Archives

Hemi Labs: $15 Million Raised To Launch Modular Blockchain Network

By Amit Chowdhry ● Sep 20, 2024

Hemi Labs announced a $15 million investment round to develop and launch the Hemi Network. Hemi is a modular blockchain network built on Bitcoin and Ethereum designed to deliver scaling, security, and interoperability.

Cherre: Real Estate Data Management Company Secures $30 Million (Series C)

By Amit Chowdhry ● Sep 20, 2024

Leading real estate data management and intelligence platform Cherre announced it has raised a $30 million Series C round led by HighSage Ventures. And additional participants in this round include leading real estate enterprise investors Nuveen Real Estate, RXR (RADV), certain principals of TA Realty, and others, as well as current investors Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.

AIR COMPANY: Carbon Conversion Company Secures $69 Million (Series B)

By Amit Chowdhry ● Sep 20, 2024

AIR COMPANY, a carbon conversion technology company, announced it has raised $69 million in Series B funding to advance its technology, promote energy security, and drive emissions reductions in hard-to-abate sectors, such as aviation. Avfuel (a leading global supplier of aviation fuel and services) led this funding round and will be the preferred provider of distribution and logistics, plus environmental attribute tracking and reporting for AIR COMPANY.

Ferrum: $16 Million (Series A) Raised To Deploy AI Into Health Systems

By Amit Chowdhry ● Sep 20, 2024

Ferrum Health, a software platform company deploying AI into health systems, announced that it has raised $16 million in a Series A funding round led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. The existing investors who also rejoined the current round include Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8. This latest round brings Ferrum Health's total funding to $31 million.

Fika Ventures: B2B-Focused Early-Stage Fund Raises $160 Million Fund IV

By Amit Chowdhry ● Sep 20, 2024

Fika Ventures, a B2B-focused early-stage fund, announced the closing of its $160 million Fund IV. This new fund brings Fika's total assets under management (AUM) to over $500 million since its founding in 2016. And with Fund IV, Fika will continue its proven strategy of leading pre-seed and seed rounds in B2B software companies across sectors like vertical SaaS, fintech, commerce enablement, marketplaces, and healthcare, especially those harnessing AI to drive innovation.

Landbase: Agentic AI Company Raises $12.5 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Landbase, which is the world’s first agentic AI platform specifically designed for go-to-market, exited stealth with $12.5 million in seed funding. The funding round was co-led by A*, 8VC, and First Minute Capital, with participation from Inovia Capital, Picus Capital, and General Catalyst (La Famiglia).

Schroders Capital Raises $2.6 Billion In Private Equity Direct And Co-Investments

By Amit Chowdhry ● Sep 19, 2024

Schroders Capital, a leading $97.3 billion private markets business of Schroders Group, announced it has achieved a significant funding milestone. Since January 2022, it has successfully raised over $2.6 billion for direct and co-investments in private equity, most recently driven by the successful €400 million close of one of its leading European buyout funds, Schroders Capital Private Equity Europe Direct III.

Connectly: $20 Million (Series B) Closed For Expanding AI Conversational Commerce

By Amit Chowdhry ● Sep 19, 2024

Connectly, a leader in conversational commerce, announced a $20 million Series B investment led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis. The company - which was launched in 2020 by industry veterans from Facebook, Google, Uber, and McKinsey - utilizes proprietary AI models to help retailers grow their business using personalized two-way customer messages in an increasingly digital-first world.

Protege: AI Training Data Company Raises $10 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Protege recently announced a $10 million seed round and the launch of its AI training data platform to help resolve one of the biggest issues in AI development, sharing and accessing the right training data. CRV led this funding round with participation from SV Angel, Liquid 2 Ventures, Bloomberg Beta, Flex Capital, Adam D'Angelo, Travis May, etc.

Luge Capital: C$96 Million Raised For Fund II

By Amit Chowdhry ● Sep 19, 2024

Luge Capital announced the successful closing of $96 million for Luge Capital Fund II, which is the firm’s second fintech-focused fund. And Luge previously announced a $71 million first close of the fund, with backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarité FTQ and Inovia Discovery Fund I. The new commitments in the closing are from Venture Ontario, Alberta Enterprise Corporation (AEC), AAF Management, and other strategic LPs.

