Startups

Intenseye: AI-Powered Workplace Safety Solutions Company Secures $64 Million

By Amit Chowdhry ● Feb 28, 2024

Intenseye – a leader in AI-powered workplace safety solutions – announced it secured $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. And this latest funding round is the industry's largest ever.

Myko AI: $2.7 Million Raised To Build Conversational AI For Sales Data

By Amit Chowdhry ● Feb 28, 2024

Myko – a conversational AI for sales and revenue team data - announced it has secured $2.7 million in seed capital from Khosla Ventures to reach new customers and expand its offerings. This funding round also included participation from Zero Knowledge Ventures, DayDream Ventures, the AngelList Early-Stage Quant Fund, and others.

United Fintech Receives Strategic Investments From BNP Paribas and Citi

By Amit Chowdhry ● Feb 28, 2024

BNP Paribas and Citi have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. And United Fintech is also in advanced talks with other leading strategic investors to join its transformative journey, signalling a broad industry shift towards collaborative fintech innovation.

Mainstay Medical Raises $125 Million For Commercial Growth Of ReActiv8 Restorative Neurostimulation

By Amit Chowdhry ● Feb 28, 2024

Mainstay Medical Holdings plc has announced an equity financing in which it will receive gross proceeds of US$125 million. And Mainstay plans to use the funds to support the company’s continued commercial growth of ReActiv8 Restorative Neurostimulation in the U.S., Europe and Australia, additional post-market clinical studies and research, and general operations.

Prime Pensions Raises Strategic Investment From Lightyear Capital

By Amit Chowdhry ● Feb 28, 2024

Prime Pensions - one of the fastest-growing independent providers of retirement plan compliance and administration services - announced that Lightyear Capital has made a strategic investment in the Company. Lightyear Capital is a private equity firm that partners with growing companies at the nexus of financial services and technology, healthcare, and business services.

Parspec: $11.5 Million In Seed Funding Raised In Round Led By Innovation Endeavors

By Amit Chowdhry ● Feb 28, 2024

Parspec - an AI-powered software platform that streamlines the selection and sale of construction products - announced its oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. And two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as a board member and Building Ventures’ Allen Preger as a board observer.

Unseenlabs: €85 Million Raised To Transformed Maritime Surveillance

By Amit Chowdhry ● Feb 28, 2024

Unseenlabs - a France-based company and global leader in maritime surveillance through detection and geolocation of radio frequency signals from space – announced the closure of an exceptional fundraising round of €85 million. This operation - one of the largest in the space industry - confirms the world’s interest in Earth observation and marks a new milestone in Unseenlabs' development.

Mobly: Mobile Software Company Closes $2.5 Million In Seed Funding

By Amit Chowdhry ● Feb 27, 2024

Mobile software company Mobly announced it raised $2.5 million in seed funding. The company's funding round is led by Peterson Ventures, with participation from VITALIZE Venture Capital, Peak Ventures, Tenzing Capital, Upstream Ventures, and Service Provider Capital, and several strategic angel investors.

High Q Technologies: Innovative Life Sciences Company Secures $3.75 Million

By Amit Chowdhry ● Feb 27, 2024

High Q Technologies - an innovative life sciences company that develops quantum-enabled scientific instruments for protein characterization in drug discovery - announced a $3.75-million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) as part of the Regional Quantum Initiative.

FlowGPT: Open Ecosystem AI Platform Closes $10 Million In Funding

By Amit Chowdhry ● Feb 27, 2024

FlowGPT - an inclusive platform fostering an open ecosystem for AI application creators and the community - announced it had raised $10 million in a Pre-Series A round.

NLX Raises $12 Million To Transform How AI Powers Customer Experiences

By Amit Chowdhry ● Feb 27, 2024

NLX – a company that is transforming the way AI powers customer experiences for large and enterprise brands - announced it has raised $12 million in Series A funding, led by Cercano and joined by Thayer Ventures and HL Ventures. Initial investors IAG Capital Partners, JetBlue Ventures, and Tech Square Ventures' Engage also contributed to this new round of funding.

mTab: Market Insights Platform Raises $15 Million

By Amit Chowdhry ● Feb 27, 2024

mTab - a leading market insights platform and a portfolio company of Milestone Partners - announced the closing of a $15 million growth credit financing by Kayne Anderson Growth Capital. And the latest funding comes as the company further accelerates its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.

Eigen Labs: $100 Million Raised From Andreessen Horowitz

By Amit Chowdhry ● Feb 27, 2024

Eigen Labs is a research organization that contributes to protocols that supercharge innovation on Ethereum. The company recently announced it raised $100 million in funding from Andreessen Horowitz’s a16z crypto.

EVject Names Judi Storey As New Chief Executive Officer

By Amit Chowdhry ● Feb 27, 2024

EVject - an electric vehicle (EV) safety accessory company - has welcomed Judi Storey as Chief Executive Officer (CEO). With a background in executive management as a former CTO, COO, and CXO, Storey is well suited to assume this leadership role within EVject.

Frontier Medicines: Oversubscribed $80 Million Funding Round Raised To Support Progress of Clinical-Stage Pipeline

By Amit Chowdhry ● Feb 27, 2024

Frontier Medicines - a precision medicine company seeking to unlock the proteome to advance transformational therapies against otherwise undruggable disease-causing targets - announced the closing of an oversubscribed $80 million Series C financing. The funding was co-led by Deerfield Management Company and Droia Ventures, with significant participation from Galapagos NV (Euronext & NASDAQ: GLPG) as a strategic investor and contributions from new and existing investors, including DCVC Bio, MPM Capital, and RA Capital Management. This Series C funding brings the total capital raised since Frontier’s founding to $235.5 million.

Baseimmune: $11.3 Million Closed To Use AI For Predicting Future Pathogen Mutations To Generate Novel Vaccines

By Amit Chowdhry ● Feb 27, 2024

Baseimmune - a biotech company that uses proprietary and deep learning AI to predict future pathogen mutations to generate novel vaccines - announced the close of $11.3 million [£9 million] in Series A funding led by new investors MSD Global Health Innovation Fund and IQ Capital, with participation from existing investors including Hoxton Ventures, Creator Fund, Beast Ventures and Maki.vc.

Prowler: Open Cloud Security Company Raises $6 Million

By Amit Chowdhry ● Feb 27, 2024

Prowler - a leader in open cloud security – announced it secured a $6 million seed funding round led by Decibel VC. The company will use funds raised to expand the engineering, sales, and marketing teams, improve operations, and drive greater product innovation.

Intenseye: AI-Powered Workplace Safety Solutions Company Raises $64 Million

By Amit Chowdhry ● Feb 27, 2024

Intenseye - a leader in AI-powered workplace safety solutions - announced it raised $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. This latest funding round is the industry's largest ever.