Archives

Databricks: Series I Funding Round Raised At $43 Billion Valuation

By Amit Chowdhry ● Nov 21, 2023

Databricks - a renowned Data and AI company - recently announced additional closings of its recent Series I funding. Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, putting the company at a $43 billion post-money valuation.

Cyble: Cybersecurity Company Raises $30.2 Million

By Annie Baker ● Nov 21, 2023

Cyble recently announced the successful completion of its Series B funding round in securing an additional $6.2 million. Earlier this year, Cyble secured $24 million in the initial tranche of its Series B funding. With this latest funding round, the company has officially closed the entire funding round at $30.2 million.

Craft Ventures: $1.32 Billion Closed For Craft Ventures IV and Growth II

By Amit Chowdhry ● Nov 21, 2023

Craft Ventures recently announced it closed $1.32 billion in fresh capital for their two latest funds: Craft Ventures IV ($712 million) - their fourth early-stage fund - and Craft Ventures Growth II ($608 million) - their second growth fund. And the combination of venture and growth funds enables us to support the most exciting B2B software companies across stages. The new funding round brings the firm’s assets under management to $3.3 billion.

BrightGo: Janitorial Software Company Raises $3 Million

By Noah Long ● Nov 21, 2023

BrightGo - a modern janitorial software company - recently announced it closed a $3 million seed round co-led by Costanoa Ventures and Index Ventures. And the company already has customers across the U.S. and Canada that do janitorial services for national supermarket chains, retail stores, and malls, among other commercial properties. And the company plans to use the funding round to fast-track product development.

Radius Agent: Real Estate Brokerage Platform Company Raises $13 Million

By Annie Baker ● Nov 21, 2023

Radius Agent (dba Radius) - a technology-focused and agent-centric real estate brokerage platform recently announced it has raised a $13 million Series B funding led by AXA Venture Partners and with participation from NFX, Cota Capital, and Sierra Ventures, among other existing investors. And Radius is a full-service and modern brokerage that provides real estate professionals and their teams with the support and tools needed to grow their business with a simplified and sensible commission structure. The company plans to scale its team further and offer the new funding.

CoverSelf: $8.2 Million Raised To Scale Operations And Build GenAI Capabilities

By Annie Baker ● Nov 21, 2023

CoverSelf - a unified platform for healthcare claims and payment integrity - recently announced an $8.2 million seed round as it successfully deploys platform in the ecosystem.

Bison Ventures: $135 Million Debut Fund Launches To Invest In Early-Stage Tech Companies

By Amit Chowdhry ● Nov 21, 2023

Bison Ventures - a venture capital firm that invests in early-stage frontier technology companies - recently announced the closing of its debut $135 million fund. The firm is focused on investing in and supporting teams using innovative science and deep technology to address some of the world’s most pressing challenges. From solutions that address climate change to treating disease to meeting the world’s insatiable demand for computing, Bison backs bold and technical solutions with the potential for massive scale.

Betterleave: $2.4 Million Closed To Help Organizations Support Members With Bereavement Care

By Noah Long ● Nov 21, 2023

Betterleave - a pioneering platform that partners with organizations to improve access, experience, and outcomes while lowering the total cost of bereavement care - recently announced it has raised $2.4 million in funding. The funding round was led by Chingona Ventures, with participation from Bread and Butter Ventures, Vitalize VC, Wisdom Ventures Fund, Coyote Ventures, and AARP. Betterleave brings a differentiated approach to grief and mental health by offering a comprehensive digital and clinical care solution that addresses the complex challenges individuals face when preparing for and navigating bereavement.

Cromatic: Outsourced Life Sciences Research Company Secures $5.3 Million

By Annie Baker ● Nov 21, 2023

Cromatic - a full-stack digital platform for outsourced life sciences research - recently announced it has closed $5.3 million in funding. LifeX Ventures and AgFunder led the round with participation from Work Life Ventures, Not Boring Capital, FJ Labs, What If Ventures, Lux Capital, and angel investors.

Why SplitMetrics Is Buying App Radar

By Amit Chowdhry ● Nov 21, 2023

SplitMetrics - an American startup specializing in app growth solutions - recently announced it has acquired App Radar, an Austrian app marketing and analytics platform, in a seven-figure all-cash deal. This agreement creates the industry’s largest platform providing AI-powered services, including paid user acquisition (UA), app store optimization (ASO), conversion rate optimization, and data analytics.

