Venture Capital

Trace Machina: Simulation Infrastructure Company Raises $4.7 Million (Seed)

By Amit Chowdhry ● Aug 26, 2024

Trace Machina, a company building simulation infrastructure for safety-critical technologies in physical-world AI, launched out of stealth mode with $4.7 million in funding. Wellington Management led the seed funding round with participation from Samsung Next, Sequoia Capital Scout Fund, Green Bay Ventures, and Verissimo Ventures. And angel investors include Clem Delangue (CEO of Hugging Face); Mitch Wainer (Co-Founder of DigitalOcean); Gert Lackriet (Director of Applied Machine Learning at Amazon); and other industry leaders from OpenAI and MongoDB.

General Catalyst Partners Invests $120 Million In Re:Build

By Amit Chowdhry ● Aug 25, 2024

Re:Build Manufacturing is a company with a vision of re-energizing American manufacturing with high-tech design and engineering capabilities across critical industrial sectors like aerospace, healthcare, defense, and cleantech. Core to its mission is creating enduring jobs while strengthening vulnerable supply chains. General Catalyst announced it is investing $120 million to help support Re:Build’s vision.

VividQ: Computational Holography Company Closes $7.5 Million (Series A) In Funding

By Amit Chowdhry ● Aug 25, 2024

VividQ, an innovator in the computational holography space, announced the completion of an additional $7.5 million in Series A funding. This funding round was led by Foresight Group and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors. And this round brings the company’s total funding to over $30 million.

Otto: Travel-Based AI Agent Company Raises $6 Million (Seed)

By Amit Chowdhry ● Aug 25, 2024

Otto, a company that is building an intelligent and autonomous AI travel agent for business travelers, announced that it has raised a $6 million seed round led by Madrona Ventures, with participation from Direct Travel and angel investors from across the business travel industry like Erik Blachford (former CEO of Expedia), IAC Travel and Couchsurfing; Barney Harford (former CEO of Orbitz and COO of Uber); and Hugh Crean (CEO of Operix and former CEO of Farecast-acquired by Microsoft).

TickPick: Event Ticket Marketplace Company Raises $250 Million

By Amit Chowdhry ● Aug 23, 2024

Brighton Park Capital (an investment firm focused on entrepreneur-led and growth-stage companies) announced a $250 million investment in TickPick (the modern transparent ticket marketplace transforming the event ticketing industry) to accelerate growth and scale operations. This deal represents the largest fundraising effort in the ticketing industry so far.

Miami International Raises $100 Million From Warburg Pincus

By Amit Chowdhry ● Aug 23, 2024

Miami International Holdings (MIH) - a technology-driven leader in building and operating regulated financial markets across multiple asset classes - announced a $100 million investment from Warburg Pincus. Warburg Pincus could expand its investment in MIH to support additional growth subject to certain conditions.

Deep Fission: Nuclear Energy Company Raises $4 Million (Pre-Seed)

By Amit Chowdhry ● Aug 23, 2024

Nuclear energy company Deep Fission announced its emergence from stealth mode and a $4 million pre-seed round led by 8VC. At the forefront of advanced energy technology, Deep Fission is aiming to redefine the future of nuclear power with an unique approach - which is placing reactors a mile underground.

MolecuLight: Point-Of-Care Fluorescence Imaging Company Raises $11.7 Million (Series C)

By Amit Chowdhry ● Aug 23, 2024

MolecuLight, a leader in point-of-care fluorescence imaging, announced the closing of a $11.7 million Series C funding round led by new investors Export Development Canada (EDC), Prosegur, and Azahar. Existing investors also participated in the round, demonstrating continued confidence in the company's growth.

David: $10 Million (Seed) Raised To Build Tools For Increasing Muscle

By Amit Chowdhry ● Aug 23, 2024

David, a platform that designs tools to increase muscle and decrease fat, announced a $10 million seed funding round. This investment was led by David CEO and co-founder Peter Rahal, with additional participation from Valor Siren Ventures, Peter Attia, M.D., and Andrew Huberman, Ph.D.

