Archives

TRACT: $11.2 Million Closed To Enhance Sustainability In Agricultural Supply Chains

By Amit Chowdhry ● Dec 3, 2024

TRACT, a SaaS platform dedicated to enhancing sustainability in agricultural supply chains, announced it has raised $11.2 million in new funding. This funding round includes more investments from the company's existing shareholders Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company (LDC), and Olam, alongside new partners The Working Capital Fund and Rabo Investments (the captive investment arm of Rabobank).

OneChronos Raises $32 Million For Expanding Trading Opportunities

By Amit Chowdhry ● Dec 3, 2024

OneChronos, a technology company utilizing advances in auction theory and computer science to optimize financial markets, announced $32 million in expansion capital as it supports its foothold in core business segments and grows into new markets. Addition led the funding.

Synapticure: Virtual Care Company Raises $25 Million (Series A)

By Amit Chowdhry ● Dec 3, 2024

Synapticure, a leading virtual care company focused on improving access and outcomes for patients and caregivers living with Alzheimer’s and related dementias, Parkinson’s, and other neurodegenerative diseases, announced the closing of its $25 million Series A funding round. Led by B Capital, the funding round included new investors CommonSpirit Health, CVS Health Ventures, RA Capital Management, and Nexus NeuroTech Ventures, and existing investors Google Ventures, Optum Ventures, and Rock Health Capital.

Turion Space Raises Strategic Funding From Veteran Ventures Capital

By Amit Chowdhry ● Dec 2, 2024

Veteran Ventures Capital (VVC), a firm investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, announced a strategic investment in Turion Space today. And Turion is at the center of solving two of space's most pressing capability gaps: space domain awareness and non-earth imaging, both critical to maintaining space operations and expanding in-space mobility.

Tokamak Energy: $125 Million Closed To Commercialize Transformative Fusion And Magnet Tech

By Amit Chowdhry ● Dec 2, 2024

Tokamak Energy announced it had raised $125 million to accelerate ambitious plans to commercialize fusion energy and grow its transformative high-temperature superconducting (HTS) technology solution, TE Magnetics. The funding round was co-led by East X Ventures and Lingotto Investment Management with participation from new investors including Furukawa Electric Company, British Patient Capital, global maritime company BW Group and Sabanci Climate Ventures.

Prism Worldwide: $40 Million Raised To Advance End-Of-Life Tire Recycling Technology

By Amit Chowdhry ● Dec 2, 2024

Prism Worldwide, a leader in innovative material solutions focused on advancing end-of-life tire recycling technology, announced it has raised $40 million in Series A and Series A1 funds. The funding rounds were co-led by return investors Columbia Pacific Advisors (a Seattle alternative investment firm) and Jim Sinegal (co-founder and former CEO of Costco). The combination of Series A and Series A1 funding round also includes participation from Robert "Spike" Anderson, former CEO of Anderson Daymon Worldwide. Anderson is Chairman of Prism Worldwide's board of directors.

Revv: $20 Million Closed To Transform Auto Repair With AI

By Amit Chowdhry ● Dec 2, 2024

Revv, a company that utilizes AI and machine learning to empower automotive repair shops with SaaS solutions that enhance safety and profitability, announced it has raised over $20 million in funding. The funding round, which was led by Left Lane Capital and continued participation from Soma Capital, 1984, and Agalé Ventures, validates the industry's confidence in Revv's potential to transform auto repair services.

Inhabit: Investment Raised From Blackstone And Greater Sum Ventures

By Amit Chowdhry ● Dec 2, 2024

Inhabit, a leader in property management software solutions, announced a preferred equity investment led by Blackstone Tactical Opportunities with an additional investment from Greater Sum Ventures (GSV). And Blackstone joins GSV and existing institutional investors Goldman Sachs, Insight Partners and PSG as shareholders in Inhabit.

Avolon: Unsecured Revolving Credit Facility Extended And Upsized To $5.8 Billion

By Amit Chowdhry ● Dec 2, 2024

Avolon, a leading global aviation finance company, announced the extension and upsizing of its unsecured revolving credit facility, supported by a syndicate of 25 banks. And the facility’s maturity date has been extended by two and a half years from April 2026 to October 2028, and upsized by $1 billion to $5.8 billion over the course of this year.

