Archives

ZwitterCo: $58.4 Million Raised To Transform Water Treatment

By Amit Chowdhry ● Jul 14, 2024

ZwitterCo, a company transforming water treatment with advanced membrane technologies, announced the successful closing of its Series B funding round, led by Evok Innovations. DCVC, BHP, Munich Re Ventures, SiteGround, HG Ventures, and Blue Horizon Advisors joined Evok.

Enso Raises $6 Million To Advance Ecosystem Of Guided AI Agents

By Amit Chowdhry ● Jul 14, 2024

Enso has unveiled the industry's first ecosystem of Guided AI Agents, offering small to medium-sized business (SMBs) with AI-powered Service-as-a-Software. Driving Enso's launch is a $6 million seed funding round led by NFX with participation from top angel investors like Yossi Matias (head of AI Google Research), Shmil Levy (ex-GP at Sequoia Capital), Dark Mode ventures, and operators from top companies including Slack, Twitter, OpenAI, and more.

Courier Health: $16.5 Million Closed To Help Life Science Manufacturers Support Patients

By Amit Chowdhry ● Jul 14, 2024

Courier Health, a company reimagining how life science manufacturers engage and support patients, announced a $16.5 million Series A led by Norwest Venture Partners with participation from existing investor Work-Bench.

Command Zero: Autonomous Cyber Investigation Company Secures $21 Million

By Amit Chowdhry ● Jul 13, 2024

Command Zero, an autonomous and user-led cyber investigation platform, emerged from stealth with $21 million in seed funding, led by Andreessen Horowitz with participation from Insight Partners and over 60 cyber industry thought leaders and executives.

Cluby Closes €2.9 Million To Help Restaurants Connect Digitally With Customers

By Amit Chowdhry ● Jul 13, 2024

Cluby, a Finnish company whose platform enables every restaurant to connect with their customers digitally, announced it has raised €2.9 million seed round from Vendep Capital, Cluby’s co-founder and investor Pekka Koskinen, and Wolt co-founder Elias Aalto. The company will use the funding to expand across Europe, bringing its expertise and tools to a broader audience.

Enterprise Data Company Nasuni Raises Funding At $1.2 Billion Valuation

By Amit Chowdhry ● Jul 13, 2024

Nasuni, a leading enterprise data platform for modern hybrid cloud environments, announced a strategic growth investment led by Vista Equity Partners. And Vista will be joined by TCV and KKR in the new investment, which values Nasuni at about $1.2 billion. The terms of the transaction were not disclosed.

AE Industrial Partners: Fund III Closed At $1.28 Billion

By Amit Chowdhry ● Jul 13, 2024

AE Industrial Partners, LP (AEI), a private equity firm specializing in national security, aerospace, and industrial services, announced the closing of its third flagship private equity fund, AE Industrial Partners Fund III, LP, with total capital commitments of $1.28 billion.

Cytactic: Cyber Crisis Readiness Company Raises $16 Million In Seed Funding

By Amit Chowdhry ● Jul 12, 2024

Cytactic, a platform pioneering cyber crisis readiness and management, announced a $16 million seed funding round led by cybersecurity venture capital fund Evolution Equity Partners.

Regal: Theatre Circuit Company Secures $250 Million

By Amit Chowdhry ● Jul 12, 2024

Regal announced that it had completed a $250 million capital raise. With this funding, Regal is well positioned for accelerated growth through improvements to existing assets, and digital enhancements to the moviegoing experience.

AIRS Medical: AI-Based Healthcare Solutions Company Secures $20 Million

By Amit Chowdhry ● Jul 12, 2024

AIRS Medical, a company focused on artificial intelligence (AI) and robotics for healthcare applications, announced the completion of its Series C funding round, securing $20 million from seven institutional investors in Korea. This investment, which was led by BSK Investment and Shinyoung Securities, emphasizes confidence not only in the company's flagship product SwiftMR, but also in its larger goa to transform preventive healthcare through technology innovation.

