Archives

Kafene: Point-Of-Sale Financing Platform Company Raises $12.6 Million

By Dan Anderson ● Oct 10, 2023

Kafene - a point-of-sale financing platform that helps offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements - recently announced it extended its Series B round to include an additional $12.6 million in new equity capital.

PerfectScale: $7.1 Million Raised To Transform Kubernetes Optimization

By Amit Chowdhry ● Oct 10, 2023

PerfectScale - a leader in Kubernetes optimization - recently announced that the company has successfully closed $7.1 million in seed funding led by Blumberg Capital with participation from previous investor UpWest, Prelude Ventures, and additional investors K2 Access Fund, Inner Loop Capital, Triangle Tweener Fund, and Firestreak Ventures. This latest funding round brings the company’s total funding to nearly $10 million since it was founded in March 2022.

Health Data Analytics Institute: $31 Million Secured To Improve Patient Outcomes

By Annie Baker ● Oct 10, 2023

Health Data Analytics Institute (HDAI)— an AI company focused on empowering clinicians, optimizing care pathways, and improving patient outcomes — recently announced an oversubscribed $31 million Series C funding round to scale its predictive risk platform.

AI Clearing: Autonomous Construction Progress Tracking Company Raises $14 Million

By Dan Anderson ● Oct 10, 2023

AI Clearing - an AI-powered autonomous construction progress tracking and quality control platform - recently announced its $14 million Series A funding round.

Qube Technologies: Series B Funding Raised From Riverbend Energy Group

By Dan Anderson ● Oct 10, 2023

Qube Technologies - a global leader in cost-effective and accurate continuous emissions monitoring technology - recently announced it has secured Series B funding from Riverbend Energy Group.

Farther: Wealth Management Firm Raises $31 Million At $131 Million Valuation

By Annie Baker ● Oct 10, 2023

Farther – a leading technology-centric wealth management firm – recently announced the successful closing of its oversubscribed Series B, securing $31 million in investments for the round. This achievement propelled the firm's valuation to $131 million, marking a 2.5x increase compared to its previous valuation – within about one year since the successful completion of its Series A funding round.

Endolith: $1.1 Million Grant To Harness Microbes For Sustainable Mining

By Annie Baker ● Oct 10, 2023

Endolith - a prominent subsidiary of Cemvita - recently announced its success in securing a $1.1 million grant from the Department of Energy (DOE) to harness microbes for sustainable mining.

Health Data Innovations: Strategic Investment From Hughes & Company Raised

By Dan Anderson ● Oct 10, 2023

Health Data Innovations, LLC (HDI) - a leading healthcare data integration platform serving value-based care providers and payers - recently announced a strategic investment from Hughes & Company, a Chicago-based private equity firm focused on healthcare software and technology-enabled services. Bowen acted as an exclusive financial advisor to HDI.

Chai: Strategic Investment Raised At $450 Million Valuation Cap

By Noah Long ● Oct 10, 2023

Chai - a leading social AI platform - recently announced that it has closed a strategic investment with CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads. This deal caps Chai's valuation at $450 million.

Evergrow: First Funding Of Clean Energy Tax Credit Transfer Completed

By Amit Chowdhry ● Oct 10, 2023

Clean energy finance company Evergrow announced today that it has completed the funding of a clean energy tax credit transfer on its platform. This announcement comes on the heels of the recent publication of tax credit transfer guidance by the IRS and the recent report by Bank of America of its commitment to purchase $580 million of clean energy tax credits.

Nile: Delivering Network Independence Through A Self-Sufficient System In A $100 Billion Market

By Amit Chowdhry ● Oct 10, 2023

Nile is a company that delivers network independence through a system so disruptively simple - designed to care for itself, reject threats, unleash productivity and instill peace-of-mind. Pulse 2.0 interviewed Nile co-founder and CEO Pankaj Patel to learn more.

