Startups

Cambridge GaN Devices: $32 Million (Series C) Raised For Energy-Efficient Semiconductors

By Amit Chowdhry ● Feb 23, 2025

Cambridge GaN Devices (CGD), an innovator in gallium nitride (GaN) power devices, announced it closed a $32 million Series C funding round. The funding round was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group, and IQ Capital.

75F: $45 Million (Series B) Raised AI-Based HVAC Automation

By Amit Chowdhry ● Feb 23, 2025

75F, a leader in IoT and AI-driven commercial HVAC automation, announced a $45M Series B funding round, one of the largest in Minnesota history. This funding, led by Accurant International's Net Zero Alliance, with participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures, underscores the market’s growing confidence in light commercial building automation and 75F's easy and cost-competitive approach to building energy efficiency.

ElectronX: $10 Million Raised For Electricity Derivatives Exchange

By Amit Chowdhry ● Feb 23, 2025

ElectronX, a new energy exchange created to help accelerate the U.S. grid transition to renewable sources, announced it raised a $10 million strategic investment round led by Systemiq Capital. Equinor Ventures, Shell Ventures, and Innovation Endeavors participated in the round. Former U.S. Commodity Futures and Trading Commission (CFTC) Chairman J. Christopher Giancarlo also joined ElectronX as a strategic adviser.

Verkada: $200 Million (Series E) Raised At $4.5 Billion For Physical Security Technology

By Amit Chowdhry ● Feb 23, 2025

Verkada, a pioneer in cloud-based physical security technology, announced a $200 million Series E funding round. The round was led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised over $700 million in total funding and the latest round values the company at $4.5 billion.

Mavvrik: $6.2 Million (Seed) Funding Raised For IT Financial Control Platform

By Amit Chowdhry ● Feb 23, 2025

Mavvrik, a unified platform for IT financial control, announced a $6.2 million seed funding round led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures. This funding round fuels Mavvrik's go-to-market expansion and product innovation.

AheadComputing: $21.5 Million (Seed) Funding Raised To Develop Microprocessor Cores

By Amit Chowdhry ● Feb 23, 2025

AheadComputing announced it secured $21.5 million in seed funding to rapidly develop and commercialize its microprocessor architecture designed to meet the new and unique computing demands across AI, cloud, and edge devices.

Gomboc AI: $13 Million (Seed) Raised To Transform Cloud Security Remediations

By Amit Chowdhry ● Feb 22, 2025

Gomboc AI, which is the industry's first deterministic AI solution for cloud security remediations, announced it has raised $13 million in seed stage funding. A new $8 million seed investment was led by Ballistic Ventures, with continued support from Glilot Capital Partners and Hetz Ventures, which co-led Gomboc AI's initial $5 million seed investment.

Dream: $100 Million (Series B) Raised At $1.1 Billion Valuation For Cyber Resilience

By Amit Chowdhry ● Feb 22, 2025

Dream, an AI-based company providing cyber resilience for nations and critical infrastructure, announced a $100 million Series B led by Bain Capital Ventures at a $1.1 billion valuation. And additional investors include Group 11, Tru Arrow, Tau Capital and Aleph. Dream will further enhance its product capabilities and global market reach with this funding round.

Harvey: $300 Million (Series D) Raised At $3 Billion Valuation For Legal AI Platform

By Amit Chowdhry ● Feb 22, 2025

Harvey recently announced the Series D funding round led by Sequoia and including Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group which owns LexisNexis Legal & Professional. This round of funding was raised at a $3 billion valuation.

Candid Health: $52.5 Million (Series C) Raised To Simplify Medical Billing

By Amit Chowdhry ● Feb 22, 2025

Candid Health, an autonomous revenue cycle automation platform for healthcare providers, announced it has raised $52.5 million in Series C funding led by Oak HC/FT with participation from existing investors. This funding round brings the company's total raised to $99.5 million.