Archives

Oleria: Autonomous Identity Security Solutions Company Raises $33.1 Million

By Dan Anderson ● Jan 22, 2024

Oleria - a company providing adaptive and autonomous identity security solutions - recently announced it has raised $33.1 million in a Series A funding round. This latest funding, which brings the company’s total funding to over $40 million, was led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round also enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

Kiln: Enterprise-Grade Staking Platform Closes $17 Million In Funding

By Annie Baker ● Jan 22, 2024

Leading enterprise-grade staking platform Kiln announced the closing of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and further contributions from existing investors.

MyFitnessPal: Mike Fisher Named As CEO

By Dan Anderson ● Jan 22, 2024

MyFitnessPal - a leading global nutrition and food tracking app - recently announced the appointment of Mike Fisher as Chief Executive Officer (CEO). Fisher succeeds Dinesh Lathi, who will remain involved with the company as a member of the Board of Directors. Under Fisher's leadership, MyFitnessPal will further its mission of helping people worldwide improve their health through better food choices.

Vanguard Partners With Vanilla To Launch Enhanced Digital Estate Planning Tools

By Annie Baker ● Jan 22, 2024

Vanguard announced it is introducing new and enhanced intergenerational wealth and legacy planning capabilities through a partnership with Vanilla, a provider of digital estate planning tools and solutions.

DJI: 3D Modeling Editing Software DJI Modify Launched

By Noah Long ● Jan 22, 2024

DJI - a leader in civil drones and creative camera technology - recently introduced DJI Modify, the company's first intelligent 3D model editing software. And this complementary solution pairs seamlessly with DJI's enterprise drones and 3D modeling and mapping software DJI Terra, forming a comprehensive solution for aerial surveying, modeling, and model editing, to meet the operational needs for surveying, transportation, and emergency response such as firefighting.

New Energy New York Opens Applications For ChargeUp Accelerator

By Amit Chowdhry ● Jan 22, 2024

New Energy New York (NENY) has opened applications for ChargeUp, a new accelerator that will help startups working on battery innovations advance their technology development and their business. And early-stage companies with battery innovations anywhere in the supply chain are encouraged to apply by 11:59 p.m. EST Feb. 23, 2024. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment including up to $100,000 for technical development. The participation in the Binghamton based accelerator is mostly remote, with select weeks in person for instructional workshops and pitches to investor groups.

SKY ENGINE AI: $7 Million Secured To Advance Vision AI Development

By Annie Baker ● Jan 22, 2024

SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.

TrusTrace: Product Traceability And Compliance Company Secures $24 Million

By Amit Chowdhry ● Jan 22, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - recently announced it completed a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Alphathena: Funding Raised From ETFS Capital And HPA

By Amit Chowdhry ● Jan 22, 2024

Alphathena - a leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs) - recently announced it has secured a $4-million investment led by ETFS Capital, with Hyde Park Angels (HPA) joining the round.

Why Bantam Tools Is Buying Evil Mad Scientist

By Annie Baker ● Jan 22, 2024

Bantam Tools - a desktop CNC manufacturer that builds exceptional computer-controlled machines for innovators - recently announced the acquisition of Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines that provide versatile solutions to artists and educators.

Digital Onboarding: $58 Million Raised To Build Engagement Platform For Banks And Credit Unions

By Dan Anderson ● Jan 22, 2024

Digital Onboarding - a SaaS company helping more than 100 financial institutions deepen their customer relationships - recently announced it closed a $58 million growth investment from Boston-based growth equity firm Volition Capital. The funding round follows rapid secular growth for Digital Onboarding as banks and credit unions increasingly seek out digital solutions to drive customer engagement and additional product adoption.

ORTEC Partners With Battery Ventures To Accelerate Growth

By Noah Long ● Jan 22, 2024

ORTEC - a global provider of decision support software and data science capabilities - recently announced a partnership with investment firm Battery Ventures to accelerate its growth ambitions. This partnership, including a significant investment by Battery, marks a key moment in ORTEC’s existence and positions the company to increase its impact on customers and in core markets globally.

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Why GoPro Is Buying Tech-Enabled Helmet Company Forcite

By Noah Long ● Jan 22, 2024

GoPro recently announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. And GoPro plans to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

Aramco Allocates $4 Billion For VC Arm Aramco Ventures

By Amit Chowdhry ● Jan 22, 2024

Aramco - one of the world's leading integrated energy and chemicals companies - recently allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. This will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion.

