Startups

Shepherd: Commercial Construction Insurance Tech Company Raises $13.5 Million

By Annie Baker ● Feb 7, 2024

Shepherd (an insurance tech platform for commercial construction) announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital. And Shepherd combines insurance with software to help contractors save on premiums.

Polycam: 3D Creation Company Closes $18 Million In Funding

By Annie Baker ● Feb 7, 2024

Polycam (a leading 3D creation tool for iPhone and Android) has announced an $18 million Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful 3D creation and editing tools that enable anyone to make photorealistic 3D assets easily.

Overflow: $20 Million Raised To Develop Solutions For Church And Nonprofit Finance Teams

By Amit Chowdhry ● Feb 7, 2024

Overflow - a company redefining generosity through innovative financial solutions - announced the successful closure of its $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round, and existing investors, including Uncork, R7, and TheGP joined them.

Platform Accounting Group Raises $85 Million In Round Led By Cynosure Group

By Amit Chowdhry ● Feb 7, 2024

Platform Accounting Group announced the close of an $85 million minority funding round led by Cynosure Group. There was also continued participation and support from early investors Swell Capital and Peery Capital.

Mesh: Professional License Verification Company Raises $5.7 Million

By Annie Baker ● Feb 7, 2024

Mesh - a modern provider of real-time professional license verification trusted by leading marketplaces - announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day With 23 Companies

By Amit Chowdhry ● Feb 7, 2024

Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.

GAGE: Employee Recognition Enterprise Platform Company Raises Seed Funding

By Noah Long ● Feb 7, 2024

GAGE announced that it secured seed funding from Eagle Venture Fund and a group of angel investors. GAGE is a platform and mobile app designed to “Build a Better Workforce” with a new approach to employee engagement, recognition, and performance management.

Device Authority: Identity And Access Management Company Secures $7 Million

By Annie Baker ● Feb 7, 2024

Device Authority - a global leader in Identity and Access Management for Enterprise IoT ecosystems - announced $7 million in Series A funding from Ten Eleven Ventures. This investment follows Device Authority’s launch of the company’s new KeyScaler AI solution.

Rain: Financial Wellness Platform Raises $300 Million From Clear Haven Capital Management

By Amit Chowdhry ● Feb 7, 2024

Rain - a financial wellness platform that helps companies give employees greater control over their finances - announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding round, Rain now has more capital to service its growing customer base, allowing it to provide employees with an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

IONIX: Attack Surface Management Company Raises $42 Million

By Amit Chowdhry ● Feb 7, 2024

IONIX - a leader in Attack Surface Management (ASM) - announced it has completed its $42 million A Round funding by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). The total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.

GigaStar: $3 Million Raised To Help YouTube Creators Raise Capital

By Dan Anderson ● Feb 7, 2024

GigaStar - a startup that fuels human creativity - announced the completion of an additional $3 million investment round. GigaStar provides YouTube Creators with a streamlined way to raise capital by monetizing potential future revenue.

finally: AI-Based Accounting And Finance Platform Company Raises $10 Million

By Annie Baker ● Feb 7, 2024

finally - a fintech startup helping businesses automate their accounting and finance functions - announced it raised $10 million in new capital to continue hiring and expand its suite of solutions to SMBs. PeakSpan Capital led the funding round with participation from Active Capital.

ONE Store Raises $10 Million From Digital Turbine

By Annie Baker ● Feb 7, 2024

Korean app market ONE Store - a provider of mobile content including games, apps, and multimedia content - announced that it has secured an investment often million dollars from Digital Turbine, the global leader in growth solutions for the mobile ecosystem, bringing Digital Turbine’s innovative SingleTap technology to over 40+ million ONE Store users inSouth Korea, and joining forces in bringing ONE Store’s app marketplace to key markets overseas.

NinjaOne: Endpoint Management IT Platform Company Raises $231.5 Million At $1.9 Billion Valuation

By Amit Chowdhry ● Feb 7, 2024

NinjaOne (a leading IT platform for endpoint management, security, and visibility) announced it raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, among others, also invested in the round.

Synthetaic: Advance AI Solutions Provider Raises $15 Million

By Amit Chowdhry ● Feb 6, 2024

Synthetaic - a leading provider of advanced AI solutions - announced it raised $15 million in Series B funding from new and existing investors. The funding round was co-led by Lupa Systems and TitletownTech, with participation from IBM Ventures and Booz Allen Hamilton.

Screendragon Raises $27 Million From Kennet Partners And Federated Hermes Private Equity

By Amit Chowdhry ● Feb 6, 2024

Screendragon Ltd. (a technology leader in SaaS-based workflow automation) announced that Kennet Partners and Federated Hermes Private Equity have invested $27 million in the software company to drive the continued expansion of the business.

CrowdStrike And AWS Pick 22 Startups For AWS & CrowdStrike Cybersecurity Accelerator

By Amit Chowdhry ● Feb 6, 2024

CrowdStrike announced the 22 companies selected for the inaugural Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for Europe, Middle East, and Africa (EMEA) based startups. Selected from hundreds of applicants, the cohort will receive customized mentorship, technical expertise, and partnership opportunities from the AWS Startup Loft Accelerator (SLA) program, with a potential to receive funding from CrowdStrike’s strategic investment vehicle, CrowdStrike Falcon Fund.

