Archives

Sailes: $5.1 Million Closed To Automate Sales Prospecting With AI

By Noah Long ● Sep 19, 2023

Sailes – an AI startup that developed its patent-pending Sailebots to automate all points in the prospecting lifecycle – recently announced the closing of a $5.1 million Series A funding round led by Lewis & Clark Ventures. The funding round was supported with investments from Acronym Venture Capital and Tenzing Capital and follow-on investment from existing investors KCRise Fund and Valor Ventures. This funding round brings the company's total funding to $6.6 million.

Orbee: $4 Million To Build Data Management Software For The Auto Industry

By Annie Baker ● Sep 19, 2023

Orbee - a leading technology service provider for the automotive industry – recently announced the closing of its oversubscribed Series A financing round, which raised $4 million to drive the growth of the company’s innovative platform for the auto retailing ecosystem, including dealership groups and their technology and service providers.

Actio Biosciences: $55 Million Closed To Make Advances In Precision Medicine

By Noah Long ● Sep 19, 2023

Actio Biosciences - a biotechnology company utilizing a novel platform approach to genetics and precision medicine to develop new therapeutics that target shared underlying biology in both rare and common diseases – recently announced the completion of a $55 million Series A financing. The funding round was led by Canaan and DROIA Ventures, with participation from existing investors Deerfield Management and EcoR1, and new investor Euclidean Capital.

Binalyze: Digital Forensics And Incident Response Company Receives $19 Million

By Noah Long ● Sep 19, 2023

Binalyze - a leading provider of cutting-edge Digital Forensics and Incident Response (DFIR) solutions - recently announced it has raised a $19 million Series A round of funding. Molten Ventures led this funding round with participation from existing investors Earlybird Digital East and OpenOcean, and new strategic investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital.

Mariana Oncology: $175 Million Secured To Drive Radiopharmaceutical Innovation

By Dan Anderson ● Sep 19, 2023

Mariana Oncology - a biotechnology company pioneering a new era of radiopharmaceutical innovation to treat cancers with high unmet needs - recently announced the closing of an oversubscribed $175 million Series B financing co-led by Deep Track Capital and Forbion. Founding investors Atlas Venture, Access Biotechnology, and RA Capital Management are joined by additional new investors Nextech Invest, Surveyor Capital (a Citadel company), and Eli Lilly and Company.

Delos Insurance: Wildfire Science And Satellite Imagery Expertise Company Closes $7.3 Million

By Annie Baker ● Sep 19, 2023

Delos Insurance Solutions - a company that uses wildfire science and satellite imagery expertise to solve homeowners' wildfire insurance availability issues - recently announced a $7.3 million seed extension round. This funding round enables the company's expansion in the California homeowners' insurance market.

Heliene: Solar PV Module Company Pulls In $170 Million In Funding

By Noah Long ● Sep 19, 2023

Heliene - a customer-first provider of North American-made solar PV modules - recently announced it closed $170 million in funding led by a group of key partners and customers. The funding round includes $20 million in equity and $150 million of debt, to be utilized for Heliene’s expansion and creating well-paying jobs in manufacturing within the clean energy transition.

ReSeed: $4.6 Million Secured To Bring Carbon Credits From Smallholder Farmers To The Market

By Noah Long ● Sep 19, 2023

AI-powered regenerative nature-based services provider ReSeed recently announced a seed raise of $4.6 million led by One Small Planet. And additional investors include Thorn Partners and a mix of angel investors, including Baratunde Thurston and Elizabeth Stewart. This capital raise enables ReSeed to expand further into the commercial market.

Carenostics: Healthcare AI Company Focused On Undertreated Chronic Disease Closes $5 Million

By Annie Baker ● Sep 19, 2023

Carenostics - a pioneering healthcare AI startup tackling undiagnosed and undertreated chronic disease - recently announced that it has successfully closed a $5 million seed funding round led by M13.

Sonex Health: $40 Million Raised To Help Treat Common Orthopedic Syndromes Affecting Extremities

By Annie Baker ● Sep 19, 2023

Sonex Health - a leader in the ultrasound-guided treatment of common orthopedic syndromes affecting the extremities - recently announced the closing of a Series B funding round, raising $40 million.

Generate:Biomedicines: $273 Million Received For Advancing Generative AI Of Protein Therapeutics

By Amit Chowdhry ● Sep 19, 2023

Generate:Biomedicines - a clinical-stage biotherapeutics company pioneering a machine-learning-powered generative biology platform - recently announced that it has raised $273 million in Series C financing. This funding round attracted many new investors including Amgen; NVentures, NVIDIA’s venture capital arm; MAPS Capital (Mirae Asset Group); and Pictet Alternative Advisors.

Exostellar: Cloud Resource Optimization Brings In $15 Million In Funding

By Annie Baker ● Sep 19, 2023

Exostellar - an innovative cloud resource optimization and management platform - recently announced the closing of its oversubscribed $15 million Series A financing led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners (Alpha Intelligence Capital's U.S.-based fund). Exostellar is prepared to propel its pioneering technology into the AI-GPU domain with this funding round.

Verdane: European Specialist Growth Firm Closes Oversubscribed Capital XI Fund At €1.1 Billion

By Amit Chowdhry ● Sep 19, 2023

Verdane - a European specialist growth investment firm - recently announced the successful final close of Verdane Capital XI at its hard cap of €1.1 billion, almost doubling the size of the predecessor fund.

Texas Capital Provides $100 Million Revolving Credit Facility To Unlock Technologies And Saluda Grade

By Dan Anderson ● Sep 19, 2023

Unlock Technologies (a leading home equity investment technology company) and Saluda Grade (a private alternative real estate investment firm) have secured a $100 million revolving credit facility led by Texas Capital Bank. This revolving credit facility will provide Saluda Grade with additional capital to purchase home equity agreement (HEA) contracts to serve the growing needs of its HEA investments.

