Startups

Terrantic: Operational Data Platform Company Raises $3.5 Million (Seed)

By Amit Chowdhry ● Aug 17, 2024

Terrantic, a data platform for modern operations in the food supply chain, announced the closing of its oversubscribed $3.5 million seed round. Supply Change Capital led the round, which was participated in by York IE, Vitalize VC, and existing investors Array Ventures.

KNIME: Open-Source Data Science And AI Company Raises $30 Million

By Amit Chowdhry ● Aug 17, 2024

KNIME, one of the leading open-source data science and AI companies, announced it has raised additional funding from its longstanding investor, Invus. Since the last announcement, Invus has invested another $30 million, bringing the total funding to $50 million.

Encord: AI Data Development Company Raises $30 Million (Series B)

By Amit Chowdhry ● Aug 17, 2024

Encord, an AI data development platform for advanced vision and multimodal teams, announced a $30 million Series B funding round. This round was led by Next47, a global venture firm investing in early and expansion-stage companies in SaaS, AI, and enterprise, with participation from existing investors Y Combinator, CRV, and Crane Venture Partners.

EliseAI: AI-Based Housing Solutions Company Raises $75 Million (Series D)

By Amit Chowdhry ● Aug 17, 2024

EliseAI, the largest and most advanced conversational AI platform for the housing industry, announced a Series D funding round of $75 million at a valuation of over $1 billion. Sapphire Ventures led this round, which included existing investors Navitas Capital, Point72 Private Investments, DivcoWest Ventures, and Koch Real Estate Investments.

Sepio: Asset Risk Management Solution Company Raises Strategic Funding (Series B Extension)

By Amit Chowdhry ● Aug 17, 2024

Sepio, an innovator of a physical layer-based asset risk management solution that ensures customers can see, assess, and mitigate the risk of all known and shadow IT assets at any scale, announced a new investment, extending its series B funding. This funding was led by Tau Capital, and it will support the growing company's customer-facing organizations needed to address an exceeding demand from tier-1 enterprises for Sepio's solutions. Plus, it will also go toward allocating resources for Sepio's recently introduced Hardware Detection and Response (HWDR) managed service.

Definity: Data Application Observability And Remediation Platform Raises $4.5 Million

By Amit Chowdhry ● Aug 17, 2024

definity announced the general availability of its pioneering Data Application Observability & Remediation platform for Spark data analytics environments, marking a significant advancement in data operations. And the company is also announcing it has raised $4.5 million in a seed funding round led by StageOne Ventures, with participation from Hyde Park Venture Partners and additional strategic angel investors.

Levels: $10 Million (Series A Extension) Closed To Show How Food Affects Health

By Amit Chowdhry ● Aug 17, 2024

Levels, a software company that shows you how food affects your health, announced a $10 million Series A Extension to bring its mission of solving the metabolic health crisis to an even wider audience. The funding round included $3 million in crowdfunding from more than 2,000 investors, as well as investments from Long Journey, a16z, and others.

VoyceMe: Manga And Webtoon Creator Platform Company Raises $10 Million

By Amit Chowdhry ● Aug 17, 2024

VoyceMe, a first-of-its-kind manga and webtoon creator platform, announced new funding, product, technology pipeline details, and the addition of key executive leadership. And with over eight million monthly visits and an increase in readership of 1,000% since 2023, VoyceMe has secured new seed investments bringing the total capital to $10 million. Redpoint Ventures led the latest round, which included existing investors Torch Capital, Red Sea Ventures, and Clara Vista Partners.

Spline: Collaborative 3D Design Platform Company Secures $10 Million (Series A)

By Amit Chowdhry ● Aug 17, 2024

Collaborative 3D design platform company Spline has made a couple of major announcements. First, it announced that it has raised $10 million in Series A funding. Third Point Ventures led this round, which also included Gradient Ventures, Y Combinator, Firestreak, Jorn van Dijk (CEO of Framer), and Guillermo Rauch (CEO of Vercel). Third Point Partner Dan Moskowitz joined the company’s board of directors.

Actuate: Remote Video Guarding Infrastructure Company Raises $11.5 Million

By Amit Chowdhry ● Aug 17, 2024

Actuate, a leading innovator in computer vision technology for remote video guarding, announced the successful closing of an $11.5 million funding round. This funding was led by Gray Line Partners, with significant contributions from existing investors Tribeca Venture Partners, Bling Capital, Tensility Venture Partners, and Upside Partnership.

