Startups

Windfall Bio: Methane-To-Value Solutions Company Raises $28 Million

By Amit Chowdhry ● Apr 8, 2024

Windfall Bio, a leader in methane-to-value solutions, announced its $28 million Series A funding round led by Prelude Ventures with participation from Amazon’s Climate Pledge Fund, Global Brain (through its Norinchukin Innovation Fund L.P.), Incite Ventures, and Positive Ventures. Existing investors, including B37 Ventures, Breakthrough Energy Ventures, Mayfield, and UNTITLED (a fund backed by the Tetra Laval family), also joined the round.

ION Clean Energy: $45 Million Raised In Round Led By Chevron

By Amit Chowdhry ● Apr 8, 2024

ION Clean Energy (ION) announced it has raised $45 million from Chevron New Energies (CNE), a division of Chevron U.S.A., who is leading the round, and Carbon Direct Capital. ION is a Boulder-based company that offers post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system.

Biolinq: $58 Million Raised To Build Precision Multi-Analyte Biosensors To Improve Metabolic Health

By Amit Chowdhry ● Apr 8, 2024

Biolinq, a healthcare technology company pioneering precision multi-analyte biosensors to improve metabolic health, announced the completion of $58 million in financing led by Alpha Wave Ventures, with participation from Niterra’s corporate venture capital fund jointly operated with Pegasus Tech Ventures and existing investors RiverVest Venture Partners, AXA IM Alts, Global Health Investment, Aphelion Capital, Senvest Management, Features Capital and Taisho Pharmaceutical.

SiMa.ai: Embedded Edge Machine Learning System-On-Chip Company Raises $70 Million

By Amit Chowdhry ● Apr 8, 2024

SiMa.ai, the software-centric and embedded edge machine learning system-on-chip company, announced it raised an additional $70 million of funding led by Maverick Capital, with participation from Point72 and Jericho, and existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan, and others.

Ivo: GenAI Legal Contracting Solution Raises $4.8 Million

By Amit Chowdhry ● Apr 8, 2024

Ivo (formerly Latch), a generative AI (GenAI) powered contract review solution, announced $4.8 million in funding to enable legal teams to improve efficiency and accuracy and drive consistent negotiating positions. This funding round was led by Uncork Capital and Fika Ventures, with additional funding from previous investors Daniel Gross, GD1, and Phase One Ventures. This brings the company’s total funding to $6.2 million.

Lirvana Labs: Yeti Confetti Kids App Company Closes $5.3 Million

By Amit Chowdhry ● Apr 8, 2024

Lirvana Labs, the creator of the Yeti Confetti Kids app, which provides an AI-powered personalized learning companion for preschool to elementary grade children, announced it had raised $5.3 million in early-stage financing led by Kapor Capital III, Transcend Capital Partners II, and Chingona Ventures.

Selux Diagnostics: $48 Million Closed To Combat Superbug Infections And Fight Antimicrobial Resistance

By Amit Chowdhry ● Apr 8, 2024

Selux Diagnostics, a Boston-based biotechnology company whose mission is to combat superbug infections and fight antimicrobial resistance (AMR), announced they have received an additional $48 million to launch their next phase of commercialization of the Selux Next Generation Phenotyping (NGP) System within the US. RA Capital Management led this new funding round with participation from Northpond Ventures, Sands Capital, and Schooner Capital.

Obsidian Therapeutics: Cell And Gene Therapies Company Raises $160.5 Million

By Amit Chowdhry ● Apr 8, 2024

Obsidian Therapeutics, a clinical-stage biotechnology company pioneering engineered cell and gene therapies, announced it has closed a significantly oversubscribed $160.5 million Series C financing with a top-tier syndicate of life science investors led by a new investor, Wellington Management. And new investors participating in the funding include Foresite Capital, Janus Henderson Investors, Novo Holdings A/S, Paradigm BioCapital, RTW Investments, funds and accounts advised by T. Rowe Price Associates, and Woodline Partners LP. Existing investors Atlas Venture, Blue Owl Healthcare Opportunities, Bristol Myers Squibb, Deep Track Capital, Logos Capital, RA Capital Management, TCGX, Samsara BioCapital and Surveyor Capital (a Citadel company) also joined the round.

