Archives

DeepMotion AI: A Rapidly Growing Company That Is Building The Largest AI-Generated 3D Animation Platform

By Amit Chowdhry ● May 28, 2024

DeepMotion aims to build the largest AI-generated 3D animation platform, democratizing the creation and use of digital human motion by making our technology accessible and user-friendly for diverse groups of creators, innovators, and industries. Pulse 2.0 interviewed DeepMotion AI founder and CEO Kevin He to learn more about the company.

APOLLO Insurance Raises C$18.5 Million And Launches FinShore

By Amit Chowdhry ● May 28, 2024

APOLLO, a Canadian digital insurance provider and innovator in the emerging embedded finance sector, announced the creation and launch of FinShore, a wholly owned buy-now-pay-later subsidiary. FinShore provides a fully embedded monthly payment option to over 100,000 Canadians insured with APOLLO.

Grubtech: SaaS Integration And Unified Commerce Platform Raises $15 Million

By Amit Chowdhry ● May 28, 2024

Grubtech, a leading SaaS integration and unified commerce platform empowering F&B and Quick Commerce enterprises, announced it raised $15 million in its Series B and Series A extension rounds. The Series B funding round was led by the VC arm of Jahez Group (a leading online food and quick commerce marketplace listed in Saudi Arabia), with the participation of existing investors Addition and Oryx Fund, the MENA-dedicated fund of Hambro Perks.

Hamilton Health Box: Microclinic Company Raises $10 Million

By Amit Chowdhry ● May 28, 2024

Hamilton Health Box (HHB) announced the completion of a $10 million Series A funding round led by 1588 Ventures, with participation from Memorial Hermann Health System, Impact Ventures by Johnson & Johnson Foundation, Texas Medical Center Venture Fund, and the Sullivan Brothers.

Overland AI: Autonomous Ground Mobility Company Raises $10 Million

By Amit Chowdhry ● May 28, 2024

Overland AI, a Seattle-based pioneer in off-road ground vehicle autonomy for the defense sector, announced it has raised $10 million in seed funding, led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer Square Labs, Voyager Capital, and Cubit Capital.

KETOS: Water Intelligence Company Secures $10 Million

By Amit Chowdhry ● May 28, 2024

KETOS, a leading water intelligence company, announced it has closed on $10 million in additional equity financing. The funding round was led by Tenfore Holdings, with participation from the national security-focused VC firm Danu Venture Group. And they join existing investors Broadway Angels, Plum Alley Ventures, Plug and Play Ventures, and Accenture, which serves as both an investor and strategic resale partner.

PosiGen: Second Funding Commitment From Brookfield Brings Total Funding To $400 Million

By Amit Chowdhry ● May 28, 2024

PosiGen, the nation's leading provider of renewable energy and energy efficiency solutions for underserved communities and a certified Public Benefits Corporation (PBC), announced that a direct lending infrastructure fund managed by Brookfield Asset Management has expanded upon its funding commitment with $150 million more. Brookfield and PosiGen started working together in 2023. This investment (now totaling $400 million) strengthens the ability to bring savings and clean energy to more homeowners.

KKR: $300 Million Corporate Credit Facility To Origis Energy Provided

By Amit Chowdhry ● May 28, 2024

Leading global investment firm KKR and Origis Energy (a leading renewable energy and decarbonization solution platform) announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. The proceeds from the facility will support the continued development and construction of Origis’ pipeline of solar and storage projects.

Robertson Stephens Strengthening Presence In Colorado With Addition Of Three Points Financial

By Amit Chowdhry ● May 28, 2024

Robertson Stephens Wealth Management further strengthened its presence in Colorado by welcoming Three Points Financial (an SEC-registered investment advisor managing about $118 million in advisory assets). Mary Alpers (founder of Three Points Financial) joins Robertson Stephens as Managing Director & Principal, and her office will become the new Robertson Stephens’ Colorado Springs office. And Mary’s team will also include her colleague of 17 years, Michelle Williamson.