Konsileo: Chartered Commercial Broker Company Raises £8 Million

By Amit Chowdhry ● Dec 2, 2024

Chartered commercial broker Konsileo announced it has completed a £8 million fundraising to accelerate its expansion across the UK. And Konsileo specialises in mid-market advised sales for small, medium and mid-corporate businesses from construction and logistics firms, to farms to recycling plants. It has grown to employ 160 people across the UK.

Selector AI: Operational Intelligence AIOps Platform Company Closes $33 Million (Series B)

By Amit Chowdhry ● Dec 2, 2024

Selector, an AIOps solution that gives the world’s largest companies complete visibility and intelligence into their highly complex networks, infrastructure and applications, announced the closing of its $33 million Series B funding round. The funding round was led by Ansa Capital. It was joined by existing investors Two Bear Capital, Atlantic Bridge, and Sinewave Ventures, as well as AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures. The new funding brings Selector’s total funding to over $66 million.

Zenflow: Medical Device Company Raises $24 Million (Series C)

By Amit Chowdhry ● Dec 2, 2024

Zenflow, a medical device company developing a minimally invasive treatment for urinary obstruction caused by an enlarged prostate or benign prostatic hyperplasia (BPH), announced that it had raised a $24 million Series C financing round. The funding round includes new investor Cook Medical and existing investors Invus Opportunities, F-Prime Capital, Medical Technology Venture Partners, and others.

Tenstorrent: Computing Company Secures Over $693 Million (Series D)

By Amit Chowdhry ● Dec 2, 2024

Tenstorrent announced it has closed over $693 million in its Series D funding round at a pre-money valuation of $2 billion. Samsung Securities and AFW Partners led the funding round. Along with the leads, many notable investors joined the round including XTX Markets, Corner Capital, MESH, Export Development Canada, Healthcare of Ontario Pension Plan, LG Electronics, Hyundai Motor Group, Fidelity Management & Research Company, Baillie Gifford, Bezos Expeditions, and more.

AdvantageClub.ai: Employee Engagement Solutions Company Raises $4 Million

By Amit Chowdhry ● Dec 2, 2024

AdvantageClub.ai, a leader in employee engagement solutions, announced it has raised $4 million in its latest funding round, bringing its total funding to $11 million. The funding round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.

Lumin Digital: Cloud-Native Banking Company Raises $160 Million

By Amit Chowdhry ● Dec 2, 2024

Lumin Digital, a leading cloud-native digital banking provider, announced today that it has raised over $160 million in growth equity financing. The financing was led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.

iProov: Interview With President & Head Of The Americas Ajay Amlani About The Biometric Face Verification Company

By Amit Chowdhry ● Dec 2, 2024

iProov is a science-based biometric identity solutions provider. The company enables banks, government agencies and other organizations to verify that an online individual is who they claim to be. Pulse 2.0 interviewed iProov President and Head of the Americas Ajay Amlani to learn more about the company.

Orderful: $15 Million Raised To Transform B2B Integration With Its EDI Platform

By Amit Chowdhry ● Dec 2, 2024

Orderful, a company transforming business-to-business (B2B) integration with its Electronic Data Interchange (EDI) platform, announced that it raised $15 million in a growth round led by NewRoad Capital Partners. The funding round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

Device42: Interview With CEO & Founder Raj Jalan About The IT Infrastructure Company

By Amit Chowdhry ● Dec 2, 2024

Device42 is a company that provides comprehensive, continuously up-to-date views of assets across an organization’s entire IT infrastructure. Pulse 2.0 interviewed Device42 CEO and founder Raj Jalan to learn more about the company.

SKF: €430 Million Raised To Fund R&D Of Sustainable Technologies

By Amit Chowdhry ● Dec 2, 2024

SKF announced it has raised €430 million in funding from the European Investment Bank (EIB) with a tenor of up to ten years. The funding will support SKF's research and development (R&D) to increase its focus on high-growth segments and accelerate the design and development of enabling technologies, particularly for the green transition and sustainability.

Blue Bear Capital: $160 Million Fund III Closed

By Amit Chowdhry ● Dec 2, 2024

Blue Bear Capital - a venture and growth equity firm focused on AI-powered solutions for the world's energy, infrastructure, and climate challenges - announced the closing of its $160 million Fund III and additional follow-on vehicles.

