Startups

cylib: Sustainable Battery Recycling Company Secures €55 Million

By Amit Chowdhry ● May 16, 2024

Sustainable end-to-end battery recycling firm cylib announced the completion of its €55 million Series A funding round in equity financing. The funding round, which is the largest round ever raised by a European battery recycling company, was completed less than two years after the company started operations. cylib will utilize the funding to power the industrialization of its proprietary technology, which is already used by leading OEMs and battery manufacturers, by scaling up its operations at an already-secured brownfield industrial facility in Germany.

Firmus: Pre-Construction AI Design Review And Risk Analysis Company Raises Funding

By Amit Chowdhry ● May 16, 2024

Firmus, a market leader in pre-construction AI design review and risk analysis, announced it closed on several million dollars in additional funding. The funding will facilitate Firmus' commitment to revolutionizing the industry's approach to pre-construction. Navitas Capital led the funding round, which included Heartland Ventures, PiLabs, and Unorthodox Ventures.

Opmed.ai: AI-Based Healthcare Optimization Platform Company Raises $15 Million

By Amit Chowdhry ● May 16, 2024

Opmed.ai, the AI optimization platform for healthcare, announced the successful funding of $15 million in Series A funding. The funding round was co-led by NFX and Grove Ventures, with Secret Chord Ventures, the Impact investor Sir Ronald Cohen, and Unbox Ventures also participating.

Cover Genius: Embedded Protection Insurtech Company Raises $80 Million

By Amit Chowdhry ● May 16, 2024

Cover Genius - a leading insurtech for embedded protection - announced an $80 million Series E funding round. The funding round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.

OverT Bio: $16 Million Raised To Unlock The Potential Of Cell Therapies In Solid Tumors

By Amit Chowdhry ● May 16, 2024

OverT Bio (a data-driven company working to unlock the curative potential of cell therapies in solid tumors) has raised $16 million in seed funding. This funding round was co-led by ARTIS Ventures and Wing VC, with participation from Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and Cancer Research Institute. This funding round will expand discovery platforms focused on addressing the primary barriers for cell therapy, leading to durable and curative treatments for advanced solid tumors.

Alphastream Raises Seed Round To Drive Private Credit Market Expansion

By Amit Chowdhry ● May 15, 2024

Alphastream, a pioneer in private credit analysis, announced a seed round from Motive Ventures. The company also expanded its leadership team. This advancement marks a major step in Alphastream's goal to reshape the private credit market landscape.

Starshot Capital: $35 Million Fund Launched To Invest In Climate Companies

By Amit Chowdhry ● May 15, 2024

Starshot Capital, a VC firm focused on finding and supporting high-impact companies in underinvested climate sectors, announced the launch of Starshot Fund I (a $35 million fund for companies working toward ambitious decarbonization goals).

Greenboard: Compliance And Operations Software Company Closes $4.5 Million

By Amit Chowdhry ● May 15, 2024

Greenboard, a new compliance and operations software company for financial services, announced that the company has completed a $4.5 million Series Seed funding round led by Base 10 Partners, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and more.

Gausium: Autonomous Cleaning Solutions Company Secures $50 Million

By Amit Chowdhry ● May 15, 2024

Gausium, a leading company of autonomous cleaning solutions, announced it has raised a cumulative Series D funding round at $50 million.

Data Zoo: Identity Verification Solutions Company Raises $22.7 Million

By Amit Chowdhry ● May 15, 2024

Data Zoo, a leading global identity verification solutions provider, announced approximately $22.7 million (AU$35 million) in Series A funding from Ellerston JAADE (an Ellerston Capital fund). The funding round will help Data Zoo drive the adoption and innovation of its identity verification software. It provides direct access to authoritative data from 170+ countries, features advanced data sequencing to improve efficiency and maximize conversions, and prioritizes data protection and privacy by eliminating identity data storage.

Cross-Border Impact Ventures: Investing In Transformative Health Companies To Meet The Needs Of Women And Children

By Amit Chowdhry ● May 14, 2024

Cross-Border Impact Ventures (CBIV) is on a mission to be the preferred investor for transformative health technology companies with the potential of meeting the needs of women, children and adolescents across global markets. Pulse 2.0 interviewed Cross Border Impact Ventures managing partner Annie Thériault to learn more about the firm.

Harness: Modern Software Delivery Company Raises $150 Million

By Amit Chowdhry ● May 14, 2024

Harness, a Modern Software Delivery Platform company, announced $150 million in financing from Silicon Valley Bank (SVB) - a division of First Citizens Bank and Hercules Capital. This investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and additional investments in the company's go-to-market engine.

TXOne Networks: Cyber-Physical Systems Company Raises $51 Million

By Amit Chowdhry ● May 14, 2024

TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, announced a significant achievement of securing $51 million in its Series B extension round of funding. Along with TGVest Capital (the lead investor of the B round), Pegatron Group, CDIB Capital Group and CDIB-Innolux II L.P. are continuing to invest. The new investors include the Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P. (AVITIC) - a joint fund of Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corporation).

XTEND: Human-Guided Autonomous Machine Systems Company Closes $40 Million

By Amit Chowdhry ● May 14, 2024

XTEND, the company behind XOS (an AI-driven operating system transforming the way humans interact with drones and robots) announced a $40 million Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech.

Sift Healthcare: AI-Based Health Payment Solutions Company Raises $20 Million

By Amit Chowdhry ● May 14, 2024

Sift Healthcare, an AI-powered healthcare payment solutions innovator, announced it raised a $20 million Series B funding round. Led by B Capital, with continued support from existing investors, including Allos Ventures, First Trust Capital Partners and Rock River Capital, Sift will use this funding to prioritize team expansion and technology investments in artificial intelligence as the Company grows its industry-first Payments Intelligence Platform.

Monitaur: Model Governance Company Raises $6 Million

By Amit Chowdhry ● May 14, 2024

Monitaur, a sophisticated model governance software company for highly regulated companies and their partners, announced closing a $6 million Series A funding round led by Cultivation Capital, with participation from Rockmont Partners and others, including Defy VC, Techstars, and Studio VC. This funding will enable Monitaur to accelerate its growth and add talent across functions.

Crosby Health Raises $2.2 Million And Launches Clinical LLM Apollo

By Amit Chowdhry ● May 14, 2024

Crosby Health, a health tech company developing proprietary AI to automate administrative tasks, announced the launching of its clinical large language model (LLM) Apollo today. The company also revealed it raised $2.2 million in pre-seed funding led by Amplo Ventures and with participation from NOMO Ventures and angel investors.