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Keyfactor: Minority Investment From Sixth Street Raised At $1.3 Billion Valuation

By Amit Chowdhry ● Oct 27, 2023

Keyfactor - the identity-first security solution for modern enterprises - recently announced it has secured a significant minority investment from Sixth Street Growth (the growth investing platform of Sixth Street) at an enterprise value of approximately $1.3 billion. Along with this funding round, Bo Stanley and Alex Katz at Sixth Street will join Keyfactor’s Board of Directors. And Sixth Street’s investment reinforces Keyfactor’s leading position in the digital identity market and will be a further catalyst for growth.

Cogito: AI Coaching Company Raises New Funding Round

By Noah Long ● Oct 27, 2023

Cogito - a leader in real-time AI coaching and guidance for the enterprise - recently announced it has secured new funding to help advance features aimed at better supporting agents in the contact center and improving customer experiences. This funding round - including repeat commitments from two significant investors - validates the importance of delivering strong employee and customer experiences in this turbulent economic climate. This investment demonstrates the impact potential of human-aware AI systems and the belief that Cogito is best suited to deliver on its promise.

QuoteWell: Commercial Insurance Wholesale Brokerage Company Raises Over $15 Million

By Annie Baker ● Oct 27, 2023

QuoteWell - a tech-enabled commercial insurance wholesale brokerage at the forefront of innovating the distribution side of insurance - recently announced the launch of its brokerage operations to serve independent retail agents. And QuoteWell helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers for efficiently finding and placing the risk.

Aleph: $16.7 Million Closed To Advance Next-Gen Financial Planning Platform

By Noah Long ● Oct 27, 2023

Aleph - a source of truth for finance teams - recently emerged from stealth with $16.7 million in financing. This funding round was led by Bain Capital Ventures (BCV) with participation from existing investors Khosla Ventures, Picus Capital, and Y Combinator, including angel investors and current customers.

Koop Technologies: Insurance Tech Company Receives Strategic Investment From Hyundai And Kia

By Annie Baker ● Oct 27, 2023

Koop Technologies - an insurance technology company focused on the robotics ecosystem - recently announced a strategic investment from Hyundai Motor Company and Kia Corporation to boost product development and distribution capabilities for autonomous vehicles and robotics.

Hull Street Energy: Strategic Investment In Upstream Tech

By Dan Anderson ● Oct 27, 2023

Hull Street Energy recently announced it has invested strategically in Upstream Tech. Upstream Tech’s team has an extensive successful track record in software engineering and environmental analysis.

FlyGuys: Data-Capture Technology Company Closes $10 Million

By Amit Chowdhry ● Oct 27, 2023

FlyGuys - a reality data-capturing technology company based in Louisiana - recently announced the closing of its Series A funding round, securing an investment of $10 million. This substantial funding round will catalyze relentless innovation, create a scalable software solutions platform, and strengthen the company's nationwide influence.

CentML: $27 Million Closed To Improve The Cost Of Deploying Machine Learning Models

By Noah Long ● Oct 27, 2023

CentML - a software platform that dramatically improves the performance and cost of deploying ML models - recently announced the completion of a $27 million seed round. This funding round was led by Gradient Ventures, Google's AI-focused venture fund, with participation from Radical Ventures, NVIDIA, Deloitte Ventures, and Thomson Reuters Ventures.

Harmony Games: Mobile Puzzle Gaming Company Raises $3 Million

By Annie Baker ● Oct 27, 2023

Harmony Games - a visionary game development studio with a unique approach to the mobile puzzle gaming market - recently announced the successful closure of its seed round funding, raising an impressive $3 million. The funding round was led by Griffin Gaming Partners, one of the industry's most prominent venture capital firms, alongside notable investors, Kristian Segerstrale, and Akin Babayigit.

Greater Good Health: $20 Million Secured For Addressing Primary Care For Seniors

By Annie Baker ● Oct 27, 2023

Greater Good Health - a healthcare organization enabling and expanding access to value-based care for seniors through a Nurse Practitioner-led model - recently announced it has closed a $20 million Series A financing led by Flare Capital Partners. And Greater Good Health received participation from existing investors, including LRVHealth, Health Velocity Capital, Martin Ventures, and Optum Ventures, as well as from new strategic investors.

