Startups

Kintsugi AI: Tax Automation Platform Company Raises Series A Funding

By Amit Chowdhry ● Nov 20, 2024

Kintsugi AI, a tax automation platform, announced that it has extended its Series A with an additional investment from Airwallex, bringing the total funding to $10 million. The company’s previous investors include GSRVentures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC.

Lightyear: Enterprise Telecom Management Company Raises $31 Million (Series B)

By Amit Chowdhry ● Nov 20, 2024

Lightyear, a leading provider of enterprise telecom management software, announced the completion of a $31 million Series B funding round led by Altos Ventures, with participation from existing investors Ridge Ventures, Amplo, Zigg Capital, and Susa Ventures.

Kalder: $10.5 Million Raised To Transform Customer Loyalty By Helping Brands Earn Revenue From Rewards

By Amit Chowdhry ● Nov 20, 2024

Kalder announced it raised $10.5 million in funding, which includes its most recent $7 million seed round led by Javelin Venture Partners with participation from 8VC, Human Capital, Gingerbread Capital, Emergence Capital, and Formus Capital and prominent angel investors. Previously, Kalder raised $3.5 million in seed funding led by 500 Startups. Additional investors include Harry Maguire of Manchester United, Shuo Wang (Co-founder of Deel), Julius Genachowski, Board Chairman of Sonos, former FCC Chairman and board director of Mattel and Mastercard.

Class8: $22 Million (Series A) Raised To Help Carriers And Drivers With AI Solutions

By Amit Chowdhry ● Nov 20, 2024

Class8 (a company that was previously recognized as FleetOps) announced it has secured $22 million in Series A funding, led by Xplorer Capital with new investor Commerce Ventures and returning partners Inspired Capital and Resolute Ventures.

Cyera: Data Security Company Raises $300 Million (Series D) At $3 Billion Valuation

By Amit Chowdhry ● Nov 20, 2024

Data security leader Cyera announced a $300 million Series D round. This latest funding round was led by Accel and Sapphire Ventures, with additional participation from Sequoia, Redpoint, Coatue, and Georgian, bringing Cyera's valuation to $3 billion (a more than twofold increase in just six months). This funding round follows Cyera’s $300 million Series C round earlier this year and brings Cyera's total funding to $760 million.

Keychain: $15 Million In Funding And $500 Million In Monthly Manufacturing Projects Facilitated

By Amit Chowdhry ● Nov 20, 2024

Keychain - a manufacturing platform for the packaged goods industry - announced that it has raised $15 million in new funding. The funding round was led by BoxGroup, with support from major food companies General Mills and Schreiber, and existing investors including Lightspeed Venture Partners, and SV Angel.

Copernic Catalysts: Chemicals And E-Fuels Developer Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 20, 2024

Copernic Catalysts - a developer of novel catalysts for sustainable chemicals and e-fuels - announced it has raised an oversubscribed $8 million Series Seed Prime round. Breakout Ventures led the round, with existing investors Future Ventures and Engine Ventures and new investors like Innospark Ventures, New Climate Ventures, and Impact Science Ventures.

Alentis Therapeutics: $181.4 Million (Series D) Raised For Advancing Clinical Development Of Anti-Claudin-1 ADCs

By Amit Chowdhry ● Nov 20, 2024

Alentis Therapeutics - a clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis - announced that it has raised $181.4 million in Series D financing, supported by a syndicate of top-tier biotech investors. The funding will support Alentis to develop a deep pipeline of CLDN1 targeted medicines for solid tumors. This funding round was led by OrbiMed with co-leads Novo Holdings and Jeito Capital. New investors Frazier Life Sciences, Longitude Capital, Catalio Capital, Piper Heartland Healthcare Capital and Avego Bioscience Capital participated in the round. And significant backing was also received from existing investor RA Capital Management, along with support from Morningside Venture Investments, BB Pureos, Bpifrance through its InnoBio 2 fund, and other early institutional investors, all of whom have been instrumental to Alentis’ development path.

RIIG: $3 Million (Seed) Raised To Protect Organizations From Cyber Threats

By Amit Chowdhry ● Nov 19, 2024

RIIG, a risk intelligence and cybersecurity solutions provider, announced that it has closed a $3 million seed funding round. Led by the Felton Group—the family office of Charlottesville-based hedge fund manager Jaffray Woodriff—this funding round will accelerate the development and launch of RIIG's AI-powered solutions, expand client support, and grow its sales and marketing teams.

Vatn Systems: Defense Technology Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 19, 2024

Vatn Systems - a leading defense technology company building autonomous underwater vehicles for the US military and allies - announced it has raised an oversubscribed $13 million seed round, bringing total funding to $16.5 million. The funding round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures, and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.

Writer: Enterprise-Focused Generative AI Platform Raises $200 Million (Series C) At $1.9 Billion Valuation

By Amit Chowdhry ● Nov 19, 2024

Writer, a full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The funding round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard supported the funding round.

Shiru: Ingredient Discovery Company Raises $16 Million

By Amit Chowdhry ● Nov 19, 2024

Shiru - a pioneer in AI-based ingredient discovery - announced it has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries.

ScaleOps: Cloud Resource Management Company Secures $58 Million (Series B)

By Amit Chowdhry ● Nov 19, 2024

ScaleOps, a leader in real-time automated cloud resource management, announced $58 million in Series B funding led by Lightspeed Venture Partners. Returning investors NFX and Glilot Capital Partners and new investor Picture Capital participated in the round, which comes just one year after its series A and follows tremendous business growth for the company. The round brings the company's total funding to $80 million.

Fort Health: $5.5 Million Raised For Expanding Mental Health Care Services

By Amit Chowdhry ● Nov 19, 2024

Fort Health, a leader in integrated behavioral health, announced that it has raised $5.5 million to expand mental health care to more pediatricians' offices. Twelve Below and Vanterra led this funding round, bringing the total amount raised to $16 million.

ANELLO Photonics: Optical Gyroscope Company Raises Series B

By Amit Chowdhry ● Nov 19, 2024

ANELLO Photonics, the creator of the Silicon Photonic Optical Gyroscope (SiPhOG), announced the closing of a Series B funding round, evidencing investor confidence in the company's approach to inertial navigation in GPS-denied environments. The funding was co-led by Lockheed Martin, Catapult Ventures, and One Madison Group. Additional investors included New Legacy, Build Collective, Trousdale Ventures, In-Q-Tel (IQT), K2 Access Fund, Purdue Strategic Ventures, Santuri Ventures, Handshake Ventures, Irongate Capital, and Mana Ventures.