Archives

Cover Whale: How This Insurtech Company Is Advancing The Commercial Trucking Industry

By Amit Chowdhry ● Jan 29, 2024

Cover Whale is an insurtech founded by experienced insurance and technology veterans, that focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry. Pulse 2.0 interviewed Cover Whale Chief AI Officer Darien Acosta to learn more about the company.

TextQL: $4.1 Million Raised To Automate Data Analysis

By Noah Long ● Jan 29, 2024

TextQL - a startup building an AI data analyst that connects to your business intelligence (BI) tools, semantic layers, and existing documentation - announced that it raised $4.1 million across pre-seed and seed rounds that was co-led by Neo and DCM.

Churchill Asset Management: $400 Million Middle Market CLO Offering Closed

By Amit Chowdhry ● Jan 29, 2024

Churchill Asset Management - an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies - announced the closing of a $400 million middle market collateralized loan obligation (CLO), Churchill MMSLF CLO III, on January 24, 2024.

Digs: AI-Based Homeowner And Builder Collaboration Extends Funding To $14 Million

By Annie Baker ● Jan 29, 2024

Digs - an AI collaboration platform for home builders and homeowners - announced the expansion of its funding and C-suite with additional investment and new executive staff. This combination aims to accelerate the initial momentum of the company's rollout and fuel the launch of a marketplace.

GreenSpark: Metal Recycling Industry Platform Company Secures $9.4 Million

By Noah Long ● Jan 29, 2024

GreenSpark Software - a modern software platform for the metal recycling industry - announced it has raised $9.4 million in new funding, bringing GreenSpark’s total funding to about $19 million.

e2Companies: $100 Million Commitment From GEM

By Annie Baker ● Jan 29, 2024

e2Companies - a leading provider of integrated solutions for power generation and distribution - announced that it had secured a $100 million investment commitment from Luxembourg-based Global Emerging Markets (GEM). And with this financing commitment, e2Companies is well-positioned to advance and deliver on its mission to design solutions that deliver seamless customer resiliency and reliability.

IT Procurement Solutions Company NPI Raises Funding From Falfurrias Growth

By Dan Anderson ● Jan 29, 2024

NPI - an industry-leading provider of data-driven IT procurement solutions for large enterprises - announced a significant growth investment from Falfurrias Growth Partners, a Charlotte-based private equity fund focused on growth-oriented, middle-market businesses.

Elo Life Systems: Next-Generation Ingredient Company Raises $20.5 Million In Funding

By Annie Baker ● Jan 29, 2024

Taqtile Raises Funding From Scout Ventures

By Annie Baker ● Jan 29, 2024

Taqtile - the maker of Manifest (a leading spatially-enabled work-instruction platform serving the industrial and defense sectors) - announced the addition of Scout Ventures as an investor. Taqtile will also add Scout Founder and Managing Partner, Brad Harrison, as a Board Observer.

OctaiPipe: £3.5 Million Raised For Delivering Secure Edge AI

By Noah Long ● Jan 29, 2024

OctaiPipe - an end-to-end Edge AI platform - announced raising £3 million in pre-Series A funding and a £500,000 grant from Innovate UK. This pre-Series A round was led by SuperSeed with Forward Partners, D2, Atlas Ventures, Martlet Capital, Gelecek Etki VC, and Arm-backed Deeptech Labs also participating.

Krepling: E-Commerce Channel Management Company Raises $3.3 Million

By Amit Chowdhry ● Jan 28, 2024

E-Commerce channel management company Krepling announced it has raised a $3.3 million seed round and launched a fully centralized universal builder, enabling merchants a consolidation of tools and services to foster personalized customer experiences.

Vista Equity Partners Completes $4 Billion EngageSmart Acquisition

By Dan Anderson ● Jan 28, 2024

EngageSmart (a leading provider of vertically tailored customer engagement software and integrated payments solutions) has announced the completion of its acquisition by an affiliate of Vista Equity Partners (a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses) for $23 per share in cash, valuing the company at about $4 billion.

Artisse AI: Human-Centric AI Image Technology Company Secures $6.7 Million

By Amit Chowdhry ● Jan 28, 2024

Artisse AI - a pioneering force in human-centric AI image technology - announced the closing of its seed funding round led by The London Fund. This funding round marks a significant milestone for Artisse as it further accelerates the business on its mission towards reshaping the photography industry and the future of digital creativity.

Boomerang: Lost And Found Platform Company Raises $4.9 Million

By Amit Chowdhry ● Jan 26, 2024

Boomerang - a leading lost & found platform - announced it has secured $4.9 million in a new funding round, led by LightShed Ventures, with additional participation from GGV, GoldHouse, Harlo Capital, Dream Ventures, LeAd, SeventySix Capital, amongst others. This new funding round raises Boomerang’s total funding to $7.7 million.

Swift Medical: $8 Million Raised To Advance AI-Based Wound Care Platform

By Noah Long ● Jan 26, 2024

Swift Medical - a digital health technology company serving wound care providers - announced the successful closing of an $8 million funding round co-led by current investors BDC Capital’s Women in Technology Venture Fund and funds managed by Virgo Investment Group. And Swift utilizes artificial intelligence to improve clinical and economic outcomes in chronic and acute wound care. This funding accelerates its pace of technology enhancements.

Cross-Border Impact Ventures: $90 Million Closed Of Women’s And Children’s Health Tech Fund

By Amit Chowdhry ● Jan 26, 2024

Cross-Border Impact Ventures (CBIV) has announced the final closing of its first fund after exceeding $90 million in investor commitments. The Women’s and Children’s Health Technology Fund focuses on investments in technology companies that address the health needs of women, children, and adolescents or make health systems more resilient.

Turquoise Health: Healthcare Pricing Company Secures $30 Million

By Amit Chowdhry ● Jan 26, 2024

Turquoise Health - an end-to-end healthcare pricing platform - has announced a $30 million Series B investment led by Adams Street Partners, with participation from Yosemite and existing investors Andreessen Horowitz and BoxGroup. Turquoise will use the funding to support further transparent pricing workflows across its customer base of over 160 healthcare organizations.

Marstone: Digital Investment And Wealth Planning Company Raises $8 Million

By Amit Chowdhry ● Jan 26, 2024

Marstone - a leading digital investment and wealth planning firm - announced it had raised an $8 million Series B financing round led by Mendon Venture Partners and South Rose Capital, along with new investors, including the Castle Creek Launchpad Fund. The funding round also included existing investor Equity Bank.

Cellares Raises $255 Million To Launch New Location In Somerset County, New Jersey

By Amit Chowdhry ● Jan 26, 2024

Cellares - an innovative cell therapy manufacturing company - has announced a $255 million series C fundraising to launch its new location in Somerset County. And the 118,000-sq. ft. manufacturing site in Bridgewater, New Jersey, is expected to create up to 350 local jobs.

OKX Ventures: Seed Round Investment Made In B² Network

By Dan Anderson ● Jan 26, 2024

OKX Ventures (the investment arm of leading crypto exchange and Web3 technology company OKX) announced its seed round investment in B² Network, the first EVM-compatible rollup based on zero-knowledge (ZK) proof verification commitment on Bitcoin and the first data availability (DA) layer for Bitcoin rollups.

International Battery Company: $35 Million Raised To Build Proprietary I-NMC Prismatic Cells In India

By Amit Chowdhry ● Jan 26, 2024

International Battery Company (IBC) - a product and technology company specializing in creating eco-friendly and large-sized rechargeable Prismatic Li-ion NMC batteries - is announcing it has raised $35 million. This includes a Pre-Series A round led by RTP Global and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC’s journey to revolutionize the global EV landscape.

Ares Management: Automated Industrial Robotics Launched To Capitalize On Manufacturing Demand

By Amit Chowdhry ● Jan 26, 2024

Ares Management announced the launch of Automated Industrial Robotics, a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. And an Ares Private Equity fund has invested substantial equity capital to support AIR’s acquisition and organic growth strategy.

Bastille: Wireless Threat Intelligence Company Raises $44 Million

By Dan Anderson ● Jan 26, 2024

Bastille Networks - a leading supplier of wireless threat intelligence technology to the high-tech, banking, and intelligence community - announced a Series C investment of $44 million, led by a new investor: Growth Equity at Goldman Sachs Asset Management.

Circular Genomics: $8.3 Million Closed To Advance Circular RNA Biomarkers For Precision Psychiatry And Neurology

By Noah Long ● Jan 26, 2024

Circular Genomics - a global leader in advancing circular RNA biomarkers for precision psychiatry and neurology - announced the closing of an $8.3 million Series A investment round. This funding round, led by Mountain Group Partners, welcomes new investor UNM Rainforest Innovations and initial investors, including Cottonwood Technology Fund, Tramway Venture Partners, and other undisclosed individuals.

Doppel: Digital Risk Protection Company Closes $14 Million In Funding

By Noah Long ● Jan 26, 2024

Doppel - an AI-native digital risk protection company - announced the successful completion of a $14 million Series A funding round led by Andreessen Horowitz (a16z) with participation from Strategic Cyber Ventures and seasoned cybersecurity leaders. This investment will accelerate Doppel's mission to revolutionize brand security and threat intelligence through the application of artificial intelligence technology.

Why Roper Technologies Is Buying Procare Solutions For About $1.75 Billion

By Amit Chowdhry ● Jan 26, 2024

Roper Technologies announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents about 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025.

C16 Biosciences: $3.5 Million Grant Received From Gates Foundation

By Amit Chowdhry ● Jan 26, 2024

C16 Biosciences - the makers of Palmless, a platform for sustainable palm oil alternatives - announced it is ramping up its capabilities in the food category, driven by a $3.5 million grant from the Bill & Melinda Gates Foundation and a $1 million investment from Elemental Excelerator.

BGO: Global Real Estate Investment Management Company Closes €1.38 Billion Fund

By Amit Chowdhry ● Jan 26, 2024

BGO - a leading global real estate investment management advisor, real estate lending advisor, and provider of real estate services - announced the successful final close of its third Europe Secured Lending Fund, with a total of €1.38 billion in commitments from 40 global institutional investors. The fund surpassed the initial target of €1.35 billion.

Captura: Direct Ocean Capture Company Raises $21.5 Million

By Dan Anderson ● Jan 26, 2024

Captura has announced it expanded its Series A funding round to raise an additional US$21.5 million to commercialize its Direct Ocean Capture (DOC) technology that utilizes the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere.

ViralMoment: AI-Based Social Video insights Company Closes $2.5 Million

By Annie Baker ● Jan 26, 2024

ViralMoment - a leading provider of AI-powered social video insights and analytics - announced a seed round of $2.5 million, led by Supernode Global, with participation from funds including Crush Ventures, Duo Partners, Carnegie Mellon University, and Techstars.