Startups

Discern Security: AI Powered Policy Management Platform Company Raises $3 Million

By Annie Baker ● Sep 27, 2023

Discern Security recently launched with $3 million in funding to enhance performance of cybersecurity tools used by businesses as it builds ties with Fortune 500 enterprises and cybersecurity firms. This funding round was led by a diverse investor consortium including BoldCap, WestWave Capital, Cyber Mentor Fund, Security Syndicate, and influential Global Chief Information Security Officers (CISOs).

Sierra Space: $290 Million Series B, $1.7 Billion Total Funding, $5.3 Billion Valuation, And $3.4 Billion In Customer Contracts

By Amit Chowdhry ● Sep 26, 2023

Sierra Space - a leading commercial space company building the first end-to-end business and technology platform in space with $3.4 billion in customer contracts - recently announced it had closed a $290 million Series B funding round. This funding round brings the company’s total capital to $1.7 billion, the largest ever capital raised by a commercial space company over the combined Series A and B rounds. This milestone elevated Sierra Space’s valuation to $5.3 billion and reaffirmed the company’s position as a leader in the new global space industry.

Cartwheel: $20 Million Raised To Help Schools Address Student Mental Health

By Amit Chowdhry ● Sep 26, 2023

Cartwheel - a platform helping schools tackle the student mental health crisis by delivering affordable evidence-based telehealth services with no waitlist - recently announced that it has raised $20 million in Series A funding led by Menlo Ventures.

AIRNA: $30 Million Secured To Create New Class Of RNA Editing Therapeutics

By Annie Baker ● Sep 26, 2023

AIRNA - a biotech company pioneering RNA editing therapeutics to restore patients' health with rare and common diseases – recently emerged from stealth with a $30 million initial financing led by ARCH Venture Partners. This financing round enables AIRNA’s experienced team to advance a pipeline of RNA editing therapeutics driven by its robust and flexible RNA editing platform RESTORE+TM.

HiBob: HR Platform Company Adds $150 Million In A New Round Of Funding

By Amit Chowdhry ● Sep 26, 2023

HiBob - the company behind 'Bob' HR platform (transforming how organizations operate in the modern world of work) – recently announced it had secured $150 million in new funding in a round that was led by Farallon Capital and included Alpha Wave Global and existing investors.

Alcion: Modern Data Management Company Raises $21 Million

By Noah Long ● Sep 26, 2023

Alcion - a modern data management startup - recently announced it raised $21 million in a Series A funding round, bringing its total funding to $29 million.

Pryon: AI-Based Enterprise Knowledge Management Company Closes $100 Million

By Annie Baker ● Sep 26, 2023

Pryon – a pioneer in bringing AI to knowledge management – recently announced that it closed a $100 million Series B investment led by Thomas Tull’s US Innovative Technology Fund (USIT).

HiddenLayer: AI Application Security Company Secures $50 Million In Funding

By Noah Long ● Sep 26, 2023

HiddenLayer – a leading security provider for AI models and assets – recently announced that it has raised $50 million in Series A funding to expand its talent base, increase go-to-market efforts, and invest in its award-winning Machine Learning Security (MLSec) Platform.

Magnet Biomedicine: $50 Million Raised To Advance Molecular Glue Discovery

By Annie Baker ● Sep 26, 2023

Magnet Biomedicine - a biotechnology company advancing molecular glue discovery with rational selection and design - recently announced a $50 million Series A financing co-led by founding and initial investor Newpath Partners and ARCH Venture Partners. And Magnet is reimagining what is achievable with molecular glues by looking beyond known protein–protein interactions and analyzing the broad protein landscape to pair target proteins with rationally selected presenter proteins to drive therapeutic effects.

ZayZoon: Earned Wage Access Provider Company Closes $34.5 Million

By Amit Chowdhry ● Sep 26, 2023

ZayZoon - the Earned Wage Access (EWA) provider for small and mid-sized businesses - recently announced that it has raised $34.5 million in debt and equity for its Series B financing. The funding round was led by Framework Venture Partners, with co-investment from Export Development Canada (EDC) and participation from ATB Financial and existing shareholders. This funding round will support recruiting efforts and continued growth and innovation for the company.

