Archives

Reserv: AI-Driven Insurance Claims Processing Company Secures $20 Million

By Dan Anderson ● Oct 11, 2023

Reserv - a leader in AI-driven insurance claims processing - recently announced the closing of its $20 million Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.

Cruz: Funding Received From Jony Ive

By Amit Chowdhry ● Oct 11, 2023

Cruz - a consumer technology company that creates exceptional products that are built to last - recently announced a significant investment round from former Apple executive Jony Ive.

Warburg Pincus Investing In Everise At About $1 Billion Valuation

By Annie Baker ● Oct 11, 2023

Everise (a leading global healthcare services outsourcing company) recently announced that Warburg Pincus (a leading global growth investor) has agreed to invest in the company. Warburg Pincus joins existing investor Brookfield and investors are committed to accelerating the company's growth trajectory through business expansion and M&A. Warburg Pincus' investment values the company at around $1 billion.

Evo Security: $1 Million Raised From Strategic Cyber Ventures

By Dan Anderson ● Oct 11, 2023

Strategic Cyber Ventures - a leading cybersecurity-focused venture capital firm - recently announced a $1 million investment into Evo Security's latest funding round. These are the details.

Plenful: $9 Million Closed To Streamline Healthcare/Pharmacy Operations Through AI-Based Automation

By Noah Long ● Oct 11, 2023

Plenful - a workflow automation platform streamlining pharmacy and healthcare operations - recently announced $9 million in funding led by Bessemer Venture Partners and more than 20 enterprise customers across health systems and pharmacies.

GuidePoint Security: Cybersecurity Solutions Company Raises Funding Round

By Annie Baker ● Oct 11, 2023

GuidePoint Security - a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk - recently announced the closing of a funding round led by Audax Private Equity.

Trinetix: Product Development Platform Company Raises $10 Million

By Noah Long ● Oct 11, 2023

Trinetix - a leading product development company that drives transformative innovation for multi-billion dollar enterprises - recently announced it has secured $10 million in funding from the investment fund Hypra.

Cortica: $40 Million Secured To Deliver Life Changing Care

By Noah Long ● Oct 11, 2023

Cortica - the leading physician-led, whole-child, value-based autism services company - recently announced that it has raised $40 million in a Series D extension, bringing the total Series D round to $115 million. This extension was entirely strategic, led by CVS Health Ventures in connection with LRVHealth, Ascension Investment Management (a subsidiary of Ascension), and the University of Wisconsin Foundation.

Loop: Supply Chain Audit And Payment Platform Closes Secures $35 Million

By Annie Baker ● Oct 11, 2023

Loop - a modern audit & payment platform for the next-gen supply chain - recently announced it has raised a $35 million Series B, co-led by J.P. Morgan Growth Equity Partners and Index Ventures. And Loop is used by global shippers including Great Dane, GILLIG, and JPMorgan Chase; and logistics service providers including Convoy and Loadsmart.

7wireVentures: Digital Health Venture Firm Launches $217 Million Growth & Opportunity Fund

By Amit Chowdhry ● Oct 11, 2023

7wireVentures - one of the country’s leading digital health venture capital firms - recently announced the successful completion of a $217 million Growth & Opportunity “GO” Fund, its largest to date.

Rainforest: Payments-As-A-Service Platform Company Closes $11.75 Million

By Annie Baker ● Oct 11, 2023

Rainforest - a Payments-as-a-Service (PaaS) platform - recently announced the closing of an $11.75 million seed funding round led by Accel, with participation from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and several strategic angels.

Vyzer: Digital Wealth Management Platform Company Closes $6.3 Million

By Amit Chowdhry ● Oct 11, 2023

Vyzer - an innovative digital wealth management platform - recently announced it has successfully raised a seed round of $6.3 million from leading VCs, angel investors, and family offices. These are the details.

Cicada: Non-Custodial Credit Risk Management Company Raises $9.7 Million

By Annie Baker ● Oct 11, 2023

Cicada Partners - a non-custodial credit risk management company bringing greater transparency and accountability to institutional lending over public blockchain infrastructure - recently announced a $9.7 million funding round with equity and debt capital commitments led by Choppa Capital.

Shorla Oncology: Specialty Pharmaceutical Company Closes $35 Million

By Amit Chowdhry ● Oct 11, 2023

Shorla Oncology - a U.S.-Ireland specialty pharmaceutical company - recently announced that it has raised $35 million in Series B funding, led by Kurma Partners’ Growth Opportunities Fund.

Cyviation: Aircraft Cybersecurity Company Lands $4 Million In Funding

By Amit Chowdhry ● Oct 11, 2023

Cyviation - a first cybersecurity company focusing on aircraft security by providing multiple layers of resilience ranging from fleet assessment and aircrew training to Aviation SIEM - aircraft cyber event management - recently announced an additional $4 million funding round. This funding is part of a larger round that is is expected to enter Series A by the first half of 2024.

