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NetNow: Trade Credit Automation Platform Company Raises $1.8 Million (Pre-Seed)

By Amit Chowdhry ● Sep 23, 2024

NetNow, a modern trade credit automation platform that automates wholesalers' and distributors' credit and collections processes, announced $1.8 million in pre-seed funding. Ripple Ventures led the funding round, including Centre Street Partners, Antler, Motivate Venture Capital, and Day One Ventures. NetNow also received a grant from Intuit for earning the Most Customer Obsessed company award.

Intezer: AI-Based Autonomous Security Company Raises $33 Million (Series C)

By Amit Chowdhry ● Sep 23, 2024

Intezer, a leader in AI-based technology for autonomous security operations, announced that it has raised $33 million in Series C funding. The funding round was led by Norwest Venture Partners, with participation from all existing investors, including Intel Capital, OpenView, Magma, and Alon Cohen (founder of CyberArk).

Cybord: Component AI Solution Company Secures $8.7 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Cybord, a visual AI solution ensuring electronic component quality, authenticity, and traceability, announced that it had secured $8.7 million in Series A funding led by Capri Ventures, with participation from Ocean Azul Partners and existing investors IL Ventures and NextLeap Ventures, among other new and current investors.

AttoTude: Data Center Application Interconnection Technology Company Raises $29 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

AttoTude, a leader in interconnect technology for AI and hyperscale data center applications, announced it has raised a Series A funding round of $29 million. This latest funding round shortly follows AttoTude’s initial Seed Round, which was $11 million in March 2024. These funding rounds were based on a combination of prominent investors, including Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital.

Roots Automation: AI-Based Digital Coworker And InsurGPT Company Secures $22.2 Million (Series B)

By Amit Chowdhry ● Sep 23, 2024

Roots Automation, the creator of the AI-Based Digital Coworker and InsurGPT (the world's first generative AI model for insurance), announced the closing of a $22.2 million Series B funding round. Harbert Growth Partners led the round, which also included follow-on investments from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.

Arzeda: Protein Design Company Closes $38 Million In Funding

By Amit Chowdhry ● Sep 23, 2024

Protein design company Arzeda announced it has raised $38 million in funding. This funding round includes new investments from Sofinnova Partners, Fall Line Capital, Sucden Ventures, Silver Blue, and the venture arm of W.L. Gore & Associates (makers of Gore-Tex), which has been in a joint development agreement with Arzeda since 2022. And the previous investors also participated in the round, including the venture arm of the Continental Grain Company, Bunge Ventures, and Lewis & Clark Agrifood.

Orb: Modern Billing Platform Company Raises $25 Million (Series B)

By Amit Chowdhry ● Sep 22, 2024

Orb, a modern billing platform company that reimagines how businesses monetize software, announced it raised $25 million in Series B funding led by Mayfield. Existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures and new investor Uncorrelated Ventures participated in this latest round.

Serán Bioscience: $200 Million Strategic Growth Transaction Raised

By Amit Chowdhry ● Sep 22, 2024

Serán Bioscience, a leading contract development and manufacturing organization (CDMO) providing a comprehensive suite of development, analytical and manufacturing services to pharmaceutical and biotechnology companies, announced a strategic growth transaction of more than $200 million. And Bain Capital Life Sciences led the deal while existing investor Vivo Capital remains a key shareholder in the company.

Hgen: $5 Million (Seed) Secured To Decarbonize Heavy Industry

By Amit Chowdhry ● Sep 22, 2024

Hgen, a company that makes clean hydrogen to decarbonize heavy industry, announced the closing of a $5 million seed financing round. Seven Seven Six led the round, including Founders Fund and Fontinalis Partners. Hgen will use this funding to accelerate the commercial deployment of its technology at customer sites.

Hydden: Identity Visibility Company Closes $4.4 Million (Seed)

By Amit Chowdhry ● Sep 22, 2024

Identity visibility company Hydden announced it raised $4.4 million in seed funding led by Access Venture Partners. And the other investors include Lockstep, the venture fund of CISOs Rinki Sethi and Lucas Moody, Service Provider Capital, and several cybersecurity angel investors including Andy Grolnick and Paul Trulove.

webAI: AI Development Platform Raises Funding At $700 Million Valuation

By Amit Chowdhry ● Sep 22, 2024

webAI – an AI-based development platform that provides enterprises with localized AI infrastructure and offers a superior solution to existing cloud-based models – announced two milestones.