Skild AI: $300 Million In Series A Raised At $1.5 Billion Valuation To Build A Foundational Model For Robotics

By Amit Chowdhry ● Jul 12, 2024

Skild AI, an AI robotics company building a scalable foundation model for robotics, today announced it has closed a $300 million Series A funding round. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (via Bezos Expeditions), with participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University. The funding brings the company to a valuation of $1.5 billion.

Norwest Capital: Over $1.4 Billion Closed Across Two Funds

By Amit Chowdhry ● Jul 12, 2024

Norwest Capital Advisors announced that the firm has closed Norwest Equity Partners XI, LP and Norwest Mezzanine Partners V, LP with approximately $1 billion and $400 million of committed capital, respectively.

Accenture Buying Silicon Engineering Services Company Cientra

By Amit Chowdhry ● Jul 12, 2024

Accenture announced it has acquired Cientra, a silicon design and engineering services company, offering custom silicon solutions for global clients. The terms of the deal were not disclosed.

Volumez: Cloud-Aware Data Infrastructure Company Raises $40 Million

By Amit Chowdhry ● Jul 12, 2024

Volumez, a modern cloud-aware data infrastructure company, announced that it has completed its $40 million Series A financing round led by Koch Disruptive Technologies (KDT) with new investors including Samsung Venture Investment Corporation and J-Ventures, and participation from existing investors Pitango First and Viola Ventures. This additional $20 million funding comes following the first tranche of $20 million funding led by KDT in April 2023.

SKROL: $1.2 Million In Pre-Seed Raised To Help SMBs With The Acquisition Process

By Amit Chowdhry ● Jul 12, 2024

SKROL, an AI-powered platform transforming how small and mid-size businesses (SMBs) are acquired and transformed, announced its launch out of stealth. The company also revealed that it raised a pre-seed funding round led by Magnetic Capital (led by David Rosskamp) - which is a venture fund that was also an early investor of Grover, a company that was also founded by SKROL CEO and founder Michael Cassau.

Innatera: Ultra-Low Power Neuromorphic Processor Company Raises $21 Million

By Amit Chowdhry ● Jul 12, 2024

Innatera, a leading innovator in ultra-low power neuromorphic processors, recently announced the oversubscription of its Series A funding round at $21 million. This funding includes the initial Series A investment of $16 million that the company announced in March this year, augmented by an additional $5 million from new investors who joined the round. This Series A extension was led by investors Innavest and InvestNL, who joined existing Series A investors, including EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises.

Biostate AI: Scalable Biodata Foundry Company Raises Over $4 Million

By Amit Chowdhry ● Jul 12, 2024

Biostate AI, a scalable biodata foundry startup, emerged from stealth recently with the launch of two service products: Total RNA sequencing and Copilot for RNAseq data analysis. Biostate AI also revealed it has raised over $4 million in venture funding. Matter Venture Partners led the funding round, with participation from institutional investors Vision Plus Capital, Catapult VC, and the California Institute of Technology through the Caltech Seed Fund. Individual investors in the round included Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).

Beacon Therapeutics: Ophthalmic Gene Therapy Company Raises $170 Million

By Amit Chowdhry ● Jul 12, 2024

Beacon Therapeutics, a leading ophthalmic gene therapy company with a goal of saving and restoring the vision of patients with blinding retinal diseases, announced it has raised $170 million in Series B funding.

Hack VC: How This $425 Million Firm Is Transforming The web3 Industry

By Amit Chowdhry ● Jul 12, 2024

Hack VC is a web3 venture capital firm that partners on- and off-chain with hackers, building the future of the internet. Pulse 2.0 interviewed Hack VC managing partner Alex Pack to learn more about the firm.

NewEdge Advisors Brings In $580 Million Dallas-Based Team Fortis Wealth

By Amit Chowdhry ● Jul 12, 2024

NewEdge Advisors (a leading New Orleans-based RIA) that is supporting successful independent financial advisors nationwide announced that Dallas-based team Fortis Wealth Advisors has joined the firm from J.P. Morgan Securities, where they were overseeing approximately $580 million in client assets.

