Startups

Foray Bioscience: $3 Million Closed To Help Restore Ecosystems Through Biomanufacturing

By Amit Chowdhry ● Jul 8, 2024

Foray Bioscience, a company sowing the seeds for plantless plant products, announced it has raised $3 million in seed funding led by ReGen Ventures. And additional investors include The Engine Ventures, Susquehanna Sustainable Investments, Understorey Ventures, Superorganism, and others.

Formic: Robots-As-A-Service Automation Company Closes $27.4 Million

By Amit Chowdhry ● Jul 8, 2024

Formic, a Robots-as-a-Service (RaaS) automation company, announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC and Translink Orchestrating Future Fund, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding round brings the total Series A round to more than $52 million since January 2022.

LiveEO: Satellite Data Company Raises €25 Million

By Amit Chowdhry ● Jul 8, 2024

LiveEO – a company that uses high-resolution satellite data and AI to transform raw satellite data into automated actionable insights to help companies manage their climate risks and resilience – announced it has raised €25 million in a Series B funding round led by NordicNinja and DeepTech & Climate Fonds (DTCF). This funding round will accelerate the development of LiveEO's solutions, while expanding its team and capabilities.

Upword: Knowledge Management Company Raises $3 Million

By Amit Chowdhry ● Jul 8, 2024

Knowledge management solutions provider Upword announced the launch of its AI-powered research companion tool and the completion of a $3 million pre-seed funding round.

COMPREDICT: AI-Based Software-Defined Vehicle Company Raises $15 Million

By Amit Chowdhry ● Jul 8, 2024

COMPREDICT, an AI-based company for software-defined vehicles, announced a $15 million Series B funding round led by Woven Capital (Toyota's growth fund), with continued support from existing investor Shift4Good.

Allora Labs: Self-Improving Decentralized AI Network Company Raises Total Of $35 Million

By Amit Chowdhry ● Jul 8, 2024

Allora Labs (previously known as Upshot), the contributors to the Allora Network, recently closed a strategic funding round, bringing the total company funding to $35 million. Allora Labs’ investors include Polychain, Framework Ventures, CoinFund, Blockchain Capital, Archetype, Slow Ventures, Mechanism Capital, Delphi Digital, and others.

Deskpro: $25 Million Closed To Develop Flexible Help Desk Software

By Amit Chowdhry ● Jul 8, 2024

Deskpro announced the closing of a $25 million Series A funding round led by Elsewhere Partners to meet the demand for its comprehensive suite of proven help desk solutions. And Deskpro will use the growth funding to strengthen its customer experience team, expand its AI-powered help desk solutions and penetrate more key markets, with a focus on expansion in the US. Deskpro also announced the appointment of software industry leader Brad Murdoch as CEO and established a new global headquarters in Austin, Texas.

opus1.io: Strategic Investment Raised From Five Elms Capital

By Amit Chowdhry ● Jul 8, 2024

opus1.io, an end-to-end practice management platform for lesson and class-based performing arts businesses, announced a strategic investment from Five Elms Capital, a leading software investment firm. This funding will support further investment in opus1.io's platform, which helps performing arts professionals operate and grow their businesses more efficiently.

k-ID: Instant Sign-On Solution Company Raises $45 Million

By Amit Chowdhry ● Jul 7, 2024

k-ID, a cross-platform and instant sign-on solution for kids and teens built as an all-in-one answer for solving the complex issue of privacy and online safety worldwide, announced a $45 million Series A funding round. This latest of three funding rounds in less than nine months comes due to unprecedented traction from major publishers.

Function: Health Assessment Company Raises $53 Million

By Amit Chowdhry ● Jul 6, 2024

Function is a first-of-its-kind platform transforming how people manage their lifelong health starting with providing the deepest possible understanding of their body and what they should do to improve their health. Function also revealed the closing of its Series A round led by Andreessen Horowitz (a16z) Bio + Health with support from the a16z Cultural Leadership Fund, bringing its total funds to $53 million. And additional investors include Wisdom.vc, Draft Ventures, K5, G9 Ventures, 53 Stations, Matt Damon (Actor), Ari Emanuel (CEO of Endeavor), Kevin Hart (Comedian and actor), Joel Embiid's (NBA's 2023 MVP) Embiid Ventures, Jay Shetty (award-winning podcast host), Blake Griffin (former NBA), Zac Efron (Actor), Jimmy Rollins (former MLB), Colin Kaepernick (former NFL), Dr. Casey Means, Pedro Pascal (Actor), Ara Katz (Co-founder of Seed), Harvey Spevak (Equinox's Chairman), Harpreet Singh Rai (Former CEO of Oura), Jeff Dean, and others.