NobleAI: Science-Based AI Company Closes Over $10 Million

By Amit Chowdhry ● Apr 8, 2024

NobleAI, a pioneer in Science-Based AI solutions for Chemical and Material Informatics, announced over $10 million in Series A extension financing. New investor Sway Ventures led the round and was joined by Dorilton Ventures. The round also included additional investments from NobleAI’s original Series A investors.

Hailo: Edge AI Processor Company Raises $120 Million

By Amit Chowdhry ● Apr 8, 2024

Hailo, a pioneering chipmaker of edge AI processors, announced it had extended its series C fundraising round with an additional $120 million investment. The company also introduced its innovative Hailo-10 high-performance generative AI (GenAI) accelerators, which ushered in a time when users could own and run GenAI applications locally without registering with cloud-based GenAI services.

Datavolo: AI-Based Data Pipeline Company Raises $21 Million

By Amit Chowdhry ● Apr 8, 2024

Datavolo, a leader in multimodal data pipelines for AI, announced that it has raised over $21 million in financing, led by General Catalyst, with participation from notable investors, including Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures. This funding includes the company’s seed and Series A funding round.

TechGrid: Business Automation Platform Company Raises $9.2 Million

By Amit Chowdhry ● Apr 7, 2024

TechGrid, a business platform for technology service providers (TSPs), announced it has secured a $9.2 million Series A investment from Bellini Capital. Formerly called SecurEdge Networks, TechGrid works with TSPs, including Managed Service Providers (MSPs) and Value-Added Resellers (VARs), by streamlining workflows for selling, fulfilling, and managing IT solutions delivered to businesses. The new funding round will help evolve and scale the platform.

Miach Orthopaedics: $20 Million Raised To Transform Anterior Cruciate Ligament Tear Treatment

By Amit Chowdhry ● Apr 7, 2024

Miach Orthopaedics - a company transforming the treatment of anterior cruciate ligament (ACL) tears from reconstruction to restoration with the Bridge-Enhanced ACL Restoration (BEAR) Implant - announced the closing of a $20 million Series B extension financing round. The funding will support the commercial expansion and clinical activities for the BEAR Implant, which has been used to treat nearly 3,000 patients with anterior cruciate ligament (ACL) tears.

Proxima: Data Intelligence Software Company Raises $12 Million

By Amit Chowdhry ● Apr 7, 2024

Proxima - a data intelligence software company that enables consumer technology businesses to scale customer acquisition profitably, expand customer lifetime value, and optimize full lifecycle marketing - announced the closing of a $12 million Series A round led by Mucker Capital. And the other investors in the round include Aglae Ventures (the family office of LVMH founder), Great Oaks Venture Partners, Data Point Capital, Broadway Venture Partners, FirstLook Partners, and Connexa Capital.

Alterome Therapeutics: $132 Million Closed To Pioneer Small Molecule Targeted Therapies For Cancer Treatments

By Amit Chowdhry ● Apr 7, 2024

Alterome Therapeutics, a biopharmaceutical company pioneering the development of small-molecule targeted therapies for cancer treatment, announced the closing of a $132 million Series B financing. The proceeds from the funding round will support the advancement of multiple wholly-owned pipeline programs in the clinic, such as a specific AKT1 E17K inhibitor and a KRAS-selective inhibitor.

Torus: Energy Solutions Company Raises $67 Million

By Amit Chowdhry ● Apr 7, 2024

Torus announced some milestones, including completing an equity fundraising round and expanding its Board of Directors. This $67 million financing round (in the form of conversion of outstanding notes and a loan facility) was led by Origin Ventures. The financing also features contributions from notable institutional investors, including Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, and ICONIQ.

Higgsfield AI: $8 Million Secured To Provide Advanced Video Creation Tools Accessible To Creators

By Amit Chowdhry ● Apr 7, 2024

Higgsfield AI, a company focused on democratizing social media video creation, recently announced $8 million in seed funding led by Menlo Ventures. This new funding round marks a major milestone in Higgsfield AI's goal to bring video AI generation and editing into the mainstream with its proprietary video model.

