Allium Data Raises $750K in Pre-Seed Funding
Allium Data, a Boulder, CO-based insurtech SaaS company, raised $750K in Pre-Seed funding. The company intends to use the funds to accelerate its growth and go-to-market strategy for all platform products. Led by CEO Michael Rost, Allium Data provides the data intelligence industry with novel products that solve data transparency, data integration, and data analytics […]
Reserv Raises $20M in Series A Funding
Reserv, a NYC-based AI-driven insurance claims processing company, closed its $20M Series A financing. The round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group. The company intends to use the funds to expand its generative AI claims data analysis […]
Electric Hydrogen Raises $380M in Series C Funding
Electric Hydrogen, a Natick, MA-based manufacturer of electrolyzers for critical industries to produce the lowest cost green hydrogen, raised $380M in Series C funding. The round was led by Fortescue, Fifth Wall and Energy Impact Partners and included new investors bp Ventures, Oman Investment Authority, Temasek, Microsoft’s Climate Innovation Fund, the United Airlines Sustainable Flight […]
AskFora Raises $1.5M in Total Funding
AskFora, a Norwich, VT-based startup creating solutions to help organizations work with people they know, raised $1.5M in total funding. Backers included Firsthand Alliance, Glasswing Ventures, Koa Labs, Ex Ventures, Perkins Cove Partners, and FreshTracks Capital. The company intends to use the funds to expand operations and its business reach. Led by CEO Omer Trajman, […]
Chai Receives Strategic Investment from CoreWeave at $450M Valuation Cap
Chai, a Palo Alto, CA-based provider of a social AI platform, received a strategic investment from CoreWeave at $450M valuation cap. The deal followed Chai’s pre-seed round in which it raised $2M. The company intends to use the funds to enhance its AI language model competitions. Led by CEO William Beauchamp, Chai provides a social AI platform […]
Bricz Receives Investment from UST
Bricz, a global supply chain company, received an investment from UST, a digital solutions company. The amount of the deal was not disclosed. Founded in 2014 and led by Ram Gopalakrishnan, Founder and Chief Executive Officer, Bricz is a provider of supply chain services supporting retailers, distributors, and 3PLS, all while backed by a mission to create […]
Piccolo Medical Closes $5.5M Series B Funding
Piccolo Medical, Inc., a San Francisco, CA-based developer of catheter navigation technology, closed a $5.5M Series B financing. The round was led by Event Capital Strategies. Chris Yamamoto, Managing Partner of Event Capital Strategies, joined Piccolo’s Board of Directors alongside Drs. Mark Healy and Dan Burnett, the founder of the Theranova medical device incubator. The company intends to use […]
Elligo Health Research Receives $40M Venture Loan Facility from Horizon Technology Finance
Elligo Health Research, an Austin, TX-based provider of a technology platform for clinical research, received a $40M venture loan facility from Horizon Technology Finance (NASDAQ: HRZN). The company intends to use the loan proceeds for general growth and working capital purposes. Led by John Potthoff, Ph.D., Founder and CEO, Elligo Health Research accelerates clinical trials through […]
Arc Raises $70M in Series B Funding
Arc, a Los Angeles, CA-based producer of an electric boat, raised $70m in Series B funding. Backers included Menlo Ventures and current investors Eclipse, Andreessen Horowitz, Lowercarbon Capital, and Abstract Ventures. The company, which has now raised over $100m in total funding, intends to use the capital to continue to expand operations and its development efforts. Founded […]
Lumu Raises $30M in Series B Funding
Lumu, a Doral, FL-based provider of a platform that helps enterprises identify and isolate security compromises, raised $30m in Series B funding. The round, led by Forgepoint Capital, included a $24m equity portion and $6m in debt. The company intends to use the funds to expand the reach of its solution, particularly in the United […]