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Lean Technologies, a Riyadh-based fintech infrastructure platform, announced it had raised $67.5 million in Series B funding led by General Catalyst. Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO also participated in the round. This brings Lean’s total funding to over $100 million.

Rain Technology is a display technology innovator that has created the world’s most advanced directional and switchable privacy display technology and licenses its IP to tier one manufacturers and supply chain partners of laptops and monitors, smartphones, point-of-sale systems (POS), ATMs, automotive displays, AR/VR devices, etc. Pulse 2.0 interviewed Rain Technology Chief Executive Officer Robert Ramsey to learn more about the company.

Ferment, a venture studio creating bio-enabled product companies, announced it had launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors, including energy, agriculture, materials, and health.

Federato, an AI-native underwriting platform for insurance, announced that it has raised a total of $80 million, including its latest Series C funding round. This $40 million round was led by global private markets investor StepStone Group, with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC.

Cardo AI, a next-generation asset-based finance and private credit technology platform, announced it has completed its $15 million Series A round. The funding was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round.

Cortechs.ai, a leader in AI-based neuroimaging and prostate imaging solutions, is pleased to announced the closing of an oversubscribed Series C funding round led by VILAS Ventures. And existing investor Genting Berhad, a global conglomerate, participated in the round as well.

CalmWave - the creator of the Quiet ICU - announced that it has closed a $5.25 million financing round led by Third Prime with participation from Catalyst by Wellstar, Silver Circle, Rebellion, Impulsum, and existing investors Bonfire Ventures, Tau Ventures, and Hike Ventures. And CalmWave will use the new capital to accelerate market penetration and strengthen and expand its GPO channel partnerships, including Premier and Partners Coop.

Monkey Tilt, a platform pioneering a new era of entertainment and online gaming experiences, announced $30 million in Series A funding. Launched in March 2024, Monkey Tilt is creating the next frontier of gaming and bringing together the most trusted executives and voices across the industry to deliver a modern gaming experience.

Dash Bio is a company that is transforming clinical bioanalysis to expedite drug development. By utilizing AI and robotics, the company delivers higher-quality assays with turnaround times up to 10 times faster than the industry average for clinical trials and GLP studies. Pulse 2.0 interviewed Dash Bio co-founder and COO Ander Tallett to learn more about the company.

Sama is a global leader in ethical data annotation and model evaluation solutions for computer vision, generative AI, and other major applications of artificial intelligence. Pulse 2.0 interviewed Sama CEO Wendy Gonzalez to learn more about the company.

Generate Capital - a leading sustainable infrastructure investment firm - announced a $1.2 billion revolving credit facility and term loan to support its goal of becoming the capital partner for the infrastructure transition. This deal demonstrates strong support from financial markets for Generate’s leading model of building, owning, operating, and investing in the assets and companies delivering the increased demand for sustainable infrastructure solutions.

LPL Financial announced that the financial advisors at Nexus Wealth Partners have joined its broker-dealer, RIA, and custodial platforms. They reported serving approximately $410 million in advisory, brokerage, and retirement plan assets, joining LPL from Osaic.

SportAI is a B2B sports technology company based in Oslo, Norway, that utilizes AI to provide real-time sports technique analysis. And the company focuses on using computer vision and machine learning to democratize access to elite-level analysis for businesses across the sports industry. Pulse 2.0 interviewed SportAI CEO Lauren Pedersen to learn more about the company.

Patlytics, an AI-based patent workflow platform, announced significant company growth, such as commercial traction from AM100 firms and global enterprise customers, new product upgrades, and additional funding led by Myriad Venture Partners.

C8 Health is a company dedicated to enhancing healthcare delivery by providing comprehensive solutions for managing clinical resources and reducing variability in care. Pulse 2.0 interviewed C8 Health founder and CEO Galia Rosen Schwarz to learn more about the company.

Tokamak Energy announced it has raised $125 million to accelerate plans to commercialize fusion energy and grow its transformative high temperature superconducting (HTS) technology solution, TE Magnetics.

INITIATE Ventures announced the closing of $45 million in its debut venture capital fund and affiliated company creation platform. And INITIATE invests in and co-founds transformative companies at the intersection of healthcare, life sciences, and technology. The fund was designed to enable bold ideas and exceptional entrepreneurs, utilizing the expertise of its experienced investor-operator team.

