Startups

Flightkeys: Strategic Growth Investment Raised From Insight Partners

By Amit Chowdhry ● Sep 26, 2024

Flightkeys Group - a cloud-based flight planning and optimization software built specifically for the most innovative global airlines - announced a strategic growth investment from global software investor Insight Partners.

Akur8: Machine Learning-Powered Insurance Company Raises $120 Million (Series C)

By Amit Chowdhry ● Sep 26, 2024

Akur8, a machine learning-powered insurance pricing and reserving platform, announced that it has secured $120 million in series C funding, bringing the total raised investment to $180 million. This latest funding round was led by One Peak, with participation from Partners Group and historical investor Guidewire Software. This new funding round will significantly support Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.

Datamaran: Software Analytics Platform Company Secures $33 Million (Series C)

By Amit Chowdhry ● Sep 26, 2024

Datamaran announced the completion of $33 million in Series-C financing from investment funds managed by Morgan Stanley Expansion Capital, validating its global leadership in the ESG software market. And the proceeds will be used to accelerate growth in the U.S and Europe and further advance initiatives in generative AI.

Element Security: $5 Million Raised To Develop Proprietary Exploit Engine

By Amit Chowdhry ● Sep 25, 2024

Element Security is an innovative Israeli cybersecurity startup that has emerged from stealth mode after two and a half years to unveil its advanced Continuous Threat Exposure Management (CTEM) solution. Element Security announced it raised $5 million in funding from senior investors, including the Q Fund VC, Eddy Shalev, Danny Yamin (former CEO of Microsoft Israel), and Kobi Rosengarten (former General Partner at JVP).

Aclima Raises $13 Million Debt Investment From Leonid Capital Partners

By Amit Chowdhry ● Sep 25, 2024

Leonid Capital Partners, a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it is providing a $13 million term loan to Aclima, a San Francisco-based climate-tech company that has developed a software and hardware solution for hyperlocal measurement and analysis of air pollution, toxics, and greenhouse gasses (GHG).

PictorLabs: UCLA Virtual Staining Technology Spin Out Secures $30 Million (Series B)

By Amit Chowdhry ● Sep 25, 2024

PictorLabs, a software company transforming histopathology with AI-based virtual staining, announced the successful completion of its $30 million Series B funding round. This funding round was led by global software investor Insight Partners, with continued participation from M Ventures, the venture capital arm of Merck KGaA, Darmstadt, Germany, which had previously led PictorLabs' Series A round.

Knit: $9 Million Raised For Streamlining The Consumer Research Process

By Amit Chowdhry ● Sep 25, 2024

Knit, a platform dedicated to streamlining the consumer research process using AI, announced the closing of a $9 million funding round and partnerships with brands like T-Mobile, NASCAR, the WNBA, Mars Wrigley, Overtime, and JBL. The funding round was led by Revolutions's Rise of the Rest Seed Fund, with participation from new investors Osage Venture Partners, GFT Ventures, Visible Ventures, and Massive Ventures and existing investors Silicon Road Ventures, Felton Group, and Alumni Ventures.

Arya Health: Healthcare Workforce Automation Company Raises $4 Million (Seed)

By Amit Chowdhry ● Sep 25, 2024

Healthcare workforce automation platform Arya Health announced it closed $4 million in seed funding, led by Twelve Below. Other investors in this funding round include Nebular and existing investors Oceans and Ridge.

Oak Essentials: Inaugural Growth Investment Raised From Silas Capital And Unilever Ventures

By Amit Chowdhry ● Sep 25, 2024

Oak Essentials, a natural skincare brand founded by Jenni Kayne, announced it has secured a first round of dual funding from Silas Capital and Unilever Ventures to fuel its expansion. The funding will enable enhanced product development, increased marketing efforts, and broader distribution.

PCI Pharma Services Investing Over $365 Million To Support Drug-Device Commercialization

By Amit Chowdhry ● Sep 25, 2024

PCI Pharma Services (PCI), a leading global contract development and manufacturing organization (CDMO) focused on biopharma’s most complex therapies, announced it is investing over $365 million in infrastructure supporting the clinical and commercial-scale final assembly and packaging of drug-device combination products utilizing advanced drug delivery systems, with an emphasis on injectable formats. The effort is part of PCI’s global investment plan, anchored and funded by recent new business featuring new and expanded facilities in Europe and North America. It is designed to augment and accommodate future growth.

