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Theia Insights: $6.5 Million Raised To Build Foundational AI For Investment Community

By Amit Chowdhry ● Mar 8, 2024

Theia Insights—a deep tech startup founded by former Amazon Alexa scientist and solo entrepreneur Dr. Ye Tian—has raised $6.5 million. Unusual Ventures led the funding round, which included participation from Fidelity International Strategic Ventures and Clocktower Ventures, along with several strategic angels.

Enzzo: $3 Million Secured To Transform How Hardware Products Are Created

By Amit Chowdhry ● Mar 8, 2024

Enzzo—a company reimagining how hardware products are created by utilizing generative AI—announced that it raised a $3 million seed investment led by Unlock Venture Partners, with participation from PSL Ventures and the newly created Mayfield/Pioneer Square Labs AIStudio Fund. With this funding round, the company will expand its team and refining and building its platform.

True Wind Capital: Emily Brakebill Named As Partner And Head Of Investor Relations

By Amit Chowdhry ● Mar 8, 2024

Private investment firm True Wind Capital has announced the hiring of Emily M. Brakebill as Partner, Head of Investor Relations. Brakebill joined True Wind effective on March 4, 2024, and will serve on the firm's Investment Committee.

Renovus Capital Partners: $325 Million Continuation Fund Closed

By Amit Chowdhry ● Mar 8, 2024

Renovus Capital Partners - a Philadelphia-area buyout firm focused on founder-owned businesses in the Knowledge & Talent industries - announced that it has closed its first multi-asset continuation fund of about $325 million. With the closing of the CV, Renovus has now raised over $1.5 billion of capital across multiple investment vehicles, marking a new milestone for the firm.

Global Millennial Capital: $20 Million Raised For Funding Early-Stage Ventures

By Amit Chowdhry ● Mar 8, 2024

Global Millennial Capital (GMCL) - a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias - announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Black Tech Nation Ventures Closes $50 Million Inaugural Fund For Lowering Barriers To Capital

By Amit Chowdhry ● Mar 8, 2024

Black Tech Nation Ventures (BTN.vc) - a Pittsburgh-based venture firm announced the closing of a $50 million inaugural fund. And BTN.vc invests in software startups led by founders from diverse backgrounds that have historically been overlooked by venture funding. The fund believes Black, Latinx, female, indigenous, and LGBTQ+ entrepreneurs have the potential to generate outsized returns within the venture industry.

Chamber: Cardiology Solution Company Raises $8 Million

By Amit Chowdhry ● Mar 7, 2024

Chamber Cardio - a technology-enabled cardiology solution - announced an $8 million seed round led by General Catalyst with support from existing investor AlleyCorp and participation from Company Ventures, American Family Ventures, and City Light. In an industry where the transition to value-based care is limited among cardiologists, Chamber has emerged as a dedicated partner that is uniquely positioned to support and collaborate with cardiology practices.

Betr: $15 Million Raised At $375 Million Valuation

By Amit Chowdhry ● Mar 7, 2024

Betr announced it had closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation. This brought the total funding to date to $100 million.

Yuno: Global Payments Orchestration Platform Raises $25 Million

By Amit Chowdhry ● Mar 7, 2024

Yuno (a leading global payments orchestration platform) announced it had secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Claroty: Cyber-Physical Systems Protection Company Raises $100 Million

By Amit Chowdhry ● Mar 7, 2024

Cyber-physical systems protection company Claroty has secured $100 million in strategic growth financing. The participants include lead equity investor Delta-v Capital and AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. With Claroty's existing $635 million in funding to date, this new funding further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Why Cloudflare Is Buying Nefeli Networks’ Team And Technology

By Amit Chowdhry ● Mar 7, 2024

Cloudflare - the leading connectivity cloud company - announced the launch of Magic Cloud Networking. Magic Cloud Networking is a simple, secure, scalable product for businesses to connect and secure public cloud environments.

Capstack Technologies Raises Funding From Citi Ventures

By Amit Chowdhry ● Mar 7, 2024

Capstack Technologies - the first bank-to-bank marketplace designed to mitigate asset risk - announced it had raised a strategic investment from Citi Ventures, driving a significant milestone in its goal to transform banking technology.

VIAVI Solutions Buying Spirent Communications In $1.28 Billion Deal: Details

By Amit Chowdhry ● Mar 7, 2024

VIAVI Solutions (a leading provider of communications test, measurement, and optical technologies) and Spirent Communications plc (a global provider of automated test and assurance solutions for networks, cybersecurity, and positioning) announced an agreement on the terms of a cash offer for Spirent, which the Spirent Board intends to recommend unanimously. The deal price values Spirent at about £1.005 billion (or $1.28 billion based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024).

Fujitsu And Carnegie Mellon University Partnering On Digital Twin Tech To Visualize Traffic Situations

By Amit Chowdhry ● Mar 7, 2024

Fujitsu Limited and Carnegie Mellon University announced the development of a new technology to visualize traffic situations, including people and vehicles as part of joint research on Social Digital Twin that started in 2022. The technology transforms a 2D scene image captured by a monocular RGB camera into a digitalized 3D format using AI, which estimates the 3D shape and position of people and objects, enabling high-precision visualization of dynamic 3D scenes.

CrowdStrike Buying Flow Security: Details

By Amit Chowdhry ● Mar 7, 2024

CrowdStrike announced it is acquiring Flow Security, the industry’s first and only cloud data runtime security solution. And through this acquisition, CrowdStrike will enhance its modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments.

