Startups

Modular: $100 Million In Funding Closed To Fix AI Infrastructure For Developers

By Amit Chowdhry ● Aug 25, 2023

Modular recently announced that it has raised $100 million in a new round of funding led by General Catalyst and filled by existing investors GV (Google Ventures), SV Angel, Greylock, and Factory. This second funding round follows the company’s first $30 million round from last year and will enable the company to supercharge our vision for the future of AI infrastructure for the world's developers.

Hugging Face: $235 Million Raised At $4.5 Billion Valuation

By Amit Chowdhry ● Aug 25, 2023

Hugging Face is a collaboration platform for the machine learning community. The company recently announced raising $235 million in funding at a $4.5 billion valuation.

ExcepGen: Genetic Medicine Company Closes $14 Million In Total Seed Funding

By Amit Chowdhry ● Aug 25, 2023

ExcepGen is a genetic medicine startup that recently emerged from stealth after the successful completion of its newest funding round. The most recent $4 million round - which brought the company's total seed funding to $14 million - was led by RA Capital Management and backed by Gravity Fund, Apollo Projects (Sam Altman), and other premier investors.

Grip Security: SaaS Identity Risk Management Company Closes $41 Million In Funding

By Dan Anderson ● Aug 25, 2023

Grip Security - a leader in SaaS identity risk management - recently announced it is raising $41 million in Series B funding led by Third Point Ventures, with participation from YL Ventures, Intel Capital and The Syndicate Group. This funding round would bring Grip Security’s total funding to $66 million and marks a major milestone for the company, further accelerating its go-to-market strategy and advancing product development.

Massdriver: $8 Million Raised To Provide A Cloud Operations Platform To Reduce Infrastructure Burdens

By Noah Long ● Aug 25, 2023

Massdriver - an extensible cloud operations platform with an intuitive visual interface that enables self-service and reduces infrastructure burdens for software engineers and cloud ops teams deploying cloud-native applications without lock-in - recently announced it has secured $8 million in funding to "smash the barriers holding back engineering teams worldwide." This funding round fuels Massdriver’s mission to make cloud infrastructure easy, open, and approachable for every engineering team through an agnostic solution.

Functional Finance: $8 Million Secured To Automate Data And Reporting For Insurance Companies

By Amit Chowdhry ● Aug 25, 2023

Functional Finance - a software platform that integrates and automates data and reporting functions for insurance companies - recently announced that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments, which will go towards product development and client relationships. This funding round round was led by venture capital and growth equity firms New Enterprise Associates, Inc. (NEA), Walkabout Ventures and Altai Ventures, with participation from industry titan Hank Greenberg's C.V. Starr Insurance and other premier investors.

Knot: Card-On-File Management Company Secures $10 Million In Series A

By Noah Long ● Aug 25, 2023

Knot - a platform that enables card issuers to automatically switch saved payment methods at the request of their users - recently announced a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. And the funding will be used to scale Knot's services and accelerate the expansion of its merchant support.

Aulos Bioscience: $20 Million Raised To Transform Cancer Care Through IL-2 Therapeutics

By Dan Anderson ● Aug 25, 2023

Aulos Bioscience - an immuno-oncology company working to revolutionize cancer care by developing potentially best-in-class IL-2 therapeutics - recently announced $20 million in Series A extension funding committed by Apple Tree Partners (ATP). The funds will advance Aulos’ lead human monoclonal antibody candidate, AU-007, through its initial Phase 2 clinical study in solid tumor cancers.

Converge Insurance: Cyber Risk Management Company Secures $15 Million From Forgepoint Capital

By Annie Baker ● Aug 25, 2023

Converge Insurance - the pioneers in advanced cyber risk management and underwriting - recently announced $15 million in Series A funding from Forgepoint Capital. Forgepoint Managing Directors Don Dixon and Andrew McClure have joined Converge Insurance’s Board of Directors as part of the funding round.

Solu Therapeutics: $31 Million Raised To Develop Therapeutics To Eliminate Disease-Driving Cells

By Amit Chowdhry ● Aug 24, 2023

Solu Therapeutics - a precision-medicine company developing therapeutics to eliminate disease-driving cells - founded by Longwood Fund recently announced the closing of an oversubscribed $31 million seed financing co-led by Longwood and Santé Ventures, with additional participation from DCVC Bio, Astellas Venture Management, and Alexandria Venture Investments.

