Foundation Capital

Helius Raises $9.5M in Series A Funding to Enhance the Developer Experience on Solana

Retrieved on: 
Thursday, February 22, 2024

Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.

Key Points: 
  • Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.
  • While Solana is perhaps the most scalable, secure, and composable Layer 1 blockchain, it has also created friction for some developers.
  • Helius will use its Series A funding to hire low-level systems and backend engineers.
  • Nick Pennie, COO of Helius, added, “We are proud of Helius’ evolution and our ability to drive value for the Solana ecosystem.

Campfire Secures $3.5M in Seed Funding to Modernize Accounting Software for Startups and Midsize Companies

Retrieved on: 
Tuesday, February 27, 2024

Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue processes.

Key Points: 
  • Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue processes.
  • Campfire secures $3.5M in funding and Y Combinator-backing for its modern accounting platform for mid-size companies.
  • While legacy accounting solutions designed for sole proprietors or huge conglomerates across industries, Campfire is focused on serving startups and mid-size technology companies.
  • Campfire is both simple and scalable, offering two distinct yet synergistic products: Revenue Automation and Core Accounting.

Neurelo Data Access Platform Simplifies and Accelerates Modern Cloud Application Development

Retrieved on: 
Wednesday, January 31, 2024

Cloud Data API innovator Neurelo, Inc. today emerged from stealth, introducing a comprehensive and extensible data access platform that enhances developer productivity by simplifying and accelerating the way they build and run applications with databases.

Key Points: 
  • Cloud Data API innovator Neurelo, Inc. today emerged from stealth, introducing a comprehensive and extensible data access platform that enhances developer productivity by simplifying and accelerating the way they build and run applications with databases.
  • The Neurelo Cloud Data API Platform is generally available as of today, providing auto-generated, purpose-built REST and GraphQL APIs, AI-generated custom-query endpoints, deep query observability, and Schema as Code.
  • Neurelo innovations introduced today include:
    Auto-generated APIs – Neurelo instantly generates purpose-built REST and GraphQL APIs for data access from applications, eliminating developer reliance on ORM and server-side frameworks.
  • The Neurelo Cloud Data API Platform is now generally available.

Anomalo Reports Record Demand for Its Data Quality Platform as It Raises a $33 Million Growth Round With Participation From Strategic Investor Databricks Ventures

Retrieved on: 
Wednesday, January 24, 2024

In 2023:

Key Points: 
  • In 2023:
    Anomalo had record growth, ending its fiscal Q3 with growth of 177% year-over-year in annual recurring revenue – a growth of nearly three-fold.
  • As Jeremy and I suspected when we founded Anomalo, data quality has become an urgent issue in this new world.
  • That allows data management teams to resolve data quality issues before data is put into production.
  • “Anomalo’s AI-powered monitoring and data observability capabilities make it easy for Databricks customers to ensure that trusted, reliable data is driving their business.

Infield announces $3M funding to use AI to manage open-source dependency updates

Retrieved on: 
Tuesday, January 16, 2024

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Infield today announced $3M in funding for its comprehensive open-source dependency manager. The round was led by Foundation Capital with participation of YCombinator and Firsthand Alliance. Adam Gross (former CEO of Heroku), Jonathan Siddarth (founder of Turing) and Austin Ogilvie (founder of Thoropass) also joined as investors. Infield makes open-source dependency upgrades safer and more efficient.

Key Points: 
  • Using LLMs and deep knowledge of common packages, Infield makes dependency management painless while handling breaking changes
    NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Infield today announced $3M in funding for its comprehensive open-source dependency manager.
  • Some updates include "breaking changes", which can cause systems to stop working unless other changes or updates are made first.
  • On the other hand, the longer you wait, the harder it gets as the dependency updates multiply."
  • Infield manages the details of dependency updates, remediating breaking changes where required, as well as figuring out the optimal order for updates.

 Bolt Threads to Become a Public Company, Growing its Pioneering Biomaterials Platform Through Business Combination With Golden Arrow Merger Corp.

Retrieved on: 
Wednesday, October 4, 2023

Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, announced a definitive agreement for a business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”) that would result in Bolt Threads becoming a public company.

Key Points: 
  • Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, announced a definitive agreement for a business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”) that would result in Bolt Threads becoming a public company.
  • Bolt Threads is a mission-driven biomaterials platform created to enable a better future for people and the planet.
  • Additionally, Golden Arrow’s trust account of $21.5M may deliver additional proceeds to the company at closing of the business combination transaction.
  • BTIG, LLC is acting as financial advisor and Latham & Watkins LLP is acting as legal advisor to Bolt Threads.

