Archives

Why AbbVie Is Buying Cerevel Therapeutics For $8.7 Billion

By Amit Chowdhry ● Dec 8, 2023

AbbVie and Cerevel Therapeutics announced a definitive agreement under which AbbVie will acquire Cerevel Therapeutics and its neuroscience pipeline of multiple clinical-stage and preclinical candidates with potential across several diseases, including schizophrenia, Parkinson's disease (PD), and mood disorders. These are the details.

VAST Data: AI Data Platform Company Raises $118 Million At $9.1 Billion Valuation

By Amit Chowdhry ● Dec 8, 2023

AI data platform company VAST Data recently announced that it had secured $118 million in Series E funding, led by Fidelity Management & Research Company and accompanied by New Enterprise Associates (NEA), BOND Capital, and Drive Capital.

Stensul: $34.5 Million Raised To Reduce Marketing Creation Time

By Amit Chowdhry ● Dec 8, 2023

Stensul recently announced it raised $34.5 million in Series C funding to expand the capabilities of its Marketing Creation Platform. This funding round was led by Sageview Capital and the round included existing investors U.S. Venture Partners (USVP), Javelin Venture Partners, Uncork Capital, and Lowercase Capital, and participation from new investor Edith Harbaugh, LaunchDarkly's Executive Chair and Co-founder. With this funding round, Stensul has raised over $57 million.

Why Workleap Is Buying Pingboard

By Amit Chowdhry ● Dec 8, 2023

Workleap - a leading software company behind products that improve the employee experience for 20,000 companies in over 100 countries - recently announced it has acquired Pingboard, a US-based HR tech SaaS company with 2,000 customers globally recognized for its industry-leading Org Chart and Employee Directory capabilities.

Tower Arch Capital: Fund III Closed At $750 Million

By Amit Chowdhry ● Dec 8, 2023

Tower Arch Capital, LP - a Salt Lake City, UT-based investment firm - recently announced the closing of Tower Arch Partners III, LP and its parallel investment entity with $750 million of capital commitments. Fund III has closed at its hard cap in a single closing and was substantially oversubscribed.

Cognota: Enabling Customers To Gain Better Visibility In The $320 Billion L&D Market

By Amit Chowdhry ● Dec 8, 2023

Cognota is a first-of-its-kind software company that enables customers to get better visibility into the training needs of their businesses and consolidate disparate tools they are using so they can make better, more strategic decisions about learning and development (L&D) investments and measure impact. Pulse 2.0 interviewed Cognota founder and CEO Ryan Austin to learn more about the company.

Ketryx: Application Lifecycle Management Company Raises $14 Million

By Amit Chowdhry ● Dec 8, 2023

Ketryx - a provider of the first and only connected application lifecycle management software for the life sciences industry - recently announced that it has raised $14 Million in Series A funding. The round was led by investor Lightspeed Venture Partners, with participation from existing investors including MIT's E14 Fund and Ubiquity Ventures, bringing the total funding raised to date to over $18 million. Lightspeed partner Guru Chahal will join the board. The new funding round will be used to accelerate product development and commercial expansion.

Withings Launches Heart Health Hybrid Smartwatch ScanWatch Nova

By Amit Chowdhry ● Dec 8, 2023

Withings - a leader in connected health devices and the inventor of the first hybrid smartwatch - recently announced its latest innovation: ScanWatch Nova. This new iteration provides a powerful health scan in a splendid luxury diver-style watch with crucial health benefits to track health metrics and activity, including on-demand electrocardiogram, SpO2, body temperature 24/7, advanced activity tracking, and in-depth sleep analysis.

Influ2: This Ad Platform Enables Individual Targeting In A $12 Billion Market

By Amit Chowdhry ● Dec 8, 2023

Influ2 is a person-based ad platform that enables you to reach specific people within target accounts and see who interacts with your ads. Pulse 2.0 interviewed Influ2 CEO and co-founder Dmitri Lisitski to learn more about the company.

Kantata: How This Company Transforms The Way Professional Services Businesses Work

By Amit Chowdhry ● Dec 8, 2023

Kantata is a company that develops purpose-built software to provide clarity, control, and confidence to professional services organizations. Pulse 2.0 interviewed Kantata Brand Evangelist Charles Gustine to learn more about the company.

