Startups

Phase Four: Aerospace Company Raises $6.25 Million From Leonid Capital Partners

By Amit Chowdhry ● Mar 14, 2024

Phase Four, a transformative aerospace company developing advanced propulsion systems for the next generation of space vehicles, has raised $6.25 million in funding from Leonid Capital Partners. Leonid is an investment firm focused on high-growth technology companies in the national security industry.

SquareDash: Property Insurance Restoration Payment Advance Company Raises Over $20 Million

By Amit Chowdhry ● Mar 14, 2024

SquareDash - a payment advance platform in the property insurance restoration industry - announced it raised over $20 million in total funding to accelerate growth. The funding round was led by FINTOP Capital and it builds on SquareDash's previous equity raise in mid-2023 with participation from Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council, and other angel investors.

FERMAT: $17 Million Raised To Help Retailers Create Unique Shopping Experiences

By Amit Chowdhry ● Mar 14, 2024

FERMAT—a company that enables every retailer to create unique shopping experiences for each customer—announced it raised $17 million in funding. This funding round was led by Bain Capital Ventures (BCV), with participation from existing investors Greylock, QED Investors, and Courtside Ventures. FERMAT has raised over $30 million in total, including this funding round.

Interlune: $18 Million Secured To Harvest Natural Resources From Space To Benefit Humanity

By Amit Chowdhry ● Mar 14, 2024

Interlune announced it had raised $18 million in funding to develop and operationalize technology to extract Helium-3 and other natural resources from the Moon. This funding is a major milestone for Interlune in pursuing its goal to lead the world in sustainable, responsible harvesting and distribution of natural resources from space to benefit humanity.

Furno: $6.5 Million Secured To Decarbonize The Cement Industry

By Amit Chowdhry ● Mar 14, 2024

Furno, a company focused on decarbonizing the cement production industry, announced the closing of an oversubscribed $6.5 million seed funding round and introduced a transformative end-to-end cement production unit called the Furno Brick.

Loop: $6 Million Raised To Help Restaurants Optimize Third-Party Delivery Service Profitability

By Amit Chowdhry ● Mar 14, 2024

Loop - a leading SaaS provider enabling restaurants to maximize their third-party delivery service profitability - announced that it has closed $6 million in seed funding. The funding round was led by Base10 Partners with participation from Afore Capital.

Voi: Europe-Based Micromobility Operator Raises $25 Million

By Amit Chowdhry ● Mar 14, 2024

Voi, a leading micro-mobility operator in Europe, announced that it has successfully raised $25 million in an oversubscribed funding round and secured additional debt financing for vehicles.

Foundation Health: $6 Million Raised To Power Consumer Healthcare Experiences

By Amit Chowdhry ● Mar 13, 2024

Foundation Health announced the closing of a $6 million seed funding round. The participants in the round include industry leaders Y Combinator Garry Tan, Transpose Platform, Tuesday VC, Alt Capital, Box Group, Liquid Ventures, Exceptional Capital, Calm/Storm Ventures, and PageOne Ventures, with support from angel investors Paul Johnson and Meghan Fitzgerald.

Empathy: $47 Million Raised To Help People Who Are Dealing With Grief And Loss

By Amit Chowdhry ● Mar 13, 2024

Empathy - a company changing the way the world deals with grief and loss - announced a $47 million Series B round led by Index Ventures with participation from General Catalyst, Entrée Capital, Latitude, and Brewer Lane, along with strategic investments from major life insurance carriers Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo. This funding round raised Empathy’s total funding to $90 million.

Axion Ray: AI Observability Command Center Company Secures $17.5 Million

By Amit Chowdhry ● Mar 13, 2024

Axion Ray - an AI-based observability command center relied on by leading manufacturing companies in detecting and solving emerging field quality issues affecting their customers - announced a $17.5 million Series A funding round led by Bessemer Venture Partners, including a strategic investment from RTX Ventures. Existing investors Amplo and Inspired Capital also joined the round.