Take Command: Personalized Health Benefits Company Raises $25 Million

By Amit Chowdhry ● Sep 26, 2023

Take Command - a Dallas-based SaaS platform and leader in the rapidly growing employer sponsored, personalized health benefits space - recently announced it secured $25 million in growth stage financing led by growth equity investor Edison Partners, with participation from current investors LiveOak Venture Partners and SJF Ventures.

Amazon To Invest Up To $4 Billion In Anthropic

By Amit Chowdhry ● Sep 25, 2023

Anthropic announced that online retail giant Amazon is going to invest up to $4 billion in the AI research startup company. This agreement is part of a broader collaboration to develop the industry's most reliable and high-performing foundation models. Our frontier safety research and products, together with Amazon Web Services’ (AWS) expertise in running secure, reliable infrastructure, will make Anthropic’s safe AI widely accessible to AWS customers.

Brainlabs: Major Investment Secured From Falfurrias Capital

By Annie Baker ● Sep 25, 2023

Brainlabs recently announced that it has secured major investment from private equity firm, Falfurrias Capital Partners (FCP). This partnership reinforces the success of the independent agency’s high-performance approach to media - which has seen it deliver measurable, profitable and sustainable business impact to clients worldwide, powered by data and technology.

FERNRIDE: $50 Million Secured To Advance Autonomous Yard Trucking

By Amit Chowdhry ● Sep 25, 2023

FERNRIDE - a Germany-based autonomous trucking innovator - recently announced that it has closed a further $19 million in its Series A funding. This pushed the total round amount to $50 million.

Nanofiber Quantum: Fiber Connectable Computing Hardware Company Raises $8.5 Million

By Annie Baker ● Sep 24, 2023

Nanofiber Quantum Technologies recently announced that it has raised $8.5 million from leading venture capital investors. And Phoenix Venture Partners (PvP) in the US, JAFCO Group Co Ltd, SPARX Group Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda University Ventures (WUV) financed the round through convertible notes.

Bevz: $3.1 Million Closed To Support Convenience Stores

By Annie Baker ● Sep 24, 2023

Bevz - a leading Software as a Service (SaaS) platform for independently operated and small chain liquor/convenience stores - recently announced it raised $3.1 million in funding. The recent funding round will go towards increased sales and marketing efforts, national expansion, ongoing product development, and additional customer success resources.

Catalyte: $1.5 Million Raised To Discover And Develop High-Potential Talent

By Annie Baker ● Sep 23, 2023

Catalyte recently announced it closed $1.5 million in funding from Green Street Impact Partners, a leading ed-tech private equity fund.

Boxbot: $12 Million Closed To Build Vertical Automation Solution To Sort Packages for Last-Mile Carriers

By Dan Anderson ● Sep 23, 2023

Boxbot - a vertical automation solution that sorts and stores packages for last-mile carriers - recently announced a $12 million Series A round led by Playground Global. Maersk Growth (the venture arm of A.P. Moller), Toyota Ventures, Pear Ventures, and Artiman Ventures also participated in the round - which brings the company’s total funding to $29.5 million.

LawVu: New Zealand-Based Legal Workspace Company Closes $15 Million NZD

By Amit Chowdhry ● Sep 23, 2023

LawVu - a New Zealand-based category-defining legal workspace for in-house legal teams around the globe - recently announced it has completed a $15 million NZD investment from Movac in its latest funding round.

Flex: B2B FinTech Company Secures $120 Million

By Amit Chowdhry ● Sep 23, 2023

Flex (formerly known as Flexbase) recently announced the closing of a $120 million Series A debt and equity funding round, which includes debt financing from CIM with an agreement to fund up to $100 million and $20 million in equity capital led by Florida Funders with participation from Home Depot Ventures, MS&AD Ventures, Companyon Ventures, and others.

Authentic: Turnkey Insurance Platform Company Raises $5.5 Million

By Amit Chowdhry ● Sep 23, 2023

Authentic - a turnkey insurance platform that allows vertical SaaS companies, franchises, and other groups to reap the benefits of captive insurance -recently announced the closing of a $5.5 million seed funding round.

Bastion: Enterprise-Focused Web3 Orchestrator Company Raises $25 Million In Funding

By Annie Baker ● Sep 22, 2023

Bastion - an enterprise-focused web3 orchestrator - recently announced the launch of its product suite, enabling companies to seamlessly integrate web3 infrastructure into enterprise technologies through a compliant white-label platform. Bastion also revealed it had secured $25 million in seed financing led by a16z crypto, with additional participation from Autograph, Laser Digital Ventures, Not Boring Capital, Robot Ventures, Alchemy Ventures, and Aptos Ventures.

Medeloop: Healthtech Startup Hailing From Stanford University Secures $8 Million

By Amit Chowdhry ● Sep 22, 2023

Medeloop.ai - a health-tech startup hailing from the Stanford University campus - recently announced that it had raised $8 million in seed funding to launch an end-to-end solution for early-stage clinical research.

Dragos: Industrial Control Cybersecurity Company Closes $74 MIllion In Funding

By Amit Chowdhry ● Sep 22, 2023

Dragos - a global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments - recently announced a $74 million Series D extension led by strategic operating and investing firm WestCap.

Atropos Health: Strategic Funding Raised To Advance Growth

By Annie Baker ● Sep 22, 2023

Atropos Health - a pioneer in evidence-based healthcare known for its Green Button Clinical Informatics Consult Service - recently announced that it has completed strategic financing from Presidio Ventures, which is the venture arm of Sumitomo Corporation Venture Group; Samsung Next, a venture arm of Samsung Electronics; Gaingels; Audere Capital; and others. This funding round enables Atropos Health to accelerate commercial and development opportunities outside the U.S. using its proprietary technology and approach. The initial focus centers on key customers in Japan and Brazil.

Lyten: 3D Graphene Supermaterials Company Raises $200 Million

By Noah Long ● Sep 21, 2023

Lyten - a pioneer in 3D graphene decarbonizing supermaterials – recently announced it raised $200 million as part of its over-subscribed Series B funding round to scale manufacturing and commercialize its first three product lines: Lithium-Sulfur batteries, lightweight composites, and next-generation IoT sensors.

Roam: $1.25 Million Seed Round Secured To Help Homebuyers Get A Low Rate

By Dan Anderson ● Sep 21, 2023

Roam - a platform for purchasing a home with an assumable low-rate mortgage included - recently announced it secured a $1.25 million seed round and has officially launched its service. And Roam helps buyers purchase a home with a mortgage as low as 2%, resulting in a monthly payment that is less than half of a traditional mortgage at today’s current rates.

Indigo Ag: Sustainable Agriculture Partner Company Secures $250 Million

By Annie Baker ● Sep 21, 2023

Indigo Ag - a premier sustainability partner of the agriculture industry - recently announced that it has raised over $250 million to drive innovation and growth in its sustainable agriculture programs and better serve its customers and partners.

Levelpath: Procurement Platform Company Raises $44.5 Million

By Dan Anderson ● Sep 21, 2023

Levelpath - a platform that powers “delightful procurement” - recently announced it had raised $44.5 million from a $14.5 million Benchmark-led seed round and a $30 million Series A led by Redpoint Ventures.

Broken String Biosciences: $15 Million Raised To Drive Development Of Cell And Gene Therapies

By Annie Baker ● Sep 21, 2023

Broken String Biosciences - a genomics company building a technology platform to drive the development of cell and gene therapies that are safer by design - recently announced that it has closed a $15 million Series A investment round, co-led by Illumina Ventures and Mérieux Equity Partners, with contributions from HERAN Partners, and existing investors Tencent and Dieter von Holtzbrinck Ventures (DvH Ventures).