Archives

Formless: $2.2 Million Raised To Create Virtual And Physical Experiences

By Annie Baker ● Dec 29, 2023

Formless - a company building decentralized network infrastructure for property rights management and revenue sharing - recently announced the successful raise of over $2.2 million in pre-seed funding. And the consortium of investors includes a16z Crypto CSS, Beacon web3 accelerator, and angel investors that include Sandeep Nailwal (Co-Founder of Polygon Network), Ryan Fang (Co-Founder and COO of Ankr), Dharmesh Shah (Founder and CTO of HubSpot), and Dallas Austin (Grammy-award winning producer and CEO of Dallas Austin Distribution).

PaintJet: Robotics Company Closes $10 Million To Bring Automation To Industrial Painting

By Noah Long ● Dec 29, 2023

PaintJet - the robotics company bringing automation to industrial painting - recently announced it has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages. And the latest funding round was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.

ElastiFlow: Network Observability Solutions Company Secures $3 Million

By Dan Anderson ● Dec 29, 2023

ElastiFlow - a leading provider of network observability solutions - recently announced the successful completion of a $3 million seed funding round led by Venture Guides. This investment will fuel the ElastiFlow mission to redefine the landscape of network observability and accelerate the company's growth.

Salt Labs: Loyalty/Financial Tech Company Raises $8 Million From Third Prime

By Annie Baker ● Dec 29, 2023

Salt Labs - a loyalty and financial technology company that bridges the gap between employers and employees - recently announced Third Prime has invested $8 million in the company.

Hyperlink Ventures: $32 Million Debut Fund Launches To Invest In Next-Gen B2B Companies

By Amit Chowdhry ● Dec 29, 2023

Hyperlink Ventures - a new venture capital firm founded earlier this year and managed by three up-and-coming partners, Eli Cole, Sarosh Adi, and Piran Adi - recently announced closing its oversubscribed first fund at $32 million. The new fund will invest primarily in Series A and Series B stage companies, focusing on technology breakthroughs that help the world’s largest corporations and industries increase productivity through software.

PolicyMap: Geographic Data And Analytics Platform Closes $3 Million

By Dan Anderson ● Dec 29, 2023

PolicyMap - a leading geographic data and analytics company - recently announced the closing of a $ 3 million Series A financing round led by existing investor Reinvestment Fund and joined by Ben Franklin Technology Partners, Spring Point Partners, PolicyMap Board Members, Employees, and Friends and Family.

Axelspace: Microsatellite Company Raises $44 Million

By Annie Baker ● Dec 29, 2023

Axelspace Holdings recently announced that the company completed its Series D funding round, raising approximately JPY 6.24 billion (equivalent to $44 million). This funding round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, several venture capital firms, and corporate investors. This funding round brings the cumulative amount of equity financing to approximately JPY 14.3 billion.

NDI: How This Company’s Technology Is Helping Facilitate Virtual Broadcasting Studios In A Multi-Billion TAM

By Amit Chowdhry ● Dec 29, 2023

NDI originally started out as a proprietary technology invented and used within NewTek (a company acquired by Vizrt Group). Today, NewTek is no longer but NDI and Vizrt operate as standalone companies within the Vizrt Group. Pulse 2.0 interviewed NDI Head of Strategy Miguel Coutinho to learn more.

Pattern Energy: $11 Billion In Financing Closed For Largest Clean Energy Infrastructure Project In U.S. History

By Amit Chowdhry ● Dec 29, 2023

Pattern Energy Group LP - a leader in renewable energy and transmission infrastructure - recently announced that it has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, the largest clean energy infrastructure project in U.S. history.

Main Street Capital Invests $43.2 Million In Pinnacle Topco

By Annie Baker ● Dec 29, 2023

Main Street Capital Corporation recently announced that it recently completed a new portfolio investment totaling $43.2 million to facilitate the recapitalization of Pinnacle Plastics, Inc. and Integrity Plastics, Inc. (known as Pinnacle together), a manufacturer and distributor of commercial can liners, polyethylene bags, produce bags, and other adjacent products for use predominantly in the quick-service restaurant, convenience store, and janitorial services industries.

