Startups

Jome: AI-Based Real Estate Marketplace Company Secures $9.8 Million (Series A)

By Amit Chowdhry ● Dec 25, 2024

Jome, an AI-based real estate marketplace that helps buyers find, compare, and purchase new construction homes, announced a $9.8 million Series A funding round led by Geek Ventures with participating investors U.Ventures, Toloka VC, and Forefront VP. The funding will expand its regional footprint in the U.S. Jome, formerly NewHomesMate, now operates in 16 major U.S. cities, including Austin, Denver, and Miami, listing 90% of available new construction inventory.

Embotech: CHF 23.5 Million Raised For Expanding Autonomous Driving Solutions

By Amit Chowdhry ● Dec 25, 2024

Embotech, an innovator in autonomous driving solutions for industrial logistics, announced it has received 23.5 million CHF (about $27 million) in Series B funding to help the company scale its Automated Vehicle Marshalling (AVM) and Autonomous Terminal Tractor (ATT) solutions in Europe, and ultimately in the United States, Middle East, and Asia. This funding round was led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC, and existing investors.

Sitemate: $18 Million (Series A) Raised To Build No Code Software Platforms

By Amit Chowdhry ● Dec 24, 2024

Sitemate, a software company building no-code software platforms for built world companies, today announces it has raised an $18 million Series A led by Blackbird, with participation from existing investors Shearwater Capital and Marbruck.

Cadstrom: AI Expert System Company Raises $6.8 Million (Seed)

By Amit Chowdhry ● Dec 24, 2024

Cadstrom, an AI-based expert system that enables electrical engineers to design electronic devices correctly on the first try, announced that it raised $6.8 million in seed funding. The funding round was led by Bison Ventures and included participation from Innovation Endeavors and AI2 Incubator, which previously invested $650K in a pre-seed round.

Blue J: AI-Based Tax Research Company Raises Series C

By Amit Chowdhry ● Dec 24, 2024

Blue J, a leading provider of generative AI-based tax research to accounting and tax professionals, announced its Series C funding round led by Ten Coves Capital, a growth equity firm specializing in financial technology. The funding will advance Blue J’s mission to transform tax research by delivering instant, reliable answers that combine advanced AI technology with authoritative content from leading sources, including Tax Notes, a respected publication of tax news, analysis, research, and reference tools.

Retellio: $1.3 Million Raised To Help B2B Companies Access Customer Insights

By Amit Chowdhry ● Dec 24, 2024

Retellio, a B2B software platform that uses AI to extract key moments from customer calls and turn them into concise, insight-rich podcasts, announced $1.3 million in funding led by Pelorus Ventures, with participation from Island Capital, East Valley Ventures, The51, the Women’s Equity Lab and others.

Prequel: $3.3 Million (Seed) Secured For Helping Enterprises Boost Application Reliability

By Amit Chowdhry ● Dec 24, 2024

Prequel, a community-driven problem detection and management platform for cloud applications, announced it emerged from stealth and raised $3.3 million in seed funding. The round was led by Work-Bench, with participation from Runtime Ventures and Operator Partners.

Stand: $30 Million Raised To Use Physics-Driven AI To Insure Climate-Impacted Properties

By Amit Chowdhry ● Dec 24, 2024

Stand, a company reimagining insurance for climate-impacted properties, announced the launch of its debut product: California homeowners insurance that insures and fortifies properties to be resilient to wildfire. Launched earlier this year, Stand is backed by top-tier reinsurers, an AM Best A- Rating, and $30 million in funding from Inspired Capital, Lowercarbon, Equal Ventures & Convective Capital. With this foundation, the company is prepared to write over $2 billion in home coverage within its first year.

FastWave Medical: $19 Million Raised To Develop Intravascular Lithotripsy Systems

By Amit Chowdhry ● Dec 24, 2024

FastWave Medical, a clinical-stage medical device company, announced closing an oversubscribed $19 million funding round earlier this year, increasing the total capital invested into the company to over $40 million. And this significant investment, led by Epic Venture Partners with participation from M&L Healthcare Investments and the company's existing investors, will advance FastWave's rapid development momentum and provide crucial support for ongoing regulatory and clinical initiatives of its portfolio of IVL platforms.

