Startups

PolyGone Systems: Princeton University Spinout Raises $4 Million Seed Round To Scale Microplastic Monitoring And Removal

By Amit Chowdhry ● Feb 21, 2026

PolyGone Systems, a cleantech company and Princeton University spinout focused on microplastic monitoring and removal, announced it has raised $4 million in Seed funding to expand its filtration and water analysis capabilities. The round was led by FYRFLY Venture Partners, with participation from Tech Council Ventures, Interstate Fusion Ventures, Golden Seeds, and angel investors. The New Jersey Innovation Evergreen Fund matched $1.65 million of the raise.

Onshore: $31 Million Series B Raised For AI-Based Tax Platform

By Amit Chowdhry ● Feb 21, 2026

Onshore, an AI-powered tax platform formerly known as SPRX, announced it has raised $31 million in Series B funding to accelerate its expansion across additional U.S. tax and accounting domains. The round was led by FPV Ventures, with participation from Vertex Ventures, ADP Ventures, Y Combinator, and Restive Ventures. The financing brings the company’s total funding to $46 million.

Novig: $75 Million Series B Raised For Sports Prediction Market Platform

By Amit Chowdhry ● Feb 21, 2026

Novig has raised $75 million in a Series B round to expand its trader-first sports prediction market and accelerate its push toward federal regulation. The round was led by Pantera Capital, with participation from Multicoin Capital, Makers Fund, Edge Equity and existing investors Forerunner Ventures, Perceptive Ventures and NFX. The financing brings Novig’s total capital raised to more than $105 million.

Efficient Computer: $60 Million Series A Closed For Energy-Efficient Processor Technology

By Amit Chowdhry ● Feb 21, 2026

Efficient Computer has raised $60 million in a Series A funding round to accelerate development of its ultra-efficient general-purpose processors designed for artificial intelligence and advanced computing workloads. The round was led by Triatomic Capital, with participation from Eclipse, Union Square Ventures, Overlap Holdings, BoxGroup, RTX Ventures, Toyota Ventures, and Overmatch Ventures, among others. The financing brings the company’s total capital raised to $76 million.

Monark Markets Raises $8.1 Million Strategic Round For Building Brokerage And Wealth Platform Infrastructure

By Amit Chowdhry ● Feb 21, 2026

Monark Markets has raised $8.1 million in strategic financing to accelerate its mission of building standardized infrastructure connecting brokerage firms and wealth platforms to private markets. The round was led by F-Prime, with participation from The Treasury, Commerce Ventures, Grit Capital Partners, and BBAE Holdings.

Sift Biosciences Raises $3.7 Million Pre-Seed To Advance T-Cell Booster Platform

By Amit Chowdhry ● Feb 21, 2026

Sift Biosciences has closed an oversubscribed $3.7 million pre-seed financing round to accelerate development of its next-generation peptide immunotherapy platform designed to activate pre-existing memory T cells. The round was co-led by Freeflow Ventures and Lifespan Vision Ventures, with participation from Valuence Ventures, Eisai Innovation, SBI US Gateway Fund, and other early supporters.

Korsana Biosciences Launches With $175 Million To Advance Alzheimer’s Therapeutics

By Amit Chowdhry ● Feb 21, 2026

Korsana Biosciences, a biotechnology company focused on discovering and developing novel therapies to reduce the burden of neurodegenerative diseases, announced its emergence from stealth with $175 million in funding from a syndicate of healthcare investors.

Payra Raises $15 Million Growth Investment From Edison Partners

By Amit Chowdhry ● Feb 21, 2026

Payra, a B2B payments and accounts receivable automation platform built for blue-collar and construction-oriented businesses operating on legacy enterprise resource planning systems, announced that it has raised a $15 million growth equity investment from Edison Partners.

Aliro Raises $15 Million In Oversubscribed Round To Advance Physics-Based Cybersecurity

By Amit Chowdhry ● Feb 21, 2026

Aliro announced that it has raised $15 million in an oversubscribed funding round aimed at advancing what it describes as the next major paradigm shift in cybersecurity: moving digital trust from mathematical assumptions to the laws of physics. The round was led by Gutbrain Ventures, with participation from existing investors including Cisco Investments, as well as new investors Argon Ventures and Wonderstone Ventures, the corporate venture arm of Murata. The capital will support expanded deployments, ecosystem partnerships, and the company’s broader mission to redefine global security infrastructure.

DG Matrix Raises $60 Million Series A To Scale Power Infrastructure For AI And Electrification

By Amit Chowdhry ● Feb 21, 2026

DG Matrix announced it has closed a $60 million Series A funding round, bringing its total capital raised to over $100 million as it looks to accelerate the deployment of next-generation power infrastructure for AI data centers and broader electrification. The oversubscribed round was led by Engine Ventures, with participation from Helios Climate Ventures, Mitsubishi Heavy Industries, Ltd., Fine Structure Ventures, MCJ and Sabanci Climate Ventures. Existing investors, including ABB, also committed additional capital.