Archives

Gradient AI: AI-Based Insurance Solutions Company Secures $56 Million (Series C)

By Amit Chowdhry ● Aug 11, 2024

Gradient AI - a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry - announced that it has raised $56.1 million in Series C funding. This funding round was led by Centana Growth Partners, with participation from existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.

Type One Energy Group: Affordable Fusion Power Company Raises $82.4 Million (Seed)

By Amit Chowdhry ● Aug 11, 2024

Type One Energy announced the final closing of its $82.4 million seed financing round, bringing in a broad base of global investors to the company and its FusionDirect program, which is pursuing a direct path to commercializing fusion energy. FusionDirect is expected to culminate in the launch of Type One Energy’s fusion pilot power-plant project with an owner/operating partner by 2030. The new shareholders in Type One Energy include Centaurus Capital, GD1 from New Zealand, Foxglove, and other funds from Australia.

unspun: 3D Weaving Company Secures $32 Million (Series B)

By Amit Chowdhry ● Aug 11, 2024

unspun, an industry leader in 3D weaving technology, announced $32 million in an oversubscribed Series B funding round led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV.

Oats Overnight: High-Protein Oatmeal Company Closes $35 Million (Series B)

By Amit Chowdhry ● Aug 11, 2024

Oats Overnight (OON) announced that it has raised $35 million in Series B funding. This funding round was led by Enlightened Hospitality Investments (EHI) with participation from new investor Sonoma Brands Capital and from existing investors including Impatient Ventures, Singh Capital Partners, Morrison Seger Venture Capital Partners, and BFG Partners.

Axle Automation: AI-Based Compliance Team Company Closes $2.5 Million (Seed)

By Amit Chowdhry ● Aug 11, 2024

Axle Automation - a provider of AI-based solutions for compliance teams - announced the closing of a $2.5 million seed funding round. Led by Diagram Ventures, with participation from Mistral Ventures, Uphonest Capital, StreamingFast, and other strategic angel investors, this funding round validates the growing demand for innovative solutions to combat money laundering in the financial sector.

ZeroTier: Virtual Networking Company Raises $13.5 Million (Series A)

By Amit Chowdhry ● Aug 11, 2024

ZeroTier, a virtual networking company simplifying secure connectivity for devices worldwide, announced it has secured $13.5 million in Series A funding. Battery Ventures led this funding round, which also included Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners, First In Ventures, and 7percent Ventures.

osapiens: ESG Platform Company Raises $120 Million (Series B)

By Amit Chowdhry ● Aug 11, 2024

osapiens, a leading ESG Platform and provider of compliance and sustainability reporting solutions, announced the completion of a $120 million Series B funding round led by Growth Equity at Goldman Sachs Alternatives. These funds will accelerate international expansion and further invest in the technology platform, helping make business operations more compliant, resilient, and efficient. Goldman Sachs Alternatives has also acquired a minority stake in osapiens and is joining existing investor Armira Growth, who led the $27 million Series A in 2023.

Amulet Capital: Fund III Closed At $1.2 Billion

By Amit Chowdhry ● Aug 11, 2024

Amulet Capital Partners, LP (a middle-market private equity investment firm focused on the healthcare sector) announced the closing of Amulet Capital Fund III with about $1.2 billion in capital commitments.

Uplimit: AI-Based Enterprise Learning Company Raises $11 Million (Series A)

By Amit Chowdhry ● Aug 11, 2024

Uplimit, a leader in AI-based enterprise learning, announced that it has closed an $11 million Series A funding round to support its ongoing investment in delivering high-quality enterprise teaching and learning at scale. The funding from Salesforce Ventures, which led the round along with existing investors GSV Ventures, Greylock Partners, and Cowboy Ventures, and new investors Translink Capital, Workday Ventures, and Conviction, highlights the need for effective employee upskilling solutions due to the accelerating pace of GenAI's influence on the future of work.

StoneTree Investment Partners: Inaugural Fund Closed At $155 Million Hard Cap

By Amit Chowdhry ● Aug 11, 2024

StoneTree Investment Partners - a lower middle market private equity firm specializing in buy-outs of industrial and manufacturing businesses in the United States and Canada - announced the first-and-final closing of its debut fund, StoneTree Investment Partners Fund I, LP, with total capital commitments of $155 million.

