Startups

GovCIO: $2 Billion Maverick DoD NSIN Task Order Signed

By Amit Chowdhry ● Sep 19, 2024

GovCIO—a provider of advanced technology solutions, cyber, and digital services for the federal government—was awarded a five-year, single-award, $2 billion General Services Administration (GSA) Alliant 2 task order in support of the Department of Defense (DoD).

Novatus Global: $40 Million Growth Investment Raised From Silversmith Capital

By Amit Chowdhry ● Sep 18, 2024

Novatus Global, a provider of regulatory technology solutions to global financial institutions, announced it has secured a $40 million investment from Silversmith Capital Partners.

Reshape Automation: $5 Million (Seed) Closed To Transform Industrial Automation

By Amit Chowdhry ● Sep 18, 2024

Reshape Automation, an AI-based solution that transforms industrial automation from discovery to deployment, has raised $5 million in seed funding. The round was led by Ironspring Ventures and included new investors Haystack, Supply Chain Ventures, Remus Capital, and Expansion VC, and renowned angel investors, including Amar Hanspal, former co-CEO of Autodesk, alongside existing investors Schematic Ventures and Bee Partners.

Cohora: Customer Activation And Engagement Company Secures $2.5 Million (Additional Seed)

By Amit Chowdhry ● Sep 18, 2024

Customer activation and engagement platform company Cohora announced it raised a $2.5 million round of additional seed funding. This funding round was led by Volition Capital and PJC and will be used to fuel the company’s next stage of growth by bolstering sales and marketing efforts, continuing product enhancement and supporting early customers in the cosmetics, fashion and travel sectors.

Gestalt Tech: Unified Data Ecosystem Company Raises $5.9 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Gestalt Tech, a unified data ecosystem that accelerates insights and AI adoption for lenders, announced a $5.9 million seed round led by Alpha Edison and Yamaha Motor Ventures, with participation from others including Alloy Labs, Newtype Ventures, Sentiero, Long Run Capital. Stephanie Hanson co-founded Gestalt with Ensemblex, a venture studio founded by fintech veterans focused on the future of funding.

AceUp: AI-Based Team Transformation Company Raises $22.5 Million Series A

By Amit Chowdhry ● Sep 18, 2024

AceUp, an AI-based Team Transformation Engine, announced a $22.5 million Series A funding round. This round was led by PJC, Techstars Ventures, Gaingels Ventures, Water Bear Ventures, and Launchpad Venture Group.

Aembit: Identity And Access Management Company Secures $25 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Aembit, a leading non-human identity and access management (IAM) company, has secured $25 million in Series A funding, bringing the total capital raised to nearly $45 million. Acrew Capital led the funding round, which included existing investors Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund.

Cavela: $2 Million Raised To Transform How Brands And Businesses Source Products

By Amit Chowdhry ● Sep 18, 2024

Cavela has officially launched to transform how brands and businesses source products, using AI-driven automation to connect them with premium manufacturers worldwide at optimal cost. Cavela also announced a $2 million funding round led by XYZ Venture Capital, with additional support from Propel Ventures and Go Global Ventures.

Safi Biotherapeutics: Manufactured Red Blood Cells Company Raises $5 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Safi Biotherapeutics—a company launched by former DARPA, Vertex, MIT, and MGH leaders—is leading the development of manufactured red blood cells (mRBCs) as an alternative to donor blood transfusions. The company recently announced a $5 million seed funding round led by J2 Ventures, which complements over $15 million in funding from the U.S. Department of Defense.

RunSafe Security: $12 Million (Series B) Raised To Immunize Software From Cyberattacks

By Amit Chowdhry ● Sep 18, 2024

RunSafe Security, a pioneer of a patented process to immunize software from cyberattacks without developer friction, announced the completion of a $12 million Series B financing round. This funding round, which includes participation from new and existing investors, will accelerate new product development and market expansion to EMEA and APAC.

SceyeSceye: Aerospace Company Raises Series C At $525 Million Valuation

By Amit Chowdhry ● Sep 18, 2024

Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced it has closed a Series C funding round. Mawarid Holding Company, a Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions, led the round.

Bounti: Autonomous AI Products Leader Raises $16 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Bounti, a leader in autonomous AI products, recently emerged from stealth and announced it has secured $16 million in seed funding led by Google Ventures, with participation from Floodgate, Bloomberg Beta, Haystack, Octave Ventures, and MS&AD. The company also announced that Silicon Valley veteran Lew Cirne (founder of New Relic) is its first independent board member.

Clasp: Recruitment Platform Company Raises Over $10 Million

By Amit Chowdhry ● Sep 18, 2024

Clasp (formerly known as Stride Funding) has closed an oversubscribed venture round of over $10 million led by Crosslink Capital, bringing the total funding to over $30 million. Other new strategic investors include SHRM and individuals like Marc Weill, whose family is known for its contributions to leading healthcare institutions.

DeltaStream: Serverless Stream Processing Company Secures $15 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Serverless stream processing platform DeltaStream announced it had raised $15 million in Series A funding from New Enterprise Associates (NEA), Galaxy Interactive, and Sanabil Investments. This funding will accelerate the company’s vision of enabling a complete serverless stream processing platform to manage, secure, and process all streaming data, irrespective of data source or pipeline.

Nomic Bio: Protein Profiling Company Raises $42 Million (Series B)

By Amit Chowdhry ● Sep 18, 2024

Protein Profiling company Nomic Bio announced it raised $42 million in Series B funding. This funding round will enable Nomic to accelerate the expansion of its commercial operations, further invest in advancing its state-of-the-art protein profiling platform, and broaden its transformative offerings to meet the growing demand.

