventures announced the appointment of Jon Ylvisaker as Partner. Bringing more than 25 years of investment experience, Jon will join Crosscut to accelerate the firm's growth and advance its commitment to scaling early-stage technology solutions in Crosscut fund six and beyond.

SAIC Awarded Prime Position On $1.8 Billion PRISM Contract

By Amit Chowdhry ● Dec 25, 2024

Science Applications International Corp. (SAIC) was awarded a prime position on the $1.8 billion Personnel and Readiness Infrastructure Support Management (PRISM) Multiple Award Task Order Contract (MATOC) vehicle to support the Department of Defense (DoD) and its need to obtain critical services in a shorter time frame. The contract award is for one base year and four option years.

PDW: Over $15 Million Secured In U.S. Army Contracts For C100 Drones

By Amit Chowdhry ● Dec 25, 2024

Performance Drone Works (PDW) announced it secured over $15.3 million in sales and contracts from the U.S. Army to supply its flagship C100 Group 2 Small Uncrewed Aircraft System (sUAS) to support the Army's 'Transformation in Contact’ initiative.

First Resonance: Digital Manufacturing Solutions Company Raises $12.5 Million

By Amit Chowdhry ● Dec 25, 2024

First Resonance - a leader in digital manufacturing solutions - announced the closing of its latest funding round, led by Third Prime, with support from Craft Ventures, Blue Bear Capital, and E12. This round, which brings the total funding raised to $32 million, marks a significant step in advancing First Resonance's ION Factory OS platform, introducing new levels of efficiency, responsiveness, and sustainability to manufacturing. This funding enables First Resonance to deepen customer support and enhance platform reliability while fueling continued product innovation.

GEMMABio: $34 Million (Seed) Raised For Advancing Gene Therapy Advancements

By Amit Chowdhry ● Dec 25, 2024

GEMMA Biotherapeutics - a new therapeutics company founded by gene therapy pioneer Dr. Jim Wilson - announced the completion of a $34 million seed funding round to accelerate its groundbreaking gene therapy initiatives.

Allo: RWA Tokenization Company Raises $100 Million In Debt Financing

By Amit Chowdhry ● Dec 25, 2024

Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, announced it has secured a $100 million Bitcoin-backed credit facility. This credit facility will further enhance Allo's BTC-backed lending services, catering to institutional and individual participants looking to engage in the growing crypto lending market.

HuLoop: AI-Based Intelligent Automation Company Raises Series A

By Amit Chowdhry ● Dec 25, 2024

HuLoop Automation, a leader in radically fast and affordable AI-based intelligent automation, announced its Series A funding round closing. Even though the specific terms aren't being announced publicly, the round was led by Mighty Capital, with significant participation from Moneta Ventures.

Kurrent: Event-Native Data Platform Company Raises $12 Million

By Amit Chowdhry ● Dec 25, 2024

Kurrent, an event-native data platform innovator, announced $12 million in funding, its rebranding from Event Store, and the official launch of Kurrent Enterprise Edition (now commercially available).

Jome: AI-Based Real Estate Marketplace Company Secures $9.8 Million (Series A)

By Amit Chowdhry ● Dec 25, 2024

Jome, an AI-based real estate marketplace that helps buyers find, compare, and purchase new construction homes, announced a $9.8 million Series A funding round led by Geek Ventures with participating investors U.Ventures, Toloka VC, and Forefront VP. The funding will expand its regional footprint in the U.S. Jome, formerly NewHomesMate, now operates in 16 major U.S. cities, including Austin, Denver, and Miami, listing 90% of available new construction inventory.

Embotech: CHF 23.5 Million Raised For Expanding Autonomous Driving Solutions

By Amit Chowdhry ● Dec 25, 2024

Embotech, an innovator in autonomous driving solutions for industrial logistics, announced it has received 23.5 million CHF (about $27 million) in Series B funding to help the company scale its Automated Vehicle Marshalling (AVM) and Autonomous Terminal Tractor (ATT) solutions in Europe, and ultimately in the United States, Middle East, and Asia. This funding round was led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC, and existing investors.

NewEdge Capital Exceeds 2024 Recruiting Target Of $9.5 Billion In Expected AUM In Less Than A Year

By Amit Chowdhry ● Dec 25, 2024

NewEdge Capital - a leading and growing wealth management firm supporting successful financial advisors nationwide - announced it exceeded its 2024 recruiting target of $9.5 billion in expected assets under management (AUM) in less than 12 months.

Sitemate: $18 Million (Series A) Raised To Build No Code Software Platforms

By Amit Chowdhry ● Dec 24, 2024

Sitemate, a software company building no-code software platforms for built world companies, today announces it has raised an $18 million Series A led by Blackbird, with participation from existing investors Shearwater Capital and Marbruck.