Electric Hydrogen: $380 Million Secured To Build Powerful Electrolyzers For Critical Industries

By Amit Chowdhry ● Oct 11, 2023

Electric Hydrogen (EH2) recently announced the successful completion of an oversubscribed $380 million Series C financing. The new funding round will accelerate the company’s manufacturing and deployment plans to meet strong customer demand for its power-dense green hydrogen systems.

Muir AI: $3.25 Million Secured To Address Climate Change

By Annie Baker ● Oct 11, 2023

Muir AI - an early-stage startup building a talented team passionate about solving climate change - recently announced that it raised $3.25 million in a seed funding round led by venture capital firm Base10 Partners. Other participants in the seed round included existing investors Madrona Venture Labs and Soma Capital. The funding will accelerate Muir’s development of AI technology to reduce emissions within corporations’ supply chain.

Blackbird Labs: $24 Million Secured To Help Restaurants Directly Connect And Reward Guests

By Amit Chowdhry ● Oct 11, 2023

Blackbird Labs - a hospitality technology company whose platform helps restaurants directly connect and reward their guests and incentivize these customers to return - recently announced it has raised a $24 million Series A round.

LANGaware: Mental Health Diagnostics Company Raises $2 Million

By Annie Baker ● Oct 11, 2023

LANGaware - a US-based company revolutionizing cognitive and mental health diagnostics through AI-driven technology - recently announced it successfully raised $2 million in funding. Eleven Ventures, a leading early-stage venture capital firm in Southeast Europe, led the seed funding round.

Peak Energy: $10 Million Raised To Develop Low-Cost Giga-Scale Storage Technology

By Dan Anderson ● Oct 11, 2023

Peak Energy - a U.S.-based company developing low-cost, giga-scale energy storage technology for the grid - recently launched from stealth following a $10 million funding round led by Eclipse.

Centro: Inventory Platform Company Secures $2 Million

By Noah Long ● Oct 11, 2023

Centro - an automated inventory control center for growing e-commerce brands - recently announced $2 million in pre-seed funding led by Ripple Ventures and 2048VC, with participation from Valia Ventures and Comma Capital.

At One Ventures: $375 Million Climate Tech Fund Launched

By Amit Chowdhry ● Oct 11, 2023

At One Ventures - a climate tech venture capital firm launched in 2020 by Tom Chi, founding member of Google X - recently announced the closing of a $375 million second fund. Like Fund I, Fund II is going to focus on backing early-stage startups with disruptive technologies that could improve planetary health by resetting the industries causing the most damage to the planet like buildings and construction, energy and transportation, and food and agriculture.

Lendbuzz: $345 Million Secured To Ramp Up Auto Finance Platform

By Amit Chowdhry ● Oct 11, 2023

Lendbuzz, a financial technology company that utilizes alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers, announced recently that they raised $345 million in a combination of $45 million in equity funding and $300 million in a forward flow facility. Group 1001 led the funding round with participation from existing investors including, 83North, O.G. Venture Partners, and MUFG Innovation Partners.

Mitiga: Strategic Investment Received From Cisco Investments

By Amit Chowdhry ● Oct 11, 2023

Mitiga - a cloud and SaaS incident response leader - recently announced that Cisco Investments has made a strategic investment in the company. These are the details.

Swag Golf: Golf Equipment And Apparel Company Closes $10 Million In Funding

By Annie Baker ● Oct 11, 2023

Swag Golf - a leading premium, limited-edition golf accessory, equipment, and apparel company - recently announced it has closed a $10 million growth round led by Verance Capital.

Smileyscope: Immersive Digital Therapeutics Company Raises Seed Round

By Noah Long ● Oct 11, 2023

Smileyscope - a global pioneer in immersive digital therapeutics - recently announced the successful closing of its seed prime round. The funding round included investments from Breakthrough Victoria, Ten13, Alice Anderson Fund and MedAngels. This funding round will enable Smileyscope to grow its clinical-stage pipeline, and rapidly expand across the health systems in the United States and Australia.

Paytient Launches Platform To Expand Suite Of Health Plan Affordability Solutions

By Amit Chowdhry ● Oct 11, 2023

Paytient recently announced the launch of their Paytient Health platform to expand their suite of health plan affordability solutions for employers and their employees to save money on care and pharmaceuticals.

Clearco: $60 Million In Series D Raised And Recapitalization Announced

By Amit Chowdhry ● Oct 11, 2023

Toronto-based fintech company Clearco recently announced the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses.

rabbit: Consumer Hardware And Foundation Model Research Company Closes $20 Million

By Annie Baker ● Oct 11, 2023

Rabbit - an AI company focusing on consumer hardware and foundation model research - recently announced that it had raised a $20 million round led by Khosla Ventures, with participation from existing investors, including Synergis Capital, and strategic partners, including Kakao Investment. The funding round will be used to scale the company's engineering and product development efforts and prepare for its hardware launch early next year.

Impact Capital Acquires Majority Stake In JUNKLESS

By Amit Chowdhry ● Oct 11, 2023

Impact Capital - the Private Equity group of Mike Repole’s family office - recently announced it had acquired a majority stake in JUNKLESS Foods.