Betterworks: How This Company Drives Higher Employee Engagement And Greater Manager Effectiveness

By Amit Chowdhry ● May 28, 2024

Betterworks is an intelligent performance management solution that empowers your people to reach their highest potential. Pulse 2.0 interviewed Betterworks CEO Doug Dennerline to learn more about the company.

Kong: Enabling Companies To Become API-First, Driving Developer Productivity And Automating Security

By Amit Chowdhry ● May 28, 2024

Kong enables any company to become API-first. Kong’s unified cloud-native API platform is easy to use and works in any environment — unleashing developer productivity, automating security, and boosting the performance of APIs and microservices at scale. Pulse 2.0 interviewed Kong co-founder and Chief Technology Officer (CTO) Marco Palladino to learn more about the company.

Viakoo: The Story Behind This Rapidly Growing Cyber Hygiene And Service Assurance Company

By Amit Chowdhry ● May 28, 2024

Braavo Capital: $5 Million Closed For Accelerating Web2App Subscriber Acquisition

By Amit Chowdhry ● May 28, 2024

Braavo Capital, a leading financing partner for consumer subscription apps, announced today the successful closing of a $5 million Series B funding round. Led by existing insiders with participation from Series A lead investor Headline and accompanied by a new $30 million debt fund with Upper90. This funding round marks a significant milestone for Braavo's continued expansion.

AssetWatch: Predictive Maintenance Solutions Company Raises $38 Million

By Amit Chowdhry ● May 28, 2024

AssetWatch, a leading condition monitoring and predictive maintenance organization, announced closing its Series B financing round of $38 million led by Wellington Management. And the company’s Series A investors, including G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio Growth Capital Fund, are investing in the Series B funding round.

Merit: Engagement Technology Company Raises $12 Million

By Amit Chowdhry ● May 28, 2024

Merit, a company that focuses on customer and engagement technology, announced it has reported oversubscription in its latest funding round, bringing in $12 million against a goal of $5 million in its pre-Series B effort led by Alistithmar Capital i-Cap and followed by existing Series A investors, Tech Invest Com and Hambro Perks Oryx Fund.

Daffodil Health: Healthcare Pricing And Administration Company Closes $4.6 Million

By Amit Chowdhry ● May 28, 2024

Daffodil Health, a provider of healthcare pricing and administration AI-powered solutions, announced it raised $4.6 million in a seed funding round led by Maverick Ventures, with participation from Epic Ventures.

Kudos: AI-Powered Smart Wallet Company Raises $10.2 Million

By Amit Chowdhry ● May 28, 2024

Kudos, an AI-powered smart wallet that automatically maximizes consumer rewards and benefits on every purchase, announced it has completed a $10.2 million Series A fundraising round. This oversubscribed round was led by QED Investors. Additional participants included returning investor Patron, and The Points Guy founder Brian Kelly, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund. Kudos plans to use some of the funding to roll out various new services that will augment its quickly evolving smart wallet product.

Atraverse Medical: $12.5 Million Raised To Develop Left-Heart Access Technology

By Amit Chowdhry ● May 28, 2024

San Diego-based medical device company Atraverse Medical announced the FDA clearance of its HOTWIRE radiofrequency (RF) guidewire, a novel device that enables zero exchange left-heart access while also acting as a rail for catheter-based therapy systems. The company also announced the oversubscription of its seed round at $12.5 million.

Truveris: Pharmacy Cost Containment Company Closes $15 Million

By Amit Chowdhry ● May 28, 2024

Truveris, a leader in pharmacy cost containment and program performance, announced it has raised $15 million in Series E investment led by two lead investors: Canaan Partners and New Leaf Venture Partners.

Capchase: SaaS-Based Revenue Acceleration Platform Secures €105 Million

By Amit Chowdhry ● May 28, 2024

Capchase, a revenue acceleration platform for Software-as-a-Service (SaaS) companies, announced it has secured a €105 million credit facility warehouse led by Deutsche Bank. This new funding contributes to the $1+ billion in combined debt and equity financing Capchase has received since its founding in 2020.

