Startups

DefectDojo: $7 Million Raised For Scaling AppSec Innovation

By Amit Chowdhry ● Sep 24, 2024

DefectDojo, a pioneer in scalable application security, announced a $7 million funding round to respond to demand and accelerate its mission of connecting security strategy with execution for smarter risk management. This latest funding round, led by Iolar Ventures and Aspenwood Ventures, will drive innovation, product development, and market expansion.

Datricks: AI-Based Compliance Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Sep 24, 2024

Datricks, a pioneering financial integrity platform, announced $15 million in Series A funding led by Team8’s venture capital arm. And SAP, the global leader in enterprise resource planning (ERP) software, made a strategic investment in the round, along with participation from existing investor Jerusalem Venture Partners. This funding round follows Datricks' recent expansion of its commercial partnership with SAP, which included the launch of Datricks for Risk Mining as an SAP Endorsed App.

Koltin: Mexican Senior Healthcare And Insurance Company Secures $7.3 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Koltin, which is the first company in Mexico to offer private health insurance coverage to seniors, announced the closing of a $7.3 million Series A funding round led by Left Lane Capital. This funding round, which includes participation from previous investors, will fuel Koltin's mission to improve the health and financial resilience of aging Mexicans and their families.

Twelve: Carbon Transformation Company Raises $645 Million

By Amit Chowdhry ● Sep 23, 2024

Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, announced $645 million in funding. This funding is based on a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C funding, and an additional $45 million in credit facilities from leading funders in the renewable energy sector marking this as one of the largest financing rounds to date in the e-fuels space.

Canopie: Prevention-Focused Maternal Health Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Sep 23, 2024

Canopie—a prevention-focused maternal health company—announced it has raised a $3.7 million seed funding round, co-led by Beta Boom and Aeroflow Health. Additional investors include the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. These funds will be used to expand personalized, virtual mental health care covered by insurance and address social drivers of health (SDoH) for moms across all levels of risk in the US.

Era Ventures: $88 Million Fund Closed To Invest In Positive Change Startups

By Amit Chowdhry ● Sep 23, 2024

Era Ventures, a VC firm focused on investing in a broad range of business model innovations to catalyze positive change in the built world, announced the launch of its inaugural $88 million fund. And Era Ventures will deploy capital across multiple stages and a full spectrum of sector-focused innovations, from enablement technologies that improve existing processes to truly disruptive platforms that reshape the industry.

arqu: Wholesale Insurance Brokerage Company Raises $10 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

arqu, a tech-focused wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted, announced a $10 million Series A funding round, led by Crosslink Capital with participation from Intact Ventures. arqu also saw continued support from all existing investors, Lightspeed Venture Partners, Foxe Capital and Nationwide Ventures.

Hippocratic AI Receives Investment From NVIDIA’s Venture Arm Ventures

By Amit Chowdhry ● Sep 23, 2024

Hippocratic AI, a company building the first safety-focused Large Language Model (LLM) for healthcare, announced it has received an investment from NVentures, NVIDIA’s venture capital arm in its recently closed extended Series A round.

Rebelstork: Baby Gear Returns Recommerce Marketplace Raises $18 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Rebelstork, which is North America's largest and most trusted baby gear returns recommerce marketplace, announced a new round of investment that will help the company to build on its innovative solution to the baby gear industry's pressing returns crisis. This $18 million Series A round was led by Maveron Ventures with participation from Serena Ventures, Marcy Venture Partners, and existing seed investor Golden Ventures.

Fathom: AI-Based Meeting Intelligence Company Secures $17 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Fathom, an AI-based meeting intelligence platform that enables teams to have more productive conversations, announced it raised $17 million in Series A funding led by Telescope Partners. Fathom’s seed investors include Maven Ventures, Character, Active Capital, and Rackhouse Ventures. The company also reserved 10% of the round for its users, who invested over $2 million via the crowdfunding platform Wefunder in two weeks.

Mercor: AI-Based Hiring Platform Company Closes $30 Million (Series A) At $250 Million Valuation

By Amit Chowdhry ● Sep 23, 2024

Mercor - an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering, law, chemistry, finance, etc - announced it raised $30 million in Series A funding at a $250 million valuation. The funding round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D'Angelo, Larry Summers, Chris Re, and others. And Victor Lazarte of Benchmark will be joining the board to continue supporting Mercor's growth and development.

NetNow: Trade Credit Automation Platform Company Raises $1.8 Million (Pre-Seed)

By Amit Chowdhry ● Sep 23, 2024

NetNow, a modern trade credit automation platform that automates wholesalers' and distributors' credit and collections processes, announced $1.8 million in pre-seed funding. Ripple Ventures led the funding round, including Centre Street Partners, Antler, Motivate Venture Capital, and Day One Ventures. NetNow also received a grant from Intuit for earning the Most Customer Obsessed company award.

Intezer: AI-Based Autonomous Security Company Raises $33 Million (Series C)

By Amit Chowdhry ● Sep 23, 2024

Intezer, a leader in AI-based technology for autonomous security operations, announced that it has raised $33 million in Series C funding. The funding round was led by Norwest Venture Partners, with participation from all existing investors, including Intel Capital, OpenView, Magma, and Alon Cohen (founder of CyberArk).

Cybord: Component AI Solution Company Secures $8.7 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

Cybord, a visual AI solution ensuring electronic component quality, authenticity, and traceability, announced that it had secured $8.7 million in Series A funding led by Capri Ventures, with participation from Ocean Azul Partners and existing investors IL Ventures and NextLeap Ventures, among other new and current investors.

AttoTude: Data Center Application Interconnection Technology Company Raises $29 Million (Series A)

By Amit Chowdhry ● Sep 23, 2024

AttoTude, a leader in interconnect technology for AI and hyperscale data center applications, announced it has raised a Series A funding round of $29 million. This latest funding round shortly follows AttoTude’s initial Seed Round, which was $11 million in March 2024. These funding rounds were based on a combination of prominent investors, including Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital.

Roots Automation: AI-Based Digital Coworker And InsurGPT Company Secures $22.2 Million (Series B)

By Amit Chowdhry ● Sep 23, 2024

Roots Automation, the creator of the AI-Based Digital Coworker and InsurGPT (the world's first generative AI model for insurance), announced the closing of a $22.2 million Series B funding round. Harbert Growth Partners led the round, which also included follow-on investments from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.

Arzeda: Protein Design Company Closes $38 Million In Funding

By Amit Chowdhry ● Sep 23, 2024

Protein design company Arzeda announced it has raised $38 million in funding. This funding round includes new investments from Sofinnova Partners, Fall Line Capital, Sucden Ventures, Silver Blue, and the venture arm of W.L. Gore & Associates (makers of Gore-Tex), which has been in a joint development agreement with Arzeda since 2022. And the previous investors also participated in the round, including the venture arm of the Continental Grain Company, Bunge Ventures, and Lewis & Clark Agrifood.

Orb: Modern Billing Platform Company Raises $25 Million (Series B)

By Amit Chowdhry ● Sep 22, 2024

Orb, a modern billing platform company that reimagines how businesses monetize software, announced it raised $25 million in Series B funding led by Mayfield. Existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures and new investor Uncorrelated Ventures participated in this latest round.

Serán Bioscience: $200 Million Strategic Growth Transaction Raised

By Amit Chowdhry ● Sep 22, 2024

Serán Bioscience, a leading contract development and manufacturing organization (CDMO) providing a comprehensive suite of development, analytical and manufacturing services to pharmaceutical and biotechnology companies, announced a strategic growth transaction of more than $200 million. And Bain Capital Life Sciences led the deal while existing investor Vivo Capital remains a key shareholder in the company.

Hydden: Identity Visibility Company Closes $4.4 Million (Seed)

By Amit Chowdhry ● Sep 22, 2024

Identity visibility company Hydden announced it raised $4.4 million in seed funding led by Access Venture Partners. And the other investors include Lockstep, the venture fund of CISOs Rinki Sethi and Lucas Moody, Service Provider Capital, and several cybersecurity angel investors including Andy Grolnick and Paul Trulove.

webAI: AI Development Platform Raises Funding At $700 Million Valuation

By Amit Chowdhry ● Sep 22, 2024

webAI – an AI-based development platform that provides enterprises with localized AI infrastructure and offers a superior solution to existing cloud-based models – announced two milestones.

