Funding

Pennsylvania American Water has been awarded $19.3 million in low-interest loans and a grant from the Pennsylvania Infrastructure Investment Authority (PENNVEST). The funding will support crucial infrastructure projects, including upgrades to a wastewater treatment plant in McKean County and the replacement of lead water service lines in Allegheny County. Wastewater Treatment Plant Upgrades in McKean … Read more

Baya Systems, a leader in system IP technology that empowers the acceleration of intelligent compute, today announced it has raised $36+ million in a Series B round led by Maverick Silicon, backed by a strategic investment from Synopsys, with current investors including Matrix Partners and Intel Capital reinvesting into the company. The funding will support … Read more

DryRun Security, an AI-native application security (AppSec) company, announced an $8.7 million seed funding round led by LiveOak Ventures and Work-Bench, with participation from Cannage Capital. The funding will accelerate the company’s mission to revolutionize AppSec with advanced AI-driven solutions tailored for both security and development teams. Introducing Natural Language Code Policies (NLCP)A highlight of … Read more

Baton, the leading marketplace for small and medium-sized business acquisitions, announced a $10 million Series A funding round led by Obvious Ventures, with participation from Burst Capital, FJ Labs, Fluent Ventures, and Spencer Rascoff’s 75 & Sunny. Previous investors Divergent Capital, Bloomberg Beta, and Zeno Ventures also joined the round, bringing Baton’s total funding to … Read more

Databricks, the Data and AI powerhouse, has announced the final close of its Series J funding round, raising $10 billion in equity financing and securing a $5.25 billion credit facility. The funding brings the company’s valuation to an impressive $62 billion. Notable new investors include Meta, Temasek, and entities administered by Macquarie Capital, while existing … Read more

Teal, an AI-powered career platform, has raised $7.5 million in Series A funding, bringing its total financing to $19 million. The round was co-led by CityLight Capital and Flybridge, with participation from Rethink Capital Partners and Lerer Hippeau. The funding will accelerate product development and global scaling of Teal’s advanced AI tools designed to help … Read more

Outfindo, the leading platform that changes how people shop online, has raised €1.2M late-seed round to fuel its growth and new go-to-market channels, building on the momentum of 3x revenue growth since Q1 2024. The round was led by Eleven Ventures, a prominent early-stage CEE fund with a strong track record of investing in over … Read more

Highnote, a leading modern card issuance and program management platform, has raised $90 million in Series B funding, propelling its expansion into U.S. merchant acquiring. The funding round was led by Adams Street Partners, with participation from existing investors Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. Highnote’s latest offering integrates pay-in and pay-out functionalities … Read more

Glox Therapeutics, a company pioneering the development of precision antibiotic therapies based on naturally occurring bacteriocins, today announced it has been awarded a share of the £3 million Collaborative Discovery Programme (CDP) launched by the Cystic Fibrosis Antimicrobial Resistance (CF AMR) Syndicate with funding from the medical research charity, LifeArc. Glox Therapeutics will receive up to £500,000 … Read more

Mitiga, a leader in cloud and SaaS threat detection, investigation, and response (TDIR), has announced a $30 million Series B funding round as it scales operations and expands globally. Led by SYN Ventures, with participation from existing investors including ClearSky, Atlantic Bridge, Flint Capital, DNX Ventures, and Glilot Capital Partners, the funding will fuel Mitiga’s … Read more