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Trio Mobil: AI-Based Workplace Safety Company Raises $26.5 Million

By Amit Chowdhry ● Jul 30, 2024

Trio Mobil (a leading provider of AI and IoT solutions for workplace safety and efficiency) announced it has secured $26.5 million in growth financing led by NewSpring through its dedicated growth equity strategy NewSpring Growth. Existing investors 212 and TIBAS Ventures also joined in the round.

New Frontier Raises Funding To Help SMBs Find Credit And Debt Options

By Amit Chowdhry ● Jul 30, 2024

New Frontier Funding, a pioneer in utilizing generative AI to help small and medium-sized businesses (SMBs) find credit and debt funding, announced it has closed a significant round of growth capital from the Homsher Family Office.

Pindrop: Voice Authentication And Security Company Raises $100 Million

By Amit Chowdhry ● Jul 30, 2024

Pindrop (a leader in voice authentication and security) announced it has secured $100 million in debt financing from Hercules Capital. This funding will enable Pindrop to develop its audio, voice further, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.

Truvian Health: Lab-Accurate Results Company Raises $74 Million

By Amit Chowdhry ● Jul 30, 2024

Truvian Health announced it is redefining the current global infrastructure through its novel platform, creating a world where central laboratory equivalent blood tests are available anywhere you go. Truvian raised $74 million in funding to be used in part to secure US Food and Drug Administration (FDA) clearance for its blood testing platform. The latest funding round was co-led by Wittington Ventures and Great Point Ventures, with strong support from existing investors, including DNS Capital, Medical Excellence Capital, Tao Capital, TYH Capital, and 7wireVentures.

Cloverleaf Infrastructure Secures Over $300 Million In Commitments

By Amit Chowdhry ● Jul 30, 2024

Cloverleaf Infrastructure announced that it secured capital commitments totaling over $300 million from private equity investors NGP and Sandbrook Capital, along with contributions from its management team.

EdgeRunner AI Closes $5.5 Million In Seed Funding

By Amit Chowdhry ● Jul 30, 2024

EdgeRunner AI, a new company building Generative AI for the edge, recently announced its official launch and the closing of a $5.5 million seed funding round led by Four Rivers Group with participation from Madrona Ventures and strategic angels.

The Exigent Group Buying Smith-Boughan And Electrical Automation Services

By Amit Chowdhry ● Jul 30, 2024

Leading lower middle-market private equity firm Huron Capital announced its portfolio company The Exigent Group acquired Smith-Boughan Mechanical along with Electrical Automation Systems (EASI) in a separate deal.

Loyal: Digital Patient Engagement Company Raises $33.5 Million

By Amit Chowdhry ● Jul 30, 2024

Loyal, a healthcare technology company focused on digital patient engagement, announced it has closed on a $33.5 million Series B financing. The funding round included support from existing investors, Concord Health Partners, and multiple strategic investors.

Gcore: Cloud And AI Security Solutions Company Raises $60 Million

By Amit Chowdhry ● Jul 30, 2024

Gcore, a global edge AI, cloud, network, and security solutions provider, announced it has secured $60 million in Series A funding from institutional and strategic investors. The funding round was led by Wargaming and with participation from Constructor Capital and Han River Partners.

KKR Buying Fire Equipment Inspection Company Marmic Fire & Safety

By Amit Chowdhry ● Jul 30, 2024

Leading global investment firm KKR announced that its investment funds have acquired Marmic Fire & Safety, a leading provider of regulation-mandated fire equipment inspection, testing, and maintenance services from HGGC. The financial terms were not disclosed.

Powder: Fintech Company Closes $5 Million In Funding

By Amit Chowdhry ● Jul 30, 2024

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, announced that it has closed on a $5 million seed round, which will enable the company to continue scaling its technology, taking advantage of the AI boom that is rapidly transforming industries.

SupportNinja: Offering Customer Experience and Back-Office Outsourcing Solutions In A $200+ Billion Market

By Amit Chowdhry ● Jul 30, 2024

SupportNinja provides customer experience and back-office outsourcing solutions for tech companies and startups around the world. Pulse 2.0 interviewed SupportNinja CEO Craig Crisler to learn more about the company.