AlphaSense: Market Intelligence Company Raises $150 Million At $2.5 Billion Valuation

By Amit Chowdhry ● Oct 9, 2023

AlphaSense - a leading market intelligence and search platform - recently announced its $150 million Series E financing round, led by BOND and joined by existing investors, including Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs. The funding round brings AlphaSense's valuation to $2.5 billion.

AskFora: $1.5 Million Raised And Teams Offering Now Available

By Amit Chowdhry ● Oct 9, 2023

AskFora recently announced AskFora Teams, a new SaaS offering that helps organizations save time and money on recruiting, optimize employee development, and tackle workforce planning. The company also raised $1.5 million.

Cardata: Tax-Compliant Mileage Reimbursement Software Company Closes $100 Million

By Amit Chowdhry ● Oct 9, 2023

Cardata - a leading provider of tax-compliant mileage reimbursement software to leading global organizations - recently announced a new round of growth investment led by Wavecrest Growth Partners, with participation from MassMutual Ventures. Launched in 1999, Cardata offers reimbursement software, compliance programs, and business intelligence tools for companies whose employees drive their cars for work.

Why Contentsquare Is Buying Heap

By Amit Chowdhry ● Oct 9, 2023

Contentsquare - a global leader in digital experience analytics - recently announced it has signed a definitive agreement to acquire leading product analytics platform Heap. This deal will bring together two complementary industry players, unlocking a new era of customer insights and transforming the way businesses and organizations optimize their customers’ online experience.

Deka Biosciences: $20 Million Secured To Maximize Patient Benefits Through Improved Pharmacokinetics

By Annie Baker ● Oct 9, 2023

Biotech company Deka Biosciences recently announced that it has successfully closed a $20 million Series B2 financing with a syndicate of life science investors led by MPM BioImpact and joined by additional investors, including Leaps by Bayer, Lumira Ventures, O-Bio (Echo Investment Capital), Viva BioInnovator, Alexandria Venture Investments, Amana Investments, Plains Ventures, ATEM Capital and CEO John Mumm.

Nextdata: Data-Mesh-Native Platform Company Closes $12 Million

By Noah Long ● Oct 9, 2023

Nextdata - a provider of a data-mesh-native platform to build and share data products at scale - recently announced it has raised $12 million in seed investment led by Greycroft and Acrew Capital, with participation from additional investors and leading industry angels. The funding round will enable the development of the company’s proprietary data mesh technology and expand the hiring of critical talent across product, engineering, and go-to-market teams.

Imagine H2O: Applications Now Open For Accelerator Program

By Amit Chowdhry ● Oct 9, 2023

Imagine H2O opened the applications for its accelerator programs on October 4, following WEFTEC 2023 in Chicago, Illinois. This program equips early-stage startups with the resources they need to address water scarcity.

Mirakl And Havas Partnering To Accelerate E-Commerce And Retail Media

By Amit Chowdhry ● Oct 9, 2023

Mirakl (a pioneering and leading SaaS solution to empower businesses in their digital transformation through platform innovation) and Havas (one of the world's largest global communications networks) recently announced a unique global partnership to accelerate e-commerce and retail media growth.

Lumi: Seed Funding Raised To Transform The Disposable Packaging Industry

By Annie Baker ● Oct 9, 2023

Lumi - an innovative newcomer in the food and beverage packaging sector with a mission to combat the global surge in single-use plastics - recently announced that it successfully closed its seed round of funding.

Why Tendo Is Buying MDsave

By Amit Chowdhry ● Oct 9, 2023

Tendo - a software company focused on creating seamless healthcare experiences for patients, clinicians, and caregivers - recently announced that it is acquiring MDsave. These are the details.

Mercury: Early-Stage Venture Firm Closes $160 Million

By Amit Chowdhry ● Oct 9, 2023

Mercury Fund - a premier early-stage venture firm focused on investments outside of traditional coastal tech hubs - recently announced the successful closing of Mercury Fund V, with $160 million in capital commitments.

