Venture Capital

LeakSignal: Microservices Cybersecurity Solutions Company Raises $1.6 Million

By Amit Chowdhry ● Mar 24, 2024

LeakSignal, a provider of microservices cybersecurity solutions, announced that it has secured $1.6 million in an oversubscribed funding round. Shasta Ventures led the round, which also included TFX Capital, Blu Ventures, and Cyber Mentor Fund. Previous investors include Tokyo Black, Vela Partners, and other talented cybersecurity angels.

Borderless AI: $27 Million Raised To Accelerate The Process Of Onboarding

By Amit Chowdhry ● Mar 24, 2024

Borderless AI, an AI-based company transforming the Employer of Record (EOR) space, announced that it had raised $27 million in seed funding to utilize GenAI to automate/accelerate the process of onboarding, managing, and paying international team members. The $27 million seed round was led by Susquehanna and Aglaé Ventures (Bernard Arnault's venture arm), with participation from additional institutional investors.

Firestorm Labs: Modular Open-Architecture Unmanned Aerial Systems Company Secures $12.5 Million

By Amit Chowdhry ● Mar 24, 2024

California-based Firestorm Labs, an Unmanned Aerial System (UAS) manufacturer leading the charge in expeditionary additive manufacturing, announced a $12.5 million seed investment by Lockheed Martin Ventures and prominent defense investors. Decisive Point, Silent Ventures, 645 Ventures, Overmatch VC, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Beyond Capital, and RedCat are also some of the notable names who have invested in Firestorm.

Cleric: $4.3 Million Raised And Autonomous AI Site Reliability Engineer Unveiled

By Amit Chowdhry ● Mar 24, 2024

Cleric - a company that automates infrastructure management with AI-led solutions - announced it raised $4.3 million in a seed round of funding led by Zetta Venture Partners with participation from AI infrastructure angel investors. And the company also announced the first autonomous AI site reliability engineer (SRE) teammate to help free engineering resources in providing on-call support.

Lalo: Baby And Toddler Products Company Raises Funding In Round Led By Forecast Labs

By Amit Chowdhry ● Mar 24, 2024

Lalo - a leading baby and toddler essentials company - announced that it had raised a new round of funding with Forecast Labs (a consumer venture group division of Comcast).

Rails: Self-Custodial Crypto Exchange Company Raises $6.2 Million

By Amit Chowdhry ● Mar 24, 2024

Rails - a self-custodial crypto exchange that enables users to trade perpetuals while maintaining self-custody - announced a $6.2 million seed round led by Slow Ventures, CMCC Global, Round13 Capital, and Quantstamp. Rails’ trading engine combines high-speed matching capabilities with a user-friendly interface and a complete set of trading tools designed for sophisticated traders. This combination enables lightning-fast trades.

Conduce Health: $3 Million Raised To Provide Solutions For Primary Care Organizations And Specialists

By Amit Chowdhry ● Mar 24, 2024

Conduce Health - a multi-specialty value-based care marketplace providing turnkey solutions for primary care organizations and specialists - announced the closing of a $3 million seed round led by Connecticut Innovations with participation from AlleyCorp, CityLight, and other strategic investors.

Packback: AI-Enabled Writing Platform Raises Funding From PSG Equity

By Amit Chowdhry ● Mar 24, 2024

Packback, a company whose AI-enabled writing and discussion platform has empowered over 1.5 million students, announced a strategic growth investment from PSG.

SER: Intelligent Content Automation Company Raises Funding From TA Associates

By Amit Chowdhry ● Mar 24, 2024

SER, a leading global Intelligent Content Automation (ICA) software vendor in the Enterprise Content Management (ECM) market, announced that TA Associates has agreed to make a strategic growth investment in the company. SER and Carlyle (an investor in SER since 2018) welcome TA as the new lead investor.

Ascend Analytics Secures Strategic Growth Investment From Rubicon Technology Partners

By Amit Chowdhry ● Mar 24, 2024

Ascend Analytics (a leading provider of energy transition analytics solutions) announced it has secured a strategic growth investment led by Rubicon Technology Partners. Rubicon was joined by climate investment firm Galvanize Climate Solutions and Silversmith Capital Partners.

