Archives

Ares Strategic Income Fund Launched With $1.5 Billion In Initial Investible Capital

By Dan Anderson ● May 4, 2023

Ares Management - a leading global alternative investment manager - announced recently the launch of Ares Strategic Income Fund (ASIF), which is a perpetual capital, continuously offered, non-traded business development company seeking to primarily invest in directly originated, senior secured, floating-rate loans to U.S. middle-market companies. And this fund has launched with approximately $1.5 billion in initial investible capital, including over $847 million of equity commitments raised from certain existing institutional relationships in a private placement, and approximately $625 million in credit facility commitments.

Cowen Healthcare Investments: Over $550 Million Raised For Fourth Fund

By Annie Baker ● May 4, 2023

Cowen Healthcare Investments announced the successful closing of Cowen Healthcare Investments IV (CHI IV) with total committed capital of $555.6 million. CHI IV had received commitments from a wide cross-section of limited partners including institutional investors, wealth managers, family offices, and high net-worth individuals. CHI IV is going to invest primarily in mid to late-stage life sciences opportunities.

TheGuarantors: This Renter/Landlord Insurance Solution Company Has Now Secured Over $110 Million

By Dan Anderson ● May 4, 2023

TheGuarantors - a fintech company building smart financial and insurance solutions for renters and landlords - announced it has raised $35 million in growth capital financing from CIBC Innovation Banking.

Ansa: Digital Wallet Infrastructure Company Raises $5.4 Million

By Noah Long ● May 4, 2023

Ansa announced a first-of-its-kind digital wallet infrastructure platform for merchants along with its first round of funding of $5.4 million. This funding round was led by Christina Melas-Kyriazi at Bain Capital Ventures with participation from Nimi Katragadda at Box Group, Nichole Wischoff at Wischoff Ventures, Cambrian Ventures, The Fintech Fund, and Susa Ventures. Female investors and angels contributed over 75% of the funding round.

Openlayer: $4.8 Million Raised To Build On A Machine Learning Evaluation Platform And Address A $6 Billion Market

By Amit Chowdhry ● May 4, 2023

How Nexterus Helps Companies Optimize Global Supply Chains

By Amit Chowdhry ● May 3, 2023

Nexterus is a Pennsylvania-based supply chain engineering and technology company (founded in 1946) that helps small to mid-sized companies effectively compete in today’s global marketplace. To learn more about the company, Pulse 2.0 interviewed Nexterus Director of Sales & Accounts Chris Schramm.

AaDya Security: All-In-One Cybersecurity Solutions Company Raises $5 Million

By Amit Chowdhry ● May 3, 2023

AaDya Security - a software company founded by cybersecurity veteran Raffaele Mautone - announced the closing of a $5 million Series A funding round.

LiquidStack: How This Company Is Taking On The $2.2 Billion Immersion Cooling Market

By Amit Chowdhry ● May 3, 2023

LiquidStack is one of the world's largest liquid cooling companies for hyper-scale, edge, and high-performance computing. To learn more about the company, Pulse 2.0 interviewed Joe Capes, CEO and co-founder of LiquidStack.

aiXplain: No-Code/Low-Code Development Company Secures $8 Million

By Noah Long ● May 3, 2023

aiXplain - one of the industry's first no-code/low-code integrated AI development platforms - announced that it has raised $8 million in seed funding led by Transform VC and Calibrate Ventures.

Backslash Security: How This Cloud-Native Company Is Redefining The $6 Billion AppSec Market

By Amit Chowdhry ● May 3, 2023

Backslash Security is known as the first Cloud-Native Application Security solution for enterprise AppSec teams to offer unified security and business context to cloud-native code risk, coupled with automated threat modeling, code risk prioritization, and simplified remediation across applications and teams. To learn more about the company, Pulse 2.0 interviewed Backslash Security co-founder and CEO Shahar Man.