Exsilio Therapeutics: $82 Million Closed To Develop Genomic Medicines For Broad Range Of Diseases

By Amit Chowdhry ● Jul 6, 2024

Exsilio Therapeutics, a biotechnology company developing genomic medicines for a broad range of diseases, announced its emergence from stealth with $82 million in Series A financing. This funding round was co-led by Novartis Venture Fund and Delos Capital, with participation from OrbiMed, Insight Partners, J.P. Morgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight. Exsilio was seed funded by OrbiMed.

Sift: Hardware Sensor Observability Platform Secures $17.5 Million

By Amit Chowdhry ● Jul 6, 2024

Sift, the first unified observability platform for hardware sensor data, announced it had raised $17.5 million in Series A funding led by GV (Google Ventures). This funding round brings Sift's total funding to $25 million.

CereTax: Sales Tax Solution Company Secures $9 Million

By Amit Chowdhry ● Jul 6, 2024

Next-generation sales tax solution CereTax announced a $9 million financing led by S3 Ventures, with participation from Wild Basin Investments and Leaders Fund.

Endogenex: $88 Million Raised To Improve Outcomes In Individuals With Type 2 Diabetes

By Amit Chowdhry ● Jul 6, 2024

Endogenex, a clinical-stage medical device company dedicated to improving outcomes in individuals with type 2 diabetes, announced it closed an oversubscribed Series C financing totaling $88 million.

TwoStep Therapeutics: $6.5 Million Secured To Advance Applicable Targeting Platform for Solid Tumors

By Amit Chowdhry ● Jul 5, 2024

TwoStep Therapeutics, a biotechnology company developing new targeted therapeutics for solid tumors, announced its official launch following a successful $6.5 million seed round led by NFX, with participation from other investors including 2048 Ventures, Alexandria Venture Investments, Cooley’s affiliated fund GC&H Investments, and the family office of the founder of Arcadia Investment Partners.

Route: Package Tracking Platform Company Raises $40 Million At $1.4 Billion Valuation

By Amit Chowdhry ● Jul 5, 2024

Route, a leading post-purchase package tracking and protection solution, announced a $40 million Series C funding round at a valuation of $1.4 billion. The funding round was led by Hanaco VC with participation from JAWS Ventures, Madrona Ventures, and Granger.

BoldHue Raises Nearly $3.4 Million In Oversubscribed Seed Round

By Amit Chowdhry ● Jul 5, 2024

BoldHue, a female-founded technology company transforming the beauty-tech industry with its personalized foundation device, announced it has successfully closed an oversubscribed seed round, raising nearly $5.2 million in funding to date.

Prodia: Distributed GPU Cloud Company Raises $15 Million

By Amit Chowdhry ● Jul 5, 2024

Prodia, a leading distributed network of GPUs for AI inference solutions, today announced it raised a $15 million seed round led by Dragonfly Capital to build more scalable, affordable AI solutions powered by Web3. Investment firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern Equity, Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), Matthew Roszak, Jeremy Voss (Director of Gen AI at Meta), Amit Vasudev (founder of Clearbit), Thomas France founder of Ledger, Leon Marshall (CEO of Galaxy Europe), Nicolas Pinto, Kenzi Wang, Jermaine Brown, and more

Thiozen: MIT Clean Hydrogen Spinout Raises $3.2 Million

By Amit Chowdhry ● Jul 3, 2024

Thiozen, the first company to produce clean hydrogen from "sour gas" waste streams, announced it has received $3.2 million in funding for a clean hydrogen project in Alberta, Canada. Administered by Emissions Reduction Alberta (ERA) and Alberta Innovates, this funding is part of a $57 million commitment by the Government of Alberta to support 28 projects that advance the hydrogen economy, reduce emissions, and create jobs in Alberta.