PayZen: Healthcare Fintech Company Raises $232 Million (Series B)

By Amit Chowdhry ● Aug 17, 2024

PayZen, a technology company addressing healthcare affordability with AI-powered solutions, announced an oversubscribed Series B led by NEA, with full participation from existing investors, including 7wireVentures, SignalFire, Viola Ventures, and others. This funding round includes $32 million Equity and a new $200 million credit warehouse from Viola Credit and a syndicate of insurance companies. This credit facility will support its continued rapid growth and market expansion.

MD Ally: 911 Network Navigation Company Secures $14 Million (Series A)

By Amit Chowdhry ● Aug 17, 2024

MD Ally, a leader in 911 diversion, care, and navigation solutions, announced the completion of a $14 million Series A funding round. This brings the company’s total funding to $25 million.

Moximed: $91 Million (Series D) Closed To Improve Knee Osteoarthritis Care

By Amit Chowdhry ● Aug 17, 2024

Moximed, an innovative medical device company with a goal of improving the standard of care for people with knee osteoarthritis (OA), announced the closing on $61 million of Series D preferred stock financing with an option to close on up to an additional $30 million. This funding round was led by Elevage Medical Technologies (a Patient Square Capital platform), with participation from new investors Cormorant Asset Management and Warren Point Capital and existing investors New Enterprise Associates (NEA), Future Fund, Advent Life Sciences, Gilde Healthcare, Vertex Ventures HC, GBS Venture Partners, and Morgenthaler Ventures.

UptimeAI: AI-Based Plant Monitoring Company Raises $14 Million (Series A)

By Amit Chowdhry ● Aug 17, 2024

UptimeAI, an AI-based plant monitoring software platform for industrial businesses, announced it has raised $14 million in Series A funding to boost its North American operations. WestBridge Capital led the round, with participation from Emergent Ventures and Aditya Birla Ventures. This funding will accelerate UptimeAI's mission to revolutionize U.S. industrial plant monitoring and maintenance with advanced AI technology, following a stellar 400% growth last year.

Livly: Residential Management Platform Company Raises $10 Million

By Amit Chowdhry ● Aug 17, 2024

Livly (a leading provider of technology-driven residential management platforms) announced the completion of a third investment round. The $10 million in funding will support several new initiatives to increase net operating income for developers, property operators, and third-party property management companies.

Capitalize: 401(k) Management Company Raises $19 Million (Series B)

By Amit Chowdhry ● Aug 16, 2024

Capitalize, a platform that helps consumers and financial institutions digitally find and transfer retirement assets, today announced the closing of a $19 million Series B funding round led by RRE Ventures. The funding round included participation from existing Capitalize investors, including Canapi Ventures and Bling Capital, and new investors, including Industry Ventures.

Sling: Money Transfer Service Secures $15 Million (Series A)

By Amit Chowdhry ● Aug 16, 2024

Sling Money, an app built to make the global transfer of money easier and low-cost, announced a $15 million Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Sling Money had previously raised a $5 million seed round led by Ribbit Capital with participation from Slow Ventures.

Sahara AI: Decentralized Blockchain Platform Company Raises $43 Million

By Amit Chowdhry ● Aug 16, 2024

Sahara AI is a company focused on making AI open, equitable, and beneficial for everyone across all stages of the development cycle. The company recently raised $43 million to scale its operations. This funding was co-led by Binance Labs, Pantera Capital, and Polychain Capital, with participation from Samsung, Sequoia Capital, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, Aegis Ventures, Alumni Ventures, and Tangent Ventures, and others.

Anjuna: Universal Confidential Computing Platform Company Raises $25 Million (Series B2)

By Amit Chowdhry ● Aug 15, 2024

Anjuna - which is the creator of Anjuna Seaglass (a Universal Confidential Computing Platform) announced that it has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led by M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, SineWave Ventures, and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund), with participation from existing investors Founder Collective, Insight Partners, Playground Global, and Uncorrelated.

Riverlane: Quantum Error Correction Company Secures $75 Million (Series C)

By Amit Chowdhry ● Aug 15, 2024

Riverlane, the global leader in quantum error correction technology, announced that it has raised $75 million in Series C funding to deliver its groundbreaking quantum error correction (QEC) roadmap. The funding will enable Riverlane to expand operations to meet surging global market demand for QEC technology, with the goal of achieving one million error-free quantum computer operations by 2026.

Red Queen Therapeutics: $55 Million (Series A) Closed To Develop Novel Antiviral Treatments

By Amit Chowdhry ● Aug 15, 2024

Apple Tree Partners (ATP) - a leader in life sciences venture capital - has unveiled Red Queen Therapeutics, a clinical-stage biotechnology company developing novel antiviral treatments for the general population and especially for immunocompromised patients who are at increased risk of severe illness or death from common and emerging viral pathogens. Red Queen operates with a $55 million Series A commitment from ATP. The company also has additional funding from the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, specifically for the preclinical development of a pan-influenza therapeutic.

Cala Systems: Intelligent Heat Pump Water Heater Company Closes $5.6 Million (Seed)

By Amit Chowdhry ● Aug 15, 2024

Cala Systems, a creator of highly intelligent heat pump water heaters that ensure comfort, save energy, reduce emissions, and integrate with the home, today announced $5.6 million in seed funding and the commercial launch of its product. The funding round was led by the Massachusetts Clean Energy Center (MassCEC) and Clean Energy Venture Group. It included Burnt Island Ventures, Leap Forward Ventures, CapeVista Capital, Collaborative Fund, and Climate Capital.

Neon: Serverless Postgres Database Company Raises $25.6 Million Strategic Investment

By Amit Chowdhry ● Aug 15, 2024

Neon, a serverless Postgres database built for developers, announced a $25.6 million strategic investment led by M12, Microsoft’s Venture Fund. Existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital participated in the follow-up investment. This investment brings Neon's total funding to $130.6 million since its founding in 2021.

Streamkap: Real-Time Data Streaming Provider Raises $3.3 Million

By Amit Chowdhry ● Aug 15, 2024

Streamkap, a real-time data streaming provider, announced it raised $3.3 million in seed and pre-seed funding for its low-cost and low-maintenance streaming ETL platform. The investors include InReach Ventures, TEN13, Haatch, and Begin Capital. The company has also attracted angel investors with positions at companies like Datadog, Anthropic, and ClickHouse.

WorkJam: $20 Million Investment Raised From EDC

By Amit Chowdhry ● Aug 15, 2024

WorkJam , a leading digital frontline workplace, announced it has received a $20 million investment from Export Development Canada (EDC) to expand its international operations. WorkJam will use the new funding to fuel its global marketing efforts in Europe and Asia.

IONETIX: Cyclotron Company Raises Funding Led By Tees River And Lilly

By Amit Chowdhry ● Aug 15, 2024

IONETIX, a leading cyclotron technology innovator and isotope manufacturer for diagnostic and therapeutic applications, announced a round of funding. The investors included Eli Lilly and Company and existing shareholders led by Tees River Limited.

SYSO: Renewable Energy And Battery Storage Company Secures $14.5 Million (Series B)

By Amit Chowdhry ● Aug 15, 2024

SYSO, a leading market operator of renewable energy and battery storage assets, announced the completion of its Series B funding round at $14.5 million.

Companion Protect: B2B2C Pet Insurance Company Raises $20.25 Million (Series A)

By Amit Chowdhry ● Aug 15, 2024

Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 million extension round from Series A investors. This follows last year's $27 million Series A funding round from Avanta Ventures, Liberty Mutual Insurance, Old Republic International, and Stray Dog Enterprises.

MYAVANA: AI-Based Hair Care Company Secures $5.9 Million (Seed)

By Amit Chowdhry ● Aug 14, 2024

MYAVANA, the trailblazer in AI-driven personalized hair care, announced it has closed a $5.9 million seed round. This funding round validates MYAVANA's pivotal role in transforming the global hair care market.

ZOE: Science And Nutrition Company Raises $15 Million (Series B Extension)

By Amit Chowdhry ● Aug 14, 2024

Science and nutrition company ZOE announced new investment from US-based Coefficient Capital. The New York based investment firm is investing $15 million and is adding ZOE to its lineup of technology-enabled consumer brands that it believes have the power to drive transformational consumer shifts.