Startups

Switched Source Raises More Than $17 Million To Expand Grid Capacity Technology

By Amit Chowdhry ● Today at 7:28 AM

Switched Source secured more than $17 million in funding to scale deployment of its Phase-EQ grid technology and expand manufacturing and production capacity. Cubit Capital led the round, with participation from ABB, Emerald Technology Ventures, Red Cedar Ventures, Southern States, Southwire Company, and additional strategic investors.

Undecimal Bio Launches With $18 Million Seed Round To Advance siRNA Delivery Beyond The Liver

By Amit Chowdhry ● Today at 7:24 AM

Undecimal Bio launched with an oversubscribed $18 million seed financing to advance its AI-enabled platform for targeted delivery of siRNA therapeutics beyond the liver. The company is a spin-out from Eleven Therapeutics and will use the funding to expand DELiveri, its proprietary platform for identifying conjugates capable of directing RNA medicines to specific cell types. The round was co-led by 4BIO Capital and IQ Capital. Additional investors included Verve Ventures, Harel Tech, Entree Capital, Kerna Ventures, and Saras Capital.

Flexcompute Raises Strategic Investment From Samsung Ventures And Applied Ventures To Advance Physics World Model

By Amit Chowdhry ● Yesterday at 3:22 PM

Flexcompute raised a strategic investment from Samsung Ventures and Applied Ventures, the venture capital arm of Applied Materials, to accelerate development of its Physics World Model. Other investors also participated in the financing.

Charter Space Raises $5 Million Seed Round To Expand Space Insurance Platform

By Amit Chowdhry ● Yesterday at 1:09 PM

Charter Space closed an oversubscribed $5 million seed funding round as the company expands its insurance platform for the growing commercial space economy. The round was led by Crystal Venture Partners, with participation from QED, Blank Ventures, Gaingels, Hustle Fund, and other fintech and space-focused investors.

CScale Raises $145 Million In Series C Funding To Build Optical Interconnect For Gigawatt-Scale AI

By Amit Chowdhry ● Yesterday at 12:54 PM

CScale emerged from stealth with $145 million in Series C funding to accelerate the development and commercialization of optical interconnect technology for large-scale AI infrastructure. The round brings CScale’s total funding to $188 million. The financing was co-led by Atreides Management, Valor Equity Partners, and Premji Invest. Sutter Hill Ventures, which has backed CScale since its founding, also participated alongside existing investor Maverick Silicon. NVIDIA and Intel Capital joined the round as CScale’s first strategic investors.

Scarlet Raises $50 Million In Series B Funding To Expand AI Medical Device Certification Platform

By Amit Chowdhry ● Yesterday at 12:06 PM

Scarlet raised $50 million in Series B funding to expand its AI medical device certification platform and build what it describes as a global certification body for advanced healthcare technology companies. The round was led by Headline, with participation from existing investors Kindred Capital, Creandum, Atomico, and Entrepreneurs First, along with new investor Notion Capital.

Elio Mortgage Raises $5.1 Million In Pre-Seed Funding To Build AI-Native Mortgage Platform

By Amit Chowdhry ● Yesterday at 10:56 AM

Elio Mortgage emerged from stealth with $5.1 million in pre-seed funding to build an AI-native mortgage company focused on redesigning how home loans are originated. The round was led by Motive Partners and Social Leverage, with participation from Jeff Horing, Co-Founder and Managing Director of Insight Partners, as an angel investor.

TCGX Closes $600 Million Asia Life Sciences Fund I

By Amit Chowdhry ● Yesterday at 9:45 AM

TCGX closed its oversubscribed TCGX Asia Life Sciences Fund I with $600 million in commitments. The new fund will focus on biotechnology companies based in Asia.

HyLight Raises €13 Million To Scale Autonomous Hydrogen-Powered Airships For Infrastructure Inspections

By Amit Chowdhry ● Yesterday at 9:29 AM

HyLight raised €13 million in funding to expand its fleet of autonomous hydrogen-powered airships and accelerate the development of its AI-powered infrastructure inspection platform. The round was backed by Rubio Impact Ventures, DRW, and Teampact Ventures, with participation from existing investors Y Combinator and Ring Capital.