Startups

YourSix: Cloud Physical Security Solutions Company Raises $10.5 Million

By Amit Chowdhry ● Jun 14, 2024

YourSix, a cloud physical security solutions leader, announced that it has raised $10.5 million in Series A funding, led by Vocap Partners and joined by Eastside Partners. This funding round will accelerate growth, increase market presence, and advance its vision of transforming the delivery of commercial physical security solutions.

FLO: $136 Million Raised To Expand North American Charging Network

By Amit Chowdhry ● Jun 13, 2024

North American electric vehicle (EV) charging network operator and smart charging solutions provider FLO announced it has secured $136 million in long-term capital, principally from a Series E equity financing, led by Export Development Canada (EDC), to support the company's continued growth in the U.S. and Canada and accelerate the deployment of its reliable charging network.

Cyberhaven: $88 Million Secured To Protect Enterprise Data

By Amit Chowdhry ● Jun 13, 2024

Cyberhaven, a leader in data detection and response (DDR), announced it has raised $88 million in Series C funding led by Adams Street Partners and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital. Prominent security leaders such as Amol Kulkarni (former CPO at CrowdStrike), Gerhard Eschelbeck (former CISO at Google), Ash Devata (former GM of Duo at Cisco), and others also participated.

XONA: Zero-Trust User Access Company Raises $18 Million

By Amit Chowdhry ● Jun 13, 2024

XONA, a developer of a leading zero-trust user access platform for industrial operations, announced the closing of an $18M strategic funding round led by established cyber investor Energy Impact Partners (EIP), bringing the company's total funding to $32 million.

Mad Mobile: Restaurant And Retail Payment Solutions Company Secures $50 Million

By Amit Chowdhry ● Jun 13, 2024

Mad Mobile, a restaurant and retail SaaS and payment solutions company, announced the closure of a $50 million financing agreement. This funding (managed by Morgan Stanley Expansion Capital and Bridge Bank) will be strategically utilized to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and drive sales growth.

Better Health: Support And Supplies Platform Company Raises $14 Million

By Amit Chowdhry ● Jun 13, 2024

Better Health, a medical supply and support provider built on peer-to-peer connection, announced today a $14 million strategic funding round which included investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth - University of Miami Health System, and Mosaic General Partnership. This investment underscores the industry’s recognition of Better Health’s pivotal role in revolutionizing healthcare delivery for chronic conditions.

Pyte: Computation Security Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

Pyte, a secure computation platform for data-first global enterprises, today announced $5 million in additional capital, bringing the total funding to over $12 million. This funding round was led by Myriad Venture Partners with participation from Innovation Endeavors, Liberty Mutual Strategic Ventures, Pillar VC, and others. Dean Mai (co-founder and managing partner for Myriad Venture Partners) will also join Pyte’s Board of Directors.

AirMDR: AI-Based Autonomous Managed Detection And Response Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

AirMDR, an AI-based Autonomous Managed Detection and Response (MDR), announced the closing of a $5 million Seed round of financing. This funding round was led by Foundation Capital with participation by Storm Ventures.

Ashby: $30 Million Raised To Help Companies Scale Hiring Processes

By Amit Chowdhry ● Jun 12, 2024

Ashby, a recruiting platform that helps companies efficiently scale hiring, announced it has raised an additional $30 million in equity financing. Lachy Groom, who also led Ashby's seed round, led the Series C funding round, which included participation from Elad Gil, F-Prime, Y Combinator, and existing Ashby customers. So far, the company has raised roughly $70 million.

Tobiko Data: $4.5 Million Raised To Invest In Open Source Projects SQLMesh And SQLGlot

By Amit Chowdhry ● Jun 12, 2024

Data infrastructure company Tobiko Data announced that it has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. And Tomasz Tunguz (founder of Theory Ventures) will join the Board as part of the investment. This brings the company’s total funding raised to $21.8 million.

Dive: Particle-Based Simulation Company Raises $10 Million

By Amit Chowdhry ● Jun 12, 2024

Berlin-based Dive Engineering Software, a pioneering cloud-native and particle-based simulation software company, announced it raised a $10 million Series A led by the D. E. Shaw group to elevate how manufacturing enterprises engineer products through fluid simulation. Additional investors included First Momentum Ventures, Segenia Capital, and Senovo Capital.

WindBorne Systems: $15 Million Raised To Scale Balloon Constellation

By Amit Chowdhry ● Jun 12, 2024

Atmospheric sensing system company WindBorne Systems announced $15 million in Series A funding led by Khosla Ventures, which will take a board seat. And existing investors Footwork VC, Pear VC, and Convective Capital also joined the round.

AcuityMD: $45 Million Raised To Advance Commercial Intelligence Platform For Medical Technology Manufacturers

By Amit Chowdhry ● Jun 12, 2024

AcuityMD announced $45 million in new funding to expand its commercial intelligence platform and advance the company’s mission of accelerating the adoption of medical technology (MedTech). The Series B round was led by ICONIQ Growth, with additional participation from Atreides Management and Stepstone Group and existing investors Redpoint Ventures, Benchmark Capital, and Artisanal Ventures.

Axena Health: Female Pelvic Health Company Secures Over $9 Million

By Amit Chowdhry ● Jun 12, 2024

Axena Health, a medical device company emphasizing female pelvic health, announced it has closed on an additional $9.4 million in its Series A fundraising. Cross-Border Impact Ventures (CBIV) co-invested along with existing investors AXA IM Alts through its Global Healthcare Private Equity Strategy, KOFA Healthcare, and Avestria Ventures.

