Startups

Gomboc AI: $13 Million (Seed) Raised To Transform Cloud Security Remediations

By Amit Chowdhry ● Feb 22, 2025

Gomboc AI, which is the industry's first deterministic AI solution for cloud security remediations, announced it has raised $13 million in seed stage funding. A new $8 million seed investment was led by Ballistic Ventures, with continued support from Glilot Capital Partners and Hetz Ventures, which co-led Gomboc AI's initial $5 million seed investment.

Dream: $100 Million (Series B) Raised At $1.1 Billion Valuation For Cyber Resilience

By Amit Chowdhry ● Feb 22, 2025

Dream, an AI-based company providing cyber resilience for nations and critical infrastructure, announced a $100 million Series B led by Bain Capital Ventures at a $1.1 billion valuation. And additional investors include Group 11, Tru Arrow, Tau Capital and Aleph. Dream will further enhance its product capabilities and global market reach with this funding round.

Harvey: $300 Million (Series D) Raised At $3 Billion Valuation For Legal AI Platform

By Amit Chowdhry ● Feb 22, 2025

Harvey recently announced the Series D funding round led by Sequoia and including Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group which owns LexisNexis Legal & Professional. This round of funding was raised at a $3 billion valuation.

Candid Health: $52.5 Million (Series C) Raised To Simplify Medical Billing

By Amit Chowdhry ● Feb 22, 2025

Candid Health, an autonomous revenue cycle automation platform for healthcare providers, announced it has raised $52.5 million in Series C funding led by Oak HC/FT with participation from existing investors. This funding round brings the company's total raised to $99.5 million.

Polymath: $1 Million Raised To Turn Kid-Focused App Into A Productive Experience

By Amit Chowdhry ● Feb 21, 2025

Karman+: $20 Million (Seed) Secured For Mining Asteroids

By Amit Chowdhry ● Feb 21, 2025

Asteroid mining company Karman+ announced it raised $20 million in seed funding led by Plural and Hummingbird. The funding round included participation from HCVC, Kevin Mahaffey (Lookout), co-founder Teun van den Dries, and angel investors, which will be used to develop its first technology demonstration mission and customer missions, and it is expected in 2027.

Augury: Industrial AI Solutions Company Raises $75 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Feb 21, 2025

Augury announced that it has raised $75 million, with the round being led by Lightrock with participation from several of Augury’s existing investors Insight Partners, Eclipse, Qumra Capital as well as Schneider Electric Ventures and Qualcomm Ventures.

Surus: $8 Million (Seed) Raised For Institutional-Grade Asset Management Platform

By Amit Chowdhry ● Feb 21, 2025

Surus, an institutional-grade asset management and custody platform for on-chain finance, announced that it received regulatory approval from the North Carolina Commissioner of Banks to open Surus Trust Company, a wholly owned subsidiary.

Trackunit: Construction-Focused IoT Connectivity Company Raises Funding From Goldman Sachs

By Amit Chowdhry ● Feb 21, 2025

Trackunit, a leading SaaS and operating data platform provider for the construction ecosystem globally, announced that Private Equity at Goldman Sachs Alternatives will buy a majority stake in the company from funds advised by Hg and GRO Capital. And Goldman Sachs Alternatives' investment marks the next chapter in Trackunit's ambitious growth journey, supporting the company's mission to eliminate downtime in construction and to support customer success.

A10 Networks Expands Cybersecurity Portfolio With ThreatX Acquisition

By Amit Chowdhry ● Feb 21, 2025

A10 Networks announced it has acquired the assets and key personnel of ThreatX Protect expanding its cybersecurity portfolio with web application and API protection (WAAP). And the acquisition is expected to be modestly accretive to A10’s earnings per share this year and has closed.

fal: $49 Million (Series B) Raised For AI-Based Media Creation Infrastructure Platform

By Amit Chowdhry ● Feb 21, 2025

fal, a leading infrastructure platform for AI-based media creation, announced it raised $49 million in Series B funding by Notable Capital and Andreessen Horowitz (a16z), with participation from Bessemer Venture Partners, Kindred Ventures, and First Round Capital. This brings fal’s total funding to $72 million. As part of this funding round, Jennifer Li (a16z) and Glenn Solomon (Notable) will join fal’s Board of Directors.

