Startups

Chkk: Kubernetes Availability Platform Company Secures $5.2 Million

By Amit Chowdhry ● Nov 6, 2023

Chkk recently emerged from stealth with its Kubernetes Availability Platform - which identifies and prioritizes availability risks before they cause incidents and creates pre-verified upgrade plans to remediate risks and speed up upgrades. And the company also recently announced that it raised $5.2 million in seed funding led by Sequoia Capital. Chkk plans to use the funding to advance its platform and modules and expand its team.

Chainguard: Supply Chain Security Company Closes $61 Million

By Amit Chowdhry ● Nov 6, 2023

Chainguard - a leader in software supply chain security - recently announced it has completed a $61 million Series B round of funding led by Spark Capital and existing investors Sequoia Capital, Amplify Partners, The Chainsmoker's Mantis VC, and Banana Capital.

Bioluminescence Ventures: Next-Generation Medicine Firm Emerges With $477 Million Fund

By Amit Chowdhry ● Nov 6, 2023

Bioluminescence Ventures - a biotech venture firm investing in next-generation medicines - recently announced its emergence from stealth with $477 million in assets under management across two funds: Bioluminescence Ventures Fund I, L.P., and Bioluminescence Ventures Fund II, L.P.

Ambient.ai Receives $20 Million Investment From Allegion Ventures

By Amit Chowdhry ● Nov 6, 2023

Allegion Ventures (the corporate venture fund of Allegion plc) has recently made a $20 million investment in Ambient.ai, the artificial intelligence (AI) powered computer vision intelligence (CVI) company that’s transforming enterprise security operations to prevent security incidents before they happen.

Govly: Public Sector Procurement Market Network Company Closes $9.5 Million

By Annie Baker ● Nov 6, 2023

Govly - a market network for public sector procurement - recently announced today $9.5 million in Series A funding, which brought its total capital raised since 2019 to $13.1 million. And global software investor Insight Partners led the funding round with participation from Y Combinator, FundersClub, and NordicEye. Govly plans to use the funding round to build new products that further its goal of making selling to governments simple and transparent.

Alianza: Cloud Communications Company Raises $61 Million

By Amit Chowdhry ● Nov 6, 2023

Alianza - a leading cloud communications platform for service providers - recently announced it raised $61 million in new growth equity and debt financing. The latest funding round highlights a 70% increase in valuation for the company since March 2021.

Treads: $4.6 Million Secured To Advance Car Maintenance Accessibility

By Annie Baker ● Nov 6, 2023

Treads - an AI-powered car maintenance subscription - recently announced it has raised a $4.6 million seed funding round led by Mucker Capital with participating investors, including Kickstart Seed Fund, Peak Ventures, Royal Street Ventures, and Convoi Ventures. The funding round will support Treads' expansion into 16 additional cities in the U.S., making Treads available in 34 cities by the end of the year.

Cedar: $3 Million Secured To Advance Building Design Platform

By Noah Long ● Nov 6, 2023

The housing market in the U.S. is short about 6.5 million homes after more than a decade of under-building relative to population and demand growth. To address the issue, Cedar has raised a $3 million seed funding round to take this problem head-on with software that helps real-estate developers and professionals maximize the housing potential of urban infill properties.

CModel Receives Investment From Alabama Futures Fund

By Amit Chowdhry ● Nov 5, 2023

Alabama Futures Fund (AFF) recently invested in CModel Data. Formerly based in San Francisco, California, CModel has been developing a data modeling and business intelligence tool that utilizes artificial intelligence (AI) to apply native, curated, and client-generated data to perform business strategy simulations. CModel’s platform enables business managers to determine the actions required to achieve specific business outcomes. In connection with the funding from AFF, CModel and its CEO, Teasha Cable, will relocate the company’s headquarters to Birmingham, Alabama.

Xage Security: Real-World Zero Trust Cybersecurity Company Secures $20 Million

By Amit Chowdhry ● Nov 4, 2023

Xage Security - a real-world zero-trust cybersecurity company - recently announced it has raised $20 million in an additional funding round, bringing total funding to $80 million. Existing investors, including Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures, and new investor Science Applications International Corporation, participated in the round.

