Startups

Foundry: $80 Million Raised To Make Accessing AI Computing Simpler

By Amit Chowdhry ● Mar 24, 2024

Foundry, a new type of public cloud for AI/ML workloads, announced $80 million in seed and Series A funding to orchestrate the world’s computing capacity and make it universally accessible and useful. Sequoia Capital and Lightspeed Venture Partners co-led the funding round, including Redpoint, Microsoft Ventures (M12), Conviction, NEA, and other technical minds.

Pandion: E-Commerce Residential Delivery Company Raises $41.5 Million

By Amit Chowdhry ● Mar 24, 2024

Pandion - a parcel network built for e-commerce residential delivery and launched by Amazon Air founder Scott Ruffin - announced a $41.5 million Series B funding round led by Revolution Growth. Additional investors in the round included existing investors Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, Schematic Ventures, and new investors Proof and Sentinel Global.

BlueFlag Security: Identity-Based Developer Security Company Closes $11.5 Million

By Amit Chowdhry ● Mar 24, 2024

BlueFlag Security announced it raised an $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures with participation from Pier 88 Investment Partners. This funding round will fund the development of BlueFlag’s SDLC security and governance platform - which delivers end-to-end and identity-centric protection across the development lifecycle from code to production.

Coast: Fleet-Focused B2B Card Payments Infrastructure Company Raises $92 Million

By Amit Chowdhry ● Mar 23, 2024

Coast - a company that offers a simple and smart way for companies in the US to manage fuel and fleet spending - announced it has raised $92 million in new funding. This funding round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, Better Tomorrow Ventures, and new investor Vesey Ventures. And the company secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

Ediphi: Estimating Solution Company Secures $12 Million

By Amit Chowdhry ● Mar 23, 2024

Cloud-based estimating solution Ediphi announced it has raised $12 million in Series A funding led by Norwest Venture Partners. The funding will expand its team, invest in product innovation through R&D, and grow its market share.

Profluent: Protein Design Company Raises $35 Million

By Amit Chowdhry ● Mar 23, 2024

Protein design company Profluent announced it raised $35 million in funding led by Spark Capital, with participation from existing investors Insight Partners and Air Street Capital along with a syndicate of angel investors from OpenAI, Salesforce, Octant Bio, and Google including Jeff Dean, Chief Scientist of Google DeepMind. The company previously raised $9 million from Insight Partners, Air Street Capital, AIX Ventures, and Convergent Ventures.

Wonder: Marc Lore’s Food Delivery Company Raises $700 Million

By Amit Chowdhry ● Mar 23, 2024

Marc Lore has been a successful entrepreneur for many years. His latest venture is a food delivery company called Wonder, which recently revealed that it has raised $700 million.

Zero Prime Ventures Closes Second Fund At $48 Million

By Amit Chowdhry ● Mar 23, 2024

Zero Prime Ventures (previously Data Community Fund) is a venture firm that invests in zero engineer-founders at the early stage. It recently closed a $48 million second fund and announced the addition of a new partner, Yang Tran.

indie Semiconductor Strategically Investing In AI Processor Company Expedera

By Amit Chowdhry ● Mar 23, 2024

Indie Semiconductor announced a strategic investment in Expedera, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP). This minority investment will include Donald McClymont's addition to Expedera's Board of Directors.