Archives

TravelPerk Secures $135 Million And Buys AmTrav

By Amit Chowdhry ● Jun 25, 2024

TravelPerk - a hyper-growth global business travel management platform - announced its acquisition of AmTrav, doubling down on its expansion in the US.

Corpay Acquiring Cross-Border Payments Company GPS Capital Markets

By Amit Chowdhry ● Jun 25, 2024

Global corporate payments company Corpay announced that it has signed a definitive agreement to buy GPS Capital Markets. GPS offers business-to-business cross-border and treasury management solutions to upper-middle market companies, primarily in the US.

CesiumAstro: Space Communications Company Secures $65 Million In Series B+

By Amit Chowdhry ● Jun 25, 2024

CesiumAstro, a leading provider of space communications technology, announced the closing of a $65 million Series B+ funding round. This funding round was led by Trousdale Ventures, with matching participation from the Development Bank of Japan (DBJ) and Quanta Computer. Additional investors, including Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures (JLR’s investment arm), Matter Venture Partners, MESH Ventures, and Assembly Ventures also joined the round.

Liquid Instruments: $12 Million Raised To Expand Manufacturing Operations In Australia

By Amit Chowdhry ● Jun 25, 2024

Liquid Instruments, a leading innovator of reconfigurable test instrumentation, announced that it has secured a new round of funding totaling $12 million, featuring a $10 million investment from Breakthrough Victoria, with other investors including Lockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures.

Zilch: Ad-Subsidized Payments Company Raises £100 Million

By Amit Chowdhry ● Jun 25, 2024

Zilch, the first ad-subsidized payments network (ASPN), announced £100 million in securitized debt financing arranged by Deutsche Bank (DB). This financing will enable Zilch to grow its business and accelerate Zilch's ability to create and launch new products for a wider base of customers.

Berg Enterprises: $2.5 Million Raised In Round Led By Antina Capital

By Amit Chowdhry ● Jun 25, 2024

Berg Enterprises announced a $2.5 million funding round, led by Antina Capital and structured as a combination of private debt and equity.

Waabi: AI-Based Self-Driving Technology Company Raises $200 Million

By Amit Chowdhry ● Jun 25, 2024

Waabi, a company developing generative AI for the physical world, announced it has raised $200 million in an oversubscribed Series B round, led by Uber and Khosla Ventures. This funding round includes participation from strategic investors NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. And additional financial investors include HarbourVest Partners, G2 Venture Partners, BDC Capital’s Thrive Venture Fund, Export Development Canada, Radical Ventures, Incharge Capital, and others.

MeetRecord: Revenue Automation Company Closes $2.7 Million In Pre-Series A Funding

By Amit Chowdhry ● Jun 25, 2024

Leading revenue automation platform company MeetRecord announced it raised $2.7 million in Pre-Series A funding. This funding round was led by SWC Global, a venture capital fund based in Singapore, with additional support from existing investor All In Capital.

TPG: Significant Strategic Growth Investment In K2 Medical Research

By Amit Chowdhry ● Jun 25, 2024

Leading global alternative asset management firm TPG announced a significant strategic growth investment in K2 Medical Research, an integrated clinical trial site platform specializing in central nervous system (CNS) trials for leading pharma and biotech sponsors. And TPG is partnering with K2’s management team to continue building a sophisticated research platform. The terms of the deal were undisclosed.

Tiger Infrastructure Partners Fund III: Growth Capital Closed With Acquisition Of Unison Energy

By Amit Chowdhry ● Jun 25, 2024

Tiger Infrastructure Partners, a middle market growth infrastructure investor, announced the acquisition of Unison Energy, a fully integrated Energy-as-a-Service (EaaS) platform that offers behind-the-meter microgrid solutions, including comprehensive power, heating, and cooling solutions to a wide array of end-markets in North America.

TowerBrook Capital Partners: Majority Equity Investment In LiftWerx

By Amit Chowdhry ● Jun 25, 2024

TowerBrook Capital Partners L.P., a New York and London-based international investment firm, announced a majority equity investment in LiftWerx Holdings, a Canada-based operations and maintenance services provider to the onshore wind industry.

