Startups

MagicSchool AI: K-12 Educator And Student Platform Company Raises $15 Million In Series A

By Amit Chowdhry ● Jun 30, 2024

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and angel investors like Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo. The funding will support the development of more use cases for AI in education.

Waypoint Bio: $14.5 Million Seed Round Closed To Advance Drug Discovery With Spatial Pooled Screening Technology

By Amit Chowdhry ● Jun 29, 2024

Waypoint Bio, a biotechnology company pioneering novel cell therapies for solid tumors using in vivo spatial pooled screening technology, announced $14.5 million in seed funding led by Hummingbird Ventures with participation from other institutional investors, including Recode Ventures and pre-seed lead Fifty Years.

KarmaCheck: Background Check Company Closes $45 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced that it has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.

Clearstory: Change Order Communication Construction Platform Company Raises $16 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

Clearstory, a change order communication platform for the construction industry that connects companies to collaborate on out-of-contract work, announced it closed a $16 million Series B funding round, bringing the total capital raised to $35 million. This funding round was led by Prudence, with participation from Industry Ventures and existing investors, including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

AuthZed: Permissions Systems As A Service Company Secures $12 Million In Series A

By Amit Chowdhry ● Jun 29, 2024

AuthZed, a company helping enterprises rapidly build user experiences with simple, fast, and secure permissions systems, announced it has closed $12 million in funding led by General Catalyst with continued participation from Work-Bench, Y Combinator, and Amplify Partners. This Series A funding round brings AuthZed’s total amount raised to $15.8 million.

Axelera AI Raises $68 Million In Series B To Advance Hardware Acceleration Technology

By Amit Chowdhry ● Jun 29, 2024

Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.

e-Zinc: Energy Storage Solutions Company Raises $31 Million

By Amit Chowdhry ● Jun 29, 2024

e-Zinc, a company enabling sustainable, long-duration energy storage with its zinc-air battery, announced it has raised an additional $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 funding round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. Plus, e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ontario.