Startups

Faye: Travel Platform Company Secures $31 Million In Series B

By Amit Chowdhry ● Aug 5, 2024

Travel company Faye announced it has raised $31 million in Series B funding, bringing the company's total funding to $49 million. Portage led the round, which included participation from Lumir Ventures and existing investors F2 Venture Capital, Viola Ventures, and Munich Re Ventures.

DecoverAI: Legal Tech Company Raises $2 Million In Seed Funding

By Amit Chowdhry ● Aug 5, 2024

DecoverAI, a pioneering legal technology company, announced that it has raised $2 million in seed funding, led by Leo Capital with participation from other notable investors. This funding round marks a significant milestone in DecoverAI's goal in transforming the legal industry through cutting-edge AI solutions.

Checkly: Monitoring As Code Company Secures $20 Million In Series B

By Amit Chowdhry ● Aug 1, 2024

Checkly – a leading provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright – announced it has raised a $20 million Series B funding round led by Balderton Capital. Existing investors Accel, CRV, and Paul H. Müller also participated.

aiXplain: Accelerated AI Development Company Raises $6.5 Million In Pre-Series A

By Amit Chowdhry ● Aug 1, 2024

aiXplain, a leading provider of essential infrastructure for accelerated AI development, announced a $6.5 million pre-Series A round to simplify the process of building AI agents and globalize the impact of AI innovation. Wa’ed Ventures (a $500 million Saudi Arabian venture capital fund backed by Aramco) led the round (its first direct investment in a US-based company). And prominent angel investors such as Osama Elkady (CEO and Co-founder of Incorta) and Kane Minkus (global business expert) also participated in the round.

Agrovision: Superfruit Platform Company Raises $100 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Aug 1, 2024

Agrovision, the healthy superfruit platform and fully vertically integrated superfruit business announced it had closed $100 million in equity financing from Aliment Capital, along with marquee new and existing investors, including Steve Kaplan (co-founder of Oaktree Capital Management). And Agrovision is known for its premium superfruits: blueberries, raspberries, blackberries, and cherries (sold under Fruitist and Big Skye brands).

Axiad: Zero-Trust Enterprise Enabler Raises $25 Million

By Amit Chowdhry ● Jul 31, 2024

Axiad, an identity-first enabler of the zero-trust enterprise, announced it has raised $25 million in funding from Invictus Growth Partners.

TeachMe.To: $5 Million Closed To Make It Easier To Learn Sports, Music, And Art, And Music

By Amit Chowdhry ● Jul 31, 2024

TeachMe.To, a hub for finding and booking local in-person lessons, announced that it has raised $5 million in seed funding led by Bling Capital and with participation from Marketplace Capital, 20Growth, and Gokul Rajaram, and existing fund and angel investors, including 1984, Alumni Ventures; Ancestry CEO, Deb Liu; and Rover President, Brent Turner. And the company will utilize the investment to continue to enhance its platform with a particular focus on tools that improve the learning experience.

RxDiet: Food As Medicine Company Raises $3 Million

By Amit Chowdhry ● Jul 31, 2024

RxDiet, a New York-based company that is focused on Food as Medicine, announced it raised a $3 million seed funding round led by Giant Ventures, with significant participation from Better Ventures, Form Life, and several angel investors including Immad Akhund (Mercury Bank).

Trio Mobil: AI-Based Workplace Safety Company Raises $26.5 Million

By Amit Chowdhry ● Jul 30, 2024

Trio Mobil (a leading provider of AI and IoT solutions for workplace safety and efficiency) announced it has secured $26.5 million in growth financing led by NewSpring through its dedicated growth equity strategy NewSpring Growth. Existing investors 212 and TIBAS Ventures also joined in the round.

Pindrop: Voice Authentication And Security Company Raises $100 Million

By Amit Chowdhry ● Jul 30, 2024

Pindrop (a leader in voice authentication and security) announced it has secured $100 million in debt financing from Hercules Capital. This funding will enable Pindrop to develop its audio, voice further, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.

Truvian Health: Lab-Accurate Results Company Raises $74 Million

By Amit Chowdhry ● Jul 30, 2024

Truvian Health announced it is redefining the current global infrastructure through its novel platform, creating a world where central laboratory equivalent blood tests are available anywhere you go. Truvian raised $74 million in funding to be used in part to secure US Food and Drug Administration (FDA) clearance for its blood testing platform. The latest funding round was co-led by Wittington Ventures and Great Point Ventures, with strong support from existing investors, including DNS Capital, Medical Excellence Capital, Tao Capital, TYH Capital, and 7wireVentures.

