Archives

Oceans Equity: Seasoned Investor Josh Bilmes Launches New PE Firm

By Amit Chowdhry ● Mar 20, 2024

Oceans Equity is a new Miami-based private equity firm that is committed to transforming potential into progress. With an emphasis on service businesses and niche product companies, Oceans Equity will accelerate sustainable growth through genuine collaboration.

xCures: Empowering Healthcare Researchers To Deeply Understand Each Patient’s Medical Journey

By Amit Chowdhry ● Mar 20, 2024

xCures is a healthcare data management company focusing on data completeness and real-time data access. Pulse 2.0 interviewed xCures CEO Mika Newton to learn more about the company.

Owl’s Brew: How This Tea Cocktail Company Grew About 1,000% In Three Years

By Amit Chowdhry ● Mar 20, 2024

Owl’s Brew is a company that produces tea crafted for cocktails. Pulse 2.0 interviewed Owl’s Brew co-founder and COO Maria Littlefield to learn more.

Lumino: AI Infrastructure Company Raises $2.8 Million

By Amit Chowdhry ● Mar 19, 2024

AI infrastructure company Lumino announced that it has raised a $2.8 million pre-seed funding round. This funding round included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Innatera: Power Neuromorphic Processor Company Secures €15 Million

By Amit Chowdhry ● Mar 19, 2024

Ultra-low-power neuromorphic processor leader Innatera announced it raised €15 million in Series A funding from Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises. This funding will accelerate mass production, broaden application offerings, and expand customer engagement.

G2 Reverse Logistics: Net Recovery Company Secures $9.6 Million

By Amit Chowdhry ● Mar 19, 2024

Net recovery company G2 Reverse Logistics announced $9.6 million in seed funding led by Dell Technologies Capital. The funding round will enable sales and marketing investments to drive global growth strategies.

Agora Data Reveals $400 Million In New Funding Capacity Raised

By Amit Chowdhry ● Mar 19, 2024

Agora Data - a fintech company with a goal of enabling any car dealer to be a finance company by offering technology, capital, and guidance with predictable loan performance and analytics started this year with the successful closing of multiple company financial milestones.

Engrail Therapeutics: $157 Million Raised To Develop Transformational Therapies

By Amit Chowdhry ● Mar 19, 2024

Engrail Therapeutics - a precision neuroscience company focusing on developing transformational therapies to improve patients' lives - announced the closing of an oversubscribed $157 million Series B financing round. The funding round was co-led by new investors F-Prime Capital, Forbion, and Norwest Venture Partners, with participation from RiverVest Venture Partners, Red Tree Venture Capital, funds managed by abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and existing investor Pivotal Life Sciences.

IVP: 18th Fund Closed At $1.6 Billion

By Amit Chowdhry ● Mar 19, 2024

Venture capital firm IVP announced closing its 18th fund at $1.6 billion. The firm said that this fund is closing during a sweeping technological shift with AI at a time when capital markets are resetting. These periods create significant opportunities for companies with product market fit and organic momentum.

Coterie: Insurtech MGA Company Raises $27 Million

By Amit Chowdhry ● Mar 19, 2024

Coterie - an insurtech MGA making small business insurance easier - announced a raise of $27 million in a new funding round. The oversubscribed funding round includes new investments from Hiscox and existing investors such as Intact Ventures, Weatherford Capital, RPM Ventures, and others. With this funding round, Coterie has raised over $102 million.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

Francisco Partners Acquiring Jama Software For $1.2 Billion

By Amit Chowdhry ● Mar 19, 2024

Jama Software - a leading requirements management and traceability solution company - announced that private equity firm Francisco Partners agreed to acquire the company from shareholders, including Insight Partners and Madrona Ventures, for $1.2 billion.

Cohesity Raises Strategic Funding From NVIDIA

By Amit Chowdhry ● Mar 19, 2024

Cohesity - a leader in AI-powered data security and management - announced a collaboration with NVIDIA to help organizations unlock the power of GenAI and data with the recently announced NVIDIA NIM microservices and through the integration of NVIDIA AI Enterprise into the Cohesity Gaia platform. Cohesity’s latest funding round also led to NVIDIA becoming a new investor.

Superlinked: $9.5 Million Secured To Turn Complex Data Into Vector Embeddings

By Amit Chowdhry ● Mar 19, 2024

Superlinked, a solution for turning complex data into vector embeddings, announced it has received $9.5 million in seed funding. Index Ventures led the round, with Theory Ventures significantly participating. 20Sales, Firestreak, and several prominent tech executives also participated.

Poseidon: Aquaculture Solutions Company Raises $20.75 Million

By Amit Chowdhry ● Mar 19, 2024

Poseidon Ocean Systems announced the completion of a $20.75 million Series B financing led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment, along with additional support from existing shareholder Export Development Canada.

