Archives

CheckSammy: Bulk Waste And Sustainability Operator Closes $45 Million In Funding

By Annie Baker ● Jan 24, 2024

Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company's ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

Morressier: Research Integrity Company Secures $16.5 Million

By Dan Anderson ● Jan 24, 2024

Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.

Recurrent Energy: $500 Million In Capital Commitment From BlackRock

By Noah Long ● Jan 24, 2024

Recurrent Energy (a subsidiary of Canadian Solar) - a global developer and owner of solar and energy storage assets - announced that it has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business.

Better Stack: Infrastructure Monitoring Company Closes $10 Million In Funding

By Noah Long ● Jan 24, 2024

Better Stack announced it has raised an additional $10 million in funding from a leading European early-stage investor KAYA, an existing backer of Better Stack and Europe's best tech companies, which include Docplanner, Rohlik, and Booksy. And Aaron Levie (CEO at Box) and Kulpreet Singh (ex-UiPath) are joining as angel investors.

Aniai: Robotic Kitchen Solution Company Secures $12 Million In Funding

By Annie Baker ● Jan 24, 2024

Aniai - a fast-growing robotic company and global leader in innovative kitchen solutions – recently announced that it has successfully secured a $12 million pre-Series A funding round.

TPG Invests In Compass Surgical Partners

By Annie Baker ● Jan 24, 2024

TPG (a leading global alternative asset management firm) announced a significant strategic investment in Compass Surgical Partners (an independent full-service ambulatory surgery center (ASC)) development and management partner. And TPG Growth is funding the investment, participating alongside existing investor Health Velocity Capital.

Stellantis Buying AI Technologies And IP From CloudMade

By Amit Chowdhry ● Jan 24, 2024

Stellantis N.V. has announced the acquisition of the artificial intelligence framework, machine learning models, intellectual property rights, and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions.

3thix: Game Monetization Company Secures $8.5 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

3thix – a modern-day approach to all things game monetization - recently announced its first major investment series, totaling $8.5 million, for its upcoming platform. The investors in this initial round include Hand of Midas, the family office of Shurick Agapitov, founder of Xsolla, a global video game commerce company, and Sonic Boom Ventures, the family office of Steve Kokinos, co-founder and former CEO of Algorand.

BillingPlatform: Enterprise Revenue Lifecycle Management Company Secures $90 Million

By Amit Chowdhry ● Jan 24, 2024

BillingPlatform – an enterprise revenue lifecycle management platform for innovative business models - announced a $90 million growth equity investment from FTV Capital. These are the details.

Anomalo: Data Quality Platform Company Raises $33 Million

By Amit Chowdhry ● Jan 24, 2024

Anomalo – a complete data quality platform company – announced that it has raised $33 million in Series B funding, bringing the total raised to $72 million. The funding round was led by SignalFire with participation from strategic investor Databricks Ventures. Previous investors Norwest Venture Partners, Two Sigma Ventures and Foundation Capital also participated in this round.

Sion Power: $75 Million Secured To Commercialize Next-Generation Batteries For EVs

By Amit Chowdhry ● Jan 24, 2024

Sion Power - a leading technology developer of next-generation batteries for electric vehicles (EV) – announced that it has secured $75 million in Series A funding. The funding round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from Jim Simons’ Euclidean Capital.

Bilt Rewards: Loyalty Platform Company Raises $200 Million At $3.1 Billion Valuation

By Amit Chowdhry ● Jan 24, 2024

Bilt Rewards – a leading loyalty platform specializing in rent and neighborhood rewards - announced a $200 million equity investment led by General Catalyst, with significant contributions by Eldridge and existing investors Left Lane Capital, Camber Creek, and Prosus Ventures. This surged the company's valuation to $3.1 billion.

Kittl: Creator Design Platform Company Raises $36 Million

By Amit Chowdhry ● Jan 24, 2024

Kittl, a creator design platform, announced it raised $36 million in Series B funding led by IVP. This comes just nine months after the company raised $11 million in Series A funding. The small gap in funding rounds is largely due to the company’s rapid growth, and now they are in the position to double down on their mission to make design more accessible.

Spellbook: Legal AI Startup Company Raises $20 Million

By Amit Chowdhry ● Jan 24, 2024

Spellbook – an AI copilot for lawyers - announced today a $20 million Series A funding round led by Inovia Capital. And Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round, which now brings Spellbook’s total funding to over $30 million.

CPM Holdings: $400 Million Raised From Koch Equity Development

By Amit Chowdhry ● Jan 24, 2024

CPM Holdings - a leading global supplier of engineered process equipment for animal feed, oilseed processing, extrusion, and thermal processing markets - announced a $400 million strategic equity investment from Koch Equity Development LLC (KED), the principal investing and acquisition arm of Koch Industries. The investment proceeds will fund a distribution to the company's existing equity holders.

Welligence Energy Analytics: Energy Data And Intelligence Company Secures $41 Million

By Annie Baker ● Jan 24, 2024

Welligence Energy Analytics - a market-leading energy data & intelligence firm specializing in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS) – recently announced it had raised $41 million in growth capital. The funding round, representing a minority stake in the company, was led by Elephant with participation from Veriten, EDG Group, and several high-profile executives from the energy, information services, and enterprise software industries.

