Archives

Venn Software: Secure BYO-PC Technology Company Closes $29 Million In Funding

By Annie Baker ● Jul 1, 2023

Venn Software - the innovators of the first purpose-built technology for Secure BYO-PC - recently announced that the company has been awarded a key patent for securing remote work on any computer. And the company also revealed $29 Million in Series A Funding, led by NewSpring to support its product development, growth, and customer demand.

Passage: C$40 Million Closed To Match International Talents With Canada’s Workforce

By Annie Baker ● Jul 1, 2023

Passage - a new company that seeks to match talented immigrants to life-changing educational and career opportunities led by Canadian tech entrepreneur Martin Basiri - announced it has secured C$40 million (US$30M) in a seed funding round led by Drive Capital.

Inflection AI: $1.3 Billion Raised To Create More Personal Artificial Intelligence

By Amit Chowdhry ● Jul 1, 2023

Inflection AI recently announced that the company has raised $1.3 billion in a new round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. And the new funding round brings the total raised by the company to $1.525 billion.

Runway: Applied AI Research Company Closes $141 Million In Funding

By Annie Baker ● Jul 1, 2023

Runway - an applied AI research company building the next generation of creative tools - recently announced it has raised a $141 million extension to its Series C from Google, NVIDIA, Salesforce Ventures, and existing investors among others.

Typeface: Generative AI Platform For Enterprise Content Creation Closes $100 Million

By Noah Long ● Jul 1, 2023

Typeface - a generative AI platform for enterprise content creation - recently announced a $100 million new investment, marking the close of its Series B round, to drive continued growth and innovation.

Celestial AI: Photonic Fabric Technology Platform Secures $100 Million

By Dan Anderson ● Jul 1, 2023

Celestial AI recently announced it has raised $100 million in Series B funding led by IAG Capital Partners, Koch Disruptive Technologies, and Temasek’s Xora Innovation fund. Other major investors in the funding round include Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, The Engine Fund, imec.xpand, M Ventures, and Tyche Partners. Celestial AI’s Photonic Fabric technology platform delivers optical connectivity performance levels that are ten years more advanced than existing technology offerings.

Cart.com: Commerce Solutions Company Raises $60 Million At $1.2 Billion Valuation

By Annie Baker ● Jul 1, 2023

Cart.com - a leading provider of comprehensive commerce solutions that enable merchants to sell and fulfill everywhere - recently announced it has raised a $60 million Series C equity funding round at a valuation of $1.2 billion.

Rypplzz: $3 Million Raised To Accelerate Growth Of Its Geo-Location Platform

By Amit Chowdhry ● Jul 1, 2023

Rypplzz - the creators of Interlife, a multi-patented geo-location platform - recently announced $3 million in pre-seed funding from a group of investors including Deal Box Ventures, Fulcrum Investing, and Innovative Venture Partners to accelerate the adoption of its breakthrough geospatial mapping technology that connects the digital-physical world with greater precision.

Alfie Health: Virtual Obesity Management Clinic Company Secures $2.1 Million

By Amit Chowdhry ● Jun 30, 2023

Alfie Health - which is now a new virtual clinic for patients with obesity - is announcing $2.1 million in funding led by Y Combinator and Nina Capital along with Goodwater Capital, Phoenix Investment Club and various angels including the founder of unicorn Opentrons.

RevRoad: Venture Services Company Raises Over $15 Million In Funding

By Amit Chowdhry ● Jun 30, 2023

RevRoad - a venture services firm based in Utah - recently announced over $15 million in funding from private investors. The company has already serviced 73 portfolio companies and helped raise their valuations to a combined enterprise value of more than $1.5 billion.

Chiefy: This Company Helps Medical Staff Integrate Quality Best Practices

By Amit Chowdhry ● Jun 30, 2023

Chiefy is a company that helps surgeons, anesthesiologists, nurses, and other surgical stakeholders seamlessly integrate quality best practices such as pre-op huddles, checklists, surgical protocols, debriefing, and feedback loops. Pulse 2.0 interviewed Chiefy co-founder and CEO Maya Ber-Lerner to learn more.

