Archives

Finix: Full-Stack Payment Processor Company Secures $75 Million (Series C)

By Amit Chowdhry ● Oct 31, 2024

Finix, a full-stack payment processor enabling businesses to accept and send payments online and in-store, announced it has raised $75 million in Series C funding, led by Acrew Capital and co-led by Leap Global and Lightspeed Venture Partners, with participation from new investors Citi Ventures, Tribeca Venture Partners, and more. And existing investors, including Homebrew, Insight Partners, Inspired Capital, Cap Table Coalition, and others, also participated.

Brightwave: AI-Based Financial Research Company Raises $15 Million (Series A)

By Amit Chowdhry ● Oct 31, 2024

Leading AI financial research platform Brightwave announced the closing of a $15 million Series A funding round, led by Decibel Partners and with participation from OMERS Ventures. This funding round brings Brightwave’s total funding to $21 million following an oversubscribed Seed round in June. Brightwave also achieved four times revenue growth in the four months since the announcement of its seed funding.

Zenity: Agentic AI Company Raises $38 Million (Series B)

By Amit Chowdhry ● Oct 30, 2024

Agentic AI Zenity announced they received $38 million in Series B funding co-led by Third Point Ventures and DTCP, raising the total to over $55 million. This follows the recent strategic investment by Microsoft's venture arm M12, which received strong support from existing investors Intel Capital and Vertex Ventures.

Altair To Be Acquired By Siemens For $10.6 Billion

By Amit Chowdhry ● Oct 30, 2024

Altair - a leader in computational intelligence - announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair's stockholders will receive $113 per share in cash, representing an equity value of approximately $10.6 billion.

New Relic: Study Shows IT Outages Can Cost Businesses Up To $1.9 Million Per Hour

By Amit Chowdhry ● Oct 30, 2024

Intelligent Observability Platform company New Relic has released its 2024 Observability Forecast, a comprehensive report on observability. Surveying 1,700+ technology professionals across 16 countries, the report highlights key growth areas, challenges, and external trends influencing observability investments.

HOMEE: AI-Based Direct Repair Network Company Raises $12 Million (Series C)

By Amit Chowdhry ● Oct 30, 2024

HOMEE, an AI-based direct repair network for the property and casualty insurance industry, announced it closed a Series C Financing led by W.R. Berkley Corporation. This financing - which includes new investors The Institutes (the leading provider of risk management and training for the insurance industry) and Sure (the fastest growing insurance tech building the technology rails for digital insurance) brings the total funding raised by the company to over $75 million. These new investors join existing strategic investors: State Farm, Liberty Mutual, The Hartford, and Desjardins.

Accelerate Infrastructure Opportunities: Real Estate Firm Raises $780 Million

By Amit Chowdhry ● Oct 30, 2024

Accelerate Infrastructure Opportunities announced a $780 million capital raise featuring a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization.

Realta Wealth: Abbey Eastham Named As Head Of Advisor Relations

By Amit Chowdhry ● Oct 30, 2024

Realta Wealth, an exclusive independent wealth management firm, announced the appointment of Abbey Eastham as Head of Advisor Relations. Reporting directly to CEO Kevin Keefe, Eastham will enhance the relationship between Realta and its network of elite independent financial advisors in this newly created role.

RiPSIM: $5 Million (Seed) Raised To Generate And Deliver Mobile Network Autentication Credentials

By Amit Chowdhry ● Oct 30, 2024

RiPSIM Technologies - the makers of the world’s first software platform for generating and delivering mobile network authentication credentials on demand - announced a $5 million Seed Series funding round led by cybersecurity-focused Ten Eleven Ventures. This funding will drive the expansion of RiPSIM’s eSIM-as-a-Service management platform, a novel solution modernizing the eSIM generation and delivery process.

Outset: Interview With Co-Founder & CEO Aaron Cannon About The Qualitative Researching Tool Company

By Amit Chowdhry ● Oct 30, 2024

Outset is a new company that is transforming the qualitative research landscape by harnessing the power of ChatGPT to conduct in-depth interviews at scale. Pulse 2.0 interviewed Outset co-founder and CEO Aaron Cannon to learn more about the company.

