Archives

Xage Security: Real-World Zero Trust Cybersecurity Company Secures $20 Million

By Amit Chowdhry ● Nov 4, 2023

Xage Security - a real-world zero-trust cybersecurity company - recently announced it has raised $20 million in an additional funding round, bringing total funding to $80 million. Existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures, and new investor Science Applications International Corporation, participated in the round.

Agentio: $4.25 Million Funding Raised To Advance Ad Platform For Sponsored Creator Content

By Annie Baker ● Nov 4, 2023

Agentio - a first-of-its-kind AI-powered ad platform for sponsored creator content - recently launched with $4.25 million in seed investment funding. The funding round was co-led by Craft Ventures & AlleyCorp, with participation from additional institutional investors, including Antler, Protagonist, and Permanent Capital.

Bee Partners: $50 Million Fund IV Closed To Make DeepTech Investments

By Amit Chowdhry ● Nov 4, 2023

Bee Partners - a leading venture capital firm specializing in DeepTech preSeed investments - recently announced the successful final closing of its fourth fund, exceeding its targeted raise of $50 million. This significant milestone demonstrates the confidence and support received from a diverse group of institutional and individual investors during a challenging time in capital raising.

Aembit: Workload Identity And Access Management Receives Funding From CrowdStrike

By Noah Long ● Nov 4, 2023

Aembit - a Workload Identity and Access Management (IAM) company - recently announced an investment by CrowdStrike via its strategic investment vehicle, the CrowdStrike Falcon Fund. CrowdStrike's investment closes Aembit's previously announced seed funding round from Ballistic Ventures, Ten Eleven Ventures, and Okta Ventures.

AdaptX: Self-Serve Clinical Management Solution Company Closes $10 Million

By Annie Baker ● Nov 3, 2023

AdaptX - a self-serve clinical management solution company - recently announced the completion of $10 million in funding led by Cercano Management and including Memorial Hermann Health System and Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital.

Genezen: Cell And Gene Therapy Contract Development And Manufacturing Organization Closes $18.5 Million

By Annie Baker ● Nov 3, 2023

Genezen - a leading cell and gene therapy Contract Development and Manufacturing Organization (CDMO) - recently announced the closing of an $18.5 million follow-on growth equity investment led by Ampersand Capital Partners. The funding will accelerate Genezen's growth trajectory in retroviral, lentiviral, and adeno-associated viral (AAV) vector manufacturing and support the execution of a robust pipeline of customer projects for innovators developing groundbreaking cell and gene therapies.

Access Vascular: $22 MIllion Raised To Address Vascular Access Complications

By Annie Baker ● Nov 3, 2023

Access Vascular - a company addressing the most common and costly vascular access complications with its advanced biomaterial platform - recently announced that it raised a Series C round worth $22 million from a consortium of new and existing investors.

Excolere Equity Partners Launches With Strategic Investment From GCM Grosvenor

By Amit Chowdhry ● Nov 3, 2023

Excolere Equity Partners - a leading buyout investor in the education and human capital management sectors - recently announced a strategic partnership with GCM Grosvenor’s Elevate strategy.

Revv: $2.1 Million Raised For Diagnosing Advanced Driver Assistance Systems (ADAS)

By Amit Chowdhry ● Nov 3, 2023

Revv - a software-as-a-service startup - recently emerged from stealth mode with the national launch of its automotive repair diagnostics platform underpinned by a large language model (LLM). The company launched with $2.1 million in a seed funding round led by 1984 Ventures with additional funding from Soma Capital, Adapt Ventures, CapitalX, Unpopular Ventures, Pareto Holdings, Misfits Market CEO Abhi Ramesh, and LiveControl co-founder Noah Johnson.

Cribl: Over $100 Million In ARR Achieved

By Amit Chowdhry ● Nov 3, 2023

Cribl - a data engine for IT and Security - recently announced that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years.

