Archives

Direqt: $4.5 Million Secured To Advance AI Chatbot Platform

By Annie Baker ● Nov 1, 2023

Direqt - the first AI chatbot platform built exclusively for publishers - recently announced $4.5 million in funding from a private consortium of entrepreneurs and executives, including Todd Parker, former Global Head of Business Development for Business Messaging at Google, NFL Hall of Famer Dan Marino, Peter Callahan, Former CEO of American Media, Ron Antevy, Founder & CEO e-Builder and Dave Walsh, Partner at Kayne Anderson.

Upfort: Cyber Security And Insurance Platform Company Closes $8 Million

By Noah Long ● Nov 1, 2023

Upfort - a leading cyber security and insurance platform - recently announced it has raised $8 million in a Series A funding round led by SYN Ventures, with additional participation from Eniac Ventures, Fika Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners, Gaingels and Cyber Mentor Fund.

Fibracast: $44.6 Million Round Closed To Advance Membrane Technologies For Wastewater Treatment

By Annie Baker ● Nov 1, 2023

Fibracast - a leading developer and manufacturer of innovative membrane technologies for advanced water and wastewater treatment - announced that it has closed a $44.6 million issue of Class A Preferred Shares.

Why Blue Owl Capital Is Buying Funds Managed By Cowen Healthcare Investments

By Amit Chowdhry ● Nov 1, 2023

Blue Owl Capital recently announced an agreement to acquire funds managed by Cowen Healthcare Investments (CHI), a life sciences investment manager, from CIM. The deal is subject to customary closing conditions and is expected to close in the fourth quarter of 2023.

Assureful: E-Commerce Insurance Provider Closes $1.5 Million

By Annie Baker ● Nov 1, 2023

Assureful - the first insurance provider built exclusively for Amazon and eCommerce sellers - recently announced it has closed a $1.5 million pre-seed funding round led by Markd. The funding round also included participation from Greenlight Re Innovations.

Abridge: Clinical Documentation Company Secures $30 Million

By Amit Chowdhry ● Oct 31, 2023

Abridge - a leader in generative AI for clinical documentation - recently announced a Series B raise of $30 million, led by Spark Capital. The funding round also included existing investor Bessemer Venture Partners, as well as several leading healthcare innovators, including CVS Health Ventures, Kaiser Permanente Ventures, Lifepoint Health, Mayo Clinic, SCAN Group, UC Investments (University of California), and the American College of Cardiology.

Klu: LLM Application Platform Company Raises $1.7 Million

By Amit Chowdhry ● Oct 31, 2023

Klu - a leading large language model (LLM) application platform for building, evaluating, and optimizing AI applications - recently announced that it has raised a $1.7 million pre-seed funding round led by Firstminute Capital. Scouts from top VC firms, including a16z, Sequoia Capital, Craft Ventures, and Atomico, also participated alongside angel investors from Superhuman, IBM, Productboard, and other leading technology companies.

Abingworth: Transatlantic Life Sciences Investment Firm Closes $356 Million

By Amit Chowdhry ● Oct 31, 2023

Abingworth - a leading international life sciences investment group, part of global investment firm Carlyle - recently announced the final closing of its new Clinical Co-Development Co-Investment Fund at $356 million. Abingworth Clinical Co-Development Co-Investment Fund (CCD-CIF) was significantly oversubscribed, exceeding a target of $300 million.

1337: $4 Million Raised To Connect Niche Communities

By Annie Baker ● Oct 31, 2023

1337 - a generative AI platform committed to connecting niche communities through hyper-personalized interests - recently emerged from stealth today with the announcement of a $4 million pre-seed round. The investors include Credo Ventures, GFR Fund, Treble Capital, Roosh Ventures, and individuals including Hugging Face CEO Clément Delangue and impact investor Natalia Vodianova.

Why Accenture Is Buying Comtech Group And ConcentricLife

By Amit Chowdhry ● Oct 31, 2023

Accenture recently announced that it has acquired Comtech Group and ConcentricLife. These are the details of the deals.

