Startups

GrayMatter: AI-Based Robotics Company Raises $45 Million In Series B Funding

By Amit Chowdhry ● Jun 24, 2024

GrayMatter Robotics, an AI-based robotics leader empowering humans with intelligent automation, announced $45 million in Series B funding. Wellington Management led the funding round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

Gynger: Corporate Technology Purchasing Platform Company Raises $20 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Gynger—the first embedded financing platform for technology purchases—announced that it has raised $20 million in Series A funding, led by PayPal Ventures and with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capital.

Maxterial: Material Science Company Raises Nearly $8 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Maxterial, a technology company focused on pioneering advancements in material science, including the commercialization of advanced coatings, announced the successful closure of its Series A funding round at nearly $8 million. This milestone emphasizes Maxterial's rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic and environmentally responsible solutions.

Insightec: Focused Ultrasound Company Raises $150 Million

By Amit Chowdhry ● Jun 24, 2024

Insightec, a healthcare company dedicated to using focused ultrasound to transform patient care, announced it has raised an oversubscribed $150 million in equity financing. This round was led by Fidelity Management & Research Company and co-led by Nexus Neurotech Ventures and Ally Bridge Group.

Vehya: $2.1 Million Seed Funding Raised To Drive Innovation In The Service Industry

By Amit Chowdhry ● Jun 24, 2024

Vehya, an easy-to-use mobile app dedicated to automating the installation, repair, and routine maintenance processes for home and small business services, announced the successful completion of a $2.1 million seed funding round. And the funding will enhance the platform's AI capabilities, expand its service offerings, and accelerate growth in key markets like California, Texas, Florida, Maryland, and Michigan.

Aymium: Renewable Biocarbon Product Company Raises $50 Millino

By Amit Chowdhry ● Jun 24, 2024

Aymium, a leading producer of renewable biocarbon products, announced that it has secured IP-backed debt financing from certain affiliates of Fortress Investment Group and Kilonova Capital. This credit facility provides working capital to support Aymium's continued capacity growth, research and development, and expansion of its patent portfolio.

Entro: Non-Human Identity Security Company Raises $18 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Entro Security, a Non-Human Identity (NHI) security company and the developer of an award-winning NHI and Secrets Management platform, announced it has closed an $18 million Series A round, led by Dell Technologies Capital with the participation of seed investors Hyperwise Ventures and StageOne Ventures, and angel investors like Rakesh Loonkar and Mickey Boodaei. And Entro will use the funding to scale global operations and meet the strong demand for its platform across key industries. Entro has raised $24 million since exiting stealth last year.

Trustwise: Gen AI Performance And Risk Management Company Raises $4 Million In Seed Funding

By Amit Chowdhry ● Jun 24, 2024

Trustwise, a generative AI (Gen AI) application performance and risk management, announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. The round was led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures.

Amplify: $20 Million Series B Closed To Transform Wealth-Building With Permanent Life Insurance

By Amit Chowdhry ● Jun 24, 2024

Amplify Life Insurance, a leading digital platform transforming wealth-building through permanent life insurance, announced today it has secured $20 million in a Series B funding round co-led by Crosslink Capital and Anthemis. The new investors Moneta Ventures and Evolution Ventures joined the round, with continued support from existing investors Greycroft, Munich Re Ventures, and Foxe Capital.

Clip: Mexico-Based Digital Payments Company Raises $100 Million

By Amit Chowdhry ● Jun 24, 2024

Clip - which is Mexico's leading digital payments and commerce enablement platform - announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value (MSTV) and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.

Legato Security: MDR And MSSP Company Secures Funding

By Amit Chowdhry ● Jun 24, 2024

Legato Security, a premier Managed Detection and Response (MDR) and Managed Security Services Provider (MSSP) company based in Salt Lake City, Utah announced it has received a capital investment to support its strategic growth. The funding round was led by Level Structured Capital (an affiliate of Level Equity) and SageLink Capital.