Roadra: Digital Car Auction Marketplace Company Secures $5 Million

By Amit Chowdhry ● Nov 3, 2023

Roadra - a digital car auction platform that allows consumers to sell cars directly to dealers - recently announced $5 million in funding to scale its platform further.

Algenesis: Plant-Based Material Science Company Raises New Funding Round

By Noah Long ● Nov 2, 2023

Algenesis Corporation - a leading plant-based material science company - recently announced it has raised $5 million in a funding round led by First Bight Ventures, with Circulate Capital and others. And a pioneer in developing bio-based plastics that are competitive with petroleum-based in both cost and functionality, Algenesis' patented Soleic technology is the world's first renewable, high-performance, fully biodegradable and backyard compostable bioPolyurethane (bioPU) made from plants and algae.

Triveni Bio: $92 Million Raised To Develop Functional Antibodies For The Treatment Of I&I Disorders

By Amit Chowdhry ● Nov 2, 2023

Triveni Bio - a biotech company pioneering a genetics-informed precision medicine approach to develop functional antibodies for the treatment of I&I disorders - recently announced a $92 million series A financing co-led by Atlas Venture and Cormorant Asset Management, with participation from OrbiMed, the private equity business of Viking Global Investors, Invus, Polaris Partners, Alexandria Venture Investments, and other investors.

Web3 Pro: Marketing Tech Company Raises New Funding Round

By Annie Baker ● Nov 2, 2023

With privacy concerns and weakening marketing performance eroding traditional online advertising, Web3 Pro - a leading MarTech SaaS company built around targeted opt-in marketing - recently announced that it closed a substantial round of fresh funding from P101, one of the largest European venture investors. This brings the total raised to almost $10 million with a post-money valuation of $57 million.

SailPoint’s Osirium Acquisition Closed: Details

By Noah Long ● Nov 2, 2023

The UK subsidiary of SailPoint Technologies - a leader in enterprise identity security, recently completed its acquisition of Osirium, a UK-based security company dedicated to solving complex access needs. This deal will feed into the company’s vision to unify visibility, oversight, and protection across all types of access, both regular and highly sensitive, into one solution.

Performant Capital: Acquisition Of SquadUP Completed

By Dan Anderson ● Nov 2, 2023

Performant Capital - a Chicago-based private equity firm focused on investments in SaaS, software, and tech-enabled services companies - recently announced that it has acquired SquadUP, a leading ticketing, event management, and audience engagement platform for clients across a variety of verticals, including food & wine festivals, film festivals, and branded publications events.

Seurat Technologies: 3D Metal Printing Leader Raises $99 Million

By Annie Baker ● Nov 2, 2023

Seurat Technologies - a 3D metal printing leader making manufacturing better for people and the planet - recently announced a $99 million Series C round led by NVentures (NVIDIA's venture capital arm) and Capricorn's Technology Impact Fund focused on climate solutions.

Triplebar: $20 Million In Funding Raised To Improve Nutrition And Disease Treatment Outcomes

By Dan Anderson ● Nov 2, 2023

Triplebar has recently announced $20 million in new funding to expand its product portfolio in food and biopharmaceuticals. Synthesis Capital led the funding round, with participation from Essential Capital, Stray Dog Capital, iSelect Fund, and existing major investor The Production Board.

Why WEX Is Buying Payzer

By Annie Baker ● Nov 2, 2023

WEX - a global commerce platform that simplifies the business of running a business - recently announced the signing of a definitive agreement to acquire Payzer, which is a high-growth and cloud-based field service management software provider.

Planatome: Medical Device Company Closes $6 Million Investment

By Noah Long ● Nov 2, 2023

Planatome - a medical device company that applies atomic-level polishing from the semiconductor industry to create advanced surgical blades that lead to better patient outcomes - recently announced the closing of its $5 million Series A equity investment round. The company also announced that it secured an additional $1 million convertible venture debt commitment.

