Archives

Brixton Biosciences: $2 Million NIH HEAL Initiative Grant Received

By Amit Chowdhry ● Oct 24, 2024

Brixton Biosciences, a clinical-stage life sciences company, announced today it has been awarded first-year funding of a $2 million grant from the National Institutes of Health (NIH) through the Helping to End Addiction Long-term Initiative, or NIH HEAL Initiative. The grant (No. R44AR084998) will support Brixton’s ongoing development of Neural Ice, an injectable and drug-free pain management technology designed to provide long-lasting relief from chronic and post-operative pain.

Redaptive: $100 Million Raised For Accelerating Global Decarbonization

By Amit Chowdhry ● Oct 24, 2024

Redaptive, a leading Energy-as-a-Service (EaaS) provider, announced it has secured an additional $100 million equity investment from the Canada Pension Plan Investment Board (CPP Investments). This funding will support Redaptive's acceleration of project growth and enhancement of its service offering to better serve its rapidly growing customer base and ecosystem of energy performance developers and contractors in their growing demand for decarbonization and drive significant progress toward their net-zero goals.

Conga Launches Open Revenue Lifecycle Management Platform

By Amit Chowdhry ● Oct 24, 2024

Conga, a leader in Revenue Lifecycle Management, announced the general availability and launch of the full Conga Revenue Lifecycle Management (RLM) platform, the Conga Advantage Platform. Conga is the only RLM solution provider to deliver a complete, customer-proven, and open solution that easily integrates with customers’ business infrastructure via connectors and a comprehensive open API.

Stream.Security: Cloud Detection And Response Solution Company Raises $30 Million (Series B)

By Amit Chowdhry ● Oct 23, 2024

Stream.Security, a leading provider of real-time cloud security solutions, announced the closing of a $30 million Series B funding round led by U.S. Venture Partners, with participation from new investors, Citi Ventures, and existing investors, Energy Impact Partners (EIP), Cervin Ventures, TLV Partners, and Glilot Capital Partners VC. This new funding round brings the total investment in Stream.Security to $55 million.

Cyera Buys Trail Security For $162 Million

By Amit Chowdhry ● Oct 23, 2024

Cyera announced the acquisition of Trail Security - which is a next-generation data loss prevention (DLP) company - for $162 million. This deal marks a key milestone for Cyera, the three-year-old cybersecurity company valued at over $1.4 billion as it continues to expand its AI-driven platform.

Turnover Labs: $1.4 Million (Pre-Seed) Raised To Decarbonize Chemical Manufacturing Industry

By Amit Chowdhry ● Oct 23, 2024

Turnover Labs, an early-stage, NYC-based start-up that aims to decarbonize the chemical manufacturing industry and change the way the world produces petrochemicals, announced that it has closed a $1.4 million pre-seed funding round. Pace Ventures and GC Ventures are co-leads, along with Sandy Spring Climate Partners and several leading VC firms.

Infinitus Systems: $51.5 Million (Series C) Raised To Automate Manual Healthcare Phone Calls

By Amit Chowdhry ● Oct 23, 2024

Infinitus Systems - a provider of the first AI platform specifically built to automate manual healthcare phone calls - announced it has raised its Series C financing led by Andreessen Horowitz. Andreessen Horowitz and Memorial Hermann Health System joined existing investors Kleiner Perkins, Coatue, and GV (Google Ventures) to invest an additional $51.5 million to accelerate the Infinitus mission of transforming healthcare operations with AI. This brings the company's total raised to $102.9 million.

Agriculture Capital: Ben Vitale Named As New Partner

By Amit Chowdhry ● Oct 23, 2024

Agriculture Capital (AC), a leader in regenerative agriculture investments, announced the addition of Ben Vitale as a new Partner. Vitale officially joins the team with over thirty years of executive and investment management experience in the carbon and environmental commodities markets, agriculture, infrastructure, and water sectors.

Polsinelli Onboards John M. Robert As Tax Shareholder in Washington, D.C.

By Amit Chowdhry ● Oct 23, 2024

Law firm Polsinelli announced it has welcomed John M. Robert as a shareholder in the Tax Practice Group in Washington, D.C. Joining from an Am Law 30 firm, Robert focuses his practice on corporate and international tax matters and has substantial experience in structuring corporate mergers, acquisitions and dispositions, spin-offs, liquidations and cross-border transfers.

Michigan CDFI Coalition: $186.9 Million In Federal Funding Awarded To 9 Institutions

By Amit Chowdhry ● Oct 23, 2024

Over $186.9 million was recently awarded to nine Michigan Community Development Finance Institutions (CDFI) from federal funds to build capacity and advance their missions, supporting economic revitalization efforts in underserved communities across the state.

Citizens Onboards $600 Million Florida-Based Team

By Amit Chowdhry ● Oct 23, 2024

Citizens Financial Group announced that it is welcoming a new team of seasoned wealth advisors, led by Stephen LaForte and Jonathan Soto, as part of its ongoing strategy to accelerate wealth capabilities in key markets across the U.S. Based in Boca Raton, these senior advisors bring more than four decades of combined experience in wealth management and previously managed approximately $600 million in client assets. They specialize in customized wealth management solutions for high-net-worth and ultra-high-net-worth individuals, families, and businesses.

Cedars-Sinai Accelerator 10th Class Showscases Solutions During Demo Day At HLTH 2024

By Amit Chowdhry ● Oct 23, 2024

The participants from the Cedars-Sinai Accelerator’s 10th class showcased their healthcare solutions during Demo Day at HLTH 2024 yesterday at The Venetian Expo Center in Las Vegas, Nevada.

DNA Fund Buys Coral Capital To Invest An Additional $50+ Million In Web3 And AI Companies

By Amit Chowdhry ● Oct 23, 2024

DNA Fund, an investor in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings. This established investment management firm has previously managed millions in the DNA founders' personal funds.

Neuron7.ai: Service Resolution Intelligence Company Raises $44 Million (Series B)

By Amit Chowdhry ● Oct 23, 2024

Neuron7.ai, a pioneer in Service Resolution Intelligence, announced it has raised $44 million in Series B funding led by Smith Point Capital, founded by former Salesforce co-CEO Keith Block. Existing investors Nexus Venture Partners and Battery Ventures joined the oversubscribed funding round, bringing the total capital raised to date to over $63 million.

Arcserve: UDP 10 Revealed To Deliver Enhanced Malware Protection And Improved Virtualization Support

By Amit Chowdhry ● Oct 23, 2024

Arcserve, a pioneer in unified data resilience solutions, announced the launch of Arcserve UDP 10. This product offers customers an intuitive, flexible, and affordable way to address their critical data security and business continuity challenges.

Lumenuity: $1.2 Million (Seed) Raised To Enhance Zoom Capabilities Of Smartphone Cameras

By Amit Chowdhry ● Oct 23, 2024

Lumenuity announced an official launch with transformative optical technology that significantly enhances the zoom capabilities of smartphone cameras. And the company also unveiled a $1.2 million seed funding round, and are collaborating with Qualcomm Technologies to optimize the Lumenuity technologies for use on smartphones that contain the latest Snapdragon mobile platforms. This breakthrough technology offers widespread applications beyond smartphones, including drones, augmented reality (AR), etc.