Incremental: Providing Neutral And Holistic Measurement Of Retail Media In A $125 Billion Market

By Amit Chowdhry ● Dec 8, 2023

Incremental is a company that provides truly neutral and holistic measurement of Retail Media, and Incremental helps brands and agencies isolate the incremental impact of each dollar they spend so they can scale with confidence that their investments will lead to growth. Pulse 2.0 interviewed Incremental CEO David Pollet to learn more about the company.

Nth Cycle: Critical Metals Refining Company Secures $44 Million In Funding

By Amit Chowdhry ● Dec 7, 2023

Nth Cycle - an innovative critical metals refining company - recently announced it has closed $37 million in Series B and an additional $7 million in non-dilutive financing, led by VoLo Earth Ventures (a Colorado-based venture firm focused on climate solutions); MassMutual through the MM Catalyst Fund I (invests in rural-based and Black-led businesses based in Massachusetts); Caterpillar Venture Capital (a wholly-owned subsidiary of Caterpillar Inc.); and Equinor Ventures (the venture capital arm of Equinor).

DataCebo: $8.5 Million Raised To Help Increase Developer Productivity At Enterprises By Utilizing Generative AI

By Amit Chowdhry ● Dec 7, 2023

Today DataCebo emerged with SDV Enterprise, a commercial offering of the popular open source product Synthetic Data Vault (SDV). DataCebo also announced that it has raised $8.5 million in seed funding co-led by Link Ventures and Zetta Venture Partners. And Uncorrelated Ventures also participated.

Actility: IoT Mediation Platform Company Raises $17.3 Million

By Amit Chowdhry ● Dec 7, 2023

Actility - a French company recognized as a global leader in low-power industrial IoT connectivity solutions - announced today a funding round of $17.3 million. This new funding round will consolidate its leadership position in the global LPWAN (Low-Power Wide Area Networks) market as it enters an accelerated growth phase.

Shadow: Data Workflow Platform Company Raises $9 Million

By Amit Chowdhry ● Dec 7, 2023

Shadow is a data workflow platform company that aims to lower the cost/complexities of developing on Ethereum. And Shadow announced a $9 million seed round of funding led by Paradigm with additional support from angel investors at Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots.

Trackstar: $2.6 Million Secured To Advance First Universal API For Warehouse Management Systems

By Annie Baker ● Dec 7, 2023

Trackstar - a Y Combinator-backed startup transforming supply chain logistics with the world’s first universal API for Warehouse Management Systems - recently announced it had closed a $2.6 million seed round led by TMV. This funding round will accelerate Trackstar's global mission to integrate with warehouse management systems, enhancing supply chain efficiency and data accessibility for businesses of all sizes.

Twelve Below: $108 Million Raised Across Two Funds

By Amit Chowdhry ● Dec 7, 2023

New York-based venture capital firm Twelve Below recently announced it closed an $80 million second early-stage fund and a $28 million opportunity fund.

Certa And Castellum.AI Partnering To Offer Professionals With Financial Crime Risk Data For Improved Third-Party Risk Management

By Amit Chowdhry ● Dec 7, 2023

Certa (a leader in third-party management solutions) announced today a partnership with Castellum.AI (a global financial crime risk platform). This partnership integrates Castellum.AI risk screening into Certa’s TPRM platform, providing compliance and procurement professionals access to the most accurate, reliable, and fastest information on sanctions, export controls, adverse media, beneficial ownership, etc.

Valorx: Improving Data Quality And Enabling End-User Productivity

By Amit Chowdhry ● Dec 7, 2023

Valorx’s goal is to help improve data quality and enable end-user productivity and efficiency while maintaining Salesforce as your true system of record. Pulse 2.0 interviewed Valorx co-founder and VP of Revenue Jerret Kasper to learn more.

