Startups

Harmonic: $100 Million Series B Secured For Advancing Mathematical Superintelligence Platform

By Amit Chowdhry ● Jul 15, 2025

Harmonic, an AI lab developing Mathematical Superintelligence (MSI), has announced a $100 million Series B funding round, valuing the company at nearly $900 million post-money. Kleiner Perkins led the round with significant participation from Paradigm. Additional investors include Ribbit Capital and existing backers such as Sequoia Capital, Index Ventures, and Charlie Cheever.

iCapital: Fintech Company Raises Over $820 Million At $7.5 Billion Valuation

By Amit Chowdhry ● Jul 15, 2025

iCapital, a global fintech company, has completed its latest financing round, raising over $820 million. Co-led by accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, along with SurgoCap Partners, this round brings iCapital's valuation to over $7.5 billion.

Vellum: $20 Million Series A Raised For Enterprise Development Platform

By Amit Chowdhry ● Jul 15, 2025

Vellum, a leading enterprise platform for building, testing, and deploying mission-critical AI products, has announced a $20 million Series A funding round. The round was led by Leaders Fund, with participation from Socii Capital and returning investors Y Combinator, Rebel Fund, Pioneer Fund, and Eastlink Capital.

Aqtual: Over $30 Million Raised For Precision Medicine

By Amit Chowdhry ● Jul 15, 2025

Aqtual, a precision medicine company developing products for chronic diseases and oncology, has raised $31 million in Series B funding. The oversubscribed round saw new investors, including Bold Capital and Bold Longevity Growth Fund, join existing investors Genoa Ventures, Manta Ray Ventures, and Yu Galaxy. A strategic diagnostics investor also contributed, boosting Aqtual's ability to advance its novel active chromatin cell-free DNA (cfDNA) platform towards commercializing its first flagship product: a therapy response prediction test for rheumatoid arthritis (RA).

Tomoverse Imaging: $5 Million Seed Funding Raised For Advanced CT Imaging Platform

By Amit Chowdhry ● Jul 15, 2025

Tomoverse Imaging, a medical software company specializing in advanced CT imaging for structural heart interventions, has successfully closed a $5 million Seed funding round, led by a Canadian Family Office.

Airalo: $220 Million Raised At Over $1 Billion Valuation For eSIM Technology

By Amit Chowdhry ● Jul 15, 2025

Airalo, the world's largest eSIM provider, has secured a $220 million investment led by new investor CVC, valuing the company at over $1 billion. This funding marks Airalo as the industry's first "unicorn" and will accelerate its rapid expansion, already serving over 20 million travelers across 200+ destinations.

Chariot: $3.6 Million Raised To Scale Corporate Justice

By Amit Chowdhry ● Jul 15, 2025

Chariot Claims, a newly rebranded legal-tech startup, has announced a $3.6 million seed funding round led by Indicator Ventures. This investment will support the launch and growth of Chariot's advanced web platform, which aims to make corporate justice scalable.

Novenda: $6.1 Million Raised To Transform Dental 3D Printing

By Amit Chowdhry ● Jul 15, 2025

Novenda Technologies, a startup leveraging AI agents for pharmacy automation, has announced $6.1 million in funding. This investment, led by Glasswing Ventures and Core Innovation Capital, aims to transform dental product manufacturing using their multi-material 3D printing technology. This solution aims to make high-quality, aesthetic, accessible, and affordable dental care a reality for the nearly 3.5 billion people worldwide who struggle with oral diseases.

Wefox: €151 Million Raised For Insurtech Platform

By Amit Chowdhry ● Jul 15, 2025

Wefox has successfully secured €151 million in funding, comprising a €76 million capital raise from existing investors and a €75 million refinancing of an existing credit facility from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II. This funding follows a successful business restructuring, including the sale of wefox Insurance AG (Liechtenstein) and its Italian entities, positioning wefox for full-year profitability in 2025.

