Startups

Trust Lab: $15 Million Raised To Mitigate Harmful And Illegal Content

By Noah Long ● Jun 22, 2023

Trust Lab - a company transforming how companies and public entities safeguard Internet users - announced it has closed a Series A funding round of $15 million led by U.S. Venture Partners (USVP) and Foundation Capital.

evolvedMD: Integrated Collaborative Care Management Services Company Closes $14 Million

By Dan Anderson ● Jun 22, 2023

evolvedMD - a market leader in delivering integrated Collaborative Care Management (CoCM) services in primary care - announced it has raised a $14 million Series-A Prime round led by San Francisco-based Conductive Ventures with additional investment from FCA Venture Partners of Nashville, Healthworx in Washington, D.C., and Boston-based Tectonic Ventures and Waterline Ventures.

Instabase: Applied AI Company Raises $45 Million Funding At $2 Billion Valuation

By Amit Chowdhry ● Jun 21, 2023

Instabase - a leader in Applied AI for the enterprise - recently announced its Series C funding round and the launch of AI Hub, a repository of AI apps focused on content understanding and a set of generative AI-based tools. The $45 million Series C funding round, which concluded at the end of 2022, doubled Instabase’s valuation to $2 billion.

Curri: Logistics Platform Company Closes $42 Million In Funding

By Annie Baker ● Jun 21, 2023

Curri recently announced a $42 million Series B funding round led by Bessemer Venture Partners with participation from existing backers Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures, and others.

Tomorrow.io: Weather Intelligence And Climate Adaptation Platform Secures $87 Million

By Dan Anderson ● Jun 21, 2023

Tomorrow.io - a leading weather intelligence and climate adaptation platform - announced recently the successful launch of its R2 satellite from Vandenberg Air Force base on June 12th along with the completion of its $87 million Series E funding led by Activate Capital.

Octave: Outcomes-Focused Behavioral Healthcare Company Closes $52 Million

By Dan Anderson ● Jun 21, 2023

Octave - an innovator in outcomes-focused behavioral health care - announced that it has secured $52 million in Series C funding to drive the national expansion of evidence-based, in-network therapy services. The funding round was led by Cigna Ventures, Novo Holdings, and Avidity Partners, and joined by all existing institutional investors, Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures, and Obvious Ventures.

CubicPV: $103 Million Raised For Supporting U.S. Factory Plans and Tandem Development

By Annie Baker ● Jun 21, 2023

Solar manufacturing company CubicPV announced it has secured new firm equity commitments in excess of $100 million dollars in support of its U.S. factory plans and tandem product roadmap.

CloudZero: Cloud Cost Management Closes $32 Million In Funding

By Annie Baker ● Jun 21, 2023

CloudZero - a cloud cost management company that reported another year of triple-digit growth - announced that it closed $32 million in Series B funding to expand its cloud cost intelligence platform. The funding round was led by Innovius Capital and Threshold Ventures with continued support from existing investors Matrix Partners, Underscore VC, and G20 Ventures.

FIA Tech: Futures Industry Technology Provider Receives $25.4 Million In Funding

By Noah Long ● Jun 21, 2023

FIA Tech - a leading futures industry technology provider - announced that it raised an additional $25.4 million in a funding round led by 6 existing shareholders, Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan, and Wells Fargo, in addition to BNP Paribas. And BNP Paribas joins FIA Tech’s ownership consortium and will serve on its board of directors. This funding round brings the total for FIA Tech to almost $70 million.

Blackbird.AI: AI-Driven Narrative And Risk Intelligence Company Secures $20 Million

By Amit Chowdhry ● Jun 21, 2023

Blackbird.AI - a leader in AI-driven Narrative and Risk Intelligence - announced the closing of a $20 million Series B round led by cybersecurity investor Ten Eleven Ventures with follow-on support from existing investors Dorilton Capital, Generation Ventures StartFast Ventures, and Trousdale Ventures. And other investors include Paul Kurtz, chief cybersecurity advisor to Splunk, and Richard Clarke, the first "cyber czar" for the U.S. Government. This funding round brings the total dollars raised to $32 million.

Theradaptive: Targeted Regenerative Therapeutics Company Raises $26 Million

By Annie Baker ● Jun 21, 2023

Theradaptive - a biopharmaceutical company breaking new ground in targeted regenerative therapeutics - announced that it has closed a $26 million Series A funding round to advance the development of its targeted regenerative therapeutics.