Zenity Raises Strategic Investment Led By Microsoft’s M12

By Amit Chowdhry ● Aug 11, 2024

Zenity - a leader in securing enterprise copilots and low-code development - announced a strategic investment led by Microsoft's venture fund M12.

Pinetree Therapeutics: $17 Million (Series A) Raised To Advance Protein Degradation Platform

By Amit Chowdhry ● Aug 11, 2024

Pinetree Therapeutics, a biotechnology company developing next-generation targeted protein degraders (TPD) to combat drug resistance in oncology and beyond, announced the completion of a Series A funding round, raising $17 million from new and existing investors. This funding was co-led by STIC Investments and DSC Investment. New investors include Atinum Investment, Quantum FA, and S&S Investment, joining existing investors DSC Investment, Schmidt, and SGI Partners.

Credo AI: AI-Based Governance Company Closes $21 Million

By Amit Chowdhry ● Aug 11, 2024

Credo AI, a global leader in AI governance software, today announced that it has raised $21 million in new capital from CrimsoNox Capital, Mozilla Ventures, and FPV Ventures with participation from existing investors Sands Capital, Decibel VC, Booz Allen Hamilton, and AI Fund. This funding round brings the total to $41.3 million.

Haus: Decision Science Platform Company Raises $20 Million

By Amit Chowdhry ● Aug 11, 2024

Haus has announced $20 million in additional financing led by 01 Advisors (an investor group helmed by former Facebook CRO David Fischer) former Twitter CEO Dick Costolo, and former Twitter COO Adam Bain). Rahul Mehta, co-founder and managing partner at DST Global, and Gokul Rajaram, along with existing investor Insight Partners, participated in the funding. Baseline Ventures, Haystack Ventures, Octave, and Mantis Venture Capital also joined in the round.

Aviato: Data And Analytics Platform Company Raises Funding From CerraCap

By Amit Chowdhry ● Aug 11, 2024

CerraCap Ventures has invested in Aviato, a data and analytics platform for private markets. Aviato is prepared to provide users with comprehensive insights, enabling the transformation of unstructured data for funds.

Altana: Value Chain Management System Company Raises $200 Million (Series C) At $1 Billion Valuation

By Amit Chowdhry ● Aug 11, 2024

Value Chain Management System company Altana announced a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). This funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and Altana’s existing investors, including GV (Google Ventures), Activate Capital, Floating Point, and OMERS Ventures. This funding round brings Altana’s valuation to $1 billion.

Knox Lane: Oversubscribed Second Fund at Closed At $1 Billion Hard Cap

By Amit Chowdhry ● Aug 11, 2024

Growth-oriented investment firm Knox Lane announced the final closing of its second institutional fund KLC Fund II (KLC II), with $1 billion in total commitments, surpassing its target of $850 million and meeting its hard cap. The oversubscribed fund received significant support from existing and new investors and saw a 46% increase in fund size over Knox Lane's first fund, which was $610 million. With the closing of KLC II, Knox Lane now manages approximately $3 billion.

Walnut: $4.6 Million Raised To Advance Insurance Distribution with Embedded Technology

By Amit Chowdhry ● Aug 11, 2024

Walnut, an innovative company focused on the insurance distribution industry, announced the successful close of its latest funding round at $4.6 million. This funding round was led by NAventures (National Bank of Canada’s corporate venture capital arm) with participation from TELUS Global Ventures, Diagram Ventures, Portage, and Highline Beta.

AmorSui: $3.5 Million (Seed) Raised To Advance Sustainable Medical Supplies

By Amit Chowdhry ● Aug 11, 2024

AmorSui, a modern personal protective equipment (PPE) brand focused on protecting people and the planet, announced that it has raised $3.5 million in seed funding. AmorSui's goal is to make PPE more sustainable, inclusive, and affordable over time. The investors in this round include Gold House Ventures, The MBA Fund, and The Rev Up Fund.

Clutch Security: $8.5 Million (Seed) Raised To Advance Universal Non-Human Identity Security Platform

By Amit Chowdhry ● Aug 11, 2024

Clutch Security announced it emerged from stealth and unveiled its groundbreaking Universal Non-Human Identity (NHI) Security Platform. The company also revealed a $8.5 million Seed funding round led by Lightspeed Venture Partners, with participation from Merlin Ventures and notable angel investors. Clutch’s mission is to deliver end-to-end NHI security and proactively bridge NHI security gaps across the entire organizational landscape without affecting business velocity.