Rithmik Solutions: $2 Million Raised To Transform Mobile Mining Equipment Management

By Amit Chowdhry ● Mar 24, 2024

Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, announced the successful closing of a $2 million funding round. This funding round included participation from Cycle Momentum, DevCap, angel investors from AngelOne, the Golden Triangle Angel Network, and Archangel’s Adrenaline Fund. And previous investors Chrysalix Venture Capital and Ecofuel also strongly supported the round.

Loyal: $45 Million Raised To Help Dogs Live Longer And Healthier Lives

By Amit Chowdhry ● Mar 24, 2024

Loyal - a biotech company pioneering longevity drugs for dogs - announced that it has completed its Series B funding round, securing $45 million in funding. Bain Capital Ventures led the funding round. Most major existing investors from Loyal’s previous financings - including Khosla Ventures, First Round Capital, Box Group, Collaborative Fund, Quiet Capital, and Todd & Rahul’s Angel Fund – joined this round. And Bain Capital Ventures and Valor Equity Partners are new investors.

Foundry: $80 Million Raised To Make Accessing AI Computing Simpler

By Amit Chowdhry ● Mar 24, 2024

Foundry, a new type of public cloud for AI/ML workloads, announced $80 million in seed and Series A funding to orchestrate the world’s computing capacity and make it universally accessible and useful. Sequoia Capital and Lightspeed Venture Partners co-led the funding round, including Redpoint, Microsoft Ventures (M12), Conviction, NEA, and other technical minds.

Pandion: E-Commerce Residential Delivery Company Raises $41.5 Million

By Amit Chowdhry ● Mar 24, 2024

Pandion - a parcel network built for e-commerce residential delivery and launched by Amazon Air founder Scott Ruffin - announced a $41.5 million Series B funding round led by Revolution Growth. Additional investors in the round included existing investors Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, Schematic Ventures, and new investors Proof and Sentinel Global.

BlueFlag Security: Identity-Based Developer Security Company Closes $11.5 Million

By Amit Chowdhry ● Mar 24, 2024

BlueFlag Security announced it raised an $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures with participation from Pier 88 Investment Partners. This funding round will fund the development of BlueFlag’s SDLC security and governance platform - which delivers end-to-end and identity-centric protection across the development lifecycle from code to production.

Coast: Fleet-Focused B2B Card Payments Infrastructure Company Raises $92 Million

By Amit Chowdhry ● Mar 23, 2024

Coast - a company that offers a simple and smart way for companies in the US to manage fuel and fleet spending - announced it has raised $92 million in new funding. This funding round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, Better Tomorrow Ventures, and new investor Vesey Ventures. And the company secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

Ediphi: Estimating Solution Company Secures $12 Million

By Amit Chowdhry ● Mar 23, 2024

Cloud-based estimating solution Ediphi announced it has raised $12 million in Series A funding led by Norwest Venture Partners. The funding will expand its team, invest in product innovation through R&D, and grow its market share.

Profluent: Protein Design Company Raises $35 Million

By Amit Chowdhry ● Mar 23, 2024

Protein design company Profluent announced it raised $35 million in funding led by Spark Capital, with participation from existing investors Insight Partners and Air Street Capital along with a syndicate of angel investors from OpenAI, Salesforce, Octant Bio, and Google including Jeff Dean, Chief Scientist of Google DeepMind. The company previously raised $9 million from Insight Partners, Air Street Capital, AIX Ventures, and Convergent Ventures.

Wonder: Marc Lore’s Food Delivery Company Raises $700 Million

By Amit Chowdhry ● Mar 23, 2024

Marc Lore has been a successful entrepreneur for many years. His latest venture is a food delivery company called Wonder, which recently revealed that it has raised $700 million.

Mad Capital: $50 Million Perennial Fund II Launched To Provide Farmers With Tailored Loans

By Amit Chowdhry ● Mar 23, 2024

Mad Capital has launched the Perennial Fund II (PFII) to provide farmers in the US with tailored loans that help them transition to regenerative organic farmland while increasing farmer profits.