Aikido Technologies: Floating Wind Company Closes $4 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

Aikido Technologies, a floating wind startup whose technology lowers costs, reduces fabrication timelines, and brings serial production to the floating wind sector, announced the closing of its oversubscribed $4 million Series Seed investment round. The funding was led by Azolla Ventures, with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others.

Molten Industries: $25 Million In Series A Funding Raised To Convert Natural Gas Into Clean Graphite And Hydrogen

By Amit Chowdhry ● Jun 25, 2024

Molten Industries, a company that converts natural gas into clean graphite and hydrogen, announced the successful closing of a $25 million Series A funding round. This funding round was led by Breakthrough Energy Ventures (BEV), with new participation from Sozo Ventures, Mark Heising, and Steelhead Capital. The existing investors that also participated in the round include Union Square Ventures, 50 Years, J4 Ventures, Moai Capital, UVC Partners, Jane Woodward, and Peter Attia.

Pomerium: NextGen Access Platform Company Raises $13.75 Million In Series A Funding

By Amit Chowdhry ● Jun 25, 2024

Pomerium, a NextGen Access platform, announced it has raised a $13.75 million Series A funding round led by Benchmark. Return investors Bain Capital, Haystack, SNR, and Oleg Rogynskyy (founder of People.AI) also participated in the round. Benchmark general partner Eric Vishria will join the company’s board.

Substrate Labs: AI Infrastructure Company Closes $8 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

AI infrastructure company Substrate Labs announced an $8 million seed round to deliver elegant APIs that enable developers to build more modular AI systems, accelerating a new era of software development. The funding round was led by Lightspeed Venture Partners, with participation from South Park Commons, Craft Ventures, Guillermo Rauch (Vercel), Immad Akhund (Mercury), Will Gaybrick (Stripe), and others.

Humata Health: $25 Million Funding Raised To Create Frictionless Prior Authorization For Providers/Payers

By Amit Chowdhry ● Jun 25, 2024

Humata Health, a company creating frictionless prior authorizations for payers and providers with AI and automation, announced that it closed a $25 million investment. This funding round was led by Blue Venture Fund (representing the majority of BCBS plans) and LRVHealth (representing nearly 30 health systems and payers) with participation from Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood.

YachtWay: How This Company Is Transforming The $10+ Billion Yacht Market

By Amit Chowdhry ● Jun 25, 2024

YachtWay is a leading platform for discovering yachts tailored to desired experiences, which CEO Heigo Paartalu founded. Under Paartalu’s leadership, YachtWay sets industry benchmarks with innovative SaaS solutions, offering a modern MLS+ platform for dealers, brokers, and shipyards. Pulse 2.0 interviewed Paartalu to learn more about the company.

āshibio: Bone And Connective Tissue Disorder Therapy Company Secures $40 Million In Seed And Series A

By Amit Chowdhry ● Jun 25, 2024

āshibio, a privately held biotechnology company developing novel therapeutics for treating bone and connective tissue disorders, exited stealth mode with $40 million in seed and Series A financing. MPM BioImpact led the Series A round, with contributing funds from Agent Capital, YK Bioventures, and Mirae Asset Venture Investment. In connection with the funding, Agent Capital Partner and Co-Founder Preston Noon have joined the Board of Directors.

Wordsmith: AI-Based Legal Assistant Platform Company Closes $5 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

Wordsmith, an AI-based legal assistant platform, announced it has raised $5 million to transform the legal industry and unleash a new generation of hyper-skilled legal professionals. Index Ventures led this seed funding, which was joined by General Catalyst and angel investors, including Skyscanner founder Gareth Williams.

FairNow: AI Governance Software Company Raises $3.5 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

FairNow, a leading McLean, Virginia-based provider of AI governance software, announced that it has secured $3.5 million in a seed funding round. The funding will help FairNow accelerate its mission of equipping enterprises with a governance platform that manages AI-related business and regulatory risks.

