General partnership

TurbineOne Raises $15M in Series-A Funding Round

Retrieved on: 
Wednesday, March 27, 2024
Mobile, Wireless, Technology, Military, Telecommunications, Software, Audio, Video, Government Technology, Hardware, Defense, Artificial Intelligence, Machine learning, Friction, FPS, Noise, Intelligence, Department of Defence, United States Navy, Special forces, Traction, General partnership, Series, Multimedia, Intel, Government, Army, Medical device

TurbineOne Inc ., a leader in government Machine Learning (ML) that is simple-to-use and edge-first, announced today it raised $15 million in its Series-A funding round.

Key Points: 
  • TurbineOne Inc ., a leader in government Machine Learning (ML) that is simple-to-use and edge-first, announced today it raised $15 million in its Series-A funding round.
  • The round is led by Bessemer Ventures Partners with participation from previous investors The General Partnership and XYZ Ventures.
  • Pallas Ventures, a national security focused investment firm, also joined this round.
  • “With the backing from a visionary and audacious team of investors, TurbineOne will continue its mission to provide American service members with decision advantage,” said TurbineOne Co-Founder and CEO Ian Kalin.

Brightside Health Raises Strategic Series C, Welcomes Trip Hofer to Board of Directors

Retrieved on: 
Tuesday, March 26, 2024
Mental Health, Health, Depression, S32, Growth, Entrepreneurship, Trip, General partnership, Patient, ACME, Publishing, News, Anxiety, DSM-IV codes, MD, Hofer, Blue Cross, Blue Shield, Pharmaceutical industry

Telemental health company Brightside Health today announced a strategic Series C raise led by S32, as well as the appointment of industry titan Trip Hofer to the Board of Directors to advise on go-to-market strategy and execution.

Key Points: 
  • Telemental health company Brightside Health today announced a strategic Series C raise led by S32, as well as the appointment of industry titan Trip Hofer to the Board of Directors to advise on go-to-market strategy and execution.
  • “I’m honored to be joining Brightside Health’s Board of Directors as the company reaches this impressive milestone,” said Trip Hofer, Brightside Health board member and former CEO of Optum Behavioral Health Solutions.
  • In fact, Brightside Health recently announced an expansion with payer partners including CareOregon, Blue Cross and Blue Shield of Texas, and Centene.
  • “We’re thrilled to announce this raise and simultaneously welcome Trip, an incredible industry thought leader, to help propel Brightside Health into the next phase of our growth,” said Brad Kittredge, Co-Founder and CEO of Brightside Health.

MyPrize Emerges Out of Stealth With $140 Million Total Enterprise Value, the Most Valuable Online Social Casino Pre-Launch

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Entertainment, Technology, Cryptocurrency, Internet, Casino, Gaming, CIO, Dragonfly, Friends, Entrepreneurship, FTX, General partnership, Kadoorie family, Galaxy Digital, Silicon, Jack Entertainment, XP, Justice, Former, Bruch, Multimedia, Blockchain.com

MyPrize transcends those boundaries, giving players and fans what they have been desperately craving: a unified, open platform that combines the best of both online gaming and streaming.

Key Points: 
  • MyPrize transcends those boundaries, giving players and fans what they have been desperately craving: a unified, open platform that combines the best of both online gaming and streaming.
  • MyPrize radically transforms the way players can interact and engage with their favorite streamers, friends, and online games together.
  • MyPrize brings scale and institutional credibility to this emerging industry as the most valuable venture-backed online social casino pre-launch.
  • "With the support of our investors and our team’s commitment to rapid product innovation, MyPrize will define the future of online social gaming."

Vertically Integrated Home Services Provider PipeDreams Announces $25.5M Series A Led by Canvas Ventures and Plural

Retrieved on: 
Tuesday, March 26, 2024
Technology, Manufacturing, Construction & Property, IOT (Internet of Things), Professional Services, Small Business, Building Systems, HVAC, Software, Artificial Intelligence, Other Construction & Property, Automation, OpenTable, Software as a service, Growth, CPO, General partnership, Citysearch, Small business, Engineering, Quality of life, Woman, San Francisco Bay Area, DoorDash, Music

PipeDreams , a tech-enabled home services provider, today announced $25.5M in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M.