Harvard Alumni Entrepreneurs Accelerator Unveils 12 Startups In 2024 Cohort

By Amit Chowdhry ● Mar 13, 2024

The Harvard Alumni Entrepreneurs Accelerator Powered by Pegasus Tech Ventures has unveiled its 2024 cohort, which includes 12 startups founded by Harvard alumni. The 2024 cohort includes the following companies:

RapidCanvas: $7.5 Million Raised To Help Organizations Build Production-Grade AI Solutions 10x Faster

By Amit Chowdhry ● Mar 13, 2024

RapidCanvas - an AI platform built for business - announced it has exited stealth mode with $7.5 million in seed funding led by Accel with participation from Valley Capital Partners.

Polar Signals: Data Observability Company Closes $10.8 Million In Funding

By Amit Chowdhry ● Mar 13, 2024

Observability industry leader Polar Signals announced a series of significant milestones that validate the company's rapid growth and commitment to innovation. The company secured an additional $6.8 million in funding. This funding round brought the company's total to $10.8 million.

Adaptive ML: $20 Million Secured To Improve GenAI Models Based On User Interactions

By Amit Chowdhry ● Mar 13, 2024

Adaptive ML - a company that enables companies to perpetually improve their generative AI (GenAI) models based on user interactions - announced that it has raised a $20 million seed round led by Index Ventures. Databricks Ventures, ICONIQ Capital, Motier Ventures, IRIS, HuggingFund by Factorial, and many notable angel investors joined the round.

CodaMetrix Raises $40 Million To Transform The Medical Coding Industry

By Amit Chowdhry ● Mar 13, 2024

CodaMetrix - a leading artificial intelligence (AI) solution for transforming healthcare and revenue cycle management - announced that it has closed a $40 million Series B funding round. Transformation Capital led the funding round with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.

Quaise Energy: Terawatt-Scale Geothermal Company Secures $21 Million

By Amit Chowdhry ● Mar 13, 2024

Quaise Energy—a company advancing the terawatt-scale geothermal industry—announced the closing of a $21 million Series A1 funding round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are some of the new investors participating in the round. This funding round will enhance Quaise's field operations and improve the company’s supply chain position.

Zephyr AI: $111 Million Raised To Develop AI Solutions For Democratizing Precision Medicine

By Amit Chowdhry ● Mar 13, 2024

Zephyr AI - a healthcare technology company focused on developing artificial intelligence (AI) solutions for democratizing precision medicine - announced it has closed a $111 million Series A funding round with participation from Revolution Growth, Eli Lilly & Company, Jeff Skoll, EPIQ Capital Group, and others.

WealthFeed: Financial Advisor Growth Platform Company Closes $2 Million

By Amit Chowdhry ● Mar 13, 2024

WealthFeed - an AI-based organic growth platform for Financial Advisors - announces the successful closing of a $2 million funding round. The strategic investors in this round include Thicket Ventures and executives from the Registered Investment Advisor (RIA), investment banking, and private equity industries.

Codezero: Enterprise Microservices Development Company Raises $3.5 Million

By Amit Chowdhry ● Mar 13, 2024

Codezero - an innovator in secure enterprise microservices development - announced a $3.5 million seed-funding round led by cybersecurity-focused VC firm Ballistic Ventures. Ballistic Ventures' funding added to the support from the existing list of angel investors and advisors, including Thomas Dohmke, Nick Caldwell, Marty Weiner, and James Routh.

Legends: Kids Confidence Training Platform Raises $6 Million

By Amit Chowdhry ● Mar 13, 2024

Legends - a confidence-training platform for kids - has launched out of stealth and announced $6 million in seed funding from tech- and education-focused VCs, including Floodgate Capital, Reach Capital, and individual investors, including technologist Joe Liemandt.

Prescient AI: Media Measurement And Optimization Company Secures $10 Million

By Amit Chowdhry ● Mar 13, 2024

Prescient AI, an AI-powered media measurement and optimization company that saw over 30x revenue growth last year, announced it raised $10 million in Series A funding, led by Headline and CEAS Investments. Blumberg Capital and Focal VC, the previous investors, also joined the round.

