Startups

Variational AI: $5.5 Million Raised For Small Molecule Drug Discovery

By Amit Chowdhry ● Feb 26, 2025

Variational AI (the company behind Enki) - which is an advanced foundation model for small molecule drug discovery - announced the completion of its oversubscribed $5.5 million Seed extension round. Nimbus Synergies led the round, with participation from Merck Global Health Innovation Fund, Quimby Investments, Threshold Impact, and Defined Capital. Existing investors Flying Fish, A&E Investment, and Nepenthe Capital participated in the round.

COVU: Series A Increased To Over $22 Million For Insurance Customer Management Platform

By Amit Chowdhry ● Feb 26, 2025

COVU, an AI-native leader in insurance customer management and risk advisory, announced that it has increased its Series A to $22 million after successfully hitting key milestones, bringing its total funding to $32 million.

Metronome: $50 Million (Series C) Raised For Advancing Usage-Based Pricing In Software And AI

By Amit Chowdhry ● Feb 26, 2025

Metronome, a leading usage-based billing platform, announced $50 million in Series C funding following an 8-fold increase in dollars billed on the platform in 2024. Existing investor NEA led the round, which also included a16z, Greyhound Capital, General Catalyst, Workday Ventures, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures. The company has now raised $128 million.

Paradox Immunotherapeutics: $10 Million Raised For Development Of Antibody Therapies To Treat Protein Misfolding Diseases

By Amit Chowdhry ● Feb 26, 2025

Paradox Immunotherapeutics, a pharmaceutical company focused on developing innovative antibody therapies that treat protein misfolding diseases, announced a $10 million financing led by SymBiosis, an investment firm focused on advancing biotherapeutics innovations for serious and life-threatening diseases.

Hyperlume: $12.5 Million (Seed) Secured For Transforming AI Data Center Connectivity

By Amit Chowdhry ● Feb 26, 2025

Hyperlume announced it has completed a $12.5 million seed round to commercialize its high bandwidth, low latency, low power interconnects for AI data centers and high-performance computing systems. This oversubscribed round, led by BDC's Deep Tech Venture Fund and ArcTern Ventures with participation from MUUS Climate Partners, SOSV and Intel Capital also includes a strategic investment from LG Technology Ventures.

Guidde: $15 Million (Series A) Raised For Building Autonomous AI Video Platform For Digital Adoption

By Amit Chowdhry ● Feb 26, 2025

Guidde, a pioneer in AI-based video documentation, announced a $15 million expansion of its Series A funding round, bringing total funding to $30 million. The funding round was led by Qualcomm Ventures, with participation from existing investors, including Norwest Venture Partners, Entrée Capital, Honeystone Ventures, Tiferes Ventures, and Inkberry Ventures.

Lambda: $480 Million (Series D) Raised For Expanding AI Cloud Platform

By Amit Chowdhry ● Feb 26, 2025

AI Developer Cloud Lambda announced it has raised $480 million in Series D, bringing the total equity capital raised to date to $863 million. The funding round was co-led by Andra Capital and SGW, with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, and others. Strategic investment came from Pegatron, Supermicro, Wistron, and Wiwynn, and many existing investors, including 1517, Crescent Cove, and USIT.

Baseten: $75 Million (Series C) Raised To Advance Inference Platform For AI-Native Products

By Amit Chowdhry ● Feb 26, 2025

Baseten, a leading inference platform for AI-native products, announced the closing of a $75 million Series C round of funding co-led by IVP and Spark with additional participation from Greylock, Conviction, South Park Commons, 01 Advisors, and Lachy Groom.

VitalConnect: Ambulatory Cardiac Monitoring Company Raises $100 Million

By Amit Chowdhry ● Feb 26, 2025

VitalConnect, a biosensor technology leader specializing in ambulatory cardiac monitoring, announced the closing of $100 million in financing through a combination of equity and debt capital. The equity funding was led by new investor Ally Bridge Group, with significant participation from the Company’s existing investors, including EW Healthcare Partners, MVM and Revelation Partners while Trinity Capital provided the debt financing.

EnPlusOne Biosciences: About $10 Million Raised For Delivering Better RNA At Scale

By Amit Chowdhry ● Feb 26, 2025

EnPlusOne Biosciences, a biotechnology company utilizing the power of enzymes to deliver better RNA at scale, announced that it had raised additional funding to scale and drive continued technical advancements of its ezRNA synthesis platform.

Ochy: AI-Based Running Gait Platform Raises $1.7 Million (Pre-Seed)

By Amit Chowdhry ● Feb 26, 2025

Ochy, a transformative AI-based running gait platform that is redefining how athletes enhance performance and prevent injuries, announced a $1.7 million pre-seed fundraising round. The funding round was led by Redstone’s Social Impact Fund, with participation from Look AI Ventures, BPI France, Berkeley SkyDeck, and strategic corporate investors, including Agile Physical Therapy.

Musubi: $5 Million (Seed) Raised To Transform Trust & Safety AI

By Amit Chowdhry ● Feb 26, 2025

Musubi, an AI platform transforming Trust & Safety through adaptive AI content moderation, announced it has raised $5 million in an oversubscribed seed round. This funding was led by J2 Ventures with participation from Shakti Ventures, Mozilla Ventures, and existing pre-seed investor J Ventures. Launched by the former CTO of Grindr and OkCupid, Musubi is set to revolutionize the Trust & Safety landscape with its unique approach.