Startups

Safe Superintelligence: $1 Billion Raised To Create Secure AI

By Amit Chowdhry ● Sep 5, 2024

Safe Superintelligence (SSI), a company founded by OpenAI co-founder Ilya Sutskever, has raised $1 billion in funding. This funding was provided by Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel, and NFDG. NFDG is an investment partnership that is led by Nat Friedman and SSI CEO Daniel Gross. Sources with Reuters suggested that this funding was at a valuation of $5 billion.

Trestle: Vendor Risk Management Platform Raises $2.3 Million (Pre-Seed)

By Amit Chowdhry ● Sep 5, 2024

Trestle, which is a subcontractor and supplier data centralization and performance management solution for the construction industry, announced it has secured $2.3 million in pre-seed funding led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.

Create Wellness: Creatine-Based Products Company Raises $5 Million (Series A)

By Amit Chowdhry ● Sep 5, 2024

Create Wellness - a leader in creatine-based products - announced it has raised $5 million in a Series A funding round led by Unilever Ventures. This latest round brings the company's total funding to $7.3 million. The funding will accelerate Create's mission to bring the benefits of proper creatine supplementation to a wider audience.

threatER: Cybersecurity Company Raises Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● Sep 5, 2024

CIBC Innovation Banking announced that it has provided a growth capital financing facility to threatER, a cyber defense category leader focused on eliminating cyber threats before they reach the network. This growth capital will facilitate threatER’s scale-up as they aim to help medium-sized businesses and enterprises, especially in financial services, healthcare and legal, protect their business from cyberattacks and increasingly sophisticated digital bad actors.

Oxylus Energy: E-Fuel Production Company Raises $4.5 Million (Seed)

By Amit Chowdhry ● Sep 5, 2024

Oxylus Energy, a developer of a novel carbon utilization technology for the production of e-fuels, announced the closing of its $4.5 million Series Seed investment, which was co-led by Toyota Ventures and Azolla Ventures and participated in by Earth Foundry and Connecticut Innovations.

LightForce: Orthodontics-Focused Company Raises $50 Million From Trinity Capital

By Amit Chowdhry ● Sep 5, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-oriented companies - announced the commitment of $50 million in growth capital to LightForce, makers of the world's first fully personalized 3D-printed braces system. And LightForce specializes in personalized orthodontics, focusing on the development and production of 3D-printed dental brackets.

You.com: AI-Based Productivity Engine Company Secures $50 Million (Series B)

By Amit Chowdhry ● Sep 4, 2024

Today AI-based productivity engine You.com announced a $50 million Series B funding round led by Georgian. This funding round included participation from Salesforce Ventures, NVIDIA, SBVA (formerly Softbank Ventures Asia), DuckDuckGo, and Day One Ventures, bringing You.com’s total funding to $99 million.

Revefi: AI Data Engineer Company Closes $20 Million (Series A) And Launches Raden

By Amit Chowdhry ● Sep 4, 2024

Today Revefi announced that it has raised $20 million in a Series A funding. This funding round was led by Icon Ventures, with participation from Mayfield, GTM Capital and StepStone Group.

ArsenalBio: $325 Million (Series C) To Enhance Programmable Cell Therapy Programs

By Amit Chowdhry ● Sep 4, 2024

Arsenal Biosciences, a clinical-stage programmable cell therapy company focused on engineering advanced CAR T-cell therapies for solid tumors, announced today the closing of an oversubscribed $325 million Series C financing round.

eGenesis: $191 Million (Series D) Secured To Develop Engineered Organs For Addressing Transplant Shortages

By Amit Chowdhry ● Sep 4, 2024

eGenesis, a biotechnology company that is developing human-compatible engineered organs to address the global organ shortage, announced today the closing of a $191 million Series D financing. The funding was led by Lux Capital, with participation from existing investors ARCH Ventures, Khosla Ventures, Farallon Capital Management, Alta Partners, Fresenius Medical Care Ventures, and Leaps by Bayer, and new investors DaVita, Eisai Innovation, NATCO Pharmaceuticals, and Parkwood Corporation.

Vesta Healthcare: Virtual Care Provider For Those With Home Care Raises $65 Million (Series C)

By Amit Chowdhry ● Sep 4, 2024

Vesta Healthcare, a virtual care provider group for people with home care, announced today the closing of $65 million in a Series C round with new debt financing.

Cognitive Credit Secures $10 Million (Series B) To Provide Investors With Specialist Data

By Amit Chowdhry ● Sep 4, 2024

Cognitive Credit, a global leader in data and analytics software for corporate credit markets, announced today that it has closed its latest funding round in the second quarter of the year, a $10 million Series B raise led by ETFS Capital, with existing investor XTX Ventures also participating.

CeresAI: Series D Funding Raised To Help Insurers Reduce Farming Risks

By Amit Chowdhry ● Sep 4, 2024

Ceres Imaging - a data and analytics provider that helps growers, lenders, and insurers reduce their farming risk and improve yields - announced today its rebranding to CeresAI. This rebranding highlights the company’s foundation and leadership in computer vision and machine learning, which are essential in enabling all participants in the agricultural industry - particularly large agribusinesses and financial services customers - to access quality data to make faster and more accurate data-driven decisions.

ATLAS Space Operations: Satellite Communications Company Raises $15 Million

By Amit Chowdhry ● Sep 4, 2024

ATLAS Space Operations, a world leading provider of ground station services for satellite communications, announced it has raised $15 million in its latest growth round.

HEPTA Medical: Thermal Ablation Therapy Device Company Raises €5.7 Million (Series A)

By Amit Chowdhry ● Sep 4, 2024

HEPTA Medical—a private medical device company focused on providing efficient, safe, and minimally invasive thermal ablation therapy for early-stage lung cancer—announced today that it has raised €5.7 million in the first close of its Series A funding round. The funding was led by BPI France, with the participation of M&L Healthcare and Clery IG.