Venture Capital

Amplifier Security: $3.3 Million Raised To Enable Security Teams To Modernize Practices

By Amit Chowdhry ● May 1, 2024

Amplifier Security announced it emerged from stealth to bridge the divide between the workforce and security with AI copilot and human-in-the-loop automation. The company also raised $3.3 million to address the last-mile security challenge with a self-healing approach that transforms how employees interact with corporate security tools. Cota Capital led this pre-seed funding round with participation from WestWave Capital and Shift Left Ventures. It also included angel investments from renowned entrepreneurs and executives.

Nagomi Security: Threat Exposure Management Company Secures $30 Million

By Amit Chowdhry ● May 1, 2024

Nagomi Security (formerly known as Vena Security), a leader in proactive security and threat exposure management, emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with a seed funding round from Team8 and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures. Nagomi is also backed by leading angel investors, including Shlomo Kramer (founder of Check Point, Imperva, and Cato Networks), Nir Polak (founder of Exabeam), Guy Podjarny (founder of Snyk), and Galina Antova (founder of Claroty). This funding round will accelerate go-to-market and R&D efforts to meet the increasing global demand for proactive security and threat exposure management.

FinQuery: $25 Million Closed To Enable Professionals To Optimize Decisions In Top Spending Areas

By Amit Chowdhry ● May 1, 2024

FinQuery (formerly LeaseQuery), a provider of AI-powered solutions built to efficiently manage companies’ largest areas of spending, announced a $25 million minority investment led by Periphas Capital and supported by Lavelle Capital. This funding will accelerate product innovation and support strategic M&A.

Owlstone Medical: Breath Biopsy Company Raises $6.5 Million

By Amit Chowdhry ● Apr 30, 2024

Owlstone Medical, a global leader in Breath Biopsy for early disease detection and precision medicine applications, has secured funding from the Bill & Melinda Gates Foundation. This funding round comprises a $5 million equity investment to advance Owlstone’s Breath Biopsy platform and $1.5 million in grant funding to develop breath-based diagnostics and identify breath biomarkers for tuberculosis (TB) and HIV.

Nebu-Flow: $5.9 Million Raised To Accelerate Development Of Inhaled Drugs For Respiratory Disorders

By Amit Chowdhry ● Apr 30, 2024

Nebu-Flow announced it had raised an additional $5.9 million of investment to accelerate the next generation of inhaled drugs for patients with respiratory disorders, which are the main cause of death and disability worldwide. The company’s nebulizer platform has been developed to provide several advantages over existing technologies. Overall, the worldwide inhalable drug market was valued at about $33 billion in 2023, with the nebulizer market at over $1 billion.

Agilitas Energy: Energy Storage And Solar Photovoltaic Company Secures $100 Million

By Amit Chowdhry ● Apr 30, 2024

Agilitas Energy, the largest integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., announced the closing of $100 million in debt financing to fund its growth and continued national expansion.

Thintronics: Electronic Materials Company Closes $23 Million

By Amit Chowdhry ● Apr 30, 2024

Thintronics is a California-based electronic materials startup that supplies high-performance insulators for emerging AI data centers, networking, and RF/millimeter-wave (mmW) applications. It raised a $23 million Series A funding round, led by Maverick Capital and Translink Capital. The funding will support the commercialization of a novel insulator platform.

Dropzone AI: $16.85 Million Raised To Help SecOps Teams With Autonomous Investigations

By Amit Chowdhry ● Apr 30, 2024

Dropzone AI, a developer of AI security analysts for security operations teams, announced it has raised $16.85 million in Series A funding. Theory Ventures led the funding round, adding to the company's cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT). Carta CISO Garrett Held, Head of Security at Postman Joshua Scott, and Integreon President and Head of Cyber Solutions Anshu Gupta participated in the Series A round. Theory Ventures founder Tomasz Tunguz will also join the board in connection with the investment. Dropzone will use this new funding round to continue scaling its GTM motion and its engineering team.

Blaize: High-Performance Computing AI Processing Solutions Company Raises $106 Million

By Amit Chowdhry ● Apr 30, 2024

Blaize, an AI computing innovator transforming edge computing solutions, announced it has raised $106 million from existing investors, including Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek and new investors Rizvi Traverse, Ava Investors and BurTech LP.