Clear Labs Secures $30 Million in Series D Financing to Accelerate Development and Adoption of Cutting-Edge Sequencing Solutions

By Amit Chowdhry ● Feb 21, 2025

Peregrine: $5 Million Raised For Transforming Healthcare for Underserved Communities

By Amit Chowdhry ● Feb 21, 2025

Peregrine Health, a comprehensive national behavioral health solution, announced it has secured $5 million to accelerate its mission to improve access to behavioral health care in underserved communities. The funding will advance the company's continued growth as a partner for Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs).

Questal: $3.2 Million (Seed) Funding Raised For Accelerating Personal Financial Management Platform

By Amit Chowdhry ● Feb 21, 2025

Questal, the owner and operator of financial wellness service provider Questis and a leader in innovative financial technology, announced the closing of its Seed Series funding round. The funding round was led by prominent figures, including Ken Thompson, former CEO of TD Private Client Wealth LLC; Adam Harper, former COO of Investments at Citi Wealth; Elizabeth and Michael Bisaro owners of StraightLine, an independent RIA with more than $1 billion of AUM; Robert Rickey, Chief Growth Officer at StraightLine and former Managing Director of Advisor Services for TIAA.

Wall Street Prep: Funding Raised From The Riverside Company

By Amit Chowdhry ● Feb 21, 2025

The Riverside Company, a global investment firm focused on the smaller end of the middle market, announced an investment in Wall Street Prep (WSP), a leading global provider of financial training solutions and certifications with over 300 corporate clients, 150 university partners and 500,000 learners. And Riverside acquired WSP from Eden Capital, which invested in the company in 2021.

Restrata: Operational Resilience Software Company Raises Funding From Scottish Equity Partners

By Amit Chowdhry ● Feb 21, 2025

Restrata, an operational resilience software and service provider to global enterprises, including some of the world’s largest energy and industrial companies, announced it raised investment from Scottish Equity Partners (SEP) to meet growing market demand.

SingleFile: $9 Million (Series A) Raised For Legal & Compliance Technology

By Amit Chowdhry ● Feb 20, 2025

SingleFile, a leading innovator in legal & compliance tech, announced the completion of its Series A funding round at $9 million. This milestone brings the company's total funding to over $24 million since its founding in 2019 and $15 million in the past year, positioning SingleFile for continued growth and innovation.

Lumotive: $45 Million (Series B) Raised For Programmable Optical Semiconductor Products

By Amit Chowdhry ● Feb 20, 2025

Lumotive, a leader in programmable optical semiconductor products, announced it has closed a $45 million Series B funding round to accelerate sales growth of its groundbreaking Light Control Metasurface (LCM) technology. This oversubscribed round included new investors Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC, and support from existing investors such as Gates Frontier, MetaVC Partners, Quan Funds, USAA, and HiMax.

Tofu: $12 Million (Series A) Closed For Omnichannel Marketing Platform

By Amit Chowdhry ● Feb 20, 2025

Tofu, a unified AI platform for B2B marketing teams, announced it has raised $12 million in Series A funding. The funding was led by SignalFire, with participation from HubSpot Ventures, Tau Ventures, Correlation Ventures, Alumni Ventures, SH Fund, Riverside Ventures, Eudemian Ventures, and Han Bridge Capital, along with a notable group of angel investors. Existing investors Index Ventures, Stage 2 Capital, and Liquid 2 Ventures also joined the round.

K2 Space: $110 Million (Series B) Raised To Ramp Up Satellite Platorm

By Amit Chowdhry ● Feb 20, 2025

K2 Space announced a $110 million Series B to ramp up mass production of its multi-orbit and high power satellite platform. The funding round was co-led by Lightspeed Venture Partners and Altimeter Capital and it includes participation from existing investors Alpine Space Ventures, First Round Capital, and others.

Jscrambler: $5.2 Million Raised For Client-Side Protection

By Amit Chowdhry ● Feb 19, 2025

Jscrambler, a pioneer in client-side protection, announced the completion of a $5.2 million investment round subscribed to exclusively by Iberis Capital. This latest funding builds on a previous $15 million Series A funding round led by Ace Capital Partners with participation from Sonae IM and Portugal Ventures, which also led the company's initial seed round.

Keragon: $7.5 Million (Seed) Raised For AI-Based Healthcare Automation Platform

By Amit Chowdhry ● Feb 19, 2025

Keragon, an AI-based and HIPAA-compliant automation platform for healthcare, announced it has raised $7.5 million in an oversubscribed seed funding round led by Upfront Ventures, with early investors Afore Capital, Focal, and 25m Health doubling down.

