Startups

GelMEDIX: $13 Million Seed Funding Closed For Vision Restoration Biotechnology Platform

By Amit Chowdhry ● Feb 17, 2026

GelMEDIX, a biotechnology company developing regenerative therapies to restore vision, has completed a $13 million seed financing round led by Safar Partners, with participation from HTL Biotechnology, Beacon Angels, TiE Boston Angels, Boston Harbor Angels, and other investors. The company will use the proceeds to advance its lead program, GMX-101, a retinal pigment epithelial cell therapy designed to treat late-stage Geographic Atrophy, and to further develop its proprietary injectable hydrogel scaffold platform.

Codoxo: $35 Million Series C Raised To Scale Pre-Claim Cost Prevention

By Amit Chowdhry ● Feb 17, 2026

Codoxo, an AI-powered healthcare payment integrity platform, announced an oversubscribed $35 million Series C round to accelerate national adoption of its pre-claim cost-prevention model and expand its generative AI capabilities.

Lightworks Secures Up To $12 Million To Accelerate Large-Scale AI Deployment For Regulated Organizations

By Amit Chowdhry ● Feb 17, 2026

Lightworks, a Canadian enterprise AI consultancy, has secured up to $12 million in financing to support the launch of its flagship AI services and accelerate its expansion among the world’s largest and most highly regulated enterprises.

Simform Invests $3 Million To Scale Microsoft Cloud And AI Practice

By Amit Chowdhry ● Feb 17, 2026

Simform has announced a $3 million strategic investment to expand its Microsoft Cloud and AI practice, deepen its Azure engineering capabilities, accelerate IP-led delivery, and scale co-sell collaboration across key global markets.

Daffodil Health: $16.3 Million Series A Raised For AI-Based Health Plan Platform

By Amit Chowdhry ● Feb 17, 2026

Daffodil Health, an AI-powered platform modernizing U.S. health plan administration and claims processing, has raised $16.3 million in a Series A round, bringing total funding to $20.9 million. The funding was led by Flare Capital Partners, with participation from LRVHealth and returning investor Maverick Ventures, plus individual investors including Scott Mingee, former CEO of Equian, which was acquired by Optum, and Jim Lacy, former president and COO of Collective Medical, which was acquired by PointClickCare.

Onodrim Industries: €40 Million Seed Funding Secured For European Defense Technology Platform

By Amit Chowdhry ● Feb 17, 2026

Amsterdam-based Onodrim Industries has raised €40 million in seed funding to build what it describes as a new foundation for Europe’s defence and industrial technology capabilities. The round was led by Founders Fund, Lakestar, and General Catalyst, with participation from additional funds and angel investors across Europe and the US.

FYLD: $41 Million Series B Raised For Scaling AI Frontline Intelligence For Infrastructure Projects

By Amit Chowdhry ● Feb 17, 2026

FYLD has raised a $41 million Series B to expand its AI-powered frontline intelligence platform for infrastructure operators managing distributed, high-risk fieldwork across energy, construction, and water. The round was led by Energy Impact Partners LP, with participation from Partech through its Growth Impact Fund, as the company reported finishing 2025 with 82% year-over-year growth and accelerating momentum in the U.S.

Sphinx: $7.1 Million Seed Funding Raised To Build Browser Native Agents For AML And KYC Work

By Amit Chowdhry ● Feb 17, 2026

Sphinx announced it has raised a $7.1 million seed round to scale what it describes as a browser native, agentic compliance workforce for financial institutions, positioning the product as a last compliance hire that can take on day-to-day operational work across anti-money laundering, know your customer, and know your business processes. The round was led by Cherry Ventures, with participation from Y Combinator, Rebel Fund, Deel Ventures, and Singularity Capital. Sphinx said the new capital will be used to expand the deployment of its compliance agents, as banks and fintechs seek to manage rising volumes of fraud and regulatory workload without continually adding headcount.