SavvyMoney: How This Company Is Disrupting The Credit Score Market

By Amit Chowdhry ● Oct 31, 2023

SavvyMoney is a credit score solution for every online and mobile banking platform, helping people understand or improve their scores. Pulse 2.0 interviewed SavvyMoney president and CEO JB Orecchia to learn more about the company.

How Skillable Helps Organizations Upskill Their Employees

By Amit Chowdhry ● Oct 31, 2023

Skillable is a company that focuses on validated experiences and challenge-centric learning to transform how organizations upskill their customers, partners and employees. Pulse 2.0 interviewed Skillable Executive Chairman and Co-founder Corey Hynes, a network engineer and software developer turned entrepreneur, to learn more.

LyGenesis: $19 Million Closed To Develop Cell Therapies

By Annie Baker ● Oct 31, 2023

LyGenesis - a clinical-stage biotechnology company developing cell therapies for patients with end-stage liver disease, type 1 diabetes, end-stage renal disease, and aging - recently announced it had raised more than $19 million in a Series A-2 financing round led by Prime Movers Lab, investors in breakthrough scientific startups, with follow-on funding from Juvenescence.

xtype: Agile Software Delivery Company Secures $10.8 Million

By Noah Long ● Oct 31, 2023

Agile software delivery company xtype recently announced that it had secured additional funding following a stellar year of growth in the business, having achieved four times revenue growth over the last 14 months and a significantly increased market presence. Columbia Capital and Innerloop Capital led this funding round, and it saw participation from SaaS Ventures and other investors. Specializing in enterprise clients using ServiceNow, xtype will be able to use the new funding round to meet increased demand and expand product development.

LegalMation: $15 Million Raised To Advance Generative AI-Driven Solutions For High-Volume Litigation

By Dan Anderson ● Oct 31, 2023

LegalMation - a market leader in Generative AI-driven solutions for high-volume litigation - recently announced it has raised a $15 million Series A financing round led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth, with continued participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.

Matter Bio Receives Investment From LifeSpan Vision Ventures

By Annie Baker ● Oct 31, 2023

LifeSpan Vision Ventures recently announced an investment in Matter Bio, a longevity holding company focused on preserving genome integrity. At the center of the company's philosophy is that as we age, the genome is constantly being damaged by exogenous and endogenous sources.

Innerworld: $2 Million Grant Received From NIMH

By Amit Chowdhry ● Oct 30, 2023

With the global mental health crisis spreading, Innerworld emerged as a proven effective solution to reduce symptoms of depression and anxiety. The company offers peer-to-peer support groups with expert guides trained in Cognitive Behavioral Immersion, providing evidence-based tools during live groups in social virtual worlds. Innerworld recently received $2 million in funding from the National Institute of Mental Health (NIMH) to conduct a randomized control trial at the University of Southern California to continue testing the effects of CBI on depression.

Opal Camera: $17 Million Closed To Look And Sound Professional On Video Calls

By Dan Anderson ● Oct 30, 2023

Opal Camera recently announced the completion of its Series A funding round, totalling $17 million. This funding round was led by Founders Fund, with continued participation from Kindred Ventures and other notable investors, including renowned tech creators Marques Brownlee and Casey Neistat.

Preczn: Financial Services Company Raises $6.8 Million

By Annie Baker ● Oct 30, 2023

Preczn - a leading financial services Command Center specializing in vertical SaaS platforms - recently announced the successful acquisition of $6.8 million in funding. The recent funding round was led by Flyover Capital and Blank Ventures, with notable participation from Grand Ventures, Gilgamesh Ventures, SaaS Ventures, Rosecliff Ventures, Nelnet Ventures, among others.

Twelve Labs: Video Understanding Company Secures $10 Million

By Annie Baker ● Oct 30, 2023

Video understanding company Twelve Labs recently announced the debut of game-changing technology along with the release of its public beta. Along with the company’s latest advancements, Twelve Labs disclosed a $10 million strategic investment. Investors such as NVentures (NVIDIA's venture capital arm); Intel, Samsung Next, and others see Twelve Labs' technology as driving the future of video understanding. This investment, in alignment with the company, will create novel opportunities and exciting product integrations that will change the video landscape.

