Startups

Binarly: Supply Chain Security Platform Company Raises $10.5 Million

By Amit Chowdhry ● Mar 26, 2024

Binarly, a provider of an AI-powered firmware and software supply chain security platform, announced the closing of a $10.5 million seed funding round. The oversubscribed funding round was led by Two Bear Capital, with participation from Blu Ventures, Canaan Partners, Cisco Investments, and Liquid 2 Ventures. The pre-seed investors Westwave Capital and Acrobator Ventures also expanded on their equity positions.

Protembis: Cardiovascular Medical Device Company Raises €30 Million

By Amit Chowdhry ● Mar 26, 2024

Protembis - a privately-held emerging cardiovascular medical device company - announced the completion of a €30 million Series B funding round for supporting the enrollment of the PROTEMBO Investigational Device Exemption (IDE) Pivotal Trial (NCT05873816).

Avenzo Therapeutics: $150 Million Raised To Develop Oncology Therapeutics

By Amit Chowdhry ● Mar 26, 2024

Avenzo Therapeutics - a clinical-stage biotechnology company developing next-generation oncology therapeutics - announced the closing of an oversubscribed $150 million Series A-1 financing. This funding round included nine new investors and was led by New Enterprise Associates (NEA), Deep Track Capital, Sofinnova Investments, and Sands Capital, with participation from additional new investors, including INCE Capital, TF Capital, Delos Capital, and Quan Capital. The total funding since the company’s founding in August 2022 is $347 million.

OneNotary: On-Demand Notarization Provider Secures $5 Million

By Amit Chowdhry ● Mar 26, 2024

OneNotary, a leading on-demand notarization provider, announced it closed a $5 million Series A and entered a deal with DocuSign to provide a third-party notary network to DocuSign customers. Jackson Square Ventures led this funding round, with participation from DocuSign founder Tom Gonser and existing investors DocuSign Ventures, GoodPaper Ventures, Digital Future, and The LegalTech Fund.

Bedrock Security: Frictionless Data Security Company Raises $10 Million

By Amit Chowdhry ● Mar 26, 2024

Abstract Security: $8.5 Million Raised To Centralize The Management Of Security Analytics

By Amit Chowdhry ● Mar 26, 2024

nsave: $4 Million Raised To Help Individuals From Distressed Economies

By Amit Chowdhry ● Mar 26, 2024

nsave - a fintech company focused on offering safe and secure accounts and payments for individuals from distressed economies - announced the closing of its first round of seed funding at $4 million. Sequoia Capital and TQ Ventures co-led the funding round with participation from Y Combinator, SV Angel, ACE Ventures, and FONGIT (the State of Geneva organization supporting tech startups).

Sandfly Security: Agentless Linux Security Company Raises Seed Funding

By Amit Chowdhry ● Mar 26, 2024

Sandfly Security, an agentless Linux Security company, announced it secured seed funding from Gula Tech Adventures and Sorenson Capital to meet growing market demand for its comprehensive Linux security solution.

Edgewood Oncology Closes $20 Million To Help Patients With Hematologic Malignancies And Genetically-Defined Solid Tumors

By Amit Chowdhry ● Mar 26, 2024

Edgewood Oncology (a clinical-stage biotechnology company focused on delivering BTX-A51 to patients with hematologic malignancies and genetically defined solid tumors) has emerged from stealth mode with $20 million in Series A funding backed by Alta Partners to advance the clinical development of BTX-A51 in acute myeloid leukemia (AML) and a precision medicine approach to breast cancer.

Eliyan: Chiplet Interconnect Company Raises $60 Million

By Amit Chowdhry ● Mar 26, 2024

Eliyan, a company known for inventing the semiconductor industry’s highest-performance and most efficient chiplet interconnect, announced the closing of its latest funding round, totaling $60 million. The round was co-led by Samsung Catalyst Fund and Tiger Global Management and included participation from existing investors, including Intel Capital, SK hynix, Cleveland Avenue, Mesh Ventures, and others.

Circular: Sustainable Sourcing Platform Company Raises $10.5 Million

By Amit Chowdhry ● Mar 25, 2024

Circular.co, a leading sustainable sourcing platform, announced it raised $10.5 million to expand its massive database of post-consumer recycled (PCR) materials and the accompanying platform, which streamlines the buying and selling of PCR materials.

Foundational: $8 Million Raised To Identify And Prevent Data Issues With Advanced Analysis

By Amit Chowdhry ● Mar 25, 2024

Foundational - a company that uses advanced analysis to identify and prevent data issues in data platforms - announced its general availability with $8 million in seed funding. The funding round was led by Viola Ventures and Gradient (Google's AI-focused venture fund), with participation from Asymmetric Venture Partners and executives from Datadog, Intuit, Meta, Wiz, and others.

Finite State: Software Risk Management Company Raises $20 Million

By Amit Chowdhry ● Mar 25, 2024

Finite State - a leader in comprehensive software risk management for the connected world - announced that it raised a $20 million growth round led by Energy Impact Partners (EIP).

Goalsetter: Wealth Building And Financial Education Company Raises $9.6 Million

By Amit Chowdhry ● Mar 25, 2024

Goalsetter, a spending, saving, wealth-building, and financial education platform, announced the closing of a $9.6 million Series A extension round. This newest funding round for Goalsetter was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund. The Series A investors Fiserv, Webster Bank, Seae Ventures, Astia Fund, and Partnership Fund for New York City participated in the round, along with new investors Reseda Group and InTouchCU.

FundGuard: Investment Management Platform Company Raises $100 Million

By Amit Chowdhry ● Mar 25, 2024

FundGuard - a fully cloud-native and AI-powered multi-asset class investment accounting platform for asset managers, asset owners, custodian banks, and fund administrators - announced today the successful closing of its Series C funding round, amounting to $100 million. Key1 Capital and new investors led this latest funding round, including Euclidean Capital and funds managed by Hamilton Lane. And this funding round also saw strong participation from existing strategic investors Blumberg Capital and Team8.

Airvine: Intelligent Broadband Wireless Backhaul Company Raises $6.2 Million

By Amit Chowdhry ● Mar 25, 2024

Mirador Therapeutics: Over $400 Million Raised To Develop Precision Medicines For Immune-Mediated Diseases

By Amit Chowdhry ● Mar 25, 2024

Mirador Therapeutics - a company founded by Mark C. McKenna and led by several former executives of Prometheus Biosciences (acquired in 2023 by Merck for $10.8 billion) - launched this month. Mirador has raised over $400 million in financing led by ARCH Venture Partners, with early investments from OrbiMed and Fairmount. Other premier life sciences investors also joined, including Fidelity Management & Research Company, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl Healthcare Opportunities, Sanofi Ventures, Woodline Partners, Venrock Healthcare Capital Partners, RTW Investments and Alexandria Venture Investments.