Archives

X-energy: $500 Million (Series C-1) Raised To Support Advanced Small Modular Nuclear Reactors

By Amit Chowdhry ● Oct 21, 2024

X-Energy Reactor Company (a leader in advanced nuclear reactor and fuel technology) announced a Series C-1 financing round of about $500 million, anchored by Amazon.com. Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan join Amazon’s Climate Pledge Fund in the financing round.

Cyngn Reveals Raymond West, A Dealer With $800M+ In Annual Sales

By Amit Chowdhry ● Oct 21, 2024

Cyngn announced the expansion of its dealer network to include Raymond West. As a leading distributor and integrator of intralogistics solutions, Raymond West will begin selling Cyngn's autonomous DriveMod Tugger. The autonomous tugger integrates Cyngn's AV technology with Motrec's MT-160.

FeelBetter: Interview With CEO & Co-Founder Liat Primor About the Polypharmacy Patient Management Company

By Amit Chowdhry ● Oct 21, 2024

FeelBetter is a company focused on polypharmacy patient management. It has developed an AI-based platform that identifies patients who are at high risk of near-term hospitalization related to polypharmacy issues, recommends changes to medication regimens and other needed clinical interventions, and comprehensively monitors progress at the individual and population health levels. Pulse 2.0 interviewed FeelBetter CEO and co-founder Liat Primor about the company and its technology.

Bluwhale: Interview With Founder And CEO Han Jin About The AI Intelligence Layer Company

By Amit Chowdhry ● Oct 21, 2024

Bluwhale is an AI intelligence layer that is turning your digital footprint into your most profitable asset. Pulse 2.0 interviewed Bluwhale CEO Han Jin to learn more about the company.

Neighborly Software: Growth Investment Secured From Falfurrias

By Amit Chowdhry ● Oct 20, 2024

Neighborly Software, a leading provider of an end-to-end SaaS platform that manages government-funded programs' enrollment, administration, and reporting, announced a significant growth investment from Falfurrias Management Partners, a Charlotte-based investment firm focused on growth-oriented middle-market businesses.

Equilibrium Energy: $39 Million (Series B) Raised To Build Next-Generation Clean Power Company

By Amit Chowdhry ● Oct 20, 2024

Equilibrium Energy—a technology company building a next-generation clean power company—announced market entry into California and signed new battery tolls with top-tier developer Ormat. The company also closed a $39 million Series B venture fundraising led by DCVC and including top-tier institutional investors Breakthrough Energy Ventures and Valo Ventures. This new funding builds on the company’s $30 million Series A financing led by Breakthrough Energy Ventures in 2022 and will support the continued build-out of Equilibrium’s industry-leading power volatility management platform and the growth of its commercial businesses.

XDLINX: India-Based Satellite Platform Company Raises $7 Million (Seed)

By Amit Chowdhry ● Oct 19, 2024

Indian space-tech company XDLINX Space Labs is a company that is transforming the global space industry through its ready to launch satellite platforms. The company revealed that it recently raised $7 million in seed funding to accelerate the manufacturing of next-generation payloads. This funding round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures,and a prominent family office.

Lidwave: 4D-LiDAR-On-Chip Sensor Company Raises $10 Million (Seed)

By Amit Chowdhry ● Oct 19, 2024

Lidwave, a developer of 4D-LiDAR-on-chip sensors, announced that it raiseda $10 million Seed funding round led by Jumpspeed Ventures and Next Gear Ventures with strategic investment from a leading Swedish truck manufacturer. Lidwave’s seed round also included participation from additional investors, including Sapir Venture Partners, OurCrowd, Teramips Technologies, Beyond-Electronics, Howard Morgan (MFCIF), and the Israel Innovation Authority (non-dilutive).

Healthie: EHR Platform Company Secures $23 Million (Series B)

By Amit Chowdhry ● Oct 19, 2024

Healthie, a leading API-first EHR, scheduling, and engagement platform, announced it raised $23 million Series B, led by TCV with participation from existing investors including Birchmere, Velvet Sea Ventures, and Greymatter, and Watershed. And Healthie will use this capital to continue building products for its customers, who deliver virtual-first, longitudinal, and collaborative care.

