Archives

Paycom: Providing Human Capital Management And Payroll Tools To Automate Administrative Processes

By Amit Chowdhry ● Sep 20, 2023

Paycom is a company that offers human capital management and payroll tools to help employers and HR teams focus on strategies to drive businesses forward. Pulse 2.0 interviewed Paycom Vice President of Human Resources Jennifer Kraszewski to learn more.

Nephron Pharmaceuticals: $350 Million Raised Led By BlackRock And PNC

By Amit Chowdhry ● Sep 20, 2023

Nephron Pharmaceuticals recently celebrated a successful $350 million capital raise led by BlackRock Capital Investment Advisors, LLC and PNC Bank to support future growth of the pharmaceutical manufacturer.

The Sporting News: $15 Million Raised To Advance Brand Growth

By Noah Long ● Sep 20, 2023

The Sporting News (TSN) – one of the most iconic brands in sports media and the oldest sports publisher in the United States – recently announced it has raised $15 million. This incremental funding round will facilitate the brand's growth and pivot the TSN business to more transactionally led. The funding was led by LSE-traded Playtech, alongside several other market leaders in the sports and digital media industries.

Superorder: All-In-One Delivery And Takeout Operating System Company Closes $10 Million

By Amit Chowdhry ● Sep 20, 2023

Superorder - the first all-in-one delivery and takeout operating system for restaurants – recently announced the close of a $10 million Series A and angel funding round led by Foundation Capital with participation from investors like Michael Seibel (Managing Director of Y Combinator), Kyle Vogt (Cofounder CEO Cruise), Daniel Kan (Cofounder Cruise), Jon Swanson (Chairman Thumbtack), James Beshara (Founder MagicMind) and I2BF Global Ventures.

Learn.xyz: Generative AI Learning Company Raises $3 Million

By Amit Chowdhry ● Sep 20, 2023

Learn.xyz - a generative AI learning startup – recently announced the launch of its fully AI-powered social learning app on iOS and Android on the heels of closing a $3 million seed funding round. Launching to a global market recently, the app allows users to learn about any topic, in almost any language.

Glass Health: AI-Powered Clinical Decision Support Company Raises $5 Million

By Amit Chowdhry ● Sep 19, 2023

Glass Health recently announced a $5 million seed round led by Initialized Capital for the company’s AI-powered clinical decision support platform. And the new funding round will accelerate our mission to empower clinicians with generative AI tools to help end the clinician burnout epidemic and improve patient outcomes worldwide. The company is also counting prominent healthcare founders as mentors and investors in this round, including Tom Lee, founder of One Medical, Epocrates, and Galileo Health; Connor Landgraf, founder and CEO of Eko Health; and Heather Hasson & Trina Spear, the co-founders of FIGS.

Ontopical: Data Intelligence Company Secures $3.3 Million To Help Businesses Win Government Work

By Noah Long ● Sep 19, 2023

Ontopical – a trusted data and intelligence platform to help businesses discover and win government work – recently announced a $3.3 million seed extension round co-led by Rhino Ventures and Graphite Ventures and supported by Accelerate Fund III. This funding round also incorporates a grant from Alberta Innovates. Ontopical has raised over $6 million in funding so far.

Touring Capital Launches To Invest In Early-Growth Stage AI-Powered SaaS Companies

By Amit Chowdhry ● Sep 19, 2023

Nagraj Kashyap, Priya Saiprasad, and Samir Kumar recently announced the launch of Touring Capital - a venture capital firm focused on investing in the next generation of early-growth stage AI-powered SaaS startups worldwide. And Touring Capital's founding partners previously led M12 (Microsoft's venture fund) and Qualcomm Ventures, along with leadership roles at SoftBank Vision Fund II.

Patronus AI: Automated Evaluation And Security Platform Company Secures $3 Million

By Amit Chowdhry ● Sep 19, 2023

Patronus AI recently announced a $3 million seed funding round led by Lightspeed Venture Partners with participation from Factorial Capital, the CEO of Replit Amjad Masad, Gokul Rajaram, and several other Fortune 500 executives and board members.