Indapta Therapeutics: $22.5 Million Raised For Advancing Clinical Trials Of Cancer And Autoimmune Treatments

By Amit Chowdhry ● Dec 24, 2024

Indapta Therapeutics - a privately held clinical-stage biotechnology company developing next-generation cell therapies for the treatment of cancer and autoimmune diseases - announced it has closed a $22.5 million round of new financing to accelerate the clinical development of its differentiated allogeneic Natural Killer (NK) cell therapy. Current investors RA Capital Management, LP, Leaps by Bayer, the impact investment arm of Bayer AG, Vertex Ventures HC, Pontifax, and the Myeloma Investment Fund, the venture philanthropy subsidiary of the Multiple Myeloma Research Foundation, completed the round.

T-robotics: $5.4 Million (Seed) Raised To Simplify Industrial Automation

By Amit Chowdhry ● Dec 24, 2024

T-robotics, a programming developer for any robot using natural language and skill models with no code required, announced it raised a $5.4 million seed round, co-led by Emergent Ventures and Engine Ventures, with Berkeley Skydeck and Raisewell participating. And T-robotics will use the funding to expand its US and EU operations.

Tolerance Bio: $20.2 Million (Seed) Raised To Develop Approaches To Increase Healthspan

By Amit Chowdhry ● Dec 24, 2024

Tolerance Bio - a biopharmaceutical company pioneering approaches to increasing healthspan by preserving, restoring, and manipulating the function of the thymus, the master regulator of immune tolerance - announced the formation of its Scientific Advisory Board (SAB) and the completion of its oversubscribed $20.2 million seed financing round.

Sotelix: $1.7 Million (Seed) Raised For Developing Therapeutic Endoscopy Devices

By Amit Chowdhry ● Dec 24, 2024

Sotelix Endoscopy, a medical device startup developing next-generation therapeutic endoscopy devices, announced the closing of a $1.7 million seed round financing. The investment will fund the company’s research and development efforts, including in vivo testing of its innovative device.

Mojave: $9.5 Million (Series A) Raised For Changing The Nature Of Air Conditioning

By Amit Chowdhry ● Dec 24, 2024

Mojave Energy Systems, a company founded to change the nature of air conditioning, today announced that it has raised $9.5 million in Series A funding. The Series A funding round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital.

Scripta Insights: AI-Based Pharmacy Navigation Company Raises $17 Million (Series B)

By Amit Chowdhry ● Dec 24, 2024

AI-based pharmacy navigation platform Scripta Insights announced that it had closed $17 million in Series B funding led by Aquiline, bringing Scripta's total funding to $42 million and demonstrating strong support for its mission from the investor community. This strategic funding comes on the heels of Scripta's revenue surging over 100% in 2024, capping a notable year for the business.

Portal Biotechnologies: Cell Engineering Platform Company Raises $7 Million (Seed)

By Amit Chowdhry ● Dec 24, 2024

Cell engineering platform company Portal Biotechnologies announced an oversubscribed $7 million seed round led by IA Ventures with participation from Pear VC, Undeterred Ventures, Page One VC, IKJ Capital, and other current investors.

xAI: Elon Musk’s AI Company Raises $6 Billion (Series C) To Advance Scientific Discovery

By Amit Chowdhry ● Dec 24, 2024

xAI, a company founded by Elon Musi in 2023 to advance scientific discovery, announced it raised $6 billion in a new round of funding. This round included participation from A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, and others. And strategic investors NVIDIA and AMD also participated and continue to support xAI in rapidly scaling our infrastructure.

Report: Perplexity Raises $500 Million At $9 Billion Valuation

By Amit Chowdhry ● Dec 23, 2024

Perplexity AI – an artificial intelligence company that is creating a search product to compete with Google – has reportedly closed a $500 million round of funding tripling the company’s valuation to $9 billion, according to sources with Bloomberg and several other news outlets.

3Gen Consulting: $22 Million Raised From Piramal Alternatives

By Amit Chowdhry ● Dec 23, 2024

3Gen Consulting, a healthcare consulting and revenue cycle management (RCM) services provider, announced that it will receive a strategic investment of up to $22 million (INR 185 crores) from Piramal Alternatives. This partnership is set to advance 3Gen Consulting's growth and bolster its leadership in the healthcare industry.

Orqa: Advanced Autonomous Drone Solutions Company Raises €5.8 Million (Seed)

By Amit Chowdhry ● Dec 23, 2024

Orqa, a leader in advanced autonomous drone solutions, announced that it raised €5.8 million in a seed round led by Lightspeed Venture Partners, with participation from Radius Capital, Decisive Point and existing investor Day One Capital.

