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Syntiant, a leader in low-power edge AI deployments, announced it signed a definitive agreement to acquire certain assets of Knowles Corporation’s Consumer MEMS Microphones (CMM) business. Syntiant will pay $150 million in cash and stock for Knowles’ CMM business, which generated revenues of $256 million in FY 2023 and $136 million in the first half of 2024. Structural Capital and Boardman Bay Capital Management are leading this financing.

Avid Ventures announced launching its second fund, an $87 million early-stage vehicle that brings the total capital raised since inception to over $165 million. Avid Fund II is committed to backing exceptional founders who are building transformative software and fintech companies at the Seed through Series B stages. Avid Fund II  has completed five initial investments in various sectors: payments, insurance, gaming, and data analytics.

Tetrix, a company whose mission is to empower capital allocators with AI-based insights to navigate alternative investments, announced it has raised a $5 million seed round led by Innovation Endeavors with participation from prominent angels from Blackrock, CPPIB, SoftBank, Lending Club, and Plaid.

Observe—a SaaS observability company reinventing how machine-generated data is stored, managed, and analyzed—announced Project Voyager, its most significant product update yet. The company also announced the closing of $145 million in Series B funding, with the most recent investments by Evolution Equity Partners and Madrona Ventures. Madrona Managing Director Soma Somasegar also joins Observe's board of directors, effective immediately.

DC Capital Partners Management, a sector-focused private equity firm that invests in middle-market Government and Engineering companies, announced that it has made a control investment in PK Companies Group. PK's founders have reinvested equity as part of this deal.

Veteran Ventures Capital (VVC), a VC firm focused on investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, announced a strategic investment in Agile Space Industries, a leading innovator of in-space chemical propulsion technologies. And Agile specializes in developing advanced chemical propulsion systems, including thrusters and rocket engines for satellites and spacecraft, which are designed, 3D printed, and tested all under one roof.

Hartree Partners announced the closing of its core senior secured borrowing base revolving credit facility on September 4, 2024, totaling $4.1 billion. And the $4.1 billion credit facility, comprised of a $2.05 billion two-year tranche and a $2.05 billion three-year tranche, also includes an accordion feature to increase the facility to $4.6 billion to support the company’s liquidity needs and future growth. A diverse group of 22 banks participated in the facility, including six new banks.

Phare Bio - along with the Collins Lab at the Massachusetts Institute of Technology (MIT) and Harvard's Wyss Institute - announced that they have been awarded up to $27 million in funding from the Advanced Research Projects Agency for Health (ARPA-H), part of the U.S. Department of Health and Human Services, to enhance their generative artificial intelligence (AI) discovery platform and produce novel classes of antibiotics. And with mounting concern around the AMR crisis, there is an urgent need for new antibiotics that have the potential to save millions of lives.

Freight brokers often deal with two significant challenges when moving freight by truck: fragmentation and fraud. And trucking is one of the most fragmented industries in the U.S., with millions of trucks crisscrossing the nation's highways daily. Securing the right truck at the right time continues to be a legacy problem, which has been compounded in recent years by the sharp rise in fraud and theft from posting loads on public load boards. Virginia-based GenLogs is addressing these issues by developing a nationwide network of roadside sensors that passively collect data on truck movements and extract key details like the U.S. Department of Transportation (USDOT) and motor carrier (MC) numbers, equipment types, and logos, all in real time.

Mevo, a leading digital prescription platform in Brazil, announced it has raised $19 million USD ($110 million BRL) in new venture funding. And Mevo enables patients to easily access their prescriptions and purchase medications through a user-friendly mobile interface. This funding round was led by Matrix, with participation from Jefferson River Capital (former Blackstone President and current Costco chairman, Tony James’ family office).

Dunya Analytics, a provider of science-based digital tools that simplify the measurement and management of biodiversity risks, announced it has received $1.2 million in seed funding. Synovia Capital led the funding round, which included a highly credentialed group of investors, including KDX and Persei Venture.

Pioneering growth equity firm AVANT BIO announced Avant Bio Fund II LP's participation in a series of several financing rounds, reinforcing its mission to support visionary companies developing cutting-edge solutions for health tech, life sciences research, and drug development. And Avant Bio Fund II LP's participation in Nomic Bio's Series B round and its leadership positions in growth financing rounds for PathPresenter and PL BioScience underscores AVANT BIO's commitment to advancing companies in the biotech and life sciences sectors.

Micropep Technologies, a global leader in micropeptide crop protection technologies, announced it has successfully closed its Series B funding round with an additional $11 million commitment. This funding round, from new investors Corteva (through its Corteva Catalyst platform), Sparkfood SA, and all existing investors brings the total Series B round to $40 million and elevates the company's total funding to over $60 million.

