Archives

Tolerance Bio: $17.2 Million (Seed) Raised For Increasing Healthspan By Adjusting Function Of The Thymus

By Amit Chowdhry ● Oct 19, 2024

Tolerance Bio - a biopharmaceutical company pioneering a novel approach to increasing healthspan by preserving, restoring, and manipulating the function of the thymus, the master regulator of immune tolerance - announced the closing of its oversubscribed $17.2 million seed financing round, led by Columbus Venture Partners, with participation from Criteria Bio Ventures, Sessa Capital, BioAdvance, Ben Franklin Technology Partners and individual biotechnology investors.

Xscape Photonics: $44 Million (Series A) Raised For Supporting Next Generation Of AI Data Centers

By Amit Chowdhry ● Oct 19, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced the successful closing of a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led the funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. And the funding will be used to accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

RRA Capital: $27 Million Loan Closed For Acquisition Of Multifamily Portfolio In North Carolina

By Amit Chowdhry ● Oct 19, 2024

RRA Capital, a leading Phoenix-based commercial real estate bridge lender and investment firm, announced the closing of a $27 million loan for the acquisition of a four-property and multifamily portfolio in North Carolina. And this latest deal, executed in partnership with Emerald City Associates (ECA), marks a significant milestone in their collaboration, with the parties having now closed $62 million across seven loans in the past five months.

Decagon: AI-Based Customer Support Agent Company Raises $100 Million Total

By Amit Chowdhry ● Oct 19, 2024

Decagon, a leading innovator in AI customer support agents, announced it had raised $100 million, including its latest Series B funding round (quadrupling its valuation in just a few months). The $65 million round was led by Bain Capital Ventures with participation from Elad Gil, A*, Accel, BOND Capital, and ACME Capital. This funding round will accelerate Decagon’s mission to transform enterprise customer support and unlock new levels of economic productivity.

Johnson Winter Slattery: Charlie Detmold Named As Partner In Melbourne Office

By Amit Chowdhry ● Oct 19, 2024

Leading independent Australian law firm Johnson Winter Slattery (JWS) announced it has appointed banking and finance expert Charlie Detmold as a partner in the firm’s Melbourne office. Charlie brings over 20 years of domestic and international experience in project finance, acquisition finance, and corporate finance, particularly in the energy, resources and infrastructure sectors.

Paul Weiss: Prem Mohan Named As Regulatory Partner

By Amit Chowdhry ● Oct 19, 2024

Paul, Weiss, Rifkind, Wharton & Garrison announced that financial regulatory lawyer Prem Mohan, who is resident in London, will join the firm as a partner and head of European Financial Services Regulation. Mohan advises on the regulatory aspects relating to the structuring and formation of private funds and M&A and private equity transactions.

Fisent: Testing Framework Launched To Help Enterprises Evaluate GenAI Model Performance

By Amit Chowdhry ● Oct 19, 2024

Fisent Technologies, a pioneer in Applied GenAI Process Automation solutions, announced a new framework designed to help its Fisent BizAI customers objectively evaluate the performance of various GenAI models for specific business process automation use cases. Fisent’s GenAI Efficacy Framework (GEF) enables enterprises to measure, compare, and select the most effective GenAI models based on key metrics like accuracy, speed, cost, and consistency.

Cornell University’s eLab Reveals 24 Student Startup Teams

By Amit Chowdhry ● Oct 19, 2024

There have been 24 student teams selected for the Fall 2024 cohort of eLab (Cornell’s student startup accelerator). Now welcoming its 16th credit-bearing cohort, eLab accepts student founders from across any field of study across Cornell and trains them to launch their businesses.

LeagueApps: Significant Equity Investment From Accel-KKR Signed

By Amit Chowdhry ● Oct 19, 2024

LeagueApps, a leading youth sports management platform, announced that it has received a significant equity investment from Accel-KKR. This investment by Accel-KKR will advance LeagueApps' role in offering youth and local sports organizers with the tools, partnerships, and community they need to succeed on and off the field – helping them manage and grow their clubs, tournaments, leagues, camps, and facilities.