Monaco: Over $35 Million Raised For AI-Native Sales Platform

By Amit Chowdhry ● Feb 17, 2026

Monaco announced its official launch as an AI-native sales platform designed to accelerate revenue growth for early-stage startups, following a period of operating in stealth. The company is entering public beta after raising over $35 million in total funding, including a Series A round led by Founders Fund.

Contents: $7 Million Series B Extension Raised For European AI Work Execution Platform

By Amit Chowdhry ● Feb 16, 2026

Contents, the Milan-based AI work execution platform, has closed a $7 million Series B extension led by Qatar Development Bank, with participation from Alkemia Capital. The investment brings the company’s total funding to $25 million and underscores the growing alignment between European AI infrastructure players and Gulf sovereign innovation strategies.

Wisdom Raises Over $1.3 Million In Pre-Seed Financing To Support Aging In Place

By Amit Chowdhry ● Feb 16, 2026

Wisdom announced it has secured more than $1.3 million in pre-seed financing to advance its smart home platform designed to help older adults live safely and independently. The funding includes a $315,000 social-impact investment from the Richard King Mellon Foundation, alongside $925,000 in previously unannounced capital raised through crowdfunding and angel investors. The new investment will support platform development and real-world deployment of Wisdom’s Smart Home system, which leverages ambient sensing and edge AI technology to support aging in place.

Xyall: €7.6 Million Raised To Accelerate Global Rollout Of Tissue Dissection System

By Amit Chowdhry ● Feb 16, 2026

Xyall BV, a next-generation innovator in molecular pathology, has raised €7.6 million in new funding to accelerate the global rollout of its automated tissue dissection platform. The financing round was led by Capricorn Partners through its Capricorn Healthtech Fund II, with participation from Sioux Technologies, Brabant Development Agency (BOM), Health Investment Partners, and several private investors.

Nscale Signs $1.4 Billion GPU-Backed Delayed Draw Term Loan

By Amit Chowdhry ● Feb 16, 2026

Nscale, the AI-native hyperscaler, announced it has signed a USD $1.4 billion Delayed Draw Term Loan (GPU DDTL) backed by GPUs. The oversubscribed loan, led by funds managed by PIMCO, Blue Owl, and LuminArx Capital Management with support from additional asset managers and banks, will finance multiple GPU cluster deployments across Norway, Portugal, Iceland, and the UK. This follows Nscale’s recent $1.1 billion Series B equity raise—the largest Series B in European history—and its $433 million Pre-Series C SAFE.

Blockbrain: €17.5 Million Series A Raised To Scale Responsible Enterprise AI Across Europe

By Amit Chowdhry ● Feb 16, 2026

Stuttgart-based modular AI platform Blockbrain has raised €17.5 million in Series A funding to accelerate the development and expansion of its responsible AI agents designed to prevent company knowledge loss and strengthen enterprise productivity. The round was led by Alstin Capital and 13books Capital, with participation from HARTING Family Foundation. Existing investors Giesecke+Devrient Ventures, Landesbank Baden-Württemberg Ventures, and Mätch VC also increased their commitments.

Lassie: $75 Million Series C Raised For Prevention-First Pet Insurer

By Amit Chowdhry ● Feb 16, 2026

Stockholm-based pet insurance platform Lassie has raised $75 million in Series C funding as it positions itself to lead Europe’s evolving pet care and insurance market. The round is one of the largest European insurtech financings of the past year and included participation from Balderton Capital, Felix Capital, Inventure, Passion Capital, and Stena Sessan.

INLEAP Photonics Raises Pre-Seed Funding To Advance Counter-Drone System

By Amit Chowdhry ● Feb 16, 2026

INLEAP Photonics, a German deep tech company developing ultra-fast laser beam steering systems, has emerged from stealth following the completion of a pre-seed funding round in summer 2025 to accelerate development of its laser-based counter-drone platform for defence and critical infrastructure protection.