FounderSix: Beauty Brand Incubator Secures $12 Million

By Dan Anderson ● Oct 27, 2023

FounderSix - a beauty brand incubator co-founded by Oli Goulden and Pieter Wittgen - recently announced a significant funding milestone. KD Capital (a venture capital firm with a track record of supporting groundbreaking startups) has made a substantial $12 million investment in FounderSix. And this investment marks a transformative moment for FounderSix, enabling the company to extend its proven model and introduce exciting new influencer-led beauty brands.

Aliro Quantum: Funding Received From Cisco Investments

By Noah Long ● Oct 27, 2023

Aliro Quantum recently announced that Cisco Investments has joined its latest round of funding. Cisco is joining Accenture Ventures and lead investor Flybridge Leaders Fund to invest in Aliro Quantum. With this funding round, Aliro Quantum will increase investments in research and development and expand its go-to-market programs and professional services offerings.

Flashpoint Therapeutics: $10 Million Closed To Develop Therapeutics For Cancer And Other Diseases

By Amit Chowdhry ● Oct 27, 2023

Flashpoint Therapeutics - a company developing nanotechnology-enabled therapeutics for cancer and other diseases - recently announced a $10 million seed funding round led by Beta Lab, a leading deep tech venture capital firm headquartered in Riyadh, Saudi Arabia, with participation from leading private equity investor Russell Carson’s CS Venture Opportunities Fund.

Castellum.AI: SaaS Compliance Platform Company Closes $4 Million In Funding

By Annie Baker ● Oct 27, 2023

Castellum.AI recently announced a $4 million seed investment led by Spider Capital with participation from NewFund, Remarkable Ventures, Cameron Ventures and new and existing angel investors. The funding round was oversubscribed by $1.5 million.

Flash Pack: Adventure Travel Company Secures $6.2 Million

By Annie Baker ● Oct 27, 2023

Flash Pack - an adventure-travel company specializing in boutique trips for solo travelers in their 30s and 40s - recently announced a $6.2 million funding round led by JamJar Investments and participation from existing investors PPF. Driven by a loneliness epidemic and the need for connection, the U.S. has become Flash Pack's fastest-growing market, with 60% of its total trip sales driven by demand from U.S. travelers. And the recent investment comes almost exactly three years after the pandemic forced the business into bankruptcy following a series of travel restrictions.

CoverForce: Independent Insurance Company Secures $5 Million

By Dan Anderson ● Oct 27, 2023

CoverForce - the first independent insurance platform bringing streamlined comparisons and one-click buying to commercial insurance - recently emerged from stealth mode, unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies. And the company's infrastructure and easy-to-integrate API aim to provide digital access and one-stop comparison in an offline market with speed and accuracy.

Eden: Natural Resource Recovery Company Closes $12 Million

By Annie Baker ● Oct 27, 2023

Eden - a leader in sustainable natural resource recovery - recently announced that it has closed an oversubscribed $12 million seed funding round. The company has raised $21.3 million to date, including $9.2 million in non-dilutive grants.

Agrology: Phase IIB Funding Received From The NSF

By Noah Long ● Oct 27, 2023

Agrology recently announced that the company received $500,000 in Phase IIB Funding from the National Science Foundation (NSF) to develop further Agrology’s real-time soil carbon and nitrous oxide emission monitoring technology. America’s Seed Fund is powered by the National Science Foundation (NSF) and awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact.

Databricks To Acquire Arcion: Details

By Amit Chowdhry ● Oct 27, 2023

Data and AI company Databricks announced it has agreed to acquire Arcion, which is a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms. And this will enable Databricks to provide native solutions to ingest data from various databases and SaaS applications into the Databricks Lakehouse Platform. The transaction is valued at over $100 million, inclusive of incentives.

Eve: Legal AI Assistant Raises $14 Million

By Annie Baker ● Oct 27, 2023

Eve has officially launched the industry's first personalized AI legal assistant fully trainable to suit the specific needs of law practice. Built with the latest large language models (LLMs) and pre-built legal skills, Eve automates away tasks like document review, case analysis, and legal research, enabling teams to focus on more strategic, high-value initiatives.

Censys: Intelligence Platform Company Raises $75 Million

By Amit Chowdhry ● Oct 27, 2023

Censys - a leading Internet Intelligence Platform for Threat Hunting and Exposure Management - recently announced it secured $75 million in new funding. The funding consisted of a $50 million Series C led by Decibel Partners, GV, Greylock, and Intel Capital - and included new investors Ascension Ventures, Four Rivers, and accounts managed by Hamilton Lane. Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.