Asato: AI-Powered Enterprise Copilot Platform Company Raises $7.5 MIllion

By Amit Chowdhry ● Dec 6, 2023

Asato.ai - an AI-powered enterprise Copilot platform - recently announced the closing of its oversubscribed $7.5 million seed financing round, co-led by Intel Capital and Lip-Bu Tan, with participation from Shah Capital Partners, and several prominent angel investors including Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital, Ash Bhardwaj, entrepreneur and investor, Charlie Giancarlo, CEO and Chairman of Pure Storage, and Sanjay Mehrotra, President and CEO of Micron Technologies.

Bright Uro: $23 Million Closed To Transform Care For Lower Urinary Tract Symptoms

By Amit Chowdhry ● Dec 6, 2023

Bright Uro - a medical device company with a mission to transform care for lower urinary tract symptoms (LUTS) through innovations in urodynamics - recently announced the initial closing of its $23 million Series A financing round led by Laborie Medical Technologies, a leading global provider of urology diagnostic and therapeutic solutions.

Ursa Major: Rocket Propulsion Company Raises $138 Million

By Amit Chowdhry ● Dec 6, 2023

Ursa Major, America's leading privately funded company focused solely on rocket propulsion, recently announced that it closed $138 million in its Series D and D-1 funding rounds. This funding round was led by Explorer 1 Fund and Eclipse and included RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.

Vendelux: AI-Powered Event Intelligence Platform Company Raises $14 Million

By Amit Chowdhry ● Dec 6, 2023

Vendelux - the first AI-powered event intelligence platform - recently announced it raised a $14 million Series A led by FirstMark Capital with participation from Cervin Ventures, the founders of HLTH, ShopTalk, Money20/20 (Jonathan Weiner), Manifest, Blueprint (Jay Weintraub), and SaaStock (Alex Theuma).

Birdseye: $3 Million Raised To Help Retailers Execute Hyper-Personalized Campaigns

By Noah Long ● Dec 6, 2023

Birdseye - a pioneering force in the retail and e-commerce artificial intelligence sector - recently announced a seed investment of US$3 million from Drive Capital. This funding round follows Drive Capital's previous investment, leading a US$500,000 pre-seed round earlier this year in March. Drive Capital partner Masha Khusid will join Birdseye's board of directors in connection with the funding round.

Retrocausal: Manufacturing Process Management Company Raises $5.3 Million

By Dan Anderson ● Dec 6, 2023

Retrocausal - a leading platform provider for manufacturing process management - recently announced a $5.3 million financing round co-led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, along with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.

DuploCloud: End-To-End DevOps Software Platform Company Closes $32 Million

By Amit Chowdhry ● Dec 6, 2023

DuploCloud - an industry pioneer offering a platform engineering solution that encompasses full stack DevOps automation with built-in compliance - recently closed a $32 million Series B funding round, led by WestBridge Capital and StepStone Group and with previous investor Mayfield.

VaLogic Receives Investment From 424 Capital

By Annie Baker ● Dec 6, 2023

424 Capital recently announced that it has completed a significant investment in VaLogic, a leading provider of GMP (Good Manufacturing Practice) and GLP (Good Laboratory Practice) compliance software and services based in Frederick, MD. This strategic deal by 424 Capital aims to expedite positive clinical outcomes by enabling pharmaceutical and biotechnology organizations to focus on the research, development, and production of cutting-edge therapeutics in a compliant and effective manner.

Blackstone Strategic Partners: Eighth Real Estate Secondaries Fund Closes At $2.6 Billion

By Amit Chowdhry ● Dec 6, 2023

Blackstone recently announced the final close on $2.6 billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII L.P., and its related committed program vehicles.

Ford Pro And Xcel Energy Partnering On Installation Of 30,000 EV Charging Ports For Business Fleets By 2030

By Amit Chowdhry ● Dec 6, 2023

Ford Pro (the commercial division within Ford Motor Company) and Xcel Energy (a national leader in clean energy) recently announced a unique collaboration to support the deployment of 30,000 electric vehicle (EV) charging ports in Xcel Energy service territories across the U.S. by 2030 with most upfront costs offset by Xcel for qualifying business fleet customers.

Canaan: Dana Malman Warren Joins As Venture Partner

By Amit Chowdhry ● Dec 6, 2023

Canaan - an early-stage venture capital firm - that raised $850 million in new capital earlier this year, has announced its newest venture partner, Dana Malman Warren.