Archives

Carbon Robotics: AI-Based Farming Company Raises $70 Million (Series D)

By Amit Chowdhry ● Oct 22, 2024

Carbon Robotics, a leader in AI-based farming, announced that it has raised $70 million in Series D financing. The funding was led by new investor BOND with participation from existing investors NVentures (NVIDIA’s venture capital arm), Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital. This funding round brings the total company funding to $157 million. In connection with the funding, Mood Rowghani (general partner at BOND) will join Carbon Robotics’ Board of Directors.

Hemlock Semiconductor: $325 Million Investment Secured Via Federal CHIPS Act Funding

By Amit Chowdhry ● Oct 22, 2024

Michigan's Governor Gretchen Whitmer announced that the Biden-Harris administration provided proposed direct funding of $325 million to Michigan-based manufacturer Hemlock Semiconductor (HSC) for building a new facility supporting 180 permanent, advanced manufacturing jobs and over a thousand good-paying construction jobs. This proposed direct funding was made under the Biden-Harris administration’s bipartisan CHIPS and Science Act, which is focused on bringing supply chains and good-paying jobs home to America.

Seaport Therapeutics: $225 Million (Series B) Raised To Advance Novel Neuropsychiatric Medicines

By Amit Chowdhry ● Oct 22, 2024

Seaport Therapeutics—a clinical-stage biopharmaceutical company advancing novel neuropsychiatric medicines with a proven strategy and team—announced the closing of an oversubscribed $225 million Series B financing round. General Atlantic, a leading global growth investor, led this syndicate, with participation from funds and accounts advised by T. Rowe Price Associates, Foresite Capital, Invus, Goldman Sachs Alternatives, CPP Investments, and other new investors. Founding investors ARCH Venture Partners, Sofinnova Investments, Third Rock Ventures, and co-founder PureTech Health also joined.

Butlr: Interview With CEO & Co-Founder Honghao Deng About The Anonymous People Sensing Platform

By Amit Chowdhry ● Oct 22, 2024

Butlr is an MIT Media Lab spinout that combines AI with body heat sensing technology to build patented sensors and an anonymous people-sensing platform. Pulse 2.0 interviewed Honghao Deng to learn more about the company.

Dryad Networks: Wildfire Detection Technology Company Raises €6.3 Million

By Amit Chowdhry ● Oct 22, 2024

Dryad Networks, a leader in ultra-early wildfire detection technology, today announced a major financial boost to advance its wildfire prevention solutions. And the company has been awarded a €3.8 million grant from the ERDF, via Investitionsbank des Landes Brandenburg (ILB), to accelerate the development of its revolutionary wildfire suppression project, codenamed ‘Florian.’

Arena Club: Interview With Head Of Engineering Vartul Agrawal About The Digital Card Company

By Amit Chowdhry ● Oct 22, 2024

Arena Club is transforming the world of sports cards and memorabilia with the first-ever digital card show. Pulse 2.0 interviewed Arena Club’s Head of Engineering, Vartul Agrawal, to learn more about the company.

Actfore: Data Mining Leader Spins Off To Transform Cyber Breach And Incident Response

By Amit Chowdhry ● Oct 22, 2024

Actfore, a leader in AI/ML-powered data mining for cyber breach incident response, announced it has officially spun off from ActiveNav to establish itself as an independent company. The move enables Actfore to focus exclusively on providing legal counsel, insurance carriers, and corporations with rapid on-shore data analysis and to continue delivering actionable insights on compromised information such as personally identifiable information (PII), protected health information (PHI), business partner critical information, and corporate crown jewels.

Terray Therapeutics: $120 Million (Series B) Secured To Improve Human Health

By Amit Chowdhry ● Oct 22, 2024

Terray Therapeutics, a biotechnology company focused on improving human health by transforming the speed, cost, and success rate of small molecule drug development using computation integrated with novel data at scale, announced Series B funding of $120 million. The funding round was led by new investor Bedford Ridge Capital and existing investor NVentures (NVIDIA’s venture capital arm), with participation from new and existing investors, including Maverick Capital, Goldcrest Capital, Madrona Ventures, Two Sigma Ventures, XTX Ventures, Digitalis Ventures, and Alexandria Ventures. Sid Shenai partnered with Bedford Ridge Capital on this financing and will join Terray’s Board of Directors.

Primergy: $350 Million Secured For Ash Creek Solar Project

By Amit Chowdhry ● Oct 22, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and energy storage projects - announced it closed commitments for $350 million in tax equity financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

HEN Nozzles: Firefighting Innovation Company Raises $8 Million

By Amit Chowdhry ● Oct 22, 2024

Firefighting innovation company HEN Nozzles announced it raised $8 million in seed funding to accelerate its fluidics technology, which extinguishes fires 300% faster while using 67% less water. And with wildfires and structure fires intensifying globally and firefighting technology stagnating for decades, this funding will drive the development and deployment of the company’s groundbreaking fire suppression solutions. HEN’s innovations enable firefighters to fight fires faster and with less water — which is critical in unpredictable and increasingly destructive fire conditions.

