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3V Infrastructure: Up To $40 Million Raised To Expand EV Charging Access

By Amit Chowdhry ● Aug 12, 2024

3V Infrastructure, a new electric vehicle (EV) charging infrastructure owner and operator, announced its formation with a goal of accelerating widespread access to EV charging. Created with top-tier talent, 3V Infrastructure builds and operates Level 2 EV chargers in long-dwell properties like multifamily housing and hotels, eliminating upfront and ongoing costs for real estate portfolio owners and managers. The company has also secured a commitment of up to $40 million from an affiliate of Greenbacker Capital Management, which provides strategic growth capital to leading energy transition companies.

Cognigy: How This AI-Based Company Is Transforming The Customer Service Industry In An $8+ Billion Market

By Amit Chowdhry ● Aug 12, 2024

Cognigy is a company that is transforming the customer service industry by providing the most cutting-edge AI Agent platform for voice and chat in the industry. Pulse 2.0 interviewed Cognigy VP of Marketing Alan Ranger to learn more about the company.

Arch: $100 Billion In Platform Assets Surpassed And Team Expands

By Amit Chowdhry ● Aug 12, 2024

Arch, a digital admin platform modernizing private investment operations and investor communications, announced it has processed more than $100 billion in private markets assets on the platform.

BrightNight: $440 Million (Strategic Investment) Raised From Goldman Sachs Alternatives

By Amit Chowdhry ● Aug 12, 2024

BrightNight (a leading renewable power company designed to provide utility and commercial and industrial customers with clean and dispatchable renewable power solutions) raised a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.

Savvy Wealth: $26.5 Million (Series A) Closed To Provide Financial Advisors With Advanced AI Tools

By Amit Chowdhry ● Aug 12, 2024

Savvy Wealth (a digital-first platform for financial advisors centered around transforming human financial advice) announced an additional $15.5 million funding round led by Canvas Ventures. This latest funding round, which closes the company’s $26.5 million Series A round, will accelerate the development of its artificial intelligence AI-based technology platform, expand its product and engineering teams, and recruit entrepreneurial advisors to its national affiliate registered investment advisor (RIA), Savvy Advisors. The funding round also saw participation from existing and new investors, including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures.

AeroShield: Material Science MIT Spin Out Company Raises $5 Million

By Amit Chowdhry ● Aug 11, 2024

AeroShield Materials, an MIT spinout developing advanced technology for energy efficiency applications in the built environment, announced the opening of its new manufacturing facility in Waltham, Massachusetts, and the closing of $5 million in additional funding. Existing investors Massachusetts Clean Energy Center and MassVentures participated, as did new investor MassMutual Ventures.

KKR Buying Majority Stake In FGS ($1.7 Billion Deal)

By Amit Chowdhry ● Aug 11, 2024

KKR announced the acquisition of WPP’s full equity position in FGS Global, a major global communications and public affairs consultancy. The proposed deal is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at $1.7 billion.

Robertson Stephens Brings In $530 Million Ratio Wealth Team

By Amit Chowdhry ● Aug 11, 2024

Robertson Stephens Wealth Management announced its fourth acquisition of the year and strategically expanded its presence in Colorado with the addition of Ratio Wealth Group, an SEC-registered investment advisor managing over $530 million in advisory assets. And Derek Scarth and Graham Gerlach, co-founders of Ratio Wealth Group, join Robertson Stephens with their team, including Josh Freedman, Nancy Kimball, Becky Neils, Jen Padgett, Jack Seavall, and Shawn Wallace.

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.