MediWound Receives $6.7 Million U.S. DoD Funding For Advancing NexoBrid Development

By Amit Chowdhry ● Dec 29, 2023

MediWound - a fully-integrated biopharmaceutical company focused on next-generation enzymatic therapeutics for tissue repair - recently announced that the U.S. Department of Defense (DoD), through the Medical Technology Enterprise Consortium (MTEC) has awarded MediWound an additional $6.7 million in non-dilutive funding for developing NexoBrid as a non-surgical solution for field-care burn treatment for the U.S. Army.

Rephrase.ai: Making Videos Easier To Generate In Over A $10 Billion Market

By Amit Chowdhry ● Dec 29, 2023

Rephrase.ai is a generative AI platform that enables you to convert plain text into professional-quality videos within minutes. Pulse 2.0 interviewed Rephrase.ai co-founder and CEO Ashray Malhotra to learn more about the company.

U.S. Air Force Awarding Viasat Up To $900 Million For Indefinite Delivery/Indefinite Quantity (IDIQ) Contract

By Annie Baker ● Dec 29, 2023

Viasat - a global leader in satellite communications - recently announced it will work with the U.S. Air Force's Life Cycle Management Center (USAF LCMC) to transition and integrate new innovative technologies and capabilities as part of a $900 million ceiling, Indefinite Delivery/Indefinite Quantity (IDIQ) contract. As part of the multi-award contract – known by its initialism LCMC XA IDIQ – Viasat is expected to prototype and test systems, hardware, software, and cybersecurity solutions to provide integrated and multi-domain capabilities for the USAF.

Base Operations: Global Threat Intelligence Company Raises $9.1 Million

By Dan Anderson ● Dec 28, 2023

Base Operations – a leader in SaaS-based global threat intelligence for physical security – recently announced the successful closing of a $9.1 million Series A led by Grotech Ventures and Spero Ventures with notable contributions from Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels.

Cart.com Raises $30 Million In Growth Capital From Trinity

By Amit Chowdhry ● Dec 28, 2023

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies – recently announced the commitment of $30 million in growth capital to Cart.com, a provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere.

Lyndra Therapeutics: Clinical-Stage Biopharmaceutical Company Closes $101 Million

By Annie Baker ● Dec 28, 2023

Lyndra Therapeutics - a clinical-stage biopharmaceutical company – recently announced the closing of a $101 million Series E financing round. The proceeds of the funding round, led by Sarissa Capital and including Sun Pharmaceutical Industries Limited and Polaris Partners, will support the development of Lyndra’s pipeline, including oral weekly risperidone (LYN-005), which is near completion of a pivotal phase 3 study.

Why Enpro Is Buying Advanced Micro Instruments For $210 Million

By Amit Chowdhry ● Dec 28, 2023

Enpro - an industrial technology company – recently announced that it has entered into a definitive agreement to acquire Advanced Micro Instruments, Inc. (AMI), a leading provider of highly engineered, application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition. Under the terms of the deal, Enpro will acquire AMI for $210 million in cash, representing a valuation of about 13x normalized 2023 EBITDA.

Rightpoint: How This Company Helps Clients Accelerate Digital Transformations From Front To Back Office

By Amit Chowdhry ● Dec 27, 2023

Rightpoint (a Genpact company) is a global experience leader with over 700 employees across 12 offices who work with clients to drive growth by delivering experiences that transform how people, technology, and businesses interact. Pulse 2.0 interviewed Rightpoint's Chief Marketing Officer and Global Alliances Lead, Neil Dowling, to learn more about the company.

AstraZeneca Buying Gracell Biotechnologies For Up To $1.2 Billion

By Annie Baker ● Dec 27, 2023

Gracell Biotechnologies - a global clinical-stage biopharmaceutical company dedicated to developing innovative cell therapies for the treatment of cancer and autoimmune diseases – recently announced it has entered into a definitive agreement to be acquired by AstraZeneca.

