Archives

Why Merck Is Buying Prometheus Biosciences For About $10.8 Billion

By Amit Chowdhry ● Apr 19, 2023

Merck (known as MSD outside the United States and Canada) and Prometheus Biosciences recently announced that the companies have entered into a definitive agreement under which Merck, through a subsidiary, has agreed to buy Prometheus for $200 per share in cash for a total equity value of approximately $10.8 billion.

Collaborative Music Workplace Company Myxt Raises $2 Million

By Amit Chowdhry ● Apr 19, 2023

Myxt has announced the launch of its audio file management platform for creators to stream, collaborate, and discover new insights on their library. And Myxt also announced its seed funding of $2 million led by Accel and Quiet Capital to support the development of the company's centralized audio workplace and help expand its growing community of creators.

truData To Invest $5 Million In Costa Rica Nearshore Operations

By Noah Long ● Apr 19, 2023

truData Solutions - a cloud engineering firm focused on delivery excellence enabled through a multishore engagement model - announced it will invest $5 million in its nearshore capability in San Jose, Costa Rica this year.

Prairie View A&M University’s National Center For Infrastructure Transformation Receives $2.5 Million Commitment

By Amit Chowdhry ● Apr 19, 2023

The Texas A&M University System is going to supercharge the development of Prairie View A&M University’s new National Center for Infrastructure Transformation with a $500,000 boost for the next 5 years.

Neuvotion Closes $1.25 Million To Develop Neurostimulation Products

By Noah Long ● Apr 19, 2023

Neuvotion - an early-stage medical device company developing neurostimulation products for the rehabilitation, brain-computer interface, and physical therapy markets - announced that it has received an additional $1.25 million in funding.

Neuromod Devices Raises €30 Million To Commercialize Its Tinnitus Treatment Device Lenire

By Annie Baker ● Apr 19, 2023

Neuromod Devices - an Irish medical device company specializing in neuromodulation - announced it has successfully closed a €30 million financing to further commercialize its tinnitus treatment device Lenire.

Built Technologies Receives Investment From Citi

By Noah Long ● Apr 19, 2023

Built Technologies - one of the fastest-growing construction and real estate software providers in the U.S. - announced it has received a strategic investment from Citi through its SPRINT program.

BioVentrix Raises $48.5 Million For Developing Less Invasive Therapies On Treating Failing Left Ventricles

By Annie Baker ● Apr 19, 2023

BioVentrix - a privately held medical device company developing minimally invasive therapies to directly treat the dilated left ventricle and reverse the left ventricular remodeling process in patients with congestive heart failure - announced the completion of $48.5 million Series A round financing.

Forest Project Platform Company Xilva Raises $1.8 Million

By Noah Long ● Apr 19, 2023

Xilva - a global platform for investments in regenerative forests - announced it has raised $1.8 million in a pre-seed round from Brainforest, Bloomsbury Natural Capital, Insurtech.vc, and a group of international angel investors.

MetaVC Partners Closes $62 Million Fund To Invest In Metamaterials Startups

By Dan Anderson ● Apr 19, 2023

MetaVC Partners recently announced the close of MetaVC Partners, which is a $62 million fund that will invest in early-stage and hard-tech metamaterials startup companies.

Companion Raises $6 Million To Build AI-Powered Interactive Devices For Dogs

By Annie Baker ● Apr 18, 2023

Companion - a company that builds AI-powered interactive devices for dogs - announced that it has raised $6 million in additional funding from Lerer Hippeau and Digitalis Ventures alongside opening its product to the public for reservation. And the new funding injection brings Companion's total funding to over $14 million.

Data-As-A-Service Company Cybersyn Closes $62.9 Million In Series A Led By Snowflake

By Amit Chowdhry ● Apr 18, 2023

Cybersyn - a data-as-a-service company - announced it has raised $62.9 million in Series A funding and emerged from stealth to launch its data-as-a-service (DaaS) offering.

Teamworks Secures $65 Million And Buys ARMS Software

By Noah Long ● Apr 18, 2023

Teamworks announced a $65 million Series E funding round led by Dragoneer Investment Group and the acquisition of ARMS Software.

Claudin-1 (CLDN1) Company Alentis Therapeutics Raises $105 Million

By Dan Anderson ● Apr 18, 2023

Alentis Therapeutics - the Claudin-1 (CLDN1) company - is a clinical-stage biotech developing breakthrough treatments for organ fibrosis and CLDN1 positive tumors. And the company recently announced $105 million in Series C financing.

Acuity Brands To Buy KE2 Therm

By Dan Anderson ● Apr 18, 2023

Acuity Brands recently announced a definitive agreement to buy KE2 Therm Solutions. These are the details.

