Venture Capital

Superlinked: $9.5 Million Secured To Turn Complex Data Into Vector Embeddings

By Amit Chowdhry ● Mar 19, 2024

Superlinked, a solution for turning complex data into vector embeddings, announced it has received $9.5 million in seed funding. Index Ventures led the round, with Theory Ventures significantly participating. 20Sales, Firestreak, and several prominent tech executives also participated.

Poseidon: Aquaculture Solutions Company Raises $20.75 Million

By Amit Chowdhry ● Mar 19, 2024

Poseidon Ocean Systems announced the completion of a $20.75 million Series B financing led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment, along with additional support from existing shareholder Export Development Canada.

Kyte Closes Up To $250 Million In Asset-Backed Credit Financing

By Amit Chowdhry ● Mar 19, 2024

Kyte - a company that has cars delivered to you on-demand - announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank and Waterfall Asset Management. This fund source will accelerate the company's fleet growth and profitability.

Hippocratic AI: LLM For Healthcare Company Raises $53 Million At $500 Million Valuation

By Amit Chowdhry ● Mar 19, 2024

Hippocratic AI - a company building the first safety-focused Large Language Model (LLM) for healthcare - announced the closing of a $53 million Series A funding round at a $500 million valuation. This funding round brought the company’s total funding to $120 million.

BigID: AI-Driven Data Security And Compliance Company Raises $60 Million

By Amit Chowdhry ● Mar 18, 2024

BigID - a pioneer in AI-augmented data security, compliance and privacy for modern cloud-first enterprises - announced that it closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent.

Waud Capital Partners Collaborating With Mark Layden To Acquire Companies And Assets

By Amit Chowdhry ● Mar 18, 2024

Waud Capital Partners, a middle-market private equity firm, announced today it has partnered with Mark Layden to acquire companies and assets in the enterprise application software market.

Carlsmed: AI-Enabled Personalized Surgery Company Raises $52.5 Million

By Amit Chowdhry ● Mar 18, 2024

Carlsmed - an AI-driven personalized surgery medical technology company - announced a $52.5 million Series C funding round co-led by B Capital and U.S. Venture Partners.

FlexPoint: Payments Automation Platform Company Raises $35 Million

By Amit Chowdhry ● Mar 18, 2024

FlexPoint - a payments automation platform designed for managed service providers (MSPs) and the businesses they work with - announced that it has raised $35 million of capital in the form of debt and equity to fund the growth of the company and a vision to provide MSPs with a financial platform to grow and run their businesses.

TheyDo: Customer Journey Management Company Raises $34 Million

By Amit Chowdhry ● Mar 18, 2024

Leading Journey Management platform company TheyDo announced it raised an additional $34 million in funding. Blossom Capital led the round, which included existing investors Arches Capital and InnovationQuarter, global customer experience evangelist Steven Van Belleghem, HighSage Ventures, and 20SALES.

Westbound Equity Partners: Oversubscribed $100 Million Fund II Closed

By Amit Chowdhry ● Mar 17, 2024

Westbound Equity Partners (previously called Concrete Rose) announced that it closed $100 million in Fund II, which was oversubscribed. Since the firm’s founding, they set out on an ambitious journey to create a virtuous cycle of wealth and opportunity by investing financial and social capital into exceptional founders and ventures led by or built with underrepresented people of color.

Sealed Reveals Sealed Pro And $30 Million Funding Round

By Amit Chowdhry ● Mar 17, 2024

Sealed - a New York-based residential energy efficiency company - announced the launching of Sealed Pro and a $30 million funding round. The $30 million funding round was led by Keyframe Capital and Cyrus Capital, CityRock, Fifth Wall, and others joined them.

Ballistic Ventures: $360 Million Oversubscribed Fund II Closed To Invest In Cybersecurity Companies

By Amit Chowdhry ● Mar 17, 2024

Ballistic Ventures announced the closing of its oversubscribed $360 million second fund. Fund II for Ballistic Ventures reinforces the firm’s commitment to fund and incubate entrepreneurs and innovations exclusively focused on the future of cybersecurity.

DraftWise: AI-Based Contract And Negotiation Platform For Lawyers Raises $20 Million

By Amit Chowdhry ● Mar 17, 2024

DraftWise - an AI-based contract and negotiation platform for lawyers - announced a $20 million Series A funding round led by Index Ventures, with additional support from existing investors Y Combinator and Earlybird Digital East Ventures.

Clique: Blockchain Data Computing Company Secures $8 Million

By Amit Chowdhry ● Mar 17, 2024

Clique - an infrastructure company that is powering secure and data computing for blockchains - announced a successful Series A funding round of $8 million led by Polychain Capital to build a compute coordination network that transforms the way on-chain and off-chain applications access compute and data.

Lily AI: Retail AI Platform Closes $20 Million

By Amit Chowdhry ● Mar 17, 2024

Lily AI - a retail technology platform specializing in AI solutions for retailers and brands - announced the closing of a $20 million Series B-Prime funding round led by Conductive Ventures with participation from new investors Counterpart Ventures, Cendana Capital, and Transform Capital, and existing investors Canaan, Sorenson Capital, and NEA.