Venture Capital

Keragon: AI-Based HIPAA-Compliant Automation Platform Raises $3 Million

By Amit Chowdhry ● Jun 11, 2024

Keragon, an AI-based HIPAA-compliant automation platform for healthcare, officially launched out of stealth and revealed that it raised $3 million in pre-seed funding. The pre-seed funding round was co-led by Focal and Afore, followed by 25 Madison Health - Lifepoint Health.

M^0: Decentralized Cryptodollar Infrastructure Company Raises $35 Million

By Amit Chowdhry ● Jun 11, 2024

M^0, a decentralized infrastructure layer for the issuance of crypto dollar assets, announced a Series A fundraising totaling $35 million in connection with the deployment of the M^0 core protocol and on-chain governance mechanism on Ethereum Mainnet. The Series A funding round was led by Bain Capital Crypto (Bain Capital’s crypto investment platform).

Mistral AI: €600 Million Raised At About A €6 Billion Valuation

By Amit Chowdhry ● Jun 11, 2024

Mistral AI, a Paris-based open and portable generative AI service for developers and businesses, announced it has raised €600 million in a Series B funding round. General Catalyst led the round, which also included Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas, Nvidia, Salesforce, Samsung, and IBM. The valuation of the company is now estimated to be about €6 billion.

Brightwave: AI-Based Financial Research Assistant Company Raises $6 Million

By Amit Chowdhry ● Jun 11, 2024

Brightwave, an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject, today announced $6 million in seed funding. This funding round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn.

Cisco: $1 Billion Global AI Investment Fund Revealed

By Amit Chowdhry ● Jun 10, 2024

Cisco Investments (the global corporate venture investment arm of Cisco) launched a $1 billion AI investment fund to support the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI, and Scale AI, among others, to advance customers’ AI readiness and complement Cisco’s AI innovation strategy. Cisco already committed nearly $200 million of the $1 billion investment fund to date.

Jump: Financial Advisor AI Platform Company Raises $4.6 Million

By Amit Chowdhry ● Jun 10, 2024

Jump, an AI software platform for financial advisors, announced today that it has raised $4.6 million in funding led by Sorenson Capital with participation from Pelion Venture Partners and strategic angel investors.

CIM Group: $125 Million Loan Commitment To Support Applied Digital’s Computing Campus In North Dakota

By Amit Chowdhry ● Jun 10, 2024

Today CIM Group announced that it closed on an initial $125 million loan commitment with a potential increase up to $200 million to Applied Digital. This loan will fund construction of Applied Digital’s High-Performance Computing (HPC) Campus in Ellendale, North Dakota. The data center is designed to provide massive computing power and support HPC applications.

Permira: Substantial Investment In PharmaCord Revealed

By Amit Chowdhry ● Jun 10, 2024

Global investment firm Permira and PharmaCord, a leading provider of patient services for the pharmaceutical industry, announced that a company backed by the Permira funds has signed a definitive agreement to make a substantial investment in PharmaCord.

Sware: Life Sciences Software Validation Solution Company Raises $6 Million

By Amit Chowdhry ● Jun 10, 2024

Sware, a provider of the most complete software validation solution for innovative life sciences companies, announced that it raised $6 million in Series B funding, bringing its total raised since inception to $26 million. This funding round was led by First Analysis, which joins a syndicate of existing investors that includes LRVHealth, New Stack Ventures, and Insight Partners.

Tektonic AI: $10 Million Secured To Develop Gen AI Agents For Enterprises

By Amit Chowdhry ● Jun 10, 2024

Tektonic AI, a company building GenAI agents for enterprise processes, announced $10 million in funding led by Madrona and Point72 Ventures. Launched by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods leave unaddressed.

Workbox: National Workspace Operator Company Raises $17.5 Million

By Amit Chowdhry ● Jun 10, 2024

Workbox, a Chicago-based national workspace operator, announced it raised $17.5 million in its Series A equity round with a follow-on option to secure an additional $5.5 million. Led by Chicago Atlantic, this funding round will help Workbox accelerate its growth across the US. So far, Workbox has raised over $25 million in total capital ahead of its follow-on allocation.

Torpago: Commercial Credit Card And Spend Management Company Raises $10 Million

By Amit Chowdhry ● Jun 10, 2024

Torpago, a commercial credit card and spend management provider, announced it raised $10 million in a Series B funding round. This funding round was co-led by Priority Tech Ventures (a division of Priority Technology Holdings) and EJF Ventures, with participation from BankTech Ventures and other existing investors.

Viaduct: $10 Million Raised To Solve And Predict Product Failures

By Amit Chowdhry ● Jun 10, 2024

Viaduct, a developer of pioneering AI technology that identifies, solves, and predicts product failures, announced the closing of a $10 million Series B funding led by FM Capital. FM Capital was joined by Innovation Endeavors, Exor Ventures, Stellantis Ventures, and Sumitomo Rubber.

Wavelogix: Purdue University Concrete Sensor Spinout Secures $3 Million

By Amit Chowdhry ● Jun 10, 2024

Wavelogix, a manufacturer of patented and novel concrete strength sensors invented by Purdue University professor Luna Lu, announced it has received $3 million in Series A funding from Rhapsody Venture Partners.

Clean Energy Ventures: $305 Million Fund II Closed To Invest In Climate Innovations

By Amit Chowdhry ● Jun 10, 2024

Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, announced the closing of an oversubscribed second flagship fund with total capital commitments of $305 million.