Ikigai Labs Announces $25M in Series A Funding to Bring Generative AI for Tabular Data to All Enterprises

Retrieved on: 
Thursday, August 24, 2023

SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- Ikigai Labs, a company that unlocks the power of generative AI for tabular data, today announced $25M of new capital by Premji Invest with participation from Foundation Capital and e& capital. The capital will further Ikigai Lab's vision to revolutionize the way enterprises harness AI. Organizations can be trained to master AI leveraging the Ikigai Academy and using the Ikigai platform that is easy, fast and powerful by design.

Key Points: 
  • The capital will further Ikigai Lab's vision to revolutionize the way enterprises harness AI.
  • Organizations can be trained to master AI leveraging the Ikigai Academy and using the Ikigai platform that is easy, fast and powerful by design.
  • We are excited to work with Premji Invest, Foundation Capital, e& capital and luminaries like Diane Greene, who are enabling us to make Generative AI for tabular data truly effective across enterprises."
  • We are excited about the early adoption Ikigai has established within enterprises, and their potential impact across all industries."

ZetaChain Raises $27M for Interoperable Layer-1 Blockchain That Connects All Chains, Including Bitcoin, Cosmos, and Ethereum

Retrieved on: 
Thursday, August 17, 2023

SAN FRANCISCO, Aug. 17, 2023 /PRNewswire/ -- ZetaChain, the layer-one blockchain that brings universal interoperability to crypto, has closed a $27 million equity funding round from a range of top participants. The participants in the equity round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.

Key Points: 
  • ZetaChain started in 2021 and has close to 150 contributors from all over the world.
  • ZetaChain's Ethereum Virtual Machine compatible smart contract layer and omnichain toolkit empower developers to seamlessly implement Bitcoin smart contracts.
  • These represent a diverse range of third-party decentralized applications, including cross-chain DeFi, NFTs, universal web3 social, identity, and gaming protocols.
  • Instead, ZetaChain operates as a transparent Proof-of-Stake blockchain, ensuring complete transparency, verifiability, and trust-minimized functionality for all transactions and activities, including cross-chain transactions.

ZetaChain Raises $27M for Interoperable Layer-1 Blockchain That Connects All Chains, Including Bitcoin, Cosmos, and Ethereum

Retrieved on: 
Thursday, August 17, 2023

SAN FRANCISCO, Aug. 17, 2023 /PRNewswire/ -- ZetaChain, the layer-one blockchain that brings universal interoperability to crypto, has closed a $27 million equity funding round from a range of top participants. The participants in the equity round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust, and others.

Key Points: 
  • ZetaChain started in 2021 and has close to 150 contributors from all over the world.
  • ZetaChain's Ethereum Virtual Machine compatible smart contract layer and omnichain toolkit empower developers to seamlessly implement Bitcoin smart contracts.
  • These represent a diverse range of third-party decentralized applications, including cross-chain DeFi, NFTs, universal web3 social, identity, and gaming protocols.
  • Instead, ZetaChain operates as a transparent Proof-of-Stake blockchain, ensuring complete transparency, verifiability, and trust-minimized functionality for all transactions and activities, including cross-chain transactions.

Trust Lab Closes $15 Million Investment Led by U.S. Venture Partners

Retrieved on: 
Thursday, June 15, 2023

PALO ALTO, Calif., June 15, 2023 /PRNewswire/ -- Trust Lab, the company transforming how companies and public entities safeguard Internet users, today announced it has closed a Series A funding round of $15 million, led by U.S. Venture Partners (USVP) and Foundation Capital. The company's technology detects and monitors harmful content and actors using AI-enabled classifiers and rules engines. Using Trust Lab, technology companies and public entities can better track and measure harmful content across the entire Internet. Current customers include the European Commission/European Union, In-Q-Tel, and many leading social media companies, messaging platforms, and marketplaces.

Key Points: 
  • PALO ALTO, Calif., June 15, 2023 /PRNewswire/ -- Trust Lab, the company transforming how companies and public entities safeguard Internet users, today announced it has closed a Series A funding round of $15 million, led by U.S. Venture Partners (USVP) and Foundation Capital.
  • Using Trust Lab, technology companies and public entities can better track and measure harmful content across the entire Internet.
  • "Many companies and platforms are throttling their investment in Trust & Safety," said Tom Siegel, Co-Founder and CEO of Trust Lab.
  • This is one reason why we invest in technology-driven companies focused on security, privacy, and Internet trust and safety."