Startups

AtoB: Transportation-Focused Payment Solutions Company Raises $130 Million

By Amit Chowdhry ● Sep 26, 2024

AtoB, a leading provider of modern payment solutions for the transportation industry, announced significant growth and strategic milestones, including $130 million in new equity and debt funding to further support product and team expansion. And this momentum reflects AtoB's dedication to transforming the transportation sector through fintech solutions and strategic partnerships.

Tamnoon: Managed Cloud Security Remediation Company Raises $12 Million (Series A)

By Amit Chowdhry ● Sep 26, 2024

Tamnoon, a leader in Managed Cloud Security Remediation, announced it has raised $12 million in Series A funding. The funding round was led by cybersecurity investment firm [Bright Pixel Capital (formerly Sonae IM), with participation by new investors Blu Ventures and Mindset Ventures and existing investors Merlin Ventures, Secret Chord Ventures, Inner Loop Capital, and Elron Ventures.

InDebted: Debt Collection Fintech Company Raises $40 Million At $250+ Million

By Amit Chowdhry ● Sep 26, 2024

Global debt collection fintech InDebted announced the completion of its $40 million Series C funding round, valuing the company at greater than $250 million. Primary investors include Airtree, Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial have also participated, with Second Quarter Ventures purchasing shares from angel investors and early employees.

FluidLogic: Hydration Systems Company Raises $15 Million (Series A Extension)

By Amit Chowdhry ● Sep 26, 2024

FluidLogic, a leader in high-performance hydration systems, announced a Series A Extension funding round of $15 million led by Solyco Capital, a private equity firm delivering capital solutions for late-stage startups and growth companies. And FluidLogic develops cutting-edge in-vehicle hydration solutions that provide optimal hydration, ensuring users consistently perform at their peak. This investment will fund new product development and innovation for consumer products in the adventure sports and outdoor endurance categories. Consumer products will be available early next year.

Centivo: $75 Million Secured To Make Healthcare More Affordable

By Amit Chowdhry ● Sep 26, 2024

Centivo, a healthcare company focused on making high-quality healthcare more affordable for employers and their employees, announced it has secured $75 million in equity and debt financing. The funding includes participation from new strategic investors Cone Health Ventures and MemorialCare Innovation Fund, as well as existing financial investors including B Capital, Cox Enterprises, F-Prime Capital, Ingleside Investors, and Morgan Health (a division of JPMorgan Chase). Trinity Capital and ongoing banking partner JPMorgan Chase provided the debt facilities. This funding will enable Centivo to accelerate its mission of making high-quality healthcare more accessible and affordable to working families.

UJET: AI-Based Cloud Contact Center Solutions Company Raises $76 Million (Series D)

By Amit Chowdhry ● Sep 26, 2024

UJET, a leader of AI-based cloud contact center solutions, announced it has closed its latest round of funding led by Sapphire Ventures, with participation from new investors KeyCorp and IonPacific and existing investors GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures. UJET’s latest funding round brings the total Series D funding to $76 million and will accelerate UJET's development of generative AI technologies, enabling businesses to enhance customer experiences (CX) significantly.

Crisp: $72 Million (Series B) Raised To Expand Into CPG And Retail Channels

By Amit Chowdhry ● Sep 26, 2024

Crisp announced it closed a $72 million Series B equity round, including $17 million from new strategic investors, including Wellington Management, Toshiba Corporation, DNX, Cox, and Prologis. This brings Crisp's total equity raised to $97 million since its founding.

Nmbr: Embedded Payroll Company Secures C$7.6 Million (Seed)

By Amit Chowdhry ● Sep 26, 2024

Nmbr, Canada’s first dedicated embedded payroll software provider, announced CAD $7.6 million in seed funding to elevate the payroll ecosystem for businesses nationwide. Panache Ventures, Golden Ventures, Motivate Venture Capital, and Luge Capital provided the funding.

Convergent Therapeutics: $40 Million (Series A Extension) Secured From Novo

By Amit Chowdhry ● Sep 26, 2024

Convergent Therapeutics Inc., a clinical stage biotechnology company focused on developing next generation radiopharmaceutical therapies for the treatment of prostate cancer and other cancers, announced that the first patient has been dosed with CONV01-α in the Phase II CONVERGE-01 trial evaluating CONV01-α, Ac-225 rosopatamab tetraxetan, for the treatment of patients with prostate-specific membrane antigen (PSMA) PET-positive metastatic castration-resistant prostate cancer (mCRPC). Convergent also announced a $40 million Series A extension by Novo Holdings, a holding and investment company wholly owned by the Novo Nordisk Foundation.

Eion: $3 Million (Series A Extension) Raised And Carbon Removal Deal Signed With Microsoft

By Amit Chowdhry ● Sep 26, 2024

Eion, a carbon removal company turning the proven science of enhanced rock weathering (ERW) into a scalable climate solution, announced a contract to deliver 8,000 tons of permanent carbon dioxide removal to Microsoft. And Eion also announced it has closed $3 million in Series A extension funding from agricultural distributor Growmark, AgFunder, Ridgeline, Trailhead Capital, Overture Partners, Mercator Partners, Exelon Foundation, and others.

Whatfix: Digital Adoption Platform Company Raises $125 Million (Series E)

By Amit Chowdhry ● Sep 26, 2024

Whatfix, a leader among digital adoption platforms (DAPs), announced it had secured $125 Million in a Series E funding round led by Warburg Pincus, with participation from existing investor SoftBank Vision Fund 2. And the company is raising the new round at a significant premium, reinforcing its dominance as the leader in Digital Adoption Platforms (DAPs) and expanding into DAP adjacent offerings.

Atomicwork: Modern Service Management Company Raises $14 Million (Seed)

By Amit Chowdhry ● Sep 26, 2024

Atomicwork, a leading modern service management platform, announced the closing of a new $3+ million strategic funding. This funding round was backed by more than 40+ seasoned industry veterans, including global CIOs and CTOs, demonstrating strong confidence in the company's vision and strategic direction.

fal: Media Generating AI Company Raises $23 Million

By Amit Chowdhry ● Sep 26, 2024

fal announced it has raised $23 million in Seed and Series A funding. The $14 million Series A was led by Kindred Ventures with participation from Andreessen Horowitz and First Round Capital and angel investors including Perplexity founder Aravind Srinivas, Vercel founder Guillermo Rauch, Balaji Srinivasan, and Huggingface CTO Julien Chaumond. Andreessen Horowitz led the Seed round with participation from Village Global.

Edera: Secure-By-Design Kubernetes And AI Solution Closes $5 Million (Seed)

By Amit Chowdhry ● Sep 26, 2024

Edera, which is the world's only secure-by-design Kubernetes and AI solution, announced it has raised $5 million in a seed round led by 645 Ventures and Eniac Ventures with participation from FPV Ventures, Generationship, Precursor Ventures and Rosecliff Ventures. And angel investors include Joe Beda, Filippo Valsorda, Mandy Andress, Jeff Behl and Kleiner Perkins scout Nikitha Suryadevara, and others.

Flightkeys: Strategic Growth Investment Raised From Insight Partners

By Amit Chowdhry ● Sep 26, 2024

Flightkeys Group - a cloud-based flight planning and optimization software built specifically for the most innovative global airlines - announced a strategic growth investment from global software investor Insight Partners.

Akur8: Machine Learning-Powered Insurance Company Raises $120 Million (Series C)

By Amit Chowdhry ● Sep 26, 2024

Akur8, a machine learning-powered insurance pricing and reserving platform, announced that it has secured $120 million in series C funding, bringing the total raised investment to $180 million. This latest funding round was led by One Peak, with participation from Partners Group and historical investor Guidewire Software. This new funding round will significantly support Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.

Datamaran: Software Analytics Platform Company Secures $33 Million (Series C)

By Amit Chowdhry ● Sep 26, 2024

Datamaran announced the completion of $33 million in Series-C financing from investment funds managed by Morgan Stanley Expansion Capital, validating its global leadership in the ESG software market. And the proceeds will be used to accelerate growth in the U.S and Europe and further advance initiatives in generative AI.

Element Security: $5 Million Raised To Develop Proprietary Exploit Engine

By Amit Chowdhry ● Sep 25, 2024

Element Security is an innovative Israeli cybersecurity startup that has emerged from stealth mode after two and a half years to unveil its advanced Continuous Threat Exposure Management (CTEM) solution. Element Security announced it raised $5 million in funding from senior investors, including the Q Fund VC, Eddy Shalev, Danny Yamin (former CEO of Microsoft Israel), and Kobi Rosengarten (former General Partner at JVP).

Aclima Raises $13 Million Debt Investment From Leonid Capital Partners

By Amit Chowdhry ● Sep 25, 2024

Leonid Capital Partners, a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it is providing a $13 million term loan to Aclima, a San Francisco-based climate-tech company that has developed a software and hardware solution for hyperlocal measurement and analysis of air pollution, toxics, and greenhouse gasses (GHG).

PictorLabs: UCLA Virtual Staining Technology Spin Out Secures $30 Million (Series B)

By Amit Chowdhry ● Sep 25, 2024

PictorLabs, a software company transforming histopathology with AI-based virtual staining, announced the successful completion of its $30 million Series B funding round. This funding round was led by global software investor Insight Partners, with continued participation from M Ventures, the venture capital arm of Merck KGaA, Darmstadt, Germany, which had previously led PictorLabs' Series A round.

Knit: $9 Million Raised For Streamlining The Consumer Research Process

By Amit Chowdhry ● Sep 25, 2024

Knit, a platform dedicated to streamlining the consumer research process using AI, announced the closing of a $9 million funding round and partnerships with brands like T-Mobile, NASCAR, the WNBA, Mars Wrigley, Overtime, and JBL. The funding round was led by Revolutions's Rise of the Rest Seed Fund, with participation from new investors Osage Venture Partners, GFT Ventures, Visible Ventures, and Massive Ventures and existing investors Silicon Road Ventures, Felton Group, and Alumni Ventures.

Arya Health: Healthcare Workforce Automation Company Raises $4 Million (Seed)

By Amit Chowdhry ● Sep 25, 2024

Healthcare workforce automation platform Arya Health announced it closed $4 million in seed funding, led by Twelve Below. Other investors in this funding round include Nebular and existing investors Oceans and Ridge.

Oak Essentials: Inaugural Growth Investment Raised From Silas Capital And Unilever Ventures

By Amit Chowdhry ● Sep 25, 2024

Oak Essentials, a natural skincare brand founded by Jenni Kayne, announced it has secured a first round of dual funding from Silas Capital and Unilever Ventures to fuel its expansion. The funding will enable enhanced product development, increased marketing efforts, and broader distribution.

PCI Pharma Services Investing Over $365 Million To Support Drug-Device Commercialization

By Amit Chowdhry ● Sep 25, 2024

PCI Pharma Services (PCI), a leading global contract development and manufacturing organization (CDMO) focused on biopharma’s most complex therapies, announced it is investing over $365 million in infrastructure supporting the clinical and commercial-scale final assembly and packaging of drug-device combination products utilizing advanced drug delivery systems, with an emphasis on injectable formats. The effort is part of PCI’s global investment plan, anchored and funded by recent new business featuring new and expanded facilities in Europe and North America. It is designed to augment and accommodate future growth.

Orpyx: Diabetic Care Company Raises $20 Million In Growth Capital

By Amit Chowdhry ● Sep 25, 2024

Orpyx Medical Technologies, a leader in diabetic foot ulcer (DFU) and amputation prevention, announced the completion of an additional $20 million in growth capital led by Perceptive Advisors (Perceptive).

Metabase Q: $11 Million (Series A Extension) Raised To Help Reduce Cybersecurity Risks

By Amit Chowdhry ● Sep 25, 2024

Metabase Q, an IT cybersecurity management company, announced $11 million extension Series A round. SYN Ventures (a VC firm focused on investing in innovative security companies) led both A rounds and John Watters, former president and COO of Mandiant, an independent board director of Metabase Q, participated in both.

DeepLook Medical: Medical Imaging Company Raises Series A

By Amit Chowdhry ● Sep 25, 2024

DeepLook Medical - a healthtech company specializing in visual enhancement technology for advanced medical imaging - announced it marked the 11th investment in Xcellerant VC Fund 1. Michael Shufeldt, MBA, Principal at Xcellerant Ventures, will join the board.

Mesa: Homeowner Membership Company Raises $9.2 Million (Seed)

By Amit Chowdhry ● Sep 25, 2024

Homeowner membership platform Mesa announced it exited stealth with $9.2 million in seed funding. This $7.2 million seed funding was led by Streamlined Ventures with Starting Line, Assurant Ventures, Vera Equity, Redwood Trust Horizons, Clocktower Ventures, and several other firms and strategic investors participating. Mesa also received an additional $2 million in venture debt from Silicon Valley Bank (SVB), a division of First Citizens Bank.

Picus Security: Security Validation Company Raises $45 Million

By Amit Chowdhry ● Sep 25, 2024

Security validation company Picus Security announced it closed a $45 million growth investment round led by Riverwood Capital with the participation of existing investor Earlybird Digital East Fund, bringing Picus’ total funds raised to $80 million. Picus has 500+ enterprise customers worldwide today, and this latest investment will advance Picus’ continued product innovation and expand customer success, sales, and marketing.

Cercle: $6 Million (Seed) Secured To Advance Women’s Healthcare

By Amit Chowdhry ● Sep 25, 2024

Cercle, an AI-based company that unlocks women’s healthcare data at scale into insights for optimal patient and business outcomes, announced it has raised $6 million in seed funding. This funding was led by Outsiders Fund (an early-stage VC firm). And additional investments were made by FemHealth Ventures, CGHealth Ventures, and Rogue Women’s Fund. They join existing investors Sheryl Sandberg and Tom Bernthal’s SBVP fund, and several individual angel investors.