Startups

Monarch Tractor Raises $133 Million In Series C Funding

By Amit Chowdhry ● Jul 22, 2024

Monarch Tractor, the creator of the world's first fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform called MK-V announced $133 million in Series C funding, making it the largest round in agricultural robotics history. This funding was co-led by global impact investor Astanor and HH-CTBC Partnership, L.P., with additional support from prominent investors, including At One Ventures, PMV, and The Welvaartsfonds.

Standard Bots: Robotics Automation Company Closes $63 Million

By Amit Chowdhry ● Jul 22, 2024

Standard Bots, a robotics automation leader, announced it has raised $63 million in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next. Lachy Groom, Quiet Capital, 468 Capital, Lightscape Partners, and Box Group provided additional venture capital support.

Arrcus: Hyperscale Networking Company Closes $30 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

Arrcus, a hyperscale networking software company and a leader in core, edge, and multi-cloud routing and switching infrastructure, announced a significant new investment of $30 million from Prosperity7 Ventures, NVIDIA, Lightspeed, Hitachi Ventures, Liberty Global, Clear Ventures, and General Catalyst.

Element Biosciences: Over $277 Million In Series D Raised For Democratizing Access To Advanced Biological Tools

By Amit Chowdhry ● Jul 22, 2024

Element Biosciences, a developer of pioneering technologies to empower science, announced over $277 million in Series D funding to support its growing global customer base with disruptive DNA sequencing and multi-omics technologies for years to come. The oversubscribed funding round was led by Wellington Management with participation from new and existing investors, including Samsung Electronics, Fidelity, Foresite Capital, funds and accounts advised by T. Rowe Price Associates, Venrock, and others. This brings Element's cumulative raise to $680+ million.

HUI: Liquid Collaboration Company Raises €25 Million

By Amit Chowdhry ● Jul 22, 2024

HUI announced the closing of a €25 million equity capital commitment from Nimbus Capital, a Panama-based fund. This funding will further drive HUI's growth as the VC 3.0 Super App, utilized by thousands of entrepreneurs, startups, and investors for its unique market features.

Medal: AI Assistant Company Secures $13 Million At $333 Million Valuation

By Amit Chowdhry ● Jul 22, 2024

Medal - an AI company that is behind the popular MedalTV clipping app - announced the launch of Highlight, its groundbreaking AI assistant platform designed to alter how users interact with popular AI models. And Medal also announced a $13 million funding round from Horizons Ventures, OMERS Ventures, peak6, and Arcadia Investments, valuing the company at $333 million post-money.

Saronic: Defense Technology Leader Raises $175 Million At $1 Billion Valuation

By Amit Chowdhry ● Jul 22, 2024

Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), announced a $175 million Series B funding round, putting the company's valuation at $1 billion. And the funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, and others.

Buildots: AI-Based Construction Software Company Closes $15 Million

By Amit Chowdhry ● Jul 22, 2024

Buildots, an AI-based construction software company, announced a $15 million investment led by Intel Capital with participation from OG Tech Partners and previous investors. In connection with the funding, Lisa Cohen, Investment Director at Intel Capital, will join as a board observer.

Regard: AI-Based Clinical Insights Company Raises $61 Million

By Amit Chowdhry ● Jul 22, 2024

Regard, an AI-based clinical insights platform that empowers clinicians to unlock the full potential of patient data, announced the closing of a $61 million Series B financing round, led by Oak HC/FT, with participation from Cedars-Sinai Health Ventures, and existing investors TenOneTen Ventures, Calibrate Ventures, and Techstars.

CarbonBlue: Climate Tech Company Closes $10 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

Climate-tech company CarbonBlue has announced the completion of a seed funding round to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology, bringing the funding raised by the company to $10 million. This funding round was led by Ibex Investors and FreshFund, joined by strategic investors Engie New Ventures and ZIM Ventures (the corporate venture capital arm of ZIM Integrated Shipping Services), and included further investments by existing investors Jibe Ventures, MoreVC, and Secret Chord Ventures.