Amboss Technologies: Bitcoin Lightning Network Analytics Company Raises $4 Million

By Annie Baker ● May 3, 2023

Amboss Technologies - a pioneering data analytics company for the Bitcoin Lightning Network - announced it raised $4 million in Seed funding from Stillmark, which is a leading Bitcoin-native VC. The funding round also includes participation from such VCs as Valor Equity Partners, Draper Associates, Fulgur Ventures, and Ride Wave Ventures.

How AutoScheduler Helps Companies Scale Up Warehouse Management Systems

By Amit Chowdhry ● May 3, 2023

AutoScheduler is a company that accelerates the capabilities of existing Warehouse Management Systems to help organizations solve challenges such as on-time in full (OTIF), dock schedule conflicts, and inefficient workforce allocation. To learn more about the company, Pulse 2.0 interviewed AutoScheduler CEO Keith Moore.

Ohmium: Green Hydrogen Company Secures $250 Million In Series C Funding

By Noah Long ● May 3, 2023

Ohmium International - a leading green hydrogen company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems - announced the closing of a$250 million Series C growth equity financing.

Orbital Therapeutics: $270 Million Raised To Unleash The Potential Of RNA Medicines

By Annie Baker ● May 3, 2023

Orbital Therapeutics - a company that is focused on enhancing global health by unleashing the full potential of RNA medicines to treat human disease - announced the successful closing of $270 million Series A financing.

CareSource Investing $1 Million In Augment Therapy

By Noah Long ● May 3, 2023

CareSource - a nationally recognized nonprofit managed care organization - announced a $1 million investment in Augment Therapy, a digital health company enhancing rehabilitative health care and exercise through immersive and gamified technology. And this investment will further CareSource’s mission to connect its members to the latest digital technologies for helping address care gaps and ensure all people have access to innovative care.

How BrillDog Will Aid SMBs Manage Complex Supply Chains

By Amit Chowdhry ● May 3, 2023

BrillDog is a company that provides real-time, cloud-based supply chain analysis, management, and actionable insights specifically for small- to medium-sized businesses. And to learn more about the company, Pulse 2.0 interviewed Sam Polakoff, CEO and founder of BrillDog.

Ten63 Therapeutics: $15.9 Million Raised To Combine Generative AI And Physics-Based Models

By Dan Anderson ● May 3, 2023

Ten63 Therapeutics - a company combining generative AI and physics-based models to develop first- and best-in-class therapeutics - announced the closing of an oversubscribed $15.9 million Series A financing led by new investor Hatteras Venture Partners. And Morpheus Ventures, SOSV, Draper Associates, Alexandria Venture Investments, the Sigma Group, and other new investors also participated in the round.

ProvisionAI: How This Company Is Helping Manage Transportation Plans In Supply Chains

By Amit Chowdhry ● May 2, 2023

ProvisionAI is a company that offers the Patented LevelLoad SaaS platform to create accurate, executable, and optimal Deployment Transportation Plans. To learn more about the company, Pulse 2.0 interviewed ProvisionAI founder and CEO Tom Moore.

True I/O: How This Company Enables IT Teams To Track Assets Across Multiple Networks On The Blockchain

By Amit Chowdhry ● May 2, 2023

True I/O is an ecosystem of blockchain-enabled solutions that include a cross-network security solution called the Universal Communications Identifier (UCIDTM) and Digital Names, an alias solution for public keys. To learn more about the company Pulse 2.0 interviewed True I/O chief executive officer Thomas Carter.

Blank Rome Welcomes 7 New Attorneys And 2 International Trade Pros

By Annie Baker ● May 2, 2023

Blank Rome LLP announced it is welcoming seven new attorneys and two international trade professionals to the firm’s International Trade practice group in Washington, D.C., which further strengthens the firm’s capabilities in this area.

