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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.

Nothing: Consumer Technology Company Raises $96 Million

By Noah Long ● Jun 28, 2023

Nothing - a London-based consumer technology brand - announced a $96 million funding round led by Highland Europe with participation from existing investors GV (Google Ventures), EQT Ventures, and C Capital along with house music supergroup Swedish House Mafia.

Parabola: Collaborative Data Tool Company Secures $24 Million In Series B

By Amit Chowdhry ● Jun 28, 2023

Parabola - a collaborative data tool enabling non-technical teams to automate solutions for manual, spreadsheet-based processes - announced a $24 million Series B funding round led by OpenView with participation from existing investors Matrix Partners and Thrive Capital. And additional new investors include Flexport, Webflow, and the founders of Harry's, Warby Parker, and Allbirds.

DoorDash Launches New Features For Consumers And Dashers

By Amit Chowdhry ● Jun 28, 2023

DoorDash has announced new features for consumers, merchants, and Dashers at the inaugural Dash Forward 2023 product showcase.

Mosaic: Strategic Finance Platform Company Closes $26 Million

By Noah Long ● Jun 28, 2023

Mosaic - a Strategic Finance Platform for real-time data analysis and collaborative financial planning - recently announced a $26 million Series C funding round led by OMERS Ventures, with participation from existing investors, Founders Fund, General Catalyst, and Friends and Family Capital.

Heard: $15 Million Secured To Serve As Financial Back Office For Therapists

By Amit Chowdhry ● Jun 28, 2023

Heard is a company that is known as being an all-in-one financial solution for therapists that combines software and human support to handle bookkeeping, taxes, payroll, etc. The company recently announced that it raised $15 million in funding from investors led by Headline with participation from GGV.

Slang.ai: AI-Powered Phone Answering Company Picks Up $20 Million In Funding

By Amit Chowdhry ● Jun 28, 2023

Slang.ai - an AI-powered phone answering product that emerged from stealth - announced it has raised $20 million in funding. This funding includes a recent Series A round led by Homebrew with participation from Stage 2 Capital, Wing VC, Underscore VC, Active Capital, and Collide Capital. And prominent industry angel investors, including celebrity chef Tom Colicchio and Scott Belsky, Founder of Behance, also participated in the round. Existing investors include executives from leading technology businesses like Snap, Zoom, and others.

Avala Launches Platform For Ethical AI Deployment

By Amit Chowdhry ● Jun 28, 2023

Avala AI - a San Francisco-based AI company pioneering a radically different approach to ethical AI deployment - announced its official launch. And the company is revolutionizing how people can contribute to, develop, and benefit from AI with a collaborative marketplace of datasets, labelers, and models in an ecosystem of products and services that directly address the challenges of AI alignment. Avala delivers market-relevant upskilling and reliable income that can be learned and earned anywhere, anytime.

Pyrra Technologies: Seed Funding Pulled In To Fight Threats On Social Media

By Annie Baker ● Jun 28, 2023

Pyrra Technologies - a company whose cutting-edge AI identifies threats across alternative social media - announced the completion of their series seed raise totaling $2.3 million. And the funding received will be deployed to accelerate the Company’s technical roadmap and market expansion plans. The investment round was led by Ducera Investments with participation from Andav Capital and Growth Science Ventures.

Nori: Carbon Removal Marketplace Company Secures $6.25 Million

By Dan Anderson ● Jun 28, 2023

Nori - a leading carbon removal marketplace - recently announced that Matt Trudeau, a digital markets and exchange veteran, is joining the company as CEO and joining the board of directors, effective immediately. And Nori also announced that the company raised an additional $6.25 million led by current investors M13, Toyota Ventures, Placeholder, and Cargill, bringing total funding to $17.25 million. Paul Gambill, Nori's co-founding CEO during the past 5 years, will remain on the board and take a new position within the company as Chief Product Officer.

Kyber Knight Capital: $120 Million Inaugural Fund Launches

By Amit Chowdhry ● Jun 28, 2023

Kyber Knight Capital - a pioneering new venture capital firm focused on pre-seed and seed investments in early-stage technology start-ups - launched recently with a $120 million inaugural fund.

LlamaIndex: $8.5 Million Closed For Building A Data Framework For LLMs

By Annie Baker ● Jun 28, 2023

LlamaIndex - a data framework for Large Language Models (LLMs) - announced it raised $8.5M in seed funding led by Greylock. Angel investors in the round include Jack Altman, Lenny Rachitsky, Mathilde Collin (CEO of Front), Raquel Urtasun (CEO of Waabi), Joey Gonzalez (Berkeley) among others. The company will use the funds to build an enterprise offering on top of the popular open-source project with the same name.

Connectifi: Application Interoperability Company Raises $3.4 Million In Seed Funding

By Noah Long ● Jun 28, 2023

Connectifi - an application interoperability company - announced it has closed Seed funding to bring the open-source FDC3 standard to the cloud. The funding round was led by Blumberg Capital with co-investment from Engineering Capital. And the funding round represents the growing demand for interoperability that goes beyond the desktop and interest by venture capital firms in what was once niche capital markets tech.

Togai: B2B SaaS Metering And Pricing Platform Company Closes $3.1 Million

By Annie Baker ● Jun 28, 2023

Togai - a B2B SaaS metering and pricing platform - announced it has raised $3.1 million in a seed round led by Together Fund. This fund round also saw participation from other investors like BoldCap, Core91, and angel investors, including Prasanna Shankar, the Co-founder of Rippling.