Archives

Axion Ray: AI Observability Command Center Company Secures $17.5 Million

By Amit Chowdhry ● Mar 13, 2024

Axion Ray - an AI-based observability command center relied on by leading manufacturing companies in detecting and solving emerging field quality issues affecting their customers - announced a $17.5 million Series A funding round led by Bessemer Venture Partners, including a strategic investment from RTX Ventures. Existing investors Amplo and Inspired Capital also joined the round.

Frazier Healthcare Partners Completes Acquisition Of RevSpring

By Amit Chowdhry ● Mar 13, 2024

Frazier Healthcare Partners, a healthcare-focused investment company, announced that it has completed its acquisition of RevSpring from private equity firm GTCR. RevSpring is a leading provider of end-to-end communication and payment solutions servicing healthcare and financial services companies. Frazier was joined in the deal by NEA, 22C Capital, and RevSpring’s senior leadership team.

Harvard Alumni Entrepreneurs Accelerator Unveils 12 Startups In 2024 Cohort

By Amit Chowdhry ● Mar 13, 2024

The Harvard Alumni Entrepreneurs Accelerator Powered by Pegasus Tech Ventures has unveiled its 2024 cohort, which includes 12 startups founded by Harvard alumni. The 2024 cohort includes the following companies:

Equinix Names Google Cloud Executive Adaire Fox-Martin As Next CEO

By Amit Chowdhry ● Mar 13, 2024

Digital infrastructure company Equinix announced a planned leadership transition effective late second quarter of 2024 when the current President and CEO Charles Meyers will transition to the role of Executive Chairman, and Google Cloud Go-to-Market President Adaire Fox-Martin will start serving as Equinix President and CEO. Peter Van Camp - currently the Executive Chairman - will step away from his formal responsibilities as a Board member to take the role of Special Advisor to the Board.

Spotify: Music Videos Rolling Out In Beta For Premium Users

By Amit Chowdhry ● Mar 13, 2024

Spotify announced it is launching music videos in beta for Spotify Premium users across 11 markets to enhance the artist-to-fan connection. As Spotify is where fans dive deeper into an artist’s music, music videos create a new connection point with artists.

Nozomi Networks: OT And IoT Security Company Raises $100 Million

By Amit Chowdhry ● Mar 13, 2024

Operational technology (OT) security and Internet of Things (IoT) security leader Nozomi Networks announced a $100 million Series E funding round to accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally.

RapidCanvas: $7.5 Million Raised To Help Organizations Build Production-Grade AI Solutions 10x Faster

By Amit Chowdhry ● Mar 13, 2024

RapidCanvas - an AI platform built for business - announced it has exited stealth mode with $7.5 million in seed funding led by Accel with participation from Valley Capital Partners.

Polar Signals: Data Observability Company Closes $10.8 Million In Funding

By Amit Chowdhry ● Mar 13, 2024

Observability industry leader Polar Signals announced a series of significant milestones that validate the company's rapid growth and commitment to innovation. The company secured an additional $6.8 million in funding. This funding round brought the company's total to $10.8 million.

Adaptive ML: $20 Million Secured To Improve GenAI Models Based On User Interactions

By Amit Chowdhry ● Mar 13, 2024

Adaptive ML - a company that enables companies to perpetually improve their generative AI (GenAI) models based on user interactions - announced that it has raised a $20 million seed round led by Index Ventures. Databricks Ventures, ICONIQ Capital, Motier Ventures, IRIS, HuggingFund by Factorial, and many notable angel investors joined the round.

CodaMetrix Raises $40 Million To Transform The Medical Coding Industry

By Amit Chowdhry ● Mar 13, 2024

CodaMetrix - a leading artificial intelligence (AI) solution for transforming healthcare and revenue cycle management - announced that it has closed a $40 million Series B funding round. Transformation Capital led the funding round with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.

Quaise Energy: Terawatt-Scale Geothermal Company Secures $21 Million

By Amit Chowdhry ● Mar 13, 2024

Quaise Energy—a company advancing the terawatt-scale geothermal industry—announced the closing of a $21 million Series A1 funding round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are some of the new investors participating in the round. This funding round will enhance Quaise's field operations and improve the company’s supply chain position.

Tavus: Generative AI Video Research Company Closes $18 Million In Series A

By Amit Chowdhry ● Mar 13, 2024

Leading generative AI video research company Tavus revealed that it raised $18 million in Series A funding late last year in a round led by Scale Venture Partners. Rory O’Driscoll joined the company’s board of directors. Sequoia Capital, Y Combinator, HubSpot, and others also joined the round. The funding will accelerate the development of its products and models.

Zephyr AI: $111 Million Raised To Develop AI Solutions For Democratizing Precision Medicine

By Amit Chowdhry ● Mar 13, 2024

Zephyr AI - a healthcare technology company focused on developing artificial intelligence (AI) solutions for democratizing precision medicine - announced it has closed a $111 million Series A funding round with participation from Revolution Growth, Eli Lilly & Company, Jeff Skoll, EPIQ Capital Group, and others.

Peerspace Signs Partnership With Booking.com

By Amit Chowdhry ● Mar 13, 2024

Peerspace announced a new partnership with Booking.com to help event organizers bring their visions to life. Event organizers who book a venue on Peerspace, plus all of their confirmed attendees, will now receive exclusive discounts on hotels and rental cars on Booking.com.

Luminary Cloud: Computer-Aided Engineering Company Exits Stealth With $115 Million In Funding

By Amit Chowdhry ● Mar 13, 2024

Luminary Cloud announced it has officially launched out of stealth. And Luminary Cloud also revealed that the company is backed by Sutter Hill Ventures - which led its $115 million funding. Luminary was incubated at Sutter Hill Ventures in 2019.