Neural Concept: Engineering AI Platform Company Closes $27 Million In Funding

By Amit Chowdhry ● Jun 12, 2024

Neural Concept, a leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, announced that it has raised $27 million in a Series B funding round. The funding round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating.

Fizz: $14.4 Million Secured To Provide Young People With Debit Cards

By Amit Chowdhry ● Jun 12, 2024

Fizz has announced it has raised a $14.4 million Series Seed round to provide young people with a debit card that helps them avoid overspending. The funding was led by Kleiner Perkins, with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.

Doowii: $4.1 Million Raised To Build Data Analytics Solutions For Educators

By Amit Chowdhry ● Jun 12, 2024

Doowii, a provider of AI-driven data analytics solutions for educators, announced the successful closure of its latest fundraising round, securing $4.1 million in investments. This funding round included participation from prominent institutional investors, including GSV Ventures, Better Ventures, Avesta Fund, Imagine Learning Ventures, Strada Education Foundation, Reach Capital, and Common Sense Growth Fund.

Bem: AI Data Interface Company Raises $3.7 Million

By Amit Chowdhry ● Jun 12, 2024

Bem, an AI data interface company building an advanced and easy-to-use platform that functions as a universal communication protocol, announced it raised $3.7 million in seed funding. Uncork Capital led the round, which included participation from Kevin Mahaffey, Roar Ventures, and renowned angel investors, including Garry Tan.

Aymium: $210 Million Raised To Finance Construction Of Biocarbon Production Facility In California

By Amit Chowdhry ● Jun 12, 2024

Aymium - a leading producer of renewable biocarbon products - closed $210 million of financing to construct a biocarbon production facility in Williams, California. This facility will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation worldwide.

Texas Woman’s University Launches Virtual Training For Startups

By Amit Chowdhry ● Jun 12, 2024

The Jane Nelson Institute for Women’s Leadership’s Center for Women Entrepreneurs (CWE) at Texas Woman’s University launched a virtual training program to help early-stage entrepreneurs to start this businesses. The CWE is now accepting applications for the CWE Virtual Accelerator.

PostPilot Raises Strategic Funding From Summit Partners And Klaviyo Founders

By Amit Chowdhry ● Jun 12, 2024

Direct-mail marketing company PostPilot announced a strategic investment from global growth equity firm Summit Partners, with participation from Klaviyo founders Andrew Bialecki and Ed Hallen.

Anterior: $20 Million Raised To Drive Healthcare Administrative Efficiencies

By Amit Chowdhry ● Jun 12, 2024

Anterior (previously named Co:Helm), an AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. This funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo.

iPiD: Payee Verification Company Raises $5.3 Million In Pre-Seed Funding

By Amit Chowdhry ● Jun 12, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it had secured $5.3 million in a pre-Series A funding round. This oversubscribed funding round was led by Monk’s Hill Ventures. They are joined by global fintech venture funds QED Investors and Quona Capital, along with existing partners Jungle Ventures, 1982 Ventures, Saison Capital, and Resolution Ventures.

OnStation: $8.5 Million Raised To Advance Digital Stationing Solutions For Heavy Highway Industry

By Amit Chowdhry ● Jun 12, 2024

OnStation, a leading provider of digital stationing solutions for the heavy highway industry, announced the closing of its $8.5 million Series A round. The funding round was led by JumpStart Ventures (NEXT II Fund) and included participation from VisionTech Partners, Frontier Angels, Up2 Opportunity Fund, JobsOhio Growth Capital Fund, Next Chapter Ventures, North Coast Ventures, New Dominion Angels, and other angel investors.

Nexus: Zero-Knowledge Proofs Cryptography Company Raises $25 Million

By Amit Chowdhry ● Jun 12, 2024

Nexus Laboratories, a zero-knowledge cryptography company, announced it raised $25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital. This funding round included participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Whoosh: Advanced Club Operations Platform Raises $10.3 Million

By Amit Chowdhry ● Jun 12, 2024

Whoosh, an advanced club operations software solution, announced the closing of its $10.3 million Series A funding round, led by AlleyCorp. And additional institutional investors participating in the round include 8VC, Alaris Capital, Bienville, Craft Ventures, Eberg Capital, Operator Partners, and Raptor Group.

HYPR: Identity Assurance Company Raises $30 Million

By Amit Chowdhry ● Jun 12, 2024

Identity Assurance Company HYPR announced a $30 million investment from Silver Lake Waterman to accelerate technological advancements and combat the rising threat of generative AI-driven credential-based attacks.

Relay: $35 Million Secured To Improve Productivity For Frontline Teams

By Amit Chowdhry ● Jun 12, 2024

Relay, a cloud-based communications platform designed to improve productivity and safety for frontline teams, announced $35 million in Series B funding. G2 Venture Partners led the round, which included participation from existing investors Wind River Ventures and Sovereign's Capital.

Kardium: $104 Million Raised To Help Treat Atrial Fibrillation

By Amit Chowdhry ● Jun 11, 2024

Kardium, the developer of the Globe Mapping and Ablation System for the treatment of atrial fibrillation, announced it has raised $104 million in a new funding round. This funding round is led by existing investor Fidelity Management & Research Company, together with follow-on participation by funds and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management and new investor Durable Capital Partners LP.

Cube: $25 Million Raised To Help Companies Manage And Optimize Analytics Workflows

By Amit Chowdhry ● Jun 11, 2024

Cube, the provider of the universal semantic layer for every data app, announced it completed a $25 million funding round with new investor Databricks Ventures and was joined by all the previous investors, including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. And 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube's Board of Directors.