Archives

CrowdStrike And AWS Pick 22 Startups For AWS & CrowdStrike Cybersecurity Accelerator

By Amit Chowdhry ● Feb 6, 2024

CrowdStrike announced the 22 companies selected for the inaugural Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for Europe, Middle East, and Africa (EMEA) based startups. Selected from hundreds of applicants, the cohort will receive customized mentorship, technical expertise, and partnership opportunities from the AWS Startup Loft Accelerator (SLA) program, with a potential to receive funding from CrowdStrike’s strategic investment vehicle, CrowdStrike Falcon Fund.

Recurrent Energy: $160 Million In Project Financing Closed And Microsoft Secured As Customer

By Amit Chowdhry ● Feb 6, 2024

Recurrent Energy (a subsidiary of Canadian Solar) and a global developer and owner of solar and energy storage assets) announced that it has secured $160 million in project financing for its 127 MWdc Bayou Galion Solar project, located in Morehouse Parish in Northeast Louisiana. This project is currently under construction and is expected to be operational by fall 2024.

Why DNOW Is Buying Whitco Supply

By Annie Baker ● Feb 6, 2024

DNOW has agreed to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions.

Spearmint Energy: $47.5 Million Project Finance Term Loan Raised From Manulife

By Amit Chowdhry ● Feb 6, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider. This term loan will support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh battery energy storage system (BESS) project located in West Texas’ ERCOT power market.

Elemind: AI-Enhanced Neurotech Health Company Raises $12 Million

By Amit Chowdhry ● Feb 6, 2024

A group of leading scientists, doctors, and entrepreneurs have unveiled a first-of-its-kind wearable neurotechnology platform that utilizes proprietary algorithms and AI to improve health through noninvasive, proactive brainwave stimulation without the side effects of pharmaceuticals. Elemind - the new AI-enhanced neurotech health company - emerged from stealth closed a $12 million seed round to further develop its first product ahead of its reveal in the coming months.

Arglass: Over $230 Million Raised To Build Another Furnace In Georgia

By Amit Chowdhry ● Feb 6, 2024

Glass container manufacturer company Arglass announced it has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia. And Arglass raised a combination of structured equity and debt to finance the construction.

Candor: Series B Funding Raised In Round Led By Rice Park

By Annie Baker ● Feb 6, 2024

Candor Technology (a leading provider of automated underwriting technology and other technology enabled solutions for the mortgage industry) announced it has closed a Series B equity round to expand its Loan Engineering System’s capabilities.

ArteraAI: $20 Million Raised To Develop AI Tests For Personalizing Cancer Therapy

By Amit Chowdhry ● Feb 6, 2024

ArteraAI - a developer of multimodal artificial intelligence (MMAI) based predictive and prognostic cancer tests - announced that it has secured an additional $20 million in capital fueled by several prominent large investment funds including Prosperity7 Ventures, EDBI, Walden Catalyst Ventures, Wilson Sonsini Goodrich & Rosati, and Trium Ventures, along with investors Navin Chaddha, Rajiv Khemani (AISpace VC), and Andrew & Elliott Tan (A&E Investment LLC).

Why SageWater Is Buying AMA Repiping

By Dan Anderson ● Feb 6, 2024

Boyne Capital and Grindstone Partners announce the add-on acquisition of AMA Repiping by SageWater, LLC, a Boyne and Grindstone portfolio company.

Rider Dome: AI-Driven Motorcycle Safety Solution Raises $2.3 Million

By Annie Baker ● Feb 6, 2024

Rider Dome - a Singapore-based company specializing in AI-driven safety solutions for motorcycle fleets and riders - announced the successful completion of a $2.3 million seed funding round. Participating in the round were private angel investors Goldbell (a prominent Singaporean venture capital firm) specializing in mobility and Radha Rani Holdings Family Office based in Singapore.

Evrotrust: Digital Transformation Provider Company Raises €3.3 Million

By Noah Long ● Feb 6, 2024

Evrotrust - a Europe-based trusted digital transformation provider - announced it has received a significant investment of €3.3 million from existing clients and private equity fund Silverline Capital. This is just a few months after Evrotrust got recognized as a notified eID scheme by the European Commission. This funding reinforces Evrotrust's position as a major European digital identity market player.

Edyoucore: Helping Sports And Entertainment Figures Achieve Financial Literacy

By Amit Chowdhry ● Feb 6, 2024

Edyoucore aims to improve the trend of inadequate financial literacy for those in the sports and entertainment world. The company’s team of industry experts, athletes, and entertainers are committed to Edyoucore’s approach to early education and ongoing support. Pulse 2.0 interviewed Edyoucore founder Drew Hawkins to learn more about the company.

Techreo Raises $3.4 Million Bridge Funding Round

By Dan Anderson ● Feb 6, 2024

Creation Investments Capital Management (a leading global impact investor in emerging markets) announced its participation in a $3.4 million bridge funding round to support the expansion of Techreo, a Mexico City-based digital financial services platform, further. And G2 Momentum, a venture capital firm in Mexico City, was also part of the financing round.

Xcelerate Solutions To Merge With VMD Corp

By Annie Baker ● Feb 6, 2024

Xcelerate Solutions - a leading defense and national security company and portfolio company of McNally Capital - announced it has merged with VMD Corp.

ActionStreamer: IoT Media Streaming Platform Company Closes $2.4 Million In Funding

By Noah Long ● Feb 6, 2024

ActionStreamer - a market-leading media streaming platform for IoT devices - announced the closing of its $2.4 million Series A funding round, led by JumpStart Ventures through the Advanced Manufacturing Fund, managed with support from MAGNET. The Castellini Management Company, owners of the Cincinnati Reds, also co-invested in the round.

