Archives

Texas Capital Provides $100 Million Revolving Credit Facility To Unlock Technologies And Saluda Grade

By Dan Anderson ● Sep 19, 2023

Unlock Technologies (a leading home equity investment technology company) and Saluda Grade (a private alternative real estate investment firm) have secured a $100 million revolving credit facility led by Texas Capital Bank. This revolving credit facility will provide Saluda Grade with additional capital to purchase home equity agreement (HEA) contracts to serve the growing needs of its HEA investments.

EquipmentShare: Construction Technology And Equipment Solutions Provider Pulls In $150 Million Funding Round

By Noah Long ● Sep 19, 2023

EquipmentShare - an equipment and digital solutions provider serving the construction industry - recently announced that it has completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners.

Summus: Virtual Specialty Care Company Raises $19.5 Million

By Annie Baker ● Sep 19, 2023

Summus - a leading virtual health company focused in specialty care - recently announced that it raised $19.5 million to support the company’s continued growth and work to solve the access problem to high quality physicians. Following a previous funding round in 2022, Summus has now raised $70 million to expand its innovative approach to care.

Neon: This Company Separated Storage And Computing For Making On-Demand Scalability Easier

By Amit Chowdhry ● Sep 19, 2023

Neon is a company that is building open-source cloud-native PostgreSQL. Our architecture separates storage from computing, allowing for stateless and Serverless Postgres. Pulse 2.0 interviewed Neon CEO Nikita Shamgunov to learn more.

Vaxess: $9 Million Raised To Create Shelf-Stable Vaccine Patches

By Dan Anderson ● Sep 18, 2023

Vaxess Technologies - a life sciences company developing a shelf-stable vaccine patch with potential for self-application - recently announced an additional $9 million in venture capital funding, with investors including RA Capital, The Engine, GHIC, and Ulu Ventures. This funding round brings Vaxess’ total equity and non-dilutive funding to more than $80 million.

Why GXO Is Buying PFSweb For $181 Million

By Amit Chowdhry ● Sep 18, 2023

GXO Logistics (the world’s largest pure-play contract logistics provider) and PFSweb (a tech-enabled e-commerce order fulfillment platform based in the US) recently announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

Science On Call: $2.6 Million Closed To Develop AI-Powered Help Desk For Restaurants

By Amit Chowdhry ● Sep 18, 2023

Science On Call - an AI-powered help desk for restaurants - recently announced the successful completion of a $2.6 million seed financing round led by York IE, with participation from Bread & Butter Ventures, Relish Works Capital Investments, Groove Capital, Connetic Ventures, Redstick VC, and Phoenix Club. And this investment marks a significant milestone for the company as it continues to pave the way in transforming how restaurants manage their tech challenges.

AuthMind: Identity SecOps Company Closes Over $8.5 Million In Total Funding

By Annie Baker ● Sep 18, 2023

AuthMind - a leading innovator in Identity SecOps - recently announced it received seed investments led by Ballistic Ventures with strategic participation by IBM Ventures. And AuthMind has over $8.5 million to help organizations uniquely protect against ever-growing identity-driven attacks targeting both managed and unmanaged identities across multi-cloud and on-prem environments.

Vieu: $2 Million Secured To Offer AI-Generated Execution Sales Plans

By Noah Long ● Sep 18, 2023

Vieu – a generative AI company that helps companies succeed at strategic customer wins beyond early unpaid pilots – recently announced that it has raised $2 million in funding. The funding round saw participation from more than 20 marquee angel investors, founders/CEOs, and seasoned GTM executives.

KKR Buying 20% Stake In Singtel’s Regional Data Center Business For About $800 Million

By Amit Chowdhry ● Sep 18, 2023

Singtel (Asia's leading communications technology group) and global investment firm KKR reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business. This investment puts the enterprise value of Singtel’s overall regional data center business at S$5.5 billion. Plus, KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation.

Writer: Full-Stack Enterprise Generative AI Platform Raises $100 Million

By Amit Chowdhry ● Sep 18, 2023

Writer - a leading full-stack generative AI platform for enterprises - recently announced its Series B funding round of $100 million today. This funding round is being led by ICONIQ Growth with participation from WndrCo, Balderton Capital, and Insight Partners (who led the Series A) and Aspect Ventures (who led the Seed).

Sonera: $20 Million Secured To Make Neural Data Access To The Masses

By Annie Baker ● Sep 18, 2023

Sonera – a company making neural data accessible to the masses through its breakthrough sensing technology – recently exited stealth and announced $11 million in seed funding led by Amplify Partners with participation from Abstract Ventures and existing investors.

Arialys Therapeutics: $58 Million In Funding Raised To Develop Precision Medicines For Autoimmune Neuropsychiatric Diseases

By Annie Baker ● Sep 18, 2023

Arialys Therapeutics - a biotechnology company pioneering new therapeutics for autoimmune neuropsychiatry – recently announced the close of $58 million in seed financing.

Sierra Ventures: Fund XIII Exceeds Target At $265 Million

By Amit Chowdhry ● Sep 18, 2023

Sierra Ventures recently announced the closing of their 13th fund at $265 million, exceeding its target.

Kin: D2C Home Insurance Company Secures $33 Million In Series D Extension

By Noah Long ● Sep 18, 2023

Kin - a direct-to-consumer home insurance company built for every new normal - recently announced the closing of a $33 million Series D extension. The funding round was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.

Biodel: Regenerative Agriculture Closes Series A Funding From Pangaea Ventures

By Noah Long ● Sep 18, 2023

Biodel Ag - a regenerative agriculture company – recently announced closing its Series A financing round led by Pangaea Ventures Ltd, a renowned venture capital firm with a focus on advanced materials and clean technology.