Eleos Health: Behavioral Health AI Leader Company Raises $40 Million

By Annie Baker ● Nov 21, 2023

Eleos Health - a leader in AI for behavioral health - recently announced a $40 million Series B funding round led by Menlo Ventures, with participation from F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNEXT and ION. Along with funding from existing investors aMoon and lool ventures, this funding round brings Eleos Health's total funding to $68 million.

Click Therapeutics: $20 Million Raised To Commercialize Software As Prescription Medical Treatments

By Dan Anderson ● Nov 21, 2023

Click Therapeutics - a leader in Digital Therapeutics as prescription medical treatments - recently announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A. And the term loan was partially drawn at closing, with the proceeds used to retire Click’s previous term loan. The undrawn balance remains fully available to help advance Click’s prescription digital therapeutic pipeline.

Hammerspace: This Company’s Data Orchestration System Makes Unstructured Data A Global Resource

By Amit Chowdhry ● Nov 21, 2023

Hammerspace delivers a global data environment that spans across data centers, AWS, Azure, and Google cloud infrastructure. Pulse 2.0 interviewed Hammerspace CEO David Flynn to learn more about the company.

Payroll Integrations: $20 Million Raised To Support Employee Financial Wellness

By Amit Chowdhry ● Nov 21, 2023

Payroll Integrations - a technology company reimagining how employers support employees’ financial well-being through benefit automation - recently announced the closing of its $20 million Series A funding round. Arthur Ventures, a Minneapolis-based growth equity firm with deep expertise in B2B software, led the funding round.

Pantheon Vision: Bioengineered Corneal Implant Company Secures $2.5 Million

By Noah Long ● Nov 21, 2023

Pantheon Vision - an early-stage ophthalmic medical device company - recently announced it raised $2.5 million in seed financing from KeraLink International (KLI). The company is developing bioengineered implants to raise the standard of eye care globally and reduce reliance on donated corneal tissue, often unavailable in low- and middle-income countries (LMICs).

Boréas: Haptic Semiconductor Platform Company Raises $12 Million

By Amit Chowdhry ● Nov 21, 2023

Boréas Technologies - a pioneer in haptic semiconductor platforms - recently announced the closing of a US$12 million Series B financing round. And Boréas will use the funding round to accelerate the high-volume production of its ultra-low-power piezo haptic semiconductors in mobile, PC, and automotive applications.

Nowsta: $35 Million Raised To Build The Operating System For Gig Workforces

By Amit Chowdhry ● Nov 21, 2023

Nowsta - a technology company building the operating systems for gig workforces - recently announced a $35 million Series C financing round. This funding round coincides with the launch of Nowsta Staffing Labs, the biggest step yet toward transforming how employers source, hire, and manage pools of contingent workers.

CIVC Partners: $870 Million In Commitments Closed For Fund VII

By Amit Chowdhry ● Nov 21, 2023

CIVC Partners, L.P. - a Chicago-based middle market private equity firm - recently announced the completion of fundraising for its latest fund, CIVC Partners Fund VII, with $870 million of commitments. Launched in June 2023, Fund VII was oversubscribed and surpassed its initial target of $700 million.

ProJenX: $15 Million Secured To Develop Brain-Penetrant Therapies To Treat Amyotrophic Lateral Sclerosis And Other Brain Diseases

By Dan Anderson ● Nov 21, 2023

ProJenX - a clinical-stage biotechnology company developing novel, brain-penetrant therapies targeting biologically defined pathways for the treatment of amyotrophic lateral sclerosis (ALS) and other debilitating brain diseases - recently announced the initial closing of a $15 million Series A financing. Led by Medical Excellence Capital - which also led the company's seed financing round and created ProJenX in collaboration with Project ALS and researchers at Columbia University - the Series A funding round will fund the continued development of ProJenX's lead compound, prosetin, for the treatment of ALS.

Rush.app: Helping E-Commerce Brands Increase Revenues Through Shipping Notifications

By Amit Chowdhry ● Nov 21, 2023

Rush.app is a company that helps e-commerce brands and online retailers increase revenue and turn one-time buyers into repeat customers in just a few clicks through its shipping notifications that take them to high-converting and beautifully crafted tracking pages filled with upsells and cross-sells. Pulse 2.0 interviewed Rush.app’s newly appointed CEO, Mario Peshev.

