Startups

Vecna Robotics: Material Handling Automation Solutions Company Raises $14.5 Million

By Amit Chowdhry ● Nov 22, 2024

Vecna Robotics, a leader in flexible material handling automation solutions, announced it has brought on Karl Iagnemma as CEO and raised $14.5 million in additional funding from existing investors. The proceeds of the funding round are earmarked to accelerate technology and product enhancements to address the automation needs of operators in automotive, general manufacturing, and high-volume warehousing.

Trolley: Global Payouts Company Secures $23 Million (Series B)

By Amit Chowdhry ● Nov 22, 2024

Trolley, a leading global payouts platform, announced it has raised $23 million in a Series B growth equity funding round led by Wavecrest Growth Partners, with participation from existing investor Pace Capital. This funding will enable Trolley to accelerate product development, broaden its market presence, and enhance its platform to serve better businesses ranging from startups to Fortune 500 companies.

Ion Storage Systems: $10 Million Debt Investment Raised From Leonid Capital Partners

By Amit Chowdhry ● Nov 22, 2024

Leonid Capital Partners, a leader in non-dilutive financing for critical sectors, announced a $10 million debt investment in Ion Storage Systems, an innovator in advanced solid-state battery technologies. This funding round aims to accelerate ION’s mission to deliver a safer, more efficient energy solution through their groundbreaking solid-state battery technology.

CHAOS Industries: $145 Million (Series B) Secured To Advance Defense And National Security Technology Development

By Amit Chowdhry ● Nov 22, 2024

CHAOS Industries, a company building the next generation of defense and critical industry technologies, announced that the company has raised $145 million in Series B funding to support the next phase of its commercial growth and development. The Series B funding round was led by Accel, with participation from 8VC, Overmatch Ventures, Lerner Enterprises, and existing insiders. The Series B round brings the total funding raised by the company to $215 million since its founding.

Faircraft: Lab-Grown Leather Company Raises $15.8 Million

By Amit Chowdhry ● Nov 22, 2024

Faircraft, a pioneer of lab-grown leather utilizing unique and patented tissue engineering techniques, announced a $15.8 million fundraising round. The funding round was backed by internationally-renowned investment funds, including Kindred Ventures, Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact, and Heirloom.

Valora Therapeutics: $30 Million (Seed) Raised To Pioneer Novel Approach To Immunotherapy

By Amit Chowdhry ● Nov 21, 2024

Valora Therapeutics - a biotechnology company pioneering a novel approach to immunotherapy - announced the closing of its seed funding round. The funding round was co-led by Avalon BioVentures together with Bregua Corporation and TigerGene, investors recognized for their expertise in supporting innovative biotech companies. And additional participation was provided by Alexandria Venture Investments and Correlation Ventures. This investment will advance Valora’s proprietary AbLec platform to develop novel immunotherapeutics.

Flywheel Dynamix: Buyer-Centric Cloud Marketplace Company Closes $7 Million (Seed)

By Amit Chowdhry ● Nov 21, 2024

Flywheel Dynamix (Flywl) - the first buyer-centric cloud marketplace designed to simplify software acquisition for buyers and help sellers grow revenue faster - announced it raised $7 million in seed funding. Storm Ventures, Foster Ventures, BeeNex, FeBe, and Teknos Ventures led the round. And after operating in stealth mode since August, Flywl is officially launching the first buyer module for its marketplace platform in the first week of December.

Magma Math: K-12 Learning Platform Company Raises $40 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Magma Math, a leading K-12 instructional math platform for teacher efficiency and classroom management, announced the closing of its Series A funding round, totaling an investment of $40 million. The round was led by Five Elms Capital, with participation from previous investors, team members, and experts in the industry.

‬‭Elicit Plant: Agri-Biotech Company‬‭ Raises $48 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Elicit‬‭ Plant -‬‭ a‬‭n agri-biotech‬‭ company‬‭ specializing‬‭ in‬‭ biosolutions‬‭ for‬‭ broad‬‭ acre‬‭ crops -‬‭ announced it raised a $48‬‭ million‬‭ B‬‭ Series‬‭ round‬‭ to‬‭ accelerate‬‭ its‬‭ worldwide‬ expansion, with a particular focus on the U.S. Corn Belt.‬

VISO TRUST: AI-Based Third-Party Risk Management Company Raises $24 Million

By Amit Chowdhry ● Nov 21, 2024

VISO TRUST, a leader in AI-based third-party risk management (TPRM), today announced the closing of its latest funding round with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.

Lightning AI: $50 Million Secured For Scaling Development Environments

By Amit Chowdhry ● Nov 21, 2024

Lightning AI, the creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing the total funding to $103 million.

Teleo: $16.2 Million (Series A Extension) Raised To Build Autonomous Technology For Heavy Equipment

By Amit Chowdhry ● Nov 21, 2024

Teleo, a company building autonomous technology for heavy equipment, today announced it has raised $16.2 million in Series A extension funds along with the company's previously announced Series A funding round. The company will use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, etc.

Frazier Healthcare Partners: $2.3 Billion 11th Growth Buyout Fund Closed

By Amit Chowdhry ● Nov 21, 2024

Frazier Healthcare Partners, a dedicated healthcare private equity firm, announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI). FHGB XI was significantly oversubscribed, hitting a hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.

Skypointer: Family Office Focused Fund Closed At $30 Million

By Amit Chowdhry ● Nov 21, 2024

Skypointer Capital, a firm operated by a dedicated management team with experience across the investment and operational lifecycle, announced the closing of its first venture capital fund, reaching a total of $30 million to invest in the global technology sector.

