Archives

Sayari: Supply Chain Risk Intelligence Provider Company Raises $228 Million

By Amit Chowdhry ● Jan 18, 2024

Sayari - a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions - and TPG (a global alternative asset management firm) announced that they have signed a definitive agreement for TPG Growth - which is the firm’s middle market and growth equity platform - to make an up to $228 million strategic majority investment in Sayari. Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

Zip Closes $225 Million Debt Facility With Victory Park Capital

By Annie Baker ● Jan 18, 2024

Victory Park Capital (VPC) - a global alternative investment firm specializing in private credit - recently announced that it has closed a refinancing agreement for a US$225 million debt facility with Zip Co Limited, a global leader in the digital retail finance and payments industries. The deal will support the growth of Zip’s US receivables.

How John Deere And SpaceX Are Collaborating To Help Farmers With Connectivity Challenges

By Amit Chowdhry ● Jan 18, 2024

Deere & Company recently announced it has agreed with SpaceX to provide cutting-edge satellite communications (SATCOM) service to farmers. Leveraging the industry-leading Starlink network, this solution will allow farmers facing rural connectivity challenges to leverage precision agriculture technologies fully.

Kusari: $8 Million Secured To Bring Security To The Software Supply Chain

By Amit Chowdhry ● Jan 18, 2024

Kusari - a software supply chain security startup - recently announced it raised $8 million through combined investments in pre-seed and seed round funding. The seed funding round was led by J2 Ventures and co-led by Glasswing Ventures with participation from Unusual Ventures, which previously invested $2 million in pre-seed funding.

TrusTrace: $24 Million Raised To Advance Product Traceability And Compliance Platform

By Amit Chowdhry ● Jan 18, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - announced today the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Gates Foundation: $8.6 Billion Budget For 2024 Announced

By Amit Chowdhry ● Jan 17, 2024

The Bill & Melinda Gates Foundation announced its largest annual budget to date as it works toward a healthier and more prosperous world. These are the details.

Northvolt: $5 Billion Raised For Circular Gigafactory

By Amit Chowdhry ● Jan 17, 2024

Northvolt recently announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. This deal represents the largest green loan raised in Europe to date.

Why Snyk Is Buying Helio

By Amit Chowdhry ● Jan 17, 2024

Snyk - a leader in developer security - announced the acquisition of Helios, an industry pioneer capturing application runtime data, to further enhance Snyk’s cloud-to-code risk visibility. This acquisition marks a milestone in Snyk’s Application Security Posture Management (ASPM) journey, accelerating the evolution of Snyk AppRisk and allowing enterprise security teams to more effectively manage their global application security programs at scale.

Quantinuum: $300 Million Raised At $5 Billion Pre-Money Valuation

By Amit Chowdhry ● Jan 17, 2024

Honeywell has announced the closing of a $300 million equity fundraise for Quantinuum (the world's leading integrated quantum computing company) at a pre-money valuation of $5 billion. The funding round was anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell - which remains as the company's majority shareholder.

Xyte: Servitization Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 17, 2024

Xyte - a developer of the first all-in-one servitization platform for device and hardware manufacturers - recently announced a $30 million investment round, which includes $20 million in Series A funding led by Intel Capital, with participation from Samsung Next and existing investors S Capital and Mindset Ventures, and $10 million in venture lending from funds and accounts managed by BlackRock.

Mars: $237 Million Nature’s Bakery Facility To Be Built In Salt Lake City

By Annie Baker ● Jan 17, 2024

Mars announced the establishment of a 339,000 sq. ft. baking facility by Nature's Bakery in Salt Lake City. And Nature's Bakery projects to add over 190 jobs to its Utah location and invest $237 million in its Utah facility.

SMX: $5 Million Contract Signed With R&I Trading

By Noah Long ● Jan 17, 2024

SMX (Security Matters) PLC recently announced a $5 million contract with R&I Trading of New York. This project (spearheaded by the SMX team) will deploy SMX's cutting-edge technology to enhance supply chain transparency with respect to a NATO member state and with the expectation of expanding to further NATO member states.

Aspen Power: Distributed Energy Generation Platform Company Closes $241 Million In Funding

By Amit Chowdhry ● Jan 17, 2024

Aspen Power - a leading distributed generation platform with a mission to accelerate and democratize decarbonization - recently announced it has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group (MUFG).

Xsolla: Empowering The Gaming Community With Marketing, Distribution, And Monetization

By Amit Chowdhry ● Jan 17, 2024

Xsolla is a global video game commerce company with a powerful set of tools and services designed specifically for the video game industry. Since the company launched in 2005, Xsolla helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. Pulse 2.0 interviewed Xsolla President and Interim CEO Chris Hewish to learn more about the company.

Secret Double Octopus: Passwordless Solutions Company Secures $15 Million

By Annie Baker ● Jan 17, 2024

Secret Double Octopus - a market leader in Passwordless solutions for the enterprise workforce - recently announced the successful closure of a Series C funding round. And since 2022, the company has raised another $15 million in capital, including this most recent equity round led by BGV. The funding round - which has the backing of both new and existing strategic investors, including JVP, SCV & KDDI - will help the company satisfy the increasing demand for its workforce-centered Passwordless authentication solution.

LAND: Electric Mobility And Portable Battery Company Raises $3 Million

By Dan Anderson ● Jan 17, 2024

Cleveland-based electric mobility and portable battery manufacturer LAND recently announced a new $3 million anchor investment to help scale production and innovation of its cloud-connected CORE battery system.

