Startups

Heaviside Industries Raises $28 Million Series A To Scale Autonomous Precision Munitions

By Amit Chowdhry ● May 12, 2026

Heaviside Industries has emerged from stealth with a $28 million Series A funding round led by Interlagos, with participation from Menlo Ventures, Flume Ventures, Cantos, Anorak Ventures, and a group of defense-focused individual investors including Frank Finelli, former Partner and Managing Director at The Carlyle Group; Paul Dimitruk, Co-Founder and Senior Partner at Partners Capital; and Aaditya Devarakonda, former CEO of Dedrone. The Los Angeles-based defense company has been operating quietly since its founding in 2024, building a team of more than 50 engineers and operators across offices in Los Angeles and Oslo, Norway.

4AM Raises $4 Million Seed Round And Launches Science-Backed Clean Sheets In 1,745 Target Stores

By Amit Chowdhry ● May 12, 2026

4AM has closed an oversubscribed seed round of more than $4 million led by CAVU Consumer Partners — the firm behind poppi, Necessaire, and Vital Proteins — and is launching its hero product, Clean Sheets, in 1,745 Target stores nationwide. The round also attracted participation from B4 Capital and Type Capital, alongside a tightly curated group of strategic angel investors including Joe Cloyes of Youth to the People, Cassandra Grey of Violet Grey, Brian Bordainick of Starface, dermatologists Dr. Muneeb Shah and Dr. Joyce Park, Maggie Sellers Reum of Hot Smart Rich, and Michelle Hu of Etoile. The launch caps a year of four-times year-over-year revenue growth, four sold-out production runs, and a number-four ranking in TikTok Shop's Cleansers category.

Boundary Labs Raises $2 Million Pre-Seed To Launch Institutional Stablecoin USBD

By Amit Chowdhry ● May 12, 2026

Boundary Labs has announced the closing of a $2 million pre-seed funding round led by Galaxy Ventures, with participation from institutional finance partners and angel investors, including VCs BlackWood and FirstBlock Capital. The capital will accelerate the launch of USBD, a stablecoin protocol engineered specifically for financial and blockchain institutions and approved participants that require a new standard of on-chain verifiability in the more than $300 billion stablecoin market.

Paymentology Raises $175 Million To Accelerate Global Issuer Processing Expansion

By Amit Chowdhry ● May 12, 2026

Paymentology, the London-based global issuer-processor, has raised $175 million in a funding round co-led by Apis Partners, a private equity firm specializing in financial infrastructure and services, and Aspirity Partners, a pan-European private equity firm focused on financial technology and services. The investment will support Paymentology's continued global expansion, product development, and team growth as the company builds on strong demand for modern issuer processing at scale.

AMP IT Closes New Funding Round To Scale Private EV Charging Platform Across Switzerland And Europe

By Amit Chowdhry ● May 12, 2026

AMP IT, a Geneva-based energy and mobility company, has completed a new funding round supported notably by the Swiss Technology Fund, bringing the company's total funding to €7 million since its founding in 2021. The capital will support operational scaling, further development of its proprietary software platform, and expansion into selected European markets beyond its core Swiss market.