Inspirit: Innovative Learning Hub Launched To Offer Students With Affordable XR STEM

By Amit Chowdhry ● Jun 30, 2023

Inspirit - an Atlanta-based, research-backed EdTech startup, announced the official launch of its Innovative Learning Hub. The digital platform is offering educators affordable annual access to a premium library of virtual reality and augmented reality (XR) experiences designed for middle and high school students. Plus Inspirit's Innovative Learning Hub is the only one-stop-shop for immersive XR STEM content, enabling students to explore subjects like mathematics, physics, chemistry, biology, and trade-related careers training in a cross-platform environment.

Utilidata: This Company Is Bringing Distributed AI To The Edge Of The Electric Grid

By Amit Chowdhry ● Jun 30, 2023

Utilidata - which was founded in 2012 - is a technology company that is bringing distributed artificial intelligence (AI) to the edge of the electric grid to accelerate decarbonization and better serve utility customers. Pulse 2.0 interviewed Utilidata CEO Josh Brumberger to learn more about the company.

Redpanda: Streaming Data Platform Company To Accelerate Growth With $100 Million In Funding

By Dan Anderson ● Jun 30, 2023

Redpanda recently announced that it raised $100 million in Series C funding led by returning investors Lightspeed Venture Partners, along with GV and Haystack VC. With $165 million in funding secured to date, Redpanda will utilize this latest capital infusion to enable data-intensive applications with new foundational capabilities that are beyond the scope of legacy streaming data platforms.

NoTraffic: Leading Mobility Company Secures $50 Million In Series B Funding

By Amit Chowdhry ● Jun 30, 2023

NoTraffic - a leading mobility platform - recently announced the successful completion of a $50 million Series B funding led by M&G Investments with participation from VNV Global and UMC Capital as well as existing investors Grove Ventures, Vektor Partners, Next Gear Ventures, North First Ventures, Meitav Investment House, Alchimia Investments, and TMG.

Invary: Operating System Runtime Validation And Security Company Secures $1.85 Million

By Amit Chowdhry ● Jun 30, 2023

Invary - a cybersecurity pioneer focused on detecting hidden malware and preventing costly ransomware attacks - recently announced it has raised pre-seed funding to launch its innovative solution. This investment was led by Flyover Capital with additional participation from NetWork Kansas GROWKS Equity program, and the KU Innovation Park.

Pendulum Therapeutics: $10 Million In Funding Raised To Improve Metabolic Health With Microbiome-Targeted Products

By Amit Chowdhry ● Jun 30, 2023

Pendulum Therapeutics - a biotech company pioneering the next frontier of metabolic health through its microbiome-targeted products - recently announced a strategic partnership with New Zealand dairy nutrition company Fonterra. And Fonterra will invest $10 million into the growth-stage company to co-develop and commercialize next-generation microbiome products.

Shoni Health Ventures To Invest In Digital Health Startups

By Amit Chowdhry ● Jun 30, 2023

Shoni Health Ventures - a healthtech fund affiliated with ARC Innovation at Sheba Medical Center (one of the world’s top hospitals) - will invest in startups specializing in digital health and medical devices. This fund will invest in early-stage (pre-seed and seed stage) startups and will utilize its unique resources to support entrepreneurs in various aspects of their company's growth.

Kinnos: This Company Helps Prevent The Spread Of Surface-Borne Pathogens In A $30+ Billion Market

By Amit Chowdhry ● Jun 30, 2023

Kinnos is a company that was founded during the Ebola outbreak in West Africa and is pioneering ways to more optimally employ proven disinfectants for a safer healing environment amidst a rising tide of infections around the world. Pulse 2.0 interviewed Kinnos co-founder and chief innovation officer Jason Kang to learn more about the company.

Augmedics: AR-Based Surgical Navigation Company Raises $82.5 Million

By Dan Anderson ● Jun 30, 2023

Augmedics - a pioneer in augmented reality (AR) surgical navigation - recently announced the successful closing of an $82.5 million Series D financing. This funding round was led by CPMG and adds Evidity Health Capital as a syndicate partner with participation from current investors H.I.G. Capital, Revival Healthcare Capital, Almeda Ventures, and others. The funding round comes the same week the company marks its record 4,000th US patient treated with the xvision Spine System which uses augmented reality to give surgeons “x-ray vision” during surgery.

