Startups

Prompt Security Raises $5 Million To Accelerate Growth

By Annie Baker ● Jan 26, 2024

Prompt Security - a unified platform for enterprise generative AI security - launched from stealth and announced $5 million in seed funding. The funding round was led by Hetz Ventures with participation from Four Rivers and prominent angels, including CISOs at Elastic and Dolby. And Prompt Security is helping dozens of high-profile companies protect their applications, employees, and customers from new generative AI-associated threats.

Utah-Based Venture Studio Wingspan Reveals Two Investments And Tech9 Partnership

By Amit Chowdhry ● Jan 26, 2024

Wingspan is a new venture studio based in Utah that announced its launch with two investments and a partnership with Tech9, a premier custom software development company.

DNA Nanobots: Pre-Seed Funding Round Raised To Launch A BioPharma Partner Program

By Annie Baker ● Jan 26, 2024

DNA Nanobots - a leader in the design and delivery of DNA nanoparticles engineered for targeted therapeutics - announced that it has closed its pre-seed funding round. The funding round enables DNA Nanobots to launch its BioPharma Partner Program to streamline its end-to-end custom biopharma solutions from design to development for preclinical and animal studies for improved delivery of a wide range of therapeutics.

icotec: Spinal Tumor Implant Company Closes $30 Million In Funding

By Dan Anderson ● Jan 26, 2024

icotec ag - a leading company in innovative spinal tumor implants - announced a significant milestone in its growth journey by establishing a strategic partnership with MVM Partners (MVM), a global healthcare venture capital firm.

MY DR Now Raises Follow-On Investment From Kain Capital

By Noah Long ● Jan 26, 2024

MY DR NOW recently announced it raised a follow-on investment from Kain Capital LLC, which is a leading private equity firm focused on the technology enablement of healthcare services companies. MY DR NOW is a leading provider of primary and specialty care with multiple locations in Arizona. The company’s total investment to date is $60 million.

Consortium Raises Strategic Investment From M|C Partners

By Noah Long ● Jan 26, 2024

M|C Partners - a digital infrastructure and tech services private equity firm - announced it has invested strategically in Consortium Networks, a national cybersecurity organization. This investment will enhance Consortium Networks' growth by expanding talent acquisition, sales, technical expertise, and innovation. Nate Ungerott, a cybersecurity veteran, was also appointed CEO.

HEAL Security: Healthcare-Focused Cybersecurity Intelligence Company Raises $4.6 Million In Funding

By Annie Baker ● Jan 25, 2024

Health2047 - a Silicon Valley-based venture studio founded by the American Medical Association (AMA) - announced its investment in and launch from stealth of portfolio company HEAL Security, a cognitive cybersecurity intelligence platform custom-designed for the healthcare sector. So far, Health2047 invested $2.3 million in HEAL Security, with additional co-investor funding bringing its total pre-seed investment to $4.6 million.

CryptoSafe: $20 Million Funding Raised At $95 Million Valuation

By Noah Long ● Jan 24, 2024

CryptoSafe - a blockchain project focused on enhancing capital efficiency in the cryptocurrency market – announced it has closed its latest funding round, securing $20 million at a valuation of $95 million. This funding round signifies a significant milestone for the company as it positions itself for further growth, innovation, and market expansion.

Synnovation Therapeutics: Precision Medicine Company Raises $102 Million To Develop Small Molecule Therapies

By Amit Chowdhry ● Jan 24, 2024

Synnovation Therapeutics - a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets – has launched with a $102 million Series A. The funding was led by Third Rock Ventures with participation from Nextech, Lilly Asia Ventures, Sirona Capital, and Cormorant Asset Management.

38 Degrees North Raises Growth Equity Investment

By Dan Anderson ● Jan 24, 2024

38 Degrees North - a community solar and distributed renewables platform – announced it has closed on a growth equity investment from S2G Ventures. And the company has also agreed to acquire community solar assets from Community Power Group (CPG) in New York.

Motif Neurotech: $18.75 Million Raised To Develop Minimally-Invasive Bioelectronics For Mental Health

By Annie Baker ● Jan 24, 2024

Motif Neurotech - a neurotechnology company developing minimally-invasive bioelectronics for mental health – recently announced an oversubscribed Series A financing of $18.75 million led by Arboretum Ventures, with participation from new investors KdT Ventures, Satori Neuro, Dolby Family Ventures, re.Mind Capital, individual investor Max Hodak and existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory.

Root Protocol: $10 Million Closed At $100 Million Valuation

By Noah Long ● Jan 24, 2024

Root Protocol – a company focused on building a portal to connect with any chain, DApp, and asset – announced it has closed $10 million in funding at a valuation of $100 million. Animoca Brands led the funding rounds. They included contributions from several other notable investors, including Shima Capital, DFG Group, Signum Capital, Ankr Network, Digital Strategies, CMS Holdings, Double Peak, GenBlock Capital, Cypher Capital, and Basics Capital. The new investors announced are Dao5 and Gate Labs Ventures.

CheckSammy: Bulk Waste And Sustainability Operator Closes $45 Million In Funding

By Annie Baker ● Jan 24, 2024

Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company's ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

Morressier: Research Integrity Company Secures $16.5 Million

By Dan Anderson ● Jan 24, 2024

Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.

Better Stack: Infrastructure Monitoring Company Closes $10 Million In Funding

By Noah Long ● Jan 24, 2024

Better Stack announced it has raised an additional $10 million in funding from a leading European early-stage investor KAYA, an existing backer of Better Stack and Europe's best tech companies, which include Docplanner, Rohlik, and Booksy. And Aaron Levie (CEO at Box) and Kulpreet Singh (ex-UiPath) are joining as angel investors.