INBRAIN Neuroelectronics: Brain-Computer Interface Therapeutics Company Secures $50 Million (Series B)

By Amit Chowdhry ● Oct 30, 2024

INBRAIN Neuroelectronics, a brain-computer interface therapeutics (BCI-Tx) company developing graphene-based neural technologies, announced the closing of a $50 million Series B funding round. The funding round was led by imec.xpand with new investors EIC Fund, Fond ICO Next Tech, CDTI-Innvierte and Avançsa. And existing investors Asabys Partners, Aliath Bioventures and Vsquared also participated, bringing the total amount raised since inception to $68 million.

Matia: Data Operations Platform Secures $10.5 Million

By Amit Chowdhry ● Oct 30, 2024

Matia, a unified data operations platform bringing ingestion, reverse ETL, observability, and catalog capabilities into one platform, announced it is emerging from stealth with $10.5 million funding led by Leaders Fund & Secret Chord Ventures. The round also includes participation from Cerca Partners & Caffeinated Capital.

Moniepoint: $110 Million Secured To Scale Digital Payments Solutions

By Amit Chowdhry ● Oct 30, 2024

Moniepoint, Africa’s fastest-growing fintech, announced it successfully raised $110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora.

Ropes & Gray Reveals 12 New Partners

By Amit Chowdhry ● Oct 30, 2024

Global law firm Ropes & Gray recently announced that 12 of its attorneys have been named partners, effective November 1.

NeuroUX: Interview With Co-Founder Dr. Raeanne Moore About The Research Platform Company

By Amit Chowdhry ● Oct 30, 2024

NeuroUX is a company that provides a research platform designed to help researchers study cognitive processes over time in the real world. Pulse 2.0 interviewed NeuroUX co-founder Dr. Raeanne Moore to learn more about the company.

Auquan: AI-Based Financial Services Company Raises $4.5 Million (Seed Addition)

By Amit Chowdhry ● Oct 30, 2024

Auquan, an AI-based innovator in financial services, announced a $4.5 million addition to its seed round, led by Peak XV with continued participation from Neotribe Ventures. This brings the total seed funding to $8 million.

EvoluteIQ: End-To-End Automation Company Raises $20 Million

By Amit Chowdhry ● Oct 30, 2024

EvoluteIQ announced an investment of $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select, and PH ventures. This funding round will support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally.

Golden Matrix Group: Interview With CEO Brian Goodman About The Gaming Technology Company

By Amit Chowdhry ● Oct 30, 2024

Las Vegas-based Golden Matrix Group is one of the world’s leading iGaming groups, offering casino, sportsbook, and competition products. Pulse 2.0 interviewed Golden Matrix Group CEO Brian Goodman to learn more about the company.

Hamlet BioPharma: Interview With Chairman Professor Catharina Svanborg About The Cancer Treatment & Infections Research Company

By Amit Chowdhry ● Oct 30, 2024

Hamlet BioPharma AB is a pharmaceutical company with strong links to research, working with natural and biological substances. Pulse 2.0 interviewed Hamlet BioPharma Chairman of the Board Professor Catharina Svanborg to learn more.

Revyse: Vendor Management Company Raises $1 Million (Seed)

By Amit Chowdhry ● Oct 30, 2024

Revyse, vendor management software built for the multifamily industry, announced the closing of a $1 million seed investment from leading real estate technology venture capital firm RET Ventures. This latest funding round follows the company’s recent $1 million raise in May.

DataCrunch: AI Computing Infrastructure Company Raises $13 Million (Seed)

By Amit Chowdhry ● Oct 29, 2024

DataCrunch, a European provider of AI computing infrastructure, announced it raised a $13 million seed funding round led by byFounders. This funding round will be used to scale infrastructure as the company sets out to become Europe’s first hyperscaler, enhancing service delivery for AI companies by offering increased computing capacity.

