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venBio Reveals $528 Million Global Strategic Fund V

By Amit Chowdhry ● Aug 7, 2024

venBio announced the closing of venBio Global Strategic Fund V, which is its fifth life sciences venture capital fund, exceeding its target and closing on about $528 million in capital commitments in an oversubscribed fundraise. And the firm initiated the fundraise for Fund V in mid-April.

Sora Fuel: $6 Million Closed To Produce Sustainable Aviation Energy

By Amit Chowdhry ● Aug 7, 2024

Sora Fuel, a company producing sustainable aviation fuel (SAF) using only water, air and renewable energy, announced it has raised an oversubscribed $6 million seed round. The Engine Ventures led the round, with Wireframe Ventures and others participating. And the funding will be used to expand Sora Fuel’s Boston-based team, develop commercialization partnerships and further advance the company’s novel technology.

Protect AI: AI/ML Security Company Raises $60 Million In Series B

By Amit Chowdhry ● Aug 7, 2024

Protect AI, a leading artificial intelligence (AI) and machine learning (ML) security company, announced it has closed a $60 million Series B round of funding led by Evolution Equity Partners with participation from 01 Advisors, StepStone Group, Samsung, and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures, and Salesforce Ventures. So far, the company has raised a total of $108.5 million to help organizations protect ML systems and AI applications from unique security vulnerabilities and emerging threats.

StartupOS: How This Company Boosted Growth For Over 5,000 Startups

By Amit Chowdhry ● Aug 7, 2024

StartupOS is an innovative platform that elevates startups and supports the broader innovation ecosystem. The company’s goal is to empower not only startup founders but also accelerators, enterprises, educational institutions, and community organizations. Pulse 2.0 interviewed StartupOS founder and CEO Paul Pluschkell to learn more about the company.

Stori: Mexico-Based Consumer Finance Platform Raises $212 Million

By Amit Chowdhry ● Aug 7, 2024

Stori, a pioneering Mexican startup focused on transforming consumer finance with a suite of groundbreaking products and services, announced a new round of equity and debt financing totaling $212 million. This includes $105 million in equity led by Notable Capital and BAI with participation from new and existing investors ACE Redpoint Ventures, GIC, General Catalyst, Goodwater, Lightspeed Ventures, and Tresalia, and $107 million in new debt financing provided by Goldman Sachs and Davidson Kempner Capital Management LP. This investment represents a major set up in valuation over the previously announced unicorn round.

BBTruck: Supply Chain Tech Company Raises Over $6 Million

By Amit Chowdhry ● Aug 7, 2024

BBTruck, a leader in supply chain and logistics technology, announced the successful closure of its pre-series A funding round. Led by Oasis Venture, H2U, and StarWorks Entrepreneurial Venture Capital, this round has brought BBTruck's total funding to $6.5 million.

Carketa: Data And Intelligence Software Provider Raises $4.4 Million

By Amit Chowdhry ● Aug 7, 2024

Carketa - a leading provider of end-to-end data and intelligence software for the automotive industry - announced the successful close of a $4.4 million early growth round. This funding round was led by new investor Capital Eleven, with participation from new and existing investors, including Crosslink Capital, Origin Ventures, Allegis Capital, and Peak Ventures.

Bilt Rewards: Loyalty Platform Company Raises $150 Million At $3.2 Billion Valuation

By Amit Chowdhry ● Aug 7, 2024

Bilt Rewards, which is the nation's largest loyalty program for the home and neighborhood, announced it has raised an additional $150 million in funding. This funding round was led by Teachers’ Venture Growth (TVG) - which is the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan - with participation from existing investors and new endowments including Vanderbilt University Endowment and the University of Illinois Foundation. This round of funding comes just a few months after Bilt's $200 million raise in January, valuing the company at $3.1 billion.

StarTree: Enabling Businesses To Gain Insights From Data

By Amit Chowdhry ● Aug 7, 2024

StarTree is a cloud-based software company that enables business customers to derive advanced insights from real-time and historical data. Pulse 2.0 interviewed StarTree co-founder and CEO Kishore Gopalakrishna to learn more about the company.