M2X Energy: Transportable Gas-To-Liquids Systems Company Raises $40 Million In Series B Funding

By Amit Chowdhry ● Jun 25, 2024

M2X Energy, an end-to-end developer of modular, transportable gas-to-liquid systems that economically produce low-carbon methanol from stranded methane, announced today a $40 million Series B financing round led by Conifer Infrastructure Partners. The existing Series A investors, including Breakthrough Energy Ventures (BEV), Eni Next, Add Ventures by SCG, and Autodesk Foundation, are joining the round.

Vecna Robotics: Flexible Material Handling Automation Solutions Company Raises $100 Million In Series C

By Amit Chowdhry ● Jun 25, 2024

Vecna Robotics, a leader in flexible material handling automation solutions, announced its Series C round closing at $100 million, with $40 million in new funding including equity and debt, nearly doubling the company valuation from the previous round. Tiger Global Management, Proficio Capital Partners, and IMPULSE joined in the round.

American Express Buying Tock ($400 Million) And Rooam (Undisclosed)

By Amit Chowdhry ● Jun 25, 2024

American Express and Squarespace announced an agreement to sell Tock, the reservation, table, and event management technology provider to American Express for $400 million. And American Express also revealed it is buying Rooam.

KKR Buying Superstruct From Providence Equity Partners

By Amit Chowdhry ● Jun 25, 2024

Global investment firm KKR announced the acquisition of Superstruct Entertainment from Providence Equity Partners, a premier private equity firm specializing in growth-oriented investments in media, communications, education, and technology. The financial terms of the transaction were not disclosed.

OpenAI Acquires Database Analytics Company Rockset

By Amit Chowdhry ● Jun 25, 2024

OpenAI announced it has acquired search and database analytics company Rockset to enhance retrieval infrastructure for making AI more helpful. The terms of the deal were undisclosed.

Kinetic: Automotive Infrastructure Company Secures $21 Million In Series B

By Amit Chowdhry ● Jun 25, 2024

Kinetic, an automotive infrastructure company that delivers digital maintenance and servicing for EVs and AVs through its network of service centers, announced it has secured $21 million in Series B funding, led by Menlo Ventures. Other participants in the round include returning investors Lux Capital, Construct Capital, and Haystack Ventures, along with new investors Allstate Strategic Ventures and Liberty Mutual Strategic Ventures.

QpiAI: AI/Quantum Computing Company Raises $6.5 Million In Pre-Series A Funding

By Amit Chowdhry ● Jun 25, 2024

QpiAI announced it closed its first external investment, a pre-series A funding of $6.5 million led by Yournest and SVCL. WFC, Ramesh Radhakrishnan, Ramaswamy Prabhakar, Quick Heal Security founders Kailash Katkar and Sanjay Katkar and their family office, Lakshmi Lakshmeenarayanan, Bhupinder Singh, Pratap Reddy, Sahasra Capital, and other angels also joined the round. Debraj Banerjee from SIDBI Venture Capital will be joining the board of QpiAI as a nominee.

Verituity: Verified Payout Platform Company Secures $18.8 Million In Funding

By Amit Chowdhry ● Jun 25, 2024

Verituity - a leading provider of verified payout solutions - announced the closing of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. In connection with the funding, Chris Zock, Managing Partner and Co-CEO of Sandbox Industries will join Verituity’s board of directors.

CBRE Acquiring Data Center Infrastructure Company Direct Line Global

By Amit Chowdhry ● Jun 25, 2024

CBRE Group announced the acquisition of Direct Line Global, a provider of data center infrastructure for the world’s leading technology companies, from private equity firm Guardian Capital. And the acquisition is expected to be immediately accretive to CBRE’s core earnings-per-share.

Allworth Financial Acquires $220 Million Del Monte Group

By Amit Chowdhry ● Jun 24, 2024

Allworth Financial announced it has acquired Northern California-based Del Monte Group - which brings the firm to 18 California locations and 42 offices nationwide. The financial terms of the agreement were not disclosed.