Startups

Lightning AI: $50 Million Secured For Scaling Development Environments

By Amit Chowdhry ● Nov 21, 2024

Lightning AI, the creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing the total funding to $103 million.

Teleo: $16.2 Million (Series A Extension) Raised To Build Autonomous Technology For Heavy Equipment

By Amit Chowdhry ● Nov 21, 2024

Teleo, a company building autonomous technology for heavy equipment, today announced it has raised $16.2 million in Series A extension funds along with the company's previously announced Series A funding round. The company will use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, etc.

Frazier Healthcare Partners: $2.3 Billion 11th Growth Buyout Fund Closed

By Amit Chowdhry ● Nov 21, 2024

Frazier Healthcare Partners, a dedicated healthcare private equity firm, announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI). FHGB XI was significantly oversubscribed, hitting a hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.

Skypointer: Family Office Focused Fund Closed At $30 Million

By Amit Chowdhry ● Nov 21, 2024

Skypointer Capital, a firm operated by a dedicated management team with experience across the investment and operational lifecycle, announced the closing of its first venture capital fund, reaching a total of $30 million to invest in the global technology sector.

Aquaria: $112 Million Raised To Build Communities With Water From The Sky

By Amit Chowdhry ● Nov 21, 2024

Aquaria, a company building communities and cities supplied with water from the sky, announced it secured $112 million to build the future of water infrastructure. Investors include Mistletoe, Ciri Ventures, Soma Capital, HF0, Bow Capital, Umami Capital and former House Majority Leader Dick Gephardt. As part of the funding, Aquaria has signed an agreement with Upwell Water to provide $100 million to facilitate the deployment of Aquaria's solutions to qualifying projects.

Theo Ai: Litigation Platform Company Raises $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Nov 21, 2024

Theo Ai, the first predictive AI platform for litigation, announced $2.2 million in pre-seed funding. NextView and NVP Capital co-led the round, which also included Ripple Ventures, Beat Ventures, and SCVC Fund.

Lean Technologies: Riyadh-Based Fintech Infrastructure Company Raises $67.5 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Lean Technologies, a Riyadh-based fintech infrastructure platform, announced it had raised $67.5 million in Series B funding led by General Catalyst. Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO also participated in the round. This brings Lean’s total funding to over $100 million.

Ferment: $20 Million Studio Fund Raised To Translate Biology Into Products

By Amit Chowdhry ● Nov 21, 2024

Ferment, a venture studio creating bio-enabled product companies, announced it had launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors, including energy, agriculture, materials, and health.

Federato: AI-Based Underwriting Platform Company Raises $40 Million (Series C)

By Amit Chowdhry ● Nov 21, 2024

Federato, an AI-native underwriting platform for insurance, announced that it has raised a total of $80 million, including its latest Series C funding round. This $40 million round was led by global private markets investor StepStone Group, with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC.

Cardo AI: Asset-Based Finance And Private Credit Technology Platform Company Secures $15 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Cardo AI, a next-generation asset-based finance and private credit technology platform, announced it has completed its $15 million Series A round. The funding was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round.

Cortechs.ai: Funding Round Raised To Transform AI-Based Neuroimaging And Oncology Solutions

By Amit Chowdhry ● Nov 21, 2024

Cortechs.ai, a leader in AI-based neuroimaging and prostate imaging solutions, is pleased to announced the closing of an oversubscribed Series C funding round led by VILAS Ventures. And existing investor Genting Berhad, a global conglomerate, participated in the round as well.

CalmWave: $5.25 Million Raised To Improve Health Systems

By Amit Chowdhry ● Nov 21, 2024

CalmWave - the creator of the Quiet ICU - announced that it has closed a $5.25 million financing round led by Third Prime with participation from Catalyst by Wellstar, Silver Circle, Rebellion, Impulsum, and existing investors Bonfire Ventures, Tau Ventures, and Hike Ventures. And CalmWave will use the new capital to accelerate market penetration and strengthen and expand its GPO channel partnerships, including Premier and Partners Coop.

Monkey Tilt: Entertainment And Online Gaming Company Secures $30 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Monkey Tilt, a platform pioneering a new era of entertainment and online gaming experiences, announced $30 million in Series A funding. Launched in March 2024, Monkey Tilt is creating the next frontier of gaming and bringing together the most trusted executives and voices across the industry to deliver a modern gaming experience.