Startups

Ashby: $30 Million Raised To Help Companies Scale Hiring Processes

By Amit Chowdhry ● Jun 12, 2024

Ashby, a recruiting platform that helps companies efficiently scale hiring, announced it has raised an additional $30 million in equity financing. Lachy Groom, who also led Ashby's seed round, led the Series C funding round, which included participation from Elad Gil, F-Prime, Y Combinator, and existing Ashby customers. So far, the company has raised roughly $70 million.

Tobiko Data: $4.5 Million Raised To Invest In Open Source Projects SQLMesh And SQLGlot

By Amit Chowdhry ● Jun 12, 2024

Data infrastructure company Tobiko Data announced that it has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. And Tomasz Tunguz (founder of Theory Ventures) will join the Board as part of the investment. This brings the company’s total funding raised to $21.8 million.

Dive: Particle-Based Simulation Company Raises $10 Million

By Amit Chowdhry ● Jun 12, 2024

Berlin-based Dive Engineering Software, a pioneering cloud-native and particle-based simulation software company, announced it raised a $10 million Series A led by the D. E. Shaw group to elevate how manufacturing enterprises engineer products through fluid simulation. Additional investors included First Momentum Ventures, Segenia Capital, and Senovo Capital.

WindBorne Systems: $15 Million Raised To Scale Balloon Constellation

By Amit Chowdhry ● Jun 12, 2024

Atmospheric sensing system company WindBorne Systems announced $15 million in Series A funding led by Khosla Ventures, which will take a board seat. And existing investors Footwork VC, Pear VC, and Convective Capital also joined the round.

AcuityMD: $45 Million Raised To Advance Commercial Intelligence Platform For Medical Technology Manufacturers

By Amit Chowdhry ● Jun 12, 2024

AcuityMD announced $45 million in new funding to expand its commercial intelligence platform and advance the company’s mission of accelerating the adoption of medical technology (MedTech). The Series B round was led by ICONIQ Growth, with additional participation from Atreides Management and Stepstone Group and existing investors Redpoint Ventures, Benchmark Capital, and Artisanal Ventures.

Axena Health: Female Pelvic Health Company Secures Over $9 Million

By Amit Chowdhry ● Jun 12, 2024

Axena Health, a medical device company emphasizing female pelvic health, announced it has closed on an additional $9.4 million in its Series A fundraising. Cross-Border Impact Ventures (CBIV) co-invested along with existing investors AXA IM Alts through its Global Healthcare Private Equity Strategy, KOFA Healthcare, and Avestria Ventures.

Neural Concept: Engineering AI Platform Company Closes $27 Million In Funding

By Amit Chowdhry ● Jun 12, 2024

Neural Concept, a leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, announced that it has raised $27 million in a Series B funding round. The funding round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating.

Fizz: $14.4 Million Secured To Provide Young People With Debit Cards

By Amit Chowdhry ● Jun 12, 2024

Fizz has announced it has raised a $14.4 million Series Seed round to provide young people with a debit card that helps them avoid overspending. The funding was led by Kleiner Perkins, with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.

Doowii: $4.1 Million Raised To Build Data Analytics Solutions For Educators

By Amit Chowdhry ● Jun 12, 2024

Doowii, a provider of AI-driven data analytics solutions for educators, announced the successful closure of its latest fundraising round, securing $4.1 million in investments. This funding round included participation from prominent institutional investors, including GSV Ventures, Better Ventures, Avesta Fund, Imagine Learning Ventures, Strada Education Foundation, Reach Capital, and Common Sense Growth Fund.

Bem: AI Data Interface Company Raises $3.7 Million

By Amit Chowdhry ● Jun 12, 2024

Bem, an AI data interface company building an advanced and easy-to-use platform that functions as a universal communication protocol, announced it raised $3.7 million in seed funding. Uncork Capital led the round, which included participation from Kevin Mahaffey, Roar Ventures, and renowned angel investors, including Garry Tan.

Aymium: $210 Million Raised To Finance Construction Of Biocarbon Production Facility In California

By Amit Chowdhry ● Jun 12, 2024

Aymium - a leading producer of renewable biocarbon products - closed $210 million of financing to construct a biocarbon production facility in Williams, California. This facility will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation worldwide.

Texas Woman’s University Launches Virtual Training For Startups

By Amit Chowdhry ● Jun 12, 2024

The Jane Nelson Institute for Women’s Leadership’s Center for Women Entrepreneurs (CWE) at Texas Woman’s University launched a virtual training program to help early-stage entrepreneurs to start this businesses. The CWE is now accepting applications for the CWE Virtual Accelerator.

PostPilot Raises Strategic Funding From Summit Partners And Klaviyo Founders

By Amit Chowdhry ● Jun 12, 2024

Direct-mail marketing company PostPilot announced a strategic investment from global growth equity firm Summit Partners, with participation from Klaviyo founders Andrew Bialecki and Ed Hallen.

Anterior: $20 Million Raised To Drive Healthcare Administrative Efficiencies

By Amit Chowdhry ● Jun 12, 2024

Anterior (previously named Co:Helm), an AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. This funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo.

iPiD: Payee Verification Company Raises $5.3 Million In Pre-Seed Funding

By Amit Chowdhry ● Jun 12, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it had secured $5.3 million in a pre-Series A funding round. This oversubscribed funding round was led by Monk’s Hill Ventures. They are joined by global fintech venture funds QED Investors and Quona Capital, along with existing partners Jungle Ventures, 1982 Ventures, Saison Capital, and Resolution Ventures.

