Archives

MB2 Dental: $2.344 Billion Unitranche Debt Facility Raised From KKR

By Amit Chowdhry ● Feb 16, 2024

Leading dental partnership organization (DPO), MB2 Dental has closed a US$2.344 billion unitranche debt facility with credit vehicles and accounts managed by KKR - which acted as Lead Investor and Arranger on the transaction.

Narrative Strategies Signs Partnership With Clarion Capital Partners

By Amit Chowdhry ● Feb 16, 2024

Narrative Strategies (an integrated public affairs and corporate reputation agency) announced it had accepted a strategic investment from Clarion Capital Partners. And Narrative's executive partners will maintain a significant ownership stake in the company and continue leading operations, with founding partner Ken Spain serving as CEO.

Armilla AI: Assurance Platform Company Secures $4.5 Million In Funding

By Amit Chowdhry ● Feb 16, 2024

Armilla AI (an assurance platform providing trust in AI through product verification and warranties) announced $4.5 million in seed funding to scale risk assurance products for AI and de-risk AI adoption for enterprises. Mistral Venture Partners led this funding round with participation from MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, and Y Combinator and insurance providers Greenlight Re and Chaucer. The funding round will enable the expansion of Armilla Guaranteed (a quality assessment and performance guarantee for AI products).

Vista Equity Partners Names Dan Parant As Global Head of Private Wealth Solutions

By Amit Chowdhry ● Feb 16, 2024

Vista Equity Partners (a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses) announced the appointment of Dan Parant as Managing Director and Global Head of Private Wealth Solutions. In this new position, Parant will report to Vista’s Global Head of Capital and Partner Solutions, Greg Myers, and will accelerate Vista’s efforts to expand access to investing in private technology companies for financial advisors and their clients globally.

.406 Ventures: $265 Million Fund V Closed

By Amit Chowdhry ● Feb 16, 2024

Early-stage VC firm .406 Ventures announced that it has raised $265 million in capital commitments for Point 406 Ventures V, L.P., the firm’s fifth core fund. In raising the fund, .406 Ventures received strong interest from new and longstanding limited partners, including leading university endowments, foundations, pension plans, and strategic investors.

Securin: Enabling Companies To Analyze All Vulnerabilities At Scale

By Amit Chowdhry ● Feb 16, 2024

Securin is a company that is obsessed with helping leaders continuously improve their security posture. The company partners with its customers using tech-enabled services, including Attack Surface Management, Vulnerability Management, Pentesting and Vulnerability Intelligence. Pulse 2.0 interviewed Securin’s president and chief operating officer, Rahul Kannan, to learn more about the company.

NextPoint Therapeutics Closes $42.5 Million To Develop New Class Of Precision Oncology Therapeutics

By Amit Chowdhry ● Feb 16, 2024

NextPoint Therapeutics - a clinical-stage biotechnology company developing a new class of precision oncology therapeutics targeting the novel HHLA2 pathway - announced the closing of a $42.5 million Extension to its Series B financing round resulting in a total of $122.5 million raised in the Series B financing.

Armis Buying AI Cybersecurity Company CTCI: Details

By Amit Chowdhry ● Feb 16, 2024

Armis (asset intelligence cybersecurity company) announced it agreed to acquire CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology. In a private deal that closed this week, Armis has acquired all of CTCI technology and employees, expecting to merge the company with Armis over the next 30 days.

Overworld: Game Studio Company Closes $10 Million In Seed Funding

By Amit Chowdhry ● Feb 16, 2024

Overworld – a game studio company that is building high-quality, cross-platform multiplayer RPGs – announced it has closed a seed round of $10 million, led by Hashed along with The Spartan Group, Sanctor Capital and Galaxy Interactive, with notable participation from Hashkey, Big Brain Holdings and Foresight Ventures, to accelerate development on a multiplayer role-playing experience enhanced with digital collectibles.

Hippo Harvest: Controlled Environment Agriculture Company Raises $21 Million

By Amit Chowdhry ● Feb 16, 2024

Hippo Harvest - a controlled environment agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably grown produce - announced the closing of its $21 million Series B funding round led by Standard Investments. And Congruent Ventures, Amazon's Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also joined the round. This funding round will scale the company's greenhouse operations and expand its product offerings into new categories of leafy greens.

Rasa: Generative Conversational AI Company Raises $30 Million

By Amit Chowdhry ● Feb 16, 2024

Rasa (a leading generative conversational AI platform) announced the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures.

Latigo Biotherapeutics: $135 Million Raised To Develop Non-Opioid Pain Medicines

By Amit Chowdhry ● Feb 16, 2024

Latigo Biotherapeutics (a clinical-stage biotechnology company developing best-in-class non-opioid pain medicines that target pain at its source) announced its emergence from stealth with a $135 million Series A financing. Westlake Village BioPartners incubated the company. And Westlake led the Series A financing with 5AM Ventures and Foresite Capital as co-leads with participation from Corner Ventures.

Architect Financial Technologies: $12 Million Funding Raised For Expanding Derivatives Brokerage And Trading Technology

By Amit Chowdhry ● Feb 16, 2024

Architect Financial Technologies (an emerging leader in derivatives brokerage services and trading technology) announced it has closed a $12 million capital raise. And with the completion of the new round, the company raised $17 million since its inception in January 2023.