Startups

Cytactic: Cyber Crisis Readiness Company Raises $16 Million In Seed Funding

By Amit Chowdhry ● Jul 12, 2024

Cytactic, a platform pioneering cyber crisis readiness and management, announced a $16 million seed funding round led by cybersecurity venture capital fund Evolution Equity Partners.

AIRS Medical: AI-Based Healthcare Solutions Company Secures $20 Million

By Amit Chowdhry ● Jul 12, 2024

AIRS Medical, a company focused on artificial intelligence (AI) and robotics for healthcare applications, announced the completion of its Series C funding round, securing $20 million from seven institutional investors in Korea. This investment, which was led by BSK Investment and Shinyoung Securities, emphasizes confidence not only in the company's flagship product SwiftMR, but also in its larger goa to transform preventive healthcare through technology innovation.

Skild AI: $300 Million In Series A Raised At $1.5 Billion Valuation To Build A Foundational Model For Robotics

By Amit Chowdhry ● Jul 12, 2024

Skild AI, an AI robotics company building a scalable foundation model for robotics, today announced it has closed a $300 million Series A funding round. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (via Bezos Expeditions), with participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University. The funding brings the company to a valuation of $1.5 billion.

Volumez: Cloud-Aware Data Infrastructure Company Raises $40 Million

By Amit Chowdhry ● Jul 12, 2024

Volumez, a modern cloud-aware data infrastructure company, announced that it has completed its $40 million Series A financing round led by Koch Disruptive Technologies (KDT) with new investors including Samsung Venture Investment Corporation and J-Ventures, and participation from existing investors Pitango First and Viola Ventures. This additional $20 million funding comes following the first tranche of $20 million funding led by KDT in April 2023.

SKROL: $1.2 Million In Pre-Seed Raised To Help SMBs With The Acquisition Process

By Amit Chowdhry ● Jul 12, 2024

SKROL, an AI-powered platform transforming how small and mid-size businesses (SMBs) are acquired and transformed, announced its launch out of stealth. The company also revealed that it raised a pre-seed funding round led by Magnetic Capital (led by David Rosskamp) - which is a venture fund that was also an early investor of Grover, a company that was also founded by SKROL CEO and founder Michael Cassau.

Innatera: Ultra-Low Power Neuromorphic Processor Company Raises $21 Million

By Amit Chowdhry ● Jul 12, 2024

Innatera, a leading innovator in ultra-low power neuromorphic processors, recently announced the oversubscription of its Series A funding round at $21 million. This funding includes the initial Series A investment of $16 million that the company announced in March this year, augmented by an additional $5 million from new investors who joined the round. This Series A extension was led by investors Innavest and InvestNL, who joined existing Series A investors, including EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises.

Biostate AI: Scalable Biodata Foundry Company Raises Over $4 Million

By Amit Chowdhry ● Jul 12, 2024

Biostate AI, a scalable biodata foundry startup, emerged from stealth recently with the launch of two service products: Total RNA sequencing and Copilot for RNAseq data analysis. Biostate AI also revealed it has raised over $4 million in venture funding. Matter Venture Partners led the funding round, with participation from institutional investors Vision Plus Capital, Catapult VC, and the California Institute of Technology through the Caltech Seed Fund. Individual investors in the round included Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).

Beacon Therapeutics: Ophthalmic Gene Therapy Company Raises $170 Million

By Amit Chowdhry ● Jul 12, 2024

Beacon Therapeutics, a leading ophthalmic gene therapy company with a goal of saving and restoring the vision of patients with blinding retinal diseases, announced it has raised $170 million in Series B funding.

VenoStent: $20 Million Series A Raised To Develop Therapeutic Device For Improving Dialysis Patient Outcomes

By Amit Chowdhry ● Jul 11, 2024

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A financing at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal. Plus, the company was awarded a $3.6 million Small Business Innovation Research (SBIR) Phase II Grant by the National Institutes of Health (NIH), which will help fund its multi-center, 200-patient, randomized controlled trial (RCT) in the US.

Phaidra: $12 Million Secured To Help Data Centers Improve Energy Efficiency

By Amit Chowdhry ● Jul 11, 2024

Phaidra (an AI-based control system that helps facilities like data centers improve energy efficiency and increase compute infrastructure) announced $12 million in new funding led by Index Ventures, bringing the total capital raised to $60.5 million.

Myricx Bio Raises £90 Million In Series A To Develop Pay Class For Antibody-Drug Conjugates

By Amit Chowdhry ● Jul 11, 2024

Life science investor Novo Holdings announced that it has co-led a £90 million ($114 million) Series A financing for Myricx Bio, the largest European biotech Series A funding this year. Myricx Bio is a UK biotech company focusing on the discovery and development of a novel payload class for antibody-drug conjugates (ADCs).

HarmonyCares: $200 Million Raised For Advancing In-Home Primary Care Access

By Amit Chowdhry ● Jul 11, 2024

HarmonyCares, a leading provider of value-based in-home longitudinal care, announced that it has raised $200 million of capital to bring its integrated, physician-led in-home care model to more vulnerable patients nationwide.

Niva: Business Identity Platform Company Raises Over $3.3 Million

By Amit Chowdhry ● Jul 11, 2024

Global business identity platform company Niva has officially launched and the company introduced an AI-based solution built to overcome the challenges of establishing trust in businesses internationally. With renowned customers and over $3.3 million in funding led by Gradient Ventures (Google’s AI-focused venture fund) along with participation from Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire, Niva is prepared to transform the complex landscape of global commerce.

K Health: AI Primary Care Platform Company Raises $50 Million

By Amit Chowdhry ● Jul 11, 2024

K Health, a leading AI Primary Care platform, announced that it has raised $50 million in funding led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.

Togetherwork: Member-Based Organization Payment Platform Company Raises Funding

By Amit Chowdhry ● Jul 11, 2024

Togetherwork, a leading provider of integrated software and payment solutions to groups and organizations, announced that Park Square Capital has made a significant minority investment in the company, joining GI Partners as investors.

Tembo: Postgres Managed Service Company Raises $14 Million

By Amit Chowdhry ● Jul 11, 2024

Tembo, a Postgres managed service, announced the successful closure of a $14 million Series A funding round. And GreatPoint Ventures led the investment with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with prominent angels.

Granza Bio: Therapeutic Delivery Platform Company Closes Over $7 Million In Seed Funding

By Amit Chowdhry ● Jul 11, 2024

Therapeutic delivery platform company Granza Bio announced the closing of its oversubscribed $7.14 million Seed led by Felicis and Refactor, along with Y Combinator and notable angel investors. The funding round also includes participation from other investors, including Metaplanet, Zeno Ventures, Ritual Capital, Pioneer Fund, Oxford Angel Fund, and North South Ventures. Notable angels joined the round including Richard Aberman (former YC Visiting Group Partner), JJ Fliegelman (former YC Visiting Group Partner), Eric Migicovsky (former YC Group Partner), Eric Eldon (former editor of TechCrunch), Eli Brown (founder of Guilded), Eoghan Mccabe (founder of Intercom), Benjamin Bryant (co-founder of Earbits), Yotam Rosenbaum (co-founder of Earbits), Will Olsen (co-founder of Engage Bio) and Joel Meyer.