ConfiAbogado: Legal Services Platform Secures $1.65 Million

By Amit Chowdhry ● Aug 24, 2023

ConfiAbogado - a legal tech startup and largest B2C labor law provider in Latin America - recently announced $1.65 million in seed funding led by Tuesday Capital. And participating investors also include DTB Capital, Seedstars International Ventures, 500 Global, Invariantes, Goodwater, GAIN Capital, and Side Door Ventures.

Abbey Labs: Identity And Access Management Company Raises $5.25 Million

By Annie Baker ● Aug 24, 2023

Abbey Labs - an innovator in identity and access management (IAM) - recently announced that it raised a $5.25 million seed round to help companies secure and automate employee access to sensitive data infrastructure. This seed funding round was led by Point72 Ventures with participation from Haystack, Essence Ventures, and angels across the security, infrastructure, and data verticals like Emilio Escobar (CISO of Datadog), Harold Gimenez (SVP of Engineering at Hashicorp), and Pete Soderling (Founder of Data Council).

FeelBetter: $5.9 Million Secured To Optimize Medication Management For Polypharmacy Patients

By Noah Long ● Aug 24, 2023

FeelBetter - a leading provider of medication management technology and pioneer of Pharmaco-Clinical Intelligence - recently announced that it has raised $5.9 million in funding. And Firstime Ventures and Shoni Health Ventures led the funding round with participation from Random Forest VC, The Group Ventures, and existing FeelBetter investor Triventures, bringing the Company's total funding to $8 million.

Nile: Next-Generation Enterprise Network Company Secures $175 Million

By Dan Anderson ● Aug 24, 2023

Topline Pro: $12 Million Secured To Enable Home Services Professionals To Manage And Scale Businesses Online

By Noah Long ● Aug 24, 2023

Topline Pro - a Generative AI platform enabling home services professionals to manage and scale their businesses online - recently announced $12 million in Series A funding led by Forerunner Ventures (Brian O'Malley) along with support from Bonfire Ventures (Jim Andelman), TMV (Soraya Darabi), BBG Ventures (Susan Lyne).

Cyble: Threat Intelligence Provider Closes $24 Million In Funding

By Annie Baker ● Aug 24, 2023

Cyble - a rapidly growing threat intelligence provider that blends cybersecurity and artificial intelligence to develop state-of-the-art threat intelligence solutions - recently announced a $24 million Series B funding round.

Genomes.io: Biotech Company Secures $20 Million For Monetization Of Genomic Data

By Noah Long ● Aug 24, 2023

Genomes.io - a biotech company focused on the safe, private, and auditable monetization of genomic data - recently announced that it has revealed its partnership with the Bahamas-based digital asset investment firm GEM Digital Limited.

ReflexAI: AI-Powered Training And Quality Assurance Company Raises $3.3 Million

By Annie Baker ● Aug 24, 2023

ReflexAI - a provider of AI-powered training and quality assurance tools for high-stakes call centers - recently announced its first round of venture funding. Led by Footwork, the $3.3 million oversubscribed round included Emerson Collective, Alt Capital, Gaingels, and angel investors with expertise across healthcare and technology innovation.

DeckMatch: €1 Million In Pre-Seed Raised To Help VCs By Automating Startup Pitch Deck Analysis

By Amit Chowdhry ● Aug 22, 2023

DeckMatch is an Oslo-based technology platform transforming how VCs handle and evaluate inbound startup pitches. And the company announced recently that it has raised a €1 million pre-seed round co-led by Alliance VC and Skyfall Ventures. Serial entrepreneur and Copenhagen-based super angel Nicolaj Højer Nielsen also joined the round.

Sapphire Technologies: $10 Million Secured To Develop Energy Recovery Systems For Hydrogen And Natural Gas Applications

By Amit Chowdhry ● Aug 22, 2023

Sapphire Technologies - a developer and manufacturer of energy recovery systems for hydrogen and natural gas applications - recently announced that it closed its Series B funding round.

ZetaChain: Layer-One Blockchain Company Raises $27 Million To Bring Universal Interoperability To Crypto

By Amit Chowdhry ● Aug 22, 2023

ZetaChain - a layer-one blockchain that brings universal interoperability to crypto - recently announced it has closed a $27 million equity funding round from a range of top participants. The participants in the funding round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.