OROS Labs: Thermal Solutions Company Closes $22 Million

By Amit Chowdhry ● Apr 7, 2024

OROS Labs, a thermal solutions company known for creating Solarcore, announced the closing of its Series B funding round, raising $22 million to support its expansion in consumer, commercial, and government industries. This funding round was led by Airbus Ventures and participated in by REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, and others.

EarliTec Diagnostics: $21.5 Million Secured To Develop Therapeutic Solutions For Children With Autism

By Amit Chowdhry ● Apr 6, 2024

EarliTec Diagnostics, a medical device company focused on diagnostic and therapeutic solutions for children with autism and related early childhood vulnerabilities, announced a $21.5 million Series B financing round led by Nexus NeuroTech Ventures and Venture Investors Health Fund. This funding will expand commercialization efforts and advance clinical research for the first-in-kind EarliPoint Evaluation, which aids clinicians in diagnosing and assessing autism in children aged 16 to 30 months.

Juniper Biomedical: $3 Million Raised To Develop Solutions For Treating Pelvic Health Disorders

By Amit Chowdhry ● Apr 6, 2024

Juniper Biomedical - a medical device company that is focused on developing solutions that treat pelvic health disorders like incontinence using their unique neuromodulation micro-implant - announced that it has completed an oversubscribed $2 million seed funding round and also has been awarded $1 million through the NIH Common Fund as a winner of the NIH SPARC Neuromod Prize, a competition designed to accelerate the development of targeted neuromodulation therapies.

Seso: Agriculture Workforce Management Platform Company Raises $26 Million

By Amit Chowdhry ● Apr 6, 2024

Seso - a workforce management platform for agriculture - announced the closing of a $26M Series B led by BOND with participation from Index Ventures, NFX, SV Angel, and other prominent investors. And several Seso customers also participated in the round.

Archetype AI: Physical AI Company Raises $13 Million In Seed Funding

By Amit Chowdhry ● Apr 5, 2024

Physical AI company Archetype AI announced its emergence from stealth and has introduced Newton, a first-of-its-kind foundation model that understands the physical world. The company also raised a $13 million seed funding round led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures, and several angel investors. Ganesh Srinivasan, Partner at Venrock, will join the board in connection with the funding.

Brim Financial: Fintech Infrastructure Company Raises $85 Million

By Amit Chowdhry ● Apr 5, 2024

Brim Financial - a leading fintech infrastructure company transforming the credit card platform and payment automation space - announced the closing of an $85 million Series C funding round on the back of strong revenue growth, rapidly growing market share, and expansion into the business and commercial segments.

Allure Security: Brand Protection-As-A-Service Company Raises $10 Million

By Amit Chowdhry ● Apr 5, 2024

Allure Security - a leader in online brand protection-as-a-service - announced the completion of a $10 million Series A funding round. Fintech strategic investment capital firm Curql led the round and they were joined by new investor Datatec Founder and CEO Jens Montanana and existing investors Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital.

Biofidelity: Genomic Technology Company Secures $24 Million In Funding

By Amit Chowdhry ● Apr 5, 2024

Home From College: Next-Generation Career Platform Company Raises $5.4 Million

By Amit Chowdhry ● Apr 5, 2024

Home From College (HFC), a next-generation career platform, announced a $5.4 million seed round led by GV (Google Ventures). The company has raised $6.9 million in the past three years and has seen 300% annual revenue growth.

TrojAI: Enterprise AI Security Solutions Company Closes $5.75 Million

By Amit Chowdhry ● Apr 5, 2024

TrojAI, a leading provider of enterprise AI security solutions, announced a $5.75 million funding round of additional seed capital and the appointment of Lee Weiner as the company's CEO. This funding round was led by Flying Fish, with participation from current investors Build Ventures and Techstars and new investors Alteryx Ventures and Flybridge Capital Partners.

BurnBot: Mechanized Vegetation Management Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

BurnBot announced it has raised $20 million in funding to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. ReGen Ventures led the funding round, including Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital, and Pathbreaker Ventures.

Modal: Skills Development Platform Company Raises $25 Million

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360: Space-Based RF Data Company Secures $40 Million In Debt Financing

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360, a leading provider of space-based RF data and analytics, announced it secured $40 million in debt financing from Silicon Valley Bank (SVB) to further its goal of delivering advanced geospatial capabilities.