Aereo, a leading Indian provider of drone-based business intelligence solutions, has successfully secured $15 million in a Series B funding round. This investment, led by 360 ONE Asset, will fuel Aereo’s mission to become a global leader in the drone solutions sector. Aereo’s innovative approach utilizes proprietary drone technology and AI-powered data analytics to deliver…
Saronic, a leader in autonomous surface vessel (ASV) technology, has secured a massive $175 million Series B funding round, propelling the company to a coveted unicorn status with a valuation of $1 billion. This investment, led by Andreessen Horowitz (a16z), will fuel Saronic’s mission to revolutionize naval warfare with its next-generation unmanned technology. Saronic’s ASVs,…
Great news for Kentucky veterans! USA Cares, a national non-profit headquartered in Louisville, has received a significant grant of $2 million from the Commonwealth of Kentucky. This funding will provide vital financial assistance to veterans across the state, ensuring they receive the support they deserve. The funding, distributed over two years, will be instrumental in…
A shining star in the constellation of clean energy solutions, Marathon Fusion, has secured $5.9 million in seed funding to revolutionize fusion fuel processing. This round, led by 1517 Fund and Anglo American, with participation from prominent names like Übermorgen Ventures and Malcolm Handley, propels Marathon Fusion further along its mission of making fusion energy…
Car Capital Technologies, Inc. (“Car Capital”), a leading provider of financing solutions for independent and franchise automotive dealerships, has announced significant advancements in its growth strategy. The company has secured a $70 million committed warehouse facility and reinforced its equity capital, marking pivotal steps towards enhancing its market presence in automotive financing. The senior/subordinate warehouse…
New Frontier Funding, a trailblazer in utilizing generative AI to facilitate credit and debt funding for small and medium-sized businesses (SMBs), has successfully closed a significant round of growth capital from the Homsher Family Office. The investment underscores the transformative potential of artificial intelligence in addressing the systemic challenge of capital access for businesses. Currently,…
EverFence, a pioneering force in the home improvement sector, has announced the successful closure of a $7 million Series A funding round led by HIPstr, the early-stage investment arm of HighPost Capital. This funding round aims to propel EverFence’s expansion into new markets, enhance its technological infrastructure, and bolster its team to meet the growing…
OnRamp Technology Inc., a trailblazer in automating B2B customer onboarding processes, announced a significant funding milestone with $14.2 million secured across seed and Series A rounds. Javelin Venture Partners led the Series A funding, while Contour Venture Partners led the seed round. Noteworthy investors include Pear VC, Quiet Capital, Correlation Ventures, Frontier Ventures, J Ventures,…
Lario Therapeutics, a pioneering biopharmaceutical firm dedicated to advancing precision medicines for epileptic and neurological disorders, has been awarded a substantial $6 million USD grant from The Michael J. Fox Foundation for Parkinson’s Research (MJFF). This funding is earmarked to propel Lario’s preclinical research into CaV2.3 calcium channel inhibitors, heralded as a novel approach to…
Juno, a trailblazer in the realm of child disability insurance in the U.S., has announced a significant milestone with the closure of an $8.5 million Series A funding round led by Spero Ventures, alongside contributions from Floating Point, Newark Ventures, and WVV Capital. This latest infusion of capital brings Juno’s total raised funds to $12.5…