GreenLite: Construction Technology Company Secures $28.5 Million (Series A)

By Amit Chowdhry ● Sep 22, 2024

GreenLite, a construction technology company making permitting faster and more predictable for builders, developers, and municipalities, announced a Series A funding round of $28.5 million, led by Craft Ventures with participation from 53 Stations, Trust Ventures, and LiveOak Ventures. This new funding round is taking place less than a year after GreenLite's launch from stealth.

Loop: Cross-Border Banking Company Raises C$10 Million

By Amit Chowdhry ● Sep 22, 2024

Loop, a global financial solution for businesses to manage international finances, simplifying cross-border payments, currency exchange, and treasury management, announced an additional C$6.4 million in funding. Combined with C$4 million secured in 2022, Loop has raised C$10+ million to date on its mission to enable companies to seamlessly manage their financial services and global payments and simplify their financial workflows.

Earth First Food Ventures Launches New $10 Million Round, Listed With Securitize

By Amit Chowdhry ● Sep 22, 2024

Earth First Food Ventures Ltd (EFFV), a leading VC platform specializing in ESG and impact investments in innovative food technologies (including land-based aquaculture (RAS), Biomass Fermentation and Precision Fermentation today announced the launch of a new $10 million funding round, which it listed with Securitize, the leader in tokenizing real-world assets.

Pickommerce: Warehouse Automation Company Secures $3.4 Million

By Amit Chowdhry ● Sep 22, 2024

Warehouse automation company Pickommerce announced it has raised $3.4 million in funding to advance the development, production and marketing of the PickoBot piece-picking robot. Pickommerce's technology is prepared to transform the warehouse automation market. IL Ventures led this funding round and it includes InNegev, Fusion VC, the Israel Innovation Authority, and strategic investor ZIM Ventures (the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services).

Aerwave: Managed WiFi Platform Company Secures $20 Million (Series B)

By Amit Chowdhry ● Sep 22, 2024

Aerwave, a next-generation managed WiFi platform transforming connectivity in the multifamily industry, announced $20 million of Series B investment from strategic partners. Moderne Ventures and an S&P 500 REIT led this latest round and were joined by Dominicus Wireless.

Zevero: Global Carbon Accounting Company Raises $7 Million

By Amit Chowdhry ● Sep 22, 2024

Global carbon accounting platform Zevero announced a $7 million seed funding round. This funding was led by Spiral Capital, with participation from East Ventures and several angel investors. This first raise marks a milestone for Zevero's ability to grow its global sustainability impact.

Kasisto: Financial GenAI Conversational Platform Company Raises $90 Million Total

By Amit Chowdhry ● Sep 22, 2024

Leading conversational GenAI platform company Kasisto (the creators of KAI) announced the appointment of Don Layden as Executive Chairman of its Board of Directors. This announcement coincided with the closing of Kasisto’s Series D funding round. This brought the company’s total funding to $90 million.

Safire Group: Lithium-Ion Battery Safety Technology Company Raises $8 Million (Pre-Series A)

By Amit Chowdhry ● Sep 21, 2024

Safire Technology Group announced $8 million in new financing led by Canaan Partners, with participation from Correlation Ventures, Higher Life Ventures, Ajinomoto, Automotive Ventures, Outpost Ventures, Potomac Angel Capital, and MaC Venture Capital. This Pre-Series A funding round brings total funding to $11 million, and fuels continued development of the company's Safe, Impact-Resistant Electrolyte (SAFIRE) technology to transform the safety benchmarks of lithium-ion (Li-ion) batteries across government and automotive industries. And Canaan's Hrach Simonian will join co-founders John Lee and Mike Grubbs on the board of directors.