Cadstrom: AI Expert System Company Raises $6.8 Million (Seed)

By Amit Chowdhry ● Dec 24, 2024

Cadstrom, an AI-based expert system that enables electrical engineers to design electronic devices correctly on the first try, announced that it raised $6.8 million in seed funding. The funding round was led by Bison Ventures and included participation from Innovation Endeavors and AI2 Incubator, which previously invested $650K in a pre-seed round.

Ubiquity: Over $400 Million Green Debt Construction Financing Raised

By Amit Chowdhry ● Dec 24, 2024

Ubiquity - a digital communications infrastructure owner, operator, and developer - announced it has successfully secured $420 million in green construction financing facilities, with proceeds used to expand deployment of last-mile open-access fiber networks across its core markets in Texas, California, Arizona, and Nebraska.

Blue J: AI-Based Tax Research Company Raises Series C

By Amit Chowdhry ● Dec 24, 2024

Blue J, a leading provider of generative AI-based tax research to accounting and tax professionals, announced its Series C funding round led by Ten Coves Capital, a growth equity firm specializing in financial technology. The funding will advance Blue J’s mission to transform tax research by delivering instant, reliable answers that combine advanced AI technology with authoritative content from leading sources, including Tax Notes, a respected publication of tax news, analysis, research, and reference tools.

Corvias: Over $560 Million Secured For Supporting Privatized Military Housing Portfolio

By Amit Chowdhry ● Dec 24, 2024

Corvias announced it raised access to over $560 million in capital to support its privatized military housing portfolio, which is owned in partnership with the U.S. Army across six installations.

Retellio: $1.3 Million Raised To Help B2B Companies Access Customer Insights

By Amit Chowdhry ● Dec 24, 2024

Retellio, a B2B software platform that uses AI to extract key moments from customer calls and turn them into concise, insight-rich podcasts, announced $1.3 million in funding led by Pelorus Ventures, with participation from Island Capital, East Valley Ventures, The51, the Women’s Equity Lab and others.

Prequel: $3.3 Million (Seed) Secured For Helping Enterprises Boost Application Reliability

By Amit Chowdhry ● Dec 24, 2024

Prequel, a community-driven problem detection and management platform for cloud applications, announced it emerged from stealth and raised $3.3 million in seed funding. The round was led by Work-Bench, with participation from Runtime Ventures and Operator Partners.

Stand: $30 Million Raised To Use Physics-Driven AI To Insure Climate-Impacted Properties

By Amit Chowdhry ● Dec 24, 2024

Stand, a company reimagining insurance for climate-impacted properties, announced the launch of its debut product: California homeowners insurance that insures and fortifies properties to be resilient to wildfire. Launched earlier this year, Stand is backed by top-tier reinsurers, an AM Best A- Rating, and $30 million in funding from Inspired Capital, Lowercarbon, Equal Ventures & Convective Capital. With this foundation, the company is prepared to write over $2 billion in home coverage within its first year.

FastWave Medical: $19 Million Raised To Develop Intravascular Lithotripsy Systems

By Amit Chowdhry ● Dec 24, 2024

FastWave Medical, a clinical-stage medical device company, announced closing an oversubscribed $19 million funding round earlier this year, increasing the total capital invested into the company to over $40 million. And this significant investment, led by Epic Venture Partners with participation from M&L Healthcare Investments and the company's existing investors, will advance FastWave's rapid development momentum and provide crucial support for ongoing regulatory and clinical initiatives of its portfolio of IVL platforms.

Indapta Therapeutics: $22.5 Million Raised For Advancing Clinical Trials Of Cancer And Autoimmune Treatments

By Amit Chowdhry ● Dec 24, 2024

Indapta Therapeutics - a privately held clinical-stage biotechnology company developing next-generation cell therapies for the treatment of cancer and autoimmune diseases - announced it has closed a $22.5 million round of new financing to accelerate the clinical development of its differentiated allogeneic Natural Killer (NK) cell therapy. Current investors RA Capital Management, LP, Leaps by Bayer, the impact investment arm of Bayer AG, Vertex Ventures HC, Pontifax, and the Myeloma Investment Fund, the venture philanthropy subsidiary of the Multiple Myeloma Research Foundation, completed the round.

T-robotics: $5.4 Million (Seed) Raised To Simplify Industrial Automation

By Amit Chowdhry ● Dec 24, 2024

T-robotics, a programming developer for any robot using natural language and skill models with no code required, announced it raised a $5.4 million seed round, co-led by Emergent Ventures and Engine Ventures, with Berkeley Skydeck and Raisewell participating. And T-robotics will use the funding to expand its US and EU operations.