Pathalys Pharma: $105 Million (Series B) Raised To Develop Treatments For Kidney Disease

By Amit Chowdhry ● Aug 23, 2024

Pathalys Pharma, a private biopharmaceutical company in the late stages of developing treatments for kidney disease, announced it closed a $105 million Series B funding round. This oversubscribed financing was led by TCGX and joined by other notable investors including, JP Morgan Life Sciences Private Capital, Samsara BioCapital, Marshall Wace, KB Investment, JPS Growth Investment Limited Partnership, and included support from Pathalys' founding investors, Catalys Pacific and DaVita Venture Group.

Dermody Properties: $1 Billion Closed For Industrial Fund IV

By Amit Chowdhry ● Aug 23, 2024

Dermody Properties - a diversified private equity investment management company focused on the national logistics real estate sector - announced the successful closure of its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments.

Kubiya: Conversational AI Solution Company Raises $12 Million (Seed)

By Amit Chowdhry ● Aug 23, 2024

Kubiya, a leading Conversational AI solution for DevOps teams, announced it has closed a $12 million seed round with a $6 million extension of equity and debt financing and launched a new platform, AI Teammates. Heavybit led Kubiya’s current financing, with Hyperwise VC participating.

Rise Growth Reveals Inaugural Strategic Minority Investment In Bleakley Financial

By Amit Chowdhry ● Aug 23, 2024

Rise Growth Partners, a wealth management industry’s first synergistic financial partner for growth-oriented registered investment advisors (RIAs), announced an inaugural strategic minority investment in Bleakley Financial Group.

Lendbuzz: $400 Million Forward Flow Agreement Signed With Viola Credit

By Amit Chowdhry ● Aug 23, 2024

Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when buying a vehicle, announced that it has secured a new $400 million forward flow program with Viola Credit, a global alternative asset manager specializing in providing asset-based lending solutions to innovative technology-enabled lenders.

EDGLRD Secures Growth Investment From Reuben Brothers

By Amit Chowdhry ● Aug 23, 2024

Edgelord (EDGLRD), a digital IP-based studio led by Harmony Korine, announced a strategic investment from Reuben Brothers with participation from founding investor Samizdat. This investment provides significant funds into EDGLRD’s technology platform and IP portfolio.

Mindset Care: $13 Million Raised To Streamline Social Security Disability Benefits For Those With Mental Illnesses And Their Caregivers

By Amit Chowdhry ● Aug 23, 2024

Mindset Care, a platform designed to simplify the application process for Social Security Disability benefits for individuals with mental illnesses and their caregivers, announced $13 million in funding. Launched from Science Inc.’s startup studio, Mindset’s latest funding round was led by Science Inc., with additional funding from Wellington Management, Tubbs Ventures, Enable Ventures, XYZ, and LivEdge Capital.

Enteligent: Solar-Powered EV DC-To-DC Charger Company Raises $6 Million

By Amit Chowdhry ● Aug 23, 2024

Enteligent, a developer of solar-powered DC-to-DC chargers for electric vehicles (EVs), announced it has raised $6 million in funding from investors to scale the commercialization of its photovoltaic (PV) module-level power optimizers and its DC-to-DC based bi-directional EV chargers. This funding round was led by Taronga Ventures. This recent funding round brings the company’s total fundraising to $19 million since 2021, with historical investment from NOVA, an affiliate of global building materials company Saint-Gobain.

Accession Risk Management: Specialty Insurance Company Closes $1 Billion In Financing

By Amit Chowdhry ● Aug 22, 2024

Accession Risk Management Group - the parent company of Risk Strategies and One80 Intermediaries, comprising North America’s ninth-largest privately held insurance broker - has closed a $1 billion incremental debt raise and refinancing. This funding will accelerate a growth trajectory driven by the continued acquisition of leading specialty brokerages and targeted organic expansion.

Solace: Digital Health Platform Company Raises $14 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Solace, a digital health platform connecting patients with expert healthcare advocates, announced today that it has raised $14 million in Series A funding. Solace was launched in 2022 to improve health outcomes for individuals and families through a human-centric and personalized navigation approach.

FCAH Aerospace Partners Invests In Innodyne Systems

By Amit Chowdhry ● Aug 22, 2024

O2 Investment Partners announced that, through FCAH Aerospace, it has invested in and partnered with Innodyne Systems to support its strategic growth plan.

