Startups

Convoke: $8.6 Million Secured For Building AI Operating System For Biopharma

By Amit Chowdhry ● Aug 21, 2025

Convoke, an innovative AI-native operating system tailored specifically for the biopharma sector, has successfully secured $8.6 million in seed capital to accelerate its growth and technological development. This financing round was led by the well-established venture capital firms Kleiner Perkins and Dimension Capital, with additional investments from various other firms, including ACME, Comma Capital, Liquid2, Not Boring Capital, Audacious, and Lux Capital. Noteworthy angel investors include prominent figures such as Qasar Younis and Erik Torenberg, alongside other influential leaders in both artificial intelligence and biotechnology.

Group14: $463 Million Series D Raised To Scale Silicon Battery Material

By Amit Chowdhry ● Aug 21, 2025

Group14 Technologies has successfully finalized a substantial funding round, securing US$463 million, primarily led by SK, Inc. This financing round saw robust participation from a distinguished group of existing investors, including notable names such as Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, and the Microsoft Climate Innovation Fund.

Aircards: £3 Million Growth Investment Raised For Advancing Immersive Innovation

By Amit Chowdhry ● Aug 21, 2025

Aircards, a global immersive studio, has secured a £3 million growth capital investment from Foresight Group to fuel its international expansion. The funding will enhance Aircards’ offerings, including immersive content, interactive displays, and analytics, enabling deeper engagement for brands and consumers worldwide.

Cascala Health: $8.6 Million Seed Funding Secured For Advancing AI-Based Clinical Intelligence Platform For Post-Acute Care

By Amit Chowdhry ● Aug 21, 2025

Cascala Health, a healthcare technology company specializing in AI solutions for care teams and post-acute care operators, has raised $8.6 million in seed financing. The funding round was co-led by Flare Capital Partners and Eniac Ventures, along with contributions from other investors, bringing total funding to $11.23 million since its launch in mid-2024.

Zed: $32 Million Series B Raised For Scaling Collaborative AI Coding

By Amit Chowdhry ● Aug 21, 2025

Zed Industries has raised $32 million in Series B funding, led by Sequoia Capital, bringing its total funding to over $42 million. The new funds will help enhance real-time collaboration between developers and AI agents within the code.

Functionize: $41 Million Series B Raised For Advancing AI Agents

By Amit Chowdhry ● Aug 21, 2025

Functionize, an AI platform for creating software test cases, has completed a $41 million Series B funding round, bringing its total funding to over $67 million since its inception in 2015. Led by Mumford Investments and LHH Investments, with support from Canvas Ventures and Wipro Ventures, this funding will help accelerate Functionize's mission to enhance enterprise innovation by reducing repetitive tasks through self-correcting automation.

TensorZero: $7.3 Million Seed Funding Raised For Building Stack For Industrial-Grade LLM Applications

By Amit Chowdhry ● Aug 21, 2025

TensorZero, a startup developing an open-source stack for industrial-grade large language model (LLM) applications, has secured $7.3 million in seed funding. Led by FirstMark, the round also includes Bessemer Venture Partners, Bedrock, DRW, Coalition, and several angel investors.