Archives

Zuper: $32 Million Secured To Help Companies Scale Field Operations

By Amit Chowdhry ● Dec 15, 2023

Zuper - a leading solutions provider to scale and modernize fast-growing businesses with field operations - recently announced it closed a $32 million Series B funding round led by FUSE and participation from Prime Ventures and other existing partners. This investment follows an 8X growth in the past couple of years, fueled by outsized demand for Zuper's platform that empowers businesses with field operations to automate workflows, enable workforce collaboration, and deliver their customers with the best possible experience.

energyRe: $1.2 Billion Raised To Accelerate Clean Energy Transition

By Amit Chowdhry ● Dec 15, 2023

energyRe - an independent U.S. clean energy developer - recently announced that it has raised a $1.2 billion capital package to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation, and offshore wind. And energyRe will utilize these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable, clean power and modern, well-connected electric grids.

Why Cognizant Is Buying Thirdera

By Annie Baker ● Dec 15, 2023

Cognizant recently announced it has entered into an agreement to acquire Broomfield, CO-based Thirdera, an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products.

TMX Group Buying Remaining Stake In VettaFi For $848 Million

By Amit Chowdhry ● Dec 15, 2023

TMX Group Limited recently announced it has agreed to acquire the remaining approximately 78% of the common units of VettaFi Holdings LLC, a leading US-based indexing, digital distribution, analytics, and thought leadership company, for US$848 million. This brings the total amount to be paid for full ownership to $1.03 billion - which includes the strategic investments TMX Group made in VettaFi in the first half of 2023 for approximately 22% of the common units.

Rypplzz: Geo-Location Platform Company Raises $3 Million

By Amit Chowdhry ● Dec 15, 2023

Rypplzz - the creators of Interlife, a multi-patented geo-location platform - recently announced that it has raised $3 million in seed funding, led by sports technology investment firm KB Partners, with participation from Triptyq Capital. This funding round brings the company’s total capital raised to $6.8 million.

EnCharge AI: $22.6 Million Raised To Develop Advanced AI Chips And Full Stack Solutions

By Annie Baker ● Dec 14, 2023

EnCharge AI - a company developing advanced AI chips and full stack solutions - recently announced it has closed a second institutional round of funding from strategic partners, including VentureTech Alliance, RTX Ventures, and ACVC Partners, with participation from existing investors such as Anzu Partners, AlleyCorp, Scout VC, Silicon Catalyst Angels, and S5V. This funding round

Verve Motion: Harvard University Spinout / Industrial Safety Company Spinout Raises $20 Million

By Amit Chowdhry ● Dec 14, 2023

Verve Motion (a Harvard University spinout) recently announced it has reached a significant milestone by securing $20 million in Series B funding. This funding round brought the company's total to over $40 million. This marks a major step in the company's rapid expansion and the widespread adoption of its innovative industrial-use connected wearable technology SafeLift exosuit.

TechMet: Over $1 Billion Valuation With New $50 Million Commitment From DFC

By Amit Chowdhry ● Dec 14, 2023

TechMet - a global critical minerals investment company - recently announced it has secured a further $50 million commitment from the U.S. International Development Finance Corporation (DFC) as part of its latest fundraising round. The additional commitment from the U.S. Government’s development finance institution arrives at a time when TechMet opened a new $300 million equity funding round. Now the company has a value of over $1 billion.

Origin AI: WiFi Sensing Technology Company Secures $15.9 Million

By Noah Long ● Dec 14, 2023

Origin AI - a pioneering force in WiFi Sensing technology - recently announced the successful close of its latest $15.9 million Series B extension round. With Verisure at the forefront as the lead investor, the company secured significant capital to accelerate its growth, expand its product portfolio, and bolster its support for customer deliveries.

Noetica: Customer Interaction Management Company Raises $7.8 Million

By Annie Baker ● Dec 14, 2023

Noetica AI - an AI software platform that benchmarks corporate debt transactions - recently announced it has raised a $6M seed round investment led by global venture capital firm Lightspeed Venture Partners, bringing its total funding to $7.8 million following a pre-seed round led by Bling Capital in 2022.

