Archives

Diakonos Oncology: $11.4 Million (Seed) Raised To Advance Differentiated Dendritic Cell Vaccine

By Amit Chowdhry ● Aug 26, 2024

Houston-based Diakonos Oncology - a clinical-stage immuno-oncology company - announced the final closing of an oversubscribed seed financing of $11.4 million. This funding round was led by biotechnology investment firm Restem Group, with participation from existing investors.

V2X Signs $747 Million Contract For F-5 Aircraft Maintenance

By Amit Chowdhry ● Aug 26, 2024

V2X announced that it has been awarded a single-award indefinite-delivery/indefinite-quantity contract valued at $747 million. This F-5 aircraft plays a major role in training naval pilots by providing adversary combat tactics and simulation capabilities. And this advanced training environment ensures pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency.

Trace Machina: Simulation Infrastructure Company Raises $4.7 Million (Seed)

By Amit Chowdhry ● Aug 26, 2024

Trace Machina, a company building simulation infrastructure for safety-critical technologies in physical-world AI, launched out of stealth mode with $4.7 million in funding. Wellington Management led the seed funding round with participation from Samsung Next, Sequoia Capital Scout Fund, Green Bay Ventures, and Verissimo Ventures. And angel investors include Clem Delangue (CEO of Hugging Face); Mitch Wainer (Co-Founder of DigitalOcean); Gert Lackriet (Director of Applied Machine Learning at Amazon); and other industry leaders from OpenAI and MongoDB.

General Catalyst Partners Invests $120 Million In Re:Build

By Amit Chowdhry ● Aug 25, 2024

Re:Build Manufacturing is a company with a vision of re-energizing American manufacturing with high-tech design and engineering capabilities across critical industrial sectors like aerospace, healthcare, defense, and cleantech. Core to its mission is creating enduring jobs while strengthening vulnerable supply chains. General Catalyst announced it is investing $120 million to help support Re:Build’s vision.

VividQ: Computational Holography Company Closes $7.5 Million (Series A) In Funding

By Amit Chowdhry ● Aug 25, 2024

VividQ, an innovator in the computational holography space, announced the completion of an additional $7.5 million in Series A funding. This funding round was led by Foresight Group and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors. And this round brings the company’s total funding to over $30 million.

Otto: Travel-Based AI Agent Company Raises $6 Million (Seed)

By Amit Chowdhry ● Aug 25, 2024

Otto, a company that is building an intelligent and autonomous AI travel agent for business travelers, announced that it has raised a $6 million seed round led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry like Erik Blachford (former CEO of Expedia), IAC Travel and Couchsurfing; Barney Harford (former CEO of Orbitz and COO of Uber); and Hugh Crean (CEO of Operix and former CEO of Farecast-acquired by Microsoft).