Perigon Wealth Management Acquires $150 Million Firm Creative Financial Planning

By Amit Chowdhry ● Jul 12, 2024

Perigon Wealth Management - a rapidly growing independent wealth management firm with offices across the country and about $7.75 billion as of March 31, 2024 - in client assets, today announced the acquisition of Creative Financial Planning Inc. of New York, a firm with approximately $150 million in assets under management (AUM). Terms were not disclosed.

VenoStent: $20 Million Series A Raised To Develop Therapeutic Device For Improving Dialysis Patient Outcomes

By Amit Chowdhry ● Jul 11, 2024

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A financing at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal. Plus, the company was awarded a $3.6 million Small Business Innovation Research (SBIR) Phase II Grant by the National Institutes of Health (NIH), which will help fund its multi-center, 200-patient, randomized controlled trial (RCT) in the US.

Phaidra: $12 Million Secured To Help Data Centers Improve Energy Efficiency

By Amit Chowdhry ● Jul 11, 2024

Phaidra (an AI-based control system that helps facilities like data centers improve energy efficiency and increase compute infrastructure) announced $12 million in new funding led by Index Ventures, bringing the total capital raised to $60.5 million.

Myricx Bio Raises £90 Million In Series A To Develop Pay Class For Antibody-Drug Conjugates

By Amit Chowdhry ● Jul 11, 2024

Life science investor Novo Holdings announced that it has co-led a £90 million ($114 million) Series A financing for Myricx Bio, the largest European biotech Series A funding this year. Myricx Bio is a UK biotech company focusing on the discovery and development of a novel payload class for antibody-drug conjugates (ADCs).

Ligand Buying APEIRON Biologics For $100 Million

By Amit Chowdhry ● Jul 11, 2024

Ligand Pharmaceuticals announced that it has entered into a definitive agreement to buy APEIRON Biologics AG, which holds royalty rights to QARZIBA (dinutuximab beta) for the treatment of high-risk neuroblastoma, for $100 million in cash. And Ligand will pay APEIRON shareholders additional consideration based on future commercial and regulatory events, including up to $28 million if QARZIBA royalties exceed certain predetermined thresholds by either 2030 or 2034, respectively.

HarmonyCares: $200 Million Raised For Advancing In-Home Primary Care Access

By Amit Chowdhry ● Jul 11, 2024

HarmonyCares, a leading provider of value-based in-home longitudinal care, announced that it has raised $200 million of capital to bring its integrated, physician-led in-home care model to more vulnerable patients nationwide.

Niva: Business Identity Platform Company Raises Over $3.3 Million

By Amit Chowdhry ● Jul 11, 2024

Global business identity platform company Niva has officially launched and the company introduced an AI-based solution built to overcome the challenges of establishing trust in businesses internationally. With renowned customers and over $3.3 million in funding led by Gradient Ventures (Google’s AI-focused venture fund) along with participation from Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire, Niva is prepared to transform the complex landscape of global commerce.

Homethrive: The Story Behind This Family Caregiving Solution

By Amit Chowdhry ● Jul 11, 2024

Homethrive is a healthcare service company that reduces work, worry, and stress for unpaid family caregivers, their loved ones, and their employers. And the company’s family caregiving platform uniquely integrates a digital assistant for coaching, navigation, and resources with expert personal interaction and service coordination to help ease the difficult and stressful responsibility of supporting loved ones who are aging or have special needs. Pulse 2.0 interviewed Homethrive Chief Product Officer Karan Chawla to learn more about the company.

Immunexpress: Creating Molecular Diagnostics For Sepsis In A $1 Billion Market

By Amit Chowdhry ● Jul 11, 2024

Immunexpress is a company creating molecular diagnostics for sepsis. Its product pipeline aims to address the overwhelming unmet clinical needs of sepsis patients, clinicians, payers, and healthcare systems. Pulse 2.0 interviewed Immunexpress CEO Rollie Carlson to learn more about the company.

K Health: AI Primary Care Platform Company Raises $50 Million

By Amit Chowdhry ● Jul 11, 2024

K Health, a leading AI Primary Care platform, announced that it has raised $50 million in funding led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.