Startups

Neutreeno: University Of Cambridge Spinout Raises $5 Million (Seed)

By Amit Chowdhry ● Oct 4, 2024

Neutreeno, a deep tech startup spinning out of the University of Cambridge, announced it secured a $5 million Seed round with support from a global syndicate of mission-aligned investors.

Harmonic Security: $17.5 Million (Series A) Raised To Bring Zero-Touch Data Protection To Enterprises

By Amit Chowdhry ● Oct 4, 2024

Harmonic Security announced it has secured $17.5 million in Series A funding to bring its unique zero-touch data protection capabilities to enterprises. Since the company launched in October last year, the total funding has reached over $26 million, with enterprise customers already in double figures.

iAsk: AI Answer Engine Company Raises $4.2 Million

By Amit Chowdhry ● Oct 4, 2024

iAsk, an AI Answer Engine built for Gen Z, announced it has raised $4.2 million in seed funding led by Corazon Capital, with participation from Chingona Ventures, Starting Line VC, Alumni Ventures, Listen VC, Motivate VC, Octava Singapore, Chicago Early Growth Ventures, and several prominent angel investors. Along with this round, iAsk also revealed that it has successfully processed over 350 million search queries since launching last year. Plus, iAsk soft-launched its API for businesses and developers, which already has a waitlist of over 7,000 unique potential customers.

Vizit: Visual AI Software Company Secures $25 Million (Series B)

By Amit Chowdhry ● Oct 4, 2024

Vizit, a leader in Visual AI software for global brands and retailers, announced a $25 million Series B round led by Industry Ventures to accelerate its mission to use Visual AI to completely transform how brands connect with their audiences worldwide using visual content.

Powin: $200 Million In Debt Capital Raised From KKR

By Amit Chowdhry ● Oct 4, 2024

Powin, a leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. This facility will be instrumental in supporting Powin’s working capital needs, driving continued innovation, and enhancing its financial flexibility as it expands its leadership position in the storage industry.

Triveni Bio: $115 Million (Series B) Closed To Advance Novel Antibody Treatments For I&I Disorders

By Amit Chowdhry ● Oct 4, 2024

Triveni Bio, a biotech company advancing novel antibody treatments for I&I disorders, announced a $115 million Series B to support pipeline expansion. The funding round was led by Goldman Sachs Alternatives with significant participation from additional new investors Fidelity Management & Research Company and Deep Track Capital, and Series A investors Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global Investors, and Invus.

KOHO: Fintech Company Raises $190 Million And Debt Raised

By Amit Chowdhry ● Oct 4, 2024

KOHO announced that it has raised $190 million in additional capital, $40 million of which is equity and $150 million in debt. This new funding will drive growth, the expansion of KOHO’s lending book and new innovative products, and continued progress towards a Schedule 1 bank license.

LoQus23 Therapeutics: £35 Million (Series A) Secured To Advance Small Molecule Somatic Expansion Inhibition Therapy

By Amit Chowdhry ● Oct 4, 2024

LoQus23 Therapeutics, a private biotechnology company investigating small molecule drugs that could stop DNA instability and slow neurodegeneration in Huntington's Disease, myotonic dystrophy type 1, and similar triplet repeat expansion diseases, announced the closing of its £35 million (c.$43 million) Series A financing. The funding round was led by Forbion, alongside existing investors SV Health Investors' Dementia Discovery Fund (DDF) and Novartis Venture Fund (NVF). Forbion General Partner Rogier Rooswinkel will join LoQus23's Board of Directors.

United Solar: High-Purity Polysilicon Company Raises $156 Million

By Amit Chowdhry ● Oct 4, 2024

United Solar Holding, a manufacturer of high-purity polysilicon for the global solar PV industry, announced a strategic investment from Future Fund Oman (FFO) - which was launched by the sovereign wealth fund of Oman. And FFO is investing OMR 60 million (equivalent to US$156 million) in United Solar, which is building a state-of-the-art 100,000-ton polysilicon factory in Sohar Port and Freezone, a key player in the global trade network, offering unparalleled access to world markets.

