Summus - a leading virtual health company focused in specialty care - recently announced that it raised $19.5 million to support the company’s continued growth and work to solve the access problem to high quality physicians. Following a previous funding round in 2022, Summus has now raised $70 million to expand its innovative approach to care.
Neon is a company that is building open-source cloud-native PostgreSQL. Our architecture separates storage from computing, allowing for stateless and Serverless Postgres. Pulse 2.0 interviewed Neon CEO Nikita Shamgunov to learn more.
Vaxess Technologies - a life sciences company developing a shelf-stable vaccine patch with potential for self-application - recently announced an additional $9 million in venture capital funding, with investors including RA Capital, The Engine, GHIC, and Ulu Ventures. This funding round brings Vaxess’ total equity and non-dilutive funding to more than $80 million.
GXO Logistics (the world’s largest pure-play contract logistics provider) and PFSweb (a tech-enabled e-commerce order fulfillment platform based in the US) recently announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.
Science On Call - an AI-powered help desk for restaurants - recently announced the successful completion of a $2.6 million seed financing round led by York IE, with participation from Bread & Butter Ventures, Relish Works Capital Investments, Groove Capital, Connetic Ventures, Redstick VC, and Phoenix Club. And this investment marks a significant milestone for the company as it continues to pave the way in transforming how restaurants manage their tech challenges.
AuthMind - a leading innovator in Identity SecOps - recently announced it received seed investments led by Ballistic Ventures with strategic participation by IBM Ventures. And AuthMind has over $8.5 million to help organizations uniquely protect against ever-growing identity-driven attacks targeting both managed and unmanaged identities across multi-cloud and on-prem environments.
Vieu – a generative AI company that helps companies succeed at strategic customer wins beyond early unpaid pilots – recently announced that it has raised $2 million in funding. The funding round saw participation from more than 20 marquee angel investors, founders/CEOs, and seasoned GTM executives.
Singtel (Asia's leading communications technology group) and global investment firm KKR reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business. This investment puts the enterprise value of Singtel’s overall regional data center business at S$5.5 billion. Plus, KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.
Writer - a leading full-stack generative AI platform for enterprises - recently announced its Series B funding round of $100 million today. This funding round is being led by ICONIQ Growth with participation from WndrCo, Balderton Capital, and Insight Partners (who led the Series A) and Aspect Ventures (who led the Seed).
Sonera – a company making neural data accessible to the masses through its breakthrough sensing technology – recently exited stealth and announced $11 million in seed funding led by Amplify Partners with participation from Abstract Ventures and existing investors.
Kin - a direct-to-consumer home insurance company built for every new normal - recently announced the closing of a $33 million Series D extension. The funding round was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.
Biodel Ag - a regenerative agriculture company – recently announced closing its Series A financing round led by Pangaea Ventures Ltd, a renowned venture capital firm with a focus on advanced materials and clean technology.
Sempre Health - a leading solution for behavior-based healthcare pricing – recently announced $20 million in additional funding from three new investors, including Cencora Ventures and Echo Health Ventures. And existing investors including the Blue Venture Fund, UPMC Enterprises and Industry Ventures also participated.
Deduce - the only patented technology platform designed for preventing AI-generated identity fraud – recently announced $9 million in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures.
CertifID - a leading wire fraud protection company - recently announced $20 million in a new round of funding. And CertifID’s Series B funding round was led by Arthur Ventures, which also invested in CertifID’s $12.5 million Series A in May 2022.
Pulsora (formerly known as pulsESG) -an all-in-one platform for enterprise sustainability management – recently announced a $20 million Series A round. The funding round was led by Galvanize Climate Solutions, with participation from Carica Sustainable Investments, Sabancı Climate Ventures, Aramco Ventures, JetBlue Ventures, and existing investors FINTOP Capital, Builders VC, and SOMPO Holdings.
SQream - a data and analytics accelerator company built for big data and AI/ML workloads - recently announced the successful completion of a $45 million Series C financing round. The funding round was led by World Trade Ventures, with participation from new and current investors, including Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings.
Zenity - a platform for securing low-code/no-code development - recently announced that it has raised $16.5 million in Series A funding led by Intel Capital and joined by existing investors Vertex Ventures and Upwest, and new investors from Gefen Capital and B5.
SITE Technologies - a leading innovator in asset management and data analytics technology utilizing artificial intelligence and advanced imagery capturing technologies - recently announced that it is excited to announce the successful completion of its Series A funding round, securing $10 million in investment.
Usage.AI - a leader in identifying cloud savings - recently announced that it had raised $9 million in a round led by Amity Ventures and existing investors TenVC, JAM Fund, and Backend Capital. Prominent private investors, including Justin Mateen, led Usage.AI's previous round. The company also quickly became the world's most accessible and fastest way for companies to save money on their cloud spend.
Bold - a leading healthy aging platform - recently announced $17 million in Series A funding led by Rethink Impact, with participation from Samsung Next and existing investors Andreessen Horowitz (a16z) Bio + Health, Khosla Ventures, GingerBread Capital, and Primetime Partners, bringing the total amount raised to $27 million. The funding round will be used to support Bold's continued expansion with national and regional Medicare plans and provider groups, and accelerate the growth of its clinical exercise offerings to support the diverse physical and mental health needs of older adults.
Gable.ai recently announced it's developing the first data collaboration platform to allow software and data developers to build and manage high-quality data assets iteratively. And Gable has secured $7 million in seed funding led by Zetta Venture Partners, Crane Venture Capital, and Essence Venture Capital.
ROAR has a goal of empowering people through technology to help create safer organizations. And its unique panic button technology solutions provide continuous coverage, even in dead-spot areas. Since the solution works independently of the facilities network, it is always on to ensure staff has a lifeline when they need it most. ROAR has chosen major hotel chains and healthcare providers because of its redundancies, ease of use, effortless implementation, and hassle-free maintenance. Pulse 2.0 interviewed ROAR co-founder and CEO Yasmine Mustafa to learn more.
Fuelfinance is a company that makes software for financial management and planning in startups. And the company offers a suite of tools and a personal touch of its financial success managers that can replace an ERP system and a financial department. Pulse 2.0 interviewed Fuelfinance CEO Alyona Mysko to learn more.
Gem Specialty Health - a nationwide digital specialty care clinic - recently announced it has successfully raised a Seed financing round led by HealthTrend Capital, with participation from existing investor Base10 Partners and new investor Mairs & Power Venture Capital. And GEM HEALTH has now raised over $5 million to date.
Ascend Elements - a U.S.-based manufacturer of sustainable engineered battery materials for electric vehicles – recently announced it has raised $542 million in new equity investments, including $460 million in Series D investments and $82 million of additional investments from earlier this year. And Ascend Elements' Series D round was led by Decarbonization Partners, Temasek, and Qatar Investment Authority (QIA). And other investors include Tenaska, Alliance Resource Partners, PULSE - CMA CGM Energy Fund, BHP Ventures, Fifth Wall, Hitachi Ventures, Mirae Asset, At One Ventures, Agave Partners, Alumni Ventures, and other leading global investors.
Spiritus - an innovative climate tech company - recently emerged from stealth mode with a breakthrough in Direct-Air-Capture (DAC) technology. And the company's approach demonstrates drastically improved fundamentals, leading to reduced costs that move the industry closer to achieving carbon removal at less than $100 per ton. Spiritus raised $11 million in a funding round led by Khosla Ventures and other investors, including Page One Ventures, to further develop and scale the technology.