Apica Raises $10 Million And Buys LOGIQ.AI

By Dan Anderson ● Aug 21, 2023

Apica - the leader in synthetic monitoring and observability - recently announced its agreement to buy observability data fabric startup LOGIQ.AI. And Apica also announced it has raised $10 million in funding from existing investors Industrifonden, SEB Foundation, and Oxx.

Blue Laser Fusion: Novel Laser Fusion Technology Company Secures $25 Million

By Annie Baker ● Aug 21, 2023

Blue Laser Fusion (BLF) - a private venture funded company with a novel laser fusion technology - recently announced it has raised a total of $25 million in its first Series Seed round funding. The major investors are two top-tier venture capitalists in Japan: JAFCO Group Co., Ltd. and SPARX Group Co., Ltd (Mirai Creation Fund III).

GlossGenius: Beauty Sector Business-In-A-Box Platform Company Closes $28 Million

By Noah Long ● Aug 21, 2023

GlossGenius - a business-in-a-box platform for small businesses in the beauty and wellness sector - recently announced a $28 million Series C funding round. This equity round was led by the Growth Fund of L Catterton, a leading global consumer-focused investment firm, with participation from Bessemer Venture Partners and Imaginary Ventures. And this is the second up-round for GlossGenius in the last year and has brought the company’s total funding to approximately $70 million.

Energize Capital: Climate Software Investor Raises $300 Million

By Amit Chowdhry ● Aug 21, 2023

Energize Capital (previously Energize Ventures) - a leading climate software investor - recently announced the close of its second growth fund, bringing the firm's total capital commitments for the growth equity platform to $300 million.

ev.energy: EV Managed Charging Software Platform Secures $33 Million

By Annie Baker ● Aug 21, 2023

ev.energy - a leading electric vehicle (EV) managed charging software platform - recently announced its $33 million Series B raise, bringing total funded capital to $46 million. This funding round was led by National Grid Partners (NGP) with support from Aviva Ventures, WEX Venture Capital and InMotion Ventures (the investment arm of Jaguar Land Rover). The funding round also saw continued support from existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV), and ArcTern Ventures.

RapidAI: $75 Million Closed To Develop AI Workflow Solutions To Combat Life-Threatening Diseases

By Dan Anderson ● Aug 21, 2023

RapidAI - a leader in developing AI and technology workflow solutions to combat life-threatening neurovascular, cardiac, and vascular diseases - recently announced $75 million in Series C funding led by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on the enterprise software, data, and technology markets. And this funding round aims to drive platform innovation to support more disease states and go-to-market functions to accelerate growth in new regions and product verticals.

Tribal Diagnostics: Native American-Owned Medical Diagnostics Company Raises $3.2 Million

By Annie Baker ● Aug 21, 2023

Raven Indigenous Capital Partners recently announced an investment into Tribal Diagnostics, a Native American-owned high complexity medical diagnostics laboratory serving medical providers in and around Indian Country. The $3.2 million investment will fund growth into new markets, lab service innovations, and increased hiring. And Tribal Diagnostics is growing to meet the needs of more clients in more locations.

Mobilo: Digital Business Card Company Raises $4.1 Million

By Amit Chowdhry ● Aug 21, 2023

Mobilo - the maker of the first smart business card for teams and the digital business card scene - recently announced it raised $4.1 million in seed funding. Deepwork Capital, TMT Investments, and some Dutch angel investors provided the funding. The company is now primed to make artificial intelligence (AI) the new best friend of your networking events and meetings, turning casual encounters into lead-generation opportunities.

Beeyond Media: Programmatic Digital Out of Home Ad Demand-Side Platform Closes $10 Million

By Dan Anderson ● Aug 21, 2023

Beeyond Media - a leading programmatic Digital Out of Home (DOOH) advertising demand-side platform (DSP) - recently announced the closing of a $10 million seed round led by Ricardo Uribe of RAU Capital and Beeyond Media board member. This latest funding round will be used to scale the Beeyond business in the United States and Latin America and help Beeyond Media expand its vast connected inventory in other markets throughout 2024. This latest round of funding brings total dollars raised to $12.5 million.