Venture Capital

Gcore: Cloud And AI Security Solutions Company Raises $60 Million

By Amit Chowdhry ● Jul 30, 2024

Gcore, a global edge AI, cloud, network, and security solutions provider, announced it has secured $60 million in Series A funding from institutional and strategic investors. The funding round was led by Wargaming and with participation from Constructor Capital and Han River Partners.

Powder: Fintech Company Closes $5 Million In Funding

By Amit Chowdhry ● Jul 30, 2024

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, announced that it has closed on a $5 million seed round, which will enable the company to continue scaling its technology, taking advantage of the AI boom that is rapidly transforming industries.

Rillet: Modern Accounting Platform Company Raises $13.5 Million

By Amit Chowdhry ● Jul 29, 2024

Rillet announced that it raised $13.5 million, led by First Round Capital, Creandum, and Susa Ventures with participation from incredible individual investors including Kevin Hartz (founder of Eventbrite, Xoom and investor in SpaceX, Airbnb, Palantir), the former Chief Accounting Officer of Facebook and Stripe, and the Controller at Ramp.

Reason Automation Raises Funding From Verify Ventures

By Amit Chowdhry ● Jul 29, 2024

Reason Automation - an enterprise e-commerce data technology company - announced a seed investment from Verify Ventures. Launched by a team of former Amazon vendor executives, marketers, and software engineers, Reason Automation offers a comprehensive SaaS service to help companies operating in the Amazon ecosystem manage their businesses as Amazon does.

Car Capital Technologies Raises $70 Million To Help Auto Dealerships With Financing Solutions

By Amit Chowdhry ● Jul 29, 2024

Car Capital Technologies, a partner for independent and franchise automotive dealerships seeking innovative financing solutions, announced funding commitments to continue to expand the business and further enhance origination capabilities and drive significant portfolio growth. And the company also successfully closed a senior/subordinate warehouse financing facility and secured lead equity investments from two strategic partners as part of its recently launched Series B funding round.

Marathon Fusion: $5.9 Million Closed To Develop Fuel Processing Technology For The Fusion Industry

By Amit Chowdhry ● Jul 29, 2024

Marathon Fusion, a company developing fuel processing technology for the fusion industry, announced a fundraising effort led by 1517 Fund and Anglo American, with participation from Übermorgen Ventures, Shared Future Fund, Malcolm Handley, and other leading investors. These investments, along with a CREATE award from the Department of Energy's ARPA-E, bring Marathon Fusion's total funding to $6.9 million.

Tekion: $200 Million Raised At $4 Billion Valuation To Serve Auto Retail Ecosystem

By Amit Chowdhry ● Jul 29, 2024

Tekion, an innovator of the first cloud-native platform serving the entire automotive retail ecosystem, announced that it has secured $200 million in growth equity capital from Dragoneer Investment Group. This funding round sets Tekion’s valuation above $4 billion.

One Equity Partners Invests In Stellantis Spin-Off Comau

By Amit Chowdhry ● Jul 29, 2024

Stellantis, one of the world’s largest automakers and mobility providers, and One Equity Partners (OEP), a middle-market private equity firm, announced that OEP has signed a binding agreement to make a majority investment in Comau S.p.A., a global technology company specializing in industrial automation and advanced robotics.

Chainguard: Software Security Company Raises $140 Million In Series C

By Amit Chowdhry ● Jul 29, 2024

Chainguard, a safe source for open source, announced it has completed a $140 million Series C round of funding led by Redpoint Ventures, Lightspeed Venture Partners, and IVP. This funding round brought the company’s total funding to $256 million. And existing investors, including Amplify, Mantis VC, Sequoia Capital, and Spark Capital also joined the round.

Grazzy: Digital Payments Company Secures $4 Million In Seed Funding

By Amit Chowdhry ● Jul 29, 2024

Grazzy, a digital payments platform for hospitality and service-focused businesses, announced the completion of a $4 million Seed round with participation from AZ-VC, In Revenue Capital, Iron Skillet Partners, Tuesday Capital, and Next Coast Ventures.

Addionics: Battery Technology Company Raises $39 Million In Series B

By Amit Chowdhry ● Jul 29, 2024

Addionics (a global leader in battery technology) announced a Series B funding round of $39 million. This funding round was co-led by GM Ventures and Deep Insight, with participation from Scania, along with new and returning strategic investors. And the funds will be used to bolster the company's manufacturing capabilities and advance global business engagements.

After.com: $10 Million Raised To Help Families Navigate End-Of-Life Services

By Amit Chowdhry ● Jul 29, 2024

After.com, a platform that helps families navigate end-of-life services without ever needing to step foot inside a funeral home, announced it has raised $10 million for its Series A funding round led by HIPstr (the early-stage investment arm of HighPost Capital). After.com plans to use the proceeds to enter new markets, add talent throughout the organization, and further enhance its marketing efforts to support both the pre-need and at-need business segments.