Archives

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.

Adcendo: $135 Million (Series B) Raised For Developing Treatments To Address Underserved Cancers

By Amit Chowdhry ● Dec 2, 2024

Adcendo, a biotech company focused on developing first-in-class ADCs for treating cancers with a high unmet medical need, announced the closing of an oversubscribed $135 million Series B financing round. The funding was led by TCGX, with participation from new investors TPG Life Sciences Innovations, Orbimed Advisors, Venrock Healthcare Capital Partners, Surveyor Capital (a Citadel company), and Logos Capital, as well as all existing investors, including RA Capital Management, Novo Holdings, Pontifax Venture Capital, Dawn Biopharma, a platform controlled by KKR, HealthCap, Gilde Healthcare and Ysios Capital.

Sagewind Capital Reveals Majority Investment in Aechelon Technology

By Amit Chowdhry ● Dec 2, 2024

Sagewind Capital - a government technology-focused U.S. private equity firm with offices in New York City and Washington, DC, announced a majority investment in Aechelon Technology.

Capitolis Raises Strategic Investments From Citi, Morgan Stanley, State Street, And UBS

By Amit Chowdhry ● Dec 2, 2024

Capitolis, a technology company helping to create safer and more vibrant capital markets, announced new strategic investments from four leading global banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, and new investors Morgan Stanley and UBS.

PlayCore Reveals Continuation Fund Led by Sage Equity Investors

By Amit Chowdhry ● Dec 2, 2024

Court Square Capital Partners - a leading U.S. middle market private equity firm - announced the closing of a single-asset continuation fund to continue its partnership with PlayCore Group (a market-leading provider of multi-brand playground equipment and recreation products).

The Veteran Fund Reveals Initial Fund For Investing In Military Veteran Companies

By Amit Chowdhry ● Dec 2, 2024

The Veteran Fund announced an oversubscribed closing of their inaugural investment Fund I. This fund was launched to support and empower veterans across the U.S. in their journey post-service. Launched by General Partners Ryan Micheletti, Mike Sherbakov, Lisa Song Sutton, and Justin Nahama, The Veteran Fund invests in early-stage startups led by veterans, focusing on critical, dual-use technologies that address national and commercial challenges.

Cardless: Co-Branded Credit Card Solutions Company Raises $30 Million

By Amit Chowdhry ● Dec 2, 2024

Cardless, a leading fintech company known for transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors, including Mischief (the fund co-founded by Plaid's Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless' total equity funding to date to $90+ million.

Eon: Cloud Backup Platform Company Raises $70 Million (Series C) At $1.4 Billion Valuation

By Amit Chowdhry ● Dec 2, 2024

Eon, a next-generation cloud backup platform, announced that it has raised a $70 million Series C funding round led by BOND, growing its valuation to $1.4 billion. Several existing investors joined the round, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners.

NTT DATA To Buy Niveus Solutions

By Amit Chowdhry ● Dec 2, 2024

NTT DATA - a leader in digital business and IT services - announced it has signed a definitive agreement to acquire Niveus Solutions, a premier cloud engineering company specializing in Google Cloud Platform (GCP) services.

Fortress Buys HDPE Company Infra Pipe Solutions

By Amit Chowdhry ● Dec 2, 2024

Fortress Investment Group announced that funds managed by its affiliates have acquired Infra Pipe Solutions, a leading manufacturer of small—to large-diameter high-density polyethylene (HDPE) pipes and structures sold under brand names including Sclairpipe, Weholite, Endopure, and Enduct. The funds managed by Fortress affiliates have acquired a majority of IPS’s equity; the company’s management team has retained a minority stake.