Startups

hiline Services: Strategic Investment Received From Red Iron Group

By Noah Long ● Nov 14, 2023

Red Iron Group - a Menlo Park-based private investment firm – recently announced a significant growth investment in hiline Services, LLC - a fast-growing provider of financial operations-as-a-service. Red Iron Group will provide financial, operational, and strategic support to accelerate hiline's organic growth while significantly expanding the Company's technology solutions and facilitating strategic acquisitions.

P0 Security: $5 Million Raised To Advance Solutions For Secure Cloud Access

By Dan Anderson ● Nov 14, 2023

P0 Security - the company building the industry's first unified solution to secure cloud access and developer entitlements – recently announced it has secured $5 million in seed funding led by Lightspeed Venture Partners, SV Angel, and multiple angel investors.

Bower Selected For Google.org Fellowship And Receives €1.75M Grant Funding

By Amit Chowdhry ● Nov 14, 2023

Bower – a world-unique mobile app incentivizing recycling – was selected for a Google.org Fellowship and a €1.75 million grant through Google.org Impact Challenge - Tech for Social Good.

Augmentus: Intelligent And No-Code Robotics Software Solutions Company Closes $5 Million

By Annie Baker ● Nov 14, 2023

Augmentus - a global leader in intelligent and no-code robotics software solutions - recently announced the successful completion of a $5 million Series A funding round. Sierra Ventures led this funding round along with existing seed investor Cocoon Capital.

Black Ore: AI-Based Financial Services Company Raises $60 Million

By Amit Chowdhry ● Nov 13, 2023

Black Ore - a leading AI platform for financial services - recently launched and announced $60 million in financing led by a16z and Oak HC/FT. And the company plans to use the funds to onboard new customers, grow its team, and accelerate the development of additional AI products across financial services.

Sanguine Biosciences: $10 Million Credit Financing Provided By Catalio Capital Management

By Amit Chowdhry ● Nov 13, 2023

Sanguine Biosciences - a leading biospecimen procurement services company that empowers patients to accelerate precision medicine and cell and gene therapy research and development - recently announced that it secured $10 million in credit financing from Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm.

Genome Insight: Precision Healthcare Solutions Company Raises $23 Million

By Amit Chowdhry ● Nov 13, 2023

Genome Insight - a precision healthcare solutions company promoting whole-genome technology for accurate diagnosis and personalized treatment for cancer and rare disease - recently announced that it has closed a $23 million in a Series B-2 investment in its latest funding round.

Mainstream Fiber Networks To Expand With Strategic Investment From Searchlight Capital

By Dan Anderson ● Nov 13, 2023

Mainstream Fiber Networks recently announced it is planning to rapidly expanding high-speed broadband access to thousands of unserved and underserved rural Hoosier communities thanks to a new strategic investment from global private investment firm Searchlight Capital Partners, L.P.

Neteera: Contactless Patient Monitoring Market Raises $6.7 Million

By Annie Baker ● Nov 13, 2023

Neteera Technologies - an Israel-based company disrupting the contactless patient monitoring market - recently announced the successful closing of about $6.7 million Series B extension. This funding round was led by Aescuvest, a renowned healthcare investment firm, along with Foxconn Technology, an associate of Hon Hai Precision Industry, the largest electronics manufacturer globally.

ORO Labs: Workflow Orchestration Platform Closes $34 Million

By Noah Long ● Nov 13, 2023

ORO Labs - a leading global SaaS provider and creator of the world’s foremost smart workflow orchestration platform for procurement - recently announced it has raised $34 million in Series B funding led by Felicis, with participation from existing investors including Norwest Venture Partners, B Capital, and XYZ Venture Capital.

Graylog: Security Information and Event Management Company Closes $39 Million

By Amit Chowdhry ● Nov 13, 2023

Graylog - a Security Information and Event Management (SIEM) and log management company - recently announced that it has secured $39 million in funding to help continue its significant growth momentum. New investor Silver Lake Waterman and existing investors Piper Sandler Merchant Banking and Harbert Growth Partners led the financing.