Insomnia Labs Raises $12 Million And Launches CreatorFi

By Amit Chowdhry ● Jul 15, 2025

Insomnia Labs, a leader in blockchain infrastructure and financial technology, has launched CreatorFi, an Avalanche-based platform offering stablecoin-based credit for digital creators. Debuting with a $12 million credit facility from Kamui Finance and other investors, CreatorFi aims to transform creator funding by providing fast, flexible advances against future earnings, integrated directly into existing creator platforms.

Foundation EGI: $23 Million Series A Raised For Advancing Manufacturing AI

By Amit Chowdhry ● Jul 15, 2025

Foundation EGI, the developer of the world's first Engineering General Intelligence (EGI) platform, has announced an oversubscribed $23 million Series A funding round, bringing its total funding to over $30 million. This investment will accelerate the company's mission to transform manufacturing bottlenecks into breakthroughs using domain-specific AI. The round was led by Translink Capital, with participation from RRE Ventures, McRock Capital, Escape Investment Management (Jim Scapa), Fifth Growth Fund, and returning backers including E14 Fund, UNION, GRIDS Capital, and Henry Ford III.

Ionic: $29 Million Series B Raised For Advanced Materials Platform

By Amit Chowdhry ● Jul 15, 2025

Ionic Mineral Technologies (Ionic MT), a U.S. producer of advanced materials for the energy, defense, and technology sectors, has closed an oversubscribed $29 million Series B financing round. The funding, which exceeded its $25 million target, signals strong investor confidence in Ionic MT's goal to establish a secure, domestic supply chain for critical battery components.

CoRegen: Over $93 Million Raised For Developing New Cancer Treatments

By Amit Chowdhry ● Jul 15, 2025

CoRegen - a biopharmaceutical company developing new treatments for aggressive cancers - announced it has successfully closed a $93.39 million financing round. This funding round will advance the company's chemistry, manufacturing, and controls (CMC) development and enable the initiation of a Phase 1/2 clinical trial in the first half of 2026.

Layer: $6.6 Million Seed Funding Raised For Embedded Accounting Platform

By Amit Chowdhry ● Jul 15, 2025

Layer, a leading embedded accounting platform for small and medium-sized business (SMB) software, today announced it has raised $6.6 million in seed funding. The round was led by Emergence Capital, with participation from Better Tomorrow Ventures (BTV).

Carnegie Mellon University Highlights Energy Startups

By Amit Chowdhry ● Jul 15, 2025

Carnegie Mellon University (CMU) is known as a hub for energy innovation, with startups emerging from its research to address critical issues in the power grid, climate technology, and energy efficiency.

Mitchell Capital: Controlling Interest In Digital Twin Company Optelos Acquired

By Amit Chowdhry ● Jul 15, 2025

Private equity firm Mitchell Capital has acquired a controlling interest in Optelos, a company specializing in digital twin platforms and intelligent asset assurance solutions for critical infrastructure.

TitanFile: Growth Investment Raised From SEVA

By Amit Chowdhry ● Jul 15, 2025

TitanFile, a top secure file-sharing and client collaboration platform, announced it has received a significant minority growth investment from SEVA Growth.

BondCliQ: Investment Raised From FactSet

By Amit Chowdhry ● Jul 15, 2025

BondCliQ - a provider of consolidated corporate bond quotes - announced it has secured a lead investment from FactSet Research Systems.

LGND AI: $9 Million Secured For Improving Earth Data

By Amit Chowdhry ● Jul 15, 2025

LGND AI, a company innovating how people and AI interact with Earth data, announced it has raised $9 million in financing. The round was led by Javelin Venture Partners, with participation from several other firms and notable angel investors, including John Hanke (founder of Keyhole/Google Maps). Noah Doyle of Javelin will join LGND's board.