Bristol Myers Squibb Acquiring RayzeBio In $4.1 Billion Deal: Details

By Amit Chowdhry ● Dec 27, 2023

Bristol Myers Squibb and RayzeBio recently announced a definitive merger agreement under which Bristol Myers Squibb will acquire RayzeBio for $62.50 per share in cash, for a total equity value of approximately $4.1 billion (or $3.6 billion net of estimated cash acquired). The deal was unanimously approved by both the Bristol Myers Squibb and RayzeBio Boards of Directors.

Why Cisco Is Buying Isovalent

By Amit Chowdhry ● Dec 27, 2023

Cisco recently announced the intent to buy Isovalent, a leader in open-source cloud-native networking and security, to boost its secure networking capabilities across public clouds. The acquisition of Isovalent will build on Cisco’s Security Cloud vision, an AI-driven and integrated security platform for organizations of all sizes.

Portal26: Scaling GenAI Trust And Security Management In Over A $400 Billion Market

By Amit Chowdhry ● Dec 27, 2023

Portal26 (formerly Titaniam) is an award-winning Generative AI (GenAI) visibility and data security leader. The company’s GenAI Visibility and AI Trust, Risk, and Security Management (AI TRiSM) SaaS Platform helps organizations embrace and accelerate the competitive promise of GenAI throughout the enterprise. Pulse 2.0 interviewed Portal26 CEO and founder Arti Raman to learn more about the company.

web3mine: Web3 Tool Company Raises $6 Million

By Annie Baker ● Dec 26, 2023

web3mine - an open-source innovation lab building Web3 tools that help humanity transition to community-owned and -governed internet infrastructure – recently announced its emergence from stealth mode following a successful $6 million seed funding round. This funding round was led by 1kx, a leading Web3 investor and also included Protocol Labs and a community of angel investors.

rabbit: $10 Million Secured To Build The Future Of Human-Machine Interface

By Amit Chowdhry ● Dec 26, 2023

rabbit - an AI startup building the future of human-machine interface – recently announced that it has raised a $10 million Series A round led by existing investor Khosla Ventures, bringing the total funding to $30 million.

Unnatural Products: $32 Million Raised To Develop Next-Gen Molecularly Targeted Therapeutics

By Annie Baker ● Dec 26, 2023

Unnatural Products - a biotech company pairing AI with chemistry to usher in the next generation of molecularly targeted therapeutics – recently announced $32 million in Series A funding, led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures. And other new investors include First Spark Ventures, The Venture Collective, Humain Ventures, LongeVC, and Not Boring Capital, along with participation from existing investors.

TFI International Buying Daseke For $1.1 Billion: Details

By Dan Anderson ● Dec 25, 2023

TFI International, a North American leader in the transportation and logistics industry, recently announced it has agreed to acquire Daseke, one of the leading flatbed and specialized transportation and logistics companies in North America, for $8.30 in cash per common share.

Why MSCI Is Buying Fabric

By Dan Anderson ● Dec 25, 2023

MSCI - a leading provider of mission-critical decision support tools and services for the global investment community – recently announced its purchase agreement to acquire Fabric, a wealth technology platform specializing in portfolio design, customization, and analytics for wealth managers and advisors.

Luna: $50 Million Strategic Investment Received From White Hat Capital

By Noah Long ● Dec 25, 2023

Luna Innovations - a global leader in advanced fiber optic-based technology – recently announced a $50 million investment by White Hat Capital Partners, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications.

Bristol Myers Squibb Buying Karuna Therapeutics For $14 Billion: Details

By Amit Chowdhry ● Dec 25, 2023

Bristol Myers Squibb and Karuna Therapeutics recently announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330 per share in cash, for a total equity value of $14 billion, or $12.7 billion net of estimated cash acquired. The deal was unanimously approved by both the Bristol Myers Squibb and Karuna Boards of Directors.

Vestwell: Employer And Individual Savings Platform Company Raises $125 Million

By Amit Chowdhry ● Dec 25, 2023

Vestwell – a leading employer and individual savings platform – recently announced it raised its Series D round, totaling $125 million. Lightspeed Venture Partners led the funding round. And existing investors Fin Capital, Primary Venture Partners, FinTech Collective, and newcomers Blue Owl and HarbourVest also participated.