EpilepsyGTx: $10 Million Raised To Develop Therapies For Treating Focal Refractory Epilepsy

By Amit Chowdhry ● Jul 2, 2024

EpilepsyGTx, a biotechnology company focused on the research and development of gene therapies to treat focal refractory epilepsy, announced it has raised $10 million in seed funding. The funding was led by the UCL Technology Fund, with participation from Health Technology Holding.

TMRW Sports Raises Series A Funding At $500 Million Valuation

By Amit Chowdhry ● Jul 2, 2024

TMRW Sports, a company focused on building progressive approaches in sports, media, and entertainment, announced the closing of its Series A investment round. The funding round was co-led by Dynasty Equity, which recently closed a strategic minority investment in Liverpool FC, and Connect Ventures - which co-led the initial fundraising round for TMRW Sports and included participation from other leading institutional investors, sports team owners, business leaders, etc. TMRW Sports was founded by Tiger Woods, Rory McIlroy, and Mike McCarley.

Zing Coach: AI-Based Fitness App Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Zing Coach, a health tech company reducing growing rates of physical inactivity with its AI-powered fitness app, announced that it has raised a Series A funding round in equity and debt financing totaling $10 million led by Zubr Capital and Triple Point Capital.

Authentica Solutions: Education-Focused Data Integration Company Raises $6.2 Million

By Amit Chowdhry ● Jul 1, 2024

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, announced the successful completion of a $6.2 million Series Seed funding round led by Owl Ventures.

Feon Energy: Battery Electrolyte Stanford Spin Out Raises $6.1 Million In Seed Funding

By Amit Chowdhry ● Jul 1, 2024

Feon Energy, an advanced battery electrolyte startup that spun out of Stanford University, announced the recent closing of a $6.1 million seed round enabling the development of next-gen batteries. The funding round was led by Fine Structure Ventures, with participation from Eight Roads, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund.

Li Industries: Lithium-Ion Battery Recycling Company Secures $42 Million In Series B

By Amit Chowdhry ● Jul 1, 2024

Li Industries announced it closed a Series B funding round with an additional $6 million commitment from investors. The company's new investors include General Motors (GM) Ventures, DNX Ventures, and Tech Energy Ventures.

Pear Commerce: Retail Enablement Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Pear Commerce, a retail e-commerce enablement platform for omnichannel brands, announced that it had closed a $10 million Series A funding round. The funding round was led by Stage 2 Capital. Additional participation in the round includes Heartland Ventures, Homegrown Ventures, Dundee Venture Capital, M25, and Daren Cotter.

illumex: $13 Million Closed To Automate Creation Of A Semantic Layer That Unifies Data Silos

By Amit Chowdhry ● Jul 1, 2024

illumex, a Generative Semantic Fabric platform for structured enterprise data, announced that it has raised $13 million in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and several angel investors.

RareCyte: $20 Million Raised To Expand Orion Spatial Biology Platform

By Amit Chowdhry ● Jul 1, 2024

RareCyte, a life sciences company offering advanced Precision Biology platforms, including instruments, reagents, software, and services, announced the completion of $20 million in funding from new and existing investors. New investor Forest Road has joined existing investors Arboretum Ventures and F-Prime Capital (which co-led the round) and investors HealthQuest Capital, 5AM Ventures, Agilent Technologies, Company founder Ron Seubert, Sheatree capital, and GKCC LLC.

Odaseva: Enterprise Data Security Platform Company Secures $54 Million In Series C

By Amit Chowdhry ● Jun 30, 2024

Odaseva, a leading enterprise data security platform for Salesforce, announced $54 million in Series C funding, bringing the total company funding to over $90 million. Silver Lake Waterman led the round with participation from existing investors F-Prime, Eight Roads and Serena Capital, and new investors Eurazeo and Crescent Cove.

Sila: Battery Materials Company Secures $375 Million In Series G

By Amit Chowdhry ● Jun 30, 2024

Sila, a next-generation battery materials company, announced it has raised $375 million in a close of its Series G round led by existing investors Sutter Hill Ventures and funds and accounts advised by T. Rowe Price Associates with participation by new investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others.