Nura Bio: Neuroprotective Therapy Company Closes $68 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Nura Bio, a clinical-stage biopharmaceutical company developing neuroprotective and small molecule therapies for treating debilitating neurological diseases, announced the closing of over $140 million in Series A funding. And this includes adding $68 million to the initial Series A round of $73 million which was announced in 2020. This funding round was led by founding investor The Column Group, with participation from continuing investors Samsara Bio Capital and Euclidean Capital and new investor Sanofi Ventures.

AttoTude: AI And Hyperscale Data Center Applications Company Secures $29 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

AttoTude, a leader in interconnect technology for AI and hyperscale data center applications, announced a Series A funding round of $29 million. This funding round follows AttoTude’s initial Seed Round, which raised $11 million in March 2024. A combination of prominent investors, including Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital funded this funding round.

Sigo Seguros: Insurtech Company Raises $10.5 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Sigo Seguros, a digital-first non-standard auto insurance brand that is eliminating extra fees, announced it has raised a $10.5 million Series A led by Varco Capital and returned investor Listen. Angeles Ventures and Flintlock Capital participated in the round, as did existing investors Zeal Capital Partners, Rise of the Rest, and Fiat Ventures. Varco Capital is the family office of Rafael and Carlos Varela, the founders of Pronto Insurance, a leading non-standard auto franchise.

Polly: Mortgage Capital Markets Operator Company Secures $25 Million

By Amit Chowdhry ● Sep 17, 2024

Polly, a leading provider of mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), announced $25 million in new growth equity capital.

AMI: Majority Investment Raised From THL Partners

By Amit Chowdhry ● Sep 17, 2024

Dynamic Firmware leader AMI announced that it will receive a majority investment from THL Partners, a premier private equity firm investing in middle-market growth companies. AMI offers leading technology companies silicon-level software (Dynamic Firmware) required to power, boot, manage, orchestrate, and secure modern computing environments. The strategic investment will accelerate AMI’s product expansion as it serves global silicon designers, device manufacturers, and cloud service providers.

FlightLogger: Flight School Management Company Raises Funding From Arcadea Group

By Amit Chowdhry ● Sep 17, 2024

FlightLogger, a leading cloud-based flight school management software provider, announced it has secured an additional, significant growth investment from Arcadea Group, a permanent capital investor in high-growth VSaaS companies. This marks the second growth equity funding led by Arcadea in FlightLogger, with the first completed in 2022.

Catalera: Biological Pest Control Company Raises Series A Funding Round

By Amit Chowdhry ● Sep 17, 2024

Catalera BioSolutions, an innovator in biological pest control solutions, announced the initial closing of its Series A funding round. Launched in the middle of May, Catalera is an independent company spun out of Terramera, an ag-tech company based in Vancouver.

Chicory: Significant Growth Investment Raised From SEVA

By Amit Chowdhry ● Sep 17, 2024

Chicory, a leading end-to-end contextual commerce media platform, announced that it has received a minority investment from SEVA I LP, a growth equity firm exclusively focused on serving customer-centric founders building profitable and technology-enabled companies.

Forterra: Self-Driving Technology Company Raises $75 Million (Series B)

By Amit Chowdhry ● Sep 17, 2024

Leading self-driving technology company Forterra announced it has raised $75 million in Series B funding. This funding round was more than 2.5x oversubscribed.

StackGen: Infrastructure From Code Company Raises $12.3 Million (Seed)

By Amit Chowdhry ● Sep 17, 2024

StackGen (formerly appCD), a generative infrastructure from code company, announced it has raised $12.3 million in seed funding and appointed Arshad Sayyad as Chief Business Officer. This funding round was led by Thomvest Ventures, with existing investors, FireBolt Ventures, WestWave Capital, and Secure Octane participating. And StackGen will utilize the funding to accelerate product development, enhance its go-to-market strategy, and fuel company growth.

Smartcat: Enterprise Language AI Company Raises $43 Million (Series C)

By Amit Chowdhry ● Sep 17, 2024

Enterprise language AI company Smartcat announced it raised $43 million in Series C funding. This funding round was led by Left Lane Capital.

RevBio: $2.4 Million NIH Grant Awarded From NINDS

By Amit Chowdhry ● Sep 17, 2024

RevBio announced that it was awarded a $2.4 million Phase II Small Business Innovation Research (SBIR) grant from the National Institute of Neurological Disease and Stroke (NINDS), which is part of the National Institutes of Health (NIH). This two-year grant (1R44NS135736-01A1) will allow the company to complete a 20-patient pilot clinical trial to examine the safety and efficacy of the company’s bone adhesive biomaterial called TETRANITE and it will be used to immediately fixate cranial flaps and enable bone fusion following craniotomy procedures associated with brain surgery.

Alosant: Customer Experience Platform Company Raises Series A Funding

By Amit Chowdhry ● Sep 17, 2024

Alosant, a leading customer experience platform for master-planned communities, announced it has raised Series A funding led by the esteemed Greg Avis, co-founder and former Managing Director of Summit Partners. This milestone, coupled with the strategic addition of key leadership and ongoing growth, propels Alosant's goal of enhancing community connections through innovative mobile technology.

Wealth.com: Estate Planning Platform Company Raises $30 Million (Series A)

By Amit Chowdhry ● Sep 17, 2024

End-to-end estate planning platform Wealth.com announced that it has raised $30 million in Series A funding led by GV (formerly Google Ventures). This investment validates the growing significance of combining scalable next-generation technology with the essential human touch that is required for financial planning.

Aucctus: AI-Based Innovation Management Platform Raises $1.5 Million

By Amit Chowdhry ● Sep 16, 2024