Archives

Spellbook: Legal AI Startup Company Raises $20 Million

By Amit Chowdhry ● Jan 24, 2024

Spellbook – an AI copilot for lawyers - announced today a $20 million Series A funding round led by Inovia Capital. And Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round, which now brings Spellbook’s total funding to over $30 million.

CPM Holdings: $400 Million Raised From Koch Equity Development

By Amit Chowdhry ● Jan 24, 2024

CPM Holdings - a leading global supplier of engineered process equipment for animal feed, oilseed processing, extrusion, and thermal processing markets - announced a $400 million strategic equity investment from Koch Equity Development LLC (KED), the principal investing and acquisition arm of Koch Industries. The investment proceeds will fund a distribution to the company's existing equity holders.

Welligence Energy Analytics: Energy Data And Intelligence Company Secures $41 Million

By Annie Baker ● Jan 24, 2024

Welligence Energy Analytics - a market-leading energy data & intelligence firm specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS) – recently announced it had raised $41 million in growth capital. The funding round, representing a minority stake in the company, was led by Elephant with participation from Veriten, EDG Group, and several high-profile executives from the energy, information services, and enterprise software industries.

Clerk: React-Friendly Authentication Solution Company Raises $30 Million

By Noah Long ● Jan 24, 2024

Clerk – a developer tools company known for its React-friendly authentication solution – announced it raised $30 million in Series B financing led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona. The funding will be used to expand its service beyond authentication, which identifies who a user is, and into authorization, which determines the permissions a user has.

Bagel Network: Decentralized ML Data Network Company Secures $3.1 Million

By Amit Chowdhry ● Jan 24, 2024

Bagel Network - a decentralized Machine Learning data network at the intersection of AI and web3 –announced the successful closure of a $3.1 million pre-seed fundraising round. CoinFund led the funding round with participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC.

TARA Mind: $8 Million Secured To Expand Access To Mental Health Therapeutics

By Amit Chowdhry ● Jan 24, 2024

TARA Mind - a public benefit corporation focused on creating access to safe and effective ketamine-assisted therapy (KAT) as a covered benefit for employees - announced that the company has raised $8 million, led by Satori Neuro. Additional investors participating in the oversubscribed round were Echo Investment Capital, Crumpton Ventures, Empath Ventures, and Blake Mykoskie (Founder of TOMS).

AiDash: $50 Million Raised To Make Critical Infrastructure Industries Climate Resilient

By Amit Chowdhry ● Jan 24, 2024

AiDash - an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI - announced that it received $50 million in funding, bringing the total raised to date to $83 million. And the Series C funding round was oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.

Masa Network: Decentralized Data Marketplace Company Raises $5.4 Million

By Noah Long ● Jan 24, 2024

Masa Network – a builder of the leading decentralized data marketplace - announced $5.4 million in its Seed Fundraising Round led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan. And additional investors include Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.

Why Apkudo Is Buying Mobile reCell

By Amit Chowdhry ● Jan 24, 2024

Apkudo – a leader in supply chain automation for connected devices – recently announced it has acquired Mobile reCell, the pioneer of software-driven IT asset recovery for corporate-owned IT assets. And the combination of Mobile reCell's software-driven recovery of corporate-owned IT assets and Apkudo's existing solution portfolio sets a new standard for the connected device supply chain.

Norm Ai: Regulatory AI Agent Platform Company Closes $11.1 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Norm Ai announced it has built the first Regulatory AI Agent platform and is now serving Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. And Norm Ai raised an $11.1 million seed round, led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, Atypical Ventures, and AI researchers like the founding CEO of the Allen Institute for AI.

Why Sanofi Is Buying Inhibrx For Up To $2.2 Billion

By Annie Baker ● Jan 24, 2024

Sanofi and Inhibrx - a publicly traded clinical-stage biopharmaceutical company focused on developing a broad pipeline of novel biologic therapeutic candidates – announced it has entered into a definitive agreement under which Sanofi has agreed to acquire Inhibrx following the spin-off of non-INBRX-101 assets into New Inhibrx.

Ascential Technologies: Developing And Automating Complex Processes Across Various Sectors

By Amit Chowdhry ● Jan 24, 2024

Ascential Technologies is a company that designs, develops, and automates complex diagnostics, inspection, and test processes across medical & life sciences, transportation, and specialty industrial end markets. Pulse 2.0 interviewed Ascential Technologies CEO Jeff Moss to learn more about the company.

Dan Doromal: How This Entrepreneur Built Up A Rapidly Growing Ice Vending Business

By Amit Chowdhry ● Jan 24, 2024

Dan Doromal is a self-made entrepreneur and the founder of Everest Ice and Water Systems. Pulse 2.0 interviewed Doromal to learn more about his company.

Farmers Edge To Go Private In Deal With Fairfax

By Noah Long ● Jan 24, 2024

Farmers Edge announced that it has entered into an arrangement agreement with 15635594 Canada, a newly-formed subsidiary of the company's majority shareholder, Fairfax Financial Holdings Limited (FFHL) and FFHL, as guarantor, in respect of a transaction whereby 15635594 Canada will acquire all of the common shares in the capital of Farmers Edge, other than those common shares owned by FFHL and its affiliates and the Farmers Edge Chief Executive Officer at a purchase price of C$0.35 per common share, payable in cash.