BetterBrand: Food Tech Company Raises $6 Million At $170 Million Valuation

By Amit Chowdhry ● Jun 21, 2023

BetterBrand - a food tech company leading innovation in the $12 trillion refined carb space - announced the closing of $6 million in Series A funding, at a pre-money valuation of $170 million. According to Crunchbase, only 150 sole female founders have ever raised a Series A over $5 million from institutional investors with Yang setting a historical record in valuation.

Recharge Capital: $200 Million Women’s Healthcare Investment Holdings Announced

By Amit Chowdhry ● Jun 21, 2023

Recharge Capital - a leading thematic-first private investment firm - announced recently the successful closure of the first tranche of its Women’s Healthcare Investment Vehicle, backed with funding from investors including Peter Thiel of Thiel Capital, The Olayan Family of the Olayan Group, Blue Lion Group, The Al Rashid Family of the Salmira Investment Fund, Shamrock Holdings of the Disney Family, the Ozmen Family of the Sierra Nevada Corporation, Ian Osborne of Hedosophia, Frank Liu of Texas-based Lovett, and other renowned investment groups.

Madhive: CTV Ad Software Platform Company Raises $300 Million From Goldman Sachs Asset Management

By Amit Chowdhry ● Jun 21, 2023

Madhive - a leading advertising software platform engineered for modern TV advertising - announced that it has signed a definitive agreement with the Private Equity business within Goldman Sachs Asset Management for a $300 million investment in the company.

Connext Labs: Blockchain Interoperability Protocol Raises $7.5 Million At $250 Million Valuation

By Noah Long ● Jun 21, 2023

Connext - a pioneering blockchain interoperability protocol - announced the closure of its strategic fundraising round of $7.5 million at a $250 million valuation.

NewHomesMate: Proptech Company Closes $5.5 Million In Funding

By Noah Long ● Jun 21, 2023

Propertymate - a proptech startup that simplifies the homebuying experience of new construction homes - announced that they raised $5.5M in seed funding. And with given investments, the company aims to expand to new markets in the US and rebrands as NewHomesMate. This new brand name reflects the focus on the new construction homes market and the mission to help homebuyers get the best experience of navigating and buying newly built homes.

Refuel AI: $5.2 Million Raised To Automate Dataset Creation And Labeling For Every Business

By Noah Long ● Jun 21, 2023

Refuel AI - a platform to automate dataset creation and labeling for every business and every use case - announced recently that it exited from stealth with $5.2 million in seed funding led by General Catalyst and XYZ Ventures.

Glystn: $4 Million Raised To Build AI-Powered Community And Engagement Engine For Creators

By Amit Chowdhry ● Jun 21, 2023

A team of social media and online community veterans recently unveiled Glystn: the first AI-driven community engagement engine that helps creators scale through intelligent automation. The company also announced $4 million in funding from Eniac Ventures, Precursor Ventures, Hannah Grey VC, and Future Perfect Ventures.

Specter Aerospace: $9.5 Million In Funding Raised To Develop Advanced Propulsion Technologies

By Dan Anderson ● Jun 20, 2023

Specter Aerospace - a Boston-based area defense contractor specializing in the field of plasma-assisted combustion and hypersonic propulsion - announced recently that it had secured over $9.5 million in previously undisclosed venture and government funding today. This funding round comes from various defense contracts awarded by the DoD and equity investments from CS Ventures and Mandala Ventures.

Bitterroot Bio: $145 Million Raised For Developing Transformative Medicines in Cardio-Immunology

By Annie Baker ● Jun 20, 2023

Bitterroot Bio - a biotechnology company focused on developing novel immunotherapies in cardiovascular disease - announced recently a $145 million Series A financing round co-led by ARCH Venture Partners and Deerfield Management with participation from GV, Koch Disruptive Technologies, Alexandria Venture Investments, and others.

SustainCERT: Climate Impact Verification Company Raises $37 Million

By Noah Long ● Jun 20, 2023

SustainCERT - a Luxembourg-based climate impact verification company - announced recently that it raised $37 million in Series B funding for supporting global expansion. The funding was provided by Partech, Hartree Partners, Citizen Capital, Innovacom, and the Microsoft Climate Innovation Fund.

Course5 Intelligence: Analytics And AI Solutions Company Secures $53 Million

By Annie Baker ● Jun 20, 2023

Analytics and AI solutions company Course5 Intelligence announced that they have successfully completed their round of funding of $53 million with a second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited. The second close saw participation by Carnelian Asset Advisors Pvt Ltd. and affiliates.

