Venture Capital

Switchboard: Customizable Oracle Network Company Raises $7.5 Million

By Amit Chowdhry ● Jun 1, 2024

Switchboard, a customizable oracle network that lets users plug into the on-chain economy, announced it has raised $7.5 million in a Series A round led by Tribe Capital and RockawayX, with participation from Solana Foundation, Aptos Labs, Mysten Labs (Sui), Subzero Ventures, Starkware, Arche Capital, Breed VC, Ascensive Assets, BlockBuilders, and others.

Denim: $63 Million Warehouse Facility Raised From Silicon Valley Bank and Trinity Capital

By Amit Chowdhry ● May 31, 2024

Silicon Valley Bank (SVB), along with lending partner Trinity Capital, announced that it has provided Denim, a technology-forward factoring partner for freight brokers, with a $63 million warehouse facility.

ARPA Network: Decentralized Secure Computation Company Raises $6 Million

By Amit Chowdhry ● May 31, 2024

ARPA Network, a pioneer in decentralized secure computation, announced a $6 million strategic investment to support product expansion in fully on-chain gaming, Autonomous Worlds (AW), and cryptographic AI. The lead investors in the round include Nomura's Laser Digital and DeFiance Capital, with additional funding from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. ARPA Network is previously backed by Binance Labs, Arrington Capital, and DWF Labs.

Reibus Raises $30 Million And Names Jared Rowe As CEO

By Amit Chowdhry ● May 31, 2024

Reibus, a leading independent metals marketplace, announced the appointment of Jared Rowe as its new Chief Executive Officer (CEO) and Chairman of the Board. The company also revealed $30 million in new round of funding.

Patronus AI: $17 Million Raised To Deploy Reliable LLMs At Scale

By Amit Chowdhry ● May 31, 2024

Patronus AI recently announced it raised $17 million in Series A funding, bringing the total amount raised to $20 million.

The Desire Company: Expert Product Education Platform Raises Funding At $97 Million Valuation

By Amit Chowdhry ● May 30, 2024

The Desire Company - a pioneer in expert product education - announced it has concluded its Series B funding round, bringing its valuation to $97 million. And this funding round was led by Cleveland Avenue and supported by Valor Siren Ventures.

Aerodome: Drone-As-First-Responder Company Secures $21.5 Million

By Amit Chowdhry ● May 30, 2024

Aerodome, a leader in Drone-As-First-Responder (DFR) technology, announced that the company has raised $21.5 million in Series A funding to continue building DFR solutions and build up its engineering and go-to-market teams. CRV led the funding round with participation from Andreessen Horowitz (a16z), Karman Ventures, Immad Akhund (CEO, Mercury), and Ford Street Ventures. The company also raised its seed round in October, led by a16z and 2048 Ventures. And this round brought the total funding to $28 million.

Allez Health: Emerging Biosensor Company Raises $60 Million

By Amit Chowdhry ● May 30, 2024

Allez Health (formerly known as Zense-Life), an emerging biosensor venture founded by proven experts in the continuous glucose monitoring (CGM) space, announced a $60 million Series A+ financing. This funding round was led by Korean in-vitro diagnostics company Osang Healthcare Co., Ltd. as a strategic investor, with participation from existing investors. The new funding round is expected to be used to accelerate growth toward pivotal trials, support regulatory approval filings, and scale manufacturing operations.

Suno: AI-Based Music Creation Company Secures $125 Million

By Amit Chowdhry ● May 30, 2024

Suno, an AI-based music company, announced it has raised $125 million in funding. The funding was provided by Lightspeed Venture Partners, Nat Friedman and Daniel Gross, Matrix and Founder Collective.

H: France-Based AI Company Raises $220 Million In Seed Funding

By Amit Chowdhry ● May 30, 2024

H, a Paris, France-based company has raised $220 million in seed funding. This funding round comes just a few months after the company was founded.

Verse: $20.5 Million Secured For Helping Companies Reduce Electricity Costs

By Amit Chowdhry ● May 30, 2024

Verse - a company that developed software enabling organizations to understand, plan, and manage clean energy - announced it has raised a $20.5M Series A funding round. The funding was led by GV (Google Ventures) with participation from Coatue, CIV, and MCJ Collective and will support Verse as it scales commercial operations and develops new product capabilities to help organizations reduce emissions and lower electricity costs.

SOCRadar: End-To-End Threat Intelligence And Brand Protection Company Raises $25.2 Million

By Amit Chowdhry ● May 30, 2024

SOCRadar, a provider of enterprise-grade and end-to-end threat intelligence and brand protection, announced the successful completion of its Series B funding round at $25.2 million. This funding round was led by PeakSpan Capital, with participation from Oxx.

Aeromine Technologies: Rooftop Wind Energy Company Raises $9 Million

By Amit Chowdhry ● May 29, 2024

Rooftop wind energy innovator Aeromine Technologies announced that it has closed an approximately $9 million funding round to drive the roll out of its breakthrough, motionless, and on-site wind energy solution. And Veriten, the energy research, investing, and strategy firm is the lead investor in the Series A funding round. Plus, investors in the round include global engineering firm Thornton Tomasetti and family offices.

Zendata: AI-Based Data Governance And Privacy Solutions Company Raises $2 Million

By Amit Chowdhry ● May 29, 2024

Zendata, a leading provider of AI-based governance and data privacy solutions, emerged from stealth with $2 million in funding to redefine how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.