Key Points: 
  • PipeDreams , a tech-enabled home services provider, today announced $25.5M in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M.
  • PipeDreams’s mission is to become the most reputable home service provider in every market nationwide.
  • Yet with aging housing stock, demand for plumbing and HVAC services continues to grow at a 5.8% compound annual growth rate.
  • PipeDreams companies operate in the San Francisco Bay Area; the California Central Coast; Southern California; Tucson, Arizona; Denver, Colorado; and McAllen, Texas.

Foundational Secures $8M to Bring AI Agents into Data Engineering

Retrieved on: 
Monday, March 25, 2024
Data Management, Other Technology, Technology, Artificial Intelligence, Software, Singular, Gradient, Wiz, Organization, Viola Ventures, General partnership, Meta, AI, SDLC, Intelligence, Multimedia, Fear, Cryptocurrency

Foundational , a solution using advanced analysis to identify and prevent data issues in data platforms, today announces its general availability with $8 million in seed funding.

Key Points: 
  • Foundational , a solution using advanced analysis to identify and prevent data issues in data platforms, today announces its general availability with $8 million in seed funding.
  • View the full release here: https://www.businesswire.com/news/home/20240325257775/en/
    Data engineering code analysis performed by Foundational (Graphic: Business Wire)
    Data adoption has dramatically grown along with many cloud technologies for handling data at scale, yet data teams still heavily struggle with key problems around governance and quality, trailing behind software engineering.
  • “The inability to validate simple code changes, and the lack of visibility and controls, and the time-consuming nature of data engineering create a dramatic bottleneck on innovation and adoption of data and AI.
  • Software engineering has been able to scale tremendously through the use of code analysis, CI/CD and SDLC, and Foundational is now introducing these to data.

Rithmik Solutions Secures $2 Million in Funding to Revolutionize Mobile Mining Equipment Management

Retrieved on: 
Friday, March 22, 2024
Other Energy, Environmental Issues, Sustainability, Mining, Minerals, Environmental Health, Energy, Technology, Natural Resources, Artificial Intelligence, Environment, Green Technology, Other Technology, Momentum, Growth, The Sprout Fund, General partnership, Female, AI, Software, Machine learning, Renewable energy

Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, is thrilled to announce the successful closure of a $2 million funding round.

Key Points: 
  • Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, is thrilled to announce the successful closure of a $2 million funding round.
  • Rithmik's Asset Health Analyzer (AHA™) leverages advanced machine learning techniques to provide early warnings of equipment issues, optimize maintenance, and deliver insights into aspects of operations impacting asset performance.
  • Rithmik Solutions is poised to use this investment to accelerate its growth, further enhance its product offerings, and expand its reach to help mines around the world maximize the efficiency and lifespan of their mobile equipment.
  • For more information on how Rithmik is changing the landscape of mobile equipment management with AI, visit rithmik.com or contact [email protected] .

Profluent Secures $35M in Additional Funding and Key Industry Experts to Scale Foundational AI Models for Biomedicine and Tackle First Vertical in Gene Editing

Retrieved on: 
Thursday, March 21, 2024
Other Health, Software, Research, Pharmaceutical, Technology, Artificial Intelligence, Genetics, Health Technology, Science, Biotechnology, Other Science, Health, AIX, Cas9, OpenAI, Gene editing, Insight Partners, Growth, Spotlight, General partnership, Salesforce, Nature Biotechnology, Gene, Spark Capital, AI, University, Tome, Nature, Protein engineering, Biology, Microbiology, CRISPR, De novo, ChatGPT, Therapy, Machine learning, Probability, Management

Profluent, an AI-first protein design company, today announced the close of additional funding to bring the total raised to $44M.

Key Points: 
  • Profluent, an AI-first protein design company, today announced the close of additional funding to bring the total raised to $44M.
  • “Our research at the forefront of AI has enabled Profluent to create large language models that begin to learn the blueprint of nature,” said Ali Madani, Profluent co-founder and Chief Executive Officer.
  • By first applying its platform to gene editing, the company showcases AI as the ideal interface for engineering complex biological systems.
  • Just as ChatGPT can write compelling essays and emails, Profluent has developed AI that designs entirely new and functional proteins.