LPL Financial Brings In $700 Million BrookBridge Private Wealth Team

By Amit Chowdhry ● Sep 19, 2024

LPL Financial announced that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage, and retirement plan assets and joining LPL from Bank of America Private Bank.

LPL Brings In $650 Million Apex Private Wealth Advisors Team

By Amit Chowdhry ● Sep 19, 2024

LPL Financial announced that financial advisors Brett Howard, CTFA, AAMS, APMA, CRPC, Marco Rivera, APMA, Brooks Crissey, CFP, APMA, Henry “Hank” DesJardins, and Ryan Mason had joined LPL Financial’s broker-dealer, RIA, and custodial platforms. And they reported serving about $650 million in advisory, brokerage, and retirement plan assets and join LPL from Ameriprise Financial.

SEI: $1.5 Trillion in Alternative Assets Under Administration Surpassed

By Amit Chowdhry ● Sep 19, 2024

SEI announced that it exceeded $1.5 trillion in alternative assets under administration in its Investment Managers business, which services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds. And as the largest private credit fund administrator by assets globally, SEI's clients include 43 of the top 100 largest investment managers.

Cahill: Dan Amato Joins New York Office As Private Credit Practice Partner

By Amit Chowdhry ● Sep 19, 2024

Cahill Gordon & Reindel announced that Dan Amato has joined the firm in New York, where he will partner in the Private Credit practice. Amato is the second partner to recently join Cahill’s fast-growing Private Credit practice, following Peter Williams’ arrival from KKR Credit as Co-Head of the practice in July.

Opnova: IT And Compliance Operations Optimization Company Raises $3.75 Million (Pre-Seed)

By Amit Chowdhry ● Sep 19, 2024

Opnova, a company in IT, security, and compliance operations optimization, announced an official launch today with an agentic AI platform designed to close the automation gap in complex operational workflows. With $3.75 million in pre-seed funding co-led by Faber, ScaleX, and Preface Ventures, Opnova is set to redefine IT operations by addressing the challenges posed by rework—the time spent on repetitive, mundane, yet essential tasks.

Edera: Secure-By-Design Kubernetes And AI Solution Secures $5 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Secure-by-design Kubernetes and AI solution Edera announced it has raised $5 million in a seed round led by 645 Ventures and Eniac Ventures with participation from FPV Ventures, Generationship, Precursor Ventures and Rosecliff Ventures. And angel investors include Joe Beda, Filippo Valsorda, Mandy Andress, Jeff Behl and Kleiner Perkins scout Nikitha Suryadevara, and others.

DNEG: How This Company Helps Build Immersive Marketing Campaigns

By Amit Chowdhry ● Sep 19, 2024

DNEG is a world-leading visual entertainment services company for the creation of feature film, television, and multiplatform content, with worldwide offices and studios across North America, Europe, Asia, and Australia. To learn more, Pulse 2.0 interviewed Josh Mandel, Managing Director of DNEG IXP (Immersive Experiences).

POINT.ME: Points And Travel Reward Search Company Secures $15 Million (Series B)

By Amit Chowdhry ● Sep 19, 2024

Points and travel reward search platform point.me announced it has successfully closed a $15 million Series B fund raising. This funding round follows a strong year of growth propelled by enterprise partnerships with American Express and Bilt Rewards.

Brisk Teaching: AI-Based Educational Chrome Extension Service Raises $6.9 Million

By Amit Chowdhry ● Sep 19, 2024

Brisk Teaching, a leading AI-based Chrome extension for educators, schools, and districts, announced the completion of its $5 million Seed round, bringing its total funding to $6.9 million. Led by Owl Ventures, with participation from South Park Commons, Springbank Collective, Coherence Fund, and Coalition Operators, this funding round will drive team expansion, accelerate product development, and fuel international growth—all with the goal of saving educators time and providing enhanced, intuitive tools for administrators.