Revelation Partners: $608 Million Fund Closed, Substantially Surpassing $500 Million Target

By Amit Chowdhry ● Oct 30, 2023

Revelation Partners recently announced the closing of its $608 million Fund IV, substantially surpassing the healthcare investment firm's initial target of $500 million. Now Revelation Partners manages $1.5 billion of committed capital as the firm provides liquidity and flexible capital solutions to investors, companies, limited partners and general partners across all healthcare sub-sectors.

WealthBlock: This White Label Private Capital Raising Platform Is Transforming A $3 Billion Industry

By Amit Chowdhry ● Oct 30, 2023

WealthBlock is a fintech firm that built the industry's #1 white-label private capital-raising platform. And by integrating key funding tools (CRM, data room, investor verification, sub-doc e-signature, fund admin, etc.), the company’s solution streamlines processes and increases productivity by ten times. Pulse 2.0 interviewed WealthBlock founder and CEO Trilliam Jeong to learn more.

Triple-A: Digital Currency Payment Company Secures $10 Million

By Annie Baker ● Oct 30, 2023

Global digital currency payment company Triple-A recently announced their US$10 Million Series A funding round today. Leading the funding round are repeat investors Peak XV Partners (formerly known as Sequoia India & South East Asia), along with the strategic backing of Shorooq Partners, one of MENA's leading technology investors.

Sage: $15 Million Closed To Improve Care Quality For Older Adults

By Noah Long ● Oct 30, 2023

Sage - a technology company reinventing care for older adults through its unified care coordination platform, has raised $15 million in Series A funding led by new investor Maveron. The round includes all major investors, including Goldcrest Capital, ANIMO Ventures, and Distributed Ventures. Natalie Dillon, partner at Maveron, will join the Sage board of directors as the first outside board member.

Threedium: 3D Developer Tool Company Closes $11 Million In Funding

By Dan Anderson ● Oct 30, 2023

Threedium - a market leader in 3D/AR high-fidelity assets that's changing the face of e-commerce on web and mobile - recently announced the closing of its Series A funding with $11 million investment. The funding round was led by Interpublic Group and Olma Partners with additional support from Mesh Consensys, Reflexive Capital, Nirvana Family Office, Lyra Ventures, Edenbase, and Kinisis Venture Fund I.

Omnicom Buying Flywheel For About $835 Million: Details

By Amit Chowdhry ● Oct 30, 2023

Omnicom announced today it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential for a net cash purchase price of approximately $835 million. And Flywheel's services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba.

Rampart Bioscience: $85 Million To Create Medicines For Patients With Debilitating Diseases

By Annie Baker ● Oct 30, 2023

Rampart Bioscience - a biotechnology company developing next-generation biologics - recently announced an $85 million Series A financing to create medicines to unburden patients from disease and their treatments. And the new funding round builds on an initial $40 million seed investment from OrbiMed. Rampart’s DNA-based medicines platform HALO was inspired and developed using cues from nature to overcome the key limitations and safety concerns of viral and early non-viral gene approaches.

Eavor Technologies: $182 Million In Financing Completed

By Amit Chowdhry ● Oct 30, 2023

Eavor - a pioneer in advanced geothermal energy solutions - recently announced the successful completion of $182 million in financing. This significant funding round will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology.

RadiantGraph: $5 Million Raised To Drive Consumer Engagement For Health Plans

By Dan Anderson ● Oct 30, 2023

RadiantGraph - a platform using machine learning and artificial intelligence to drive consumer engagement for health plans - recently announced its launch after raising $5 million in seed funding in a round led by True Ventures and XYZ Ventures, with participation from Remus Capital. This funding round will be used to accelerate growth, which includes partnering with new healthcare organizations and advancing their enterprise health and health plan product offerings.

Granica: This Company Helps Boost ROI On AI In A $3 Billion Market

By Amit Chowdhry ● Oct 30, 2023

Granica is the world’s first AI efficiency platform and it boosts ROI on AI by increasing the information efficiency of AI training data, freeing up resources that C-level executives and enterprise AI teams can use to reduce costs and improve AI performance and outcomes. Pulse 2.0 interviewed Granica co-founder and CEO Rahul Ponnala to learn more about the company.