Azra Games: $42.7 Million (Series A) Raised To Create Next-Gen Mobile Role-Playing Games

By Amit Chowdhry ● Oct 19, 2024

Sacramento-based Azra Games is a company that is dedicated to creating the next generation of mobile role-playing games (RPGs) with thrilling gameplay announced the completion of its $42.7 million Series A round. The funding round was led by Pantera Capital (Franklin Bi), with participation from a16z crypto (Arianna Simpson), A16Z GAMES (Jonathan Lai), and NFX (Gigi Levy-Weiss). And this brings Azra's total funding to date to $68.3 million.

Emerald Lake Capital Management Adds New Investment Team Members

By Amit Chowdhry ● Oct 19, 2024

Emerald Lake Capital Management announced three recent additions to the firm's investment team: Stephen Burhenn has joined from Ares Management, Derrick Lee has joined from Cinven, and Katie Slodzinski has joined from Goldman Sachs.

Gladia: AI Transcription And Audio Intelligence Company Raises $16 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Gladia, an AI-based transcription and audio intelligence provider, announced it has completed a $16 million Series A funding round. The company will use the funding to develop an end-to-end audio infrastructure, starting with a new real-time audio transcription and analytics engine (enabling voice-first platforms to deliver more value to their users across borders with AI).

Agtonomy: AI-Based Agriculture Automation Company Raises $32.8 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Agtonomy, a pioneer in AI-based automation software for agriculture and land maintenance, announced it has raised an additional $10 million to close its Series A round, bringing the total funding to $32.8 million. Leading mobility venture fund Autotech Ventures led the round. And new investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support.

Kantata Reveals General Availability Of Pulse

By Amit Chowdhry ● Oct 19, 2024

Kantata, a leading global supplier of purpose-built technology for professional services, announced the general availability of Kantata Pulse. This solution optimizes service delivery across project portfolios by infusing operational data with real-time project sentiment data.

Cresset Buying CH Investment Partners, Bringing Firm To $62 Billion In Assets

By Amit Chowdhry ● Oct 19, 2024

Cresset Asset Management announced an acquisition of CH Investment Partners, a $6.2 billion multi-family office and private investment firm serving ultra-high-net-worth families. Through this acquisition, the integrated firm will manage more than $62 billion in assets for high-net-worth and ultra-high-net-worth families.

Kestra: Funds Managed By Stone Point Agrees To Buy Majority Interest In Parent Partnership

By Amit Chowdhry ● Oct 19, 2024

Kestra Holdings announced that funds managed by Stone Point Capital (a leading private equity firm focused on global financial services and related industries) has agreed to buy a majority interest in the parent partnership of the company, replacing current partner Warburg Pincus. Private equity firm Oak Hill Capital will remain a minority owner. And the Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company. Bluespring Wealth Partners is the acquisition arm of Kestra Holdings.

Galileo: Enterprise GenAI Evaluation And Observability Company Raises $45 Million (Series B)

By Amit Chowdhry ● Oct 19, 2024

Galileo, a leader in generative AI (GenAI) evaluation and observability for enterprises, announced it raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68 million.

Monument Therapeutics: Precision Neuroscience Company Raises £1 Million

By Amit Chowdhry ● Oct 19, 2024

Monument Therapeutics, a precision neuroscience company, announced a further £1 million equity investment by the Forster Foundation, a charitable incorporated organization. This new funding builds on equity and non-dilutive funding announced in April 2024 and will support the clinical development of MT1988, a novel treatment for the cognitive symptoms of schizophrenia.

Dentons Reveals New Partners In London, Phoenix, And San Francisco

By Amit Chowdhry ● Oct 19, 2024

Dentons recently announced it has made several key hires. These are the details.

LeasePoint: $40 Million Incremental Funding Raised From Altriarch Asset Management

By Amit Chowdhry ● Oct 18, 2024

LeasePoint Funding Group announced today that it has secured $40 million of incremental funding from Altriarch Asset Management.

Eruditus: $150 Million (Series F) Raised To Make Education Accessible And Affordable

By Amit Chowdhry ● Oct 18, 2024

Eruditus, a leader in making high-quality education accessible and affordable to individuals, companies, and governments, announced today that it has raised a $150 million Series F fundraise led by TPG's The Rise Fund with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative.