Taalas: AI And Silicon Innovator Company Raises $50 Million

By Amit Chowdhry ● Mar 7, 2024

Taalas - an innovator in AI and silicon - announced that it had exited stealth mode and raised $50 million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Shape Memory Medical: Endovascular Embolization Company Raises $38 Million

By Amit Chowdhry ● Mar 7, 2024

Shape Memory Medical - a developer of custom shape memory polymers for endovascular markets - announced that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus, and Emergent Medical Partners II, L.P.

Keeney Financial Group Merging With Beacon Pointe Advisors

By Amit Chowdhry ● Mar 7, 2024

Beacon Pointe Advisors has announced its latest partnership with Keeney Financial Group. This is Beacon Pointe's first M&A deal in the mid-Atlantic region and in Maryland.

Synctera: Embedded Banking And Finance Company Raises $18.6 Million

By Amit Chowdhry ● Mar 7, 2024

Synctera - a leader in embedded banking and finance - announced that it has raised an $18.6 million extension to its 2021 Series A round, with Lightspeed and Fin Capital co-leading alongside participation from other previous investors NAventures and Diagram. And new investors include Banco Popular and Mana Ventures.

Phase Genomics: $1.5 Million Funding Raised From Bill & Melinda Gates Foundation

By Amit Chowdhry ● Mar 7, 2024

Phase Genomics - a leading innovator at the forefront of genomics technology development - announced $1.5 million in new funding from the Bill & Melinda Gates Foundation to fuel a new antimicrobial discovery platform. Utilizing the power of lysins, phage-derived proteins that selectively kill specific bacteria and archaea, the program addresses two immediate threats that will shape the next century: a growing global antibiotic resistance crisis and the challenge of reducing global greenhouse gas emissions.

StormFisher Hydrogen Raises $30 Million From ARC Financial

By Amit Chowdhry ● Mar 7, 2024

StormFisher Hydrogen (a low carbon fuel facility development company) announced it has secured a $30 million investment from ARC Financial. The funding round will be used to develop an existing pipeline of projects in the United States and Canada.

T. Rowe Price Launches New Retirement Income Tool For Optimizing Social Security Benefits

By Amit Chowdhry ● Mar 7, 2024

T. Rowe Price announced the launch of Social Security Optimizer, which is a tool designed to help individual investors and plan participants maximize Social Security benefits given their expected lifespan.

Argyle: Payroll Connectivity Company Raises $30 Million

By Amit Chowdhry ● Mar 7, 2024

Argyle - a leading provider of direct-source income and employment data - announced the successful closing of a $30 million funding round led by Rockefeller Asset Management’s Fintech Innovation Fund. Rockefeller was joined by return investors Bain Capital Ventures, SignalFire, and Checkr.

Plusgrade Raises Funding From General Atlantic

By Amit Chowdhry ● Mar 7, 2024

General Atlantic announced a strategic growth investment in Plusgrade, a leader powering ancillary revenue solutions for the travel industry. With this deal, Novacap will fully exit its stake in Plusgrade, and existing investor CDPQ will remain a significant shareholder.

Simplilearn And Purdue University Partner To Bridge Skills Gap In Gen AI

By Amit Chowdhry ● Mar 7, 2024

Simplilearn (a global digital skills training provider) extended its collaboration with Purdue University Online to introduce the Applied Generative AI Specialization program. This program was carefully designed to equip professionals with the essential skills and knowledge needed to navigate the rapidly evolving field of Generative Artificial Intelligence (Generative AI).

Phagenesis: $42 Million To Develop Neurostimulation System To Treat Swallowing Dysfunction

By Amit Chowdhry ● Mar 7, 2024

Phagenesis - a pioneering UK company that has developed a revolutionary neurostimulation system to treat swallowing dysfunction - announced it has closed a $42 million Series D financing all equity investment round. And investment syndicate was led by EQT Life Sciences, and co-led by Sectoral, with new investors British Patient Capital, Northern Gritstone and Aphelion/Cardeation Capital also joining the round. This funding reflects their recognition of the transformative potential of Phagenesis' cutting-edge therapy, Phagenyx.

Why Accenture Is Buying Udacity

By Amit Chowdhry ● Mar 7, 2024

Accenture announced it has agreed to acquire Udacity, a digital education pioneer with deep expertise in developing and delivering proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. The terms of the deal were not undisclosed.

Global Infrastructure Partners: $2.1 Billion Closed For Inaugural Emerging Markets Fund

By Amit Chowdhry ● Mar 6, 2024

Global Infrastructure Partners (GIP) announced that GIP Emerging Markets Fund I (GIP EM) completed fundraising for more than $2.1 billion in aggregate committed capital.

Healthee: $32 Million Secured To Enhance Care Outcomes

By Amit Chowdhry ● Mar 6, 2024

Healthcare tech company Healthee announced the successful completion of its Series A funding round, co-led by Fin Capital, Glilot Capital Partners, and Group11, with strategic partner TriNet also participating.

JLL Partners Reveals Managing Director Promotions

By Amit Chowdhry ● Mar 6, 2024

JLL Partners (a New York-based middle market private equity firm focused on investing in businesses in the healthcare, aerospace and defense, and business services sectors) announced the appointments of Vikas Mouli and James Shillito to the position of Managing Director.