Jüsto: Latin America Based Online Grocer Secures $70 Million

By Amit Chowdhry ● Oct 22, 2024

Jüsto, a leading online grocer in Latin America with operations in Mexico, Brazil, and Peru, announced it has raised $70 million in equity and debt financing. Existing investor General Atlantic led the $50 million equity round with participation from others, while HSBC México arranged the approximately $20 million debt facility. And Jüsto plans to utilize the new financing to continue executing its growth strategy, primarily in Mexico, further enhance operational efficiencies, and push the boundaries of conventional e-commerce models across the region.

Minze Health: Urology Solutions Company Closes $5.3 Million In Funding

By Amit Chowdhry ● Oct 22, 2024

Minze Health, a pioneer in digital health solutions for urology, announced it raised $5.3 million in a funding round led by its existing investors White Fund, Capricorn Digital Growth Fund, and the Flemish investment company PMV. This funding round also saw the participation of a new investor, imec.istart future fund, marking a significant step forward for the company’s growth and innovation.

Clerk Chat: AI-Based Telecom Platform For Enterprises Secures $7 Million (Seed)

By Amit Chowdhry ● Oct 22, 2024

Clerk Chat, a leading AI telecom platform for enterprises, announced it has closed a $7 million funding round led by Race Capital, with participation from HF0, Mento VC, and Altair VC. This funding will accelerate Clerk Chat's electric growth, enabling the company to continue investing in superstars, expand its novel AI messaging capabilities, and deepen partnerships with telecom providers.

Horizon Surgical Systems: Micro-Robotics Company Raises $30 Million (Series A)

By Amit Chowdhry ● Oct 22, 2024

Horizon Surgical Systems, a privately held micro-robotics company advancing microsurgery with automated AI-enabled robotics, announced the closing of a $30 million Series A financing. The funding was led by ExSight Ventures and a major corporate investor, with participation from Main Street Advisors and the University of California (UC Investments), and others.

Vision RNG: $207 Million Secured From HASI

By Amit Chowdhry ● Oct 22, 2024

Vision RNG (VRNG), a leader in renewable natural gas (RNG) production, announced it has closed on an aggregate $207 million in project financing with HASI. This funding will accelerate Vision RNG’s growth strategy, advancing sustainable energy solutions and reducing carbon emissions.

Zephyr: Home Services Platform Launched With $100 Million Of Capital

By Amit Chowdhry ● Oct 22, 2024

Zephyr announced that it has raised over $60 million in new growth capital led by Elda River Capital and The Pritzker Organization (TPO). And Zephyr will use the new funding to support additional home services business acquisitions and continued technical innovation. This latest funding round brings Zephyr's total funding to nearly $100 million since it launched in November 2022.

Obligo: $35 Million Raised To Expand Security Deposit Solutions

By Amit Chowdhry ● Oct 22, 2024

Obligo, a fintech company that builds trust between renters and landlords through its suite of flexible security deposit solutions, announced that it has raised $35 million in new funding. Ths funding comes as Obligo experiences a period of rapid growth, driven by recently announced partnerships with property management software companies AppFolio, Buildium, and Yardi.

Rollstack: $11 Million (Series A) Raised To Make It Easier To Create Data-Driven Slide Decks

By Amit Chowdhry ● Oct 21, 2024

Rollstack, a company making it easy to create and update data-driven slide decks and documents automatically, announced $11 million in Series A funding led by global software investor Insight Partners, with participation from existing investor Y Combinator. With the new funding round, Rollstack plans to further invest in its AI capabilities to automate mundane data tasks for businesses.

Quinbrook Signs Tesco And Shell Offtake Agreements From UK’s Largest Consented Solar + Battery Storage Project

By Amit Chowdhry ● Oct 21, 2024

Quinbrook Infrastructure Partners (a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition) announced two long-term offtake agreements with Tesco and Shell covering 100% of the solar power generation from its Cleve Hill Solar Park (“Cleve Hill”). Cleve Hill, a 373MW solar + 150MW battery storage project, is the largest ever constructed in the UK and is due to commence operations in early 2025.

Nuclera: Biotech Company Raises $75 Million For Accelerating Protein Expression

By Amit Chowdhry ● Oct 21, 2024

Nuclera, the biotechnology company accelerating protein expression and purification workflows through its benchtop protein system, announced it had completed a $75 million financing round (circa £57 million). The funding round was led by Elevage Medical Technologies, backed by Patient Square Capital, and joined by British Patient Capital, the largest domestic investor in UK venture and venture growth opportunities, Cambridge Innovation Capital, Jonathan Milner, GK Goh, M&G Catalyst, E Ink Holdings, Michael D. McCreary, Uni Power Group, and Verve Ventures.

