Venture Capital

Refuel AI: $5.2 Million Raised To Automate Dataset Creation And Labeling For Every Business

By Noah Long ● Jun 21, 2023

Refuel AI - a platform to automate dataset creation and labeling for every business and every use case - announced recently that it exited from stealth with $5.2 million in seed funding led by General Catalyst and XYZ Ventures.

Glystn: $4 Million Raised To Build AI-Powered Community And Engagement Engine For Creators

By Amit Chowdhry ● Jun 21, 2023

A team of social media and online community veterans recently unveiled Glystn: the first AI-driven community engagement engine that helps creators scale through intelligent automation. The company also announced $4 million in funding from Eniac Ventures, Precursor Ventures, Hannah Grey VC, and Future Perfect Ventures.

Specter Aerospace: $9.5 Million In Funding Raised To Develop Advanced Propulsion Technologies

By Dan Anderson ● Jun 20, 2023

Specter Aerospace - a Boston-based area defense contractor specializing in the field of plasma-assisted combustion and hypersonic propulsion - announced recently that it had secured over $9.5 million in previously undisclosed venture and government funding today. This funding round comes from various defense contracts awarded by the DoD and equity investments from CS Ventures and Mandala Ventures.

Bitterroot Bio: $145 Million Raised For Developing Transformative Medicines in Cardio-Immunology

By Annie Baker ● Jun 20, 2023

Bitterroot Bio - a biotechnology company focused on developing novel immunotherapies in cardiovascular disease - announced recently a $145 million Series A financing round co-led by ARCH Venture Partners and Deerfield Management with participation from GV, Koch Disruptive Technologies, Alexandria Venture Investments, and others.

SustainCERT: Climate Impact Verification Company Raises $37 Million

By Noah Long ● Jun 20, 2023

SustainCERT - a Luxembourg-based climate impact verification company - announced recently that it raised $37 million in Series B funding for supporting global expansion. The funding was provided by Partech, Hartree Partners, Citizen Capital, Innovacom, and the Microsoft Climate Innovation Fund.

Course5 Intelligence: Analytics And AI Solutions Company Secures $53 Million

By Annie Baker ● Jun 20, 2023

Analytics and AI solutions company Course5 Intelligence announced that they have successfully completed their round of funding of $53 million with a second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited. The second close saw participation by Carnelian Asset Advisors Pvt Ltd. and affiliates.

XRC Ventures’ Demo Day 2023 Featured Presentations From Accelerator Cohorts 14 And 15

By Amit Chowdhry ● Jun 20, 2023

XRC Ventures is a venture capital firm and accelerator for the next generation of disruptors in the retail technology, consumer goods, and consumer health tech sectors. And Demo Day is XRC Ventures’ highlight event of the year where the firm's newest portfolio startups, the XRC team, investors, and industry insiders gather for startup pitches, dynamic panel discussions, and to network. Demo Day 2023 featured XRC Cohorts 14 and 15.

Orson: Story-As-A-Service Startup Closes $3 Million In Funding

By Amit Chowdhry ● Jun 20, 2023

Orson - a story-as-a-service startup - announced today that it has raised $3 million to deepen its investment in generative AI and the science of video storytelling to help users build meaningful human connections.

Bicycle Capital: New Latin America-Focused Firm Launches Inaugural Fund Targeting $500 Million

By Amit Chowdhry ● Jun 20, 2023

Bicycle Capital - a new growth equity firm focused on Latin America - has announced the launch of its first fund Bicycle I with initial commitments of approximately US$440 million, targeting a total fund size of US$500 million. The firm will be led by Marcelo Claure as Executive Chairman and Managing Partner alongside Mwashuma (Shu) Nyatta as Managing Partner.

Mistral AI: $113 Million In Seed Funding Raised To Automate Existing Processes With LLMs

By Annie Baker ● Jun 20, 2023

Mistral AI is a France-based company that provides businesses with the technology to automate existing processes and develop innovative new products with state-of-the-art large language models. The company has raised $113 million in seed funding at about a $260 million valuation, according to TechCrunch.

AptEdge: $11 Million Closed For Building An Answer Engine For Customer Service

By Annie Baker ● Jun 20, 2023

AptEdge - a generative AI startup building an answer engine for customer service - announced it has raised an oversubscribed $11 million seed+ round led by Stage 2 Capital with other investors (Unusual Ventures, National Grid Partners, Carya Venture Partners, Counterpart Ventures) to support momentum behind its revolutionary solution for the customer service industry.

Beaconcure: Clinical Data Technology And Automation Company Secures $14 Million

By Noah Long ● Jun 20, 2023

Beaconcure - a leading clinical data technology and automation company - announced the closing of its $14 million Series B financing round.

Gridware: $10.5 Million Raised To Improve On Grid Reliability Nationwide

By Annie Baker ● Jun 20, 2023

Gridware recently announced it has raised $10.5 million in a seed extension funding round led by Fifty Years and Lowercarbon Capital.

Advocate: $4 Million Raised To Help Workers And Veterans Apply For Government Benefits

By Dan Anderson ● Jun 19, 2023

Advocate - a groundbreaking AI-driven platform that helps workers and veterans apply for government benefits more simply, safely, and easily - announced that the company has raised over $4 million in seed funding.

EliseAI: Real Estate Conversational AI Platform Closes $35 Million

By Dan Anderson ● Jun 19, 2023

EliseAI - a premier conversational AI platform for real estate - announced its $35 million Series C fundraising round led by Point72 Private Investments with participation from Koch Real Estate Investments and existing investors Golden Seeds, Navitas Capital, JLL Spark, and DivcoWest.