Orpyx: Diabetic Care Company Raises $20 Million In Growth Capital

By Amit Chowdhry ● Sep 25, 2024

Orpyx Medical Technologies, a leader in diabetic foot ulcer (DFU) and amputation prevention, announced the completion of an additional $20 million in growth capital led by Perceptive Advisors (Perceptive).

Metabase Q: $11 Million (Series A Extension) Raised To Help Reduce Cybersecurity Risks

By Amit Chowdhry ● Sep 25, 2024

Metabase Q, an IT cybersecurity management company, announced $11 million extension Series A round. SYN Ventures (a VC firm focused on investing in innovative security companies) led both A rounds and John Watters, former president and COO of Mandiant, an independent board director of Metabase Q, participated in both.

DeepLook Medical: Medical Imaging Company Raises Series A

By Amit Chowdhry ● Sep 25, 2024

DeepLook Medical - a healthtech company specializing in visual enhancement technology for advanced medical imaging - announced it marked the 11th investment in Xcellerant VC Fund 1. Michael Shufeldt, MBA, Principal at Xcellerant Ventures, will join the board.

Mesa: Homeowner Membership Company Raises $9.2 Million (Seed)

By Amit Chowdhry ● Sep 25, 2024

Homeowner membership platform Mesa announced it exited stealth with $9.2 million in seed funding. This $7.2 million seed funding was led by Streamlined Ventures with Starting Line, Assurant Ventures, Vera Equity, Redwood Trust Horizons, Clocktower Ventures, and several other firms and strategic investors participating. Mesa also received an additional $2 million in venture debt from Silicon Valley Bank (SVB), a division of First Citizens Bank.

Picus Security: Security Validation Company Raises $45 Million

By Amit Chowdhry ● Sep 25, 2024

Security validation company Picus Security announced it closed a $45 million growth investment round led by Riverwood Capital with the participation of existing investor Earlybird Digital East Fund, bringing Picus’ total funds raised to $80 million. Picus has 500+ enterprise customers worldwide today, and this latest investment will advance Picus’ continued product innovation and expand customer success, sales, and marketing.

Cercle: $6 Million (Seed) Secured To Advance Women’s Healthcare

By Amit Chowdhry ● Sep 25, 2024

Cercle, an AI-based company that unlocks women’s healthcare data at scale into insights for optimal patient and business outcomes, announced it has raised $6 million in seed funding. This funding was led by Outsiders Fund (an early-stage VC firm). And additional investments were made by FemHealth Ventures, CGHealth Ventures, and Rogue Women’s Fund. They join existing investors Sheryl Sandberg and Tom Bernthal’s SBVP fund, and several individual angel investors.

Campfire Interactive: $37 Million Majority Investment From Invictus Growth Partners Raised

By Amit Chowdhry ● Sep 25, 2024

Campfire Interactive - a leading provider of enterprise software solutions for manufacturing companies and automotive suppliers - announced it has secured a $37 million majority investment from Invictus Growth Partners. This funding marks a major milestone for Campfire and will support its continued growth, accelerate product innovation, and expand its market reach.

Hotel Engine: Travel Technology Company Raises $140 Million At $2.1 Billion Valuation

By Amit Chowdhry ● Sep 25, 2024

Denver-based travel technology company Hotel Engine announced a $140 million Series C growth investment led by Permira Growth Opportunities II, a fund advised by global private equity firm Permira.

Letta: UC Berkeley GenAI Spin Out Raises $10 Million (Seed)

By Amit Chowdhry ● Sep 24, 2024

Letta, a new GenAI startup spun out of UC Berkeley's AI research lab, has emerged from stealth with a $10 million seed round led by Felicis with participation from Sunflower Capital and Essence VC. And notable angels include Jeff Dean (Chief Scientist at Google DeepMind), Clem Delangue (CEO of HuggingFace), Cristobal Valenzuela (CEO of Runway), Jordan Tigani (CEO of MotherDuck), Tristan Handy (CEO of dbt Labs), Robert Nishihara (co-founder of Anyscale), and Barry McCardel (CEO of Hex).

