Massive Fundings

Abridge, a Pittsburgh-based startup focusing on transforming conversations between patients and healthcare providers into structured clinical notes using AI, recently secured $150 million in Series C funding. The round was co-led by Lightspeed Venture Partners and Redpoint Ventures, with participation from several other notable investors, including IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund, Kaiser Permanente Ventures, and CVS Health Ventures.

Fervo Energy, a Houston-based startup founded seven years ago, is seeking to raise $221 million to harness geothermal energy in economically challenging areas using advanced drilling technologies. Previous investors include BHP Ventures, Breakthrough Energy Ventures, Congruent Ventures, DCVC, and Prelude Ventures, along with prominent individuals like Jeff Bezos, Richard Branson, Bill Gates, and Masayoshi Son. 

Big-But-Not-Crazy-Big Fundings

Polygon spinoff Avail, which is creating an Ethereum data network to compete with Celestia, has secured $27 million in a funding round jointly led by Founders Fund and Dragonfly. Other notable contributors to the round include SevenX, Figment, and Nomad Capital. 

Inkitt, a San Francisco-based company that has been operating for 11 years, has secured $37 million in Series C funding. The funding round was led by Khosla Ventures, with participation from existing investors, NEA and Kleiner Perkins. This brings Inkitt's total funding to $117 million. The company's platform allows individuals to publish their stories through an app, and uses AI to identify and refine the most promising ones for sale on another app. 

RobCo, a Munich-based startup founded four years ago, has raised $42.5 million in a Series B funding round. The company develops robotic products, including modular robotic arms that can perform various tasks such as machine loading and welding. Lightspeed Venture Partners led the funding round, with Sequoia Capital, Kindred Capital, and Promus Ventures also participating.

Tracksuit, a three-year-old Auckland-based startup, has raised $13.5 million in a Series A funding round. The round was co-led by Altos Ventures and Footwork. Other participants included AirAngels, as well as previous investors Blackbird, Icehouse Ventures, Ascential, and Shasta Ventures.Tracksuit conducts surveys for brands and provides real-time updates on various brand metrics, such as awareness and preference. The company has raised a total of approximately $18 million to date.

Xcelerate, a Singapore-based startup founded three years ago, secured a funding round of over $25 million. The platform assists businesses in complying with labor laws, health and safety guidelines, financial regulations, and environmental standards. Federated Hermes Private Equity spearheaded the investment, while prior investors Altair Capital and Exacta Capital Partners also contributed.

Smaller Fundings

The Paris-based startup Bolero, which enables individuals to invest in the music rights of their favorite songs and earn royalties from those investments, has secured $2.2 million in seed funding. The investment round was led by XVC Tech. 

Connected, a young Portuguese startup, is dedicated to providing internet connectivity to remote locations worldwide using satellites. Recently, the company secured $2.2 million in funding, co-led by FundBox, Shilling VC, and Iberis Capital. Additional investors include Amena Ventures and Octopus Ventures.

Based in Berkeley, California, FlowGPT is a one-year-old startup that has developed a marketplace where users can find specialized AI prompts for various tasks. The startup recently raised $10 million in a pre-Series A funding round led by Goodwater, with participation from previous investor DCM. 

ISHI Health, a startup based in San Diego that's been operating for two years, has created an online clinic powered by AI to assist individuals dealing with heart failure and other intricate heart conditions. The company recently secured a $4 million funding round, with Takeda Digital Ventures taking the lead in the deal. 

Miruku, a New Zealand startup focused on creating animal-free dairy products, recently secured $5 million in funding. The four-year-old company uses genetic modification to produce dairy proteins and fats from oilseed crops. Motion Capital led the funding round, with participation from NZVC, Cultivate Ventures, Icehouse Ventures, and Movac. This brings Miruku's total funding to $7.4 million.

Northwood Space, a young startup in El Segundo, California, co-founded by a former Disney Channel star, has secured a funding round of $6 million. The company provides hardware and services to enhance the reliability and scalability of satellite communication networks. The funding round was led by renowned venture capital firms Founders Fund, Andreessen Horowitz, and Also Capital. 

Prefer is a Singapore-based startup founded two years ago, has developed a sustainable coffee alternative that is free of beans but still contains caffeine. The startup recently secured $2 million in funding led by Forge Ventures. Other investors who participated in the funding round include Better Bite Ventures, Sopoong Ventures, Seeds Capital, Entrepreneur First, and Pickup Coffee. 

Prowler, a Portland, Maine-based startup that aims to simplify cloud security management by offering automated tools to identify security gaps and compliance issues, has secured $6 million in seed funding. Decibel VC led the investment round.

Siftwell Analytics, Charlotte, N.C.-based AI-powered startup focused on early identification of individuals at risk of developing chronic conditions, has secured a $5.8 million funding round. The funding was led by a group of investors, including AlleyCorp, Arkin Digital Health, Tau Ventures, and The Charlotte Fund.

Sway, a San Francisco startup that specializes in creating eco-friendly packaging products made from seaweed as an alternative to plastic, has successfully raised $5 million in a seed funding round. The round was led by Third Nature Investments, with participation from The Helm, Alante Capital, BAM Ventures, and Superorganism.

Tuned, a four-year-old New York-based startup, recently closed a $3.2 million seed extension round led by Unum Group, with Distributed Ventures also participating. Tuned's telehealth platform provides hearing care support, ranging from prevention to intervention.

Zūm Rails, a four-year-old startup based in Montréal, raised $7.8 million in a Series A funding round. The platform enables different payment methods, like bank transfers and credit card transactions. Arthur Ventures led the investment deal. 

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