Actithera: $75.5 Million Series A Secured For Advancing Radioligand Therapies

By Amit Chowdhry ● Jul 15, 2025

Actithera, a radiopharmaceutical biotech company, has closed an oversubscribed $75.5 million Series A financing round. The company's platform combines rational drug design with radiochemistry to create novel small-molecule radioligands, utilizing first-in-class covalent targeting strategies designed to enhance precision, safety, and efficacy by optimizing tumor residence time while ensuring rapid systemic clearance. And this approach has yielded a FAP-directed RLT development candidate with best-in-class potential.

APFusion: $6.5 Million Seed Funding Secured For Auto Salvage Platform

By Amit Chowdhry ● Jul 15, 2025

APFusion, a B2B marketplace and SaaS company for the auto salvage industry, announced it has raised $6.5 million in Series Seed financing, bringing its total funding to $7 million. The round was co-led by Left Lane Capital and Bedrock Capital, with continued support from M25.

XerpaAI: $6 Million Seed Funding Secured For Scaling AI Growth

By Amit Chowdhry ● Jul 15, 2025

XerpaAI, an AI growth platform designed for advancing transformative businesses, announced it has secured $6 million in seed funding, led by UFLY Capital.

Polimorphic: $18.6 Million Series A Raised For Modernizing Government Services

By Amit Chowdhry ● Jul 15, 2025

Polimorphic, an AI company focused on modernizing local government services for residents, has announced an $18.6 million Series A funding round led by General Catalyst, with continued support from M13 and Shine. This investment will help Polimorphic to enhance its AI solutions for governments, improving efficiency while making services more accessible for constituents.

Nominal: $20 Million Series A Closed For AI-Based ERP Platform

By Amit Chowdhry ● Jul 15, 2025

Nominal, an AI-based enterprise resource planning (ERP) startup, announced it has raised $20 million in Series A funding, led by Next47, with participation from Workday Ventures, Bling Capital, and Hyperwise Ventures. This brings their total funding to $30 million, aimed at automating complex finance tasks for mid-market and enterprise companies using AI agents.

Centuri: Over $550 Million Awarded For Utility Infrastructure Contracts

By Amit Chowdhry ● Jul 15, 2025

Centuri, a major North American utility infrastructure services company, announced it has been awarded over $550 million in new customer contracts. These awards highlight Centuri's strength within its existing customer base and its role in developing next-generation energy solutions.

Phil: $60 Million Growth Debt Raised For Advancing AI-Based Pharma Commercialization

By Amit Chowdhry ● Jul 15, 2025

Phil, a leading software-driven pharmaceutical commercialization platform, announced it has secured $60 million in growth debt financing from K2 HealthVentures.

Neuros Medical: $56 Million Series D Closed For Non-Opioid Pain Treatment

By Amit Chowdhry ● Jul 15, 2025

Neuros Medical, the maker of the FDA-approved Altius Direct Electrical Nerve Stimulation System for chronic post-amputation pain, announced an oversubscribed $56 million Series D financing round. The funding, led by EQT Life Sciences with participation from existing investors, will support the U.S. commercialization and further development of its breakthrough non-opioid treatment.

Duranta: $7 Million Raised For Helping Landscapers Grow Their Businesses

By Amit Chowdhry ● Jul 14, 2025

Duranta, a company designed for landscapers and lawn care professionals, announced a $7 million seed funding round. The funding was led by several Silicon Valley firms, including Base10 Partners, Pear, Coalition Operators, and Sunshine Lake, with additional participation from angel investors such as GitHub CEO Thomas Dohmke and PagerDuty co-founder Andrew Miklas.

Illimis Therapeutics: $42 Million Series B Raised For Advancing CNS And Immune Disease Drug Development

By Amit Chowdhry ● Jul 14, 2025

Illimis Therapeutics announced it closed 58 billion KRW (approximately $42 million) in Series B funding. The round saw strong participation from both existing and new investors, signaling high confidence in the company's vision and technology.

Dreampath Diagnostics: Investment Raised From Summit Partners

By Amit Chowdhry ● Jul 14, 2025

Summit Partners has made a growth investment in Dreampath Diagnostics, a healthcare technology company that digitizes workflows in anatomical pathology laboratories.