Fusemachines To Go Public Through Merger With CSLM Acquisition

By Amit Chowdhry ● Jan 24, 2024

Fusemachines - a leading provider of enterprise AI products and solutions, and CSLM Acquisition Corp. (a special purpose acquisition company), announced the signing of a definitive agreement for a business combination that is expected to result in Fusemachines becoming a public company. Upon closing the deal, subject to approvals by CSLM's stockholders and Fusemachines stockholders and other customary closing conditions, the combined company is expected to list on Nasdaq under the ticker symbol "FUSE."

Netflix Becoming Home For WWE ‘Raw’ In 2025 In A $5+ Billion Deal

By Amit Chowdhry ● Jan 23, 2024

SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

By Annie Baker ● Jan 23, 2024

SmithRx - a next-generation pharmacy benefits management (PBM) company - announced it closed a $60 million Series C financing round.

TravelPerk: Business Travel Management Platform Company Raises Over $100 Million

By Amit Chowdhry ● Jan 23, 2024

Business travel management platform TravelPerk announced today that it has closed an additional $104 million investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital.

Why Angeles Equity Partners Is Buying Acieta From Mitsui

By Amit Chowdhry ● Jan 23, 2024

An affiliate of Angeles Equity Partners, LLC - a private investment firm focused on value creation through operational transformation - announced the acquisition of Acieta LLC, a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.). This deal marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage.

Myriad Venture Partners: $100 Million In Initial Capital Commitments Closed

By Amit Chowdhry ● Jan 23, 2024

Myriad Venture Partners - an early-stage venture firm focused on AI, clean technology, and B2B software - announced the launch of the firm with $100 million of initial capital commitments from investors, including Xerox as an anchor investor. Myriad utilizes its network of corporate partners and top-tier venture capitalists to build mutually beneficial partnerships with cutting-edge businesses and founders. The firm is targeting investor commitments of $200 million for Fund I.

Neatleaf: Cultivation Management Platform Company Raises $4 Million

By Noah Long ● Jan 23, 2024

Neatleaf - a first-of-its-kind cultivation management platform that uses data, AI, and robotics to help the cultivation industry manage their crops and improve their yields - recently announced that it has secured $4 million led by AgFunder, one of the world's most active food-tech and agriculture-tech investors.

Accent Therapeutics: $75 Million To Pioneer A New Class Of Small Molecule Precision Cancer Therapies

By Amit Chowdhry ● Jan 23, 2024

Accent Therapeutics - a biopharmaceutical company pioneering a new class of small molecule precision cancer therapies - recently announced the completion of a $75 million Series C financing. The funding was led by Mirae Asset Capital Life Science, with participation from other new investors, Mirae Asset Capital, Mirae Asset Venture Investment, Bristol Myers Squibb and Johnson & Johnson Innovation – JJDC and all existing investors, including The Column Group, Atlas Venture, Droia Ventures, GV, EcoR1 Capital, AbbVie Ventures, The Mark Foundation for Cancer Research, Timefolio Capital (formerly known as NS Investment) and others.

ForthStar Games: Golf Clash Maker Company Reveals $10 Million In Funding

By Dan Anderson ● Jan 23, 2024

Playdemic founders Paul Gouge and Alex Rigby recently announced ForthStar, their next mobile free-to-play game studio. Following the run-away, critical and commercial success of Golf Clash and the studio’s subsequent sale to Electronic Arts for a record-breaking $1.4 billion, both are now entirely focused on building ForthStar. Bringing together the best talent in the industry to build games with creativity, innovation, and great gameplay at heart.

Why Monomoy Is Buying EnviroTech Services

By Noah Long ● Jan 23, 2024

Monomoy Capital Partners - a private investment firm focused on private equity and credit investing in the middle market - announced the acquisition of EnviroTech Services, a leading value-added distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colorado.

TPG To Invest In G&A Partners

By Annie Baker ● Jan 23, 2024

G&A Partners (a leading human resources and technology services platform) announced that TPG (a leading global alternative asset management firm) has partnered with the G&A management team and employees to invest in G&A Partners. TPG invests in the business through TPG Capital, its U.S. and European private equity platform.

CardioSignal: $10 Million Raised To Develop Solutions For Early Detection Of Heart Diseases

By Amit Chowdhry ● Jan 23, 2024

CardioSignal announced the closing of $10 million in Series A funding today, led by DigiTx Partners, with participation from Sandwater and existing investor Maki.vc. And David J. Kim, M.D., managing director of DigiTx, will be joining the board.

Albedo: $35 Million Closed To Offer Aerial Quality Imagery From Space

By Amit Chowdhry ● Jan 23, 2024

Albedo - a company to offer aerial quality imagery from space enabled by the new orbit frontier of VLEO (very low earth orbit) - announced a $35 million Series A-1 financing round led by Standard Investments, bringing the company’s total funding to $97 million.

PhageLab: $11 Million Secured For Developing Bacteriophage Solutions To Treat Livestock Bacterial Outbreaks

By Noah Long ● Jan 23, 2024

PhageLab - a biotechnology company developing bacteriophage-based applications to seek and destroy multidrug resistant bacteria in the livestock industry - announced today a $11 million funding round with investment from Nazca, Collaborative Fund, Water Lemon Ventures and individual investor Kevin Efrusy.

Ansel: $20 Million Raised To Bring Supplemental Insurance To Americans

By Annie Baker ● Jan 23, 2024

Ansel - an insurtech company to build a world where health hardships do not create financial burdens - announced recently that it had raised $20 million in funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

Bluewhite: Agricultural Robot-As-A-Service Company Raises $39 Million

By Annie Baker ● Jan 23, 2024

Bluewhite - an agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming - recently announced that it secured $39 million in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. And existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round.