Startups

Humata Health: $25 Million Funding Raised To Create Frictionless Prior Authorization For Providers/Payers

By Amit Chowdhry ● Jun 25, 2024

Humata Health, a company creating frictionless prior authorizations for payers and providers with AI and automation, announced that it closed a $25 million investment. This funding round was led by Blue Venture Fund (representing the majority of BCBS plans) and LRVHealth (representing nearly 30 health systems and payers) with participation from Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood.

āshibio: Bone And Connective Tissue Disorder Therapy Company Secures $40 Million In Seed And Series A

By Amit Chowdhry ● Jun 25, 2024

āshibio, a privately held biotechnology company developing novel therapeutics for treating bone and connective tissue disorders, exited stealth mode with $40 million in seed and Series A financing. MPM BioImpact led the Series A round, with contributing funds from Agent Capital, YK Bioventures, and Mirae Asset Venture Investment. In connection with the funding, Agent Capital Partner and Co-Founder Preston Noon have joined the Board of Directors.

Wordsmith: AI-Based Legal Assistant Platform Company Closes $5 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

Wordsmith, an AI-based legal assistant platform, announced it has raised $5 million to transform the legal industry and unleash a new generation of hyper-skilled legal professionals. Index Ventures led this seed funding, which was joined by General Catalyst and angel investors, including Skyscanner founder Gareth Williams.

FairNow: AI Governance Software Company Raises $3.5 Million In Seed Funding

By Amit Chowdhry ● Jun 25, 2024

FairNow, a leading McLean, Virginia-based provider of AI governance software, announced that it has secured $3.5 million in a seed funding round. The funding will help FairNow accelerate its mission of equipping enterprises with a governance platform that manages AI-related business and regulatory risks.

M2X Energy: Transportable Gas-To-Liquids Systems Company Raises $40 Million In Series B Funding

By Amit Chowdhry ● Jun 25, 2024

M2X Energy, an end-to-end developer of modular, transportable gas-to-liquid systems that economically produce low-carbon methanol from stranded methane, announced today a $40 million Series B financing round led by Conifer Infrastructure Partners. The existing Series A investors, including Breakthrough Energy Ventures (BEV), Eni Next, Add Ventures by SCG, and Autodesk Foundation, are joining the round.

Vecna Robotics: Flexible Material Handling Automation Solutions Company Raises $100 Million In Series C

By Amit Chowdhry ● Jun 25, 2024

Vecna Robotics, a leader in flexible material handling automation solutions, announced its Series C round closing at $100 million, with $40 million in new funding including equity and debt, nearly doubling the company valuation from the previous round. Tiger Global Management, Proficio Capital Partners, and IMPULSE joined in the round.

Kinetic: Automotive Infrastructure Company Secures $21 Million In Series B

By Amit Chowdhry ● Jun 25, 2024

Kinetic, an automotive infrastructure company that delivers digital maintenance and servicing for EVs and AVs through its network of service centers, announced it has secured $21 million in Series B funding, led by Menlo Ventures. Other participants in the round include returning investors Lux Capital, Construct Capital, and Haystack Ventures, along with new investors Allstate Strategic Ventures and Liberty Mutual Strategic Ventures.

QpiAI: AI/Quantum Computing Company Raises $6.5 Million In Pre-Series A Funding

By Amit Chowdhry ● Jun 25, 2024

QpiAI announced it closed its first external investment, a pre-series A funding of $6.5 million led by Yournest and SVCL. WFC, Ramesh Radhakrishnan, Ramaswamy Prabhakar, Quick Heal Security founders Kailash Katkar and Sanjay Katkar and their family office, Lakshmi Lakshmeenarayanan, Bhupinder Singh, Pratap Reddy, Sahasra Capital, and other angels also joined the round. Debraj Banerjee from SIDBI Venture Capital will be joining the board of QpiAI as a nominee.

Verituity: Verified Payout Platform Company Secures $18.8 Million In Funding

By Amit Chowdhry ● Jun 25, 2024

Verituity - a leading provider of verified payout solutions - announced the closing of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. In connection with the funding, Chris Zock, Managing Partner and Co-CEO of Sandbox Industries will join Verituity’s board of directors.