Sunbird Bio: $14 Million Closed To Advance Blood-Based Diagnostic Platform In Alzheimer’s Disease

By Amit Chowdhry ● Oct 21, 2024

Sunbird Bio, a biotechnology company developing proprietary blood-based technologies to improve the diagnosis and treatment of neurological disorders and early-stage cancer, announced the closing of a $14 million financing round backed by two new investors, Eli Lilly and Company and the strategic investment arm of the Singapore Economic Development Board (EDBI), and continued support from existing investors ClavystBio, Polaris Partners, and S32.

double jump.tokyo Reveals Strategic Partnership With Web3 Fund Neoclassic Capital

By Amit Chowdhry ● Oct 21, 2024

double jump.tokyo announced its LP investment in Neoclassic Capital, a fund focusing on Web3 and the entertainment industry in Asia. Through this strategic partnership with Neoclassic Capital, double jump.tokyo aims to build relationships with Web3 startups emerging from Asia and beyond, accelerating the global adoption of Web3 technologies from Asia.

Treehouse: $16.6 Million (Series A) Raised To Build Software-Enabled Installation Platform For Electrification Projects

By Amit Chowdhry ● Oct 21, 2024

Treehouse (a software-enabled installation platform for electrification projects) announced $16.6 million in Series A funding. The funding round includes participation from lead investor Flourish Ventures, Eaton, Veriten, MassMutual Ventures, and inVest Ventures, as well as continued participation from CarMax, Montage Ventures, Acrew Capital, Holman, Virta Ventures, and Invest Detroit. With this funding round, Treehouse will expand its operating footprint nationally to help automotive OEMs, utilities, fleet managers, and electrification hardware manufacturers launch scaled electrification programs.

X-energy: $500 Million (Series C-1) Raised To Support Advanced Small Modular Nuclear Reactors

By Amit Chowdhry ● Oct 21, 2024

X-Energy Reactor Company (a leader in advanced nuclear reactor and fuel technology) announced a Series C-1 financing round of about $500 million, anchored by Amazon.com. Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan join Amazon’s Climate Pledge Fund in the financing round.

Cyngn Reveals Raymond West, A Dealer With $800M+ In Annual Sales

By Amit Chowdhry ● Oct 21, 2024

Cyngn announced the expansion of its dealer network to include Raymond West. As a leading distributor and integrator of intralogistics solutions, Raymond West will begin selling Cyngn's autonomous DriveMod Tugger. The autonomous tugger integrates Cyngn's AV technology with Motrec's MT-160.

FeelBetter: Interview With CEO & Co-Founder Liat Primor About the Polypharmacy Patient Management Company

By Amit Chowdhry ● Oct 21, 2024

FeelBetter is a company focused on polypharmacy patient management. It has developed an AI-based platform that identifies patients who are at high risk of near-term hospitalization related to polypharmacy issues, recommends changes to medication regimens and other needed clinical interventions, and comprehensively monitors progress at the individual and population health levels. Pulse 2.0 interviewed FeelBetter CEO and co-founder Liat Primor about the company and its technology.

Bluwhale: Interview With Founder And CEO Han Jin About The AI Intelligence Layer Company

By Amit Chowdhry ● Oct 21, 2024

Bluwhale is an AI intelligence layer that is turning your digital footprint into your most profitable asset. Pulse 2.0 interviewed Bluwhale CEO Han Jin to learn more about the company.

Neighborly Software: Growth Investment Secured From Falfurrias

By Amit Chowdhry ● Oct 20, 2024

Neighborly Software, a leading provider of an end-to-end SaaS platform that manages government-funded programs' enrollment, administration, and reporting, announced a significant growth investment from Falfurrias Management Partners, a Charlotte-based investment firm focused on growth-oriented middle-market businesses.

Equilibrium Energy: $39 Million (Series B) Raised To Build Next-Generation Clean Power Company

By Amit Chowdhry ● Oct 20, 2024

Equilibrium Energy—a technology company building a next-generation clean power company—announced market entry into California and signed new battery tolls with top-tier developer Ormat. The company also closed a $39 million Series B venture fundraising led by DCVC and including top-tier institutional investors Breakthrough Energy Ventures and Valo Ventures. This new funding builds on the company’s $30 million Series A financing led by Breakthrough Energy Ventures in 2022 and will support the continued build-out of Equilibrium’s industry-leading power volatility management platform and the growth of its commercial businesses.

XDLINX: India-Based Satellite Platform Company Raises $7 Million (Seed)

By Amit Chowdhry ● Oct 19, 2024

Indian space-tech company XDLINX Space Labs is a company that is transforming the global space industry through its ready to launch satellite platforms. The company revealed that it recently raised $7 million in seed funding to accelerate the manufacturing of next-generation payloads. This funding round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures,and a prominent family office.