Meridian: Decentralized Liquidity Marketplace Secures $4 Million

By Amit Chowdhry ● Sep 24, 2024

Meridian - a decentralized liquidity marketplace and liquid staking protocol built on Movement - announced it has raised $4 million in seed funding. The funding round, co-led by ParaFi Capital and Borderless Capital, saw participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. And Meridian aims to spearhead the Move-based DeFi ecosystem on Movement, a network of blockchains created by Movement Labs.

Crosshatch: Personalization Identity Layer Company Secures $2.7 Million

By Amit Chowdhry ● Sep 24, 2024

Crosshatch - an identity layer for personalization - announced its platform's public beta launch and an initial fundraising round of $2.7 million. And Crosshatch enables users to bring their data and context directly into apps, unlocking hyper-personalized experiences without compromising data control.

HavocAI: End-To-End Maritime Autonomy Solutions Company Raises $11 Million

By Amit Chowdhry ● Sep 24, 2024

Trousdale Ventures and Scout Ventures have co-led a $11 million investment round in HavocAI, a developer of low-cost, collaborative, autonomous surface vessels. And HavocAI's fleet of uncrewed boats represents a game-changing solution, with capabilities delivered at incredibly low costs in an era where threats to global shipping and security intensify daily.

Baseload Capital: €53 Million (Series B) Closed For Advancing Geothermal Energy Platform

By Amit Chowdhry ● Sep 24, 2024

Baseload Capital, a Swedish company scaling up geothermal energy worldwide, announced the closing of its €53 million Series B round of funding.

DELLI: Food And Drink Platform Company Secures $6 Million (Seed Extension)

By Amit Chowdhry ● Sep 24, 2024

DELLI, an online platform for independent food and drink, announced a $6 million seed extension to capitalize on recent momentum. Launched by Depop alumni Marie Petrovicka and Simon Beckerman, DELLI has seen 16 times growth in sales since last year. Offering thousands of new products and hundreds of thousands of items sold, customers doubled their basket size on the platform and returned twice as often.

Jus Mundi: $22 Million (Series B) Raised And Jus AI Launched

By Amit Chowdhry ● Sep 24, 2024

Global legal AI company Jus Mund announced the launch of Jus AI, its research and productivity assistant for global legal professionals. The company has also secured €20 million (US $22 million) in Series B funding, one of the largest rounds of funding for a European legal tech company.

DefectDojo: $7 Million Raised For Scaling AppSec Innovation

By Amit Chowdhry ● Sep 24, 2024

DefectDojo, a pioneer in scalable application security, announced a $7 million funding round to respond to demand and accelerate its mission of connecting security strategy with execution for smarter risk management. This latest funding round, led by Iolar Ventures and Aspenwood Ventures, will drive innovation, product development, and market expansion.

Datricks: AI-Based Compliance Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Sep 24, 2024

Datricks, a pioneering financial integrity platform, announced $15 million in Series A funding led by Team8’s venture capital arm. And SAP, the global leader in enterprise resource planning (ERP) software, made a strategic investment in the round, along with participation from existing investor Jerusalem Venture Partners. This funding round follows Datricks' recent expansion of its commercial partnership with SAP, which included the launch of Datricks for Risk Mining as an SAP Endorsed App.

Koltin: Mexican Senior Healthcare And Insurance Company Secures $7.3 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Koltin, which is the first company in Mexico to offer private health insurance coverage to seniors, announced the closing of a $7.3 million Series A funding round led by Left Lane Capital. This funding round, which includes participation from previous investors, will fuel Koltin's mission to improve the health and financial resilience of aging Mexicans and their families.

Twelve: Carbon Transformation Company Raises $645 Million

By Amit Chowdhry ● Sep 23, 2024

Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, announced $645 million in funding. This funding is based on a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C funding, and an additional $45 million in credit facilities from leading funders in the renewable energy sector marking this as one of the largest financing rounds to date in the e-fuels space.

Canopie: Prevention-Focused Maternal Health Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Sep 23, 2024

Canopie—a prevention-focused maternal health company—announced it has raised a $3.7 million seed funding round, co-led by Beta Boom and Aeroflow Health. Additional investors include the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. These funds will be used to expand personalized, virtual mental health care covered by insurance and address social drivers of health (SDoH) for moms across all levels of risk in the US.