Sempre Health: $20 Million Raised To Help Reduce What Patients Pay For Medications

By Noah Long ● Sep 18, 2023

Sempre Health - a leading solution for behavior-based healthcare pricing – recently announced $20 million in additional funding from three new investors, including Cencora Ventures and Echo Health Ventures. And existing investors including the Blue Venture Fund, UPMC Enterprises and Industry Ventures also participated.

Port: Open Internal Developer Portal Company Secures $18 Million

By Annie Baker ● Sep 18, 2023

Port - an open internal developer portal company – recently announced that it had raised $18 million in new funding for a total of $23 million raised.

Deduce: $9 Million Raised To Prevent AI-Generated Identity Fraud

By Dan Anderson ● Sep 18, 2023

Deduce - the only patented technology platform designed for preventing AI-generated identity fraud – recently announced $9 million in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures.

CertifID: Wire Fraud Protection Company Secures $20 Million

By Dan Anderson ● Sep 18, 2023

CertifID - a leading wire fraud protection company - recently announced $20 million in a new round of funding. And CertifID’s Series B funding round was led by Arthur Ventures, which also invested in CertifID’s $12.5 million Series A in May 2022.

Pulsora: Enterprise Sustainability Management Company Raises $20 Million

By Annie Baker ● Sep 18, 2023

Pulsora (formerly known as pulsESG) -an all-in-one platform for enterprise sustainability management – recently announced a $20 million Series A round. The funding round was led by Galvanize Climate Solutions, with participation from Carica Sustainable Investments, Sabancı Climate Ventures, Aramco Ventures, JetBlue Ventures, and existing investors FINTOP Capital, Builders VC, and SOMPO Holdings.

SQream: Data And Analytics Accelerator Company Receives $45 Million In Funding

By Amit Chowdhry ● Sep 18, 2023

SQream - a data and analytics accelerator company built for big data and AI/ML workloads - recently announced the successful completion of a $45 million Series C financing round. The funding round was led by World Trade Ventures, with participation from new and current investors, including Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings.

Zenity: Low-Code/No-Code Security Company Banks $16.5 Million In Funding

By Amit Chowdhry ● Sep 18, 2023

Zenity - a platform for securing low-code/no-code development - recently announced that it has raised $16.5 million in Series A funding led by Intel Capital and joined by existing investors Vertex Ventures and Upwest, and new investors from Gefen Capital and B5.

SITE Technologies: Asset Management And Data Analytics Company Closes $10 Million In Funding

By Annie Baker ● Sep 18, 2023

SITE Technologies - a leading innovator in asset management and data analytics technology utilizing artificial intelligence and advanced imagery capturing technologies - recently announced that it is excited to announce the successful completion of its Series A funding round, securing $10 million in investment.

Usage.AI: $9 Million Secured To Identify Cloud Savings

By Amit Chowdhry ● Sep 18, 2023

Usage.AI - a leader in identifying cloud savings - recently announced that it had raised $9 million in a round led by Amity Ventures and existing investors TenVC, JAM Fund, and Backend Capital. Prominent private investors, including Justin Mateen, led Usage.AI's previous round. The company also quickly became the world's most accessible and fastest way for companies to save money on their cloud spend.

Bold: Healthy Aging Platform Picks Up $17 Million In Funding

By Amit Chowdhry ● Sep 18, 2023

Bold - a leading healthy aging platform - recently announced $17 million in Series A funding led by Rethink Impact, with participation from Samsung Next and existing investors Andreessen Horowitz (a16z) Bio + Health, Khosla Ventures, GingerBread Capital, and Primetime Partners, bringing the total amount raised to $27 million. The funding round will be used to support Bold's continued expansion with national and regional Medicare plans and provider groups, and accelerate the growth of its clinical exercise offerings to support the diverse physical and mental health needs of older adults.

Gable.ai: Data Collaboration Platform Company Secures $7 Million

By Annie Baker ● Sep 18, 2023

Gable.ai recently announced it's developing the first data collaboration platform to allow software and data developers to build and manage high-quality data assets iteratively. And Gable has secured $7 million in seed funding led by Zetta Venture Partners, Crane Venture Capital, and Essence Venture Capital.

ROAR: This Company’s Panic Button Technology Helps Create Safer Organizations

By Amit Chowdhry ● Sep 18, 2023

ROAR has a goal of empowering people through technology to help create safer organizations. And its unique panic button technology solutions provide continuous coverage, even in dead-spot areas. Since the solution works independently of the facilities network, it is always on to ensure staff has a lifeline when they need it most. ROAR has chosen major hotel chains and healthcare providers because of its redundancies, ease of use, effortless implementation, and hassle-free maintenance. Pulse 2.0 interviewed ROAR co-founder and CEO Yasmine Mustafa to learn more.

Fuelfinance: How This Ukraine-Based Company Helps Startup Manage Funds

By Amit Chowdhry ● Sep 18, 2023

Fuelfinance is a company that makes software for financial management and planning in startups. And the company offers a suite of tools and a personal touch of its financial success managers that can replace an ERP system and a financial department. Pulse 2.0 interviewed Fuelfinance CEO Alyona Mysko to learn more.

GEM HEALTH: Digital Specialty Care Company Secures Funding To Help People With Obstructive Sleep Apnea

By Amit Chowdhry ● Sep 18, 2023

Gem Specialty Health - a nationwide digital specialty care clinic - recently announced it has successfully raised a Seed financing round led by HealthTrend Capital, with participation from existing investor Base10 Partners and new investor Mairs & Power Venture Capital. And GEM HEALTH has now raised over $5 million to date.