Invoke AI: Advancing A Renaissance In Digital Creativity

By Amit Chowdhry ● Dec 14, 2023

Invoke AI is a generative AI creation tool and model manager that empowers professionals, artists, and enthusiasts to generate and create visual media while retaining complete ownership of their work, models, and intellectual property. Pulse 2.0 interviewed Invoke AI founder and CEO Kent Keirsey to learn more about the company.

True Anomaly: $100 Million Secured To Develop Advanced Systems For Space Security

By Amit Chowdhry ● Dec 14, 2023

True Anomaly - a technology company developing advanced hardware and software systems to ensure the sustainable security of space - recently announced it has closed a $100 million Series B equity raise. The funding round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures. And this funding round enables continued investment in people, products, and services to advance True Anomaly's mission further.

Clever Carnivore: Cruelty-Free Meat Company Raises $7 Million Raised To Expand Operations

By Amit Chowdhry ● Dec 14, 2023

Clever Carnivore - a Chicago biotech startup that is producing low-cost and top-quality cultivated meat - recently announced the successful closing of its $7 million seed round funding. The funding round was led by Lever VC, a globally renowned investor in the alternative protein industry.

Shinobi Therapeutics: $51 Million Raised To Develop New Class Of Immune Evasive iPS-T Cell Therapies

By Amit Chowdhry ● Dec 14, 2023

Shinobi Therapeutics - a biotechnology company developing a new class of immune evasive iPS-T cell therapies - recently announced that it has closed a $51 million Series A financing. The oversubscribed funding round was led by EQT Life Sciences, F-Prime Capital, and Eight Roads Ventures Japan, with participation from Astellas Venture Management, Fast Track Initiative (FTI), JIC Venture Growth Investments, and D3 LLC.

Cytonus Therapeutics: $11.7 Million In Raised To Advance Cargocyte Drug Delivery Platform

By Dan Anderson ● Dec 14, 2023

Cytonus Therapeutics - a U.S.-based biotechnology company discovering and advancing novel medicines enabled by its proprietary Cargocyte Drug Delivery Platform - recently announced the initial closing of its $11.7 million Series A preferred financing.

Eligo Bioscience: Gene-Editing Company Raises $30 Million

By Annie Baker ● Dec 14, 2023

Eligo Bioscience - a pioneering gene-editing company focused on addressing diseases driven by the expression of bacterial genes from the microbiome - recently announced a successful $30 million Series B funding round led by Sanofi Ventures. This funding round, supported by new investor Bpifrance (through its InnoBio 2 fund) and existing backers Khosla Ventures and Seventure Partners (with Health For Life Capital), propels Eligo towards becoming a clinical-stage biotech. Concurrent with this financing, Laia Crespo, Ph.D., Partner at Sanofi Ventures and Benoit Barteau, Investment Director at Bpifrance will join the board of directors.

RedKangaroo: Improving Brand Loyalty Through A Sophisticated Rewards Platform

By Amit Chowdhry ● Dec 14, 2023

RedKangaroo is a company that transforms brand loyalty with a sophisticated rewards platform. And the company empowers brand fans to promote their favorite brands and earn exclusive rewards and cashback through an innovative platform. Pulse 2.0 interviewed RedKangaroo CEO and founder Balaji Krishnan to learn more about the company.

Kong Hits $100 Million In Annual Recurring Revenue

By Amit Chowdhry ● Dec 13, 2023

Kong Inc - a leading developer of cloud API technologies - announced today that it has surpassed $100 million in annual recurring revenue. The company’s success results from a commitment to product excellence, a laser focus on the user and customer experience, and the growth of Kong Konnect, its unified cloud API platform - which helps organizations unleash developer productivity and accelerate time to market.

Center: $30 Million Secured To Modernize Expense Management

By Amit Chowdhry ● Dec 13, 2023

Center - a software company modernizing expense management - recently announced a $30million Series C funding round. The funding round from the Series C round will be used to accelerate innovation, broaden distribution, and drive to profitability. The round comes on the heels of Center's integrated travel and expense launch, reinforcing the company's mission to transform spend management with a card-first approach, usage-based pricing model, and expanded product offerings.

ArmorCode: Application Security Posture Management Company Raises $40 Million

By Amit Chowdhry ● Dec 13, 2023

ArmorCode - a leader in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM) - recently announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. HighlandX led the round, and they were joined by NGP Capital, along with participation from existing investors Ballistic Ventures, Sierra Ventures, and Cervin Ventures.