NaNotics Receives Investment From LifeSpan Vision Ventures

By Noah Long ● Nov 13, 2023

LifeSpan Vision Ventures (an investment firm dedicated to longevity biotech) recently announced an investment in NaNotics LLC. This preclinical-stage biopharmaceutical company is developing NaNots, a novel subtractive nanoparticles that treats disease by capturing and clearing pathogenic molecules from blood.

Infinitum: Sustainable Air-Core Motor Company Secures Raises $185 Million

By Amit Chowdhry ● Nov 13, 2023

Infinitum - the sustainable air-core motor creator - recently announced $185 million in Series E funding led by Just Climate with participation from Galvanize Climate Solutions and NGP. Existing investors, including Alliance Resource Partners, Rockwell Automation, Riverstone Holdings, Chevron Technology Ventures, Cottonwood Technology Fund, and Ajax Strategies, also joined in this round, bringing total funding to date to $350 million. The funds will be used to expand the company and increase production to meet customer demand and drive decarbonization in the industrial sector, one of the largest and hardest-to-abate emitters of greenhouse gases.

Kasa Living: Tech-Powered Hospitality Brand Raises $70 Million

By Amit Chowdhry ● Nov 13, 2023

Kasa Living - a leading tech-powered hospitality brand - recently announced the close of a $70 million Series C fundraise. Citi Ventures and FirstMark Capital led the all-equity round with participation from new investors New York Life Ventures and Fireside Investments. And all major existing investors, including RET Ventures, Zigg Capital, and Ribbit Capital, participated in the twice-upsized and oversubscribed round.

MapLight Therapeutics: $225 Million Secured To Develop Therapeutics For Improving Brain Disorder Conditions

By Amit Chowdhry ● Nov 13, 2023

MapLight Therapeutics - a clinical-stage biopharmaceutical company working to develop targeted novel therapeutics to improve the lives of people with brain disorders - recently announced the closing of an oversubscribed $225 million Series C financing to continue the advancement of MapLight's transformative treatments for neuropsychiatric and neurological conditions.

Final Offer: Consumer-Facing Offer Management And Negotiation Platform Company Raises $5 Million

By Noah Long ● Nov 13, 2023

Final Offer - the only consumer-facing offer management and negotiation platform driven by real estate agents - recently announced it has marked a significant milestone with the successful closure of its Series A funding round by raising $5 million. This funding round will accelerate Final Offer's mission to bring transparency, fairness, and efficiency to the residential real estate market.

Imagine Pharma: $32.5 Million Raised For Development Of Novel IMG-1 Polypeptide And Associated Programs

By Dan Anderson ● Nov 13, 2023

Imagine Pharma - a biotech company focused on furthering the commercialization opportunities related to its novel IMG-1 polypeptide - recently announced that it has raised a $32.5 million Series A round, with an initial traunch of $10 million, bringing the total funding to date to $40 million. This funding round was led by IP Investors LLC, a group of seasoned investors focusing on biotech companies with attainable solutions for unmet medical needs. John T. Callaghan, CPA CFE (representing the investor group), will join the board.

Techstars Reveals Third Annual Cohort For Minnesota Twins Accelerator

By Amit Chowdhry ● Nov 13, 2023

The Minnesota Twins Accelerator by Techstars recently announced its third cohort. Driving a unique pathway in the sports landscape, this accelerator is the first of its kind in Minnesota sports and just the second to be operated and funded by a Major League Baseball club.

Gate Bioscience: $60 Million Closed To Creating A New Class Of Medicines

By Noah Long ● Nov 13, 2023

Free Market Health: $20 Million Secured To Transform The Specialty Pharmacy Ecosystem

By Annie Baker ● Nov 13, 2023

Free Market Health - a healthcare technology company transforming the specialty pharmacy ecosystem with a care-driven marketplace platform - recently announced a $20 million Series B funding round led by Questa Capital with participation from existing investors Alta Partners, Highmark Ventures, and 653 Investment Partners.

Espresa: Personal Benefits Platform Company Secures $23 Million

By Amit Chowdhry ● Nov 10, 2023

Espresa - a personal benefits platform designed for global enterprises - recently announced the completion of its Series A funding round, led by Clear Ventures and totaling $23 million. And all existing investors participated, including Crosslink Capital, New Era Capital Partners, Moneta Venture Capital, Ridge Ventures, and Westwave Capital.