Town Lane: $1.25 Billion Raised For Inaugural Real Estate Investment Fund

By Amit Chowdhry ● Jun 10, 2024

Opportunistic real estate investment firm Town Lane completed the final close of its inaugural fund Town Lane Real Estate Opportunities Fund I, with $1.25 billion in total commitments.

Rockwood Invests In Energy Renewal Partners

By Amit Chowdhry ● Jun 10, 2024

Rockwood Equity Partners announced that it has completed an investment in Austin-based Energy Renewal Partners (ERP), an energy consulting service provider that specializes in energy development and decommissioning projects across the US.

Squared Circles: $40 Million Raised To Incubate Science-Based Brands

By Amit Chowdhry ● Jun 10, 2024

Squared Circles, a consumer-focused venture studio incubating brands grounded in science, announced the closing of a $40 million Series A funding round led by L Catterton.

ZeroMark: Defense Technology Company Raises $7 Million

By Amit Chowdhry ● Jun 10, 2024

Defense technology company ZeroMark announced a $7 million seed funding round led by prominent venture capital firms Ground Up Ventures and Andreessen Horowitz.

Solutions By Text: Compliance-First Messaging And Payments Company Raises $110 Million

By Amit Chowdhry ● Jun 10, 2024

Solutions by Text (SBT), a leading platform for compliance-first messaging and payments, announced raising $110 million in new growth financing. Growth equity investment firm Edison Partners co-led the transaction with StepStone Group. Stifel Venture Bank (a division of Stifel Bank) provided a lending facility.

TraceAir: Construction Site Analysis Company Raises $25 Million

By Amit Chowdhry ● Jun 9, 2024

TraceAir, a leading provider of site intelligence software for homebuilders and land developers, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital and other existing investors. TraceAir offers builders and developers a visual/collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

Relay: Business Banking Platform Company Raises $32.2 Million

By Amit Chowdhry ● Jun 9, 2024

Relay, a business banking platform that provides small businesses (SMBs) with cash flow clarity, announced the closing of a US$32.2 million Series B financing round, led by Bain Capital Ventures. This brings Relay's total funding to $51.6 million.

Inventive: $6.5 Million Raised To Build Embedded AI For SaaS Companies

By Amit Chowdhry ● Jun 9, 2024

Inventive, a company building embedded AI for SaaS products, announced its official launch and the closing of a $6.5 million seed funding round led by Wing VC, with participation from Tokyo Black and an angel investors group led by founders and former Google and Meta executives. This funding round will go toward advancing the Inventive platform for product teams who need to efficiently deliver valuable AI-powered experiences in their customer-facing software products.

SmartPM: Construction Schedule Control Company Raises $5.5 Million

By Amit Chowdhry ● Jun 8, 2024

SmartPM Technologies, a company that builds automated project controls for construction, announced the successful closing of a $5.5 million Series A funding round. This milestone, led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marks a pivotal moment in SmartPM's journey of innovation and market expansion.

Matter Bio: $7 Million Secured To Preserve Genome Integrity

By Amit Chowdhry ● Jun 8, 2024

Matter Bio, a biotech company focused on preserving genome integrity and extending a healthy human lifespan, announced the successful closing of its seed round funding and raised $7 million to advance its work in longevity research.

Vantage Data Centers: First-Ever EMEA Data Center ABS Closed At £600 Million

By Amit Chowdhry ● Jun 7, 2024

Vantage Data Centers (a leading global provider of hyperscale data center campuses) announced that it has raised £600 million in securitized term notes, marking the first-ever securitization of data center assets in EMEA. The deal includes an additional £100 million in unfunded Variable Funding Notes. The term notes are rated A-, A (low), and A by Standard & Poor’s, Morningstar DBRS, and Scope Ratings, respectively.

Mozilla Unveils Inaugural Builders Accelerator

By Amit Chowdhry ● Jun 7, 2024

Mozilla, the organization behind the popular Firefox browser, announced it launched its inaugural Mozilla Builders Accelerator, a 12-week program designed to support innovative projects that advance AI development and need funding to reach the next level. The selected projects can receive up to $100,000 in funding.

WndrCo: Over $460 Million Closed For New Funds

By Amit Chowdhry ● Jun 7, 2024

WndrCo, a multi-stage holding company and technology investment firm that is transforming how people live and work, announced the closing of over $460 million in new capital. The firm’s new Seed and Venture funds - which marks the expansion of WndrCo’s venture capital arm - will target high-potential companies solving big problems across the future of work, consumer technology, cybersecurity, and developer infrastructure.

Hoop: AI-Powered Productivity Company Raises $5 Million

By Amit Chowdhry ● Jun 7, 2024

Hoop, a to-do list that updates itself, announced $5 million in seed funding, led by Index Ventures, with participation from Origin Ventures, Divergent Capital, and Chingona Ventures. The company’s team (who met as early employees at Trello) will use the funding to deepen Hoop’s AI capabilities, expand its platform integrations, and develop collaborative features. Hoop is currently available to individuals, but will soon launch a version for teams.

Dresser Utility Solutions: $335 Million Credit Facility Secured From Blue Owl Capital

By Amit Chowdhry ● Jun 7, 2024

Dresser Utility Solutions (a leading provider of global infrastructure technology for the energy transition including measurement, instrumentation, coupling and repair, pressure and flow control solutions to water and gas utility and industrial customers, and a portfolio company of First Reserve) announced it has secured a $335 million credit facility from funds managed by Blue Owl Capital's Credit platform.