Borealis Biosciences: RNA Medicines Company Raises $150 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Borealis Biosciences, a next-generation RNA medicines company, has emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis, and committed strategic research collaboration funding from Novartis.

Tigertail Capital Partners Launches With Emphasis On HVAC Distributors

By Amit Chowdhry ● Aug 21, 2024

Miami-based investment firm Tigertail Capital Partners (TCP) announced an official launch. TCP is focused on investing in founder-owned businesses across highly fragmented industries with limited tech-enablement to date. It is being led by Alex Gatof, Andrew Och, and Zach Katz, who collectively have 25+ years of experience in private and public market investing, as well as software and data engineering.

Human Longevity: Longevity Focused Company Completes $39.8 Million (Upsized Series B) Funding Round

By Amit Chowdhry ● Aug 21, 2024

Human Longevity Inc. (HLI), a longevity-focused technology company, announced today the completion of an oversubscribed $39.8M Series B round led by TVM Capital Healthcare with participation from new and existing investors, including Panacea Venture and Emerging Technology Partners. This funding round will invest in HLI's artificial intelligence health risk and recommendation platform, new longevity-focused technologies and services, and new expansion sites globally.

CruxOCM: Control Room Co-Pilot Platform Secures $17 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

CruxOCM, a leader in co-pilot technology for control room operators, announced the closing of a $17 million Series A funding round. The funding round was led by M12 (Microsoft's Venture Fund), with participation from new investors, including ONEOK, Raven Indigenous Capital Partners and EIC Rose Rock Fund and with continued support from existing investors Angular Ventures, Bullpen Capital, Root Ventures, Industry Ventures, Cendana Capital, Pipeline Capital Partners, and Golden Ventures.

Consensus: AI-Based Scientific Research Search Engine Raises $11.5 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

Consensus, an AI-based search engine for scientific research, announced that it raised $11.5 million in new Series A funding. This funding round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by other investors, including Nat Friedman and Daniel Gross, and previous Seed investors Draper Associates, Kevin Carter, Path Ventures, and Alumni Ventures.

Kiteworks: Secure Content Communications Company Raises $456 Million

By Amit Chowdhry ● Aug 21, 2024

Secure content communications leader Kiteworks announced a $456 million growth equity investment from Insight Partners and Sixth Street Growth. This funding (a partial liquidity event) will strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorized by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.

JetZero Raises Funding From Alaska Airlines To Develop New Blended-Wing Body Aircraft

By Amit Chowdhry ● Aug 21, 2024

Alaska Airlines announced an investment in JetZero, a company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. This investment reflects Alaska's commitment to advancing new technology that will benefit the future of aviation, including those that enable the airlines' path to net zero carbon emissions. Alaska invested as part of JetZero's Series A last year and it is the first airline to do so.

Eppo: Experimentation Platform Company Closes $28 Million (Series B)

By Amit Chowdhry ● Aug 21, 2024

Experimentation platform company Eppo announced that it has raised $28 million in a Series B investment round. The round was led by Innovation Endeavors, with Icon VC participating as a participating investor. It also received additional support from existing investors Menlo Ventures and Amplify Partners.

BeyondMath: Advanced Engineering Simulation Company Closes $8.5 Million (Seed)

By Amit Chowdhry ● Aug 21, 2024

Advanced engineering simulation BeyondMath announced it has secured $8.5 million in seed funding led by UP.Partners, with significant participation from Insight Partners and InMotion Ventures (the investment arm of JLR). This funding supports BeyondMath's goal to reshape engineering practices globally with its AI-driven multiphysics simulation platform, accelerating engineering iterations by a factor of 1,000 compared to current solutions.

Create Health Ventures Closes First Fund Of $21 Million To Invest In Digital Health Companies

By Amit Chowdhry ● Aug 21, 2024

Create Health Ventures, a VC firm exclusively focused on early-stage digital health startups with founders from the healthcare industry, announced the closing of its first fund of $21 million and its goal of investing in innovations that improve access to care for everyone, enhance the patient experience and facilitate better patient health outcomes. And the firm invests in business-to-business (B2B) solutions that payers and pharmaceutical companies can utilize to meet business goals ranging from enhanced patient engagement and a more effective care journey to recruitment and retention in clinical trials as the need for participants accelerates.