Aquaria: $112 Million Raised To Build Communities With Water From The Sky

By Amit Chowdhry ● Nov 21, 2024

Aquaria, a company building communities and cities supplied with water from the sky, announced it secured $112 million to build the future of water infrastructure. Investors include Mistletoe, Ciri Ventures, Soma Capital, HF0, Bow Capital, Umami Capital and former House Majority Leader Dick Gephardt. As part of the funding, Aquaria has signed an agreement with Upwell Water to provide $100 million to facilitate the deployment of Aquaria's solutions to qualifying projects.

Theo Ai: Litigation Platform Company Raises $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Nov 21, 2024

Theo Ai, the first predictive AI platform for litigation, announced $2.2 million in pre-seed funding. NextView and NVP Capital co-led the round, which also included Ripple Ventures, Beat Ventures, and SCVC Fund.

Lean Technologies: Riyadh-Based Fintech Infrastructure Company Raises $67.5 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Lean Technologies, a Riyadh-based fintech infrastructure platform, announced it had raised $67.5 million in Series B funding led by General Catalyst. Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO also participated in the round. This brings Lean’s total funding to over $100 million.

Ferment: $20 Million Studio Fund Raised To Translate Biology Into Products

By Amit Chowdhry ● Nov 21, 2024

Ferment, a venture studio creating bio-enabled product companies, announced it had launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors, including energy, agriculture, materials, and health.

Federato: AI-Based Underwriting Platform Company Raises $40 Million (Series C)

By Amit Chowdhry ● Nov 21, 2024

Federato, an AI-native underwriting platform for insurance, announced that it has raised a total of $80 million, including its latest Series C funding round. This $40 million round was led by global private markets investor StepStone Group, with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC.

Cardo AI: Asset-Based Finance And Private Credit Technology Platform Company Secures $15 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Cardo AI, a next-generation asset-based finance and private credit technology platform, announced it has completed its $15 million Series A round. The funding was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round.

Cortechs.ai: Funding Round Raised To Transform AI-Based Neuroimaging And Oncology Solutions

By Amit Chowdhry ● Nov 21, 2024

Cortechs.ai, a leader in AI-based neuroimaging and prostate imaging solutions, is pleased to announced the closing of an oversubscribed Series C funding round led by VILAS Ventures. And existing investor Genting Berhad, a global conglomerate, participated in the round as well.

CalmWave: $5.25 Million Raised To Improve Health Systems

By Amit Chowdhry ● Nov 21, 2024

CalmWave - the creator of the Quiet ICU - announced that it has closed a $5.25 million financing round led by Third Prime with participation from Catalyst by Wellstar, Silver Circle, Rebellion, Impulsum, and existing investors Bonfire Ventures, Tau Ventures, and Hike Ventures. And CalmWave will use the new capital to accelerate market penetration and strengthen and expand its GPO channel partnerships, including Premier and Partners Coop.

Monkey Tilt: Entertainment And Online Gaming Company Secures $30 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Monkey Tilt, a platform pioneering a new era of entertainment and online gaming experiences, announced $30 million in Series A funding. Launched in March 2024, Monkey Tilt is creating the next frontier of gaming and bringing together the most trusted executives and voices across the industry to deliver a modern gaming experience.

Patlytics: AI-Based Patent Workflow Platform Reveals Significant Company Growth

By Amit Chowdhry ● Nov 20, 2024

Patlytics, an AI-based patent workflow platform, announced significant company growth, such as commercial traction from AM100 firms and global enterprise customers, new product upgrades, and additional funding led by Myriad Venture Partners.

Tokamak Energy: $125 Million Raised To Commercialize Fusion Energy

By Amit Chowdhry ● Nov 20, 2024

Tokamak Energy announced it has raised $125 million to accelerate plans to commercialize fusion energy and grow its transformative high temperature superconducting (HTS) technology solution, TE Magnetics.

INITIATE Ventures: $45 Million Closed For Funding Health Tech And Life Sciences Companies

By Amit Chowdhry ● Nov 20, 2024

INITIATE Ventures announced the closing of $45 million in its debut venture capital fund and affiliated company creation platform. And INITIATE invests in and co-founds transformative companies at the intersection of healthcare, life sciences, and technology. The fund was designed to enable bold ideas and exceptional entrepreneurs, utilizing the expertise of its experienced investor-operator team.

Twine: Cybersecurity Company Raises $12 Million (Seed)

By Amit Chowdhry ● Nov 20, 2024

Twine - a US and Israel-based cybersecurity company, announced $12 million in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz.

Citizen Health: $14.5 Million (Seed) Raised For Transforming Health Experiences

By Amit Chowdhry ● Nov 20, 2024

Citizen Health, an AI-based consumer health platform designed to support 400+ million individuals managing rare and complex conditions, announced the closing of a $14.5 million seed round. This funding round was led by Transformation Capital, with participation from Wavemaker 360 and prominent angel investors. This fundraising is further strengthened by a strategic program investment and partnership with the Chan Zuckerberg Initiative (CZI).

Distyl: AI-Based Automation Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 20, 2024

Distyl announced it has raised $20 million in Series A funding to drive its growth and to meet the accelerating demand from its Fortune 100 customers. This funding round adds Lightspeed Venture Partners, who led the round, and Khosla Ventures. And existing investors Coatue, Dell Technologies Capital, and Nat Friedman also joined, along with strategic and angel investors.

Osyte: $4 Million (Seed) Secured For Driving AI-Based Investment Automation

By Amit Chowdhry ● Nov 20, 2024

Osyte (pronounced O-Sight), the developer of an AI-based multi-asset portfolio management technology, announced the closing of its $4 million seed round. This additional funding will enable Osyte to expand its go-to-market capabilities, accelerate its AI product roadmap, and scale its client management team to meet growing demand.