Enerpoly: Zinc-Ion Battery Company Secures $8.4 Million

By Amit Chowdhry ● Dec 13, 2023

Enerpoly - a zinc-ion battery innovator - was recently awarded an $8.4 million / 88.5M SEK three-year grant from the Swedish Energy Agency, enabling the Stockholm company to demonstrate their patented technology with the world's first megafactory to manufacture zinc-ion batteries. And this grant marks the first step towards financing the production plant, and Enerpoly will raise additional private capital through a Series A funding round.

Gecko Robotics: Series C Extended To $173 Million

By Amit Chowdhry ● Dec 13, 2023

Gecko Robotics - an industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure - recently announced an extension of its Series C funding round, bringing the total Series C raise to $173 million.

Cambium: Advanced Materials Company Closes $19 Million

By Amit Chowdhry ● Dec 13, 2023

Cambium - an advanced materials innovator for defense and other high-performance fields - recently announced a $19 million Series A funding round. 8VC led the round, with participation from Veteran Ventures, GSBackers, Marlinspike, MVP Ventures, Gaingels, Kern Venture Fund, Jackson Moses (Founder, Silent Ventures), Vertical Capital, and select angel investors.

Xeol: Cybersecurity Company Raises $3.2 Million

By Annie Baker ● Dec 13, 2023

Xeol - a New York City-based cybersecurity company - recently announced that it raised $3.2 million in Seed funding led by Shield Capital with Y Combinator and 468 Capital also participating.

MaterialsZone: Long-Term Commercial Agreement With Kafrit Group To Develop Improved Products

By Amit Chowdhry ● Dec 13, 2023

MaterialsZone - a leading Materials Informatics platform for manufacturers’ R&D teams, and Kafrit Group - a global masterbatches and compounds producer - announced today their long-term commercial agreement enabling Kafrit Group to better utilize their data to develop improved products and provide an unparalleled customer experience to its clients.

Certainly Health: Medical And Cosmetic Booking Marketplace Raises $2.3 Million

By Amit Chowdhry ● Dec 13, 2023

Certainly Health - a healthcare marketplace for booking medical and cosmetic care with upfront prices - announced today that it has received $2.3 million in funding led by Pacific 8 Ventures, Y-Combinator, and other institutional and angel investors. The new funding round will be used to expand the team and improve the company’s product.

Harmonix: Predictions And Advice From Krish Ramadurai

By Amit Chowdhry ● Dec 13, 2023

Harmonix is a venture firm that invests at the nexus of healthcare, life sciences, and deep tech, which was profiled by Pulse 2.0 earlier this year. Given Harmonix’s substantial experience in venture capital and data-driven insights, Pulse 2.0 reached out to Harmonix investment partner Krish Ramadurai to find out its take on a recent PitchBook report that showed a 67% drop in VC fundraising compared to last year and the squeeze that startups have been facing when it comes to raising additional capital.

Laza Medical: $36 Million Raised To Develop Robotic Imaging Solution For Cardiovascular Interventions

By Annie Baker ● Dec 12, 2023

Laza Medical announced today that it had closed $36 million in Series A financing. Laza Medical is developing an imaging solution for cardiac interventions enabled by AI software and state-of-the-art robotics. The funding round was led by The Capital Partnership (TCP) with financial participation from GE HealthCare, PA MedTech VC fund, Unorthodox Ventures, and Dara Holdings.

Syrup: AI-Powered Planning And Inventory Optimization Company Secures $17.5 Million

By Annie Baker ● Dec 12, 2023

Syrup - a company that provides AI-powered planning, buying, and inventory optimization for omnichannel commerce - recently announced a $17.5 million Series A funding round. The funding round was led by Accel Partners with participation from existing investors Gradient Ventures and 1984 Ventures.

AM Batteries: Lithium-Ion Dry-Electrode Company Raises $30 Million

By Noah Long ● Dec 12, 2023

AM Batteries - a pioneer in lithium-ion dry-electrode technologies - recently announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. This new investment combines strategic corporate support from Porsche Ventures and Asahi Kasei with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. The funding round also includes existing investors such as Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and Zeon Ventures.