Massive Fundings

Axonius, an eight-year-old New York startup that specializes in managing and securing a company’s connected devices and software, raised a $200 million Series E extension at a $2.6 billion valuation. The deal was co-led by Accel and Lightspeed Venture Partners, with Stripes also participating.

Dtex Systems, a 24-year-old company based in San Jose, CA, whose machine learning platform can spot potential insider security breaches, raised a $50 million Series E round from CapitalG at a $400+ million valuation.

MiniMax, a three-year-old Chinese startup that is developing large language models similar to OpenAI’s ChatGPT, is in the market to raise $600+ million at a $2.5 billion valuation. The deal is being led by Alibaba and includes Hongshan, according to a report by Bloomberg.

Monzo, a nine-year-old London neobank, raised a $432.2 million round at a $5.1 billion post-money valuation led by CapitalG, with additional participation from GV and HongShan as well as previous investors Passion Capital and Tencent.

Overjet, a six-year-old, Boston-based outfit that’s developing an AI platform that helps diagnose disease from scans and other data in order to make trips to the dentist easier for patients and insurers, has raised $53.2 million in funding. March Capital led the round; General Catalyst Partners, Insight Partners, the Massachusetts Institute of Technology’s E14 Fund and the American Dental Association joined the round.

RapidSOS, a five-year-old New York startup that uses AI to help emergency response teams, raised a $75 million Series D extension round. BlackRock was the deal lead, with NightDragon, BAM Elevate, Insight Partners, Balyasny Asset Management, Manhattan Venture Partners, Acrew Capital, and Harmonic Growth Partners also contributing.

Salla, an eight-year-old Saudi Arabian startup that helps Middle Eastern SMBs create online stores, raised a $130 million pre-IPO round led by Investcorp, with STV and Sanabil Investment also taking part. Wamda has more here.

Sunfire, a 14-year-old company based in Dresden, Germany, that specializes in creating technology for producing clean hydrogen, raised a $233.5 million Series E round. Investors included LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity as well as previous investors Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital. European Investment Bank also extended the company a $108.5 million term loan.

Big-But-Not-Crazy-Big Fundings

Ema, a San Francisco startup that is developing a “universal AI employee” to automate various repetitive and time-consuming tasks across different job functions, raised a $25 million round co-led by Prosus Ventures, Accel, and Section 32, with additional funds provided by Wipro Ventures, Venture Highway, AME Cloud Ventures, Frontier Ventures, Maum Group, and Firebolt Ventures as well as Sheryl Sandberg, Dustin Moskovitz, and Jerry Yang.

Formalize, a four-year-old Danish startup that offers tools for businesses to manage compliance and ethics reporting and maintain regulatory standards, raised a $16.3 million round led by BlackFin Capital Partners, with previous investor West Hill Capital also chipping in.

Haiper, a two-year-old London startup that offers AI tools to create high-quality videos from text inputs, raised a $13.8 million seed round. Octopus Ventures led the deal, with participation from 5Y Capital.

Harness Wealth, a six-year-old New York startup that offers financial and now tax advice to startup founders and employees, raised a $17 million Series A extension led by Three Fish Capital, with participation from Day One Ventures and Northwestern Mutual Ventures as well as previous investor Jackson Square Ventures and Salesforce CEO Marc Benioff.

IO Research, a startup that developed the Solana-based decentralized physical infrastructure network io.net, raised a $30 million Series A round at a fully diluted token valuation of $1 billion. The deal was led by Hack VC, with Multicoin Capital, 6th Man Ventures, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, and The Sandbox also piling on.

Limbic, a six-year-old London startup that has developed a mental health chatbot used by the UK’s National Health Service, raised a $14 million Series A round. Khosla Ventures was the deal lead, with Gainangels and Illusian also investing.

Multiverse Computing, a four-year-old Spanish startup that specializes in applying quantum computing solutions to solve complex problems in industries such as finance, manufacturing, energy, cybersecurity, and defense, raised a $27.1 round million round at a $108 million post-money valuation. Columbus Venture Partners led the transaction, with the European Innovation Council Fund, Redstone QAI Quantum Fund, and Indi Partners as well as previous investor Quantonation Ventures also stepping up.

Taiko, a two-year-old startup that is dedicated to creating web3 infrastructure aimed at fostering a censorship-resistant internet, raised a $15 million Series A round co-led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, and WW Ventures also anteing up. The company has raised a total of $37 million.

Wagely, a one-year-old Jakarta startup that enables employees to access their earned salary before their payday, raised a $23 million round in debt and equity. Capria Ventures led the investment.

Yuno, an eight-year-old Bogotá startup whose platform is designed to simplify online payment processes for e-commerce businesses, online marketplaces, and fintech companies, raised a $25 million Series A round at a $150 million valuation. The deal lead was DST, with Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees also pitching in.

Smaller Fundings

Agio Ratings, a seven-year-old London startup that specializes in assessing risks associated with cryptocurrencies, raised a $4.6 million in pre-seed and seed funding led by Superscrypt, with Portage and MS&AD Ventures also taking part.

Catalog, a Paris startup that is developing a B2B commerce platform tailored for small businesses, raised a $3.3 million round. LocalGlobe was the deal lead.

Gridcog, a four-year-old London startup that helps companies monitor the steps they’ve taken to go green, raised a $4.2 million round. AlbionVC was the lead investor.

RemotePass, a four-year-old UAE startup that offers services to companies for onboarding, managing, paying, and retaining remote employees globally, raised a $5.5 million Series A round. 212 VC led the investment, with additional investors including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and the Swiss Founders Fund.

Sahara, a Los Angeles startup that is building what it calls a “decentralized AI network” to help workers and companies get compensated for their knowledge, expertise, and data, raised a $6 million seed round. Polychain Capital was the deal lead, with Samsung Next, Matrix Partners, and the Motherson Group also contributing.

Stack, a startup that is creating a digital platform for managing loyalty and rewards programs using blockchain technology, raised a $3 million seed round led by Archetype, with Coinbase Ventures, Scalar Capital, and A.Capital also stepping up.

StackOne, a one-year-old London startup that helps SaaS companies connect their products with their customers’ existing ecosystems via APIs, raised a $3.6 million seed round led by Episode 1 and including Playfair Capital, Portfolio Ventures, and Sequoia’s Scout fund.

Tiny Health, a four-year-old Austin startup that focuses on providing early detection of health issues in infants through microbiome analysis, raised a $8.5 million Series A round led by Spero Ventures and including TheVentureCity, Overwater VC, Next Coast Ventures, and Peterson Ventures. The company has raised a total of $13 million.

TollBit, a New York startup whose platform helps websites protect and monetize their content against AI web scraping, raised a $7 million round led by Sunflower Capital and including AIX, Lerer Hippeau, Operator Collective, and Liquid 2 Ventures.

Affiliate Links

Coda.io: Your all-in-one collaborative workspace. Bring teams and tools together for a more organized work day.

Airtable: The fastest way to build apps. Empower your team to work faster and more confidently than ever before.

Privacy: Protect Your Payments and Keep Free Trials Free. Shop privately and securely. Pay with virtual Privacy Cards that shield your card info.

Becomes a Seller on TeePublic. Upload a design, a title and descriptions. Get a share of all sales.

Buy Me a Coffee