Startups

DDN: AI And Data Intelligence Solutions Company Raises $300 Million At $5 Billion Valuation

By Amit Chowdhry ● Jan 9, 2025

DDN, a leader in AI and data intelligence solutions, announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities at a $5 billion valuation. This investment will help fund DDN’s continued rapid growth as it serves its customers’ fast-expanding AI and high-performance computing (HPC) software and infrastructure needs.

OnPay: Benefits Solution Company Raises Over $100 Million

By Amit Chowdhry ● Jan 9, 2025

OnPay, a leading provider of payroll, HR, and benefits solutions, announced that it has secured over $100 million in funding. This funding consists of a $63 million Series B funding round led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, and existing investors, and a debt facility provided by MC Credit Partners.

Stellar: AI-Based Business Solutions Company Raises $2.7 Million (Seed)

By Amit Chowdhry ● Jan 9, 2025

Stellar, a leader in AI-based business solutions, announced that it has raised $2.7 million in a seed funding round. This funding round was led by Ground Game, with additional participation from Elevate Ventures, a leading seed and early-stage investor in the Great Lakes Region. Ground Game and Elevate Ventures joined as new investors in the oversubscribed seed round.

Alta Resource: $5.1 Million (Seed) Funding Raised To Transform Mineral Separation

By Amit Chowdhry ● Jan 9, 2025

Alta Resource Technologies, a pioneer in utilizing advanced biochemistry to transform mineral separation, announced it has raised $5.1 million in an oversubscribed seed round co-led by DCVC and Voyager Ventures, with participation from Orion Industrial Ventures, Overture, and WovenEarth Ventures.

Pison: AI-Based Neural Sensor Company Raises Funding From Samsung Ventures

By Amit Chowdhry ● Jan 9, 2025

Pison, an AI-based neural sensors for cognitive health, wellness, and gesture control, announced an equity investment from Samsung Ventures. This funding highlights the dedication of Samsung Ventures to advancing future healthcare technology and acknowledges Pison’s potential in neurocognitive assessment and tracking capabilities.

Francis Medical: $80 Million (Series C) Raised To Develop Water Vapor Ablation Therapy For Treating Cancer

By Amit Chowdhry ● Jan 9, 2025

Francis Medical - a privately-held medical device company developing an innovative and proprietary water vapor ablation therapy for the treatment of prostate, kidney, and bladder cancer- announced the completion of the company's oversubscribed $80 million Series C equity funding, the most significant fundraising round to date for the company. Arboretum Ventures and Solas BioVentures co-led the Series C round. And new investors Orlando Health Ventures and two additional strategic partners joined this round, along with previous investors Coloplast A/S and Tonkawa.

Pepticom: Peptide-Based Therapeutics Company Raises $6.6 Million (Series A1)

By Amit Chowdhry ● Jan 9, 2025

Pepticom, a pioneer in AI-based peptide-based therapeutics, announced the completion of its Series A1 funding round, securing $6.6 million. Japan Israel High Tech Ventures 2 LP led the round, with strong participation from existing investors.

Northern Light: $23 Million Raised From LoneTree Capital

By Amit Chowdhry ● Jan 9, 2025

Northern Light Group, a leading enterprise knowledge management platform for competitive intelligence and market research, announced a $23 million growth investment by LoneTree. The funding will accelerate Northern Light's ability to scale, providing capital and resources to drive continued product innovation and enhance its ability to support enterprise customers worldwide.

CourseKey Raises Strategic Growth Investment From PSG

By Amit Chowdhry ● Jan 9, 2025

PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled service companies to help navigate and capitalize on transformational growth, announced a strategic growth investment in CourseKey - a student success platform purpose-built for vocational education. CourseKey joins PSG's investments in Verity IQ and Campus Ivy, which creates a unified and end-to-end technology suite for career-focused and vocational education providers.

Deciphex: $32.3 Million (Series C) Raised For Addressing The Global Pathology Crisis

By Amit Chowdhry ● Jan 9, 2025

Deciphex, an AI-based digital pathology leader, announced it has closed its Series C funding at $32.3 million to address the acute global pathology crisis. Led by Molten Ventures with significant participation from ACT Venture Capital, Seroba, Charles River Laboratories, IRRUS Investments, HBAN Medtech Syndicate, and Nextsteps Capital, this funding will advance Deciphex's mission to democratize access to high-quality pathology through a technology-enabled global network of pathologists.

