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Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.

e-Zinc, a company enabling sustainable, long-duration energy storage with its zinc-air battery, announced it has raised an additional $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 funding round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. Plus, e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ontario.

Madison Dearborn Partners (MDP), a leading private equity investment firm based in Chicago which has raised aggregate capital of over $31 billion since 1992, announced that funds affiliated with MDP have made a strategic investment in Omni Federal. Omni is a founder-led and high-growth provider of innovative and intuitive mission and enterprise software solutions to the U.S. Department of Defense (DoD) and the Intelligence Community (IC). The members of Omni’s management team will retain a significant ownership position and continue to lead the company.

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A funding at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal.

Faropoint, a tech-enabled, US industrial real estate investment manager, announced the final closing of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.

Digital business company Altimetrik announced that it has signed a definitive agreement for TPG to make a majority investment in the company.

Global investment firm Carlyle announced the launch of a new evergreen private equity strategy Carlyle AlpInvest Private Markets SICAV (CAPM SICAV), offering investors worldwide – except the US – access to a global portfolio of private markets investments by leveraging Carlyle's Global Investment Solutions business AlpInvest.

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.‍ And Victor Lazarte from Benchmark has joined the board of directors.

Huntress, a pioneering force in cybersecurity for small businesses to small enterprises and the Service Providers that support them, announced it closed $150 million Series D funding round led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures.

Ability Biologics announced the final closing of its seed funding, raising a total of $18 million, a financing round led by founding investor Amplitude Ventures. Amplitude is joined by the Fonds de solidarité FTQ, Investissement Québec, Charles River Laboratories, Theodorus and Alexandria Venture Investments.

Pomelo Care, a virtual medical practice that improves maternal and newborn health outcomes, announced $46 million in Series B funding led by existing investors First Round Capital and Andreessen Horowitz (a16z) Bio + Health. Pomelo will use this funding round to accelerate its partnerships with payors nationwide to address the root causes of the maternal health crisis.

The Picklr, which is North America's fastest-growing indoor pickleball franchise, closed their Series B financing with a valuation of $59 million, bringing the total raised by The Picklr to $9 million. Led by Pickleball Inc., the parent company to the largest pickleball brands in the world, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt, the Series B funding round ensures rapid growth and several pickleball sectors and solidifies The Picklr's place among top pickleball franchises for both franchisees and pickleball enthusiasts.

H.I.G. Capital, a global alternative asset management firm with $64 billion of capital under management, announced the closing of H.I.G. Infrastructure Partners. This fund closed with aggregate capital commitments of approximately $1.3 billion.

Sidley announced that Shane Goudey has joined the Palo Alto office as a partner in the firm’s Investment Funds practice to lead the firm’s venture capital fund formation practice. Before joining Sidley, he was a Venture Funds partner at Cooley LLP.

TrackLight, an AI-based fraud detection and prevention company, announced the launch of a groundbreaking platform for combating fraud across government and corporate sectors. And the company also revealed a $3 million seed funding investment, led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.

Rapafusyn Pharmaceuticals, a leader in the discovery and development of therapeutic drugs based on non-degrading molecular glues, announced the initial closings of an extension of its Series A financing, bringing the total round to $28 Million. The funding was led by 3E Bioventures Capital and Proxima Ventures Ltd. with participation from Lapam Capital.

Elion Therapeutics, a biotechnology company focused on transforming the treatment of life-threatening invasive fungal infections (IFIs), announced it has closed a $81 million Series B funding round led by Deerfield Management and the AMR Action Fund. Illinois Ventures was an additional investor.

Princeton NuEnergy (PNE), a leader in lithium-ion battery direct recycling furthering America's circular economy, announced it closed a Series A funding round with a strategic investment from Samsung Venture Investment (Samsung's corporate venture arm), investing in breakthrough technologies across industries and from Helium-3 Ventures. The investor demand for this 50% oversubscribed round brought PNE's Series A total to $30 million. Samsung Venture and Helium-3 join the round's previous investors, which includes Honda Motor, LKQ, SCG Group, Traxys Group, and Wistron.

Kinderhook Industries announced the final closing of Kinderhook Capital Fund 8, L.P. with total capital commitments of $2.75 billion, inclusive of $250 million in commitments from the general partner and its operating partner network. And after holding a first close in April 2024, the Fund 8 exceeded its target of $2.0 billion and was significantly oversubscribed.

Wilya (formerly known as Gig and Take), a B2B SaaS company transforming traditional HR practices in the manufacturing and supply chain sectors, announced the successful closing of a $4 million seed funding round. This funding round was led by Ironspring Ventures, with participation from Schematic Ventures, Plug & Play Ventures, Iron Prairie Ventures, Motivate Ventures, and 25Madison.

OCON Therapeutics, a company at the forefront of transforming drug delivery, announced the successful completion of a $10 million investment round. This funding round was led by RH Capital, with participation from Features Capital, Astia Angels, Exerte Partners, grants from the Israeli Innovation Authority and other business angels.

SoSoValue, a Singapore-based crypto financial research startup, announced it has closed a $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. A Gitcoin co-founder, an Ethereum early investor, and founders of top Web3 and AI tech firms also joined the round.

BillionToOne, a next-generation molecular diagnostics company, announced that it has raised $130 million in an oversubscribed and upsized Series D round. This funding was led by Premji Invest, with significant participation by another incoming investor Neuberger Berman along with existing investors, including Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years.

S&P Global announced today that its Board of Directors has unanimously elected Martina Cheung, S&P Global's current President of S&P Global Ratings, to succeed Douglas Peterson as the company's President and Chief Executive Officer, effective November 1, 2024. Cheung has also been appointed a member of the Board, effective July 1, 2024. Peterson will remain on the Board until May 2025 and be a special advisor to the company until December 31, 2025. 

Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, today announced a definitive agreement under which Nokia will buy Infinera in a deal valuing the company at $6.65 per share or an enterprise value of $2.3 billion.

Banking app company Chime announced that it acquired Salt Labs, an enterprise technology company focused on helping hourly workers on the long-term value of their work. The terms of the deal were undisclosed.

Talkiatry, a leading provider of high-quality, in-network psychiatric care, announced a $130 million equity and debt financing as part of a Series C round. This equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors, and debt financing was provided by Banc of California.

Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, announced a $125 million investment led by global growth equity investor Summit Partners. Existing investor Innova Capital is also participating in the round, along with experienced financial technology executive John Coughlin, a former senior executive with Corpay.

Butterflies AI, a social media platform enabling humans and AIs to co-exist, announced the public launch of its platform after five months in beta. To support rapid consumer interest, the company has raised a $4.8 million seed round led by Coatue with participation from SV Angel and several strategic angels, many of whom are former Snap product and engineering leaders.

GIST Impact, a leading provider of impact data and analytics, announced an investment from UBS Next, which is the leading universal Swiss bank’s venture and innovation unit.