Motion: Creative Analytics And Research Company Secures $30 Million (Series B)

By Amit Chowdhry ● Sep 21, 2024

Motion, a creative analytics and research platform used by creative strategists, announced that it had secured $30 million in Series B funding led by Inovia. Threshold Ventures participated, as did existing investors Headline, Abstract Ventures, and Sugar Capital. This funding round will accelerate Motion's product roadmap and deepen its analytics and creative research capabilities. This raise brings the company's total funding to $42 million.

Virtuous: Responsive Fundraising Software Company Raises $100 Million

By Amit Chowdhry ● Sep 21, 2024

Virtuous, a leading Responsive Fundraising Software helping nonprofits grow giving, announced a minority growth investment through a funding round led by Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. This significant investment will fuel Virtuous' mission to accelerate product innovation and enhance services for its nonprofit customers.

Wilde Wealth Management: $400 Million Advisor Drew Kliber Hired To Lead New Family Office Division

By Amit Chowdhry ● Sep 21, 2024

Cetera Financial Group announced that Wilde Wealth Management Group, an independent wealth management firm within the Cetera Advisors community, appointed Drew Kliber to lead its newly formed W Family Office Division.

King & Spalding: John Kleinjan Named As Partner In Atlanta

By Amit Chowdhry ● Sep 21, 2024

King & Spalding announced that executive compensation and employee benefits lawyer John Kleinjan has joined the firm as a partner in its Corporate practice group. And Kleinjan is based in the firm’s Atlanta office.

University Of Utah And EPIC Ventures Partner Collaborating On Investment Arm

By Amit Chowdhry ● Sep 21, 2024

The University of Utah (one of the nation's leading research universities) and EPIC Ventures (a Salt Lake City based early-stage VC firm) have partnered to launch University of Utah Ventures, Powered by EPIC. And by combining the U's innovation engine with EPIC's extensive network, the partnership will catalyze growth for early-stage technology companies across various sectors, including software, health and life sciences and financial technology.

Charles D. Hyman: Strategic Investment Raised From Hightower

By Amit Chowdhry ● Sep 21, 2024

Hightower announced that the firm had made a strategic investment in Charles D. Hyman & Company, a wealth management practice located in Ponte Vedra Beach, FL, with $2.3 billion in assets under management. And Charles D. Hyman & Co. manages assets for individuals, families, trusts, charitable interests, and foundations.

Rethink Impact Surpasses $500+ Million In Assets Raised

By Amit Chowdhry ● Sep 21, 2024

Rethink has raised its third and largest fund yet, taking the firm to over half a billion dollars. The fund raised over $250 million, which exceeded the goal.

Blitzy: $4.4 Million Raised For Building An Autonomous Enterprise Software Development Platform

By Amit Chowdhry ● Sep 20, 2024

Blitzy, a GenAI company born out of the Harvard Innovation Lab and launched by NVIDIA Serial Inventor Sid Pardeshi and serial entrepreneur Brian Elliott, aims to automate end-to-end custom software development. Blitzy's platform takes the requirements for a new product, runs it through a proprietary orchestration platform, and automates large portions of the software development process to achieve full autonomy in the coming years. And Blitzy also announced it is coming out of stealth with $4.4 million in initial capital from Link Ventures, Bessemer, Flybridge, NFX, Picus, and Asymmetric.

Nirvana: $24.2 Million (Series A) Secures For Transforming Health Insurance Verification

By Amit Chowdhry ● Sep 20, 2024

Nirvana, a health tech company that uses ML/AI to offer radical transparency to eligibility and insurance verification, announced it had raised $24.2 million in Series A funding. Northzone led the round, including Inspired Capital, Eniac Ventures, and Surface Ventures.

Realm.Security: Security Fabric Solution Company Raises $5 Million (Seed)

By Amit Chowdhry ● Sep 20, 2024

HavocAI: $11 Million (Seed) Raised For Transforming Autonomous Uncrewed Surface Vessel Operations

By Amit Chowdhry ● Sep 20, 2024

HavocAI, a leading innovator in autonomous uncrewed surface vessel technology, announced the successful closing of a $11 million Seed round of funding. Scout Ventures led the round, which was co-led by Trousdale Ventures. Other participants included Outlander VC, The Veteran Fund, BV.VC, Decisive Point, Alumni Ventures, and New North Ventures.