Mendaera - a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform - announced the closing of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The funding will further Mendaera’s efforts to scale robotics and AI across mainstream medical procedures.

LiquidStack, a global leader in liquid cooling for data centers, announced that it raised a $20 million Series B extension investment from leading investment firm Tiger Global, bringing LiquidStack’s total Series B funding round to $35 million. This full-service liquid cooling provider will use the funds to expand its manufacturing footprint, scale its direct-to-chip and immersion cooling product family roadmaps, and broaden its commercial and R&D operations.

ARCH Venture Partners announced the closing of ARCH Venture Fund XIII, a venture capital fund with over $3 billion to support the founding and growth of early-stage biotechnology companies.

858 Therapeutics announced it raised $50 million in a Series B financing led by Avidity Partners. Participation came from Insight Partners, Mirae Asset Capital, and Alexandria Venture Investments, as well as existing investors Versant Ventures, NEA, and Logos Capital. As part of the funding, Monal Mehta, Ph.D., Managing Director at Avidity Partners, will join the company’s Board of Directors.

City of Hope - one of the largest and most advanced cancer research and treatment organizations in the U.S. - announced it received a $20 million gift from philanthropists Norman and Melinda Payson to create a pancreas center that will advance groundbreaking research and treatments for pancreatic cancer and diabetes.

Helaina, a biotechnology company transforming nutrition with human equivalent bioactive proteins, announced it raised $45 million in Series B funding, bringing its total equity funding to $83 million. This funding round was led by Avidity Partners, with additional investment from Spark Capital, Ingeborg Investments, Tom Williams of Heron Rock, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners, among other strategic partners.

SEEN, a haircare brand developed by Harvard-trained Dermatologist Dr. Iris Rubin, has closed a $9 million Series A funding. This funding will accelerate SEEN's growth as the premier science-backed, clinically proven beauty brand. The participants include Mitch Rales, Co-Founder of Danaher Corporation; Somerville SPV, led by acclaimed investor Feroz Dewan; Sator Grove Holdings, a permanent capital investor; and George Mrkonic, a Board Director of Ulta Beauty. SEEN also received early funding support from renowned Harvard dermatologists and scientists, including Dr. Rox Anderson at Harvard/Massachusetts General Hospital.

OxeFit, a leader in AI-based health and fitness experiences, announced Dave Asprey and Anne Mahlum as investors in the company's latest $17.5 million round of funding, bringing the total to over $70 million.

Genesis Capital (a Rithm Capital company), a leading business-purpose lender offering innovative financing solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has closed NRMLT 2024-RTL2, a $450 million rated securitization backed by residential transitional loans (RTLs).

Utility Global, an off-gas-to-value company pioneering its proprietary eXERO gas production technology optimized for hard-to-abate industries, announced that it has raised $53 million of an ongoing Series C funding led by the OPG Pension Plan and joined by multinational steel company ArcelorMittal S.A. through its XCarb Innovation Fund, along with current investors Ara Partners and Aramco Ventures. This funding is part of Utility Global’s current growth equity funding round.

Welltory, a leading all-in-one personalized health and wellness app, announced it has closed a $3 million credit line with Braavo Capital. This funding will enable Welltory to invest deeper into its strategic product and market growth to become the preventative and people-centric care category leader.

General Catalyst announced it has launched General Catalyst Institute, an organization that aims to evolve how VC partners with governments worldwide.

Teleport, a leader in secure infrastructure access, announced the expansion of its executive team to scale and accelerate the company’s next growth phase. And Jeff Bunten has joined as the company’s Chief Revenue Officer (CRO), with worldwide responsibility for all revenue growth and sales strategy aspects. Diana Jovin has been named Chief Marketing Officer (CMO), responsible for scaling global marketing execution.

1848 Ventures, a B2B SaaS venture studio backed by Westfield and focused on empowering SMBs through AI, announced that Kal Amin has joined as Managing Partner. With extensive experience in venture capital and startup operations, Amin will lead 1848 Ventures’ efforts to attract top entrepreneurial talent, accelerate new company launches, and expand the company’s investment approach to drive the growth of small and medium-sized businesses.

AI-based health diagnostics company Mediwhale announced it raised $12 million in Series A2 funding. This funding utilizes the momentum of their technological advancements and rapid adoption of its innovative biomarker for preventing cardiovascular disease in general hospitals and clinics.

Students at the University of Louisiana at Lafayette spent the whole summer enhancing a mobile AI application for Keepers, a locally founded startup that automates the entire housekeeping process for short-term rental property hosts and managers. Students used AI to help Keepers streamline their all-in-one solution for short-term rental housekeeping operations.

Looma, a leading provider of in-store digital media, announced that it has raised approximately $10 million from a group of family offices, YETI Capital, and current investors. And Looma will use the funding to expand its platform in new and existing retail partners and extend its product offering.