OnStation: $8.5 Million Raised To Advance Digital Stationing Solutions For Heavy Highway Industry

By Amit Chowdhry ● Jun 12, 2024

OnStation, a leading provider of digital stationing solutions for the heavy highway industry, announced the closing of its $8.5 million Series A round. The funding round was led by JumpStart Ventures (NEXT II Fund) and included participation from VisionTech Partners, Frontier Angels, Up2 Opportunity Fund, JobsOhio Growth Capital Fund, Next Chapter Ventures, North Coast Ventures, New Dominion Angels, and other angel investors.

Nexus: Zero-Knowledge Proofs Cryptography Company Raises $25 Million

By Amit Chowdhry ● Jun 12, 2024

Nexus Laboratories, a zero-knowledge cryptography company, announced it raised $25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital. This funding round included participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Whoosh: Advanced Club Operations Platform Raises $10.3 Million

By Amit Chowdhry ● Jun 12, 2024

Whoosh, an advanced club operations software solution, announced the closing of its $10.3 million Series A funding round, led by AlleyCorp. And additional institutional investors participating in the round include 8VC, Alaris Capital, Bienville, Craft Ventures, Eberg Capital, Operator Partners, and Raptor Group.

HYPR: Identity Assurance Company Raises $30 Million

By Amit Chowdhry ● Jun 12, 2024

Identity Assurance Company HYPR announced a $30 million investment from Silver Lake Waterman to accelerate technological advancements and combat the rising threat of generative AI-driven credential-based attacks.

Relay: $35 Million Secured To Improve Productivity For Frontline Teams

By Amit Chowdhry ● Jun 12, 2024

Relay, a cloud-based communications platform designed to improve productivity and safety for frontline teams, announced $35 million in Series B funding. G2 Venture Partners led the round, which included participation from existing investors Wind River Ventures and Sovereign's Capital.

Kardium: $104 Million Raised To Help Treat Atrial Fibrillation

By Amit Chowdhry ● Jun 11, 2024

Kardium, the developer of the Globe Mapping and Ablation System for the treatment of atrial fibrillation, announced it has raised $104 million in a new funding round. This funding round is led by existing investor Fidelity Management & Research Company, together 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.

Cube: $25 Million Raised To Help Companies Manage And Optimize Analytics Workflows

By Amit Chowdhry ● Jun 11, 2024

Cube, the provider of the universal semantic layer for every data app, announced it completed a $25 million funding round with new investor Databricks Ventures and was joined by all the previous investors, including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. And 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube's Board of Directors.

Cognigy: AI-Based Customer Service Automation Company Raises $100 Million

By Amit Chowdhry ● Jun 11, 2024

Cognigy, a leader in AI-first customer service automation, announced that it has raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors Insight Partners, DTCP, DN Capital, and others. The new funding round will accelerate Cognigy’s mission to deliver AI-first customer service at scale.

Keragon: AI-Based HIPAA-Compliant Automation Platform Raises $3 Million

By Amit Chowdhry ● Jun 11, 2024

Keragon, an AI-based HIPAA-compliant automation platform for healthcare, officially launched out of stealth and revealed that it raised $3 million in pre-seed funding. The pre-seed funding round was co-led by Focal and Afore, followed by 25 Madison Health - Lifepoint Health.

M^0: Decentralized Cryptodollar Infrastructure Company Raises $35 Million

By Amit Chowdhry ● Jun 11, 2024

M^0, a decentralized infrastructure layer for the issuance of crypto dollar assets, announced a Series A fundraising totaling $35 million in connection with the deployment of the M^0 core protocol and on-chain governance mechanism on Ethereum Mainnet. The Series A funding round was led by Bain Capital Crypto (Bain Capital’s crypto investment platform).

Mistral AI: €600 Million Raised At About A €6 Billion Valuation

By Amit Chowdhry ● Jun 11, 2024

Mistral AI, a Paris-based open and portable generative AI service for developers and businesses, announced it has raised €600 million in a Series B funding round. General Catalyst led the round, which also included Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas, Nvidia, Salesforce, Samsung, and IBM. The valuation of the company is now estimated to be about €6 billion.

Brightwave: AI-Based Financial Research Assistant Company Raises $6 Million

By Amit Chowdhry ● Jun 11, 2024

Brightwave, an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject, today announced $6 million in seed funding. This funding round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn.

Jump: Financial Advisor AI Platform Company Raises $4.6 Million

By Amit Chowdhry ● Jun 10, 2024

Jump, an AI software platform for financial advisors, announced today that it has raised $4.6 million in funding led by Sorenson Capital with participation from Pelion Venture Partners and strategic angel investors.

Permira: Substantial Investment In PharmaCord Revealed

By Amit Chowdhry ● Jun 10, 2024

Global investment firm Permira and PharmaCord, a leading provider of patient services for the pharmaceutical industry, announced that a company backed by the Permira funds has signed a definitive agreement to make a substantial investment in PharmaCord.

Sware: Life Sciences Software Validation Solution Company Raises $6 Million

By Amit Chowdhry ● Jun 10, 2024

Sware, a provider of the most complete software validation solution for innovative life sciences companies, announced that it raised $6 million in Series B funding, bringing its total raised since inception to $26 million. This funding round was led by First Analysis, which joins a syndicate of existing investors that includes LRVHealth, New Stack Ventures, and Insight Partners.