Kyte Closes Up To $250 Million In Asset-Backed Credit Financing

By Amit Chowdhry ● Mar 19, 2024

Kyte - a company that has cars delivered to you on-demand - announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management. This fund source will accelerate the company's fleet growth and profitability.

Hexagon’s Sixth Sense: Building The Leading Manufacturing Innovation Incubator

By Amit Chowdhry ● Mar 19, 2024

Hexagon is a global leader in digital reality solutions that puts data to work to boost efficiency, productivity, quality, and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.Hexagon also runs an incubator program called Sixth Sense, which is an open innovation platform where ambitious and scaling startups can connect with world-class companies to find scale and solve some of the biggest challenges. To learn more, Pulse 2.0 interviewed Milan Kocic, the head of Hexagon's Sixth Sense.

Hippocratic AI: LLM For Healthcare Company Raises $53 Million At $500 Million Valuation

By Amit Chowdhry ● Mar 19, 2024

Hippocratic AI - a company building the first safety-focused Large Language Model (LLM) for healthcare - announced the closing of a $53 million Series A funding round at a $500 million valuation. This funding round brought the company’s total funding to $120 million.

NSF Buying Advanced Plastic Pipe And Materials Testing Laboratory PSILab

By Amit Chowdhry ● Mar 18, 2024

NSF - a leading global public health and safety organization - announced the acquisition of PSILab, a US-based advanced product testing and consulting laboratory specializing in plastic pipe, pipe materials, and other polymeric and composite products.

BigID: AI-Driven Data Security And Compliance Company Raises $60 Million

By Amit Chowdhry ● Mar 18, 2024

BigID - a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises - announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.

SPL Acquiring Environmental Laboratory Company DHL Analytical

By Amit Chowdhry ● Mar 18, 2024

SPL - a leading provider of compliance and testing services for environmental, energy, and other end markets - announced it has acquired DHL Analytical, an environmental laboratory based in Austin, TX.

Nextracker Names Chuck Boynton As New CFO

By Amit Chowdhry ● Mar 18, 2024

Nextracker—a leader of intelligent solar trackers and software solutions—announced the appointment of Charles “Chuck” Boynton as Chief Financial Officer (CFO), effective after he completes his tenure with his current employer, which is expected in May 2024.

Waud Capital Partners Collaborating With Mark Layden To Acquire Companies And Assets

By Amit Chowdhry ● Mar 18, 2024

Waud Capital Partners, a middle-market private equity firm, announced today it has partnered with Mark Layden to acquire companies and assets in the enterprise application software market.

Sensor Tower Buying Market Intelligence Company data.ai

By Amit Chowdhry ● Mar 18, 2024

Digital economy data provider Sensor Tower announced today that it has acquired market intelligence platform data.ai for an undisclosed amount. This deal will enable Sensor Tower to expand and create an industry-standard marketing intelligence solution.

Accenture Acquiring Arηs Group To Expand Public Service Digital Transformation Across Europe

By Amit Chowdhry ● Mar 18, 2024

Accenture has agreed to acquire Arηs (pronounced Aris) Group, a tech services provider that supports public sector transformation across Europe. This deal will enhance Accenture’s public service offering, utilizing various innovative solutions to help clients leverage tech expertise and accelerate digital transformations.

Fair Market Value Capital And TD Jointly Acquire 28% Interest In PSA Italy

By Amit Chowdhry ● Mar 18, 2024

The FMV Industrial Infrastructure Fund I SCSp - advised by Fair Market Value Capital Partners (FMV) - and the TD Greystone Infrastructure Fund (Global Master) SCSp (TDGIF), advised by TD Asset Management (TDAM), announced that they jointly acquired a 28% interest in PSA Italy from PSA International.

Genstar Capital: Matt McCabe And Dominic Martellaro Promoted To Director

By Amit Chowdhry ● Mar 18, 2024

Private equity firm Genstar Capital announced the promotions of Matt McCabe and Dominic Martellaro to Director.

GTCR Closes Acquisition Of Cloudbreak Health

By Amit Chowdhry ● Mar 18, 2024

Today, leading private equity firm GTCR announced that it had closed the acquisition of Cloudbreak Health, a leading provider of tech-enabled and healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth.

Carlsmed: AI-Enabled Personalized Surgery Company Raises $52.5 Million

By Amit Chowdhry ● Mar 18, 2024

Carlsmed - an AI-driven personalized surgery medical technology company - announced a $52.5 million Series C funding round co-led by B Capital and U.S. Venture Partners.

monday.com: Petra Jenner Appointed To Board of Directors

By Amit Chowdhry ● Mar 18, 2024

monday.com - a work operating system (Work OS) used by organizations to create the tools and processes they need for managing all aspects of work - announced the appointment of Petra Jenner to its Board of Directors, effective April 1, 2024.