Archives

Tako: AI Search Company Raises $5.75 Million (Seed)

By Amit Chowdhry ● Oct 17, 2024

Tako, an AI search engine for visualizing and sharing the world's knowledge, announced it has raised $5.75 million in a seed funding round led by Kevin Hartz at A* and Ramtin Naimi at Abstract Ventures with participation from Stanley Druckenmiller / Kevin Warsh, Gokul Rajaram, Naval Ravikant, Stan Chudnovsky, Guillermo Rauch (Vercel), Scott Belsky (Adobe), GC Lionetti (OpenAI), George Sivulka (Hebbia), Aravind Srinivas (Perplexity), Johnny Ho (Perplexity), Kanjun Qiu (Outset Ventures), Joe Montana (Liquid2 Ventures), Chase Coleman, Diogo Monica (Haun Ventures), Nathan McCauley (Anchorage Digital), Paul Yacoubian (Copy.ai), and more.

MEDiC Life Sciences: Functional Genomics Company Raises $5 Million

By Amit Chowdhry ● Oct 17, 2024

MEDiC Life Sciences, a leading functional genomics startup in Silicon Valley, announced a $5 million strategic investment from LG and Hanmi Pharmaceutical. This funding comes ahead of MEDiC’s planned Series-A round later this year. Previously, MEDiC raised $8 million in a Seed round led by a group of investors, including Illumina Accelerator, Top Harvest Capital, Primer Sazze, Big Basin Capital, First In Ventures, Valuence Ventures, Gradient, and Wing Venture Capital.

Brembo Buys Performance Suspension Technology Company Öhlins

By Amit Chowdhry ● Oct 17, 2024

Brembo has signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management, for the acquisition of a 100% stake in Öhlins Racing, the leading manufacturer of premium, high-performance suspension technology for motorcycles and cars in the Original Equipment, Motorsport, and Aftermarket segments.

Renovus Capital Partners: Fourth Private Equity Fund Closed At $875 Million

By Amit Chowdhry ● Oct 17, 2024

Renovus Capital Partners - a Philadelphia-area private equity firm - announced the closing of its fourth private equity fund Renovus Capital Partners IV Core Buyout, L.P., which was significantly oversubscribed with total capital commitments of $875 million.

Omnea: Procurement Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Oct 17, 2024

Omnea - an AI-based procurement orchestration and supplier risk management platform - announced it has raised $20 million in Series A funding to make procurement painless and give companies greater control over their spend. Accel led the funding round, with participation from existing investors First Round Capital and Point Nine, who led the previously unannounced $5 million seed round.

OroraTech: $27.3 Million (Series B) Closed To Advance Predictive AI In Wildfire Management

By Amit Chowdhry ● Oct 17, 2024

OroraTech, a leader in wildfire intelligence, announced closing its $27.3 million Series B funding round led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital. This funding round will advance the next phase of OroraTech’s strategic growth, with the company further expanding key global markets and enhancing its predictive AI capabilities and orbital sensor network. Through predictive algorithm data fed by their thermal satellite network, OroraTech enables companies, organizations, and fire agencies to actively respond to the global wildfire crisis, reducing damage and saving lives.

Open Cosmos To Design And Build Platform For New Satellite To Track 10 Million Brightest Stars

By Amit Chowdhry ● Oct 17, 2024

Space technology company Open Cosmos will design and build the platform of PhotSat, which is a space mission coordinated by the Institute of Space Studies of Catalonia (IEEC) that involves the development and construction of Catalonia’s first-ever owned satellite dedicated to tracking the 10 million brightest stars and other astrophysical objects. This announcement was made during the celebration of the International Astronautical Congress, which is held from 14 to 18 October in Milan, Italy.

Allyx Therapeutics: $3.3 Million Grant Awarded From NIH

By Amit Chowdhry ● Oct 17, 2024

Allyx Therapeutics announced that it has been awarded a $3.3 million grant from the National Institutes of Health as part of its Small Business Innovation Research Commercial Readiness Pilot program. This funding round will support further investigation of Allyx’s lead clinical asset, ALX-001, a highly-selective, first-in-class, synapse-targeted, disease-modifying oral therapy in development for the treatment of Alzheimer’s disease and Parkinson’s disease.

Amazon Investing Over $500 Million For Small Module Reactors

By Amit Chowdhry ● Oct 17, 2024

Amazon Web Services (AWS) is investing over $500 million in nuclear power technologies after revealing three projects from Virginia to Washington state. AWS has a significant need for clean energy as it expands services into generative AI (GenAI).

Innovation Works: Interview With President & CEO Ven Raju About The Early-Stage Investor

By Amit Chowdhry ● Oct 17, 2024

Innovation Works (IW) is one of the most active early-stage investors in the country and the most active early-stage investor in the State of Pennsylvania. So far, IW has financially supported over 761 companies that have gone on to raise $3.3 billion in follow-on funding, and IW portfolio companies have generated and retained over 20,000 jobs in the State of Pennsylvania. Pulse 2.0 interviewed Innovation Works President and CEO Ven Raju to learn more about the company.

HCAP Partners: Interview With Managing Partner Tim Bubnack About The Recognized Impact Investor

By Amit Chowdhry ● Oct 17, 2024

HCAP Partners is a diversely owned private equity firm specializing in providing mezzanine debt and private equity for underserved and lower middle market companies. Pulse 2.0 interviewed HCAP Partners managing partner Tim Bubnack to learn more about the firm.

Amex Ventures: Interview With Managing Director & Head of Business Development Ope Runsewe

By Amit Chowdhry ● Oct 17, 2024

American Express Ventures is a firm that harnesses the combined strength of American Express and startups to drive innovation and alter the trajectory of consumer commerce, enterprise and B2B services. Pulse 2.0 interviewed Amex Ventures managing director and head of business development Ope Runsewe to learn more about the firm.

Valory: Interview With CEO David Minarsch About Co-Owned AI Systems And Expanding The Olas Ecosystem

By Amit Chowdhry ● Oct 17, 2024

David Minarsch is known as an expert in the fields of Applied Game Theory and Multi-Agent Systems, holding a Ph.D. from the University of Cambridge. And his work includes the creation of the first multi-agent system framework with native support for distributed ledger technologies and crypto-native payments. Pulse 2.0 interviewed David Minarsch to learn more about Valory and the Olas ecosystem.