In a significant advancement for defense technology, 1st Edge, a prominent small business provider to the Department of Defense, has been awarded a substantial $35.8 million Other Transaction Authority (OTA) contract by the U.S. Army Space and Missile Defense Command (SMDC). This three-year initiative will focus on developing pioneering artificial intelligence and machine learning (AI/ML)…
Wilya, previously known as Gig and Take, has announced a significant milestone with the closure of a $4 million seed funding round led by Ironspring Ventures. This funding underscores Wilya’s innovative approach in revolutionizing HR practices within the manufacturing and supply chain sectors through its advanced SaaS platform. Founder and CEO Rahil Siddiqui expressed excitement…
Prana Thoracic, a medical device company pioneering minimally invasive lung tissue excision, today announced the closing of a $3 million extension to its Series A financing round. The additional funding brings the total capital raised to $9 million. The oversubscribed round reflects strong investor confidence in the company’s innovative approach to addressing early-stage lung cancer. …
Foray Bioscience, a pioneering force in sustainable biotechnology, has announced a significant milestone with the successful closure of a $3 million seed funding round led by ReGen Ventures. This latest injection of capital, supported by prominent investors including The Engine Ventures and Susquehanna Sustainable Investments, underscores Foray’s commitment to reshaping the future of plant-based industries…
Soluna Holdings, Inc. (NASDAQ: SLNH), a trailblazer in green data centers for intensive computing applications, has announced a significant funding boost for its subsidiary, Soluna Cloud. The additional $1.25 million in financing, facilitated by BitOoda Technologies and Imperial Capital, brings Soluna Cloud’s total credit facility to $13.75 million. This capital injection is earmarked to propel…
Nanopass Technologies, a pioneer in intradermal delivery solutions, has secured a significant $4 million investment from lead investor Awz Ventures, as part of a $6 million funding round. This marks a major milestone for NanoPass, solidifying their position as a frontrunner in the development of safe, precise, and efficient drug delivery methods. The investment fuels…
Pine, a rapidly ascending AI platform that acts as an autonomous digital agent for consumers, today announced the successful close of a $25 million Series A funding round. The financing, which positions Pine to scale its unique “ask-and-it’s-done” technology, was led by Fortwest Capital. Pine’s platform moves beyond the reactive nature of chatbots; it is…
SoundHound, a leading voice artificial intelligence company, has announced its acquisition of Allset, a Los Angeles-based online ordering platform founded by Ukrainians Stas Matviyenko and Anna Polishchuk. This strategic move is set to bolster SoundHound’s capabilities in the restaurant sector, enhancing its commitment to innovation and voice commerce. Founded in 2015, Allset has established itself…
In the burgeoning field of cybersecurity, few challenges loom as large as the crackling overload of alerts, the maze of integrations, and the chronic shortage of skilled analysts. Enter Bricklayer AI (bricklayer.ai), an Arlington, Virginia‑based startup launched in 2024. The company has announced a US$5 million Seed round led by Tech Square Ventures, with participation from returning backers including…
Katara, the innovative platform at the forefront of AI-driven workflow automation, has announced a remarkable $2.2 million in seed funding. The round, spearheaded by Diagram Ventures and Sparkle Ventures, with additional support from StreamingFast and key angel investors, brings the company’s total funding to $2.6 million when including its pre-seed round. The funds will be…
