Archives

ZeroEyes: AI-Based Gun Detection Video Analytics Company Closes $23 Million In Funding

By Noah Long ● Aug 27, 2023

ZeroEyes - the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation - recently announced it has secured $23 million in capital on the heels of dramatic growth surpassing 300% over the last year. Octave Ventures, Alliance Holdings, and other existing investors led this oversubscribed round.

Ikigai Labs: $25 Million Raised To Advance Generative AI For Tabular Data

By Amit Chowdhry ● Aug 27, 2023

Ikigai Labs - a company that unlocks the power of generative AI for tabular data - recently announced $25 million of new capital by Premji Invest with participation from Foundation Capital and e& capital.

Luxury Presence: Proptech Company Secures $19.2 Million

By Annie Baker ● Aug 27, 2023

Luxury Presence has raised $19.2 million in Series B-1 funding from Bessemer Venture Partners with participation from Switch Ventures and other existing investors.

APERIO: Operational Data Quality Company Closes $9 Million In Funding

By Amit Chowdhry ● Aug 27, 2023

APERIO - a category leader in operational data quality - recently announced it has closed $9 million in Series A1 funding. This funding round was led by Momenta, the Industrial Impact venture capital + growth firm, and joined by investors including Chevron Technology Ventures, NextEra Energy, National Grid Partners, Delek US, and Bazan Group.

Silk Security: Sustainable Cyber Risk Resolution Company Secures $12.5 Million

By Dan Anderson ● Aug 27, 2023

Silk Security - the first platform for sustainable cyber risk resolution - recently announced the company's public launch and $12.5 million in seed funding. The funding round was led by global software investor Insight Partners and Hetz Ventures, with participation of the CrowdStrike Falcon Fund and seasoned cybersecurity angel investors, including Shlomo Kramer, Mickey Boodaei, and Rakesh Loonkar.

Botanical Solution: Over $13 Million In Series A Funding Round Raised

By Annie Baker ● Aug 27, 2023

Botanical Solution (BSI) - a multiple award-winning innovator of sustainable, highly consistent, and cost-effective Advanced Botanical Materials, announced recently that it has secured an additional $7 million investment. Following the announcement of a partnership with Croda to accelerate the production of green, high quality, and pharma spec QS-21 at kilogram scale under GMP standards, the company went further in demonstrating through internal programs and collaboration with big pharma companies that its product is biochemically comparable and as immunogenic as the traditional QS-21 - obtained from ancient soapbark trees that grow predominantly in Chile.

Tenstorrent: $100 Million Strategic Funding Raised In Round Led By Hyundai And Samsung

By Annie Baker ● Aug 27, 2023

Tenstorrent recently announced that it closed a $100 million strategic funding round led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and more.

Panobi: Product And Marketing Team Platform Company Secures $5 Million

By Annie Baker ● Aug 25, 2023

Panobi - the platform for growth - recently announced it is available for closed beta access. Built for a Head of Growth by a Head of Growth, Panobi offers experimentation, metrics, and reports in one place. And with its beta, Panobi has secured $5 million in Seed funding led by Index Ventures' Nina Achadjian and Paris Heymann. Other investors include Stewart Butterfield, Cal Henderson, April Underwood, Jana Messerschmidt, Lenny Rachitsky, and Fareed Mosavat. This funding round will be used for product development and to fuel growth in preparation for its commercial launch later this year.

Petal: $200 Million Debt Facility From Victory Park Capital Secured

By Dan Anderson ● Aug 25, 2023

Credit card and fintech company Petal recently announced that it has closed a committed $200 million debt facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit. The company has also agreed to a multi-year extension of its existing term loan facilities and closed a new term loan facility for up to $20 million of incremental commitments with Trinity Capital, a leading provider of diversified financial solutions for growth-stage companies. Petal has raised more than $20 million in new equity financing from its existing investors, building on the $35 million in funding Petal announced in May.

Newlight Technologies: $125 Million Raised To Convert Greenhouse Gas Into AirCarbon-Based Materials

By Noah Long ● Aug 25, 2023

Newlight Technologies - a leader in decarbonization technology using natural microorganisms to convert greenhouse gas into high-performance AirCarbon-based materials - recently announced the completion of an equity investment round led by GenZero totaling US$125 million. This funding round includes participation by GenZero, a Temasek-owned decarbonization-focused investment platform company; Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (Oxy) focused on advancing low-carbon technologies and business solutions; Charter Next Generation (CNG), a leading producer of specialty films, and a global luxury goods manufacturer; as well as other new and existing shareholders.

