Startups

Team8: $500 Million In Funding Raised To Invest In Companies Focused On Digital Transformation

By Amit Chowdhry ● Mar 6, 2024

Team8 (a leading global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors) announced the closing of new funds totaling $500 million, bringing its total assets under management (AUM) to well over the $1 billion mark.

appCD: Generative Infrastructure From Code Company Secures $6 Million

By Amit Chowdhry ● Mar 6, 2024

appCD announced it has unveiled early access to its generative Infrastructure from Code (IfC) software and announced $6 million in seed funding. And appCD uses application code to generate Infrastructure from Code automatically, no code annotation or extensive configuration coding required.

RapidSOS: Intelligent Safety Company Raises $150 Million

By Amit Chowdhry ● Mar 6, 2024

RapidSOS - an intelligent safety company - announced an additional $75 million raise led by funds and accounts managed by BlackRock, which closes the company's latest round at $150 million. Also joining in the round included NightDragon, BAM Elevate, Insight Partners, the private investment division of Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners.

Argonaut Manufacturing Services Raises $45 Million

By Amit Chowdhry ● Mar 6, 2024

Argonaut Manufacturing Services - a leading contract development and manufacturing organization serving the biopharma and life sciences industries - announced the completion of a $45 million financing to support its new drug product fill / finish expansion. And this expansion in Carlsbad, CA, underway since early 2023, includes a new dedicated facility with a state-of-the-art isolator-based filling line that more than quadruples Argonaut’s existing drug product fill/finish capacity and augments existing vial filling capabilities with the ability to pre-fill syringes and cartridges for clinical and commercial supply. Argonaut also expects to validate the facility and all equipment in 2025 fully.

RemotePass: HR And Fintech Company Raises $5.5 Million

By Amit Chowdhry ● Mar 6, 2024

RemotePass—an HR and fintech platform that helps companies onboard, manage, pay, and retain remote workers—announced it has secured $5.5 million in Series A funding. The round was led by 212 VC and participated in by investors in the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund.

TollBit Raises Nearly $7 Million To Address Shifting Economics Of Web Content

By Amit Chowdhry ● Mar 6, 2024

TollBit founders Olivia Joslin and Toshit Panigrahi announced the company has raised $7 million for its new platform, TollBit, which aims to address the shifting economics of web content in the age of AI. TollBit enables AI bots and data scrapers to pay websites directly to license their content.

Nocion Therapeutics: $62 Million Closed To Evaluate Lead Program Taplucanium Dry Powder For Inhalation

By Amit Chowdhry ● Mar 5, 2024

Nocion Therapeutics - a clinical-stage biopharmaceutical company - announced that it has raised $62 million in Series B funding.

HData: $10 Million Raised To Accelerate Energy Sector Data Intelligence

By Amit Chowdhry ● Mar 5, 2024

HData—a company using AI and automation to help the U.S. energy industry file, explore, analyze, and leverage regulatory data—announced the closing of a $10 million Series A funding round led by Buoyant Ventures. The participating investors include Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, and others.

Agio Ratings: Risk Analytics Company Raises $4.6 Million

By Amit Chowdhry ● Mar 5, 2024

Agio Ratings announced it had raised $4.6 million in pre-seed and seed funding to transform how the digital asset industry prices risk. Superscrypt led the seed round and was joined by Portage, MS&AD Ventures, and several angel investors in insurance and asset management. The company—which launched in May 2022—enables institutions to price the risk of 30+ major trading venues.

AGA Benefit Solutions Raises Funding From TA Associates

By Amit Chowdhry ● Mar 5, 2024

AGA Benefit Solutions (AGA) - a leading developer and administrator of customized group insurance and retirement plans across Canada - announced that it has received a significant growth investment from TA Associates. TA has partnered with AGA’s management team, who will remain in place and be substantial shareholders of AGA.

Overjet: Dental AI Company Raises $53 Million At $550 Million Valuation

By Amit Chowdhry ● Mar 5, 2024

Overjet—a leader in dental AI—announced a $53.2 million Series C round, the largest investment ever in artificial intelligence for dentistry. March Capital led this historic round, which also included General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association. This brings Overjet's total funding to about $133 million and increases the company's valuation to $550 million.

Mews: Hospitality Cloud Company Raises $110 Million At $1.2 Billion

By Amit Chowdhry ● Mar 5, 2024

Mews - an industry-leading hospitality cloud - announced it raised a fresh round of funding at $110 million. The funding round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2 billion.