Startups

StrongDM: Zero Trust Privileged Access Company Raises $34 Million

By Amit Chowdhry ● May 9, 2024

StrongDM, a Zero Trust privileged access company, announced the closing of a $34 million Series C funding round led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, and existing investors including GV, Sequoia Capital, and True Ventures. This funding round highlights StrongDM's commitment to reshaping enterprise security with its revolutionary Zero Trust privileged access management (PAM) solution. The Series C funding round brings StrongDM's total funding to $96 million.

Danti: Earth Data Search Engine Company Secures $5 Million

By Amit Chowdhry ● May 9, 2024

Danti, an AI company building a transformative AI Data Analyst who can answer questions about any place and time, announced it had raised $5 million in a seed round led by Shield Capital. Existing investors Tech Square Ventures, Humba Ventures, Leo Polovets, Space.VC, and Radius Capital also joined the round.

Imec.xpand: €300 Million Fund Launched To Accelerate Semiconductor And Nanotechnology Innovations

By Amit Chowdhry ● May 9, 2024

Imec.xpand, an independent global venture capital fund, today announced the launch of a new €300 million fund aimed at accelerating the growth of transformative semiconductor and nanotechnology innovations. Launched as a collaborative effort with imec, the world-leading R&D and innovation hub in nanoelectronics, this fund will invest in startups that have the potential to be globally disruptive within their target domains. The fund was also launched to fuel semiconductor innovation beyond traditional applications and drive the next-generation technologies ten years ahead.

Apex: AI Security Leader Company Secures $7 Million

By Amit Chowdhry ● May 9, 2024

Apex, a leader in AI security, announced that it emerged from stealth with $7 million in seed funding. The funding round was co-led by Sequoia Capital and Index Ventures, with notable angel investors participating.

Bricklayer: Autonomous Cybersecurity Solution Company Raises $2.5 Million

By Amit Chowdhry ● May 9, 2024

Bricklayer AI has announced a $2.5 million pre-seed investment to advance the product development of its autonomous AI security analyst solution. This pre-seed round was oversubscribed, with participation from Sovereign's Capital, Dreamit Ventures, VIPC's Virginia Venture Partners, BlueWing Ventures, and Blu Ventures, and cybersecurity industry leaders.

Hyde Park Venture Partners: $98 Million Fund IV Closed

By Amit Chowdhry ● May 9, 2024

Hyde Park Venture Partners, an early-stage venture capital fund headquartered in Chicago, has announced the raise of $98 million Hyde Park Venture Partners Fund IV. Founded in 2012, Hyde Park Venture Partners invests in early-stage startups with founders primarily in the Midwest and Toronto. Repeat backers, including the Illinois Growth and Innovation Fund, RK Mellon Foundation, Renaissance Venture Capital, and new partner institutions, including NVNG and Cintrifuse Capital, are backing HPVP Fund IV.

Mimic: Ransomware Defense Company Raises $27 Million

By Amit Chowdhry ● May 9, 2024

Mimic, a ransomware defense company, announced that it has emerged from stealth and that it has secured a seed round of funding of $27 million led by Ballistic Ventures, with investment from Menlo Ventures, Team8, Wing Venture Capital and Shield Capital.

EnviroSpark: EV Charging Company Raises $50 Million

By Amit Chowdhry ● May 9, 2024

Electric vehicle (EV) charging company EnviroSpark Energy Solutions announced it has secured a $50 million investment by funds advised by Basalt Infrastructure Partners LLP, a leading mid-market infrastructure equity investment firm focusing on investments in Europe and North America.

LayerX: Browser Security Platform Company Secures $26 Million

By Amit Chowdhry ● May 9, 2024

LayerX, the innovator behind the LayerX Browser Security platform, announced $26 million in Series A funding led by Glilot+ (the early-growth fund of Glilot Capital Partners), with participation from Dell Technologies Capital and other investors. In connection with the funding round, Lior Litwak, Managing Partner at Glilot Capital and Head of Glilot+, and Yair Snir, Managing Partner at Dell Technologies Capital, will join the LayerX board.

Transcarent: Health And Care Platform Company Closes $126 Million At $2.2 Billion Valuation

By Amit Chowdhry ● May 9, 2024

Transcarent has announced a $126 million Series D investment led by General Catalyst and 7wireVentures. New investors Geodesic Capital and Memorial Hermann Health System join the group, which also has support from previous investors Threshold Ventures, Kinnevik, Ally Bridge Group, Human Capital, Merck Global Health Innovation Fund, Alta Partners, and Leaps by Bayer.

Karius: Genomic Diagnostics Company Secures $100 Million

By Amit Chowdhry ● May 9, 2024

Karius, a leader in genomic diagnostics for infectious disease, announced it has secured $100 million in Series C funding. The funding round was co-led by Khosla Ventures and new investors 5AM Ventures and Gilde Healthcare. Also joining this round were new investor Seventure Partners and existing investors Softbank Vision Fund 2, General Catalyst, HBM Healthcare Investments, Blue Water Life Sciences, Innovation Endeavors, Waycross Ventures, and others.

