Archives

RISC Zero: Virtual Machine Technology Company Raises $40 Million

By Dan Anderson ● Aug 3, 2023

RISC Zero - a developer of leading general purpose zero-knowledge (ZK) virtual machine technology - recently announced it has raised a $40 million Series A. The funding round was led by Blockchain Capital and joined by seed round lead Bain Capital Crypto, with participation from other notable investors, including Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC, Tribute Labs' Zero Dao, Figment Capital, and Alchemy Ventures.

Terabase Energy: Solar Power Plant Automation Solutions Company Secures $25 Million

By Annie Baker ● Aug 3, 2023

Terabase Energy - the leader in digital and automation solutions for solar power plants - recently announced $25 million in new funding led by Fifth Wall, the largest asset manager focused on improving, future-proofing, and decarbonizing the built world, with participation from EDP Ventures and existing investors. This funding round will support the commercial scale-up of the company’s recently launched Terafab construction automation system, the world’s first automated digital field factory for solar power plant construction.

SURGE Therapeutics Completes $32 Million Series B Round For Advancing Intraoperative Immunotherapy To Improve Cancer Patient Survival

By Noah Long ● Aug 3, 2023

SURGE Therapeutics - a biotech company pioneering the delivery of immunotherapy during cancer surgery - recently announced the completion of a $32 million Series B financing led by Bioluminescence Ventures, with participation from KdT Ventures, Piedmont Capital, and existing investors 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, and Pitango HealthTech.

Hightouch: Data Activation Company Closes $38 Million In Funding

By Annie Baker ● Aug 3, 2023

Hightouch - a leading Data Activation company - recently announced $38 million in additional funding to launch and grow its Customer 360 offering. This funding round was led by Bain Capital Ventures and it was used to create a new Customer 360 Toolkit that enables data analysts to build unified customer profiles on top of their raw customer data without months of engineering effort.

Renibus Therapeutics: $47 Million Secured To Treat Cardio-Renal Diseases

By Annie Baker ● Aug 3, 2023

Renibus Therapeutics - a clinical-stage biopharmaceutical company focusing on the prevention and treatment of cardio-renal diseases - recently announced raising $47 million from the initial closings of a Series B financing. The proceeds from the financing will be used to advance RBT-1 through a pivotal Phase 3 trial for its lead indication of reducing the risk of post-operative complications following cardiothoracic surgery.

Cognaize: Intelligent Document Processing Company Raises $18 Million

By Dan Anderson ● Aug 3, 2023

Cognaize - an intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology - recently announced today that it has closed $18 million in Series A funding to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the company’s AI solutions, which currently are focused on meeting the specific challenges of the global financial industry. The funding round was led by Argonautic Ventures, with participation from Metaplanet, and several other investors.

Verismo Therapeutics: Penn Spinout Company Raises $17 Million Funding Round

By Amit Chowdhry ● Aug 3, 2023

Verismo Therapeutics - a clinical-stage CAR T company, Penn spinout, and pioneer of the novel KIR-CAR platform technology - recently announced it has raised $17 million in a second pre-Series A financing round. The funding round will support the continued advancement of the clinical trial for SynKIR-110, a first-in-class KIR-CAR T cell immunotherapy candidate for solid tumors, and pre-clinical development of SynKIR™-310, a KIR-CAR T cell immunotherapy therapeutic for blood cancers.

Connectbase: $16 Million Debt Facility From Silicon Valley Bank Secured

By Annie Baker ● Aug 3, 2023

Connectbase - The Industry Cloud for Connectivity - recently secured a $16 million debt facility from Silicon Valley Bank (a division of First Citizens Bank) to be used for growth and market expansion.

Leap: Energy Market Access Platform Company Lands $12 Million In Funding

By Noah Long ● Aug 3, 2023

Leap - a leading platform for energy market access - recently announced that it has secured a new capital raise totaling $12 million in equity financing. Standard Investments led the funding round with participation by DNV Ventures and Sustainable Future Ventures and existing Leap investors, including Union Square Ventures, Congruent Ventures and National Grid Partners.

Pure Ventures: Early-Stage VC Firm Closes $20 Million Fund II

By Amit Chowdhry ● Aug 3, 2023

Pure Ventures (formerly Alpha Bridge Ventures) - an early-stage venture capital firm dedicated to empowering founders' personal and professional growth - recently announced the closing of a new $20 million Fund II. This new fund enables the firm to continue executing its core mission around the mental health/wellness of founders while expanding the team by hiring Alicia Zeng as their Director of Ops. And Pure Ventures provides portfolio companies access and subsidies to a wide range of personalized services through Pilea (formerly Atlas), an integrative leadership and wellness coaching platform co-founded by Dr. Kari Sulenes and Pure Ventures.