Freespace Robotics Raises Strategic Investment From U. S. Steel

By Amit Chowdhry ● Mar 13, 2024

Pittsburgh-based Freespace Robotics has raised a strategic investment from United States Steel. Freespace Robotics builds robotic storage and retrieval systems for warehouses worldwide. This funding will help Freespace hire and retain local talent and recruit others into the region.

Bear Robotics Raises $60 Million Strategic Investment From LG

By Amit Chowdhry ● Mar 12, 2024

LG Electronics announced a strategic investment move to expedite the advancement of its capabilities in service robotics, a key new business area. LG executed a stock purchase agreement to invest $60 million in Bear Robotics, a startup specializing in AI-driven autonomous service robots.

DBOS: Cloud-Native Operating System Company Raises $8.5 Million

By Amit Chowdhry ● Mar 12, 2024

Cloud-native operating system company DBOS announced that it has raised $8.5 million in seed funding and released its first product offering. Engine Ventures and Construct Capital led the funding round. And Sinewave and GutBrain Ventures also joined the round.

Grupago: $4.3 Million Raised To Expand Digital Microcredit Offerings For SMBs In Latin America

By Amit Chowdhry ● Mar 12, 2024

Grupago - a fintech company that is pioneering digital microcredit for small to medium-sized businesses (SMBs) in Latin America - announced that it had secured $4.3 million in seed funding. Deciens Capital led this funding round, and Precursor Ventures, Clocktower Ventures, Twine Ventures, and other venture funds joined them. They were also joined by several super-angels across the US and Mexico, including Zac Bookman (CEO of OpenGov), Oso Trava (Cracks Fund), Pepe Shabot (CEO of ION Mexico) and Paul Sawaya (co-founder of Human Interest).

Siolta Therapeutics: $12 Million Raised To Develop Defined-Consortia Live Biotherapeutic Products

By Amit Chowdhry ● Mar 12, 2024

Clinical-stage biotech company Siolta Therapeutics announced the completion of a $12 million Series C funding round. SymBiosis and Khosla Ventures co-led the round, which included all existing investors.

LactaLogics: Human Milk-Based Nutrition Company Raises Over $92 Million

By Amit Chowdhry ● Mar 12, 2024

LactaLogics, a human milk-based nutrition pioneer, announced the successful closing of over $92 million in funding. This milestone enables the company to complete a state-of-the-art facility for producing human milk-based fortifiers and standardized donor milk.

Neuron7.ai: Strategic Investment Raised From ServiceNow Ventures

By Amit Chowdhry ● Mar 12, 2024

Neuron7 - a leader in AI for service resolution intelligence—announced that partner ServiceNow has made a strategic investment in the company through its venture capital arm, ServiceNow Ventures. Neuron7 also released Resolution Intelligence on the ServiceNow Store, thus bringing value to joint customers across ITSM, CSM, and FSM workflows.

Bluwhale: $7 Million Raised To Bring AI To Blockchain

By Amit Chowdhry ● Mar 12, 2024

Bluwhale is an AI-based Web3 startup that announced a $7 million seed funding round led by SBI (including Ven Capital and the SBI Decima Fund) with participation from Cardano, Momentum6, Primal Capital, NxGen, Ghaf Capital Partners, Spyre Capital, Baselayer Capital, Haseeb Qureshi (Managing Partner at Dragonfly), Charles Huang (Guitar Hero creator), Jack McCauley (Oculus founder), and the collaborative funds of Animoca (Japan), Gumi, MZ Crypto, and Sygnum Bank and Azimut Investment Management.

Serenity Kids: Shelf-Stable Baby Food Brand Company Secures $52 Million Series B

By Amit Chowdhry ● Mar 12, 2024

Serenity Kids - a leading shelf-stable pouched baby food brand - announced it had closed a $52 million minority investment and partnership with Stride Consumer Partners. The growth capital from Stride will drive investment within several areas of Serenity Kids' business, especially marketing, talent, and innovation. And the funding and strategic partnership with Stride will support Serenity Kids' goal to improve the well-being of all children.