AISAP: Point Of Care Assisted Diagnosis Company Secures $13 Million

By Amit Chowdhry ● May 9, 2024

AISAP—a company that built an AI-powered Point Of Care Assisted Diagnosis (POCAD) solution that is transforming the medical ultrasound industry—announced its seed funding round. The company secured $13 million, led by Harel Insurance Investments & Financial Services Ltd. and Shoni Top Ventures, L.P.

Livara Health: Valued-Based Musculoskeletal Management Company Raises $15 Million

By Amit Chowdhry ● May 9, 2024

Livara Health, a value-based musculoskeletal (MSK) management leader, announced that it has raised $15 million in Series B funding. The round was led by A1 Health Ventures and included existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor.

Latus Bio: Patient-Centric And Product-Oriented Gene Therapy Company Raises $54 Million

By Amit Chowdhry ● May 9, 2024

Latus Bio, a biotechnology company developing novel gene therapy candidates for disorders of the central nervous system (CNS), announced its launch and an initial closing of $54 million in Series A funding. 8VC and DCVC Bio are leading the funding round. So far, Samsung Life Science Fund (created by Samsung C&T, Samsung Biologics, Samsung Bioepis, and Samsung Venture Investment Corporation), The Children’s Hospital of Philadelphia Foundation, Benjamin Franklin Technology Partners, Modi Ventures, and Gaingels have joined as syndicate partners.

Aikido: Security Platform Company Raises $17 Million

By Amit Chowdhry ● May 9, 2024

Aikido, a no BS security platform for developers and SMEs, announced it has raised $17 million in Series A funding led by Singular.vc, with participation from Notion Capital and Connect Ventures. This funding round comes six months after Aikido raised $5.3 million in seed funding, making it the fastest-capitalized startup in Belgian history.

LottieFiles: Strategic Investment Raised From Webflow And Figma Ventures

By Amit Chowdhry ● May 9, 2024

Animation design platform LottieFiles announced a strategic investment from Figma Ventures and Webflow Ventures. And the current list of LottieFiles investors includes Adobe Fund for Design, Microsoft Ventures, Automattic, Square Peg Capital, and other renowned names. So far, the company has raised over $47 million and has over 9 million users and 280,000+ teams using its motion design platform.

Altruist: $169 Million Raised To Create New Standards For Wealth Management

By Amit Chowdhry ● May 8, 2024

Altruist, a modern custodian built for RIAs, announced a $169 million Series E funding round led by ICONIQ Growth with participation from new investor Granite Capital Management and continued support from existing investors Adams Street Partners and Sound Ventures. The new funding round brings the company’s total funding to over $450M and values the company north of $1.5B. In connection with the funding round, Yoonkee Sull, General Partner at ICONIQ Growth, will join the board of directors.

Volta: Digital Asset Operations Management Company Raises $4.1 Million

By Amit Chowdhry ● May 8, 2024

Volta is a company that is transforming the digital asset industry with the introduction of Volta Circuit, a multi-signature, non-custodial platform that has secured $4.1 million in seed funding from Fika Ventures, and Haven Ventures, along with support from Soma Capital, Dispersion Capital, and Uphonest Capital. The platform has set a benchmark as the new standard for smart wallet infrastructure, offering the fastest, easiest, and most secure solution for self-custody.

Maia Farms: $2.3 Million Raised To Transform Global Protein Supply With Mycelium

By Amit Chowdhry ● May 8, 2024

Maia Farms, a company focused on transforming the global protein supply with mycelium, announced the successful closure of its pre-seed funding round. Maia Farms raised over $2 million between private capital and matching grant funding. This marks a significant milestone in the company's mission to provide globally accessible and superior protein sources.

Legion: Workforce Management Company Secures $50 Million

By Amit Chowdhry ● May 8, 2024

Workforce management (WFM) company Legion Technologies announced it has raised $50 million in a growth funding round led by Riverwood Capital. There was also strategic participation from existing investors, including Norwest, Stripes, Webb Investment Network, and XYZ.

Eleos: Digital Life Insurance Provider Company Raises $4 Million

By Amit Chowdhry ● May 8, 2024

Eleos announced it had raised a venture capital investment of $4 million in a seed round led by Fuel Ventures and Indico Capital, which comes just six months after the competition of a pre-seed round.

BlackRock Invests In Willow Network To Help Financial Advisors Serve New Investors

By Amit Chowdhry ● May 8, 2024

BlackRock announced it has made a minority investment in Willow Network, a startup providing services to help financial advisors better serve a growing population of new investors. Willow will use the funding to launch two new certificate programs to help advisors better respond to the unique financial and planning challenges this next generation of clients faces.

HOMAGE Raises Strategic Investment With Ryan Reynolds’ Maximum Effort As Lead

By Amit Chowdhry ● May 8, 2024

HOMAGE, leading vintage-inspired sports, and licensed apparel company announced a strategic investment of growth capital from Maximum Effort Investments, an investment advisory firm co-founded by Ryan Reynolds. Maximum Effort Investments will serve as the lead investor for this round.