Aniai: Robotic Kitchen Solution Company Secures $12 Million In Funding

By Annie Baker ● Jan 24, 2024

Aniai - a fast-growing robotic company and global leader in innovative kitchen solutions – recently announced that it has successfully secured a $12 million pre-Series A funding round.

3thix: Game Monetization Company Secures $8.5 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

3thix – a modern-day approach to all things game monetization - recently announced its first major investment series, totaling $8.5 million, for its upcoming platform. The investors in this initial round include Hand of Midas, the family office of Shurick Agapitov, founder of Xsolla, a global video game commerce company, and Sonic Boom Ventures, the family office of Steve Kokinos, co-founder and former CEO of Algorand.

BillingPlatform: Enterprise Revenue Lifecycle Management Company Secures $90 Million

By Amit Chowdhry ● Jan 24, 2024

BillingPlatform – an enterprise revenue lifecycle management platform for innovative business models - announced a $90 million growth equity investment from FTV Capital. These are the details.

Anomalo: Data Quality Platform Company Raises $33 Million

By Amit Chowdhry ● Jan 24, 2024

Anomalo – a complete data quality platform company – announced that it has raised $33 million in Series B funding, bringing the total raised to $72 million. The funding round was led by SignalFire with participation from strategic investor Databricks Ventures. Previous investors Norwest Venture Partners, Two Sigma Ventures and Foundation Capital also participated in this round.

Sion Power: $75 Million Secured To Commercialize Next-Generation Batteries For EVs

By Amit Chowdhry ● Jan 24, 2024

Sion Power - a leading technology developer of next-generation batteries for electric vehicles (EV) – announced that it has secured $75 million in Series A funding. The funding round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from Jim Simons’ Euclidean Capital.

Bilt Rewards: Loyalty Platform Company Raises $200 Million At $3.1 Billion Valuation

By Amit Chowdhry ● Jan 24, 2024

Bilt Rewards – a leading loyalty platform specializing in rent and neighborhood rewards - announced a $200 million equity investment led by General Catalyst, with significant contributions by Eldridge and existing investors Left Lane Capital, Camber Creek, and Prosus Ventures. This surged the company's valuation to $3.1 billion.

Kittl: Creator Design Platform Company Raises $36 Million

By Amit Chowdhry ● Jan 24, 2024

Kittl, a creator design platform, announced it raised $36 million in Series B funding led by IVP. This comes just nine months after the company raised $11 million in Series A funding. The small gap in funding rounds is largely due to the company’s rapid growth, and now they are in the position to double down on their mission to make design more accessible.

Spellbook: Legal AI Startup Company Raises $20 Million

By Amit Chowdhry ● Jan 24, 2024

Spellbook – an AI copilot for lawyers - announced today a $20 million Series A funding round led by Inovia Capital. And Thomson Reuters Ventures, The Legaltech Fund, Bling Capital, Moxxie Ventures, Concrete Ventures, Path Ventures, N49P and Good News Ventures also participated in the round, which now brings Spellbook’s total funding to over $30 million.

CPM Holdings: $400 Million Raised From Koch Equity Development

By Amit Chowdhry ● Jan 24, 2024

CPM Holdings - a leading global supplier of engineered process equipment for animal feed, oilseed processing, extrusion, and thermal processing markets - announced a $400 million strategic equity investment from Koch Equity Development LLC (KED), the principal investing and acquisition arm of Koch Industries. The investment proceeds will fund a distribution to the company's existing equity holders.

Clerk: React-Friendly Authentication Solution Company Raises $30 Million

By Noah Long ● Jan 24, 2024

Clerk – a developer tools company known for its React-friendly authentication solution – announced it raised $30 million in Series B financing led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona. The funding will be used to expand its service beyond authentication, which identifies who a user is, and into authorization, which determines the permissions a user has.

TARA Mind: $8 Million Secured To Expand Access To Mental Health Therapeutics

By Amit Chowdhry ● Jan 24, 2024

TARA Mind - a public benefit corporation focused on creating access to safe and effective ketamine-assisted therapy (KAT) as a covered benefit for employees - announced that the company has raised $8 million, led by Satori Neuro. Additional investors participating in the oversubscribed round were Echo Investment Capital, Crumpton Ventures, Empath Ventures, and Blake Mykoskie (Founder of TOMS).

AiDash: $50 Million Raised To Make Critical Infrastructure Industries Climate Resilient

By Amit Chowdhry ● Jan 24, 2024

AiDash - an enterprise SaaS company making critical infrastructure industries climate-resilient and more sustainable with satellites and AI - announced that it received $50 million in funding, bringing the total raised to date to $83 million. And the Series C funding round was oversubscribed, indicative of growing investor interest in proven, scalable, and effective climate technologies.

Masa Network: Decentralized Data Marketplace Company Raises $5.4 Million

By Noah Long ● Jan 24, 2024

Masa Network – a builder of the leading decentralized data marketplace - announced $5.4 million in its Seed Fundraising Round led by Anagram, co-founded by Solana Foundation President Lily Liu and former Polychain President Joe Eagan. And additional investors include Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.

Norm Ai: Regulatory AI Agent Platform Company Closes $11.1 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Norm Ai announced it has built the first Regulatory AI Agent platform and is now serving Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. And Norm Ai raised an $11.1 million seed round, led by Coatue, with participation from Haystack Ventures, M13 Ventures, Basis Set Ventures, Expa Ventures, Atypical Ventures, and AI researchers like the founding CEO of the Allen Institute for AI.

SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

By Annie Baker ● Jan 23, 2024

SmithRx - a next-generation pharmacy benefits management (PBM) company - announced it closed a $60 million Series C financing round.