Apromore: AI-Based Process Mining And Digital Solutions Company Closes $15 Million (Series B-1)

By Amit Chowdhry ● Aug 11, 2024

Apromore, a leading provider of AI-driven process mining and digital solutions, announced it has closed an additional $15 million in funding as an extension to its Series B, led by existing investors with participation by Tin Alley Ventures, a joint venture between Tanarra Capital and the University of Melbourne and other investors. This funding brings the total amount of the Series B round to $25.3 million USD / $38.7 million AUD.

CloudPay: Payroll Solutions Company Secures $120 Million

By Amit Chowdhry ● Aug 11, 2024

CloudPay, a leading independent provider of global payroll and payment solutions, announced the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. This funding strengthens CloudPay's capital base and provides flexibility for future growth opportunities.

Levitate: Relationship-Based Management Company Raises $15 Million (Series D)

By Amit Chowdhry ● Aug 11, 2024

Levitate - a SaaS 'Happiness Platform' for relationship-based businesses - announced the successful completion of its Series D funding round at $15 million. This funding round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures and Bull City Venture Partners. And this funding round brings Levitate's total raised capital to $55 million.

IntelePeer: AI-Based Communications Automation Company Raises $140 Million (Strategic Growth)

By Amit Chowdhry ● Aug 9, 2024

IntelePeer (a leading AI-powered Communications Automation provider) announced the completion of $140 million in new growth funding and debt financing. This strategic growth investment was co-led by Savant Growth and VantagePoint Capital Partners with support from Savant limited partners including Coller Capital, Hollyport Capital, Manulife Investment Management and Achmea. Vector Capital (through its newly formed direct credit strategy Vector Velocity) led the debt financing.

Language I/O: $5 Million Raised In Round Led By Gutbrain Ventures

By Amit Chowdhry ● Aug 9, 2024

Language I/O - a leader in AI-powered and multilingual customer support technology - announced a $5 million funding round led by Gutbrain Ventures. This funding included participation from several new venture firms inspired by Language I/O’s unique platform.

Feeling Great: Mental Health App Company Raises $8 Million (Seed)

By Amit Chowdhry ● Aug 9, 2024

Dr. David D. Burns, a world-renowned psychiatrist and best-selling author of many self-help books like Ten Days to Self-Esteem, Feeling Good, and Feeling Great, announced a new tool in the fight against depression and anxiety - which is the Feeling Great app. This has the same name as its literary predecessor. The company, which includes co-founders Matt Pierce and Jeremy Karmel, also revealed $8 million in seed funding co-led by Learn Capital and TitleTownTech, with additional participation from Lux Ventures, WaveMaker Three-Sixty Health, Pacific Health Ventures, and Treble Capital.

Cents: $40 Million (Series B) Raised To Power The Way Garment Care SMBs Grow

By Amit Chowdhry ● Aug 9, 2024

Cents, the largest leading all-in-one business management platform powering the way garment care SMBs grow, manage, and understand their businesses, announced the closing of its $40 million Series B funding round.

Anduril: Defense Manufacturing Company Raises $1.5 Billion (Series F) At $14 Billion Valuation

By Amit Chowdhry ● Aug 8, 2024

Anduril Industries announced it has secured $1.5 billion of funding for its Series F round to hyperscale defense manufacturing. This funding round will enable Anduril to increase hiring, enhance processes, upgrade tooling, increase resiliency in its supply chain, and expand infrastructure. The funding round - which was co-led by Founders Fund and Sands Capital - values the company at $14 billion and includes new investors Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford, and significant commitments from existing investors including Altimeter and Franklin Venture Partners.

AtData: Interview With CEO Tom Burke About This Fast-Growing Email Address Intelligence Company

By Amit Chowdhry ● Aug 8, 2024

AtData is a technology-driven provider of email address solutions for first-party data. Pulse 2.0 interviewed AtData CEO Tom Burke to learn more about the company.

Packfleet: Powering Sustainable Deliveries With An In-House Routing Platform In A £6 Billion Market

By Amit Chowdhry ● Aug 8, 2024

Packfleet is a London-based carbon-neutral courier that is transforming the world of e-commerce delivery. Pulse 2.0 interviewed Packfleet founder and CEO Tristan Thomas to learn more about the company.