Startups

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.

DocJuris: AI Contract Company Raises Series A Funding

By Amit Chowdhry ● Oct 2, 2024

DocJuris, a leader in AI contract review, announced the closing of its Series A funding round, raising $8 million in new capital, bringing the total capital raised to date to $11.2 million. Silverton Partners, the most active venture capital firm in Texas, led the funding round, with participation from previous investors Watertower Ventures, Surface Ventures, and Seed Round Capital.

thebad.company Working With WeFunder In Raising $250 Million

By Amit Chowdhry ● Oct 2, 2024

Colorado-based venture studio, business accelerator, and investment group thebad.company announced a noteworthy partnership with WeFunder, aimed at raising $250 million over the next ten years. And the funds will be used to solve Colorado's critical challenges, focusing on workforce readiness, reshoring manufacturing, and transforming the artificial intelligence (AI) landscape.

SmartSKN: $7 Million Deal Signed With LillyCover Korea

By Amit Chowdhry ● Oct 2, 2024

AI-based beauty solutions leader SmartSKN partnered with LillyCover, a pioneer in Korean skincare technology. This $7 million deal grants SmartSKN exclusive rights to introduce AI-driven skincare robots to the U.S. market, combining the best of K-beauty with cutting-edge AI skincare personalization.

Numa: $32 Million (Series B) Raised To Transform Auto Dealerships

By Amit Chowdhry ● Oct 2, 2024

Numa, an AI-based platform transforming auto dealerships, announced a $32 million Series B funding round. Touring Capital, a growth stage firm focused on AI-powered software, and Mitsui & Co., a global conglomerate generating $1.2 billion in annual profit from automotive and mobility, led the round. Existing investors Costanoa Ventures, Threshold, and Gradient Ventures also participated.