HyAxiom: Fuel Cell And Electrolyzer Solutions Company Completes $150 Million Private Placement

By Noah Long ● Aug 3, 2023

HyAxiom - a leading developer and manufacturer of fuel cell and electrolyzer solutions - announced the completion of a private placement of convertible preferred stock in an aggregate amount of approximately $150 million led by three Korean investment firms - Korea Investment Private Equity, KDB Investment–Hana Securities and KB Asset Management.

Torch Dental Completes $28 Million Funding Round To Help Dentists Run Their Practices

By Noah Long ● Aug 3, 2023

Torch Dental - a digital all-in-one dental supply partner for dental practices - recently announced its latest funding round of $28 million, which brings total funding since inception to approximately $40 million. Health Velocity Capital led the Series B funding round with participation from existing investors Bessemer Venture Partners, which led previous financing rounds, FJ Labs, Felicis Ventures, Tectonic Ventures, Raga Partners, Town Hall Ventures, and other investors.

Ati Motors: Industrial Robotics Company Secures $10.85 Million In Funding

By Amit Chowdhry ● Aug 3, 2023

Ati Motors - a maker of autonomous industrial robots - recently announced the closing of its Series A funding round of $10.85 million. This investment, alongside the company’s product launch event, will further drive the development and deployment of Ati Motors' robotics technology for automating work in industrial environments and warehouses.

Whop.com: Digital Product Marketplace Closes $17 Million In Funding

By Noah Long ● Aug 3, 2023

Digital product marketplace Whop.com recently announced that it raised a $17 million Series A from Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Cory Levy, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson (Animal Capital), James Harden, Kevin O’Leary, and Josh Browder.

InspectionGo: $5.5 Million Raised To Help Independent Home Inspection Companies Be Successful

By Amit Chowdhry ● Aug 3, 2023

InspectionGo (iGo) - a leading provider of cutting-edge technology and services that helps independent home inspection companies be successful by unlocking the full value of home inspections for homeowners and real estate investors - recently announced it has closed a $5.5 million Series A funding round.

FedML: Custom AI Development Company Closes $11.5 Million In Funding

By Amit Chowdhry ● Aug 3, 2023

FedML recently announced that it closed $11.5 million in seed funding to expand development and adoption for its distributed MLOps platform, which helps companies efficiently train and serve custom generative AI and large language models using proprietary data while reducing costs through decentralized GPU cloud resources shared by the community.

o9 Solutions: $119 Million In Additional Funding Raised At $3.7 Billion Valuation

By Annie Baker ● Aug 3, 2023

o9 Solutions - a leading enterprise AI software platform provider for transforming planning and decision-making for global enterprises - recently announced that its existing investors, led by General Atlantic’s BeyondNetZero, the inaugural companion fund for the growth equity firm’s climate investing efforts, have invested an additional $116 million in the company. And existing investors KKR and Generation Investment Management also participated in the round. The investment values o9 at $3.7 billion, up from $2.7 billion since the company’s last investment round in January 2022.

Exactera: Corporate Tax Compliance Solutions Company Secures $33 Million

By Amit Chowdhry ● Aug 3, 2023

Exactera - a leader in technology-driven tax compliance solutions - recently announced its new brand identity and named Walter Scott the company’s new CEO. And Exactera also announced it had raised $33 million in additional funding from investment firms Insight Partners and Savant Growth.

SiPhox Health: Lab-Grade Home Health Testing Company Raises $27 Million

By Amit Chowdhry ● Aug 3, 2023

SiPhox Health - a leader in building the next generation of lab-grade home health testing with silicon photonics - recently announced it raised $27 million in funding, including a $10 million Seed financing and a $17 million Series A round. Intel Capital led the Series A round with participation from Khosla Ventures, Kortex Ventures, Alumni Ventures, Metaplanet, Shorewind Capital, LongeVC, Overlap Holdings, and Duke Capital Partners. Khosla Ventures and Y Combinator led the Seed funding with participation from Metaplanet, Massachusetts Manufacturing Innovation Initiative, Rsquared, Vituity, Paul Buchheit, Balaji Srinivasan, Bob Lee, Longevity Tech Fund, and several others.

Preply: Online Language Learning Marketplace Adds $70 Million To Funding Round

By Amit Chowdhry ● Aug 3, 2023

Ukrainian-founded Preply recently announced it reached a milestone in the company’s funding history today, raising an additional $70 million in equity and debt capital to take its Series C to $120 million. With nearly 500 employees of 60 nationalities across 30 countries worldwide, Preply has become a global e-learning powerhouse that connects 35,000 tutors with the world’s largest live language learning community.