MyFO: $3.5 Million (Seed) Raised For Transforming Family Office Management

By Amit Chowdhry ● Oct 18, 2024

MyFO, a fast-growing platform for family offices and the wealth management professionals who service them, announced the closing of its oversubscribed $3.5 million seed funding round, led by Rhino Ventures. The platform simplifies and organizes financial lives by creating a comprehensive family office platform consolidating data, documents, and stakeholder management. The new injection of funds will scale its operations to meet growing demand, enhance its product offerings, and expand its team.

LPL Onboards $340 Million Morristown Wealth Management And $685 Million Air Capital Teams

By Amit Chowdhry ● Oct 18, 2024

LPL Financial announced that it onboarded a couple of teams recently. This includes Morristown Wealth Management and Air Capital.

Monument Advocacy Raises Funding From Everlane Equity Partners

By Amit Chowdhry ● Oct 18, 2024

Monument Advocacy, a leading national, bipartisan government relations and public affairs firm, announced an investment by Everlane Equity Partners, a Boston-based private equity firm. This investment will enable Monument to continue offering integrated services to clients while supporting growth to deliver results in additional geographic markets and policy areas. Monument’s CEO John Murray, Founder C. Stewart Verdery, Jr., and Senior Leadership Team will continue to lead the business operations.

Ogier: Dennis Li Named As New Partner In Investments Funds Practice

By Amit Chowdhry ● Oct 18, 2024

Ogier announced it has welcomed new partner Dennis Li to its investment funds practice in Hong Kong. Li’s practice focuses on fund formation and digital assets more widely. He advises investment managers and financial institutions throughout the entire lifecycle of their fund structures, from fund formation to downstream investments and divestments, ongoing maintenance and regulatory compliance, restructuring, and dissolution.

Constellation: Interview With CTO Nauman Hafiz About The Creating Marketing Technology Company

By Amit Chowdhry ● Oct 18, 2024

Constellation is a company that is inventing the world’s first and only creative marketing technology made for highly regulated industries. And the company’s end-to-end compliance solution features built-in verticalized engines designed to streamline the creative process for many companies with an automated solution that scales creative content and the regulatory approval process. Pulse 2.0 interviewed Constellation CTO Nauman Hafiz to learn more about the company.

Denodo: Interview With Founder & CEO Dr. Ángel Viña About The Data Virtualization Company

By Amit Chowdhry ● Oct 18, 2024

Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI. Pulse 2.0 interviewed Denodo founder and CEO Dr. Ángel Viña to learn more about the company.

StrongDM: Interview With CEO Tim Prendergast About The Zero Trust PAM Company

By Amit Chowdhry ● Oct 18, 2024

StrongDM is a leader in Zero Trust Privileged Access Management (PAM). StrongDM provides a policy-based platform that enables precise control over privileged actions and grants secure, compliant, and frustration-free access to all critical infrastructure. Pulse 2.0 interviewed StrongDM CEO Tim Prendergast to learn more about the company.

Manifest: Digital Wellness Company Raises $3.4 Million

By Amit Chowdhry ● Oct 17, 2024

Manifest is a digital wellness company building products for Gen Z, which has grown in popularity for tapping into desires for personal growth in romantic relationships, career success, financial abundance, and emotional well-being. The company has raised $3.4 million in funding from a16z Speedrun, HF0, Florida Funders, Soma Capital, Stand Together Ventures Lab, Transpose Platform, 305 Ventures, Mack Ventures, and other angel investors to give Gen Z a space to proactively tackle what's in front of them and build daily habits of self-care.

SynthBee: $20 Million (Seed) Raised For Scaling Its Computing Intelligence Platform

By Amit Chowdhry ● Oct 17, 2024

SynthBee, a company building a scalable and reliable computing intelligence platform to amplify and accelerate human innovation, announced it has secured $20 million in seed funding to expand the company and build out the team around its proprietary computing intelligence platform. The funding was provided by Crosspoint Capital Partners.