Databricks: Over $500 Million In Series I Funding Raised At $43 Billion Valuation

By Amit Chowdhry ● Sep 19, 2023

Data and AI company Databricks recently announced a Series I funding round at over $500 million. This funding round values the company at $43 billion and establishes the price per share at $73.50. This funding round was led by funds and accounts advised by T. Rowe Price Associates, which is joined by other existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds and accounts managed by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital and Tiger Global and new investors Capital One Ventures, Ontario Teachers' Pension Plan and NVIDIA.

Sailes: $5.1 Million Closed To Automate Sales Prospecting With AI

By Noah Long ● Sep 19, 2023

Sailes – an AI startup that developed its patent-pending Sailebots to automate all points in the prospecting lifecycle – recently announced the closing of a $5.1 million Series A funding round led by Lewis & Clark Ventures. The funding round was supported with investments from Acronym Venture Capital and Tenzing Capital and follow-on investment from existing investors KCRise Fund and Valor Ventures. This funding round brings the company's total funding to $6.6 million.

Orbee: $4 Million To Build Data Management Software For The Auto Industry

By Annie Baker ● Sep 19, 2023

Orbee - a leading technology service provider for the automotive industry – recently announced the closing of its oversubscribed Series A financing round, which raised $4 million to drive the growth of the company’s innovative platform for the auto retailing ecosystem, including dealership groups and their technology and service providers.

Actio Biosciences: $55 Million Closed To Make Advances In Precision Medicine

By Noah Long ● Sep 19, 2023

Actio Biosciences - a biotechnology company utilizing a novel platform approach to genetics and precision medicine to develop new therapeutics that target shared underlying biology in both rare and common diseases – recently announced the completion of a $55 million Series A financing. The funding round was led by Canaan and DROIA Ventures, with participation from existing investors Deerfield Management and EcoR1, and new investor Euclidean Capital.

Binalyze: Digital Forensics And Incident Response Company Receives $19 Million

By Noah Long ● Sep 19, 2023

Binalyze - a leading provider of cutting-edge Digital Forensics and Incident Response (DFIR) solutions - recently announced it has raised a $19 million Series A round of funding. Molten Ventures led this funding round with participation from existing investors Earlybird Digital East and OpenOcean, and new strategic investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital.

Mariana Oncology: $175 Million Secured To Drive Radiopharmaceutical Innovation

By Dan Anderson ● Sep 19, 2023

Mariana Oncology - a biotechnology company pioneering a new era of radiopharmaceutical innovation to treat cancers with high unmet needs - recently announced the closing of an oversubscribed $175 million Series B financing co-led by Deep Track Capital and Forbion. Founding investors Atlas Venture, Access Biotechnology, and RA Capital Management are joined by additional new investors Nextech Invest, Surveyor Capital (a Citadel company), and Eli Lilly and Company.

Delos Insurance: Wildfire Science And Satellite Imagery Expertise Company Closes $7.3 Million

By Annie Baker ● Sep 19, 2023

Delos Insurance Solutions - a company that uses wildfire science and satellite imagery expertise to solve homeowners' wildfire insurance availability issues - recently announced a $7.3 million seed extension round. This funding round enables the company's expansion in the California homeowners' insurance market.

Heliene: Solar PV Module Company Pulls In $170 Million In Funding

By Noah Long ● Sep 19, 2023

Heliene - a customer-first provider of North American-made solar PV modules - recently announced it closed $170 million in funding led by a group of key partners and customers. The funding round includes $20 million in equity and $150 million of debt, to be utilized for Heliene’s expansion and creating well-paying jobs in manufacturing within the clean energy transition.

ReSeed: $4.6 Million Secured To Bring Carbon Credits From Smallholder Farmers To The Market

By Noah Long ● Sep 19, 2023

AI-powered regenerative nature-based services provider ReSeed recently announced a seed raise of $4.6 million led by One Small Planet. And additional investors include Thorn Partners and a mix of angel investors, including Baratunde Thurston and Elizabeth Stewart. This capital raise enables ReSeed to expand further into the commercial market.

Carenostics: Healthcare AI Company Focused On Undertreated Chronic Disease Closes $5 Million

By Annie Baker ● Sep 19, 2023

Carenostics - a pioneering healthcare AI startup tackling undiagnosed and undertreated chronic disease - recently announced that it has successfully closed a $5 million seed funding round led by M13.