Zero Prime Ventures Closes Second Fund At $48 Million

By Amit Chowdhry ● Mar 23, 2024

Zero Prime Ventures (previously Data Community Fund) is a venture firm that invests in zero engineer-founders at the early stage. It recently closed a $48 million second fund and announced the addition of a new partner, Yang Tran.

indie Semiconductor Strategically Investing In AI Processor Company Expedera

By Amit Chowdhry ● Mar 23, 2024

Indie Semiconductor announced a strategic investment in Expedera, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP). This minority investment will include Donald McClymont's addition to Expedera's Board of Directors.

LiDAR Developer SteerLight Raises Funding From Stellantis Ventures

By Amit Chowdhry ● Mar 22, 2024

Stellantis Ventures (the corporate venture fund of Stellantis) announced it has invested in SteerLight (a spinoff of the French CEA-Leti technology center), the developer of a new generation of high-performance Light Detection and Ranging (LiDAR) sensing technology.

Mallard Bay: Hunting And Fishing Marketplace Company Raises $4.6 Million

By Amit Chowdhry ● Mar 22, 2024

Mallard Bay - a SaaS-enabled marketplace for hunting and fishing adventures - announced the closing of a $4.6 million Series A funding round. Led by Soul Venture Partners, the funding round also saw follow-on investments from existing investors Acadian Capital Ventures, along with contributions from various new and existing angel investors.

Blue Laser Fusion: Inertial Fusion Company Secures $37.5 Million

By Amit Chowdhry ● Mar 22, 2024

Leading inertial fusion company Blue Laser Fusion successfully closed $37.5 million in Series Seed funding round with investment from strategic partners SoftBank, a private investor Yusaku Maezawa through the Maezawa Fund, and Itochu Corporation (one of world's largest trading companies). These new investors joined the round with JAFCO Group, SPARX Group (Mirai Creation Fund III), and Waseda University Ventures.

Fetch: Rewards App Company Closes $50 Million In Debt Financing From Morgan Stanley

By Amit Chowdhry ● Mar 22, 2024

Rewards app company Fetch announced it has raised $50 million in debt financing from Morgan Stanley Private Credit. This funding will enable Fetch to pursue another year of aggressive growth as a now-profitable company.

Buzz Solutions: $5 Million Raised To Protect Energy Infrastructure

By Amit Chowdhry ● Mar 22, 2024

Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, announced it closed a $5 million growth funding round. GoPoint Ventures led the round, with Blackhorn Ventures and MaC Venture Capital also participating.

Fuel Me: Fuel Procurement And Management Company Raises $18 Million

By Amit Chowdhry ● Mar 22, 2024

Fuel Me, a rapidly growing fuel procurement and management platform, announced the successful close of its $18 million Series A financing co-led by Pritzker Group Venture Capital and Tribeca Venture Partners. Other new investors include Bessemer Venture Partners, Interplay Venture Capital, FJ Labs, Hyde Park Angels, Bridge Ventures, Correlation Ventures, Forefront Venture Partners, and Gaingels. Tribeca Venture Partners co-founder and partner Brian Hirsch has joined the Board of Fuel Me in connection with the funding round.

NovaData Solutions: Property Restoration Invoice Analysis Company Raises Funding

By Amit Chowdhry ● Mar 22, 2024

NovaData Solutions - a provider of AI-driven software for property restoration invoice analysis - announced it raised a Series A funding round led by Activate Venture Partners. The funding round included participation by various individual and institutional investors including Ben Franklin Technology Partners.

Monaire: $3.5 Million Raised To Curb Waste And Emissions From Commercial Buildings

By Amit Chowdhry ● Mar 22, 2024

Monaire - a company that utilizes AI to curb waste and emissions from small commercial buildings - announced $3.5 million in seed funding. Construct Capital led the funding round with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette (the president and co-founder of Toast) and Tom Kuo (co-founder of A-Street and chairman of the board at Mighty Earth).