SewerAI: Sewer Condition Assessment Company Raises $15 Million In Series B

By Amit Chowdhry ● Jun 23, 2024

SewerAI, a leader in AI and cloud-driven sewer condition assessment, announced the completion of a $15 million Series B funding round. This funding round was led by Innovius Capital, with additional funding from Emerald VC, Epic Ventures, Suffolk Technologies, Bentley Systems, Burnt Island Ventures, and notable individual investors, including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.

Hark: Voice of Customer (VoC) Platform Company Raises $3.5 Million In Seed Funding

By Amit Chowdhry ● Jun 23, 2024

Hark, a Voice of Customer (VoC) platform company, announced an oversubscribed $3.5 million seed round, led by Oceans Ventures. Converge VC, Atman Capital, Alumni Ventures, BDMI Fund, Tenzing Capital and strategic angel investors also joined the seed round.

Marigold Health: Peer Recovery Support Company Secures $11 Million In Series A

By Amit Chowdhry ● Jun 23, 2024

Marigold Health, a peer recovery innovator, announced the closing of an $11 million Series A fundraise. The funding round was led by Rock Health and Innospark Ventures with additional investment from the Commonwealth Care Alliance (CCA), Wavemaker360, Stand Together Ventures Lab, Epsilon Health Investors, Koa Labs, VNS Health Plan and KdT Ventures.

Zencity: Government Technology Company Secures $40 Million In Series C Funding

By Amit Chowdhry ● Jun 23, 2024

Zencity, a leading community engagement platform for local governments that features 8 in 10 of America’s largest cities among its customers, announced a $40 million Series C investment led by StepStone Group, with participation from existing investors TLV Partners. This brings the company's total raised to $91 million and represents a meaningful increase in valuation from its previous fundraise.

Iambic Therapeutics: $50 Million Closed To Develop Novel Therapeutics With AI-Driven Discovery

By Amit Chowdhry ● Jun 23, 2024

Iambic Therapeutics, a clinical-stage biotechnology company developing novel therapeutics utilizing a unique AI-driven discovery platform, announced the closing of an oversubscribed $50 million extension to its Series B financing. The Series B extension was led by new investors Mubadala Capital and Exor Ventures, with participation from Qatar Investment Authority (QIA), and existing investors Abingworth, Illumina Ventures, Nexus Venture Partners, Coatue, and Tao Capital Partners.

SurrealDB: Multi-Model Database Company Raises $20 Million

By Amit Chowdhry ● Jun 23, 2024

Multi-model database company SurrealDB announced it raised $20 million in funding, led by FirstMark and Georgian and with participation from Crew Capital and Alumni Ventures. This round brought SurrealDB's total to $26 million.

RedSail Technologies Raises Strategic Growth Investment From LGP

By Amit Chowdhry ● Jun 23, 2024

RedSail Technologies, a premier pharmacy technology and solutions provider, announced a strategic growth investment from Leonard Green & Partners (LGP). In connection with the deal, Francisco Partners (FP) - which created RedSail by combining two separate divisional carve-outs in 2020 - will also reinvest in the company along with management.

VLogic Systems: Strategic Growth Funding Raised From Northrim Horizon

By Amit Chowdhry ● Jun 23, 2024

VLogic Systems, a leading cloud-based integrated workplace management (IWMS) and Connected Portfolio Intelligence Platform (CPIP) SaaS provider announced that Northrim Horizon had made a strategic growth investment in the high-growth IWMS and CPIP provider.

Auxilius: Clinical Trial Financial Management Company Raises $10 Million

By Amit Chowdhry ● Jun 23, 2024

Auxilius - which is the first Clinical Trial Financial Management (CTFM) software that enables life science finance, accounting, and clinical operations teams to automate accounting workflows and improve clinical R&D forecast accuracy - announced it has raised $10 million in additional financing, led by SignalFire.

HarperDB: Significant Growth Investment Raised From Serent Capital

By Amit Chowdhry ● Jun 22, 2024

HarperDB, a distributed systems platform that combines database, caching, application, and streaming functions into a single technology for improving performance and lower cost for global backend services, announced a significant growth investment from Serent Capital.