Traba: $22 Million Raised For Light Industrial Staffing Marketplace Platform

By Annie Baker ● Nov 2, 2023

Traba - a leading marketplace platform for light industrial staffing - recently announced a $22 million funding round led by Founders Fund, with a sizable increase in valuation from last year. The funding round - which includes participation from returning investor Khosla Ventures - comes at a time of robust growth and customer adoption for the company.

Sofinnova Partners: $200 Million Digital Medicine Fund Closed

By Amit Chowdhry ● Nov 2, 2023

Sofinnova Partners - a leading European life sciences venture capital firm based in Paris, London, and Milan - recently announced the successful closing of Sofinnova Digital Medicine I at $200 million (€190M), significantly exceeding its target. The fund - which Partners Edward Kliphuis and Simon Turner spearheaded - is focused on backing pioneering entrepreneurs navigating the convergence of biology, data, and computation. It has already invested in five revolutionary companies since its inception.

Faction Receives Funding In Round Led By TDK Ventures

By Dan Anderson ● Nov 2, 2023

TDK announced that subsidiary TDK Ventures is leading the latest financing round in driverless-technology developer Faction. Joining them as co-investors are Ducera Partners, Trucks Venture Capital, and Fifty Years.

sbe: Lifestyle Hospitality Company Closes $25 Million Facility

By Noah Long ● Nov 2, 2023

sbe - a leading lifestyle hospitality company that develops, manages, and operates world-class restaurants, lounges, and nightclubs - recently announced that it has partnered with Feenix Venture Partners on a $25 million credit facility to expand its footprint of iconic restaurants and lounges. sbe was advised by leading independent middle market investment bank and M&A advisory firm Meridian Capital.

Why UPS Is Buying Happy Returns

By Amit Chowdhry ● Nov 2, 2023

UPS recently announced that it has agreed to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company which enables frictionless, no-box, no-label returns for merchants and consumers.

TeselaGen Biotechnology: Radically Accelerating Therapeutics Product Development In Over A $600 Billion Market

By Amit Chowdhry ● Nov 2, 2023

TeselaGen is a company that has developed an AI-powered platform that radically accelerates product development of therapeutics, high-value chemicals, and agricultural products. Pulse 2.0 interviewed TeselaGen Biotechnology CEO and founder Eduardo Abeliuk to learn more.

AgentSync: Modern Insurance Infrastructure Company Raises $50 Million

By Amit Chowdhry ● Nov 1, 2023

AgentSync - a leader in modern insurance infrastructure - recently announced an additional $50 million fundraising, bringing the company's total funding to $161 million. This funding round was co-led by existing investors Craft Ventures and Valor Ventures.

Why Nayax Is Buying Retail Pro International For $36.5 Million

By Dan Anderson ● Nov 1, 2023

Nayax - a global commerce enablement payments and loyalty platform designed to help merchants scale their business - recently announced that it will acquire 100% of Retail Pro International, a global leader in retail Point of Sale (POS) software with Tier 1 global brand names worldwide. After the deal is closed, the deal will meaningfully expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with approximately 150,000 POS lanes in more than 100 countries, including access to an extensive, worldwide partner ecosystem of more than 80 distributors.

Oxide: Commercial Cloud Computer Company Secures $44 Million

By Dan Anderson ● Nov 1, 2023

Oxide Computer Company recently unveiled the world’s first commercial Cloud Computer, a true rack-scale system with fully unified hardware and software designed for on-premises cloud computing. And the company also announced a $44 million Series A financing round led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures to accelerate production for Fortune 1000 enterprises. This brings the company’s total funding to $78 million.

Arteria AI: $30 Million Raised To Build Modern Documentation Infrastructure For Institutional Finance

By Amit Chowdhry ● Nov 1, 2023

Arteria AI - a market-leading applied AI company building modern documentation infrastructure for institutional finance - recently announced its oversubscribed $30 million Series B financing round led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi. The round brings the company’s total funding to $50 million.