Startups

Constructor: AI-Based Product Discovery Platform Company Raises $25 Million At $550 Million Valuation

By Amit Chowdhry ● Jun 18, 2024

Constructor, a leading AI-powered product discovery and search platform for enterprise e-commerce companies, announced that it has closed a $25 million Series B round. This funding round brought the company's valuation to $550 million. Sapphire Ventures led the round with participation from existing investor Silversmith Capital Partners.

Gracia AI: Photorealistic Spatial Content Company Raises $1.2 Million

By Amit Chowdhry ● Jun 18, 2024

Gracia AI, an AI-based technology company, designed for professional creators and media companies to create first-of-its-kind photorealistic volumetric videos for Spatial Computing with six degrees of freedom viewing, announced it raised $1.2 million in seed funding from The Venture Reality Fund, Triptyq Capital, LVL1 Group, and Future Fund.

Scoop Analytics Secures $3.5 Million To Expand Platform

By Amit Chowdhry ● Jun 18, 2024

Scoop Analytics, a business analytics tool powered entirely by spreadsheets, announced today it has raised $3.5 million in seed funding. Scoop will use the new funding round to expand the features of its solution - which is the first ever to make it easy for anyone with spreadsheet skills to get data from any application, blend data from different sources, and tell visually compelling data stories with slide presentations based on live, drillable data to advance their business.

Finaloop: E-Commerce Accounting Company Raises $35 Million

By Amit Chowdhry ● Jun 17, 2024

Finaloop, a real-time e-commerce accounting platform, announced it has raised a $35 million Series A round. Lightspeed Venture Partners led the round with participation from Vesey Ventures, Commerce Ventures, and existing investors, Accel and Aleph.

CargoSense: $8 Million Raised To Develop Software Automation For Supply Chains

By Amit Chowdhry ● Jun 17, 2024

CargoSense, a platform that drives transformative supply chain automation using visibility data, announced today an initial close on an $8 million Series A investment round, led by Lanza techVentures. Merck Global Health Innovation Fund (MGHIF) has joined the round as a strategic investor, along with SmoothBrain, channel partner The Pallet Alliance, and other previous private investors in CargoSense.

Swift Solar Closes $27 Million To Develop Advanced Perovskite Photovoltaics

By Amit Chowdhry ● Jun 17, 2024

Swift Solar, a leading American solar technology company developing advanced perovskite photovoltaics that was founded in 2017 by a global team of leading solar technologists, the company is a spinout of MIT, Stanford University, and the National Renewable Energy Laboratory (NREL), announced the closing its $27 million Series A financing round. This milestone is a major step forward for U.S. manufacturing of advanced perovskite solar technology. The funding round was co-led by Eni Next and Fontinalis Partners. Eni Next (the corporate venture capital arm of Eni). Also joining the funding round are new and existing investors including Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin, and Climate Capital.

Learn To Win: Enterprise SaaS Training Company Raises $30 Million

By Amit Chowdhry ● Jun 17, 2024

Learn to Win, a leading provider of personalized, predictive, and secure enterprise training software, announced it has raised an oversubscribed $30 million in Series A funding led by the Westly Group, with follow-on participation from Norwest Venture Partners and Pear VC. This funding round accelerates the company's progress to scale its modern training platform that transforms the way people learn essential information in high stakes environments.

Ship Angel: AI-Native International Shipper Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 17, 2024

Ship Angel, a transformative AI-native platform for international shippers, announced it has raised $5 million in funding co-led by Glasswing Ventures and newark venture partners (nvp), with participation from Bienville Capital, Socii Capital, and Plug and Play. This funding supports the expansion of Ship Angel's ocean and air freight Rate Management Platform, including the launch of two AI-powered solutions designed to optimize beneficial cargo owners' (BCOs) workflows. These solutions were unveiled at the Plug and Play Silicon Valley June 2024 Summit.

DexCare Reveals 3 New Strategic Partners

By Amit Chowdhry ● Jun 17, 2024

DexCare revealed the addition of three strategic investors: Community Health Network, Tampa General, and Texas Health Resources. These partners join a solid bench of health system investors, including Providence, Kaiser Permanente, and Mass-General Brigham. Backed with industry insiders, DexCare has the capital runway to accelerate market adoption of its care orchestration platform, which enables health systems to serve more patients with the same clinical resources. The additional partners are part of the Series C funding round led by ICONIQ Growth.

BlinqIO: Autonomous Gen AI Software Testing Company Raises $5 Million

By Amit Chowdhry ● Jun 17, 2024

Leading generative-AI (Gen AI) software testing platform BlinqIO announced a $5 million funding round, led by Flint Capital and key executives from Silicon Valley. This funding round will assist the first-ever AI test automation engineer in rolling operations across the US and help solve the major lack of test programmers for enterprises globally. BlinqIO is unique for companies and software teams in that test scripts and maintenance are carried out by generative AI without needing any human intervention.

Nada: Seed Extension Raised And Tore Steen Named As New CEO

By Amit Chowdhry ● Jun 17, 2024

Nada, an investment tech platform that bridges homeowners and investors through home equity, announced the appointment of Tore Steen as its new Chief Executive Officer (CEO) and President. Steen - who has been serving on Nada's Board of Directors and will assume his new role, guiding Nada’s mission to revolutionize real estate wealth. Nada has also secured new funding as a seed extension led by repeat investors LiveOak Ventures and 7BC Venture Capital.

Canary Technologies: AI-Based Hotel Guest Company Raises $50 Million

By Amit Chowdhry ● Jun 17, 2024

Canary Technologies, a global leader in hotel guest management technology, announced that it has closed a $50 million Series C funding round. This round was led by Insight Partners, who also led the company's Series B, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures. This brings Canary's total funding to date to nearly $100 million.

Radian Arc: Infrastructure As A Service Company Raises $9 Million

By Amit Chowdhry ● Jun 17, 2024

Radian Arc, an Infrastructure as a Service (IaaS) provider specializing in cloud gaming and artificial intelligence (AI), announced the successful closing of its Series B funding round at $9 million. And this funding round was led by BITKRAFT Ventures, a renowned gaming and web3 venture capital firm, with significant participation from industry leaders AMD Ventures, Boston, and Saffelberg.

ElmediX: Up To Є5 Million For Series A Following Strong Signals In Pancreatic Cancer Patient Clinical Study

By Amit Chowdhry ● Jun 16, 2024

Scientists from Columbia University in New York showed that the growth rate of pancreatic cancer, measured in patients' blood using CA19-9 as biomarker, determines survival chances and can be used as a quick way to assess treatment effectiveness. And at the end of a treatment cycle, the patient and the treating physician have a clear view of the treatment's effectiveness. ElmediX is demonstrating strong signals of effectiveness of its new hyperthermic treatment in a clinical study for pancreatic cancer patients at the University Hospital Antwerp (UZA in Belgium) based on the CA19-9 platform. This treatment platform influences multiple pathways to treat the tumor.

Indico Data: $19 Million Closed To Automate Intake Workflows Across Policy Lifecycles

By Amit Chowdhry ● Jun 16, 2024

Indico Data, a leading solution for the automating of critical intake workflows across the policy lifecycle, announced the closing of a $19 million funding round with a strategic investment from Guidewire, a platform for Property and Casualty (P&C) insurers. This funding and partnership with Guidewire will drive Indico Data's goal of delivering AI technology to enable enterprises to make better decisions with better data, driving improved operational efficiencies and top-line revenue growth.