HOMAGE: Vintage-Inspired Sports Apparel Brand Raises Growth Capital

By Amit Chowdhry ● Oct 4, 2024

HOMAGE, a vintage-inspired sports, and licensed apparel brand announced the closing of its latest growth capital round. And after being kicked off with an initial investment from Ryan Reynolds' Maximum Effort, several prominent figures and organizations joined the round, including Winnie Capital (led by NFL star Jason Kelce), More Better (led by Emmy-winning creator, actor, and entrepreneur Rob McElhenney), Adam Hansmann (co-founder of The Athletic), Haslam Sports Group (owners of the Cleveland Browns, Columbus Crew, and shared controlling owners of the Milwaukee Bucks), 35Ventures (headed by Kevin Durant and Rich Kleiman) and Wheelhouse 360. Adding this notable group of investors will strengthen HOMAGE's foothold in the sports, media, and entertainment industries.

Dexory: Robotics And Data Intelligence Company Raises $80 Million (Series B)

By Amit Chowdhry ● Oct 4, 2024

Dexory, a leading robotics and data intelligence company, announced it has closed an $80 million Series B funding round. This funding round was led by DTCP, with participation from Latitude Ventures, Wave-X, and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. DTCP’s Michael Rager joins Dexory’s board of directors as part of this investment.

Valerion: University Of Michigan-Based Battery Technology Company Raises Funding From HEST Investments Partners

By Amit Chowdhry ● Oct 4, 2024

HEST Investments—a Dallas-based venture capital family office known for its commitment to disruptive ventures—announced a recent investment in Valerion, a battery technology company based at the University of Michigan. This funding, which was finalized in June 2024, marks a notable moment in HEST Investments' ongoing mission to drive transformative change in science and technology.

DCVC Raises Over $700 Million To Invest In A Healthier Planet

By Amit Chowdhry ● Oct 4, 2024

DCVC announced it has closed over $700 million in new funds for a healthier planet and lives. The firm has committed to achieving venture-scale returns from companies whose success would bring humanity greater resilience, abundance, and equitability for investors.

Rogo: Secure Enterprise AI Platform Raises $18.5 Million (Series A)

By Amit Chowdhry ● Oct 4, 2024

Rogo - a secure enterprise AI platform built by and for finance professionals - announced an $18.5 million Series A funding round led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), and others. Keith Rabois (General Partner at Khosla Ventures, CEO of OpenStore, and four-time Midas List awardee) joins Rogo's Board of Directors. This round brings Rogo's total funding to $26 million.

HPC-AI Tech: $50 Million (Series A) Closed For Enhancing Video Generation AI

By Amit Chowdhry ● Oct 4, 2024

HPC-AI Tech, an AI startup specializing in AI Software Infrastructure and Video Generation, announced it has raised $50 millionSeries A funding round. The company’s investors include prominent names such as Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital, positioning the company for rapid growth in the AI space.

Nym: Autonomous Medical Coding Engine Raises $47 Million

By Amit Chowdhry ● Oct 3, 2024

Autonomous medical coding leader Nym announced a $47 million growth investment led by PSG (a leading growth equity firm specializing in partnering with software and technology-enabled services companies). And this new funding includes participation from existing and new investors including Google Ventures, Addition, Samsung Next and Dynamic Loop Capital.

Eon: Next-Gen Cloud Backup Solution Company Secures $127 Million

By Amit Chowdhry ● Oct 3, 2024

Eon, a next-generation cloud backup solution, announced its launch from stealth, and the company raised a total of $127 million in funding. This first backup autopilot for the age of cloud infrastructure and Eon monitor cloud resource sprawl and bring cloud backup posture management (CBPM) to enterprises. Eon also replaces legacy backup tools and generic snapshots, transforming backups into useful, easy-to-manage assets.

JOYA: Skin Health And Wellness Benefit Platform Company Raises $5 Million (Seed)

By Amit Chowdhry ● Oct 3, 2024

JOYA, which is the first employee skin health and wellness benefit platform, announced its emergence from stealth mode with $5 million in seed funding from LUX Capital, Mosaic General Partnership, Arsama Trust, and Joyance Partners. This funding round will support team expansion, product development, market growth, and increased access to providers. Additionally, Dr. Neshat and Fatima Husain will join JOYA’s Board of Directors.

Salient Motion: Aerospace And Defense Component Supplier Raises $12 Million

By Amit Chowdhry ● Oct 3, 2024

Salient Motion, an aerospace and defense component supplier, announced it has closed $12 million in total funding, preseed and seed rounds, to transform the design and manufacturing of critical motion control components. This funding was led by Cantos Ventures, with participation from Andreessen Horowitz, AE Ventures, Hummingbird Ventures, and BoxGroup.

xtype: ServiceNow-Focused Multi-Instance Management Platform Raises $21 Million (Series A)

By Amit Chowdhry ● Oct 3, 2024

xtype - a leading software company for multi-instance management on the ServiceNow platform, announced it had raised a $21 million Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital. This milestone marks a significant leap forward in xtype's mission to revolutionize how organizations manage their ServiceNow environments.