WealthFeed: Financial Advisor Growth Platform Company Closes $2 Million

By Amit Chowdhry ● Mar 13, 2024

WealthFeed - an AI-based organic growth platform for Financial Advisors - announces the successful closing of a $2 million funding round. The strategic investors in this round include Thicket Ventures and executives from the Registered Investment Advisor (RIA), investment banking, and private equity industries.

Codezero: Enterprise Microservices Development Company Raises $3.5 Million

By Amit Chowdhry ● Mar 13, 2024

Codezero - an innovator in secure enterprise microservices development - announced a $3.5 million seed-funding round led by cybersecurity-focused VC firm Ballistic Ventures. Ballistic Ventures' funding added to the support from the existing list of angel investors and advisors, including Thomas Dohmke, Nick Caldwell, Marty Weiner, and James Routh.

Legends: Kids Confidence Training Platform Raises $6 Million

By Amit Chowdhry ● Mar 13, 2024

Legends - a confidence-training platform for kids - has launched out of stealth and announced $6 million in seed funding from tech- and education-focused VCs, including Floodgate Capital, Reach Capital, and individual investors, including technologist Joe Liemandt.

OVHcloud: Global Cloud Provider Investing C$145 Million And Opening Data Center In Toronto Area

By Amit Chowdhry ● Mar 13, 2024

Leading global cloud provider OVHcloud US announced its parent company is expanding further internationally with the opening of a second Canadian site - which is the group's 42nd data center. This supported a long-term investment of C$145 million.

Prescient AI: Media Measurement And Optimization Company Secures $10 Million

By Amit Chowdhry ● Mar 13, 2024

Prescient AI, an AI-powered media measurement and optimization company that saw over 30x revenue growth last year, announced it raised $10 million in Series A funding, led by Headline and CEAS Investments. Blumberg Capital and Focal VC, the previous investors, also joined the round.

BlackRock Acquiring Solar Assets From Excelsior Energy Capital

By Amit Chowdhry ● Mar 13, 2024

Leading renewable energy infrastructure investor Excelsior Energy Capital announced the sale of a portfolio of 38 solar energy and solar plus storage projects from its Fund I portfolio to BlackRock’s Evergreen Infrastructure Partners Fund. Excelsior divested its entire stake as part of the deal.

Rede Partners Hires Riccardo Villa From Lazard As Head Of Strategic Capital Advisory

By Amit Chowdhry ● Mar 13, 2024

Rede Partners announced it appointed Riccardo Villa to the newly created Head of Strategic Capital Advisory role. Villa joins Rede with 20 years of experience from Lazard to deepen the firm's capabilities in supporting clients in building their franchises through accessing capital at the portfolio and corporate levels.

Lakera: Helping Enterprises Build AI Apps By Safeguarding Them From Cyber Risks In A $200+ Billion Market

By Amit Chowdhry ● Mar 13, 2024

Lakera is a company that enables enterprises to build exciting AI applications by safeguarding them from cyber risks. Pulse 2.0 interviewed Lakera CEO and co-founder David Haber to learn more about the company.

Freespace Robotics Raises Strategic Investment From U. S. Steel

By Amit Chowdhry ● Mar 13, 2024

Pittsburgh-based Freespace Robotics has raised a strategic investment from United States Steel. Freespace Robotics builds robotic storage and retrieval systems for warehouses worldwide. This funding will help Freespace hire and retain local talent and recruit others into the region.

Flagstone Raises £108 Million From Estancia Capital Partners

By Amit Chowdhry ● Mar 13, 2024

Flagstone - a leading UK-based cash deposit platform - announced a £108 million ($138 million) equity investment from Estancia Capital Partners. Estancia is a a US financial services specialist private equity firm with expertise in cash management. As part of the deal, Estancia takes a minority stake in the Flagstone business.

Empeon: How This Company Is Resolving The Challenges Of Healthcare Staffing

By Amit Chowdhry ● Mar 13, 2024

Empeon is a company that builds intuitive human capital management (HCM) software and a white-glove implementation process. Pulse 2.0 interviewed Empeon VP of Product Peretz Rapoport to learn more about the company.

Inflexion: £1.75 Billion Closed For Partnership Capital Fund III

By Amit Chowdhry ● Mar 13, 2024

Leading European mid-market private equity firm Inflexion announced the final close of Inflexion Partnership Capital Fund III at its hard cap of £1.75 billion, making it the largest dedicated minority fund in Europe. The Partnership Capital strategy targets minority equity investments into entrepreneurial businesses led by ambitious founders and management teams looking to multiply.

Webull Now Offers Futures And Commodities Trading

By Amit Chowdhry ● Mar 13, 2024

Leading low-cost trading company Webull has announced the expansion of its product offerings by adding futures and commodities trading. This allows customers to diversify their portfolios even more. Futures trading will offer Webull users a platform to participate in the futures market by enabling them to speculate on the directional/price move rather than owning the underlying asset.

Osaic Brings In $210 Million Latitude Wealth Advisors Team

By Amit Chowdhry ● Mar 12, 2024

Osaic - one of the largest providers of wealth management services in the nation - announced the addition of Latitude Wealth Advisors, a wealth management firm based in Hauppauge, New York. Latitude works with hundreds of families and businesses, representing $210 million in total client assets. The firm was previously affiliated with Ameriprise Financial and joined Osaic through Affiliated Advisors, one of Osaic's largest enterprise offices of supervisory jurisdiction (OSJs).

Bear Robotics Raises $60 Million Strategic Investment From LG

By Amit Chowdhry ● Mar 12, 2024

LG Electronics announced a strategic investment move to expedite the advancement of its capabilities in service robotics, a key new business area. LG executed a stock purchase agreement to invest $60 million in Bear Robotics, a startup specializing in AI-driven autonomous service robots.