Platformr: $2.5 Million (Seed) Raised To Advance AWS CloudOps Platform

By Amit Chowdhry ● Oct 19, 2024

Platformr, a CloudOps platform that automates how companies migrate, build, and deploy technology solutions on Amazon Web Services (AWS), announced it has secured a $2.5 million seed round. Oregon Venture Fund (OVF) led the round, which included Cascade Seed Fund and several other investors.

Antiverse: £3.5 Million Raised For Advancing GenAI-Based Antibody Design Platform

By Amit Chowdhry ● Oct 19, 2024

Antiverse, a tech company that is designing antibodies for challenging targets, today announced it had added £3.5 million ($4.6 million) to its seed funding.

Tolerance Bio: $17.2 Million (Seed) Raised For Increasing Healthspan By Adjusting Function Of The Thymus

By Amit Chowdhry ● Oct 19, 2024

Tolerance Bio - a biopharmaceutical company pioneering a novel approach to increasing healthspan by preserving, restoring, and manipulating the function of the thymus, the master regulator of immune tolerance - announced the closing of its oversubscribed $17.2 million seed financing round, led by Columbus Venture Partners, with participation from Criteria Bio Ventures, Sessa Capital, BioAdvance, Ben Franklin Technology Partners and individual biotechnology investors.

Xscape Photonics: $44 Million (Series A) Raised For Supporting Next Generation Of AI Data Centers

By Amit Chowdhry ● Oct 19, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced the successful closing of a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led the funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. And the funding will be used to accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

RRA Capital: $27 Million Loan Closed For Acquisition Of Multifamily Portfolio In North Carolina

By Amit Chowdhry ● Oct 19, 2024

RRA Capital, a leading Phoenix-based commercial real estate bridge lender and investment firm, announced the closing of a $27 million loan for the acquisition of a four-property and multifamily portfolio in North Carolina. And this latest deal, executed in partnership with Emerald City Associates (ECA), marks a significant milestone in their collaboration, with the parties having now closed $62 million across seven loans in the past five months.

Decagon: AI-Based Customer Support Agent Company Raises $100 Million Total

By Amit Chowdhry ● Oct 19, 2024

Decagon, a leading innovator in AI customer support agents, announced it had raised $100 million, including its latest Series B funding round (quadrupling its valuation in just a few months). The $65 million round was led by Bain Capital Ventures with participation from Elad Gil, A*, Accel, BOND Capital, and ACME Capital. This funding round will accelerate Decagon’s mission to transform enterprise customer support and unlock new levels of economic productivity.

Johnson Winter Slattery: Charlie Detmold Named As Partner In Melbourne Office

By Amit Chowdhry ● Oct 19, 2024

Leading independent Australian law firm Johnson Winter Slattery (JWS) announced it has appointed banking and finance expert Charlie Detmold as a partner in the firm’s Melbourne office. Charlie brings over 20 years of domestic and international experience in project finance, acquisition finance, and corporate finance, particularly in the energy, resources and infrastructure sectors.

Paul Weiss: Prem Mohan Named As Regulatory Partner

By Amit Chowdhry ● Oct 19, 2024

Paul, Weiss, Rifkind, Wharton & Garrison announced that financial regulatory lawyer Prem Mohan, who is resident in London, will join the firm as a partner and head of European Financial Services Regulation. Mohan advises on the regulatory aspects relating to the structuring and formation of private funds and M&A and private equity transactions.

Fisent: Testing Framework Launched To Help Enterprises Evaluate GenAI Model Performance

By Amit Chowdhry ● Oct 19, 2024

Fisent Technologies, a pioneer in Applied GenAI Process Automation solutions, announced a new framework designed to help its Fisent BizAI customers objectively evaluate the performance of various GenAI models for specific business process automation use cases. Fisent’s GenAI Efficacy Framework (GEF) enables enterprises to measure, compare, and select the most effective GenAI models based on key metrics like accuracy, speed, cost, and consistency.

Cornell University’s eLab Reveals 24 Student Startup Teams

By Amit Chowdhry ● Oct 19, 2024

There have been 24 student teams selected for the Fall 2024 cohort of eLab (Cornell’s student startup accelerator). Now welcoming its 16th credit-bearing cohort, eLab accepts student founders from across any field of study across Cornell and trains them to launch their businesses.

