Startups

Abnormal Security: $250 Million (Series D) Raised At $5.1 Billion Valuation To Prevent Inbound Attacks And Detect Compromised Accounts

By Amit Chowdhry ● Aug 12, 2024

Abnormal Security, a leader in AI-native human behavior security, announced the closing of its Series D funding round, with total expected proceeds of $250 million at a $5.1 billion valuation. This current round brings the total expected proceeds to $546 million and is led by Wellington Management, with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners and CrowdStrike Falcon Fund.

HubiFi: Financial Intelligence Company Secures $2.5 Million (Seed)

By Amit Chowdhry ● Aug 12, 2024

HubiFi, an advanced financial intelligence and revenue recognition solution, announced it has secured $2.5 million in a seed funding round co-led by Motivate Ventures, Anthemis (supported by Foxe Capital), and Rev1. The company revealed the launch of the Stripe Connector, enabling enterprise accounting and finance teams to measure revenue to cash with the click of a button.

Spineology: Medical Device Company Raises $25 Million (Series AA)

By Amit Chowdhry ● Aug 12, 2024

Spineology, a medical device company pioneering Conform and Expand spinal fusion technology, announced that it has raised $25 million in Series AA financing led by SV Health Investors, with participation from 1315 Capital and its existing investor, RC Capital.

Icebreaker: Open Professional Network Company Raises $5 Million (Seed)

By Amit Chowdhry ● Aug 12, 2024

Icebreaker - which is the world's first open professional network - announced a $5 million seed round, led by CoinFund. This funding round will help grow Icebreaker's world-class team and further its progress toward scaling the internet's open, verifiable, and trusted professional network. This funding round also includes participation from Accomplice, Anagram, Legion Capital, and more than 30 founder angels.

AIRNA: RNA Editing Therapeutics Company Raises $60 Million

By Amit Chowdhry ● Aug 12, 2024

AIRNA, a biotech company pioneering RNA editing therapeutics to restore the health of patients with rare and common diseases, announced the successful closing of an oversubscribed $60 million financing round, bringing the total Series A funding to $90 million.

Athena Security: Weapons Detection Systems Company Raises $10 Million (Seed)

By Amit Chowdhry ● Aug 12, 2024

Athena Security, a leader in concealed weapons detection system software inspired by the Homeland Security Best Practices, announced the completion of a $10 million seed funding round led by its founders Lisa Falzone and Chris Ciabarra. This funding round validates Chris and Lisa's confidence in Athena's CWDS technology and the growing demand for advanced security solutions.

Balderton Capital: $1.3 Billion In New Funds Announced For Backing European Companies

By Amit Chowdhry ● Aug 12, 2024

Balderton Capital, one of Europe’s leading technology venture capital firms, announced today its $615 million Early Stage Fund IX and $685 million Growth Fund II, to back ambitious entrepreneurs from seed stage through IPO across Europe.

Arch: $100 Billion In Platform Assets Surpassed And Team Expands

By Amit Chowdhry ● Aug 12, 2024

Arch, a digital admin platform modernizing private investment operations and investor communications, announced it has processed more than $100 billion in private markets assets on the platform.

BrightNight: $440 Million (Strategic Investment) Raised From Goldman Sachs Alternatives

By Amit Chowdhry ● Aug 12, 2024

BrightNight (a leading renewable power company designed to provide utility and commercial and industrial customers with clean and dispatchable renewable power solutions) raised a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.

Savvy Wealth: $26.5 Million (Series A) Closed To Provide Financial Advisors With Advanced AI Tools

By Amit Chowdhry ● Aug 12, 2024

Savvy Wealth (a digital-first platform for financial advisors centered around transforming human financial advice) announced an additional $15.5 million funding round led by Canvas Ventures. This latest funding round, which closes the company’s $26.5 million Series A round, will accelerate the development of its artificial intelligence AI-based technology platform, expand its product and engineering teams, and recruit entrepreneurial advisors to its national affiliate registered investment advisor (RIA), Savvy Advisors. The funding round also saw participation from existing and new investors, including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures.