CloudBees, a San Francisco, CA-based provider of software development platforms for over 500 enterprises, has acquired Launchable, an AI-augmented testing platform designed to improve quality assurance (QA) processes. The financial details of the acquisition were not disclosed. Founded in 2010 and led by President and CEO Anuj Kapur, CloudBees empowers enterprises to deliver scalable, compliant, … Read more
Chariot, a New York City-based payments company focused on Donor Advised Fund (DAF) giving, has raised $11 million in a funding round led by Maveron. Other participants include Spark Capital, SV Angel, Y Combinator, and notable angel investors Adam Grant, Angela Duckworth, Michael Massaro, and Daffy founder Adam Nash. The funds will be used to … Read more
IDRx, a Plymouth, MA-based clinical-stage biopharmaceutical company, has raised $120 million in Series B funding. The round was led by RA Capital Management, Commodore Capital, and Blackstone Multi-Asset Investing, with participation from new investors Rock Springs Capital and a U.S.-based healthcare-focused fund. Existing investors, including Andreessen Horowitz (a16z) Bio + Health, Casdin Capital, Nextech Invest … Read more
Cala Systems, a Boston-based company specializing in intelligent heat pump water heaters, has raised $5.6 million in Seed funding. The round was led by Massachusetts Clean Energy Center (MassCEC) and Clean Energy Venture Group, with participation from Burnt Island Ventures, Leap Forward Ventures, CapeVista Capital, Collaborative Fund, and Climate Capital. The funds will be used … Read more
Avoli, a Portland-based athletic brand focused on the performance needs of women and girl volleyball athletes, has closed a $2.1 million funding round. The round included contributions from Ho Nam, Managing Director and Co-Founder at Altos Ventures; Blythe Jack, former Managing Director at TSG Consumer Partners and Rosewood Capital; and Pete Saperstone, Partner at Greycroft … Read more
H3X, a Denver-based manufacturer specializing in high power density electric motors, has secured $20 million in Series A funding. The round was led by Infinite Capital, with participation from Hanwha Asset Management, Cubit Capital, Origin Ventures, Industrious Ventures, Venn10 Capital, Lockheed Martin Ventures, Metaplanet, Liquid 2 Ventures, and TechNexus. CEO Jason Sylvestre leads H3X in … Read more
Abnormal Security, a San Francisco-based AI-native human behavior security company, has closed its Series D funding round, raising $250 million and achieving a valuation of $5.1 billion. Wellington Management led the round, with participation from existing investors Greylock Partners, Menlo Ventures, Insight Partners, and CrowdStrike Falcon Fund. The company plans to use the funds to … Read more
Octane (Octane Lending, Inc.), a fintech company based in NYC that enhances the buying experience for significant recreational purchases, has raised $50 million in a Series E funding round. Led by Valar Ventures with participation from Upper90, this round brings Octane’s total funding to $242 million. The funds will be used to accelerate Octane’s expansion … Read more
Muon Space, an end-to-end space systems provider based in Mountain View, CA, has raised $56 million in Series B funding. The funding round was led by Activate Capital, with participation from Acme Capital and existing investors Costanoa Ventures, Radical Ventures, and Congruent Ventures. The newly raised funds will be used to scale operations and expand … Read more
Quantum error correction technology company Riverlane has secured $75 million in Series C funding, bringing their total funding to over $122 million. The round was led by Planet First Partners, with participation from ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund (NSSIF), and Altair. Quantum Error Correction … Read more