Read AI: Productivity-Focused Company Raises $50 Million (Series B)

By Amit Chowdhry ● Oct 29, 2024

Read AI - a productivity-focused artificial intelligence company - announced the closing of a $50 million Series B funding round led by Smash Capital with participation from existing investors Madrona and Goodwater Capital.

Alchemy: $31 Million (Seed) Secured From Magic Johnson, a16z, And More To Serve Safety Net Clinics

By Amit Chowdhry ● Oct 29, 2024

Alchemy announced the closing of $31 million in seed funding. This funding round was led by Andreessen Horowitz (a16z) Bio + Health with participation from Earvin "Magic" Johnson, Sandberg Bernthal Venture Partners, Banc of California, and existing investors Twine Ventures, Springbank, and AlleyCorp. Alchemy offers the entire physical, clinical, and digital infrastructure needed to build, operate, and grow in-house pharmacy programs with a focus on serving clinics with large HIV and Hepatitis C (HCV) patient populations.

Xscape Photonics: $44 Million (Series A) Raised To Support Next-Generation AI Data Centers

By Amit Chowdhry ● Oct 29, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced closing a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led this funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. The funding will accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

Port: Internal Developer Portal Company Raises $35 Million (Series B)

By Amit Chowdhry ● Oct 29, 2024

Port, a leading internal developer portal, announced $35 million in Series B funding, bringing the total funding to date to $58 million. This funding round was led by Accel, with participation from Bessemer Venture Partners and existing investors, including Team8 and TLV Partners. The highly oversubscribed round follows Port's exceptional growth, with a 7 times year-over-year increase in revenue.

Casap: $8.5 Million Raised To Transform Payment Disputes Processes

By Amit Chowdhry ● Oct 29, 2024

Disputes automation and fraud prevention platform Casap announced it has raised $8.5 million to scale the first AI-powered solution for banks, credit unions, and fintechs to tackle first-party fraud and automate disputes and chargebacks intelligently. Lightspeed Venture Partners led this recent funding round with participation from Primary Venture Partners, Commerce Ventures, Curql, Alloy Labs, and notable fintech founders and execs from Chime, Robinhood, Square, Current, Novo, and Alloy.

Abstract Security: Data Fabric And Analytics Company Raises $15 Million (Series A)

By Amit Chowdhry ● Oct 29, 2024

Abstract Security, a pioneer in security data fabric and analytics, announced it has closed an oversubscribed Series A funding round of $15 million. Munich Re Ventures led the round, which included super pro-rata participation from existing investors Crosslink Capital and Rally Ventures.

Wildfire Systems: $16 Million (Series B) Closed To Drive Demand For White Label Loyalty Platform

By Amit Chowdhry ● Oct 29, 2024

Wildfire Systems—a financial technology platform that powers loyalty and reward programs, shopping companions, and content monetization—announced that it has secured $16 million in Series B funding. The round was co-led by Intuit Ventures and Mucker Capital. In addition, new investors Cohen Circle, Samsung Next, Evolution VC, and Gaingels, along with existing investors TTV Capital, QED Investors, B Capital, DLA Piper, Moonshots Capital, and Citi Ventures, participated in the round.

Keurig Dr Pepper Buying Energy Drink Company GHOST In $1+ Billion Deal

By Amit Chowdhry ● Oct 29, 2024

Keurig Dr Pepper announced that it has entered into a definitive agreement to acquire GHOST Lifestyle LLC and GHOST Beverages LLC. Launched in 2016, GHOST is a lifestyle sports nutrition business with a portfolio anchored by GHOST Energy (a leading ready-to-drink energy brand).

Concord: $850 Million Closed For Driving Strategic Growth

By Amit Chowdhry ● Oct 29, 2024

Concord, a leading independent music company, closed a new series of $850 million in senior notes backed by a diverse catalog of music assets. This is Concord's third securitization offering, and it is cross-collateralized with the notes offered in 2022, which now makes up the largest music-backed asset-backed securitization to date (when taken together). These issuances validate Concord's ongoing effort to strategically grow and monetize its music assets and position the company as a consequential force in the music industry.