Won J. You: Advancing Digital Design In Over A $9 Billion Market

By Amit Chowdhry ● Nov 21, 2023

Won J. You is a seasoned design leader and educator who’s spent over 20 years designing and creating award-winning experiences. Currently, Won leads the charge at Won J. You Studios as chief disruptor and designer for social impact, where he is inspired by creating immersive experiences and elegant and engaging products.

Virdee: Guest Experience And Check-In Automation Company Raises $12.4 Million

By Amit Chowdhry ● Nov 20, 2023

Virdee - a leader in guest experience technology and check-in automation - recently announced that it has raised $12.4 million in an oversubscribed Series A funding round led by Moneta Ventures with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory and other strategic partners. And Virdee will use this funding round to further the company’s technological innovation with expanded product features and functionality while growing its workforce and deepening its presence in the hospitality sector.

Enlightened Hospitality Investments Collaborating With Qu To Drive Innovation In The Restaurant Industry

By Amit Chowdhry ● Nov 20, 2023

Qu - an agile restaurant tech company with the industry’s first unified commerce platform for multi-channel ordering - recently announced an investment from Enlightened Hospitality Investments (EHI), a strategic growth equity firm affiliated with Union Square Hospitality Group (USHG). And EHI invests in high-growth, category-leading companies, emphasizing technologies that fuel improved guest and employee experiences.

Terray Therapeutics Receives Investment From NVIDIA

By Annie Baker ● Nov 20, 2023

Terray Therapeutics - a biotechnology company integrating scale experimentation and generative AI to improve the speed, cost, and success rate of small molecule drug discovery and development - recently announced an equity investment by NVentures, NVIDIA’s venture capital arm. Additional financing included a strong syndicate of new and existing institutional investors, including industry leaders John Maraganore, founding Chief Executive Officer of Alnylam Pharmaceuticals, and Bassil Dahiyat, founder and Chief Executive Officer of Xencor.

AristaMD: $16.5 Million Raised And Joins Forces With Sitka

By Noah Long ● Nov 20, 2023

AristaMD - a digital healthcare company specializing in eConsults and referral management services - recently announced it has joined forces with Sitka, a video-consult specialist network supporting value-based care providers, and the close of its latest financing to help expand cost-effective and timely specialty care.

Layer Health: MIT Spin-Off Raises $4 Million From GV, General Catalyst, And Inception Health

By Amit Chowdhry ● Nov 20, 2023

Layer Health is a healthcare AI company that spun out of MIT, and it is backed by $4 million in funding from GV (Google Ventures), General Catalyst, and Inception Health. The company's goal is to solve the information problem in healthcare.

StretchDollar Partners With Resolve Medical Bills To Help With Healthcare-Related Debt

By Amit Chowdhry ● Nov 20, 2023

There are nearly one-third of Americans who are dealing with healthcare-related debt, and about half of individuals’ medical debt exceeds $2,000. And to lessen the burden of healthcare costs for small business employees, health benefits startup StretchDollar has partnered with Resolve Medical Bills, a medical debt solution company.

TRAFiX: Strategic Growth Investment Raised From Marlin Equity Partners

By Amit Chowdhry ● Nov 20, 2023

TRAFiX LLC - a leading provider of order and execution management software (OEMS) and FIX connectivity solutions for the global capital markets - recently announced that it has secured a strategic growth investment from Marlin Equity Partners. The deal will enable the company to advance its market position through rapid product development, support its expansion goals, and make continued investments in its people and talent.

Ambyint: Artificial Lift Optimization Software Company Raises Funding

By Amit Chowdhry ● Nov 20, 2023

Ambyint - a leading provider of AI-powered production and artificial lift optimization software for the energy industry - recently announced the successful closure of its latest capital round and relocation of its head office to Calgary, Alberta.

Refine Intelligence: $13 Million Raised To Help Banks Reduce The Growing Costs Of Financial Crime

By Amit Chowdhry ● Nov 20, 2023

Refine Intelligence - a pioneer in Financial Crime Greenflagging - recently launched with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.