Archives

PointFive: Cloud Cost Optimization Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

PointFive, a leading cloud cost optimization platform, announced that it has secured an additional $20 million in Series A funding, bringing the total capital raised to $36 million only 18 months after the company was founded.

SurePath AI: Governing Generative Enterprise Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

SurePath AI, a leader in governing generative AI for the enterprise, announced the closing of a $5.2 million seed funding round led by Uncork Capital with significant participation from Operator Collective, bringing the company’s total funding to $6.3 million. And SurePath AI’s mission is to enable secure GenAI adoption by detecting usage, mitigating risks, and controlling AI access to enterprise data so that organizations can bolster innovation and productivity.

Kong: Cloud API Technologies Company Raises $175 Million At $2 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Kong - a leading developer of cloud API technologies - announced it has closed a $175 million in up-round Series E financing (via mix of primary and secondary transactions) at a $2 billion valuation. This funding round was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers’ Venture Growth (the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan) and 137 Ventures, among others, and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong’s total raised to $345 million.

Halcyon: Cybersecurity Company Raises $100 Million (Series C) At $1 Billion Valuation

By Amit Chowdhry ● Nov 25, 2024

Halcyon, a leading platform designed from day one to defeat ransomware, announced today it had closed $100 million in Series C funding led by Evolution Equity Partners with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures, and existing investors.

Rezonate: Interview With CEO & Co-Founder Roy Akerman About The Identity Protection Company

By Amit Chowdhry ● Nov 25, 2024

Rezonate is a company that empowers organizations to protect their identities by monitoring identity privileges and activity and enabling rapid remediation. Pulse 2.0 interviewed Rezonate CEO and co-founder Roy Akerman to learn more about the company.

LPL Onboards $350 Million Strata Financial Group Team

By Amit Chowdhry ● Nov 25, 2024

LPL Financial announced that financial advisors Anthony “Tony” Campagni, CFP, Ronald Jurczynski, CPA/PFS, Mitchell Romeo, CPWA, CPFA, Kyle Hancharick, CFP, and Dominic Elmo of Ohio-based Strata Financial Group have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage and retirement plan assets, and they join LPL from Osaic.

WeVets: Strategic Investment Raised From L Catterton

By Amit Chowdhry ● Nov 25, 2024

Global investment firm L Catterton announced that it has invested strategically in WeVets, a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.

AeroVironment Buying BlueHalo In $4.1 Billion Deal

By Amit Chowdhry ● Nov 25, 2024

AeroVironment and BlueHalo announced the execution of a definitive agreement under which AV will acquire BlueHalo in an all-stock transaction with an enterprise value of approximately $4.1 billion, creating a more diversified global leader in all-domain defense technologies. This company will combine complementary capabilities to offer a comprehensive portfolio of high-growth franchises powered by sophisticated technology and focused on addressing the nation's and allies' most critical priorities and needs worldwide.

Apollo Funds Buying Majority Stake Of The State Group

By Amit Chowdhry ● Nov 25, 2024

Apollo announced that funds associated with its Impact and Clean Transition strategies have acquired a majority stake in The State Group (TSG) from Blue Wolf Capital. Blue Wolf will retain a minority stake in the business, along with existing management shareholders.

NitroVolt: €3.5 Million (Seed) Raised To Develop Green Ammonia For Farmers

By Amit Chowdhry ● Nov 25, 2024

NitroVolt, a Danish startup developing green ammonia for farmers, today announced it has raised €3.5 million in seed funding. The participants in the round include BackingMinds, a Swedish early-stage venture capital firm, EIFO, the sovereign wealth fund of Denmark, and EQT Foundation, Satgana, and DivisionM. The Breakthrough Energy Fellowship provided a grant in 2023 and is now following that with an equity investment in the current round. The funding round will be used to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity.

Morgan Stanley Capital Partners Buying Pet And Human Supplements Company FoodScience

By Amit Chowdhry ● Nov 25, 2024

Investment funds managed by Morgan Stanley Capital Partners (MSCP), a middle-market focused private equity team at Morgan Stanley Investment Management, announced it acquired FoodScience from Wind Point Partners, which is a vertically integrated provider of pet and human nutritional supplements. Sharon Rossi will continue as FoodScience’s Chief Executive Officer.

Silver Point: Specialty Credit Fund III Closed At $8.5 Billion

By Amit Chowdhry ● Nov 25, 2024

Global credit investing firm Silver Point Capital announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the period, the total capital raised for Specialty Credit Fund III (with anticipated leverage) surpassed $8.5 billion.

Klim: Regenerative Agriculture Solutions Company Raises $22 Million (Series A)

By Amit Chowdhry ● Nov 25, 2024

Klim, a leading European provider of insetting solutions that enable the food industry to transform its supply chains towards regenerative agricultural practices, announced the closing of its Series A funding round, led by BNP Paribas, Europe’s largest bank. The funding round also saw participation from prominent investors, including Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures, and Elevator Ventures, the VC of Raiffeisenbank International.

Alison.ai: AI-Based Ad Solutions Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 25, 2024

Alison Technologies (Alison.ai), an AI-based advertising solutions company, announced the closing of a $13.3 million seed funding round. Almaz Capital led the round, which also included Foresight Group, Cardumen Capital, Crescendo Venture Partners, and Alumni Ventures.

Lighthouse: Commercial Intelligence Platform Secures $370 Million (Series C)

By Amit Chowdhry ● Nov 25, 2024

Lighthouse, a leading commercial intelligence platform for the travel and hospitality industry, announced a $370 million growth investment led by KKR. This funding advances Lighthouse's goal of transforming commercial strategy for the $15 billion travel & hospitality technology market. The proceeds from this funding round will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.