GovCIO: $2 Billion Maverick DoD NSIN Task Order Signed

By Amit Chowdhry ● Sep 19, 2024

GovCIO—a provider of advanced technology solutions, cyber, and digital services for the federal government—was awarded a five-year, single-award, $2 billion General Services Administration (GSA) Alliant 2 task order in support of the Department of Defense (DoD).

Marble (Since Acquired By The Zebra): Interview With The Former CTO Adi Sundar About This Insurance Optimization Company

By Amit Chowdhry ● Sep 19, 2024

Marble is an all-in-one digital wallet for insurance. Pulse 2.0 interviewed Marble VP of Engineering Adi Sundar to learn more about the company.

Novatus Global: $40 Million Growth Investment Raised From Silversmith Capital

By Amit Chowdhry ● Sep 18, 2024

Novatus Global, a provider of regulatory technology solutions to global financial institutions, announced it has secured a $40 million investment from Silversmith Capital Partners.

Reshape Automation: $5 Million (Seed) Closed To Transform Industrial Automation

By Amit Chowdhry ● Sep 18, 2024

Reshape Automation, an AI-based solution that transforms industrial automation from discovery to deployment, has raised $5 million in seed funding. The round was led by Ironspring Ventures and included new investors Haystack, Supply Chain Ventures, Remus Capital, and Expansion VC, and renowned angel investors, including Amar Hanspal, former co-CEO of Autodesk, alongside existing investors Schematic Ventures and Bee Partners.

Cohora: Customer Activation And Engagement Company Secures $2.5 Million (Additional Seed)

By Amit Chowdhry ● Sep 18, 2024

Customer activation and engagement platform company Cohora announced it raised a $2.5 million round of additional seed funding. This funding round was led by Volition Capital and PJC and will be used to fuel the company’s next stage of growth by bolstering sales and marketing efforts, continuing product enhancement and supporting early customers in the cosmetics, fashion and travel sectors.

Gestalt Tech: Unified Data Ecosystem Company Raises $5.9 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Gestalt Tech, a unified data ecosystem that accelerates insights and AI adoption for lenders, announced a $5.9 million seed round led by Alpha Edison and Yamaha Motor Ventures, with participation from others including Alloy Labs, Newtype Ventures, Sentiero, Long Run Capital. Stephanie Hanson co-founded Gestalt with Ensemblex, a venture studio founded by fintech veterans focused on the future of funding.

AceUp: AI-Based Team Transformation Company Raises $22.5 Million Series A

By Amit Chowdhry ● Sep 18, 2024

AceUp, an AI-based Team Transformation Engine, announced a $22.5 million Series A funding round. This round was led by PJC, Techstars Ventures, Gaingels Ventures, Water Bear Ventures, and Launchpad Venture Group.

Aembit: Identity And Access Management Company Secures $25 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Aembit, a leading non-human identity and access management (IAM) company, has secured $25 million in Series A funding, bringing the total capital raised to nearly $45 million. Acrew Capital led the funding round, which included existing investors Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund.

Cavela: $2 Million Raised To Transform How Brands And Businesses Source Products

By Amit Chowdhry ● Sep 18, 2024

Cavela has officially launched to transform how brands and businesses source products, using AI-driven automation to connect them with premium manufacturers worldwide at optimal cost. Cavela also announced a $2 million funding round led by XYZ Venture Capital, with additional support from Propel Ventures and Go Global Ventures.

Safi Biotherapeutics: Manufactured Red Blood Cells Company Raises $5 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Safi Biotherapeutics—a company launched by former DARPA, Vertex, MIT, and MGH leaders—is leading the development of manufactured red blood cells (mRBCs) as an alternative to donor blood transfusions. The company recently announced a $5 million seed funding round led by J2 Ventures, which complements over $15 million in funding from the U.S. Department of Defense.

RunSafe Security: $12 Million (Series B) Raised To Immunize Software From Cyberattacks

By Amit Chowdhry ● Sep 18, 2024

RunSafe Security, a pioneer of a patented process to immunize software from cyberattacks without developer friction, announced the completion of a $12 million Series B financing round. This funding round, which includes participation from new and existing investors, will accelerate new product development and market expansion to EMEA and APAC.