Startups

OROS Labs: Thermal Solutions Company Closes $22 Million

By Amit Chowdhry ● Apr 7, 2024

OROS Labs, a thermal solutions company known for creating Solarcore, announced the closing of its Series B funding round, raising $22 million to support its expansion in consumer, commercial, and government industries. This funding round was led by Airbus Ventures and participated in by REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, and others.

EarliTec Diagnostics: $21.5 Million Secured To Develop Therapeutic Solutions For Children With Autism

By Amit Chowdhry ● Apr 6, 2024

EarliTec Diagnostics, a medical device company focused on diagnostic and therapeutic solutions for children with autism and related early childhood vulnerabilities, announced a $21.5 million Series B financing round led by Nexus NeuroTech Ventures and Venture Investors Health Fund. This funding will expand commercialization efforts and advance clinical research for the first-in-kind EarliPoint Evaluation, which aids clinicians in diagnosing and assessing autism in children aged 16 to 30 months.

Juniper Biomedical: $3 Million Raised To Develop Solutions For Treating Pelvic Health Disorders

By Amit Chowdhry ● Apr 6, 2024

Juniper Biomedical - a medical device company that is focused on developing solutions that treat pelvic health disorders like incontinence using their unique neuromodulation micro-implant - announced that it has completed an oversubscribed $2 million seed funding round and also has been awarded $1 million through the NIH Common Fund as a winner of the NIH SPARC Neuromod Prize, a competition designed to accelerate the development of targeted neuromodulation therapies.

Seso: Agriculture Workforce Management Platform Company Raises $26 Million

By Amit Chowdhry ● Apr 6, 2024

Seso - a workforce management platform for agriculture - announced the closing of a $26M Series B led by BOND with participation from Index Ventures, NFX, SV Angel, and other prominent investors. And several Seso customers also participated in the round.

Archetype AI: Physical AI Company Raises $13 Million In Seed Funding

By Amit Chowdhry ● Apr 5, 2024

Physical AI company Archetype AI announced its emergence from stealth and has introduced Newton, a first-of-its-kind foundation model that understands the physical world. The company also raised a $13 million seed funding round led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures, and several angel investors. Ganesh Srinivasan, Partner at Venrock, will join the board in connection with the funding.

Brim Financial: Fintech Infrastructure Company Raises $85 Million

By Amit Chowdhry ● Apr 5, 2024

Brim Financial - a leading fintech infrastructure company transforming the credit card platform and payment automation space - announced the closing of an $85 million Series C funding round on the back of strong revenue growth, rapidly growing market share, and expansion into the business and commercial segments.

Allure Security: Brand Protection-As-A-Service Company Raises $10 Million

By Amit Chowdhry ● Apr 5, 2024

Allure Security - a leader in online brand protection-as-a-service - announced the completion of a $10 million Series A funding round. Fintech strategic investment capital firm Curql led the round and they were joined by new investor Datatec Founder and CEO Jens Montanana and existing investors Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital.

Biofidelity: Genomic Technology Company Secures $24 Million In Funding

By Amit Chowdhry ● Apr 5, 2024

Home From College: Next-Generation Career Platform Company Raises $5.4 Million

By Amit Chowdhry ● Apr 5, 2024

Home From College (HFC), a next-generation career platform, announced a $5.4 million seed round led by GV (Google Ventures). The company has raised $6.9 million in the past three years and has seen 300% annual revenue growth.

TrojAI: Enterprise AI Security Solutions Company Closes $5.75 Million

By Amit Chowdhry ● Apr 5, 2024

TrojAI, a leading provider of enterprise AI security solutions, announced a $5.75 million funding round of additional seed capital and the appointment of Lee Weiner as the company's CEO. This funding round was led by Flying Fish, with participation from current investors Build Ventures and Techstars and new investors Alteryx Ventures and Flybridge Capital Partners.