EquipmentShare: Construction Technology And Equipment Solutions Provider Pulls In $150 Million Funding Round

By Noah Long ● Sep 19, 2023

EquipmentShare - an equipment and digital solutions provider serving the construction industry - recently announced that it has completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners.

Summus: Virtual Specialty Care Company Raises $19.5 Million

By Annie Baker ● Sep 19, 2023

Summus - a leading virtual health company focused in specialty care - recently announced that it raised $19.5 million to support the company’s continued growth and work to solve the access problem to high quality physicians. Following a previous funding round in 2022, Summus has now raised $70 million to expand its innovative approach to care.

Neon: This Company Separated Storage And Computing For Making On-Demand Scalability Easier

By Amit Chowdhry ● Sep 19, 2023

Neon is a company that is building open-source cloud-native PostgreSQL. Our architecture separates storage from computing, allowing for stateless and Serverless Postgres. Pulse 2.0 interviewed Neon CEO Nikita Shamgunov to learn more.

Vaxess: $9 Million Raised To Create Shelf-Stable Vaccine Patches

By Dan Anderson ● Sep 18, 2023

Vaxess Technologies - a life sciences company developing a shelf-stable vaccine patch with potential for self-application - recently announced an additional $9 million in venture capital funding, with investors including RA Capital, The Engine, GHIC, and Ulu Ventures. This funding round brings Vaxess’ total equity and non-dilutive funding to more than $80 million.

Why GXO Is Buying PFSweb For $181 Million

By Amit Chowdhry ● Sep 18, 2023

GXO Logistics (the world’s largest pure-play contract logistics provider) and PFSweb (a tech-enabled e-commerce order fulfillment platform based in the US) recently announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

Science On Call: $2.6 Million Closed To Develop AI-Powered Help Desk For Restaurants

By Amit Chowdhry ● Sep 18, 2023

Science On Call - an AI-powered help desk for restaurants - recently announced the successful completion of a $2.6 million seed financing round led by York IE, with participation from Bread & Butter Ventures, Relish Works Capital Investments, Groove Capital, Connetic Ventures, Redstick VC, and Phoenix Club. And this investment marks a significant milestone for the company as it continues to pave the way in transforming how restaurants manage their tech challenges.

AuthMind: Identity SecOps Company Closes Over $8.5 Million In Total Funding

By Annie Baker ● Sep 18, 2023

AuthMind - a leading innovator in Identity SecOps - recently announced it received seed investments led by Ballistic Ventures with strategic participation by IBM Ventures. And AuthMind has over $8.5 million to help organizations uniquely protect against ever-growing identity-driven attacks targeting both managed and unmanaged identities across multi-cloud and on-prem environments.

Vieu: $2 Million Secured To Offer AI-Generated Execution Sales Plans

By Noah Long ● Sep 18, 2023

Vieu – a generative AI company that helps companies succeed at strategic customer wins beyond early unpaid pilots – recently announced that it has raised $2 million in funding. The funding round saw participation from more than 20 marquee angel investors, founders/CEOs, and seasoned GTM executives.

KKR Buying 20% Stake In Singtel’s Regional Data Center Business For About $800 Million

By Amit Chowdhry ● Sep 18, 2023

Singtel (Asia's leading communications technology group) and global investment firm KKR reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business. This investment puts the enterprise value of Singtel’s overall regional data center business at S$5.5 billion. Plus, KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.

Writer: Full-Stack Enterprise Generative AI Platform Raises $100 Million

By Amit Chowdhry ● Sep 18, 2023

Writer - a leading full-stack generative AI platform for enterprises - recently announced its Series B funding round of $100 million today. This funding round is being led by ICONIQ Growth with participation from WndrCo, Balderton Capital, and Insight Partners (who led the Series A) and Aspect Ventures (who led the Seed).

Sonera: $20 Million Secured To Make Neural Data Access To The Masses

By Annie Baker ● Sep 18, 2023

Sonera – a company making neural data accessible to the masses through its breakthrough sensing technology – recently exited stealth and announced $11 million in seed funding led by Amplify Partners with participation from Abstract Ventures and existing investors.

Arialys Therapeutics: $58 Million In Funding Raised To Develop Precision Medicines For Autoimmune Neuropsychiatric Diseases

By Annie Baker ● Sep 18, 2023

Arialys Therapeutics - a biotechnology company pioneering new therapeutics for autoimmune neuropsychiatry – recently announced the close of $58 million in seed financing.

Sierra Ventures: Fund XIII Exceeds Target At $265 Million

By Amit Chowdhry ● Sep 18, 2023

Sierra Ventures recently announced the closing of their 13th fund at $265 million, exceeding its target.

Kin: D2C Home Insurance Company Secures $33 Million In Series D Extension

By Noah Long ● Sep 18, 2023

Kin - a direct-to-consumer home insurance company built for every new normal - recently announced the closing of a $33 million Series D extension. The funding round was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.

Biodel: Regenerative Agriculture Closes Series A Funding From Pangaea Ventures

By Noah Long ● Sep 18, 2023

Biodel Ag - a regenerative agriculture company – recently announced closing its Series A financing round led by Pangaea Ventures Ltd, a renowned venture capital firm with a focus on advanced materials and clean technology.

Sempre Health: $20 Million Raised To Help Reduce What Patients Pay For Medications

By Noah Long ● Sep 18, 2023

Sempre Health - a leading solution for behavior-based healthcare pricing – recently announced $20 million in additional funding from three new investors, including Cencora Ventures and Echo Health Ventures. And existing investors including the Blue Venture Fund, UPMC Enterprises and Industry Ventures also participated.