Archives

TeamBridge: Workforce Operating System Raises $28 Million (Series B)

By Amit Chowdhry ● Sep 16, 2024

TeamBridge, one of the fastest-growing Workforce OS (workforce operating system) empowering hourly workforces, announced it has raised $28 million in a Series B round led by Mayfield. Existing investors General Catalyst and Abstract Ventures participated.

Novameat: Sustainable Food Company Secures €17.4 Million (Series A)

By Amit Chowdhry ● Sep 16, 2024

Sustainable food technology company Novameat, creating pioneering plant-based products with a unique fibrous texture and strong customer acceptance, announced that it has raised €17.4 million in an oversubscribed Series A round. The funding round was led by Sofinnova Partners and Forbion via its BioEconomy Fund and follows a reinvestment from Unovis Asset Management, Praesidium, and Rubio Impact Ventures.

Intel Receives Award Of Up To $3 Billion For Secure Enclave Program By Biden-Harris Administration

By Amit Chowdhry ● Sep 16, 2024

The Biden-Harris Administration announced that Intel has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. This program was designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government.

Ares Management: U.S. Real Estate Opportunity Fund IV Closes At Over $3.3 Billion

By Amit Chowdhry ● Sep 16, 2024

Today, Ares Management announced the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (AREOF IV). Through equity commitments to the Fund and related transaction vehicles, Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. This marks the largest Ares Real Estate closed-end fundraising to date, and it is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.

SCF Partners Buys Geothermal Fluids Solution Provider Newpark Fluids Systems

By Amit Chowdhry ● Sep 16, 2024

SCF Partners announced the acquisition of the Newpark Fluids Systems business (NFS), a leading global pure-play oil and gas and geothermal fluids solution provider, from Newpark Resources. Newpark Fluids Systems offers a full range of drilling and completion products and related technical services supported by an innovative digital modeling software suite, global supply chain, and infrastructure to enhance customers’ performance efficiency and productivity.

Thatch: Personalized Health Benefits Platform Company Raises $38 Million (Series A)

By Amit Chowdhry ● Sep 16, 2024

Personalized health benefits platform Thatch announced it has raised $38 million in Series A funding. This funding round was led by Index Ventures and General Catalyst, along with new investors SemperVirens and The General Partnership, with participation from existing investors, including Andreessen Horowitz (a16z) and Avid Ventures. This investment will fuel Thatch's mission to correct an accident of history and decouple health insurance from employment.

PhoreMost: Biopharmaceutical Drug Target Company Raises $50 Million (Series B)

By Amit Chowdhry ● Sep 16, 2024

PhoreMost, a leading UK biopharmaceutical company unlocking the next generation of drug targets, announced it has added $12 million to its Series B financing, bringing the total raised to over $50 million. Parkwalk Advisors led this additional investment, with participation from existing investors BGF, Dr Jonathan Milner, Amadeus Capital, and Astellas Venture Management. It will support the progression of PhoreMost’s pipeline of novel degrader assets.

Reonic: Climate Tech SaaS Company Raises €13 Million

By Amit Chowdhry ● Sep 16, 2024

Reonic, a climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, announced that it has raised a €13 million Series A funding round. The round, which was led by Northzone, includes participation from existing investors Point Nine and Puzzle Ventures.

Inflammatix: Molecular Diagnostics Company Closes $57 Million In Funding (Series E)

By Amit Chowdhry ● Sep 16, 2024

Molecular diagnostics company Inflammatix announced it raised $57 million in Series E funding led by Khosla Ventures and Think.Health. This funding round will support regulatory filing and early commercialization of the company's lead product, the TriVerity Acute Infection and Sepsis Test (TriVerity).

Moderne Ventures: Over $230 Million Closed For MV Fund III

By Amit Chowdhry ● Sep 16, 2024

Moderne Ventures, a VC and growth equity firm with vertical specialties spanning real estate, finance, insurance and sustainability today announced it has raised over $230 million for MV Core Fund III, exceeding the oversubscribed $200 million MV Core Fund II.

Acuvity: AI Security And Governance Company Raises $9 Million (Seed)

By Amit Chowdhry ● Sep 16, 2024

Acuvity, the creator of a comprehensive AI security and governance platform for employees and applications, announced a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. And Acuvity will use the funding to accelerate the development of its products and protect the rapid expansion of AI adoption in the enterprise.

AstroForge: Interview With Co-Founders Matt Gialich And Jose Acain About This Fascinating Asteroid Mining Company

By Amit Chowdhry ● Sep 16, 2024

AstroForge is a company on a mission to expand humanity’s capabilities and utilize untapped space resources. Pulse 2.0 interviewed AstroForge co-founders Matt Gialich and Jose Acain to learn more about the company.

WellSaid Labs: How This Company Is Using AI To Drive Human Parity In Voice

By Amit Chowdhry ● Sep 16, 2024

WellSaid Labs is a leading AI text-to-speech technology company and the first synthetic media service to achieve human parity in voice. Pulse 2.0 interviewed WellSaid Labs co-founder Matt Hocking to learn more about the company.

Interview With Luxury Fashion Designer Payal Khandwala

By Amit Chowdhry ● Sep 16, 2024

Payal Khandwala is an award-winning artist and fashion designer with a self-titled label who received Society Magazine's Young Achievers Award in the Fine Arts category in 2007. Pulse 2.0 interviewed Payal Khandwala to learn more about her namesake brand.