Agentio: $4.25 Million Funding Raised To Advance Ad Platform For Sponsored Creator Content

By Annie Baker ● Nov 4, 2023

Agentio - a first-of-its-kind AI-powered ad platform for sponsored creator content - recently launched with $4.25 million in seed investment funding. The funding round was co-led by Craft Ventures & AlleyCorp, with participation from additional institutional investors, including Antler, Protagonist, and Permanent Capital.

Aembit: Workload Identity And Access Management Receives Funding From CrowdStrike

By Noah Long ● Nov 4, 2023

Aembit - a Workload Identity and Access Management (IAM) company - recently announced an investment by CrowdStrike via its strategic investment vehicle, the CrowdStrike Falcon Fund. CrowdStrike's investment closes Aembit's previously announced seed funding round from Ballistic Ventures, Ten Eleven Ventures, and Okta Ventures.

AdaptX: Self-Serve Clinical Management Solution Company Closes $10 Million

By Annie Baker ● Nov 3, 2023

AdaptX - a self-serve clinical management solution company - recently announced the completion of $10 million in funding led by Cercano Management and including Memorial Hermann Health System and Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital.

Genezen: Cell And Gene Therapy Contract Development And Manufacturing Organization Closes $18.5 Million

By Annie Baker ● Nov 3, 2023

Genezen - a leading cell and gene therapy Contract Development and Manufacturing Organization (CDMO) - recently announced the closing of an $18.5 million follow-on growth equity investment led by Ampersand Capital Partners. The funding will accelerate Genezen's growth trajectory in retroviral, lentiviral, and adeno-associated viral (AAV) vector manufacturing and support the execution of a robust pipeline of customer projects for innovators developing groundbreaking cell and gene therapies.

Access Vascular: $22 MIllion Raised To Address Vascular Access Complications

By Annie Baker ● Nov 3, 2023

Access Vascular - a company addressing the most common and costly vascular access complications with its advanced biomaterial platform - recently announced that it raised a Series C round worth $22 million from a consortium of new and existing investors.

Excolere Equity Partners Launches With Strategic Investment From GCM Grosvenor

By Amit Chowdhry ● Nov 3, 2023

Excolere Equity Partners - a leading buyout investor in the education and human capital management sectors - recently announced a strategic partnership with GCM Grosvenor’s Elevate strategy.

Revv: $2.1 Million Raised For Diagnosing Advanced Driver Assistance Systems (ADAS)

By Amit Chowdhry ● Nov 3, 2023

Revv - a software-as-a-service startup - recently emerged from stealth mode with the national launch of its automotive repair diagnostics platform underpinned by a large language model (LLM). The company launched with $2.1 million in a seed funding round led by 1984 Ventures with additional funding from Soma Capital, Adapt Ventures, CapitalX, Unpopular Ventures, Pareto Holdings, Misfits Market CEO Abhi Ramesh, and LiveControl co-founder Noah Johnson.

Cribl: Over $100 Million In ARR Achieved

By Amit Chowdhry ● Nov 3, 2023

Cribl - a data engine for IT and Security - recently announced that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years.

Roadra: Digital Car Auction Marketplace Company Secures $5 Million

By Amit Chowdhry ● Nov 3, 2023

Roadra - a digital car auction platform that allows consumers to sell cars directly to dealers - recently announced $5 million in funding to scale its platform further.

Triveni Bio: $92 Million Raised To Develop Functional Antibodies For The Treatment Of I&I Disorders

By Amit Chowdhry ● Nov 2, 2023

Triveni Bio - a biotech company pioneering a genetics-informed precision medicine approach to develop functional antibodies for the treatment of I&I disorders - recently announced a $92 million series A financing co-led by Atlas Venture and Cormorant Asset Management, with participation from OrbiMed, the private equity business of Viking Global Investors, Invus, Polaris Partners, Alexandria Venture Investments, and other investors.

