Startups

AiDash: $58.5 Million Raised To Make Infrastructure Industries Climate-Resilient

By Amit Chowdhry ● May 3, 2024

AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, announced the official closing of its Series C funding round at $58.5 million. The company’s Series C funding round (initially at $50 million) was oversubscribed and drew in additional investors, including leading private equity firm Lightsmith Group, and Japanese conglomerate Marubeni Corporation. This brings the company’s total funding raised to date to $91.5 million.

Ansa: Merchant Transaction Solutions Company Raises $14 Million

By Amit Chowdhry ● May 3, 2024

Ansa, a fintech infrastructure solution enabling merchants to launch branded customer wallets, announced a $14 million Series A funding round. This funding round was led by Renegade Partners with participation from Bain Capital Ventures, B37 Ventures, Box Group, and Wischoff Ventures.

beehiiv: Email Newsletter Company Secures $33 Million

By Amit Chowdhry ● May 3, 2024

Beehiiv, a rapidly growing email newsletter platform, announced a $33 million Series B round led by NEA and participating investors including Sapphire Sport. The company had previously raised $12.5 million in a Series A fundraise last June, led by Lightspeed Venture Partners, who also participated in the Series B.

Qlaris Bio: $24 Million Raised To Target Unmet Needs In Debilitating Ophthalmic Diseases

By Amit Chowdhry ● May 3, 2024

Qlaris Bio, a clinical-stage biotechnology company targeting unmet needs in debilitating ophthalmic diseases, announced that it has closed $24 million in Series B. The funding round was co-led by Canaan and New Leaf Venture Partners. The financing also included new participation from funds managed by abrdn, and existing investors Mayo Clinic Ventures and Correlation Ventures.

Island: Enterprise Browser Company Raises $175 Million And $3 Billion Valuation

By Amit Chowdhry ● May 3, 2024

Enterprise browser company Island announced a $175 million Series D funding round. This new round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. This funding round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors.

Apptega: Cybersecurity Compliance Platform Company Raises $15 Million

By Amit Chowdhry ● May 3, 2024

Apptega, an end-to-end cybersecurity compliance platform company, announced it has raised $15 million in growth capital, including third-party debt and growth equity from Mainsail Partners. This funding will go toward development of its continuous security and compliance platform, which is among few purpose-built for service providers such as MSSPs and MDR companies.

Trovo Health: $15 Million Raised To Enable Healthcare Providers To Extend Services

By Amit Chowdhry ● May 3, 2024

Trovo Health announced that it is launching with a $15 million fundraise led by Oak HC/FT. Trovo uses an AI-powered platform backed by a multidisciplinary care team to help providers extend their capabilities. In connection with the funding, Andrew Adams, co-founder and managing partner at Oak HC/FT, will join the board of directors at Trovo Health.

Elisity: Identity-Based Microsegmentation Company Closes $37 Million

By Amit Chowdhry ● May 3, 2024

SafeBase: Security Review Company Raises $33 Million

By Amit Chowdhry ● May 3, 2024

SafeBase, a leading Trust Center Platform for friction-free security reviews, announced it has raised $33 million in a Series B funding round. This round, which brings the company’s total funding to over $50 million, was led by Touring Capital with Zoom Ventures participating. Existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners joined the round, as did prominent cybersecurity executives, including former Salesforce Chief Trust Officer Jim Alkove.

Invent Analytics: Retail Planning Solutions Provider Closes $17 Million

By Amit Chowdhry ● May 3, 2024

Invent Analytics, a global retail planning solutions provider, announced that it has secured $17 million in Series B funding. The funding round was led by LFX Venture Partners, in partnership with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark.

ARRIS: $34 Million Closed To Build High-Performing Fiber-Reinforced Composites At Scale

By Amit Chowdhry ● May 3, 2024

ARRIS, an advanced manufacturer with technology that enables high-performing fiber-reinforced composites at scale, announced that it has raised $34 million in its latest fundraising round. This funding round saw participation from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).

Corelight: Open Network Detection And Response Company Secures $150 Million

By Amit Chowdhry ● May 3, 2024

Corelight, a leader in open network detection and response (NDR), announced it has raised $150 million in Series E investment, led by its first capital investor, Accel. Cisco Investments and CrowdStrike Falcon Fund made additional strategic investments.

Arbol: Parametric Insurtech Company Raises $60 Million

By Amit Chowdhry ● May 3, 2024

Arbol, a parametric insurance-tech company, announced it had secured $60m in its Series B funding round co-led by Giant Ventures and Opera Tech Ventures, with additional funds from Mubadala Capital. Arbol aims to widen the adoption of parametric insurance products and establish climate risk as a tangible and investable asset class.

Arcserve Secures Significant Investment From H.I.G. WhiteHorse And Monroe Capital

By Amit Chowdhry ● May 2, 2024

Arcserve, an innovator in unified data resilience solutions, announced today that a significant investment from H.I.G. WhiteHorse and Monroe Capital will further develop and deliver high-quality data protection and recovery solutions to its customers. The company also appointed Chris Babel, a leader with a 20-year track record of driving success, as CEO.

Monocle: AI-Powered Promotion Company Raises $7.5 Million

By Amit Chowdhry ● May 2, 2024

AI-powered platform Monocle announced today that it is emerging from stealth mode to help consumer brands easily deploy and personalize promotions to turn spending into profit. A $7.5 million seed round led by F2 Venture Capital supports the platform's launch. And this funding round includes investments from Tiferes Ventures and irrvrntVC and founders at Instacart, Everlane, Melio, and Chubbies.