CTA Smart: Fuel Management Company Closes $3 Million In Funding

By Amit Chowdhry ● Jul 22, 2024

CTA Smart, a leading technology company in the fuel sector, announced it has secured a $3 million investment in a new funding round to boost its international growth. Led by Invisto and Indicator Capital, this funding will support CTA Smart's expansion into the American market and lay the groundwork for global expansion.

Heeler Security: Application Security Company Raises $8.5 Million In Seed Funding

By Amit Chowdhry ● Jul 22, 2024

Application security company Heeler Security announced today the successful closing of an $8.5 million Seed Series funding round, led by Norwest Venture Partners with significant participation from Storm Ventures.

Kandji: Apple Endpoint Management And Security Company Raises $100 Million At $850 Million Valuation

By Amit Chowdhry ● Jul 22, 2024

Kandji announced it has raised $100 million in capital from General Catalyst, with $50 million allocated to equity financing for its Series D and $50 million for go-to-market investment. This latest funding round brings Kandji’s valuation to $850 million. Deep Nishar from General Catalyst will join the company’s Board of Directors in connection with the funding.

Arkion: AI-Based Grid Inspection Data Solution Company Raises $4 Million

By Amit Chowdhry ● Jul 22, 2024

Arkion, formerly known as Skyqraft, an AI-powered software solution that transforms overhead power lines inspection data into condition assessments of all assets, announced the successful closing of a $4 million funding round. This round was led by Subvenio Invest, with participation from Neptunia Invest, and Antler.

Nagish: $16 Million Closed To Make Communication Accessible For Deaf And Hard-Of-Hearing Individuals

By Amit Chowdhry ● Jul 21, 2024

Nagish, a company using AI to make communication accessible for deaf and hard-of-hearing individuals, announced $16 million in funding. This includes $11 million in Series A funding led by Canaan Partners, with participation from existing investors K5 Global, Tokyo Black, Cardumen Capital, Vertex Ventures Israel, Contour Venture Partners, and Precursor Ventures, and the founders of Datadog and Looker.

Momento: $15 Million Raised To Make Real-Time Data Infrastructure Easier At Enterprise Scale

By Amit Chowdhry ● Jul 21, 2024

Momento, a real-time data platform founded by the engineering team that built DynamoDB, announced it raised $15 million in a Series A round led by Bain Capital Ventures to expand on its vision of hassle-free infrastructure for interactive experiences at a global scale. Existing investors Bain Capital Ventures and The General Partnership pre-empted the latest round, a sign of confidence in the company's growth. And additional angel investors include Marianna Tessel (EVP and General Manager at Intuit), Neha Narkhede (co-founder of Confluent), Tom Killalea (first CISO of Amazon), Don MacAskill (CEO of Flickr/SmugMug), and John Lilly (former CEO of Mozilla).

BOB: Hybrid Layer-2 Solution Company Raises $1.6 Million In Strategic Funding

By Amit Chowdhry ● Jul 21, 2024

BOB, a first-of-its-kind hybrid Layer-2 powered by Bitcoin and Ethereum, announced $1.6 million in combined strategic funding led by Ledger Ventures and angel round with funds deployed to broaden the Layer-2's presence throughout the Bitcoin and Ethereum ecosystems.

Armada: Edge Computing Company Raises $40 Million

By Amit Chowdhry ● Jul 21, 2024

Armada, an edge computing pioneer transforming the future of connectivity, computing and AI, announced a $40 million funding round led by M12 (Microsoft's Venture Fund), raising its total to over $100 million.

Healthworx Launches New Accelerator Program To Help Scale Healthcare Startups

By Amit Chowdhry ● Jul 21, 2024

Healthworx is an agile group of healthcare experts featuring equal parts investment arm, strategic partner, commercialization engine, and launch pad. The team has introduced a reimagined accelerator for healthcare startups seeking funding and mentorship.

Seismos: AI-Based Acoustic Sensing Company Raises $15 Million

By Amit Chowdhry ● Jul 21, 2024

Seismos and Edison Partners announced a new $15 million growth investment to enable and accelerate the energy industry’s shift from analog-focused exploration and production to digital infrastructure and autonomous production operations.