Hamming.ai: AI-Based Voice Agent Reliability Company Raises $3.8 Million (Seed)

By Amit Chowdhry ● Dec 23, 2024

Hamming.ai, an AI voice agent reliability platform, announced that it raised $3.8 million in seed funding led by Mischief, with participation from Y Combinator, AI Grant, Pioneer, Coalition Operators, Coughdrop and angels including Hiten Shah, Ran Makavy, Max Kolysh, Richard Aberman and Kulveer Taggar.

ICEYE: Synthetic Aperture Radar Satellite Operations Company Secures $65 Million

By Amit Chowdhry ● Dec 23, 2024

ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, announced that it had closed a $65 million extension of the company's earlier growth funding round of $93 million (announced in April 2024).

SiteOne Therapeutics: $100 Million (Series C) Raised For Advancing Selective Ion Channel Modulators For Pain Management

By Amit Chowdhry ● Dec 23, 2024

SiteOne Therapeutics - a biopharmaceutical company developing selective ion channel modulators for treating pain, cough, and other conditions - announced a $100 million Series C financing. Led by Novo Holdings, with participation from OrbiMed, Wellington Management, Mission BioCapital, BSQUARED Capital, and existing investors, this funding will support the advancement of SiteOne's portfolio of selective, small molecule ion channel modulators for the treatment of sensory hyperexcitability disorders through human clinical proof of concept.

Benchstrength: $62 Million Closed For Early-Stage Venture Capital Fund

By Amit Chowdhry ● Dec 23, 2024

Benchstrength, a venture capital firm whose goal is to invest in high-potential early-stage technology companies, announced the closing of its first fund. The fund’s investors include the Ford Foundation, GCM Grosvenor, Goldman Sachs Asset Management, Churchill Asset Management, Fairview Capital, Bank of America, Citi Impact Fund, General Catalyst, Village Global, The Kapor Foundation, The Equity Alliance, and First Close Partners.

Twill: Talent Platform Company Raises $1.4 Million (Pre-Seed)

By Amit Chowdhry ● Dec 23, 2024

Twill - a next-generation talent platform that connects companies with vetted tech professionals through peer recommendations - announced it has raised $1.4 million in pre-seed funding led by Bloomberg Beta. And additional investors include Vitalize VC, Correlation Ventures, Purpose Built Ventures, and executives from Netflix, Meta, and Snap.

Prometheum: Digital Asset Securities Company Secures $20 Million

By Amit Chowdhry ● Dec 23, 2024

Prometheum - a leading market infrastructure provider for digital asset securities - announced it raised approximately $20 million this year from a group of high-net-worth investors and institutions. And the funding will support Prometheum’s hiring and development plans in 2025 as it completes the rollout of its vertically integrated blockchain-enabled ecosystem for the trading, clearance, settlement, and custody of digital asset securities through its SEC-registered and FINRA member affiliate subsidiaries, Prometheum Capital and Prometheum ATS.

Gigs: $73 Million (Series B) Raised To Help Companies Launch Mobile Services

By Amit Chowdhry ● Dec 23, 2024

Gigs - an operating system for mobile services - announced that it has raised a $73 million in Series B led by Ribbit Capital. And all existing investors, including Google’s Gradient, YC and Speedinvest, participated in the round.

Anatomy: AI-Based Healthcare Lockbox Company Raises $19 Million (Series A)

By Amit Chowdhry ● Dec 23, 2024

Anatomy Financial, the developer of the AI-based lockbox to convert paper mail from healthcare practices to an email-like experience for simplified billing workflows, announced $19 million in Series A funding led by Canapi Ventures. Neil Underwood from Canapi and Nicole Quinn from Lightspeed Venture Partners will join the Anatomy board, supporting the company’s efforts to bring a digital back office and AI-based financial operations to healthcare providers across the US.

Hostaway: Vacation Rental Software Company Raises $365 Million

By Amit Chowdhry ● Dec 23, 2024

Hostaway - a leading all-in-one vacation rental software and management system - announced it had raised a $365 million strategic growth investment led by General Atlantic, with participation from existing investor PSG Equity. And Hostaway plans to partner with General Atlantic and PSG Equity to propel further its growth strategy, such as international expansion, product development, and AI initiatives.

NeuroKaire: Precision Medicine Biotech Company Secures $10 Million

By Amit Chowdhry ● Dec 23, 2024

NeuroKaire - a pioneering biotechnology company specializing in precision medicine in psychiatry and neurology - announced it had secured $10 million in funding to advance the development of its clinical test, which helps identify drug efficacy for depression patients. GreyBird Ventures led the round. The company's other investors include Meron Capital Jumpspeed Ventures, among others.