Auction.io: Auction And E-Commerce Solutions Company Receives Funding

By Amit Chowdhry ● Oct 27, 2023

Auction.io - a leading B2B SaaS provider of auction and e-commerce solutions - recently announced a substantial capital infusion that will propel its aggressive growth plans. The funding, sourced from a group of prominent investors and Venture Capital funds, including Agya Ventures, Adam Neumann (166 2nd Financial Services), Liquid 2 Ventures, Sam Parr (founder of The Hustle), SRM Development, and more, underscores the confidence in Auction.io's innovative technology and market potential.

Canopy Connect Secures $6.5 Million To Monitor Insurance Information

By Annie Baker ● Oct 27, 2023

Canopy Connect - a leading platform for collecting, verifying, and monitoring insurance information - recently announced it has closed a $6.5 million Series A funding round. The new funding round will enable the company to accelerate growth, increase product velocity, and build upon their success with the platform powering more than 3,500 companies across a broad range of verticals. Nevcaut Ventures led the round, with participation from Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, Global FinTech Venture Partners, and more.

GOZEN: Biomaterials Company Secures $3.3 Million In Seed Funding

By Noah Long ● Oct 27, 2023

GOZEN - a transformative biomaterials startup that is set to disrupt the fashion, automotive and home furnishings industries - recently announced $3.3 million in a seed funding round. This funding round comes from forward-thinking investors like Happiness Capital (lead investor), Accelr8, Astor Management, and SOSV - who recognized GOZEN's unique potential to transform the world of materials through biology. This funding round will enable GOZEN to accelerate research, development, and scaling efforts for its breakthrough biomaterial LUNAFORM, and fuel the creation of new materials.

Sidework: Over $10 Million Raised And Rebrands From Backbar

By Annie Baker ● Oct 27, 2023

Sidework - a pioneering beverage technology company (formerly known as Backbar) - recently announced that it has closed new funding to bring their total raised to over $10 million. The new funding round was led by Cherubic Ventures with continuing participation from Finistere Ventures, SOSV, Outlander Labs, and Pathbreaker Ventures.

Rymedi: Blockchain-Backed Healthcare Data Company Raises $9 Million

By Dan Anderson ● Oct 27, 2023

Rymedi - a healthcare data exchange platform with advanced blockchain security - recently announced a Series A totaling $9 million with plans to expand the reach of their platform. The funding round was co-led by RW3 Ventures and White Star Capital, with participation from Blockchange Ventures, Avalanche's Blizzard Fund, and strategic angel investors from the healthcare industry.

Why EDB Is Buying Splitgraph

By Amit Chowdhry ● Oct 27, 2023

EnterpriseDB (EDB) - a leader in accelerating Postgres in the enterprise - recently announced its acquisition of Splitgraph. This early-stage disruptor offers a Postgres-compatible serverless SQL API for building data-driven applications from hundreds of data sources. This move is considered a meaningful step in EDB's evolution and highlights its commitment to delivering Postgres solutions to customers' evolving challenges across a diverse data landscape.

Trua: Providing Reusable Identity And Risk-Screening Solutions In Over A $30 Billion Market

By Amit Chowdhry ● Oct 27, 2023

Trua is a technology company that provides privacy-preserving reusable identity and risk-screening solutions that assure trust and safety in digital environments, sharing economy, employment, and workforce background screening. Pulse 2.0 interviewed Trua CEO Raj Ananthanpillai to learn more about the company.

Yourco: $2 Million Closed To Bridge The Communication Gap Between Non-Desk Employees

By Annie Baker ● Oct 26, 2023

Yourco - a pioneering SMS-based platform designed to bridge the communication gap between non-desk employees (those who work in the field, on the plant floor, or frontlines rather than behind a desk to do their job) and the front office - recently announced it successfully raised $2 million in a seed funding round. Indianapolis-based Ground Game Ventures led the funding round with additional support from Allos Ventures, Start Something Ventures, Elevate Ventures, and Flywheel Fund. This funding round will accelerate the company's mission to empower the 2.7 billion employees working outside an office with effective workplace communication and automation tools.

Waverly Advisors Buying Rainsberger Wealth Advisors: Details

By Amit Chowdhry ● Oct 26, 2023

Waverly Advisors, LLC - a registered investment advisor (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients - recently announced that it has acquired Rainsberger Wealth Advisors based in Colorado Springs, CO. And with ongoing expansion efforts underway, Waverly has recently added offices in Texas and Mississippi, and now Colorado, in addition to their long-time presence in Alabama, Georgia, and Florida.