DelSiTech: Clinical-Stage Drug Delivery Company Raises €10 Million

By Dan Anderson ● Jan 17, 2024

Clinical-stage drug delivery and development company DelSiTech recently announced the successful completion of a €10 million financing round, the largest single financing round in the company's history.

Azteco: Offering Bitcoin Vouchers That Work Like Gift Cards And Mobile Phone Top-Ups

By Amit Chowdhry ● Jan 17, 2024

Azteco is a consumer Bitcoin platform that offers Bitcoin vouchers for global financial transactions. Pulse 2.0 interviewed Azteco CEO and founder Alexander "Akin" Fernandez to learn more about the company.

Infield: $3 Million Secured To Make Open Software More Safe

By Annie Baker ● Jan 17, 2024

Infield recently announced $3 million in funding for its comprehensive open-source dependency manager. Foundation Capital led the funding round with participation of YCombinator and Firsthand Alliance. Adam Gross (former CEO of Heroku), Jonathan Siddarth (founder of Turing), and Austin Ogilvie (founder of Thoropass) also joined as investors. And Infield makes open-source dependency upgrades safer and more efficient.

INERATEC: E-Fuel Company Closes $129 Million In Funding

By Amit Chowdhry ● Jan 17, 2024

INERATEC - a pioneering e-fuel company - recently announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, and the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda. The investment consortium for the Series B funding round included Planet A Ventures, MPC, High-Tech Gründerfonds, FO Holding, Safran Corporate Ventures, Honda, ENGIE New Ventures, HG Ventures, TDK, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, Piva Capital.

Thomvest Ventures: $250 Million Fund Raised, Bringing Total AUM To $750 Million

By Amit Chowdhry ● Jan 17, 2024

Thomvest Ventures (a venture capital firm founded by Peter Thomson) recently announced a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to the role of Managing Director. This new fund brings the firm's total assets under management (AUM) to $750 million, enabling the firm to invest in the next generation of companies across the firm's core focus areas of financial and real estate technology, cybersecurity, cloud and AI infrastructure.

weavix: Frontline Communication Company Secures $23.6 Million

By Dan Anderson ● Jan 17, 2024

weavix - a Wichita-based technology firm specializing in frontline communication and efficiency solutions - recently announced it has successfully raised $23.6 million in its latest Series B funding round. The funding round was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. And as strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.

Franki: Connecting Consumers To Local Businesses With Verified Video Reviews In A $100+ Billion Market

By Amit Chowdhry ● Jan 17, 2024

Franki is an app that connects consumers with local businesses through verified recommendations and video reviews. Pulse 2.0 interviewed Franki CEO Eugene Varricchio to learn more about the company.

Gocious: How This Product Roadmap Management Company Helps Align All Stakeholders Around A Cohesive Plan

By Amit Chowdhry ● Jan 17, 2024

Gocious is a Product Roadmap Management (PRM) software company that was designed to help product managers communicate and align all stakeholders around a clear and accessible product portfolio plan. Pulse 2.0 interviewed Gocious co-founder and CTO Maziar Adl to learn more about the company.

DocuSketch: Growth Investment Secured From Summit Partners

By Dan Anderson ● Jan 17, 2024

DocuSketch - a leading provider of process optimization solutions for the North American property restoration industry - recently announced a minority growth investment from Summit Partners. The new funding round will help DocuSketch support customers and partners and accelerate R&D investments, including integrating advanced AI applications into its product portfolio. DocuSketch management will retain majority ownership in the business.

Mercor: $3.6 Million In Funding Raised To Launch Fully Automated Platform

By Amit Chowdhry ● Jan 17, 2024

Mercor co-founder and CEO Brendan Foody has announced that the company has raised $3.6 million in funding to launch a fully automated platform. The funding round was led by General Catalyst and included participation from Scott Sandell (Chairman, CEO, and CIO of NEA), Soma Capital, Link Ventures, and 2 | Twelve Angels.

Torii: How This Company Helps IT Professionals Control SaaS Applications

By Amit Chowdhry ● Jan 17, 2024

Torii is a company that helps IT professionals gain total control over managing SaaS applications with the world’s first automation-centered SaaS management platform. Pulse 2.0 interviewed Torii co-founder and CEO Uri Haramati to learn more about the company.

AccessParks: Strategic Investment Raised From M/C Partners

By Dan Anderson ● Jan 17, 2024

M/C Partners - a leading private equity firm focused on digital infrastructure and technology services sectors - recently announced a significant growth investment in AccessParks. Launched in 2016, the company provides high-performance Broadband connectivity to RV Parks, National and State Parks, and Manufactured Housing Communities (MHC) nationwide. This investment will drive accelerated growth across AccessParks' business lines and capital for strategic acquisitions.

Atoco: Developing Transformational Solutions For Carbon Capture And Water Harvesting

By Amit Chowdhry ● Jan 17, 2024

Atoco is a company that is tackling the causes and effects of climate change. The company is on a mission to address global warming and water scarcity by developing sustainable, resilient, and transformational solutions in the fields of carbon capture and atmospheric water harvesting. Pulse 2.0 interviewed Atoco CEO Dr. Samer Taha to learn more about the company.

Cyrano Therapeutics: $9 Million Raised To Help Combat Smell Loss

By Dan Anderson ● Jan 17, 2024

Cyrano Therapeutics - a regenerative medicine company pioneering the development of treatments for smell loss - recently announced that it has secured a $9.0 million Series B financing to advance the development of CYR-064 as a potential first-ever treatment for post-viral smell loss (hyposmia). Co-lead investors participating in the financing include the Florida Opportunity Fund, managed by DeepWork Capital, and existing investors Lumira Ventures and Remiges Ventures.