XRC Ventures’ Demo Day 2023 Featured Presentations From Accelerator Cohorts 14 And 15

By Amit Chowdhry ● Jun 20, 2023

XRC Ventures is a venture capital firm and accelerator for the next generation of disruptors in the retail technology, consumer goods, and consumer health tech sectors. And Demo Day is XRC Ventures’ highlight event of the year where the firm's newest portfolio startups, the XRC team, investors, and industry insiders gather for startup pitches, dynamic panel discussions, and to network. Demo Day 2023 featured XRC Cohorts 14 and 15.

Orson: Story-As-A-Service Startup Closes $3 Million In Funding

By Amit Chowdhry ● Jun 20, 2023

Orson - a story-as-a-service startup - announced today that it has raised $3 million to deepen its investment in generative AI and the science of video storytelling to help users build meaningful human connections.

Bicycle Capital: New Latin America-Focused Firm Launches Inaugural Fund Targeting $500 Million

By Amit Chowdhry ● Jun 20, 2023

Bicycle Capital - a new growth equity firm focused on Latin America - has announced the launch of its first fund Bicycle I with initial commitments of approximately US$440 million, targeting a total fund size of US$500 million. The firm will be led by Marcelo Claure as Executive Chairman and Managing Partner alongside Mwashuma (Shu) Nyatta as Managing Partner.

Mistral AI: $113 Million In Seed Funding Raised To Automate Existing Processes With LLMs

By Annie Baker ● Jun 20, 2023

Mistral AI is a France-based company that provides businesses with the technology to automate existing processes and develop innovative new products with state-of-the-art large language models. The company has raised $113 million in seed funding at about a $260 million valuation, according to TechCrunch.

AptEdge: $11 Million Closed For Building An Answer Engine For Customer Service

By Annie Baker ● Jun 20, 2023

AptEdge - a generative AI startup building an answer engine for customer service - announced it has raised an oversubscribed $11 million seed+ round led by Stage 2 Capital with other investors (Unusual Ventures, National Grid Partners, Carya Venture Partners, Counterpart Ventures) to support momentum behind its revolutionary solution for the customer service industry.

Startups

Trust Lab: $15 Million Raised To Mitigate Harmful And Illegal Content

evolvedMD: Integrated Collaborative Care Management Services Company Closes $14 Million

Instabase: Applied AI Company Raises $45 Million Funding At $2 Billion Valuation

Curri: Logistics Platform Company Closes $42 Million In Funding

Tomorrow.io: Weather Intelligence And Climate Adaptation Platform Secures $87 Million

Octave: Outcomes-Focused Behavioral Healthcare Company Closes $52 Million

CubicPV: $103 Million Raised For Supporting U.S. Factory Plans and Tandem Development

CloudZero: Cloud Cost Management Closes $32 Million In Funding

FIA Tech: Futures Industry Technology Provider Receives $25.4 Million In Funding

Blackbird.AI: AI-Driven Narrative And Risk Intelligence Company Secures $20 Million

Theradaptive: Targeted Regenerative Therapeutics Company Raises $26 Million

BetterBrand: Food Tech Company Raises $6 Million At $170 Million Valuation

Recharge Capital: $200 Million Women’s Healthcare Investment Holdings Announced

Madhive: CTV Ad Software Platform Company Raises $300 Million From Goldman Sachs Asset Management

Connext Labs: Blockchain Interoperability Protocol Raises $7.5 Million At $250 Million Valuation

NewHomesMate: Proptech Company Closes $5.5 Million In Funding

Refuel AI: $5.2 Million Raised To Automate Dataset Creation And Labeling For Every Business

Glystn: $4 Million Raised To Build AI-Powered Community And Engagement Engine For Creators

Specter Aerospace: $9.5 Million In Funding Raised To Develop Advanced Propulsion Technologies

Bitterroot Bio: $145 Million Raised For Developing Transformative Medicines in Cardio-Immunology

SustainCERT: Climate Impact Verification Company Raises $37 Million

Course5 Intelligence: Analytics And AI Solutions Company Secures $53 Million

XRC Ventures’ Demo Day 2023 Featured Presentations From Accelerator Cohorts 14 And 15

Orson: Story-As-A-Service Startup Closes $3 Million In Funding

Bicycle Capital: New Latin America-Focused Firm Launches Inaugural Fund Targeting $500 Million

Mistral AI: $113 Million In Seed Funding Raised To Automate Existing Processes With LLMs

AptEdge: $11 Million Closed For Building An Answer Engine For Customer Service

Beaconcure: Clinical Data Technology And Automation Company Secures $14 Million

Gridware: $10.5 Million Raised To Improve On Grid Reliability Nationwide

Advocate: $4 Million Raised To Help Workers And Veterans Apply For Government Benefits