Engine Biosciences: $27 Million Secured To Advance Development Of Precision Oncology Medicines

By Amit Chowdhry ● Nov 10, 2023

Engine Biosciences - a company leveraging machine learning and high-throughput biology to discover and develop precision oncology medicines - recently announced the completion of a $27 million Series A extension. The funding round was led by Polaris Partners, with participation from both new and existing investors, bringing the total funds raised since inception to $86 million. Additional participating investors include existing investors ClavystBio (a life sciences venture investor set up by Temasek), Invus, and EDBI (Singapore-based global investor), and new investors Coronet Ventures (a Singapore-based investment entity of Cedars Sinai Intellectual Property Company) and SEEDS Capital (investment arm of Enterprise Singapore). In connection with the funding, Wen Qi Ho, Ph.D., Therapeutics Lead at ClavystBio, joined Engine’s Board of Directors.

ESG Flo: AI-Powered Data Infrastructure Platform Company Closes $5.25 Million In Seed Funding

By Amit Chowdhry ● Nov 10, 2023

ESG Flo - an AI-powered data infrastructure platform - recently announced that it has secured $5.25 million in seed capital. This funding round was co-led by Rho Ignition and Tola Capital with participation from Bain & Company and Contour Venture Partners.

Upfort: Cyber Security And Insurance Company Raises $8 Million

By Amit Chowdhry ● Nov 10, 2023

Upfort - a cutting-edge cyber security and insurance platform - recently announced it has raised $8 million in a Series A funding round led by SYN Ventures, with additional participation from Eniac Ventures, Fika Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners, Gaingels and Cyber Mentor Fund.

Layr: Insurance Tech Company Secures $10 Million

By Amit Chowdhry ● Nov 9, 2023

Layr - a leading insurance tech company - recently announced that it closed a $10 million round of financing led by Cota Capital. The K Fund, HSCM Ventures, Sandbox Industries, and Flyover Capital also participated in the round.

Stockpress: $1.8 Million Secured To Change How Distributed Teams Approach File Management

By Annie Baker ● Nov 8, 2023

Stockpress - a platform changing how distributed teams approach file management - recently announced it has raised $1.8 million in seed funding, bringing its total to $2.5 million. The funding round was led by Argon Ventures, with participation from York IE, Two Lanterns VC, The The Fund XX/Everywhere Ventures, and follow-on investment from Stage 2 Capital and deftly.vc

CAST AI: $35 Million Raised And New Platform Capabilities Launched

By Amit Chowdhry ● Nov 8, 2023

CAST AI - a leading Kubernetes cost optimization platform - recently announced that it has closed a $35 million Series B round from Vintage Investment Partners and existing investors Creandum and Uncorrelated Ventures. The new funding round follows a $20 million investment round led by Creandum in March, bringing the company’s total funding to $73 million and underscoring its strong growth and increasing demand for its platform.

Aleph Alpha: Generative AI Company Raises Over $500 Million

By Amit Chowdhry ● Nov 8, 2023

Aleph Alpha, a Heidelberg-based leader in the field of explainable and trustworthy AI - recently announced the successful signing of its Series B financing round. The company raised $500 million from a consortium of a total of seven new investors as well as existing investors from previous rounds.

NEXT Insurance: $265 Million Raised And Strategic Partnership With Allstate Revealed

By Amit Chowdhry ● Nov 8, 2023

NEXT Insurance - a leading technology-first small business insurer - recently announced its strategic partnership with Allstate that will combine the companies’ expertise in small business insurance to develop and offer innovative and unique new products to a large underserved market, and a commitment to deepening its reinsurance relationship with Allianz. These partnerships come with a $265 million strategic investment from Allstate and Allianz X.

Enable: Rebate Management Company Raises $120 Million Funding At $1.12 Billion Valuation

By Amit Chowdhry ● Nov 8, 2023

Enable - a rebate management platform company - recently announced that it has raised $120 million in Series D funding led by Lightspeed Venture Partners, with participation from all previous lead investors Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures. This raise values the company at $1.12 billion, bringing the total amount raised since 2020 to $276 million.