Kyverna Therapeutics: $145 Million Raised To Engineer New Class Of Therapies For Autoimmune Diseases

By Amit Chowdhry ● Aug 25, 2023

Kyverna Therapeutics - a clinical-stage cell therapy company with the mission of engineering a new class of therapies for autoimmune diseases - recently announced the closing of an oversubscribed $60 million Series B financing round extension, bringing the total Series B financing round to $145 million. New investors Bain Capital Life Sciences and GordonMD Global Investments LP join existing investors Gilead Sciences, Westlake Village BioPartners, Vida Ventures, Northpond Ventures, RTW Investments, Insight Partners, CAM Capital, LYFE Capital, jVen Capital, and others.

Hushmesh: Cyber Security Company Closes $5.2 Million

By Dan Anderson ● Aug 25, 2023

Hushmesh - a cyber security start-up aimed at securing the world’s digital infrastructure - recently announced a $5.2 million early-stage financing round led by cyber and advanced technologies investor Paladin Capital Group, with participation from Akamai Technologies. And Hushmesh will use the funding round to develop the Mesh, a global information space with automated security built in, allowing people and organizations to operate online without fear of malicious attacks or data breaches.

Polars: Rust-Based DataFrame Library For Data Scientists Raises $4 Million

By Noah Long ● Aug 25, 2023

Polars - a Rust-based DataFrame library for data scientists and engineers - recently announced its seed funding of US$4 million led by Bain Capital Ventures (BCV) with participation from individual investors. The funding round will be used to expand the team, and build a compute platform to run Polars at any scale efficiently.

Modular: $100 Million In Funding Closed To Fix AI Infrastructure For Developers

By Amit Chowdhry ● Aug 25, 2023

Modular recently announced that it has raised $100 million in a new round of funding led by General Catalyst and filled by existing investors GV (Google Ventures), SV Angel, Greylock, and Factory. This second funding round follows the company’s first $30 million round from last year and will enable the company to supercharge our vision for the future of AI infrastructure for the world's developers.

Hugging Face: $235 Million Raised At $4.5 Billion Valuation

By Amit Chowdhry ● Aug 25, 2023

Hugging Face is a collaboration platform for the machine learning community. The company recently announced raising $235 million in funding at a $4.5 billion valuation.

ExcepGen: Genetic Medicine Company Closes $14 Million In Total Seed Funding

By Amit Chowdhry ● Aug 25, 2023

ExcepGen is a genetic medicine startup that recently emerged from stealth after the successful completion of its newest funding round. The most recent $4 million round - which brought the company's total seed funding to $14 million - was led by RA Capital Management and backed by Gravity Fund, Apollo Projects (Sam Altman), and other premier investors.

Lockheed Martin Wins Deal To Deliver 36 Small Satellites For Space Development Agency’s Communications Network

By Dan Anderson ● Aug 25, 2023

The Space Development Agency (SDA) awarded Lockheed Martin a firm-fixed-price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer (T2TL) Beta satellites. T2TL is part of an overarching plan to advance deterrence with more resilient space architectures for beyond line-of-sight (BLOS) targeting, data transport, and advanced missile detection and tracking.

Grip Security: SaaS Identity Risk Management Company Closes $41 Million In Funding

By Dan Anderson ● Aug 25, 2023

Grip Security - a leader in SaaS identity risk management - recently announced it is raising $41 million in Series B funding led by Third Point Ventures, with participation from YL Ventures, Intel Capital and The Syndicate Group. This funding round would bring Grip Security’s total funding to $66 million and marks a major milestone for the company, further accelerating its go-to-market strategy and advancing product development.

Massdriver: $8 Million Raised To Provide A Cloud Operations Platform To Reduce Infrastructure Burdens

By Noah Long ● Aug 25, 2023

Massdriver - an extensible cloud operations platform with an intuitive visual interface that enables self-service and reduces infrastructure burdens for software engineers and cloud ops teams deploying cloud-native applications without lock-in - recently announced it has secured $8 million in funding to "smash the barriers holding back engineering teams worldwide." This funding round fuels Massdriver’s mission to make cloud infrastructure easy, open, and approachable for every engineering team through an agnostic solution.