On.Energy: Integrated Energy Storage Solutions Provider Secures $25 Million

By Amit Chowdhry ● Apr 30, 2024

On.Energy, a growing electric power asset owner and proven end-to-end integrator of battery energy storage systems (BESS) announced it had closed a senior secured first lien facility with Lombard Odier Investment Managers (LOIM) on behalf of funds under its management, including the LOIM Sustainable Private Credit Strategy.

FlexAI: Universal AI Compute Company Raises €28.5 Million

By Amit Chowdhry ● Apr 30, 2024

FlexAI, a universal AI compute company, has launched with €28.5 million ($30 million) in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The additional investors include Bpifrance, Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir.

WindRose Health: Majority Growth Investment In Subjectwell Completed

By Amit Chowdhry ● Apr 30, 2024

WindRose Health Investors, a New York-based healthcare private equity firm, announced it has completed the acquisition of SubjectWell, the patient access marketplace that connects people with health conditions to care options. The terms of the deal were not disclosed.

Pipedream: Autonomous Underground Company Raises $13 Million

By Amit Chowdhry ● Apr 30, 2024

Pipedream, an autonomous underground rail system that offers near-instantaneous delivery of objects to and from homes and businesses, announced that it has raised $13 million in funding. This funding round was led by Starship Ventures, with participation from Cortado Ventures, Myelin Ventures, and many other angels and firms.

Flindr Therapeutics: Precision Oncology Company Raises €20 Million

By Amit Chowdhry ● Apr 30, 2024

Flindr Therapeutics, a precision oncology therapeutics company, announced a €20 million Series A funding to advance its pipeline of small molecule inhibitors for cancer treatment. V-Bio Ventures led the funding along with other new investors Johnson & Johnson Innovation -- JJDC, Inc. (JJDC), QBIC Fund, Flanders Future Tech Fund, and Curie Capital, as well as existing investors Oncode Oncology Bridge Fund, Swanbridge and Brabantse Ontwikkelings Maatschappij (BOM).

Suzano Ventures Investing Up To $5 Million In Bioform Technologies

By Amit Chowdhry ● Apr 30, 2024

Suzano Ventures (the corporate venture capital arm of Suzano, the world’s largest market pulp producer) announced it has invested strategically into the Canadian materials science startup Bioform Technologies.

Bump: Creator Financing Platform Company Secures $3 Million

By Amit Chowdhry ● Apr 30, 2024

Bump, a wealth technology and financing platform for creators, announced that it has raised $3 million in seed funding. The investors in the round include Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker's Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and Mana Ventures. And existing investors include Snap Inc, H/L Ventures, Connetic Ventures and Sixty8 Capital.

RevOpsis: $16.5 Million Raised For Developing Ophthalmic Therapies

By Amit Chowdhry ● Apr 30, 2024

RevOpsis Therapeutics, a next-generation biopharmaceutical company driving innovation in ophthalmic therapies, announced it successfully closed its first seed funding round, raising $16.5 million to accelerate its goal to develop and commercialize treatments for chronic multifactorial diseases through the company's fully human multispecific proprietary Rev-Mod Platform.

Diddo: $2.8 Million Secured To Enable Viewers To Buy The Products They See On Any Screen

By Amit Chowdhry ● Apr 30, 2024

Diddo announced that it has raised $2.8 million in a seed funding round led by Link Ventures. The other investors and supporters include Neo (Lamar Advertising's family office), Scott Forrestal, and executives from companies such as Disney, Sundance TV, and MGM+. The company has signed deals with seven streaming platforms and is expected to add others by Q2.

Pine Gate Renewables: $650 Million Raised From Generate Capital, HOOPP, And HESTA

By Amit Chowdhry ● Apr 30, 2024

Pine Gate Renewables announced the final closing of a $650 million investment from Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA. This funding will accelerate Pine Gate’s work as a national developer, owner, and operator of clean energy projects and will support the financing of an incremental three gigawatts (GW) of clean energy infrastructure by 2025.