Seurat Technologies: 3D Metal Printing Leader Raises $99 Million

By Annie Baker ● Nov 2, 2023

Seurat Technologies - a 3D metal printing leader making manufacturing better for people and the planet - recently announced a $99 million Series C round led by NVentures (NVIDIA's venture capital arm) and Capricorn's Technology Impact Fund focused on climate solutions.

Triplebar: $20 Million In Funding Raised To Improve Nutrition And Disease Treatment Outcomes

By Dan Anderson ● Nov 2, 2023

Triplebar has recently announced $20 million in new funding to expand its product portfolio in food and biopharmaceuticals. Synthesis Capital led the funding round, with participation from Essential Capital, Stray Dog Capital, iSelect Fund, and existing major investor The Production Board.

Planatome: Medical Device Company Closes $6 Million Investment

By Noah Long ● Nov 2, 2023

Planatome - a medical device company that applies atomic-level polishing from the semiconductor industry to create advanced surgical blades that lead to better patient outcomes - recently announced the closing of its $5 million Series A equity investment round. The company also announced that it secured an additional $1 million convertible venture debt commitment.

Traba: $22 Million Raised For Light Industrial Staffing Marketplace Platform

By Annie Baker ● Nov 2, 2023

Traba - a leading marketplace platform for light industrial staffing - recently announced a $22 million funding round led by Founders Fund, with a sizable increase in valuation from last year. The funding round - which includes participation from returning investor Khosla Ventures - comes at a time of robust growth and customer adoption for the company.

Sofinnova Partners: $200 Million Digital Medicine Fund Closed

By Amit Chowdhry ● Nov 2, 2023

Sofinnova Partners - a leading European life sciences venture capital firm based in Paris, London, and Milan - recently announced the successful closing of Sofinnova Digital Medicine I at $200 million (€190M), significantly exceeding its target. The fund - which Partners Edward Kliphuis and Simon Turner spearheaded - is focused on backing pioneering entrepreneurs navigating the convergence of biology, data, and computation. It has already invested in five revolutionary companies since its inception.

Faction Receives Funding In Round Led By TDK Ventures

By Dan Anderson ● Nov 2, 2023

TDK announced that subsidiary TDK Ventures is leading the latest financing round in driverless-technology developer Faction. Joining them as co-investors are Ducera Partners, Trucks Venture Capital, and Fifty Years.

Oxide: Commercial Cloud Computer Company Secures $44 Million

By Dan Anderson ● Nov 1, 2023

Oxide Computer Company recently unveiled the world’s first commercial Cloud Computer, a true rack-scale system with fully unified hardware and software designed for on-premises cloud computing. And the company also announced a $44 million Series A financing round led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures to accelerate production for Fortune 1000 enterprises. This brings the company’s total funding to $78 million.

Arteria AI: $30 Million Raised To Build Modern Documentation Infrastructure For Institutional Finance

By Amit Chowdhry ● Nov 1, 2023

Arteria AI - a market-leading applied AI company building modern documentation infrastructure for institutional finance - recently announced its oversubscribed $30 million Series B financing round led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi. The round brings the company’s total funding to $50 million.

OfficeRnD: Strategic Growth Investment From Blue Star Innovation Partners Received

By Annie Baker ● Nov 1, 2023

OfficeRnD - a leading provider of coworking and hybrid work software - recently announced a strategic investment from Blue Star Innovation Partners (BSIP). This partnership with BSIP will enable OfficeRnD to expand its position as a market-leading software solution for coworking workspaces and businesses operating in hybrid work environments.

Inlyte Energy: $8 Million Secured To DevelopGrid Batteries Made With Iron And Salt

By Noah Long ● Nov 1, 2023

Inlyte Energy has announced its $8 million seed funding to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. And Inlyte's solution utilizes the proven design of the previously commercialized sodium metal halide battery to create an energy storage system with high efficiency, long lifetime, competitive energy density, excellent safety, and at an ultra-low cost.