JPI Getting Acquired By Sumitomo Forestry America: Details

By Amit Chowdhry ● Oct 9, 2023

JPI (a leader in the development of Class A and attainable multifamily communities) and Sumitomo Forestry America (a comprehensive housing and wood products subsidiary of Sumitomo Forestry Co., Ltd.) announced the signing of a definitive agreement for the acquisition of JPI’s operating platform by Sumitomo Forestry. The minority interests will be acquired by Payton Mayes, Chief Executive Officer of JPI, and Mollie Fadule, Chief Financial and Investment Officer of JPI. JPI will maintain management over all assets currently under construction until completion and realization.

Midi Health: Women’s Midlife Healthcare Company Closes $25 Million

By Amit Chowdhry ● Oct 9, 2023

Midi Health - an emerging digital leader in women's midlife healthcare - recently announced the closing of a $25 million Series A funding round led by GV (Google Ventures). And investors Frederique Dame and Cathy Friedman from GV were joined by current investors Felicis, Semper Virens, Icon, 25M, and Operator Collective, bringing the company's total funding raised to $40 million.

Partillion Bioscience: $5 Million In Seed Funding Closed

By Noah Long ● Oct 9, 2023

Partillion Bioscience Corporation - a life science tools company - recently announced the closing of a $5 million seed financing round, expansion of its board of directors, and a multiyear agreement with Alloy Therapeutics as a Preferred Partner providing antibody discovery services using Partillion's Nanovial technology. Nanovials handle numerous industry challenges as the first microscale test tubes engineered to isolate and analyze individual cells compatible with standard laboratory equipment.

PortX: Open Banking Company Secures $16.5 Million

By Amit Chowdhry ● Oct 9, 2023

PortX - a transformative leader in open banking and seamless core integration for community financial institutions - recently announced the successful closing of a $16.5 million Series B funding round. The funding round was co-led by FUSE, a Pacific Northwest-based venture capital firm and Curql, a collective of forward-thinking credit unions. They were joined by BankTech Ventures, EJF Capital, and the Btech Consortium – all financial services-focused investment firms representing nearly 200 community financial institutions. This announcement comes one year after the company secured $10 million to close its Series A funding.

UnitX: $5 Million Raised To Advance Robotics At The Forefront Of Manufacturing Yield Management

By Dan Anderson ● Oct 9, 2023

UnitX - a robotics company building next-generation AI vision systems at the forefront of quality and yield management in manufacturing - recently announced a $5 million investment from SE Ventures, a venture fund backed by energy and automation giant Schneider Electric.

Yaysay: Gamified Shopping App Closes $10.3 Million

By Amit Chowdhry ● Oct 9, 2023

Yaysay is a company that recently launched in Beta mode. It is a first-of-its-kind shopping app that combines AI-driven personalization with gamification to transform the off-price shopping experience. Launched by retail industry pioneers, including two of the co-founders of Casper and executives from Gilt Groupe and Stitch Fix, Yaysay aims to make off-price shopping an exciting 5-minute daily habit while also providing a sustainable solution for excess inventory in the retail industry. The company also announced it secured a $10.3 million seed round of funding.

Machine Discovery: $6 Million Closed To Accelerate Compute-Intensive Optimization Tasks

By Annie Baker ● Oct 9, 2023

Machine Discovery - a software company that uses machine learning technology to accelerate compute-intensive optimization and simulation tasks - announced it has secured $6 million of funding. The funding round was led by BGF (one of the UK's largest investors) and East Innovate along with Foresight WAE Technology Funds, UK Innovation and Science Seed Fund (UKI2S), independently managed by Future Planet Capital (Ventures) Ltd and Oxford Technology.

Lumu: Continuous Compromise Assessment Cybersecurity Company Raises $30 Million

By Noah Long ● Oct 9, 2023

Lumu - the creators of the Continuous Compromise Assessment cybersecurity model that enables organizations to operate cybersecurity proficiently - recently announced it has closed a $30 million Series B round led by Forgepoint Capital, with participation from existing investors BIP Ventures, Exceptional Capital, and SIMMA Capital. Forgepoint Capital Managing Director Leo Casusol will join the Board of Directors. The new funding round brings the total funding raised to $38 million.