BurnBot: Mechanized Vegetation Management Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

BurnBot announced it has raised $20 million in funding to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. ReGen Ventures led the funding round, including Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital, and Pathbreaker Ventures.

Modal: Skills Development Platform Company Raises $25 Million

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360: Space-Based RF Data Company Secures $40 Million In Debt Financing

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360, a leading provider of space-based RF data and analytics, announced it secured $40 million in debt financing from Silicon Valley Bank (SVB) to further its goal of delivering advanced geospatial capabilities.

Praia Health: Digital Health Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

Digital health company Praia Health announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures, with participation from SignalFire, Epsilon Health Investors, and Providence Ventures. This funding round will support the platform's ability to revolutionize the delivery of individualized health solutions at scale and enable digitally driven health system transformation.

Aidium: Mortgage Technology Solutions Company Raises $19 Million

By Amit Chowdhry ● Apr 5, 2024

Aidium Mortgage CRM, a leading provider of innovative mortgage technology solutions, announced the successful closure of its $19 million Series A funding round, led by PeakSpan Capital.

actnano: Surface Protection Technology Company Raises $40 Million

By Amit Chowdhry ● Apr 5, 2024

actnano, a leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital.

Neurosterix: $63 Million Raised For Developing Allosteric Modulator Therapeutics For Underserved Neurological Disorders

By Amit Chowdhry ● Apr 5, 2024

Neurosterix, a biopharmaceutical company dedicated to developing allosteric modulator therapeutics for underserved neurological disorders, announced it has launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures.

Read AI: $21 Million Raised To Make Meetings More Efficient

By Amit Chowdhry ● Apr 5, 2024

Read AI - a leader in gen AI meeting summaries - announced a $21 million Series A funding round led by Goodwater Capital with existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.

Alsym Energy: $78 Million Raised To Develop Next-Gen Non-Flammable Rechargeable Batteries

By Amit Chowdhry ● Apr 5, 2024

Alsym Energy, a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine, and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst. Thrive Capital and Thomvest joined the round along with existing investor Drads Capital. Alsym will use the funding to expand its team and prototyping and pilot lines, which will help address the increasing demand for customer samples.

Hello Alice: Fintech Platform Closes Series C Funding Round

By Amit Chowdhry ● Apr 4, 2024

Hello Alice - a fintech platform connecting 1.5 million small businesses to capital, connections, and opportunities - announced the closing of a Series C funding round with QED Investors, Mastercard, and others. This funding round brought the company’s valuation to $130 million. Additional investors in this round of funding included Backstage Capital, Guy Fieri, Golden Seeds, Harbert Growth Partners Fund, How Women Invest I, LP, Lovell Limited Partnership, Tyler "Ninja" and Jessica Blevins, and Tamera Mowry and Adam Housley.

Pigment: Business Planning Platform Raises $145 Million

By Amit Chowdhry ● Apr 4, 2024

Pigment, a business planning platform, announced a $145 million Series D funding round led by ICONIQ Growth. Sandberg Bernthal Venture Partners and several other existing investors, including IVP, Meritech, Greenoaks, and Felix Capital, also participated in the round.

Eirene: Online Funeral Services Provider Secures $4 Million

By Amit Chowdhry ● Apr 4, 2024

Eirene, Canada's first and only online funeral services provider, announced it had launched operations in the U.S. after raising $4.1 million in seed funding. Relay Ventures led the funding round, with participation from Export Development Canada and Saint Elizabeth Healthcare. This funding round will drive Eirene's expansion into the US, build its brand, and grow the team.

Diagonal Therapeutics: $128 Million Raised To Discover/Develop Agonist Antibodies

By Amit Chowdhry ● Apr 4, 2024

Diagonal Therapeutics - a company pioneering a new approach to discover and develop agonist antibodies - has launched with $128 million in financing. BVF Partners and Atlas Venture co-led the Series A funding round, with participation from Lightspeed Venture Partners, RA Capital Management, Frazier Life Sciences, Viking Global Investors, Velosity Capital, and Checkpoint Capital. The company was co-founded by CEO Alex Lugovskoy, Ph.D., and Atlas and was previously seeded by Atlas, Lightspeed Venture Partners, and Velosity Capital.