SnapLogic: Interview With Founder & CEO Gaurav Dhillon About The Generative Integration Platform

By Amit Chowdhry ● Dec 2, 2024

SnapLogic is a generative integration platform for faster and easier digital transformation. Pulse 2.0 interviewed SnapLogic founder and CEO Gaurav Dhillon to learn more about the company.

Authenticx: Interview With Founder & CEO Amy Brown About The AI-Based Healthcare Solutions Company

By Amit Chowdhry ● Dec 2, 2024

Authenticx is a company that was founded to be a solution for healthcare to listen at scale. And it is used for turning conversations into actionable insights to reveal transformational opportunities in healthcare. Pulse 2.0 interviewed Authenticx founder and CEO Amy Brown to learn more about the company.

Margo: Interview With Chair Bart Nieuwborg About The Open Standard Industrial Automation Initiative

By Amit Chowdhry ● Dec 2, 2024

Margo is an open standard initiative for interoperable orchestration at the edge in industrial automation ecosystems. With the backing from giants ABB/B&R, Capgemini, Microsoft, Rockwell Automation, Schneider Electric, and Siemens as founding members, Margo is designed to streamline the integration of applications and devices across multi-vendor environments, simplifying digital transformations for organizations of all sizes. Pulse 2.0 interviewed Margo Chair Bart Nieuwborg to learn more about the initiative.

Peopletrail: Interview With CRO Gardner Davis About The Background Screening Company

By Amit Chowdhry ● Dec 2, 2024

Peopletrail is a globally trusted pre-employment screening partner that covers everything from criminal background checks to drug and occupational health screening. Pulse 2.0 interviewed Peopletrail Chief Revenue Officer Gardner Davis to learn more about the company.

Carthage Capital: Interview With Founder & Managing Partner Stephen Wu About The Options Trading Firm

By Amit Chowdhry ● Dec 2, 2024

Carthage Capital is a private equity firm that employs an options trading strategy that aims to generate 30%+ net profit every year. Pulse 2.0 interviewed Carthage Capital founder and managing partner Stephen Wu to learn more about the firm.

Lakeside Software: Interview With Founder & Board Member Mike Schumacher About The IT Optimization Company

By Amit Chowdhry ● Dec 2, 2024

Lakeside Software is a company that helps organizations with large and complex IT environments get visibility across their entire digital estate and see how to do more with less. Pulse 2.0 interviewed Lakeside Software founder and board member Mike Schumacher to learn more about the company.

Aon To Buy In-House Insurance Agency Of Mitsubishi Chemical Group

By Amit Chowdhry ● Dec 2, 2024

Aon plc - a leading global professional services firm - announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) enhancing Aon’s risk and health capability offering in Japan.

Northern Star To Buy De Grey Mining In A$5 Billion Deal

By Amit Chowdhry ● Dec 2, 2024

Northern Star Resources and De Grey Mining announced that they have entered into a binding Scheme Implementation Deed (SID) under which Northern Star proposes to acquire 100% of De Grey. Upon implementation of the deal, Northern Star will buy De Grey and its flagship project, Hemi, a low-cost, long-life, and large-scale gold development project in the Pilbara region of Western Australia.

Vitara Biomedical: $50 Million Raised To Transform Neonatal Care

By Amit Chowdhry ● Dec 2, 2024

Vitara Biomedical, a privately held company developing breakthrough technology intended to transform neonatal care, announced the closing of a $50 million funding round. The company’s technology was initially developed at the Children’s Hospital of Philadelphia (CHOP), which is one of the leading centers in the world for clinical and scientific innovation in neonatology. Sands Capital led the Series B financing with participation from Google Ventures (GV), First Spark Ventures, Flerie and Khosla Ventures.

Rocket Lab: $23.9 Million CHIPS Incentives Award Received From The U.S. Department of Commerce

By Amit Chowdhry ● Dec 2, 2024

Rocket Lab USA - a global leader in launch services and space systems - announced it has finalized a $23.9 million award from the U.S. Department of Commerce to increase its compound semiconductor manufacturing capability and capacity at the Company’s Albuquerque, New Mexico facility. And the semiconductors produced by Rocket Lab are used in space-grade solar cells and other optoelectronic products that are important components for national security and commercial applications.