EdgeRunner AI Closes $5.5 Million In Seed Funding

By Amit Chowdhry ● Jul 30, 2024

EdgeRunner AI, a new company building Generative AI for the edge, recently announced its official launch and the closing of a $5.5 million seed funding round led by Four Rivers Group with participation from Madrona Ventures and strategic angels.

Loyal: Digital Patient Engagement Company Raises $33.5 Million

By Amit Chowdhry ● Jul 30, 2024

Loyal, a healthcare technology company focused on digital patient engagement, announced it has closed on a $33.5 million Series B financing. The funding round included support from existing investors, Concord Health Partners, and multiple strategic investors.

Gcore: Cloud And AI Security Solutions Company Raises $60 Million

By Amit Chowdhry ● Jul 30, 2024

Gcore, a global edge AI, cloud, network, and security solutions provider, announced it has secured $60 million in Series A funding from institutional and strategic investors. The funding round was led by Wargaming and with participation from Constructor Capital and Han River Partners.

Powder: Fintech Company Closes $5 Million In Funding

By Amit Chowdhry ● Jul 30, 2024

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, announced that it has closed on a $5 million seed round, which will enable the company to continue scaling its technology, taking advantage of the AI boom that is rapidly transforming industries.

Rillet: Modern Accounting Platform Company Raises $13.5 Million

By Amit Chowdhry ● Jul 29, 2024

Rillet announced that it raised $13.5 million, led by First Round Capital, Creandum, and Susa Ventures with participation from incredible individual investors including Kevin Hartz (founder of Eventbrite, Xoom and investor in SpaceX, Airbnb, Palantir), the former Chief Accounting Officer of Facebook and Stripe, and the Controller at Ramp.

Reason Automation Raises Funding From Verify Ventures

By Amit Chowdhry ● Jul 29, 2024

Reason Automation - an enterprise e-commerce data technology company - announced a seed investment from Verify Ventures. Launched by a team of former Amazon vendor executives, marketers, and software engineers, Reason Automation offers a comprehensive SaaS service to help companies operating in the Amazon ecosystem manage their businesses as Amazon does.

Car Capital Technologies Raises $70 Million To Help Auto Dealerships With Financing Solutions

By Amit Chowdhry ● Jul 29, 2024

Car Capital Technologies, a partner for independent and franchise automotive dealerships seeking innovative financing solutions, announced funding commitments to continue to expand the business and further enhance origination capabilities and drive significant portfolio growth. And the company also successfully closed a senior/subordinate warehouse financing facility and secured lead equity investments from two strategic partners as part of its recently launched Series B funding round.

Chainguard: Software Security Company Raises $140 Million In Series C

By Amit Chowdhry ● Jul 29, 2024

Chainguard, a safe source for open source, announced it has completed a $140 million Series C round of funding led by Redpoint Ventures, Lightspeed Venture Partners, and IVP. This funding round brought the company’s total funding to $256 million. And existing investors, including Amplify, Mantis VC, Sequoia Capital, and Spark Capital also joined the round.

Grazzy: Digital Payments Company Secures $4 Million In Seed Funding

By Amit Chowdhry ● Jul 29, 2024

Grazzy, a digital payments platform for hospitality and service-focused businesses, announced the completion of a $4 million Seed round with participation from AZ-VC, In Revenue Capital, Iron Skillet Partners, Tuesday Capital, and Next Coast Ventures.

Addionics: Battery Technology Company Raises $39 Million In Series B

By Amit Chowdhry ● Jul 29, 2024

Addionics (a global leader in battery technology) announced a Series B funding round of $39 million. This funding round was co-led by GM Ventures and Deep Insight, with participation from Scania, along with new and returning strategic investors. And the funds will be used to bolster the company's manufacturing capabilities and advance global business engagements.

After.com: $10 Million Raised To Help Families Navigate End-Of-Life Services

By Amit Chowdhry ● Jul 29, 2024

After.com, a platform that helps families navigate end-of-life services without ever needing to step foot inside a funeral home, announced it has raised $10 million for its Series A funding round led by HIPstr (the early-stage investment arm of HighPost Capital). After.com plans to use the proceeds to enter new markets, add talent throughout the organization, and further enhance its marketing efforts to support both the pre-need and at-need business segments.