Loora: Generative AI English Language Learning Company Closes $9.25 Million

By Amit Chowdhry ● Jun 30, 2023

Loora - the generative AI English language learning company - recently announced it emerged from stealth with $9.25 million in seed funding from lead investor Emerge with participation from Two Lanterns Venture Partners and Kaedan Capital to further its mission of making English fluency attainable and accessible for the 1+ billion English learners around the world. And several angel investors also contributed to the round, including Zohar Gilon and Amit Gilon, as well as several founders from prominent technology companies Lightricks and ironSource.

MatrixSpace: AI Collaborative Sensing Solutions Company Raises $10 Million

By Noah Long ● Jun 29, 2023

MatrixSpace - a leader in AI collaborative sensing solutions - recently announced $10 million raised in Series A funding. And this funding round brings the company's total funding to $20 million since its first year of operation in 2020 and will enable it to accelerate technology advancements, customer adoption, and revenue growth. This funding round was led by the Raptor Group. And Intel Capital also participated as well as a prominent set of technology executives.

Why Thomson Reuters Is Buying Casetext For $650 Million

By Annie Baker ● Jun 29, 2023

Thomson Reuters - a global content and technology company - recently announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters’ existing AI roadmap and builds on its recent initiatives, including a commitment to invest over $100 million annually in AI capabilities, the development of new generative AI experiences across its product suite, and a new plugin with Microsoft and Microsoft 365 Copilot for legal professionals.

Why Socure Is Buying Berbix For About $70 Million

By Dan Anderson ● Jun 29, 2023

Socure - a leading provider of digital identity verification solutions - announced recently that it has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine able to detect spoofed IDs – including AI-generated fakes – which are visually indistinguishable to the human eye. The approximately $70 million cash and stock transaction marks Socure's first acquisition.

Cyera: Data Security Company Raises $100 Million In Series B

By Amit Chowdhry ● Jun 29, 2023

Cyera, the data security company recently announced a $100 million Series B investment led by Accel with participation from existing investors Sequoia and Cyberstarts. And Redpoint Ventures also joined as an investor. This funding brings the company's total to $160 million since emerging from stealth in March of 2022. In the last year, Cyera has gained significant traction among S&P 500 companies, growing revenue by 800%, as security teams prioritize data security across their hybrid cloud environments.

Anzu: Intrinsic In-Game Ad Solution Closes $48 Million In Funding

By Noah Long ● Jun 29, 2023

Anzu - an advanced intrinsic in-game advertising solution company - announced a $48 million Series B funding round, which significantly increased its valuation and adding several new high-profile investors. This new funding round will also include converting the SAFE notes and investors exiting with a 10x valuation increase.

Betr: Social Media And Betting Company Raises $35 Million At $300 Million Valuation

By Amit Chowdhry ● Jun 29, 2023

Social media and betting company Betr announced recently that it raised $35 million in venture capital from a group led by Roger Ehrenberg of IA Sports Ventures and Eberg Capital. This new funding round values the company at $300 million.

Faros AI: AI-Native Engineering Intelligence Platform Company Closes $20 Million

By Annie Baker ● Jun 29, 2023

Faros AI - an AI-native engineering intelligence platform built for the complete software development lifecycle - announced that David Hornik of Lobby Capital has led a $20 million Series A funding round with participation from other existing investors including SignalFire, Operator Collective, and Salesforce Ventures.

Visa Buying Pismo For $1 Billion In Cash: Details

By Amit Chowdhry ● Jun 29, 2023

Visa recently announced it has signed a definitive agreement to acquire Pismo for $1 billion in cash. Pismo is a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific, and Europe.

Tetrate: This Company Offers Service Mesh Based On Open Source For Every Size Of User

By Amit Chowdhry ● Jun 28, 2023

Tetrate is a company that solves application networking and security, enabling rapid innovation in modern, cloud-native architectures. Pulse 2.0 interviewed Founding Engineer Zack Butcher to learn more about the company.