Hayden: Vision AI Platform Company Raises $90 Million

By Amit Chowdhry ● Jul 21, 2024

Hayden AI Technologies, a leader in vision AI solutions for smart cities, announced $90 million in new growth equity financing. This Series C round was led by The Rise Fund and was supported by existing investors such as the Drawdown Fund and Autotech Ventures, and others.

Rohirrim: RFP AI Automation Company Raises Strategic Funding

By Amit Chowdhry ● Jul 20, 2024

Rohirrim, a leading Request for Proposal (RFP) AI automation platform, announced that Bessemer Venture Partners and IBM Ventures made strategic investments in the company.

Nearfield Instruments: Metrology & Inspection Solutions Company Raises €135 Million

By Amit Chowdhry ● Jul 20, 2024

Nearfield Instruments, the developer of state-of-the art Metrology & Inspection (M&I) solutions for the semiconductor manufacturing industry, announced the successful closing of a €135 million Series C funding round. This oversubscribed funding round was led by two new major investors Walden Catalyst and Temasek. M&G Investments - through its Catalyst strategy - is acting as a co-investor. Existing investors Innovation Industries, Invest-NL, and ING also joined.

Rona Therapeutics: Nucleic Acid Drug R&D Company Raises $35 Million

By Amit Chowdhry ● Jul 19, 2024

Rona Therapeutics, a clinical stage pioneering platform company in nucleic acid drug research and development, today announced it raised $35 million in Series A+ funding. This funding round was led by LongRiver Investments, with participation from investors including Zhaode Investment, BioTrack Capital, Zhongqi Capital and Lilly Asia Ventures. LongRiver Investments will join the board of Rona in connection with the funding.

GRO Biosciences: Protein Therapeutics Company Raises $60 Million In Series B

By Amit Chowdhry ● Jul 19, 2024

GRO Biosciences (GRObio), a biotechnology company leveraging synthetic biology to expand the amino acid alphabet and deliver on the promise of protein therapeutics, today announced the closing of an oversubscribed $60.3 million Series B financing. This round was co-led by new investors Atlas Venture and Access Biotechnology. And previous investors including Leaps by Bayer, Redmile Group, Digitalis Ventures and Innovation Endeavors also participated.

Legacy: Digital Fertility Clinic For Men Raises $7.5 Million

By Amit Chowdhry ● Jul 19, 2024

Legacy, a digital fertility clinic for men, announced it had secured $7.5 million in financing to support its goal of making male fertility services more accessible. This includes fulfilling two recently signed contracts to serve over nine million veterans.

UC Bearcat Ventures Reveals First Investments

By Amit Chowdhry ● Jul 19, 2024

Bearcat Ventures is the University of Cincinnati's venture capital-focused student organization platform. It introduces students to the details of early-stage startup investments and equips them with the knowledge and skills to make informed financial decisions.

Mantle: Metal 3D Printing Company Raises $20 Million

By Amit Chowdhry ● Jul 19, 2024

Mantle, a leader in metal 3D printing technology for precision tooling, announced it has reached a significant milestone by securing $20 million in Series C funding. This funding round brought the total to over $61.5 million and it also marks a major step towards widespread adoption of its precision metal manufacturing technology.

MRO Holdings: Aviation Maintenance Provider Raises Growth Funding From Bain

By Amit Chowdhry ● Jul 19, 2024

MRO Holdings, a leading provider of aircraft maintenance solutions for the global commercial airline industry, has agreed to a strategic minority investment from Bain Capital to support the company’s ongoing development and expansion of customer-centric initiatives.

OnRamp: $14.2 Million Closed To Advance Customer Onboarding Platform

By Amit Chowdhry ● Jul 18, 2024

OnRamp, a company that delivers seamless customer onboarding by automating and streamlining the post-sales process, announced today it has raised $14.2 million across a seed and recent Series A funding rounds. Javelin Venture Partners led the Series A and Contour Venture Partners led the seed round. These firms were joined by Pear VC, Quiet Capital, Correlation Ventures, Frontier Ventures, J Ventures and others, and with strategic individuals including Claire Hughes Johnson (Stripe), Steve Fredette (Toast), and Louis Beryl (Four Cities Capital).