GreenLite: Construction Technology Company Secures $28.5 Million (Series A)

By Amit Chowdhry ● Sep 22, 2024

GreenLite, a construction technology company making permitting faster and more predictable for builders, developers, and municipalities, announced a Series A funding round of $28.5 million, led by Craft Ventures with participation from 53 Stations, Trust Ventures, and LiveOak Ventures. This new funding round is taking place less than a year after GreenLite's launch from stealth.

Loop: Cross-Border Banking Company Raises C$10 Million

By Amit Chowdhry ● Sep 22, 2024

Loop, a global financial solution for businesses to manage international finances, simplifying cross-border payments, currency exchange, and treasury management, announced an additional C$6.4 million in funding. Combined with C$4 million secured in 2022, Loop has raised C$10+ million to date on its mission to enable companies to seamlessly manage their financial services and global payments and simplify their financial workflows.

Pickommerce: Warehouse Automation Company Secures $3.4 Million

By Amit Chowdhry ● Sep 22, 2024

Warehouse automation company Pickommerce announced it has raised $3.4 million in funding to advance the development, production and marketing of the PickoBot piece-picking robot. Pickommerce's technology is prepared to transform the warehouse automation market. IL Ventures led this funding round and it includes InNegev, Fusion VC, the Israel Innovation Authority, and strategic investor ZIM Ventures (the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services).

Aerwave: Managed WiFi Platform Company Secures $20 Million (Series B)

By Amit Chowdhry ● Sep 22, 2024

Aerwave, a next-generation managed WiFi platform transforming connectivity in the multifamily industry, announced $20 million of Series B investment from strategic partners. Moderne Ventures and an S&P 500 REIT led this latest round and were joined by Dominicus Wireless.

Zevero: Global Carbon Accounting Company Raises $7 Million

By Amit Chowdhry ● Sep 22, 2024

Global carbon accounting platform Zevero announced a $7 million seed funding round. This funding was led by Spiral Capital, with participation from East Ventures and several angel investors. This first raise marks a milestone for Zevero's ability to grow its global sustainability impact.

Kasisto: Financial GenAI Conversational Platform Company Raises $90 Million Total

By Amit Chowdhry ● Sep 22, 2024

Leading conversational GenAI platform company Kasisto (the creators of KAI) announced the appointment of Don Layden as Executive Chairman of its Board of Directors. This announcement coincided with the closing of Kasisto’s Series D funding round. This brought the company’s total funding to $90 million.

Safire Group: Lithium-Ion Battery Safety Technology Company Raises $8 Million (Pre-Series A)

By Amit Chowdhry ● Sep 21, 2024

Safire Technology Group announced $8 million in new financing led by Canaan Partners, with participation from Correlation Ventures, Higher Life Ventures, Ajinomoto, Automotive Ventures, Outpost Ventures, Potomac Angel Capital, and MaC Venture Capital. This Pre-Series A funding round brings total funding to $11 million, and fuels continued development of the company's Safe, Impact-Resistant Electrolyte (SAFIRE) technology to transform the safety benchmarks of lithium-ion (Li-ion) batteries across government and automotive industries. And Canaan's Hrach Simonian will join co-founders John Lee and Mike Grubbs on the board of directors.

Motion: Creative Analytics And Research Company Secures $30 Million (Series B)

By Amit Chowdhry ● Sep 21, 2024

Motion, a creative analytics and research platform used by creative strategists, announced that it had secured $30 million in Series B funding led by Inovia. Threshold Ventures participated, as did existing investors Headline, Abstract Ventures, and Sugar Capital. This funding round will accelerate Motion's product roadmap and deepen its analytics and creative research capabilities. This raise brings the company's total funding to $42 million.

Virtuous: Responsive Fundraising Software Company Raises $100 Million

By Amit Chowdhry ● Sep 21, 2024

Virtuous, a leading Responsive Fundraising Software helping nonprofits grow giving, announced a minority growth investment through a funding round led by Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. This significant investment will fuel Virtuous' mission to accelerate product innovation and enhance services for its nonprofit customers.