Silicon Valley Journals

Altair, a global leader in computational science and artificial intelligence (AI), has invested $10 million in Xscape Photonics, a start-up that has developed patented photonic chip technology for ultrahigh-bandwidth connections inside data centers and high-performance computing (HPC) systems. Until now, computing relied on a traditional electronic way to transporting enormous amounts of data from chip … Read more

Quadric, the market leader in general purpose neural processing unit (GPNPU) processor IP, announced today the new investment and completion of its Series B funding round, raising an additional $10 million in equity and debt financing in addition to the $21 million equity investment announced in February. Xerox Ventures and Mesh Ventures have joined prior … Read more

DSD Renewables (DSD) has received $155 million in loans for the first commercial and industrial (C&I) solar asset-backed securitization (ABS) with a high concentration of community solar assets. Credit Suisse Securities (USA) LLC negotiated and underwrote the deal, which represents DSD’s first issue of asset-backed securities. Solar asset-backed securities are a rising possibility for investors … Read more

EnviroSpark, an electric vehicle (EV) charging company based in Georgia, has announced the completion of a $10 million funding round headed by Ultra Capital, an independent investment firm focused on sustainable infrastructure and energy transition. Earlier this year, the company announced a $5 million Series A capital round, bringing total outside investment to $15 million. … Read more

Pack, the leading headless commerce system, announced today a $3 million seed investment round headed by Norwest Venture Partners, with participation from returning investor Alpaca and new investor Vanterra Ventures. The funding will allow Pack to continue its expansion by speeding up its engineering, product, design, and go-to-market efforts. Pack will also use the funds … Read more

Finterest, the first crypto lending protocol available on the Internet Computer (ICP) designed to facilitate native Bitcoin borrowing and lending, has closed its $1.5 million seed round. Among the notable investors are Polychain Capital via the Beacon Fund, an Internet Computer-focused ecosystem fund, and 9Yards Capital. Finterest, which was founded in 2022 by 24-year-olds Olliver … Read more

Peroxitech Inc., a rising biopharmaceutical firm growing a novel peptide for treating acute lung damage, announced the successful closing of a Series A financing round of $25 million led by the Perceptive Xontogeny Venture Fund. The company will use the proceeds to build upon the preclinical work carried out via collaborative partnership and seed funding … Read more

Semler Scientific, Inc., a company that provides technology solutions to improve the clinical effectiveness and efficiency of healthcare providers, announced today an investment of up to $5.0 million in privately held Monarch Medical Technologies, LLC via the purchase of a senior secured convertible promissory note. The note’s repayment is guaranteed by a first priority interest … Read more

Einride, a freight mobility technology business, said today that it has raised $500 million in financing, comprising a Series C equity investment and a debt facility. The debt financing, which is the largest asset-backed credit for heavy-duty electric cars to date, will provide transformative funding for Einride’s global fleet of electric vehicles. The Series C … Read more