R1: Interview With EVP And Chief Product Officer Steve Albert About The Healthcare Revenue Cycle Management Company

By Amit Chowdhry ● Nov 25, 2024

R1 is a provider of technology-driven solutions that make healthcare work better for both providers and patients. Pulse 2.0 interviewed R1 Executive Vice President and Chief Product Officer Steve Albert to learn more about the company.

Lookout: Interview With CEO & Chairman Jim Dolce About The Cloud Security Company

By Amit Chowdhry ● Nov 25, 2024

Lookout is a data-centric cloud security company that delivers zero trust security by reducing risk and protecting data wherever it goes, without boundaries or limits. Pulse 2.0 interviewed Lookout CEO and Chairman Jim Dolce to learn more about the company.

Grey Market Labs: Cybersecurity Solutions Leader Secures $8 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Cybersecurity solutions Grey Market Labs (dba Replica Cyber) announced it has raised $8 million in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to advance the adoption of its platform Replica. This funding will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in a vulnerable digital landscape.

TailorMed: Healthcare Technology Company Raises $40 Million

By Amit Chowdhry ● Nov 24, 2024

Healthcare technology leader TailorMed announced a $40 million round combining equity and debt. This funding positions the company to advance its bold vision of transforming medication access, adherence, and affordability across the United States. Windham Capital Partners led the round along with Citi Impact Fund, Samsung Next, BrightEdge, and the investment arms of some of the largest top health systems: Providence Ventures, OSF Healthcare, Inception Health, Ballad Ventures, UH Ventures, UnityPoint Health Ventures. TailorMed also benefited from the continued support of its early investors such as Sanara Ventures, Triventures, Accelmed, Almeda Ventures, and Bridges.

Trustero: AI-Based Security And Compliance Company Secures $10+ Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Trustero, an AI-based Security and Compliance, announced the closing of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. And Trustero is proving that AI can drive real revenue and breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.

Aviz: AI-Based Networking Solutions Company Secures $17 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Aviz Networks, a leader in AI-based networking solutions company, announced the closing of a $17 million Series A funding round. The funding round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures.

Addi: Fintech Company Signs $100 Million Credit Facility With Victory Park Capital

By Amit Chowdhry ● Nov 24, 2024

Addi, a Colombia-based fintech platform for integrated payments, shopping and banking, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a leading global alternative investment firm specializing in private credit. This new facility will support Addi’s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and merchants.

Enveda: $130 Million (Series C) Raised To Translate Nature Into New Medicines

By Amit Chowdhry ● Nov 24, 2024

Enveda - a biotechnology company using AI to translate nature into new medicines - announced an oversubscribed $130 million Series C funding round led by Kinnevik and FPV with participation from new and existing investors Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry R. Kravis. This funding round brings the total funding to $360 million.

OneCell Diagnostics: Precision Oncology Company Raises $16 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

OneCell Diagnostics, a genomics-based precision oncology company, announced that it has raised $16 million in an oversubscribed Series A funding round led by Celesta Capital. Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures participated in the round.

Ladder: Strength Training App Company Raises Over $100 Million

By Amit Chowdhry ● Nov 24, 2024

Strength training app company Ladder announced it has raised $15 million in Series B funding led by Point72 Ventures and ADvantage VC, with participation from Steve Pagliuca’s PagsGroup and Series A lead investors Tapestry VC and LivWell Ventures. And Ladder has also secured a $90 million growth investment from General Catalyst’s Customer Value strategy, to provide financing for customer acquisition costs. This combined financing will enable Ladder to reach a global audience.

Inversion: Space Transportation Company Raises $44 Million (Series A)

By Amit Chowdhry ● Nov 24, 2024

Inversion - a company that is pioneering precision delivery on-demand from space to anywhere on Earth - announced a $44 million Series A funding round co-led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures, and Y Combinator. This Inversion’s total funding to $54 million, following an earlier $10 million seed round.

Epic Cleantec: $12 Million (Series B) Secured To Expand Water Reuse Solutions For Commercial Real Estate

By Amit Chowdhry ● Nov 22, 2024

Epic Cleantec - an innovator in water reuse technology for the built environment - announced the closing of its $12 million Series B funding round. The Series B funding round was led by the family office of Drs. Kathy Fields and Garry Rayant, talented entrepreneurs, impact investors, and philanthropists known for their commitment to sustainability, healthcare, and technology. And they are joined by existing investors J-Ventures, Echo River Capital, and other prominent family offices with deep real estate ties.

Nivoda: Diamond Focused Digital Marketplace Company Raises $51 Million

By Amit Chowdhry ● Nov 22, 2024

Nivoda, a leading digital marketplace and supply chain for the diamond industry, announced $51 million in funding. This funding will support the global growth of the world’s first transparent, efficient, and customer-focused diamond and gemstone supply chain. And Nivoda’s growth is a significant step toward transforming a traditional industry with innovative technology and agile supply chain solutions.

Neos Partners: $1.37 Billion Fund II Closed To Invest In Energy Transition

By Amit Chowdhry ● Nov 22, 2024

Neos Partners - an investment firm focused on second-order investing in the energy transition and critical infrastructure sectors - announced the closing of Neos Partners II with $1.37 billion of commitments. And Neos also closed a $350 million committed co-investment vehicle alongside Fund II.

Silfab Solar: $100 Million Closed To Scale Cell Manufacturing Facility In South Carolina

By Amit Chowdhry ● Nov 22, 2024

Silfab Solar - which is the leading photo-voltaic (PV) module manufacturer - announced that it has raised $100 million of new financing to scale its state-of-the-art solar cell manufacturing plant. This $50 million equity investment was led by funds advised by ARC Financial and includes investment from their existing co-investors.