TaxBit: Tax And Accounting Compliance Solutions Company Raises Funding From In-Q-Tel

By Amit Chowdhry ● May 2, 2024

TaxBit, a leading tax and accounting compliance solutions provider, announced a strategic investment from In-Q-Tel (IQT) - a not-for-profit strategic investor for the U.S. national security community and America's allies. This development comes in response to growing demand for expanded use cases and digital asset compliance solutions on a global scale.

BioIntelligence Technologies: $5 Million Raised To Help Biotech Companies Maximize Performances

By Amit Chowdhry ● May 2, 2024

BioIntelligence Technologies announced it has developed an AI-powered solution to eliminate losses in products and to reduce the consumption of water and energy and the emission of carbon dioxide in industrial bioprocesses using fermentation; announced the recent closing of $5 million in funding led by Amplify Capital and joined by Investissement Québec, Real Ventures, Anges Québec and AQC Capital, and by Innospark Ventures.

Shinkei: Commerical Fish Processing Technology Company Raises $6 Million

By Amit Chowdhry ● May 2, 2024

Shinkei – a company pioneering a commercial fish processing technology - announced $6 million in new seed funding to launch its modern system that merges machine learning, robotics, and centuries-old fish harvesting techniques. This funding round was led by Cantos, with additional participation by 8VC, Impatient Ventures, Susa/Humba Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, Undeterred Capital, and others joining existing investors.

4P-Pharma: €15 Million Raised To Develop Curative Therapies For Untreated Serious Diseases

By Amit Chowdhry ● May 1, 2024

4P-Pharma, a Lille-based clinical-stage startup studio focused on developing curative therapies for untreated serious diseases, announced that it has successfully secured €15 million in its second closing with participation from private investors.

Swap: E-Commerce Operating System Company Raises $9 Million

By Amit Chowdhry ● May 1, 2024

Swap, an e-commerce operating system that manages all operations for direct-to-consumer brands, announced a $9 million Series A led by QED Investors, with participation from Cherry Ventures, 9900 Capital, 2100 Ventures, and Ed Hallen (Co-Founder of Klaviyo).

Piva Capital: A Venture Capital Firm Investing In Transformative Energy And Industrial Companies

By Amit Chowdhry ● May 1, 2024

Piva Capital is a San Francisco-based venture capital firm investing in disruptive energy and industrial companies across North America and Europe. Pulse 2.0 interviewed Piva Capital investors Claire Yun and Jillian Noel to learn more about the firm.

Amplifier Security: $3.3 Million Raised To Enable Security Teams To Modernize Practices

By Amit Chowdhry ● May 1, 2024

Amplifier Security announced it emerged from stealth to bridge the divide between the workforce and security with AI copilot and human-in-the-loop automation. The company also raised $3.3 million to address the last-mile security challenge with a self-healing approach that transforms how employees interact with corporate security tools. Cota Capital led this pre-seed funding round with participation from WestWave Capital and Shift Left Ventures. It also included angel investments from renowned entrepreneurs and executives.

Nagomi Security: Threat Exposure Management Company Secures $30 Million

By Amit Chowdhry ● May 1, 2024

Nagomi Security (formerly known as Vena Security), a leader in proactive security and threat exposure management, emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with a seed funding round from Team8 and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures. Nagomi is also backed by leading angel investors, including Shlomo Kramer (founder of Check Point, Imperva, and Cato Networks), Nir Polak (founder of Exabeam), Guy Podjarny (founder of Snyk), and Galina Antova (founder of Claroty). This funding round will accelerate go-to-market and R&D efforts to meet the increasing global demand for proactive security and threat exposure management.

FinQuery: $25 Million Closed To Enable Professionals To Optimize Decisions In Top Spending Areas

By Amit Chowdhry ● May 1, 2024

FinQuery (formerly LeaseQuery), a provider of AI-powered solutions built to efficiently manage companies’ largest areas of spending, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. This funding will accelerate product innovation and support strategic M&A.

Owlstone Medical: Breath Biopsy Company Raises $6.5 Million

By Amit Chowdhry ● Apr 30, 2024

Owlstone Medical, a global leader in Breath Biopsy for early disease detection and precision medicine applications, has secured funding from the Bill & Melinda Gates Foundation. This funding round comprises a $5 million equity investment to advance Owlstone’s Breath Biopsy platform and $1.5 million in grant funding to develop breath-based diagnostics and identify breath biomarkers for tuberculosis (TB) and HIV.

Nebu-Flow: $5.9 Million Raised To Accelerate Development Of Inhaled Drugs For Respiratory Disorders

By Amit Chowdhry ● Apr 30, 2024

Nebu-Flow announced it had raised an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders, which are the main cause of death and disability worldwide. The company’s nebulizer platform has been developed to provide several advantages over existing technologies. Overall, the worldwide inhalable drug market was valued at about $33 billion in 2023, with the nebulizer market at over $1 billion.

Agilitas Energy: Energy Storage And Solar Photovoltaic Company Secures $100 Million

By Amit Chowdhry ● Apr 30, 2024

Agilitas Energy, the largest integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., announced the closing of $100 million in debt financing to fund its growth and continued national expansion.

Thintronics: Electronic Materials Company Closes $23 Million

By Amit Chowdhry ● Apr 30, 2024

Thintronics is a California-based electronic materials startup that supplies high-performance insulators for emerging AI data centers, networking, and RF/millimeter-wave (mmW) applications. It raised a $23 million Series A funding round, led by Maverick Capital and Translink Capital. The funding will support the commercialization of a novel insulator platform.

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

By Amit Chowdhry ● Apr 30, 2024

Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company's cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.

Blaize: High-Performance Computing AI Processing Solutions Company Raises $106 Million

By Amit Chowdhry ● Apr 30, 2024

Blaize, an AI computing innovator transforming edge computing solutions, announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP.