Startups

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).

Mojave: Novel Liquid Desiccant Systems Company Raises $12.5 Million

By Amit Chowdhry ● Sep 20, 2023

Mojave Energy Systems recently announced a $12.5 million seed round of funding that will be used to launch its third-generation liquid desiccant air conditioning platform. This funding round was co-led by At One Ventures and Fifth Wall, with participation from Xerox Ventures and others. And the company spun out of the Palo Alto Research Center (PARC).

Nephron Pharmaceuticals: $350 Million Raised Led By BlackRock And PNC

By Amit Chowdhry ● Sep 20, 2023

Nephron Pharmaceuticals recently celebrated a successful $350 million capital raise led by BlackRock Capital Investment Advisors, LLC and PNC Bank to support future growth of the pharmaceutical manufacturer.

The Sporting News: $15 Million Raised To Advance Brand Growth

By Noah Long ● Sep 20, 2023

The Sporting News (TSN) – one of the most iconic brands in sports media and the oldest sports publisher in the United States – recently announced it has raised $15 million. This incremental funding round will facilitate the brand's growth and pivot the TSN business to more transactionally led. The funding was led by LSE-traded Playtech, alongside several other market leaders in the sports and digital media industries.

Superorder: All-In-One Delivery And Takeout Operating System Company Closes $10 Million

By Amit Chowdhry ● Sep 20, 2023

Superorder - the first all-in-one delivery and takeout operating system for restaurants – recently announced the close of a $10 million Series A and angel funding round led by Foundation Capital with participation from investors like Michael Seibel (Managing Director of Y Combinator), Kyle Vogt (Cofounder CEO Cruise), Daniel Kan (Cofounder Cruise), Jon Swanson (Chairman Thumbtack), James Beshara (Founder MagicMind) and I2BF Global Ventures.

Learn.xyz: Generative AI Learning Company Raises $3 Million

By Amit Chowdhry ● Sep 20, 2023

Learn.xyz - a generative AI learning startup – recently announced the launch of its fully AI-powered social learning app on iOS and Android on the heels of closing a $3 million seed funding round. Launching to a global market recently, the app allows users to learn about any topic, in almost any language.

Glass Health: AI-Powered Clinical Decision Support Company Raises $5 Million

By Amit Chowdhry ● Sep 19, 2023

Glass Health recently announced a $5 million seed round led by Initialized Capital for the company’s AI-powered clinical decision support platform. And the new funding round will accelerate our mission to empower clinicians with generative AI tools to help end the clinician burnout epidemic and improve patient outcomes worldwide. The company is also counting prominent healthcare founders as mentors and investors in this round, including Tom Lee, founder of One Medical, Epocrates, and Galileo Health; Connor Landgraf, founder and CEO of Eko Health; and Heather Hasson & Trina Spear, the co-founders of FIGS.

Ontopical: Data Intelligence Company Secures $3.3 Million To Help Businesses Win Government Work

By Noah Long ● Sep 19, 2023

Ontopical – a trusted data and intelligence platform to help businesses discover and win government work – recently announced a $3.3 million seed extension round co-led by Rhino Ventures and Graphite Ventures and supported by Accelerate Fund III. This funding round also incorporates a grant from Alberta Innovates. Ontopical has raised over $6 million in funding so far.

Touring Capital Launches To Invest In Early-Growth Stage AI-Powered SaaS Companies

By Amit Chowdhry ● Sep 19, 2023

Nagraj Kashyap, Priya Saiprasad, and Samir Kumar recently announced the launch of Touring Capital - a venture capital firm focused on investing in the next generation of early-growth stage AI-powered SaaS startups worldwide. And Touring Capital's founding partners previously led M12 (Microsoft's venture fund) and Qualcomm Ventures, along with leadership roles at SoftBank Vision Fund II.

Patronus AI: Automated Evaluation And Security Platform Company Secures $3 Million

By Amit Chowdhry ● Sep 19, 2023

Patronus AI recently announced a $3 million seed funding round led by Lightspeed Venture Partners with participation from Factorial Capital, the CEO of Replit Amjad Masad, Gokul Rajaram, and several other Fortune 500 executives and board members.

Databricks: Over $500 Million In Series I Funding Raised At $43 Billion Valuation

By Amit Chowdhry ● Sep 19, 2023

Data and AI company Databricks recently announced a Series I funding round at over $500 million. This funding round values the company at $43 billion and establishes the price per share at $73.50. This funding round was led by funds and accounts advised by T. Rowe Price Associates, which is joined by other existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds and accounts managed by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital and Tiger Global and new investors Capital One Ventures, Ontario Teachers' Pension Plan and NVIDIA.

Sailes: $5.1 Million Closed To Automate Sales Prospecting With AI

By Noah Long ● Sep 19, 2023

Sailes – an AI startup that developed its patent-pending Sailebots to automate all points in the prospecting lifecycle – recently announced the closing of a $5.1 million Series A funding round led by Lewis & Clark Ventures. The funding round was supported with investments from Acronym Venture Capital and Tenzing Capital and follow-on investment from existing investors KCRise Fund and Valor Ventures. This funding round brings the company's total funding to $6.6 million.

Orbee: $4 Million To Build Data Management Software For The Auto Industry

By Annie Baker ● Sep 19, 2023

Orbee - a leading technology service provider for the automotive industry – recently announced the closing of its oversubscribed Series A financing round, which raised $4 million to drive the growth of the company’s innovative platform for the auto retailing ecosystem, including dealership groups and their technology and service providers.

Actio Biosciences: $55 Million Closed To Make Advances In Precision Medicine

By Noah Long ● Sep 19, 2023

Actio Biosciences - a biotechnology company utilizing a novel platform approach to genetics and precision medicine to develop new therapeutics that target shared underlying biology in both rare and common diseases – recently announced the completion of a $55 million Series A financing. The funding round was led by Canaan and DROIA Ventures, with participation from existing investors Deerfield Management and EcoR1, and new investor Euclidean Capital.

Binalyze: Digital Forensics And Incident Response Company Receives $19 Million

By Noah Long ● Sep 19, 2023

Binalyze - a leading provider of cutting-edge Digital Forensics and Incident Response (DFIR) solutions - recently announced it has raised a $19 million Series A round of funding. Molten Ventures led this funding round with participation from existing investors Earlybird Digital East and OpenOcean, and new strategic investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital.

Mariana Oncology: $175 Million Secured To Drive Radiopharmaceutical Innovation

By Dan Anderson ● Sep 19, 2023

Mariana Oncology - a biotechnology company pioneering a new era of radiopharmaceutical innovation to treat cancers with high unmet needs - recently announced the closing of an oversubscribed $175 million Series B financing co-led by Deep Track Capital and Forbion. Founding investors Atlas Venture, Access Biotechnology, and RA Capital Management are joined by additional new investors Nextech Invest, Surveyor Capital (a Citadel company), and Eli Lilly and Company.

Delos Insurance: Wildfire Science And Satellite Imagery Expertise Company Closes $7.3 Million

By Annie Baker ● Sep 19, 2023

Delos Insurance Solutions - a company that uses wildfire science and satellite imagery expertise to solve homeowners' wildfire insurance availability issues - recently announced a $7.3 million seed extension round. This funding round enables the company's expansion in the California homeowners' insurance market.

Heliene: Solar PV Module Company Pulls In $170 Million In Funding

By Noah Long ● Sep 19, 2023

Heliene - a customer-first provider of North American-made solar PV modules - recently announced it closed $170 million in funding led by a group of key partners and customers. The funding round includes $20 million in equity and $150 million of debt, to be utilized for Heliene’s expansion and creating well-paying jobs in manufacturing within the clean energy transition.

ReSeed: $4.6 Million Secured To Bring Carbon Credits From Smallholder Farmers To The Market

By Noah Long ● Sep 19, 2023

AI-powered regenerative nature-based services provider ReSeed recently announced a seed raise of $4.6 million led by One Small Planet. And additional investors include Thorn Partners and a mix of angel investors, including Baratunde Thurston and Elizabeth Stewart. This capital raise enables ReSeed to expand further into the commercial market.

Carenostics: Healthcare AI Company Focused On Undertreated Chronic Disease Closes $5 Million

By Annie Baker ● Sep 19, 2023

Carenostics - a pioneering healthcare AI startup tackling undiagnosed and undertreated chronic disease - recently announced that it has successfully closed a $5 million seed funding round led by M13.

Sonex Health: $40 Million Raised To Help Treat Common Orthopedic Syndromes Affecting Extremities

By Annie Baker ● Sep 19, 2023

Sonex Health - a leader in the ultrasound-guided treatment of common orthopedic syndromes affecting the extremities - recently announced the closing of a Series B funding round, raising $40 million.

Generate:Biomedicines: $273 Million Received For Advancing Generative AI Of Protein Therapeutics

By Amit Chowdhry ● Sep 19, 2023

Generate:Biomedicines - a clinical-stage biotherapeutics company pioneering a machine-learning-powered generative biology platform - recently announced that it has raised $273 million in Series C financing. This funding round attracted many new investors including Amgen; NVentures, NVIDIA’s venture capital arm; MAPS Capital (Mirae Asset Group); and Pictet Alternative Advisors.