Thomvest Ventures: An Interview With Managing Director Umesh Padval

By Amit Chowdhry ● Apr 30, 2024

Thomvest Ventures is a cross-stage venture capital fund based in Silicon Valley and Toronto. The firm is investing the capital of one individual Peter Thomson - whose family owns the majority of Thomson Reuters. Peter started Thomvest Ventures in 1996 and has invested in over 75 private companies since that time. Pulse 2.0 interviewed one of Thomvest’s managing directors Umesh Padval to learn more about the firm.

Twill Payments Closes Pre-Seed Funding Round To Democratize Data Analytics For SMEs

By Amit Chowdhry ● Apr 30, 2024

Churnkey: Subscription Retention Automation Company Raises $1.5 Million

By Amit Chowdhry ● Apr 30, 2024

Churnkey, a leading provider of subscription retention automation software, announced it raised $1.5 million from CreativeCo to accelerate its growth.

RevenueCat: Subscription Management Platform Company Secures $12 Million

By Amit Chowdhry ● Apr 30, 2024

RevenueCat CEO Jacob Eiting revealed that the company has raised $12 million in funding, led by Adjacent. Other investors who joined the round include Y Combinator, Index Ventures, Volo Ventures, and SaaStr Fund. Nico Wittenborn of Adjacent will join the board. RevenueCat had raised $56 million before this funding round, bringing its total to over $68 million.

Moso: Shop-To-Earn Platform Company Raises $2 Million

By Amit Chowdhry ● Apr 29, 2024

Moso, a shop-to-earn platform that seamlessly merges online shopping with cryptocurrency, announced the successful completion of its $2 million seed funding round. This funding round attracted investment from prominent backers like Symbolic Capital, Dao5, Coinlist, Polygon Ventures, and several strategic angels.

Wheelhouse: Minority Investment Raised From Alignment Growth

By Amit Chowdhry ● Apr 29, 2024

Wheelhouse, an independent content and talent platform, announced its first outside capital raise. The funding round was led by investment firm Alignment Growth and will enable Wheelhouse to build an infrastructure that brings in industry-leading talent and accelerates growth via strategic acquisitions. As part of the deal, Alignment Growth Partner Jeff Bewkes joins the Wheelhouse Board of Directors.

Movement Labs: Blockchain Development Company Raises $38 Million

By Amit Chowdhry ● Apr 29, 2024

Movement Labs, a blockchain development team, announced it has secured $38 million in a Series A financing round led by Polychain Capital. The funding round will support the company's mission to bring Facebook's Move Virtual Machine to Ethereum, address smart contract vulnerabilities, and enhance transaction throughput.

Cerevance: $47 Million Closed To Develop Precision Novel Therapeutics For Central Nervous System Diseases

By Amit Chowdhry ● Apr 29, 2024

Cerevance, a company focused on developing precision novel therapeutics for central nervous system (CNS) diseases, announced an initial closing of its Series B-1 Extension financing round that will add $47 million to the $51 million previously raised, bringing the total Series B-1 raise to $98 million.

PinkDx: $40 Million Secured To Impact The Health Of Women

By Amit Chowdhry ● Apr 29, 2024

PinkDx, an early-stage company focused on positively impacting the health of women throughout their life journey, has launched with $40 million in Series A funding. The funding was co-led by Catalio Capital Management, LP, and The Production Board. And other investors include Mountain Group Partners, Byers Capital and Mayo Clinic.

neurocare: Personalized Mental Healthcare Company Secures €16 Million

By Amit Chowdhry ● Apr 29, 2024

TVM Capital Healthcare, a specialist healthcare private equity firm based in Dubai and Singapore, announced a €16 million investment into Munich-headquartered neurocare, which is a leading innovator in personalized mental health care that is offering solutions to empower clinicians to deliver the best care to their patients.

Treefera: AI-Enabled Data Management Company Raises $12 Million

By Amit Chowdhry ● Apr 29, 2024

Treefera, an AI-enabled data management platform focused on bringing transparency and accuracy to nature-based asset reporting like carbon credits and supply chain sustainability, announced a $12 million Series A funding round led by AlbionVC. This funding round comes only seven months after the announcement of the company’s $2.2 million pre-seed funding round.