SiMa.ai: $13 Million Closed To Deliver Solutions For The Embedded Edge

By Noah Long ● Jun 19, 2023

SiMa.ai - a machine learning company delivering solutions for the embedded edge - announced it is experiencing significant company-wide momentum including a rapid rise in customer demand, new innovation accolades, 30% year-over-year employee growth, the introduction of a new partner ecosystem, and new venture funding at $13 million for a total of $200 million raised to date.

Alkeus Pharmaceuticals: $150 Million Raised To Advance Gildeuretinol

By Annie Baker ● Jun 19, 2023

Alkeus Pharmaceuticals announced recently that it has raised a $150 million Series B financing to support the registration and launch of gildeuretinol (ALK-001), which is a potential disease-modifying, precision medicine for the treatment of Stargardt disease (a leading genetic cause of blindness in children and young adults).

The Wound Company: On-Demand Wound And Ostomy Care Delivery Company Raises $4.25 Million

By Dan Anderson ● Jun 19, 2023

The Wound Company - a multi-channel on-demand wound and ostomy care delivery company that improves patient outcomes - announced its launch from stealth with $4.25 million in seed funding from Susa Ventures and Sozo Ventures.

Paro: $25 Million Raised For On-Demand Finance And Accounting Expertise Platform

By Noah Long ● Jun 19, 2023

Paro - a Chicago-based startup disrupting the way companies access on-demand finance and accounting expertise - announced it raised $25 million in Series C funding to further develop its platform supporting freelance experts and continue its expansion with enterprise clients.

Galvanick: Industrial Cybersecurity Platform Closes $10 Million In Funding

By Annie Baker ● Jun 19, 2023

Galvanick - a cybersecurity solution for protecting industrial infrastructure against cyber attacks - announced recently its $10 million seed round. Major investors in this round included MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and over 25 angel investors specializing in cybersecurity, manufacturing, finance, and defense.

UpdateAI: ChatGPT-Powered Customer Success Platform Company Raises $2.3 Million

By Amit Chowdhry ● Jun 19, 2023

UpdateAI - a ChatGPT-powered Customer Success platform that generates Smart Summaries of customer meeting notes and automates CS follow-up workflow - announced recently that it has raised a $2.3 million funding round led by IdealabX. And Stage Venture Partners, Zoom Ventures, a16z’s scout fund, and Howard Morgan also participated in the round.

Modulo Bio: $8 Million Funding Round Closed To Map The Neuroimmune System

By Dan Anderson ● Jun 19, 2023

Biotech company Modulo Bio announced it has raised $8 million in funding from Initialized Capital, Cantos, Bioverge, Spacecadet, Builders VC, Refactor Capital, and Hawktail.

WaveBL: $26 Million Secured For Electronic Transfer Trade Document Platform Company

By Dan Anderson ● Jun 19, 2023

WaveBL - a market-leading provider of electronic bills - announced recently that it has successfully raised $26 million in its latest funding round, consolidating its position as a leading player in the digital trade document sector globally.

Red 6: Air Combat Training AR Company Pulls In $70 Million In Funding

By Amit Chowdhry ● Jun 19, 2023

Red 6 - a revolutionary Augmented Reality (AR) technology firm at the forefront of synthetic air combat training and augmented reality applications for the entertainment industry - announced recently the completion of a $70 million Series B financing.

Debut: Vertically Integrated Synthetic Biology Company Closes $34 Million

By Annie Baker ● Jun 19, 2023

Debut - a vertically integrated synthetic biology company that is spearheading the creation of innovative and novel high-performing active ingredients in beauty - announced recently that it has raised $34 million Series B in a funding round led by BOLD.

Alcion: Modern Data Management Company Receives $8 Million In Funding

By Annie Baker ● Jun 19, 2023

Alcion - a modern data management startup - announced $8 million in seed funding from prominent angel investors, and the public preview of its AI-driven Backup-as-a-Service (BaaS) platform. Built with a product-led and community-driven focus, Alcion offers Microsoft 365 admins an easy-to-use, intelligent, and secure SaaS platform to protect against ransomware, malware, corruption, and accidental data loss.

STAT Health: $5.1 Million Secured To Develop In-Ear Wearable For Measuring Blood Flow To The Head

By Amit Chowdhry ● Jun 19, 2023

STAT Health has emerged from stealth to introduce a 24/7 in-ear wearable that measures blood flow to the head. The company has been backed by $5.1 million in seed funding from J2 Ventures, BonAngels Venture Partners, and a diverse group of prominent angel investors. And the company has also received grant funding from the U.S. Air Force.

Primer: AI-Powered Data Analysis Company Raises $69 Million

By Amit Chowdhry ● Jun 19, 2023

Primer Technologies - an AI/ML technology firm specializing in AI-powered data analysis - announced a Series D round with a first close of $69 million to accelerate the delivery of trusted AI solutions for the U.S. Government and Commercial customers.

RxLightning Lands $17.5 Million For Streamlining Specialty Medication Access And Affordability

By Annie Baker ● Jun 19, 2023

RxLightning - a creator of the industry’s first comprehensive platform for streamlining specialty medication access and affordability - announced that it closed a $17.5 million Series A investment to support the company’s growth and further remove barriers to life-saving therapies.

Selva Ventures: Second Fund Closed At $34 Million

By Dan Anderson ● Jun 19, 2023

Selva Ventures - a VC firm focused on partnering with consumer brands that promote healthier living - announced recently the successful closing of its second fund of $34 million.