Spearmint Energy: $47.5 Million Project Finance Term Loan Raised From Manulife

By Amit Chowdhry ● Feb 6, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider. This term loan will support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh battery energy storage system (BESS) project located in West Texas’ ERCOT power market.

Elemind: AI-Enhanced Neurotech Health Company Raises $12 Million

By Amit Chowdhry ● Feb 6, 2024

A group of leading scientists, doctors, and entrepreneurs have unveiled a first-of-its-kind wearable neurotechnology platform that utilizes proprietary algorithms and AI to improve health through noninvasive, proactive brainwave stimulation without the side effects of pharmaceuticals. Elemind - the new AI-enhanced neurotech health company - emerged from stealth closed a $12 million seed round to further develop its first product ahead of its reveal in the coming months.

Candor: Series B Funding Raised In Round Led By Rice Park

By Annie Baker ● Feb 6, 2024

Candor Technology (a leading provider of automated underwriting technology and other technology enabled solutions for the mortgage industry) announced it has closed a Series B equity round to expand its Loan Engineering System’s capabilities.

ArteraAI: $20 Million Raised To Develop AI Tests For Personalizing Cancer Therapy

By Amit Chowdhry ● Feb 6, 2024

ArteraAI - a developer of multimodal artificial intelligence (MMAI) based predictive and prognostic cancer tests - announced that it has secured an additional $20 million in capital fueled by several prominent large investment funds including Prosperity7 Ventures, EDBI, Walden Catalyst Ventures, Wilson Sonsini Goodrich & Rosati, and Trium Ventures, along with investors Navin Chaddha, Rajiv Khemani (AISpace VC), and Andrew & Elliott Tan (A&E Investment LLC).

Rider Dome: AI-Driven Motorcycle Safety Solution Raises $2.3 Million

By Annie Baker ● Feb 6, 2024

Rider Dome - a Singapore-based company specializing in AI-driven safety solutions for motorcycle fleets and riders - announced the successful completion of a $2.3 million seed funding round. Participating in the round were private angel investors Goldbell (a prominent Singaporean venture capital firm) specializing in mobility and Radha Rani Holdings Family Office based in Singapore.

Evrotrust: Digital Transformation Provider Company Raises €3.3 Million

By Noah Long ● Feb 6, 2024

Evrotrust - a Europe-based trusted digital transformation provider - announced it has received a significant investment of €3.3 million from existing clients and private equity fund Silverline Capital. This is just a few months after Evrotrust got recognized as a notified eID scheme by the European Commission. This funding reinforces Evrotrust's position as a major European digital identity market player.

Techreo Raises $3.4 Million Bridge Funding Round

By Dan Anderson ● Feb 6, 2024

Creation Investments Capital Management (a leading global impact investor in emerging markets) announced its participation in a $3.4 million bridge funding round to support the expansion of Techreo, a Mexico City-based digital financial services platform, further. And G2 Momentum, a venture capital firm in Mexico City, was also part of the financing round.

ActionStreamer: IoT Media Streaming Platform Company Closes $2.4 Million In Funding

By Noah Long ● Feb 6, 2024

ActionStreamer - a market-leading media streaming platform for IoT devices - announced the closing of its $2.4 million Series A funding round, led by JumpStart Ventures through the Advanced Manufacturing Fund, managed with support from MAGNET. The Castellini Management Company, owners of the Cincinnati Reds, also co-invested in the round.

Volta Insite Raises $7 Million In Seed Funding To Accelerate InsiteAI Platform

By Noah Long ● Feb 6, 2024

Volta Insite announced the successful completion of its seed round funding, raising $7 million to accelerate the development of InsiteAI. This is the most advanced tool for monitoring vital electrical assets to eliminate costly downtime.

6AM City: Series A Funding Round Led By Tegna Raised

By Annie Baker ● Feb 6, 2024

6AM City - which is one of the fast-growing local daily newsletter company - announced it has closed its series A funding round led by TEGNA.

Ambience Healthcare Raises $70 Million To Develop AI Operating System For Healthcare Organizations

By Amit Chowdhry ● Feb 6, 2024

Ambience Healthcare - which is one of the most comprehensive AI operating systems for healthcare organizations - has announced a $70 million Series B raise co-led by Kleiner Perkins and OpenAI Startup Fund. The raise also includes existing investors Andreessen Horowitz and Optum Ventures.

Avnos Raises $36 Million In Funding Round Led By NextEra Energy

By Amit Chowdhry ● Feb 6, 2024

Avnos - a Los Angeles-based company developing novel Hybrid Direct Air Capture (HDAC) technology for carbon dioxide removal - announced it had closed $36 million in Series A funding. Avnos will use the new funding round to grow its world-class team, deploy additional HDAC assets across North America and Europe, and open a new, state-of-the-art research and development facility located just outside New York City.

Bettormetrics: Sports Betting Analytics Company Closes Series A In Funding

By Annie Baker ● Feb 6, 2024

Sports betting analytics specialist Bettormetrics announced that it raised Series A funding from Bettor Capital and Velo Partners to build their advanced sports book analytical platform and services. Bettormetrics launched last year and already has several tier 1 bookmakers in the US and Europe using their cloud-based analytics technology.