Massive Funding

Glean, a five-year-old Palo Alto startup that aims to enhance workplace productivity by using AI to provide a unified search experience across all company apps, recently raised a $200 million Series D round at a $2.2 billion valuation. Earlier investors Kleiner Perkins and Lightspeed Venture Partners co-led the deal. Other participants in the funding round include Sequoia Capital, Coatue, ICONIQ Growth, IVP, and Capital One Ventures. Glean has raised a total of approximately $360 million to date.

Ideogram, a Toronto startup, raised $80 million in Series A funding to create generative AI technology, which focuses on generating visuals from textual descriptions or enhancing existing images. Andreessen Horowitz led the funding round, with Index Ventures, Redpoint Ventures, Pear VC, and SV Angel joining in.

Mainstay Medical, a 16-year-old Dublin company that develops medical devices for treating chronic back pain, has raised a $125 million round. Gilde Healthcare and Viking Global Investors were the co-leads, with previous investors Ally Bridge Group, Sofinnova Partners, Fountain Healthcare Partners, and Perceptive Advisors also participating.

Unseenlabs, a nine-year-old startup based in Rennes, France, that uses satellites to track ships at sea, aiming to improve security and environmental monitoring for clients in maritime industries, has raised a $92.2 million Series C round co-led by Supernova Invest, ISALT, and UNEXO, with previous investors 360 Capital, OMNES, Bpifrance, Breizh Up, and S2G Ventures also participating.

Big-But-Not-Crazy-Big Fundings

Aktiia, a six-year-old Swiss startup, has secured a $30 million funding round led by Redalpine, with Khosla Ventures, Molten, Translink Capital, Verve, and 415 Capital also participating. The company offers a wristband that continuously monitors blood pressure using photonics technology.

Coverdash, a two-year-old New York startup that provides an online platform for small businesses to quickly find and purchase insurance policies customized to their needs, has secured $13.5 million in Series A funding. The round was led by Nyca Partners, with prior investors Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC, and Cameron Ventures also participating.

Ether.fi, a two-year-old startup based in the Cayman Islands, has developed a liquid restaking protocol that allows users to stake their cryptocurrency assets to support the operation and security of a blockchain network in exchange for rewards. The company raised a $23 million round, with Bullish Capital and CoinFund as the co-leads, and OKX Ventures, Foresight Ventures, Consensys, and Amber also participating.

HALO, a five-year-old Irish startup, offers a subscription service for recording, live streaming, and managing video and audio data. They lease body camera technology to sectors like private security and law enforcement. The company has recently raised a $20 million Series A round, with Volition Capital as the sole investor.

NLX, a New York-based startup that has been operating for six years, has secured $12 million in Series A funding. The technology created by NLX enables businesses to design, manage, implement, and evaluate conversational applications that involve chat, voice, and multimodal interactions. Cercano played a crucial role in leading the investment round.

Parspec, a three-year-old startup based in San Mateo, California, has built a platform to simplify the process of finding and buying construction materials. The company recently raised a $11.5 million seed round led by Innovation Endeavors, with Building Ventures, Heartland Ventures, and Hometeam Ventures also investing.

Pelage Pharmaceuticals, a Los Angeles startup, raised $16.75 million in Series A funding. Key investors include GV, Main Street Advisors, Visionary Ventures, and YK BioVentures. The company is developing medications for individuals suffering from hair loss.

Photoroom, a four-year-old Paris startup that makes an AI photo editing app for businesses and consumers, has raised $43 million at a $500 million valuation. Balderton Capital was the deal lead, while Aglaé and previous investor Y Combinator also contributed. The company has raised a total of $64 million.

Redi Health, a three-year-old startup based in Columbus, Ohio, raised $14 million in Series B funding to streamline various aspects of patient care, such as appointment scheduling. Blue Heron Capital led the round with participation from North Coast Ventures, as well as previous investors Refinery Ventures, MCP, Rev1 Ventures, and M25.

Smaller Fundings

BuildBear Labs, a two-year-old Singapore startup, has raised a $1.9 million round co-led by Superscrypt, Tribe Capital, and 1kx, with Iterative and Plug-N-Play also joining in. BuildBear Labs provides a cloud-based platform that enables developers to create and test decentralized applications in a private and scalable environment.

Initia, a one-year-old Singapore startup whose platform aims to simplify the creation and management of blockchain projects, raised a $7.5 million seed round co-led by Delphi Ventures and HackVC, with Nascent, Figment Capital, Big Brain, and A.Capital also anteing up.

KLIQ, a two-year-old London startup whose platform facilitates content creators to launch their own branded mobile apps, acquired $1.5 million in a pre-seed round headed by Serena Ventures.

Shader, an augmented reality (AR) creation tool that uses AI to generate custom effects, has raised $580,000 in seed funding. The company was founded by a former Snap design lead responsible for designing Snapchat’s AR camera. Investors in Shader include Betaworks, Greycroft, Differential Ventures, Mozilla Ventures and On Deck.

Slice, an Israeli startup that aids companies with issuing and managing equity for their international employees, secured $7 million in a seed round led by TLV Partners. Other investors involved in the round were R-Squared Ventures, Jibe Ventures, Wilson Sonsini, and Fenwick & West.

Validation Cloud, a seven-year-old startup based in Zug, Switzerland, that claims to sell web3 infrastructure, has raised a $5.8 million round led by Cadenza Ventures and including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.

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