Finance

Rainforest, a startup that embeds payment processing into other software platforms, has raised $29 million in a Series B funding round. Matrix Partners and Infinity Ventures co-led the financing for the Atlanta-based company, which also included participation from Accel, Tech…

Space DOTS, a London-based spacetech startup, has announced the completion of a $1.5 million seed funding round led by Female Founders Fund. The company has now raised a total of $3.2 million in total funding to advance its mission of…

Avelo Airlines, America's ultra-convenient low-fare airline, announced it has closed on a new round of significant growth capital to support its continued expansion across the United States and the Caribbean. This financing round represents the single largest investment in Avelo…

Dazl, the AI creation platform for building high fidelity, production-ready applications, announced it has emerged from stealth with $10 million in seed funding. The round was led by 40RTY Fund, with participation from Wix and Wix co-founder Nadav Abrahami. Assaf…

Cassidy, the fast-growing context-powered AI automation platform for non-technical teams, has raised $10 million in Series A funding led by HOF Capital, with participation from The General Partnership, Neo, Alumni Ventures, Quest Venture Partners, and others. Cassidy enables business users…

Elon Musk's SpaceX has agreed to acquire wireless spectrum licenses from EchoStar Corporation for approximately $17 billion, a transformative deal that will expand the satellite internet provider's direct-to-cell capabilities while providing a financial lifeline to the embattled telecommunications company. Deal…

Hello Patient, the conversational AI company reinventing patient communications, announced a $22.5 million Series A financing led by Scale Venture Partners, with participation from 8VC, Bling Capital, Max Ventures, Remus Capital, and FirstLook Partners. The Hello Patient platform handles end-to-end…

Augment, an AI productivity platform for logistics founded by former Deliverr CEO Harish Abbott, announced it raised an $85 million Series A led by Redpoint, with participation from 8VC, Autotech Ventures, and others. The massive round comes just five months…

Anthropic has completed a $13 billion Series F funding round that values the AI research company at $183 billion post-money, tripling its valuation from six months ago and marking one of the largest venture funding rounds in technology history. The…

OpenAI announced it has agreed to acquire product testing startup Statsig for $1.1 billion in an all-stock deal, marking one of the largest acquisitions in the ChatGPT maker's history while simultaneously reshuffling its leadership team to strengthen its applications business.…

LayerX, a Japanese AI SaaS startup that helps enterprises automate back-office workloads, announced it has secured $100 million in Series B funding led by Technology Cross Ventures (TCV), marking the U.S. investment firm's inaugural investment in a Japanese startup. The…

OffGrid Energy Labs, a deep-tech startup incubated at IIT Kanpur, announced it has secured $15 million in Series A funding to scale its proprietary zinc-bromine battery technology that offers a compelling alternative to lithium-ion systems for stationary energy storage applications.…

A groundbreaking new report from MIT has delivered a sobering reality check to the corporate world's AI enthusiasm, revealing that despite massive investments totaling $30-40 billion in enterprise AI initiatives, a staggering 95% of generative AI pilot projects are failing…

Pintarnya, an Indonesian employment platform that combines job matching with integrated financial services, has successfully raised $16.7 million in Series A funding to expand its services for the country's massive blue-collar workforce. The funding round was led by prominent venture…

Wisdom, a leading AI-powered dental revenue cycle management (RCM) platform, announced it has raised $28 million in total capital, including a $21 million Series A round led by Permanent Capital Ventures (PCV), with participation from Aquiline and existing investor Juxtapose.…

KromaTiD, a pioneering force in next-generation genomic structural analysis, announced the successful close of its Series C funding round, raising a total of $8 million and surpassing its targeted capital goals. The most recent tranche of the round contributed $3.8…

Therm, a carbon project developer focused on decarbonizing the food supply chain, announced it has closed a $3.6 million Series A funding round from the same private investors who funded its seed round in 2021. The investment will accelerate the…

Method AI, a medical technology company focused on improving oncology outcomes through image-guided surgical navigation, announced it has raised $20 million in Series A funding. The financing round, led by a private family office with participation from Cleveland Clinic and…

Ontic, a leading software platform for connected security intelligence, announced it has raised $230 million in Series C funding led by funds managed by KKR, a global investment firm, with participation from JMI Equity, Silverton Partners, Ridge Ventures and Ten…

Bluefish, the leading AI marketing platform for the Fortune 500, announced a $20 million Series A funding round led by NEA, with participation from Salesforce Ventures. Additional investors include Crane Venture Partners, Swift Ventures, and Bloomberg Beta, bringing total Bluefish…