Cache DNA: Seed Funding Raised To Transform Biological Sample And Data Storage Infrastructure

By Amit Chowdhry ● May 8, 2024

Cache DNA, a life sciences company transforming biological sample and data storage infrastructure, announced the closing of its seed round. The team raised an undisclosed amount from notable investors such as Climate Capital Bio, Exor Ventures, Hawktail, LifeX Ventures, Pillar VC, and Trousdale Ventures, including support from Illumina and founders such as Alec Nielsen.

Nudge Security Raises $16.5 Million To Help Manage SaaS Security And Governance At Scale

By Amit Chowdhry ● May 8, 2024

Nudge Security, a leading provider of modern SaaS security and governance, announced new funding from Forgepoint Capital. This funding, which joins Ballistic Ventures, brings the startup's seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Security board in connection with the funding round.

RunReveal: Security Information And Event Management Company Raises $2.5 Million

By Amit Chowdhry ● May 7, 2024

RunReveal, a Security Information And Event Management (SIEM) built to detect threats faster, announced general availability and a $2.5 million seed round led by Costanoa Ventures.

Peregrine: $30 Million Secured To Help Institutions Solve Urgent Problems

By Amit Chowdhry ● May 7, 2024

Peregrine, a data integration platform that enables state and local government agencies to protect and serve their communities, announced a $30 million Series B funding round led by Friends & Family Capital and Fifth Down Capital with participation by existing investors Goldcrest Capital, Craft Ventures, Godfrey Capital, and other committed partners.

Jeeves: Cross-Border B2B Payments And Corporate Card Platform Raises $75 Million

By Amit Chowdhry ● May 7, 2024

Jeeves, a B2B payments and corporate card platform for businesses in Latin America, announced it had closed a $75 million credit facility with Community Investment Management (CIM), which is a prominent global impact-focused investment manager actively investing in Latin America. Along with supporting the company's rapid scaling, this financing will enhance Jeeves' financial product suite in its primary Latin American markets - Brazil, Colombia, and Mexico.

Remepy: Hybrid Drug Company Secures $15 Million

By Amit Chowdhry ● May 7, 2024

Remepy, a pioneer in hybrid drugs, announced that it closed a $10 million seed investment round, totaling $15 million when combined with earlier funding. This funding round was led by NFX and was joined by Vine Ventures, PsyMed Ventures, Supernode Ventures, and Firstime Ventures, while joining previous pre-seed lead investors TechAviv and Fresh.fund, Samsung Next, StageNext Fund, and 97212 Ventures.

StepSecurity: $3 Million Closed To Protect CI/CD Pipelines And Infrastructure

By Amit Chowdhry ● May 7, 2024

StepSecurity, a leader in protecting CI/CD pipelines and infrastructure, announced the closing of its $3 million seed funding round, led by Runtime Ventures. Inner Loop Capital, SaaS Ventures, DeVC, and several notable industry leaders participated as angel investors.

Startups

StrongDM: Zero Trust Privileged Access Company Raises $34 Million

Danti: Earth Data Search Engine Company Secures $5 Million

Imec.xpand: €300 Million Fund Launched To Accelerate Semiconductor And Nanotechnology Innovations

Apex: AI Security Leader Company Secures $7 Million

Bricklayer: Autonomous Cybersecurity Solution Company Raises $2.5 Million

Hyde Park Venture Partners: $98 Million Fund IV Closed

Mimic: Ransomware Defense Company Raises $27 Million

EnviroSpark: EV Charging Company Raises $50 Million

LayerX: Browser Security Platform Company Secures $26 Million

Transcarent: Health And Care Platform Company Closes $126 Million At $2.2 Billion Valuation

Karius: Genomic Diagnostics Company Secures $100 Million

AISAP: Point Of Care Assisted Diagnosis Company Secures $13 Million

Livara Health: Valued-Based Musculoskeletal Management Company Raises $15 Million

Latus Bio: Patient-Centric And Product-Oriented Gene Therapy Company Raises $54 Million

Aikido: Security Platform Company Raises $17 Million

LottieFiles: Strategic Investment Raised From Webflow And Figma Ventures

Altruist: $169 Million Raised To Create New Standards For Wealth Management

Volta: Digital Asset Operations Management Company Raises $4.1 Million

Maia Farms: $2.3 Million Raised To Transform Global Protein Supply With Mycelium

​​Legion: Workforce Management Company Secures $50 Million

Eleos: Digital Life Insurance Provider Company Raises $4 Million

BlackRock Invests In Willow Network To Help Financial Advisors Serve New Investors

HOMAGE Raises Strategic Investment With Ryan Reynolds’ Maximum Effort As Lead

Cache DNA: Seed Funding Raised To Transform Biological Sample And Data Storage Infrastructure

Nudge Security Raises $16.5 Million To Help Manage SaaS Security And Governance At Scale

RunReveal: Security Information And Event Management Company Raises $2.5 Million

Peregrine: $30 Million Secured To Help Institutions Solve Urgent Problems

Jeeves: Cross-Border B2B Payments And Corporate Card Platform Raises $75 Million

Remepy: Hybrid Drug Company Secures $15 Million

StepSecurity: $3 Million Closed To Protect CI/CD Pipelines And Infrastructure

Legion: Workforce Management Company Secures $50 Million