Sony Interactive Entertainment To Buy Audeze

By Annie Baker ● Aug 25, 2023

Sony Interactive Entertainment recently announced that it has agreed to acquire Audeze, a leading audio technology brand and pioneer of high-end gaming headphones. The deal will strengthen SIE’s efforts to continue innovating regarding the audio experience of PlayStation games. Audeze will continue to operate independently and develop multi-platform products while benefiting from being a part of the PlayStation ecosystem.

Subway Selling To PE Firm Roark Capital

By Amit Chowdhry ● Aug 25, 2023

Subway recently announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal is a major milestone in Subway's multi-year transformation journey as it combines Subway's global presence and brand strength with Roark's deep expertise in restaurant and franchise business models.

Why Parsons Is Buying Sealing Technologies For Up To $200 Million

By Dan Anderson ● Aug 25, 2023

Parsons Corporation recently announced that it has acquired Maryland-based cyber and technology company Sealing Technologies in a deal valued at up to $200 million. Launched in 2012, SealingTech expands Parsons’ customer base across the Department of Defense and Intelligence Community and further enhances the company’s capabilities in defensive cyber operations, integrated mission-solutions powered by artificial intelligence (AI), and machine learning (ML); edge computing, and edge access modernization; critical infrastructure protection; and secure data management.

Functional Finance: $8 Million Secured To Automate Data And Reporting For Insurance Companies

By Amit Chowdhry ● Aug 25, 2023

Functional Finance - a software platform that integrates and automates data and reporting functions for insurance companies - recently announced that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments, which will go towards product development and client relationships. This funding round round was led by venture capital and growth equity firms New Enterprise Associates, Inc. (NEA), Walkabout Ventures and Altai Ventures, with participation from industry titan Hank Greenberg's C.V. Starr Insurance and other premier investors.

Knot: Card-On-File Management Company Secures $10 Million In Series A

By Noah Long ● Aug 25, 2023

Knot - a platform that enables card issuers to automatically switch saved payment methods at the request of their users - recently announced a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. And the funding will be used to scale Knot's services and accelerate the expansion of its merchant support.

Yahoo Buys Commonstock To Improve Insights For Finance Users

By Annie Baker ● Aug 25, 2023

Yahoo recently announced the acquisition of Commonstock, a broker-agnostic social and community-based platform that drives insights for retail investors. This deal advances the power of community for Yahoo Finance, and it will accelerate the brand’s strategy to deliver unparalleled retail investing resources, solutions, and experiences to investors of all skill sets and levels.

Aulos Bioscience: $20 Million Raised To Transform Cancer Care Through IL-2 Therapeutics

By Dan Anderson ● Aug 25, 2023

Aulos Bioscience - an immuno-oncology company working to revolutionize cancer care by developing potentially best-in-class IL-2 therapeutics - recently announced $20 million in Series A extension funding committed by Apple Tree Partners (ATP). The funds will advance Aulos’ lead human monoclonal antibody candidate, AU-007, through its initial Phase 2 clinical study in solid tumor cancers.

Hyro: This Adaptive Communications Platform Helps Enterprises Automate Workflows

By Amit Chowdhry ● Aug 25, 2023

Hyro is a leading Adaptive Communications Platform that enables enterprises to automate workflows and conversations across their most valuable platforms, services, and channels, including call centers, websites, SMS, and mobile apps. Pulse 2.0 interviewed Hyro CEO and co-founder Israel Krush to learn more.

Converge Insurance: Cyber Risk Management Company Secures $15 Million From Forgepoint Capital

By Annie Baker ● Aug 25, 2023

Converge Insurance - the pioneers in advanced cyber risk management and underwriting - recently announced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined Converge Insurance’s Board of Directors as part of the funding round.

Propeller Bonds: This Underwriting Platform Company Offers Access To Over 7,000 Surety Bonds

By Amit Chowdhry ● Aug 25, 2023

Propeller Bonds is a fully automated end-to-end underwriting platform company. Pulse 2.0 interviewed Propeller Bonds co-founder and co-CEO Aaron Steffey.

Solu Therapeutics: $31 Million Raised To Develop Therapeutics To Eliminate Disease-Driving Cells

By Amit Chowdhry ● Aug 24, 2023

Solu Therapeutics - a precision-medicine company developing therapeutics to eliminate disease-driving cells - founded by Longwood Fund recently announced the closing of an oversubscribed $31 million seed financing co-led by Longwood and Santé Ventures, with additional participation from DCVC Bio, Astellas Venture Management, and Alexandria Venture Investments.