Clerk: React-Friendly Authentication Solution Company Raises $30 Million

By Noah Long ● Jan 24, 2024

Clerk – a developer tools company known for its React-friendly authentication solution – announced it raised $30 million in Series B financing led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona. The funding will be used to expand its service beyond authentication, which identifies who a user is, and into authorization, which determines the permissions a user has.

Bagel Network: Decentralized ML Data Network Company Secures $3.1 Million

By Amit Chowdhry ● Jan 24, 2024

Bagel Network - a decentralized Machine Learning data network at the intersection of AI and web3 –announced the successful closure of a $3.1 million pre-seed fundraising round. CoinFund led the funding round with participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC.

TARA Mind: $8 Million Secured To Expand Access To Mental Health Therapeutics

By Amit Chowdhry ● Jan 24, 2024

TARA Mind - a public benefit corporation focused on creating access to safe and effective ketamine-assisted therapy (KAT) as a covered benefit for employees - announced that the company has raised $8 million, led by Satori Neuro. Additional investors participating in the oversubscribed round were Echo Investment Capital, Crumpton Ventures, Empath Ventures, and Blake Mykoskie (Founder of TOMS).

AiDash: $50 Million Raised To Make Critical Infrastructure Industries Climate Resilient

By Amit Chowdhry ● Jan 24, 2024

AiDash - an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI - announced that it received $50 million in funding, bringing the total raised to date to $83 million. And the Series C funding round was oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.

Masa Network: Decentralized Data Marketplace Company Raises $5.4 Million

By Noah Long ● Jan 24, 2024

Masa Network – a builder of the leading decentralized data marketplace - announced $5.4 million in its Seed Fundraising Round led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan. And additional investors include Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.

Why Apkudo Is Buying Mobile reCell

By Amit Chowdhry ● Jan 24, 2024

Apkudo – a leader in supply chain automation for connected devices – recently announced it has acquired Mobile reCell, the pioneer of software-driven IT asset recovery for corporate-owned IT assets. And the combination of Mobile reCell's software-driven recovery of corporate-owned IT assets and Apkudo's existing solution portfolio sets a new standard for the connected device supply chain.

Norm Ai: Regulatory AI Agent Platform Company Closes $11.1 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Norm Ai announced it has built the first Regulatory AI Agent platform and is now serving Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. And Norm Ai raised an $11.1 million seed round, led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, Atypical Ventures, and AI researchers like the founding CEO of the Allen Institute for AI.

Why Sanofi Is Buying Inhibrx For Up To $2.2 Billion

By Annie Baker ● Jan 24, 2024

Sanofi and Inhibrx - a publicly traded clinical-stage biopharmaceutical company focused on developing a broad pipeline of novel biologic therapeutic candidates – announced it has entered into a definitive agreement under which Sanofi has agreed to acquire Inhibrx following the spin-off of non-INBRX-101 assets into New Inhibrx.

Ascential Technologies: Developing And Automating Complex Processes Across Various Sectors

By Amit Chowdhry ● Jan 24, 2024

Ascential Technologies is a company that designs, develops, and automates complex diagnostics, inspection, and test processes across medical & life sciences, transportation, and specialty industrial end markets. Pulse 2.0 interviewed Ascential Technologies CEO Jeff Moss to learn more about the company.

Dan Doromal: How This Entrepreneur Built Up A Rapidly Growing Ice Vending Business

By Amit Chowdhry ● Jan 24, 2024

Dan Doromal is a self-made entrepreneur and the founder of Everest Ice and Water Systems. Pulse 2.0 interviewed Doromal to learn more about his company.

Farmers Edge To Go Private In Deal With Fairfax

By Noah Long ● Jan 24, 2024

Farmers Edge announced that it has entered into an arrangement agreement with 15635594 Canada, a newly-formed subsidiary of the company's majority shareholder, Fairfax Financial Holdings Limited (FFHL) and FFHL, as guarantor, in respect of a transaction whereby 15635594 Canada will acquire all of the common shares in the capital of Farmers Edge, other than those common shares owned by FFHL and its affiliates and the Farmers Edge Chief Executive Officer at a purchase price of C$0.35 per common share, payable in cash.

Fusemachines To Go Public Through Merger With CSLM Acquisition

By Amit Chowdhry ● Jan 24, 2024

Fusemachines - a leading provider of enterprise AI products and solutions, and CSLM Acquisition Corp. (a special purpose acquisition company), announced the signing of a definitive agreement for a business combination that is expected to result in Fusemachines becoming a public company. Upon closing the deal, subject to approvals by CSLM's stockholders and Fusemachines stockholders and other customary closing conditions, the combined company is expected to list on Nasdaq under the ticker symbol "FUSE."

Netflix Becoming Home For WWE ‘Raw’ In 2025 In A $5+ Billion Deal

By Amit Chowdhry ● Jan 23, 2024

SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

By Annie Baker ● Jan 23, 2024

SmithRx - a next-generation pharmacy benefits management (PBM) company - announced it closed a $60 million Series C financing round.