Mezzion Pharma: $40 Million Secured To Advance First-To-Market Treatment Option For Fontan Patients

By Annie Baker ● May 2, 2023

Mezzion Pharma - a rare disease-focused pharmaceutical company - announced recently that it has secured nearly $40 million to fund FUEL-2, which is its confirmatory phase 3 clinical trial along with future commercialization and regulatory submissions in other countries including Europe.

Virta Health: $93 Million Raised To Take On Type 2 Diabetes Epidemic And Expand Diabetes Reversal

By Noah Long ● May 2, 2023

Virta Health - the first company with a treatment to sustainably reverse type 2 diabetes (T2D) without medications or surgery - announced that it has raised $93 million in Series C funding to combat the growing prevalence of Type 2 Diabetes (T2D), bringing the total equity funding to $166 million.

Replit: Cloud Developer Company Gets $97.4 Million Funding And $1.16 Billion Valuation

By Annie Baker ● May 2, 2023

Replit - the company behind the Ghostwriter developer platform, which is generative AI for software development - announced the close of its $97.4 million funding round at a $1.16 billion post-money valuation. And Replit plans to use the new funding round to innovate on its core development experience, expand its cloud services for developers, and drive innovation in AI and LLMs through Ghostwriter.

Vedanta Biosciences: $106.5 Million Raised To Advance Pipeline of Defined Bacterial Consortia Therapies

By Annie Baker ● May 2, 2023

Vedanta Biosciences - a clinical-stage company that is developing a potential new category of oral therapies based on defined bacterial consortia - announced that it has raised $106.5 million to support pivotal-stage development of its lead candidate VE303 for the prevention of recurrent Clostridioides difficile infection (CDI), and a Phase 2 study of VE202 for ulcerative colitis, and other development activities.

Distalmotion: Robotic Surgery Platform Company Raises $150 Million Funding

By Amit Chowdhry ● May 2, 2023

Distalmotion recently announced the first closing of its $150 million financing. This significant funding round reinforces the confidence of Distalmotion’s existing investors led by Revival Healthcare Capital.

Cosmose AI: Strategic Funding Raised At $500 Million Valuation

By Dan Anderson ● May 2, 2023

Cosmose AI is a global platform company that predicts and influences how people shop offline that recently announced a strategic investment from NEAR Foundation (a leader in Web3 technologies), which valued the company at $500 million. With this new funding round, Cosmose is set to apply Web3 principles and further advance the AI-driven retail ecosystem.

Adcentrx Therapeutics: Antibody-Drug Conjugate Therapeutics Company Secures $38 Million

By Dan Anderson ● May 2, 2023

Adcentrx Therapeutics - a biotechnology company dedicated to revolutionizing Antibody-Drug Conjugate (ADC) therapeutics for cancer and other life-threatening diseases - announced the closing of a $38 million Series A+ financing.

Cyclic Materials: Advanced Metals Recycling Company Raises $27 Million

By Annie Baker ● May 2, 2023

Cyclic Materials - an advanced metals recycling company focused on producing critical materials - announced it has raised $27 million in an oversubscribed Series A financing. The funding round was led by Energy Impact Partners (EIP) and BMW i Ventures (BiV) and included participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing Cyclic Materials investor Planetary Technologies.

Hydrosat: Climate Tech Company Raises $20 Million

By Dan Anderson ● May 2, 2023

Climate tech company Hydrosat announced $20 million in a new round of funding, including a $15 million Series A round and more than $5 million in non-dilutive funding to aid in the growth and development of its constellation of satellites and analytics to measure water stress and climate impact.

Rinsed: Car Wash CRM Company Secures $20 Million

By Noah Long ● May 2, 2023

Car Wash customer relationship management (CRM) company Rinsed announced a $20 million Series B investment from VMG Technology. Rinsed was founded in 2019 by Austin Esecson, Sam Logan, and Nic Hippenmeyer. And the company previously announced $15 million in capital raised across its Series A and Seed rounds from Bedrock Capital, Founders Fund, Y Combinator, and Mischief.