Startups

Illuma Labs: Banking Voice Authentication Company Raises $9 Million (Series A)

By Amit Chowdhry ● Sep 13, 2024

Illuma Labs, a leader in voice authentication technology for banking contact centers, announced it has raised $9 million in Series A funding led by LiveOak Ventures, with participation from Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU. This funding will accelerate the development of Illuma’s voice verification solutions, addressing threats like fraud, voice cloning, and deep fakes and expanding its reach to more credit unions and banks nationwide.

Ren Systems: $3.5 Million Secured To Scale AI-Based Relationship Intelligence Platform

By Amit Chowdhry ● Sep 13, 2024

Cashmere: AI-Based Client Acquisition Platform Raises $3.6 Million (Seed)

By Amit Chowdhry ● Sep 13, 2024

Cashmere, an AI-based client acquisition platform for wealth management firms, announced it has raised a $3.6 million seed funding round. This seed round was led by Canapi Ventures, with participation from Benchstrength, Plug and Play, The House Fund, Courtyard Ventures, and angel backers. And as the lead investor, Canapi Ventures will act as board observers, providing strategic guidance as Cashmere scales its operations. The funding will advance product development and strategic hiring, including a newly appointed Head of Machine Learning.

Catalyst OrthoScience: $20 Million Funding And 10,000 Total Shoulder Arthroplasty (TSA) Procedures

By Amit Chowdhry ● Sep 13, 2024

Alosant: Real Estate Tech Company Raises Series A Funding

By Amit Chowdhry ● Sep 13, 2024

Alosant, a leading customer experience platform for master-planned communities, announces the securing of Series A funding led by Greg Avis, co-founder and former Managing Director of Summit Partners. This milestone - when combined with the strategic addition of key leadership and ongoing growth - propels Alosant's mission to enhance community connections through innovative mobile technology.

InMobi: AI-Based Content Discovery Company Raises $100 Million

By Amit Chowdhry ● Sep 13, 2024

InMobi, a global consumer technology company transforming how consumers discover and consume content, shop, and engage with brands, announced the closing of a $100 million debt financing agreement from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. The funding will propel InMobi’s artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions.

Radiant Bio: $35 Million (Series A) Raised For Advancing Antibody Platform

By Amit Chowdhry ● Sep 13, 2024

Radiant Biotherapeutics, a preclinical biotechnology company build an antibody platform to deliver transformative therapies for patients facing life-changing disease, announced it has closed a $35 million Series A financing. The funding round was co-led by the Bill & Melinda Gates Foundation and Amplitude Ventures of Canada. The additional participants in the Series A include new investors BDC Capital, the VC arm of the Business Development Bank of Canada, through its Thrive Venture Fund, and abrdn, an investment fund managed by abrdn Inc.; and existing investors FACIT, Alexandria Venture Investments and Toronto Innovation Acceleration Partners (TIAP).

SpectraWAVE: $50 Million (Series B) Raised To Advance HyperVue Imaging System

By Amit Chowdhry ● Sep 13, 2024

SpectraWAVE., a medical imaging company focused on improving the treatment and outcomes for patients with coronary artery disease (CAD), announced a $50 million Series B funding round led by Johnson & Johnson Innovation - JJDC and joined by S3 Ventures, Lumira Ventures, SV Health Investors, Deerfield Management, NovaVenture, Heartwork Capital, and undisclosed parties. This funding round will advance commercial expansion and product additions to the company’s 510k-cleared HyperVue Imaging System.

MOTHER Games: $5 Million Raised To Build Mobile Indie Game Le Zoo

By Amit Chowdhry ● Sep 13, 2024

Brooklyn-based art and media company MOTHER Games announced its launch out of stealth and $5 million in funding for its mobile game Le Zoo. Launched by two visionary mothers, Kelsey Falter and Raissa Chagas, MOTHER creates transformative experiences designed to awaken players to their mental programming and expand their inner worlds through play.