Tinybird: Real-Time Data Platform Company Raises $30 Million In Series B

By Amit Chowdhry ● Jun 21, 2024

Tinybird, a real-time data platform for data and engineering teams, announced that it has raised $30 million in a Series B funding round led by Balderton Capital. Existing investors, including CRV and Singular Ventures, also participated in the round. This new funding round will accelerate Tinybird’s growth, enhance its product offerings, and expand its global footprint.

GPTZero: AI-Based Content Detection Company Raises $10 Million In Series A

By Amit Chowdhry ● Jun 21, 2024

GPTZero, a leading platform for AI-generated content detection and responsible AI adoption, announced it had raised $10 million in Series A funding led by Footwork VC with participation from Reach Capital, Uncork, Neo, Alt Capital, and the former CEOs of Reuters and The New York Times.

Koda Health: Seed+ Funding Round Raised To Expand Care Planning Platform

By Amit Chowdhry ● Jun 21, 2024

Koda Health, a leader in digital Advance Care Planning, announced the successful oversubscription of its Seed+ funding round. This funding round was led by Ecliptic Capital, with strategic investment from Memorial Hermann Health System, AARP, and the Texas Medical Center (TMC) Venture Fund, emphasizing the healthcare community's belief in Koda's mission, technology, and impact on patient care.

Aepnus Technology: Electrochemical Platform Company Raises $8 Million In Seed Funding

By Amit Chowdhry ● Jun 21, 2024

Aepnus Technology, a developer of an electrochemical platform to improve circularity and reduce emissions in battery supply chain chemicals, announced it raised $8 million in seed financing to accelerate the production of its novel end-to-end sodium sulfate recycling technology. Clean Energy Ventures led the funding round, which also included Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Gravity Climate Fund.

Kardium: Atrial Fibrillation Treatment Company Raises $104 Million

By Amit Chowdhry ● Jun 21, 2024

Kardium, the developer of the Globe Mapping and Ablation System for the treatment of atrial fibrillation, has raised $104 million in a new financing round. This funding round is led by existing investor Fidelity Management & Research Company, with follow-on participation by funds and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management and new investor Durable Capital Partners LP.

FirmPilot: $7 Million Raised To Provide Law Firms With AI-Driven Marketing

By Amit Chowdhry ● Jun 20, 2024

FirmPilot, an AI marketing engine for law firms, announced it had closed $7 million in funding to help services-based SMBs increase revenues with AI-driven digital marketing. Blumberg Capital led FirmPilot’s latest Series A round, with participation from new and existing investors Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital.

Daydream: $50 Million Seed Round Raised To Change How People Shop Online

By Amit Chowdhry ● Jun 20, 2024

E-commerce tech and retail veteran Julie Bornstein and co-founders Matt Fisher, Dan Cary, Lisa Green, and Richard Kim announced today they raised a $50 million seed round co-led by Forerunner Ventures and Index Ventures with participation from GV (Google Ventures) and True Ventures to launch Daydream. This new AI-powered platform will change the way people shop online.

Aidentified: AI-Based Financial Services Prospecting Company Raises $12.5 Million In Series B

By Amit Chowdhry ● Jun 20, 2024

Aidentified, a leading AI-powered prospecting and relationship intelligence platform for financial services professionals, announced that it has raised $12.5 million in Series B funding from FactSet, a global financial digital platform and enterprise solutions provider.

Grayce: Social Care Platform Company Closes $10.4 Million In Series A Funding

By Amit Chowdhry ● Jun 20, 2024

Grayce, a comprehensive social care platform for families, announced that it had raised $10.4 million in Series A funding. The funding round was led by Maveron with participation from BBG Ventures, Correlation Ventures, GingerBread Capital, Alumni Ventures, Visible Ventures, Gaingels, and What If Ventures. And with this new funding, Grayce will scale its innovative platform to enhance its employer solution and member experience as well as enter the payer market.