Rain AI: $8.1 Million Raised To Build Cost-Efficient Computing Hardware

By Amit Chowdhry ● May 28, 2024

Epic Venture Partners announced it has invested $8.1 million into Rain AI (a Sam Altman-backed startup). This was part of Rain AI's $25 million Series A extension round. Rain AI is an AI chip startup headed by CEO William Passo, with a goal of building cost- and energy-efficient AI hardware.

Latham & Watkins Reveals Key Hires For New York And D.C. Practices

By Amit Chowdhry ● May 27, 2024

Latham & Watkins LLP recently revealed some key hires for its practices in New York and Washington D.C. Douglas Heitner joined the firm’s New York office as a partner in the Real Estate Practice. Jennifer Bragg and William (Bill) McConagha joined the firm’s Healthcare & Life Sciences Practice in the Washington, D.C. office.

NuFund: An Interview With President Serhat Pala

By Amit Chowdhry ● May 27, 2024

NuFund Venture Group is a new wave of angel investors with a new fund model that invests in new technology leaders. Pulse 2.0 interviewed NuFund Venture Group President Serhat Pala to learn more about the firm.

SugarCRM Buys Sales Automation Platform Company sales-i

By Amit Chowdhry ● May 27, 2024

SugarCRM, a provider of the intelligence-driven sales automation platform, announced it has acquired sales-i, a leading provider of a revenue intelligence solution that helps businesses maximize their revenue and profitability. The terms of the deal were undisclosed.

Plume Network: Modular EVM Layer-2 Company Secures $10 Million

By Amit Chowdhry ● May 27, 2024

Plume, a modular EVM Layer-2 built to bring any real-world asset (RWA) on-chain, has raised $10 million in a seed funding round led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and others. And prominent angels include founders and executives of leading projects such as Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng & Jayendra Jog of Sei Network, Adam Lawrence of rwa.xyz, Austin King & Tyler Tarsi of Omni, and more.

xAI Raises $6 Billion At $24 Billion Valuation

By Amit Chowdhry ● May 27, 2024

xAI, a company founded by Elon Musk that builds artificial intelligence to accelerate human scientific discovery, announced it has raised $6 billion at a valuation of $24 billion. The Series B funding included participation from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and, Kingdom Holding, and others.

Steno: $46 Million Raised And ‘Transcript Genius’ Launched

By Amit Chowdhry ● May 27, 2024

Steno, a tech-enabled provider of legal support and court reporting services, announced that it launched a first-of-its-kind generative AI tool for transcript analysis called Transcript Genius. This tool transforms how attorneys interact with transcripts. Along with the unveiling of Transcript Genius, Steno also announced the completion of $46 million in additional capital.

Brixton Biosciences: $33 Million Closed To Develop Novel Therapies For Chronic And Acute Pain

By Amit Chowdhry ● May 27, 2024

Brixton Biosciences, a spin-out from Massachusetts General Brigham and a clinical-stage life sciences company developing novel therapies for chronic and acute pain, announced that it closed a $33 million Series B funding round. Schooner Capital led the round, which also included SV Health Investors, Sparta Group, Excelestar Ventures, PV Capital Management, and Catalyst Health Ventures.

Ndustrial: AI-Based Energy Intensity Platform Company Raises $18.5 Million

By Amit Chowdhry ● May 27, 2024

Ndustrial, an AI-powered energy intensity platform for industry, today the initial closing of $18.5 million in a Series B funding round co-led by ABB and GS Energy, joining existing partners such as Clean Energy Ventures and ENGIE New Ventures.

Lumo: Connected Irrigation Company Secures $7 Million

By Amit Chowdhry ● May 27, 2024

Lumo, a connected irrigation company helping growers save time, money, and water with patented smart-valve technology, announced it has raised a $7 million funding round from Active Impact Investments and Fall Line Capital.