LeagueApps: Significant Equity Investment From Accel-KKR Signed

By Amit Chowdhry ● Oct 19, 2024

LeagueApps, a leading youth sports management platform, announced that it has received a significant equity investment from Accel-KKR. This investment by Accel-KKR will advance LeagueApps' role in offering youth and local sports organizers with the tools, partnerships, and community they need to succeed on and off the field – helping them manage and grow their clubs, tournaments, leagues, camps, and facilities.

Azra Games: $42.7 Million (Series A) Raised To Create Next-Gen Mobile Role-Playing Games

By Amit Chowdhry ● Oct 19, 2024

Sacramento-based Azra Games is a company that is dedicated to creating the next generation of mobile role-playing games (RPGs) with thrilling gameplay announced the completion of its $42.7 million Series A round. The funding round was led by Pantera Capital (Franklin Bi), with participation from a16z crypto (Arianna Simpson), A16Z GAMES (Jonathan Lai), and NFX (Gigi Levy-Weiss). And this brings Azra's total funding to date to $68.3 million.

Emerald Lake Capital Management Adds New Investment Team Members

By Amit Chowdhry ● Oct 19, 2024

Emerald Lake Capital Management announced three recent additions to the firm's investment team: Stephen Burhenn has joined from Ares Management, Derrick Lee has joined from Cinven, and Katie Slodzinski has joined from Goldman Sachs.

Gladia: AI Transcription And Audio Intelligence Company Raises $16 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Gladia, an AI-based transcription and audio intelligence provider, announced it has completed a $16 million Series A funding round. The company will use the funding to develop an end-to-end audio infrastructure, starting with a new real-time audio transcription and analytics engine (enabling voice-first platforms to deliver more value to their users across borders with AI).

Agtonomy: AI-Based Agriculture Automation Company Raises $32.8 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Agtonomy, a pioneer in AI-based automation software for agriculture and land maintenance, announced it has raised an additional $10 million to close its Series A round, bringing the total funding to $32.8 million. Leading mobility venture fund Autotech Ventures led the round. And new investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support.

Kantata Reveals General Availability Of Pulse

By Amit Chowdhry ● Oct 19, 2024

Kantata, a leading global supplier of purpose-built technology for professional services, announced the general availability of Kantata Pulse. This solution optimizes service delivery across project portfolios by infusing operational data with real-time project sentiment data.

Cresset Buying CH Investment Partners, Bringing Firm To $62 Billion In Assets

By Amit Chowdhry ● Oct 19, 2024

Cresset Asset Management announced an acquisition of CH Investment Partners, a $6.2 billion multi-family office and private investment firm serving ultra-high-net-worth families. Through this acquisition, the integrated firm will manage more than $62 billion in assets for high-net-worth and ultra-high-net-worth families.

Kestra: Funds Managed By Stone Point Agrees To Buy Majority Interest In Parent Partnership

By Amit Chowdhry ● Oct 19, 2024

Kestra Holdings announced that funds managed by Stone Point Capital (a leading private equity firm focused on global financial services and related industries) has agreed to buy a majority interest in the parent partnership of the company, replacing current partner Warburg Pincus. Private equity firm Oak Hill Capital will remain a minority owner. And the Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company. Bluespring Wealth Partners is the acquisition arm of Kestra Holdings.

Galileo: Enterprise GenAI Evaluation And Observability Company Raises $45 Million (Series B)

By Amit Chowdhry ● Oct 19, 2024

Galileo, a leader in generative AI (GenAI) evaluation and observability for enterprises, announced it raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68 million.

Monument Therapeutics: Precision Neuroscience Company Raises £1 Million

By Amit Chowdhry ● Oct 19, 2024

Monument Therapeutics, a precision neuroscience company, announced a further £1 million equity investment by the Forster Foundation, a charitable incorporated organization. This new funding builds on equity and non-dilutive funding announced in April 2024 and will support the clinical development of MT1988, a novel treatment for the cognitive symptoms of schizophrenia.

Dentons Reveals New Partners In London, Phoenix, And San Francisco

By Amit Chowdhry ● Oct 19, 2024

Dentons recently announced it has made several key hires. These are the details.