Why Chartis Is Buying HealthScape Advisors

By Dan Anderson ● Feb 6, 2024

Chartis (a leading healthcare advisory firm) announced that it has acquired HealthScape Advisors (a leading healthcare payer consulting firm). Based in Chicago with 160 professionals, HealthScape helps payers across all segments, including commercial, Medicare, Medicaid, ACA, and federal, navigate the evolving healthcare landscape.

Volta Insite Raises $7 Million In Seed Funding To Accelerate InsiteAI Platform

By Noah Long ● Feb 6, 2024

Volta Insite announced the successful completion of its seed round funding, raising $7 million to accelerate the development of InsiteAI. This is the most advanced tool for monitoring vital electrical assets to eliminate costly downtime.

Why Clean Harbors Is Buying HEPACO For $400 Million

By Amit Chowdhry ● Feb 6, 2024

Clean Harbors has announced it has entered into a definitive agreement with Gryphon Investors to acquire HEPACO, a leading provider of specialized environmental and emergency response services in the Eastern United States, for $400 million in cash.

Verily Names Myoung Cha As Chief Product Officer

By Annie Baker ● Feb 6, 2024

Verily (an Alphabet precision health technology company) announced the appointment of Myoung Cha as Chief Product Officer. And Cha will join Verily’s leadership team to lead strategy and development across the company’s care (Verily Onduo), research (Verily Viewpoint), and products (Verily Numetric) portfolio as the company furthers its precision health strategy.

Trinity Hunt Partners: Oversubscribed Fund VII Closed At $700 Million Hard Cap

By Amit Chowdhry ● Feb 6, 2024

Trinity Hunt Partners has announced the closing of Trinity Hunt Partners VII (Fund VII) at its hard cap of $700 million in capital commitments. And Fund VII was oversubscribed, with fundraising completed in less than five months.

6AM City: Series A Funding Round Led By Tegna Raised

By Annie Baker ● Feb 6, 2024

6AM City - which is one of the fast-growing local daily newsletter company - announced it has closed its series A funding round led by TEGNA.

Malone’s CNC Machining Raises $3 Million From Advantage Capital

By Noah Long ● Feb 6, 2024

Advantage Capital (a leading impact investment firm) announced a $3 million investment in Malone’s CNC Machining (a manufacturer of replacement parts and assemblies for United States military aircrafts). And the company will use the financing to support the purchase of new equipment and address working capital needs.

Ambience Healthcare Raises $70 Million To Develop AI Operating System For Healthcare Organizations

By Amit Chowdhry ● Feb 6, 2024

Ambience Healthcare - which is one of the most comprehensive AI operating systems for healthcare organizations - has announced a $70 million Series B raise co-led by Kleiner Perkins and OpenAI Startup Fund. The raise also includes existing investors Andreessen Horowitz and Optum Ventures.

Health Prime International Receives Majority Investment From Aquiline Capital Partners

By Dan Anderson ● Feb 6, 2024

Health Prime International - a provider of revenue cycle management (RCM) solutions for physician practices - announced that Aquiline Capital Partners LP has made a majority investment.

Avnos Raises $36 Million In Funding Round Led By NextEra Energy

By Amit Chowdhry ● Feb 6, 2024

Avnos - a Los Angeles-based company developing novel Hybrid Direct Air Capture (HDAC) technology for carbon dioxide removal - announced it had closed $36 million in Series A funding. Avnos will use the new funding round to grow its world-class team, deploy additional HDAC assets across North America and Europe, and open a new, state-of-the-art research and development facility located just outside New York City.

Why Haveli Is Buying ZeroFox For About $350 Million

By Amit Chowdhry ● Feb 6, 2024

ZeroFox Holdings (a leading provider of external cybersecurity) announced that it has entered into a definitive agreement to be acquired by Haveli Investments, a technology-focused private equity firm, in an all-cash transaction with an enterprise value of approximately $350 million.

Bettormetrics: Sports Betting Analytics Company Closes Series A In Funding

By Annie Baker ● Feb 6, 2024

Sports betting analytics specialist Bettormetrics announced that it raised Series A funding from Bettor Capital and Velo Partners to build their advanced sports book analytical platform and services. Bettormetrics launched last year and already has several tier 1 bookmakers in the US and Europe using their cloud-based analytics technology.

CAMB.AI: Speech AI Company Raises $4 Million

By Dan Anderson ● Feb 6, 2024

CAMB.AI - a groundbreaking speech AI company that specializes in instantaneously dubbing any performance in over 100 languages, dialects, and accents utilizing the original voices with their nuances - announced that it has raised a $4 million seed round. The funding round - which was led by Courtside Ventures, the investor group includes TRTL Ventures, Blue Star Innovation Partners, Ikemori Ventures, and Eisaburo Maeda. And TRTL and Dubai Future District Fund were early investors in CAMB.AI.

University Of Cincinnati 1819 Innovation Hub And Main Street Ventures Partnership: Details

By Amit Chowdhry ● Feb 6, 2024

To advance the region's burgeoning startup ecosystem, the University of Cincinnati 1819 Innovation Hub announced that Main Street Ventures (MSV), a non-profit capital deployment powerhouse for early-stage technology, retail, and product manufacturing companies, moved into the building this month. The partnership is expected to ramp up Cincinnati's startup and entrepreneurial ecosystem.

Adroit Trading Technologies: $15 Million Raised In Round Led By Centana Growth Partners

By Annie Baker ● Feb 6, 2024

Adroit Trading Technologies has announced a Series A growth round of $15 million led by Centana Growth Partners (a specialized growth equity firm that invests in fintech and related enterprise software). This funding will be used for accelerating growth by expanding client distribution and investing further in research and development.