Edison Partners Welcomes Healthcare IT Executive Patrick O’Keefe as Operating Partner

Retrieved on: 
Thursday, March 21, 2024
Hardware, Security, Data Management, Satellite, Technology, Finance, Training, Education, Banking, Professional Services, Other Technology, Telecommunications, Software, Networks, Internet, Mobile, Wireless, Anthem, Partner, Head, Growth, Oxford Health Plans, Health, General partnership, UnitedHealth Group, Development, Management

Edison Partners, a leading growth equity investment firm, today announced the appointment of veteran healthcare executive Patrick O’Keefe as an Operating Partner, further strengthening the firm’s Edison Edge value creation platform.

Key Points: 
  • Edison Partners, a leading growth equity investment firm, today announced the appointment of veteran healthcare executive Patrick O’Keefe as an Operating Partner, further strengthening the firm’s Edison Edge value creation platform.
  • “We are thrilled to welcome a seasoned pro like Patrick to the team, a top notch healthcare industry executive who has advised CEOs and founders over the years to achieve rapid, capital efficient growth for their companies,” said Gregg Michaelson, General Partner and leader of Edison’s healthcare technology sector.
  • “We know both our healthcare practice and our portfolio companies will gain a significant advantage having access to his in-house expertise.”
    O’Keefe brings more than two decades of experience as an operating executive, C-level leader and board member in the healthcare and healthtech sectors to his role at Edison Partners.
  • “I’m eager to offer my in-the-trenches experience to Edison’s portfolio companies, knowing first-hand how much the right partner and advisor can mean in achieving sustainable growth,” said Patrick O’Keefe, operating partner at Edison Edge.

Capstan Therapeutics Announces $175M Oversubscribed Series B Financing

Retrieved on: 
Wednesday, March 20, 2024
Science, Other Science, Biotechnology, Research, Pharmaceutical, Oncology, General Health, Health, Polaris Partners, Cell, General partnership, Venture round, RNA, Messenger, Bristol Myers Squibb, MBA, Bayer, Therapy, OrbiMed, Immune system, Eli Lilly and Company, Series, Investment, Blood, Vaccine

Capstan Therapeutics, Inc. (“Capstan”), a biotechnology company dedicated to advancing in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles (tLNP), today announced the successful closing of a $175M oversubscribed Series B financing.

Key Points: 
  • Capstan Therapeutics, Inc. (“Capstan”), a biotechnology company dedicated to advancing in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles (tLNP), today announced the successful closing of a $175M oversubscribed Series B financing.
  • The Series B financing was led by RA Capital Management, with participation from new investors Forbion, Johnson & Johnson Innovation - JJDC, Mubadala Capital, Perceptive Advisors, and Sofinnova Investments.
  • The proceeds from the Series B financing will be used to advance CPTX2309, Capstan’s lead in vivo chimeric antigen receptor T cell (CAR-T) candidate, to early clinical proof-of-concept in autoimmune disorders, and to further develop Capstan’s tLNP pipeline.
  • “This Series B financing brings together an exceptional syndicate of investors that recognize the potential of Capstan’s in vivo CAR-T technology,” said Laura Shawver, Ph.D., President and Chief Executive Officer of Capstan.

Ethena’s Synthetic Dollar USDe Exceeds $1B Supply

Retrieved on: 
Tuesday, March 19, 2024
Fintech, Other Professional Services, Cryptocurrency, Professional Services, Dragonfly, TVL, Bybit, General partnership, History, FMR, ETH, Decentralized finance, Fidelity Investments, Investment, BitMEX

Just one month after Ethena Labs launched USDe, a crypto-native synthetic dollar, the total supply has exceeded 1 billion.

Key Points: 
  • Just one month after Ethena Labs launched USDe, a crypto-native synthetic dollar, the total supply has exceeded 1 billion.
  • This is the fastest time period in which a dollar based crypto asset has reached 1 billion dollars into mainnet.
  • Backed by Dragonfly, BitMEX founder Arthur Hayes and every major derivative exchange in crypto, Ethena’s synthetic dollar USDe was brought to market alongside the value accruing “Internet Bond” sUSDe.
  • While USDe is a comparable asset to traditional stablecoins in certain aspects, the launch of USDe marks the debut of a new unique digital asset class: the synthetic dollar.