FIRE1: $120 Million Funding Raised For Transforming Heart Failure Care

By Amit Chowdhry ● Jan 9, 2025

FIRE1 - a leading connected medical device solutions company - announced the completion of a $120 million financing round to accelerate the company’s mission to transform the lives of millions of people living with heart failure. The funding round was led by Polaris Partners and Elevage Medical Technologies and joined by new investors Sands Capital and Longitude Capital, and existing investors Andera Partners, Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, NEA (New Enterprise Associates), Novo Holdings, and Seventure Partners.

Jones: Insurance Verification Company Raises $15 Million (Series B)

By Amit Chowdhry ● Jan 9, 2025

Jones, the vertical software company leading AI innovation in insurance verification, announced the closing of its $15 million Series B funding round led by NewSpring Growth. The funding round also saw continued participation from major existing investors, including Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, and Ground Up Ventures.

XyloCor Therapeutics: $67.5 Million (Series B) Raised For Advancing Clinical Development Of Gene Therapy In Cardiovascular Disease

By Amit Chowdhry ● Jan 8, 2025

XyloCor Therapeutics - a clinical-stage biopharmaceutical company developing novel gene therapies for cardiovascular disease - announced the completion of a $67.5 million Series B financing. And the new investment will support a randomized, double-blind Phase 2b clinical trial (EXACT-2) of XC001 (encoberminogene rezmadenovec), in refractory angina, using a new non-surgical method of endocardial administration via a novel injection catheter.

Whatnot: Live Shopping Company Raises $265 Million (Series E) At $4.97 Billion Valuation

By Amit Chowdhry ● Jan 8, 2025

Whatnot, the largest marketplace focused on live shopping in the U.S., UK, and Europe, announced $265 million in Series E funding, co-led by Greycroft, DST Global, and Avra. Also joining are Greycroft and Avra, who are new investors. It also included Lightspeed Venture Partners and Durable Capital Partners, who participated in the round alongside returning investors Andreessen Horowitz (a16z), CapitalG, BOND, and Y Combinator. This investment brings Whatnot’s valuation to $4.97 billion. Since its founding, Whatnot has raised approximately $746 million.

Alesta Therapeutics: €65 Million (Series A) Raised To Develop Small Molecule Therapies For Rare Diseases

By Amit Chowdhry ● Jan 8, 2025

Alesta Therapeutics, a biotechnology company focused on developing transformative small molecule therapies for rare diseases, announced the closing of an oversubscribed €65 million Series A funding round. This funding round was co-led by Frazier Life Sciences and Droia Ventures, with participation from Novartis Venture Fund, RTW Investments, RV Invest, Thuja Capital, and SSI Strategy.

Aviceda Therapeutics: $207.5 Million (Series C) Raised To Develop Next-Generation Immunomodulators

By Amit Chowdhry ● Jan 8, 2025

Aviceda Therapeutics, a private, clinical-stage biotech company focused on developing next-generation immunomodulators with a proprietary High Affinity Ligands of Siglecs (HALOS) nanotechnology platform to alleviate chronic, non-resolving inflammation, announced the closing of a $207.5 million Series C funding.

Mili: AI-Based Wealth Management Meeting Platform Company Raises $2 Million (Seed)

By Amit Chowdhry ● Jan 7, 2025

Mili, an AI-based meeting documentation platform for wealth management firms, announced it raised $2 million in seed funding led by Chiratae and BoldCap, with participation from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital.

Fazeshift: AI-Based Accounts Receivable Agent Company Raises $4 Million (Seed)

By Amit Chowdhry ● Jan 7, 2025

Fazeshift - an AI agent for Accounts Receivable - announced it raised $4 million in seed funding led by Gradient, Google's early-stage AI fund. The funding round also included investment from Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and prominent angels, including Terrence Rohan, Kulveer Taggar, and Rich Aberman.

Senseera: Liquid Biopsy Company Raises $7.1 Million (Seed)

By Amit Chowdhry ● Jan 7, 2025

Senseera - a liquid biopsy company pioneering chromatin epigenomics - announced closing a $7.1 million seed funding round led by Lightspeed Venture Partners, with participation from I-Next Capital and the Lowy Medical Research Institute.

Arcuro Medical Holds Initial Closing Of Series A Funding To Improve Patient Outcomes

By Amit Chowdhry ● Jan 7, 2025

Arcuro Medical has raised a Series A round of funding led by Varana Capital. This funding round included participation from other notable investors, including Trendlines and Consensus Business Group.

boon AI: AI-Based Commerical Fleet Workflow Platform Raises $20.5 Million (Series A)

By Amit Chowdhry ● Jan 7, 2025

boon AI - an AI-based workflow platform for commercial fleets - announced it is launching to transform supply chain and logistics by offering a single system to automate repetitive manual tasks. The Series A round was led by Marathon and Redpoint Ventures. The funding will accelerate the benefits it brings to customers, ranging from food delivery to powering the teams that ensure holiday gifts arrive on time. The new funding round will enable boon to grow its engineering and go-to-market teams.

Decart: AI Research Lab Company Raises $32 Million (Series A)

By Amit Chowdhry ● Jan 6, 2025

Decart - an efficiency-focused AI research lab - announced it raised a $32 million Series A funding round led by Benchmark, with participation from existing investors Sequoia Capital and Zeev Ventures.

Digital Edge: Interconnection And Hyperscale Data Center Operator Company Raises Over $1.6 Billion

By Amit Chowdhry ● Jan 6, 2025

Digital Edge - a leading developer and operator of interconnection and hyperscale edge data centers across Asia and portfolio company of Stonepeak (a leading alternative investment firm specializing in infrastructure and real assets) announced it raised over $1.6 billion in new capital through a combination of equity and debt financing to fuel its next growth phase.

Orbis Medicines: Oral Macrocycle Drug Discovery Company Raises €90 Million (Series A)

By Amit Chowdhry ● Jan 6, 2025

Orbis Medicines - a leader in oral macrocycle drug discovery - announced today the closing of a €90 million Series A funding round, bringing the total amount raised by the company to €116 million. The funding round will support the development of Orbis’ pipeline of next-generation oral macrocycle drugs, called ‘nCycles.’

Hauler Hero: $10 Million (Seed) Funding Raised To Help Waste Management Companies Scale

By Amit Chowdhry ● Jan 6, 2025

Hauler Hero - an all-in-one tech platform helping waste management companies scale their businesses - announced $10 million seed funding led by I2BF Global Ventures, K5 Global, Somersault Ventures, Recall Capital, and executives from ServiceTitan.

Infinant: Bank Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Jan 5, 2025

Infinant, a Charlotte-based leading bank platform provider, announced it has raised $15 million in Series A funding, led by FINTOP Capital and partner JAM FINTOP BankTech, with participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.

General Proximity: $16 Million (Seed) Raised To Innovate Induced Proximity Medicines For Undruggable Targets

By Amit Chowdhry ● Jan 4, 2025

General Proximity, a biotech platform company, announced its emergence from stealth and unveiled its proprietary OmniTAC platform designed to pioneer the next generation of induced proximity medicines. The company raised $16 million to accelerate the development of treatments targeting undruggable proteins associated with cancer, cardiometabolic disease, neurodegeneration, and longevity.

Corsmed: $3.5 Million (Seed) Raised For Advancing MRI Scanning

By Amit Chowdhry ● Jan 4, 2025

Corsmed, a Swedish Magnetic Resonance Imaging (MRI) software company, announced it has secured $3.5 million in seed funding, bringing the total investment in the company to $10 million. The funding round was co-led by Luminar Ventures and Big Pi Ventures, with participation from previous investors.

Cimulate: $28 Million (Series A) Raised To Help Brands Meet The Demands Of Consumers

By Amit Chowdhry ● Jan 4, 2025

Cimulate - a leader in enterprise AI for commerce - announced it has raised $28 million in Series A funding led by Spark Capital with participation from its seed stage investors Sierra Ventures and Pillar VC, with additional participation from LFX Venture Partners and Commerce Ventures. This funding round will accelerate Cimulate’s mission to revolutionize commerce by offering transformative customer experiences through scalable personalization, with a foundation in generative-AI-based search.

Swave Photonics: Holographic Display Company Raises €27 Million (Series A)

By Amit Chowdhry ● Jan 4, 2025

Holographic display company Swave Photonics announced the closing of its €27 million ($28.27 million) Series A funding round. This investment in Swave will catalyze the advancement of its Holographic eXtended Reality (HXR) platform, enabling a reality-first user experience for AI-based augmented reality (AR) smartglasses and heads-up displays.