Thread AI: $6 Million (Seed) Raised To Make Infrastructure Simple For Enterprises

By Amit Chowdhry ● Oct 3, 2024

Thread AI, a new company founded by former Palantir AI Product and Engineering leads Angela McNeal and Mayada Gonimah, emerged from stealth to announce the launch of its composable AI infrastructure platform Lemma. And this AI workflow solution brings together disparate or previously incompatible systems into one observable, robust, and secure place so that enterprises can effectively implement and execute with AI.

Gateway Fleets Raises Funding From Partners Group

By Amit Chowdhry ● Oct 3, 2024

Partners Group - one of the largest firms in the global private markets industry (acting on behalf of its clients) - has invested in Gateway Fleets, a provider of electrification solutions for logistics fleet operators in the US. And Partners Group is acquiring a controlling stake in Gateway and will provide significant capital to support its future growth.

Accel-KKR Buying Revenue Cycle Analytics Provider VisiQuate

By Amit Chowdhry ● Oct 3, 2024

VisiQuate is a leading provider of advanced revenue cycle analytics and AI-powered workflow automation software, dramatically improves performance and reduces process waste. And for nearly two decades, VisiQuate partnered with hospitals and health systems to markedly improve their top and bottom line.

PayRange Receives Strategic Growth Investment From Ridgeview Partners

By Amit Chowdhry ● Oct 3, 2024

Growth-oriented technology private equity firm Ridgeview Partners - in partnership with The Baupost Group -announced it has agreed to make a significant strategic growth investment in PayRange, a leading provider of IOT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will continue to lead the company and will retain a significant ownership position.

Vivun Unveils AI-Based Sales Engineer Platform Ava

By Amit Chowdhry ● Oct 2, 2024

Today Vivun has announced the launch of Ava, an AI-based Sales Engineer that is enabling sales, sales engineering, and customer success teams to operate with greater independence via on-demand technical expertise.

Dexory: Robotics And Data Intelligence Company Raises $80 Million

By Amit Chowdhry ● Oct 2, 2024

Dexory, a leading robotics and data intelligence company, announced it closed an $80 million Series B funding round. The round was led by DTCP and included participation from Latitude Ventures, Wave-X, and Bootstrap Europe, as well as existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. DTCP’s Michael Rager joined Dexory’s board of directors as part of this investment.

Impulse Space: In-Space Transportation Services Company Raises $150 Million (Series B)

By Amit Chowdhry ● Oct 2, 2024

Impulse Space, a leader in developing in-space transportation services, announced a $150 million Series B funding round led by Founders Fund. The round also included participation from other returning investors like Lux Capital and Spring Tide and attracting new investors, such as DCVC. Other participants in the funding round included Airbus Ventures, Alumni Ventures, Balerion Space Ventures, RTX Ventures, Tamarack Global, 137 Ventures, Elysium, First Principles Group, Island Green, Overmatch, and Trousdale Ventures.

Ostia Sciences: University Of Toronto Spinout Raises Over C$1 Million

By Amit Chowdhry ● Oct 2, 2024

Ostia Sciences, a spinout from the University of Toronto specializing in oral and respiratory microbiome solutions, announced it has raised over C $1 million in its seed round and secured full intellectual property (IP) transfer from the university.

Lucky Energy: Better-For-You Energy Drink Company Secures $11.75 Million (Series A)

By Amit Chowdhry ● Oct 2, 2024

Lucky Energy, a simpler and better-for-you energy drink company, announced the closing of an oversubscribed $11.75 million Series A led by Brand Foundry Ventures with additional investment from Imaginary Ventures, Sapphire Sport, and Sugar Capital, among others.

Air Doctor: Travel Health Company Secures $20 Million (Series B)

By Amit Chowdhry ● Oct 2, 2024

Travel health leader Air Doctor announced that it has raised $20 million in series B funding in a round led by aMoon. Participation came from strategic investors Tokio Marine Holdings and Samsung Ventures (SVIC) and current shareholders Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, and Munich Re Ventures.