Manifold: AI-Powered Clinical Research Platform Company Closes $15 Million

By Amit Chowdhry ● Apr 4, 2024

Manifold, an AI-powered clinical research platform, announced a $15 million Series A. TQ Ventures led this funding round. It also included new investors Calibrate Ventures and SK Ventures, notable founders and CEOs, including healthcare leader Dr. Sachin H. Jain, and existing investors, including TTCER Partners. Additional investors and advisors include Dr. Gaurav Singal (former Chief Data Officer, Foundation Medicine), Eric Just (former SVP and General Manager, Health Catalyst), Amar Kendale (former Chief Product Officer), Livongo/Teladoc, Andrew Bialecki (CEO & Co-Founder, Klaviyo), Brad Porter (CEO & Founder, Collaborative Robotics and former VP Robotics, Amazon), Steve Fredette (President & Co-Founder, Toast), Jon Karlen (Chairman & Founder, Acadian Software), and Pravin Soni (former CTO & Co-Founder, Elevation Pharma).

Coalesce.io: Data Transformation Company Raises $50 Million

By Amit Chowdhry ● Apr 4, 2024

Data transformation company Coalesce.io has closed $50 million in Series B funding to drive growth. Industry Ventures and Emergence Capital led the funding round with participation from 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Ventures. Including this round, the company brought the company’s total funding to $81 million.

Netgain: Accounting Software Solutions Company Closes $35 Million

By Amit Chowdhry ● Apr 4, 2024

Netgain, a leading software provider for finance and accounting teams, announced a $35 million minority investment led by Summit Partners. The funding round will drive product development and team expansion while supporting Netgain’s commitment to helping accountants free up time by automating routine tasks.

Velox: Digital Decoration Solutions Company Raises $38 Million

By Amit Chowdhry ● Apr 4, 2024

Velox, a developer, manufacturer, and seller of industrial direct-to-shape digital decoration solutions for rigid packaging containers, announced it has secured a $38 million funding round. Fortissimo Capital led the funding round. And existing investors JAL Ventures, O.R.T. Technologies, Ilan Holdings, Evonik, Waypoint Investors, and Migdal Insurance & Finance joined the funding round.

InStride Health: Specialty Pediatric Anxiety And OCD Treatment Company Raises $30 Million

By Amit Chowdhry ● Apr 3, 2024

InStride Health, an outpatient provider of specialty pediatric anxiety and OCD treatment, announced it closed an oversubscribed $30 million Series B funding round. General Catalyst led the funding round and was joined by previous investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation.

Orchard Robotics: $3.8 Million Raised To Enable Precision Crop Management With AI And Robots

By Amit Chowdhry ● Apr 3, 2024

Orchard Robotics, a company enabling precision crop management with robots and AI, has raised $3.8 million in a seed round led by General Catalyst and a pre-seed led by Contrary. Humba Ventures, Soma Capital, Correlation Ventures, VU Venture Partners, Ben Taft’s Genius Ventures, angel investors Howard Lerman, Joshua Browder, Rory, Kieran O’Reilly, and many others also joined the round.

Cyvl: AI-Powered Mapping Technology Company Raises $6 Million

By Amit Chowdhry ● Apr 3, 2024

Cyvl.ai, a leader in enterprise AI solutions for transportation infrastructure, announced $6 million of new investments after two years of rapid growth. Companyon Ventures led the funding round, including Argon Ventures, AeroX Ventures, and Alumni Ventures. Cyvl.ai also received support from its existing investors, MassVentures, Launch Capital, RiverPark Ventures,Launchpad Venture Group, and Hub Angels.