Twine - a US and Israel-based cybersecurity company, announced $12 million in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz.

Citizen Health, an AI-based consumer health platform designed to support 400+ million individuals managing rare and complex conditions, announced the closing of a $14.5 million seed round. This funding round was led by Transformation Capital, with participation from Wavemaker 360 and prominent angel investors. This fundraising is further strengthened by a strategic program investment and partnership with the Chan Zuckerberg Initiative (CZI).

Distyl announced it has raised $20 million in Series A funding to drive its growth and to meet the accelerating demand from its Fortune 100 customers. This funding round adds Lightspeed Venture Partners, who led the round, and Khosla Ventures. And existing investors Coatue, Dell Technologies Capital, and Nat Friedman also joined, along with strategic and angel investors.

Osyte (pronounced O-Sight), the developer of an AI-based multi-asset portfolio management technology, announced the closing of its $4 million seed round. This additional funding will enable Osyte to expand its go-to-market capabilities, accelerate its AI product roadmap, and scale its client management team to meet growing demand.

Kintsugi AI, a tax automation platform, announced that it has extended its Series A with an additional investment from Airwallex, bringing the total funding to $10 million. The company’s previous investors include GSRVentures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC.

Soaak Technologies - an industry leader in AI-driven sound frequency therapies and biodigital wellness solutions - announced it has been awarded a $497,500 grant from the Oklahoma Center for the Advancement of Science and Technology (OCAST) under its Industry Innovation Program. This non-dilutive funding supports Soaak's continued goal of providing biodigital solutions while fueling job creation and economic growth in Oklahoma.

Lightyear, a leading provider of enterprise telecom management software, announced the completion of a $31 million Series B funding round led by Altos Ventures, with participation from existing investors Ridge Ventures, Amplo, Zigg Capital, and Susa Ventures.

Kalder announced it raised $10.5 million in funding, which includes its most recent $7 million seed round led by Javelin Venture Partners with participation from 8VC, Human Capital, Gingerbread Capital, Emergence Capital, and Formus Capital and prominent angel investors. Previously, Kalder raised $3.5 million in seed funding led by 500 Startups. Additional investors include Harry Maguire of Manchester United, Shuo Wang (Co-founder of Deel), Julius Genachowski, Board Chairman of Sonos, former FCC Chairman and board director of Mattel and Mastercard.

Class8 (a company that was previously recognized as FleetOps) announced it has secured $22 million in Series A funding, led by Xplorer Capital with new investor Commerce Ventures and returning partners Inspired Capital and Resolute Ventures.

Data security leader Cyera announced a $300 million Series D round. This latest funding round was led by Accel and Sapphire Ventures, with additional participation from Sequoia, Redpoint, Coatue, and Georgian, bringing Cyera's valuation to $3 billion (a more than twofold increase in just six months). This funding round follows Cyera’s $300 million Series C round earlier this year and brings Cyera's total funding to $760 million.

Keychain - a manufacturing platform for the packaged goods industry - announced that it has raised $15 million in new funding. The funding round was led by BoxGroup, with support from major food companies General Mills and Schreiber, and existing investors including Lightspeed Venture Partners, and SV Angel.

Copernic Catalysts - a developer of novel catalysts for sustainable chemicals and e-fuels - announced it has raised an oversubscribed $8 million Series Seed Prime round. Breakout Ventures led the round, with existing investors Future Ventures and Engine Ventures and new investors like Innospark Ventures, New Climate Ventures, and Impact Science Ventures.

Alentis Therapeutics - a clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis - announced that it has raised $181.4 million in Series D financing, supported by a syndicate of top-tier biotech investors. The funding will support Alentis to develop a deep pipeline of CLDN1 targeted medicines for solid tumors. This funding round was led by OrbiMed with co-leads Novo Holdings and Jeito Capital. New investors Frazier Life Sciences, Longitude Capital, Catalio Capital, Piper Heartland Healthcare Capital and Avego Bioscience Capital participated in the round. And significant backing was also received from existing investor RA Capital Management, along with support from Morningside Venture Investments, BB Pureos, Bpifrance through its InnoBio 2 fund, and other early institutional investors, all of whom have been instrumental to Alentis’ development path.