Sonex Health: $40 Million Raised To Help Treat Common Orthopedic Syndromes Affecting Extremities

By Annie Baker ● Sep 19, 2023

Sonex Health - a leader in the ultrasound-guided treatment of common orthopedic syndromes affecting the extremities - recently announced the closing of a Series B funding round, raising $40 million.

Generate:Biomedicines: $273 Million Received For Advancing Generative AI Of Protein Therapeutics

By Amit Chowdhry ● Sep 19, 2023

Generate:Biomedicines - a clinical-stage biotherapeutics company pioneering a machine-learning-powered generative biology platform - recently announced that it has raised $273 million in Series C financing. This funding round attracted many new investors including Amgen; NVentures, NVIDIA’s venture capital arm; MAPS Capital (Mirae Asset Group); and Pictet Alternative Advisors.

Exostellar: Cloud Resource Optimization Brings In $15 Million In Funding

By Annie Baker ● Sep 19, 2023

Exostellar - an innovative cloud resource optimization and management platform - recently announced the closing of its oversubscribed $15 million Series A financing led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners (Alpha Intelligence Capital's U.S.-based fund). Exostellar is prepared to propel its pioneering technology into the AI-GPU domain with this funding round.

Verdane: European Specialist Growth Firm Closes Oversubscribed Capital XI Fund At €1.1 Billion

By Amit Chowdhry ● Sep 19, 2023

Verdane - a European specialist growth investment firm - recently announced the successful final close of Verdane Capital XI at its hard cap of €1.1 billion, almost doubling the size of the predecessor fund.

Texas Capital Provides $100 Million Revolving Credit Facility To Unlock Technologies And Saluda Grade

By Dan Anderson ● Sep 19, 2023

Unlock Technologies (a leading home equity investment technology company) and Saluda Grade (a private alternative real estate investment firm) have secured a $100 million revolving credit facility led by Texas Capital Bank. This revolving credit facility will provide Saluda Grade with additional capital to purchase home equity agreement (HEA) contracts to serve the growing needs of its HEA investments.

EquipmentShare: Construction Technology And Equipment Solutions Provider Pulls In $150 Million Funding Round

By Noah Long ● Sep 19, 2023

EquipmentShare - an equipment and digital solutions provider serving the construction industry - recently announced that it has completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners.

Summus: Virtual Specialty Care Company Raises $19.5 Million

By Annie Baker ● Sep 19, 2023

Summus - a leading virtual health company focused in specialty care - recently announced that it raised $19.5 million to support the company’s continued growth and work to solve the access problem to high quality physicians. Following a previous funding round in 2022, Summus has now raised $70 million to expand its innovative approach to care.

Neon: This Company Separated Storage And Computing For Making On-Demand Scalability Easier

By Amit Chowdhry ● Sep 19, 2023

Neon is a company that is building open-source cloud-native PostgreSQL. Our architecture separates storage from computing, allowing for stateless and Serverless Postgres. Pulse 2.0 interviewed Neon CEO Nikita Shamgunov to learn more.

Vaxess: $9 Million Raised To Create Shelf-Stable Vaccine Patches

By Dan Anderson ● Sep 18, 2023

Vaxess Technologies - a life sciences company developing a shelf-stable vaccine patch with potential for self-application - recently announced an additional $9 million in venture capital funding, with investors including RA Capital, The Engine, GHIC, and Ulu Ventures. This funding round brings Vaxess’ total equity and non-dilutive funding to more than $80 million.

Why GXO Is Buying PFSweb For $181 Million

By Amit Chowdhry ● Sep 18, 2023

GXO Logistics (the world’s largest pure-play contract logistics provider) and PFSweb (a tech-enabled e-commerce order fulfillment platform based in the US) recently announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

Science On Call: $2.6 Million Closed To Develop AI-Powered Help Desk For Restaurants

By Amit Chowdhry ● Sep 18, 2023

Science On Call - an AI-powered help desk for restaurants - recently announced the successful completion of a $2.6 million seed financing round led by York IE, with participation from Bread & Butter Ventures, Relish Works Capital Investments, Groove Capital, Connetic Ventures, Redstick VC, and Phoenix Club. And this investment marks a significant milestone for the company as it continues to pave the way in transforming how restaurants manage their tech challenges.