SGNL: $30 Million (Series A) Raised For Privileged Identity Management

By Amit Chowdhry ● Feb 19, 2025

SGNL, a rapidly growing identity-first security startup, announced it secured $30 million in a Series A funding round to accelerate its mission of redefining how businesses protect their most critical assets. This funding round was led by Brightmind Partners, a security-focused firm co-founded by Stephen Ward, former Partner at Insight Partners, Home Depot CISO, and former Secret Service cybersecurity leader. And additional participation from Costanoa Ventures, Microsoft’s M12, and Cisco Investments validates growing confidence in SGNL’s approach.

Prior Labs: €9 Million (Pre-Seed) Raised To Change How Businesses Unlock Insights

By Amit Chowdhry ● Feb 19, 2025

Prior Labs – an AI startup innovating foundation models for spreadsheets and databases – announced it has €9 million in pre-Sseed funding, led by Balderton Capital along with XTX Ventures, SAP founder Hans Werner-Hector’s Hector Foundation, Atlantic Labs, and Galion.exe. And AI angel investors such as Peter Sarlin (Founder & CEO, Silo AI), Thomas Wolf (Founder & CSO, Hugging Face), Guy Podjarny (Founder, Snyk & Tessl), Ed Grefenstette (Director, DeepMind), Robin Rombach (Founder & CEO, Black Forest Labs), Chris Lynch (Founding Investor Data Robot & CEO, AtScale), Ash Kulkarni (CEO, Elastic) and other business leaders also participated.

JETSET Pilates Raises Strategic Investment From Purchase Capital

By Amit Chowdhry ● Feb 19, 2025

Purchase Capital (an investment firm that offers patient capital for private and public companies that have significant potential for long-term value creation) and JETSET Pilates (the Miami-based modern Reformer Pilates franchise known for combining DJ-curated music with fitness for an immersive experience) announced a strategic investment to ensure JETSET's long-term scalability and growth. Nicholas J. Singer, Founder and Managing Partner of Purchase Capital, was appointed to the JETSET Pilates Board.

SpotDraft: $54 Million (Series B) Raised For Helping Legal Teams Manage Contract Ecosystems

By Amit Chowdhry ● Feb 19, 2025

SpotDraft, a CLM platform that helps in-house legal teams manage their contract ecosystems, announced it has raised $54 million in Series B funding. Vertex Growth Singapore and Trident Partners were the lead investors, and the existing investors (Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest) also participated in this round.

Relativity Networks: $4.6 Million (Pre-Seed) Funding Raised For Scaling Fiber Optics

By Amit Chowdhry ● Feb 19, 2025

Relativity Networks, a leading at-scale provider of next-generation fiber-optic technology, announced it raised $4.6 million in pre-seed funding to address the growing demand for data centers and the substantial power requirements. And Relativity Networks' technology will help the data industry meet that energy challenge by expanding the development beyond urban cores and into locations with more abundant power.

Lucidity: $21 Million (Series A) Raised For Multi-Cloud Storage Management Platform

By Amit Chowdhry ● Feb 19, 2025

Multi-cloud storage management platform Lucidity announced a $21 million Series A investment led by WestBridge Capital with participation from existing investor Alpha Wave. With the most recent funding round, Lucidity plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises worldwide.

Abcuro: $200 Million (Series C) Raised For Advancing Medicine In Development For Inclusion Body Myositis

By Amit Chowdhry ● Feb 19, 2025

Abcuro - a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T cells - announced the closing of a $200 million Series C financing led by New Enterprise Associates (NEA) with Foresite Capital joining the round and participation of existing investors including RA Capital Management, Bain Capital Life Sciences, Redmile Group, Samsara BioCapital, Sanofi Ventures, Pontifax, Mass General Brigham Ventures, New Leaf Ventures, funds managed by abrdn, funds and accounts managed by BlackRock, Eurofarma Ventures, and Soleus Capital.

SimpliFed: $4 Million Raised For Building Maternal Care At Home Platform

By Amit Chowdhry ● Feb 19, 2025

Virtual maternal healthcare SimpliFed announced that it has raised a new $4 million in funding. This funding was led by Morningside and included new investors The Artemis Fund, Cultivation Capital, and American Heart Association Social Impact Funds, along with existing investors The Venture Collective, Empire State Development, Waterline Ventures, and previous Angels.