Predictive Maintenance Software Company Pitstop Raises $3.8 Million

By Annie Baker ● Apr 18, 2023

Pitstop - a fleet maintenance software company that provides powerful AI-driven predictive analytics and insights in an affordable, easy-to-use solution - has announced that it raised $3.8 million in funding.

Why Arch Insurance Acquired Thimble

By Annie Baker ● Apr 18, 2023

Arch Insurance announced it has acquired Thimble, which is a leading insurtech platform for small business customers and agents.

Memrise: Redefining The $115 Billion Global Language Learning Market

By Amit Chowdhry ● Apr 18, 2023

Memrise is a London-based language company that helps people learn a language like they would if they were in-country, through their fully-rounded ‘Learn, Immerse, Communicate’ method. To learn more about the company, Pulse 2.0 interviewed Memrise CEO Steve Toy.

External Threat Landscape Management Company CYFIRMA Closes $18 Million

By Noah Long ● Apr 18, 2023

CYFIRMA announced it has raised a Pre-Series B round of funding from OurCrowd and Larsen & Toubro's L&T Innovation Fund.

Customer-Centric AI Company Distyl AI Raises $7 Million

By Dan Anderson ● Apr 18, 2023

Distyl AI announced a Services Alliance with OpenAI and has closed $7 million in seed funding. This funding round was led by Coatue and Dell Technologies Capital.

How Show Up Show Out Security Plans To Help Connect Cybersecurity Talent With Quality Jobs

By Amit Chowdhry ● Apr 18, 2023

Did you know that there are currently over 3.5 million cybersecurity positions available around the world and more than 500,000 of those jobs are in the US? This is an opportunity that MMA fighter and cybersecurity expert Sedric Louissaint is addressing with the launch of Show Up Show Out Security (SUSOS) - which is launching on April 24.

Market Intelligence Company AlphaSense Raises $100 Million In Round Led By CapitalG

By Amit Chowdhry ● Apr 18, 2023

AlphaSense - a leading market intelligence and search platform - announced a $100 million addition to its $225 million Series D financing round.

Apple Offers 4.15% High-Yield Savings For Apple Card Users

By Amit Chowdhry ● Apr 18, 2023

Apple has announced that it is now offering Apple Card holders a 4.15% high-yield savings account through Goldman Sachs.

Nestment: How This Company Is Making It Easier For People To Buy Property Together

By Amit Chowdhry ● Apr 17, 2023

Nestment is a company that streamlines the co-buying process for groups of friends and family who want to purchase property together. The company helps groups leverage their collective buying power to do so. To learn more about the company, Pulse 2.0 interviewed Nestment CEO and co-founder Niles Lichtenstein.

Financial Services And Brokerage API Company Tradier Raises $24.6 Million

By Dan Anderson ● Apr 17, 2023

Tradier - a leading global retail brokerage firm serving active traders through API-powered platforms and partnerships - announced the closing of a $24.6 million Series B funding round.

Biomanufacturing Company Wheeler Bio Closes $31 Million In Series A Funding

By Noah Long ● Apr 17, 2023

Wheeler Bio - a boutique contract development and manufacturing organization (CDMO) specializing in process development and small-batch CGMP production of therapeutic antibodies - announced the closing of its Series A financing round at $31 million.

Kintra Fibers Raises $8 Million To Develop Biodegradable Polyester

By Annie Baker ● Apr 17, 2023

Kintra Fibers - a materials science company that developed a proprietary bio-based and biodegradable polyester - announced it has successfully raised $8 million in Series A funding in a round led by H&M Group.

Analytics Distribution Company Rupert Raises $8 Million

By Dan Anderson ● Apr 17, 2023

Rupert - a leading analytics distribution platform - announced that it raised $8 million in seed funding. Cortical Ventures and IA Ventures led the funding round with participation by Citi Ventures and Joule Ventures, and data leaders including CEO of AtScale, Christopher Lynch, founders of Stitch Jake Stein and Bob Moore, and other executives from leading data organizations like Snowflake, Looker, Weights & Biases, Snowplow, Alation, and SAP.

ComEd: $963 Million Invested In Diversity-Certified Suppliers In 2022

By Annie Baker ● Apr 17, 2023

ComEd - as part of a longstanding effort to advance equity in the communities it serves - announced it spent $963 million, or 43% of its total supply chain spend, with businesses owned by women, people of color, and veterans in 2022.

MassMutual Announces $100 Million Fund To Invest In Diverse And Overlooked Companies

By Amit Chowdhry ● Apr 17, 2023

Massachusetts Mutual Life Insurance Company (MassMutual) announced that it launched a second MM Catalyst Fund (MMCF) of $100 million to continue investing in Black-led startups and overlooked businesses across Massachusetts, building on the first $50 million fund the company launched just over 2 years ago.