Startups

Siit: AI-Based Service Desk Solution Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Siit announced it has officially launched an AI-based Service Desk solution for IT and internal operations teams. Along with the product debut, Siit also revealed it has raised $5 million in a Seed round led by StageOne Ventures and Seventure Partners. This funding round will accelerate product development, expand market presence, and fuel Siit's ambitious growth plans.

Northflank: Developer Workload Platform Company Secures $22.3 Million

By Amit Chowdhry ● Nov 11, 2024

Northflank, a developer workload platform, announced $22.3 million in new funding, including a $16 million Series A led by Bain Capital Ventures (BCV) and a $6.3 million seed led by Vertex Ventures US. Additional investors participating in these rounds include Kindred Ventures, Tapestry VC, Pebblebed, and Uncorrelated Ventures.

BayBridgeDigital: Digital Transformation Company Raises $6 Million

By Amit Chowdhry ● Nov 11, 2024

BayBridgeDigital, a leader in digital transformation and Salesforce consulting, announced it raised a $6 million funding round, supported by institutional investors from the U.K. and the USA. This strategic funding marks a pivotal moment for BayBridgeDigital, enabling the company to accelerate the rollout of its innovative services, enhance its expertise in Salesforce, Databricks, Data, and AI, and expand its global footprint in key markets.

Pharos: Layer-1 Blockchain Network Company Raises $8 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Pharos - a full-stack, parallel layer-1 blockchain network - announced the completion of an $8 million seed round investment co-led by Lightspeed Faction and Hack VC, with additional participation from strategic anchor investor SNZ Capital, and other investors, including Reforge, Dispersion Capital, Hash Global, Generative Ventures, Legend Star, MH Ventures, Zion, and Chorus One Ventures.

Nimbus Power Systems: Pre-Seed Funding Raised To Developed Advanced Zero-Emission Heavy-Duty Fuel Cell Engines

By Amit Chowdhry ● Nov 11, 2024

Nimbus Power Systems - a developer of advanced fuel cell technologies for heavy-duty vehicles - announced the closing of a pre-seed financing round led by Connecticut Innovations (Connecticut's strategic venture capital arm). This investment will enable Nimbus to accelerate the development and demonstration of its zero-emission heavy-duty fuel cell engine.

Conflixis: Data And Risk Intelligence Company Raises $4.2 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Conflixis - a data and risk intelligence company - announced $4.2 million in seed capital co-led by Lerer Hippeau and Origin Ventures, with additional investment from mark vc, Springtime Ventures, and continued support from early investor Crētiv Capital.

Vitrian: $50 Million Raised To Provide Solutions For Biomanufacturing And cGMP Facilities

By Amit Chowdhry ● Nov 11, 2024

Vitrian, a leading end-to-end provider of investment capital and capacity-building services for biomanufacturing, announced that it closed a $50 million investment, with the ability to scale to $65 million, into AmplifyBio’s Manufacturing Enablement Center (AMEC) in New Albany, Ohio as a first step of a more significant commitment to support biomanufacturing in Central Ohio.

Symbiotic Security Raises $3 Million (Seed) To Offer Real-Time Feedback On Vulnerabilities

By Amit Chowdhry ● Nov 10, 2024

Symbiotic Security announced it has raised $3 million in seed funding from investors, including Lerer Hippeau, Axeleo Capital, Factorial Capital, and others. And the company has introduced its software-as-a-service that works with the developer’s Integrated Development Environment (IDE) and enables them to develop software more securely.

Physical Intelligence Raises $400 Million At $2.4 Billion Valuation To Develop AI For Robotics

By Amit Chowdhry ● Nov 10, 2024

Physical Intelligence—a company bringing general-purpose AI into the physical world—revealed that it has raised $400 million at a $2.4 billion post-money valuation. The company is comprised of engineers, scientists, roboticists, and company builders developing foundation models and learning algorithms for powering the robots of today and the physically actuated devices of the future.

The Nursing Beat: Nurse-Focused Digital Newsletter Company Raises Equity Funding

By Amit Chowdhry ● Nov 10, 2024

The Nursing Beat, a leading daily digital newsletter designed for nurses by nurses, announced the first closing of an equity funding round. This funding highlights the growing recognition of nurses as crucial influencers in healthcare and validates The Nursing Beat's approach to delivering targeted, relevant information to healthcare professionals.

Emidat: €4 Million Raised From General Catalyst To Help Reduce Emissions

By Amit Chowdhry ● Nov 10, 2024

Emidat, a leading provider of environmental data solutions for the construction industry, announced a €4 million seed funding round led by General Catalyst. This funding round will enable Emidat to support the construction industry in reducing the world's environmental footprint, starting with a revolution in labeling every building material.

Ursa Space Systems: $10 Million Venture Loan Facility Closed With Horizon Technology

By Amit Chowdhry ● Nov 9, 2024

Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that offers capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $10 million venture loan facility to Ursa Space Systems.

PuppyGraph: Query Engine Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized: Advanced People-Sensing Platform Company Secures $4.3 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized, an AI-based platform pioneering advanced people-sensing and positioning software, announced it has raised $4.3 million in seed funding to drive innovation in people sensing and support safer and seamless human-machine interaction. This funding round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.