Isometric: $25 Million Raised For Building Transparent Registry For Durable Carbon Dioxide Removal

By Amit Chowdhry ● Aug 3, 2023

Isometric is a company that has transparently surfaced previously unseen carbon removal activity data from companies across different pathways, including bio-oil sequestration company Charm Industrial, enhanced rock weathering company Eion, ocean alkalinity enhancement company Planetary, and microalgae burial company Brilliant Planet.

TLV Partners: $250 Million Early-Stage Israeli Startups Fund V Launched And $1 Billion AUM Achieved

By Amit Chowdhry ● Aug 3, 2023

Israel-based venture capital firm TLV Partners recently announced a milestone of $1 billion in assets under management (AUM) alongside the introduction of its $250 million Fund V. And the fund signifies TLV Partners' ongoing dedication to nurturing early-stage startups founded by outstanding Israeli entrepreneurs, focusing on sectors such as developer tools, AI, cybersecurity, fintech, biotech, and more.

Hyperice: Over $100 Million Strategic Growth Capital Facility Investment Raised

By Annie Baker ● Aug 3, 2023

Atlas Credit Partners - an asset management firm specializing in investing and partnering with growth-oriented businesses - recently announced over a $100M strategic growth capital facility investment in Hyperice, a leading holistic high-performance wellness brand. And Atlas Credit Partners' investment will support Hyperice's mission to help everyone on Earth move, live, and be better through improved physical movement. This deal follows an incredible year of innovation after Hyperice added five new award-winning products to its line of high-performance wellness technology.

Leverage: $7 Million Closed To Modernize Global Supply Chains

By Annie Baker ● Aug 3, 2023

Leverage - a leading platform for end-to-end supply chain visibility - recently announced a $7 million investment of growth capital led by Chicago Ventures, with participation from Las Olas Venture Capital, Remarkable Ventures, Tensility, and Florida Funders.

Westlake Village BioPartners: $450 Million Third Fund Launches

By Amit Chowdhry ● Aug 3, 2023

Westlake Village BioPartners recently announced the launch of its third fund of $450 million to incubate and grow early-stage next-generation biotechnology companies in the Los Angeles region and beyond. And the new fund will be managed by founding managing director Beth Seidenberg, M.D., managing director Mira Chaurushiya, Ph.D., and David Allison, Ph.D., who was recently appointed managing director.

Feinstein Institutes Researchers Use Double Neural Bypass To Restore Feeling And Movement In Man Living With Quadriplegia

By Amit Chowdhry ● Aug 3, 2023

In a first-of-its-kind clinical trial, bioelectronic medicine researchers, engineers, and surgeons at Northwell Health’s Feinstein Institutes for Medical Research have successfully implanted microchips into the brain of a man living with paralysis and have developed artificial intelligence (AI) algorithms to re-link his brain to his body and spinal cord. And this double neural bypass forms an electronic bridge that allows information to flow again between the man’s paralyzed body and brain to restore movement and sensations in his hand and lasting gains in his arm and wrist outside of the laboratory.

Silo Technologies: Food Supply Chain Company Raises $132 Million

By Amit Chowdhry ● Aug 3, 2023

Silo Technologies - a leading provider of modern technology solutions for the food supply chain - recently announced $132 million in new capital. Koch Disruptive Technologies, a subsidiary of Koch Industries, led the company's $32 million Series C round. And additional participants in the round included existing investors Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, and Moore Capital.

Hive Pro: Threat Exposure Management Company Closes $4 Million In Funding

By Dan Anderson ● Aug 3, 2023

Hive Pro - a Threat Exposure Management market pioneer - recently announced that they have closed $4 million in their seed funding round from private investors. And the successful completion of Hive Pro’s second round of seed funding will support the continued delivery of Hive Pro: Threat Exposure Management, a trusted platform to address the growing challenge of cyber threats.

SineWave Ventures: Over $160 Million Raised For Fund III

By Annie Baker ● Aug 3, 2023

SineWave Ventures - a Silicon Valley and Washington DC-based venture capital firm - recently announced the closing of a $160.3 million Fund III raise. And the SineWave fund was oversubscribed by 30%, countering national narratives of a challenging venture capital climate.

Offsite Lands $3 Million To Help Set Up Team Retreats

By Amit Chowdhry ● Aug 3, 2023

Offsite - a marketplace and tech-enabled services provider saving time, money, and stress for remote and hybrid companies planning team retreats - recently announced it has raised $3 million to help create more connected workforces through in-person experiences.