Startups

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.