CloudTalk: AI-Powered Voice Communication Company Raises $28 Million

By Annie Baker ● Jan 22, 2024

CloudTalk - a rapidly growing AI-powered calling solution - recently announced it raised a $28 million round, closing its Series B funding. The latest funding round, co-led by KPN Ventures and Lead Ventures and supported by existing investors Point Nine Capital, henQ, Presto Ventures, and Orbit Capital is a major step in CloudTalk's journey to transform business communication.

BankingON: Digital Banking Solutions Company Raises Series A Funding

By Noah Long ● Jan 22, 2024

BankingON - a leading provider of award-winning digital banking solutions - recently announced it raised its Series A funding round led by Eagle Venture Fund to launch Boucoup, a family finance mobile banking and interactive learning platform for credit unions.

Forta: $55 Million Raised To Improve Access To Quality Healthcare

By Amit Chowdhry ● Jan 22, 2024

Forta - an AI healthcare company improving access to dependable quality care - recently announced it has raised $55 million in Series A financing led by global software investor Insight Partners. Several leading technology and healthcare investors participated in the round, including Exor Ventures and Alumni Ventures and founders of 23&Me, Curative, Forward, Flexport, Warby Parker, Prelude Fertility, Harry's, and Allbirds.

Electra: Fast-Charging EV Network Company Raises €304 Million

By Amit Chowdhry ● Jan 22, 2024

Electra - a European fast-charging network for electric vehicles - recently announced fundraising of €304 million, entirely in equity, a record amount in the charging sector.

Vertice: Cloud Spend Management Platform Company Raises $25 Million

By Amit Chowdhry ● Jan 22, 2024

Vertice, a SaaS and cloud spend management platform, recently announced a $25 million Series B following a year of lightning-fast revenue growth. And the company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use funding to fuel its pace of product innovation further and accelerate its worldwide expansion.

PredictAP: Invoice Ingestion And Coding Solution For Real Estate Accounts Payable Secures $8 Million

By Annie Baker ● Jan 22, 2024

PredictAP - a machine-learning-enabled invoice ingestion and coding solution for real estate accounts payable (AP) - recently announced the closing of its $8-million series A financing round.

Certis Oncology: $10 Million Raised To Combine AI-Directed Drug Development With Functional Testing

By Dan Anderson ● Jan 22, 2024

Certis Oncology Solutions - a precision oncology and translational science company focused on combining AI-directed drug development with advanced functional testing - recently announced that it raised $10 million in a Series C funding round, raising the total to $42 million.

Element Zero: Green Materials Platform Company Secures $10 Million

By Annie Baker ● Jan 22, 2024

Green materials platform company Element Zero recently announced that it has raised $10 million in seed funding led by Playground Global. The company developed a novel approach to cost-effectively convert metal ores like iron, nickel, and other future-facing materials to pure metals with zero carbon emissions.

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

Taro Pharmaceutical Merging With Sun Pharmaceutical: Details

By Annie Baker ● Jan 22, 2024

Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries recently announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43 per share in cash without interest.

Why Buxton Is Buying Elevar

By Dan Anderson ● Jan 22, 2024

Buxton (a market leader in retail customer analytics) and Elevar (a dynamic conversion tracking solution for fast-scaling e-commerce brands) joined forces in an acquisition by Buxton. The deal's financial terms remain undisclosed, but Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights.

Why Accenture Is Buying Impendi

By Noah Long ● Jan 22, 2024

Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.

Why Mullen Group Is Buying ContainerWorld Forwarding Services

By Dan Anderson ● Jan 22, 2024

Mullen Group recently announced that it has entered into a letter of intent (LOI) to buy Richmond, British Columbia based ContainerWorld Forwarding Services and its operating subsidiaries. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The deal is scheduled to close in the second quarter of 2024, subject to regulatory approval and final closing conditions.

AE Industrial Partners: Sale Of American Pacific To NewMarket For $700 Million Completed

By Annie Baker ● Jan 22, 2024

AE Industrial Partners, LP (AEI) - a private equity firm specializing in aerospace, national security, and industrial services - recently announced that affiliates of AEI have completed the sale of American Pacific Corporation, a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket for $700 million in cash.