Today 7 Companies Raised $176.3 Million.
Transak, Carrum Health, Atomberg, Alive, Human In Motion Robotics, VEERUM, and Segmind announced fundraising rounds.
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Deal #1: Transak Secures $20 Million Funding for its Web3 Payments and Onboarding Platform.
About:
Transak, a global provider of web3 payment and onboarding infrastructure, has secured $20 million in funding. Their platform enables seamless transitions between traditional finance and crypto assets. Web3 platforms utilizing Transak can offer users the ability to buy or sell crypto assets in over 150 countries. Transak simplifies the process by handling user KYC, risk monitoring, compliance, payment methods, and customer support. Transak's product suite includes fiat-to-crypto services (On/Off-Ramps), a fiat-to-smart-contract solution (Transak One), and a fiat-to-NFT checkout solution. They support onboarding to over 160 crypto assets across 75+ blockchains and have gained the trust of 350+ applications, including MetaMask and Coinbase Wallet. Transak aims to enhance accessibility to web3 applications, playing a pivotal role in the evolution of web3 payments and onboarding. The recent funding will further support their efforts in this space.
Funding Round Info:
Transak successfully raised $20 million in a Series A funding round. The investment round was led by CE Innovation Capital, a prominent Chinese venture capital firm. Notable web3 investors, including SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, and others, also participated in the funding. Additionally, influential web3 figures and angel investors, such as Jan Hammer of Index Ventures, Charles Delingpole of ComplyAdvantage, and Sandeep Nailwal of Polygon, contributed to the round. CE Innovation Capital expressed their confidence in Transak's potential to drive the web3 ecosystem forward, emphasizing the company's On & Off Ramp solution as a powerful tool in attracting the next billion web3 users. They praised Transak's recent initiatives, including Transak One and NFT checkout offerings, for not only reducing entry barriers into web3 but also redefining them. With the newly raised funds, Transak aims to expand its global coverage and further develop its onboarding solutions, with a specific focus on web3 games and financial applications.
Deal #2: Carrum Health Raises $45M Series B Led by OMERS Growth Equity to Expand Cancer Care.
About:
The healthcare industry is widely recognized for its complex and costly nature. Carrum Health, however, is taking a pragmatic approach to address these challenges and bring increased value to employers and their employees. Through their unique platform, Carrum Health directly connects self-insured employers with reputable regional healthcare providers, offering a comprehensive bundled payment solution that stands out in the industry. By reimagining the payment model, Carrum Health aims to simplify the healthcare experience and deliver improved value for employers. Their innovative platform streamlines the payment process and transforms how care is delivered, resulting in enhanced efficiency and access to high-quality services. Employers can expect greater cost-effectiveness and better health benefits for their workforce through Carrum Health's solutions.
Funding Round Info:
Carrum Health has successfully raised $45 million in a Series B funding round. OMERS Growth Equity, along with new investor Revelation Partners and existing investors Tiger Global Management, Wildcat Venture Partners, Cross Creek, and SpringRock Ventures, participated in the round. With this latest funding, Carrum Health's total raised capital reaches $96 million. The company plans to allocate the new funds into two key areas. Firstly, Carrum Health intends to make significant investments in the field of oncology, aiming to establish itself as the go-to solution for employers seeking comprehensive oncology care. They aim not only to address oncology treatment but also to provide support to employees going through an oncology episode. Secondly, Carrum Health plans to expand the scope of its core offering in the field of surgery. As part of the investment, Teresa Lee, Managing Director of OMERS Growth Equity, will join Carrum Health's board of directors. The collaboration with OMERS Growth Equity further strengthens Carrum Health's strategic position and brings valuable expertise to the company.
Deal #3: Atomberg Secures $86M in Series C Funding Led by Temasek and Steadview Capital.
About:
Atomberg Technology is a company with ambitious goals in the realm of household appliances. They aspire to become the "Tesla" of this industry by leveraging the power of energy efficiency and the Internet of Things (IoT). Their vision is to create a new generation of smart, connected, and intelligent appliances that will disrupt the market and redefine the way we interact with everyday household devices. By focusing on energy efficiency, Atomberg Technology aims to reduce energy consumption and promote sustainability in the home. Additionally, their integration of IoT technology allows for seamless connectivity and intelligent control of appliances, enhancing user experience and convenience. Atomberg Technology's innovative approach to household appliances has the potential to revolutionize the market. By combining energy efficiency and IoT capabilities, they are poised to introduce a new era of intelligent appliances that will shape the future of our homes.
Funding Round Info:
Atomberg Technology, a leading consumer appliances brand, has successfully secured $86 million in a Series C funding round. The round was led by prominent investors Temasek and Steadview Capital. Trifecta Capital, as well as existing investors Jungle Ventures and Inflexor Ventures, also participated in the funding. The raised capital will be utilized to strengthen manufacturing capabilities, support the launch of new products, expand offline presence in key regions, and solidify Atomberg Technology's position in India's consumer appliance market. The Mumbai-based startup aims to enhance its product offerings, including mixer grinders, the 'Aris' fan series, and smart locks. Additionally, the company plans to bolster its research and development capabilities to facilitate new product launches across various categories. Atomberg Technology's successful funding round underscores investor confidence in the company's growth potential and its commitment to innovation in the consumer appliance sector.
Deal #4: Alive Secures $5 Million in Seed Funding as the Leading Full-Stack Web3 AI Platform.
About:
Alive is dedicated to creating a globally leading decentralized artificial intelligence (AI) platform with the support of a diverse community of developers, individuals, economists, and technologists. The Alive Foundation acts as a steward, providing assistance and fostering the growth of the vibrant Alive community until it becomes self-sustaining. Time51 Labs played a pivotal role in launching Alive and currently serves as advisors to the Foundation, offering valuable guidance and expertise. They also serve as operators, actively contributing to the development and operation of the platform. With a focus on decentralization and community involvement, Alive aims to revolutionize the AI landscape by leveraging the collective wisdom and skills of its participants. By fostering collaboration and innovation, Alive strives to build an AI platform that meets the needs of its users and promotes the advancement of AI technology in a transparent and inclusive manner.
Funding Round Info:
Alive, a promising company in the AI space, successfully concluded its seed funding round on March 16th. The round saw a significant investment of $5 million and propelled the company to an impressive valuation of $45 million. Leading the round was Myer Capital, with notable participation from Space Capital, Main Sequence Ventures, Carmel Ventures, and other esteemed institutions. The funds raised in this round will be strategically allocated to bolster the engineering team and accelerate the development of the Alive platform. The company has already made noteworthy advancements in its underlying AI technology, and this injection of capital will further drive its progress. With a valuation of $45 million achieved through the seed round, Alive is positioned for continued growth and success in its upcoming funding rounds. The company is anticipated to experience a substantial increase in valuation, reflecting the confidence and excitement surrounding its future prospects.
Deal #5: Human In Motion Robotics Inc Secures $10 Million Investment to Successfully Conclude Series A Round.
About:
Human in Motion Robotics is an innovative startup that has developed cutting-edge wearable lower limb exoskeleton technology. This breakthrough technology sets itself apart from previous industry trends by providing users with a natural walking experience while maintaining balance in various challenging activities, such as uphill climbs, downhill descents, twisting movements, and navigating stairs. The exoskeleton incorporates miniaturized adaptable robotic joints for the hip, knee, and ankle, leveraging state-of-the-art patent pending mechanisms. This intelligent design enables the exoskeleton to deliver exceptional performance. Its versatility makes it suitable for a wide range of applications, including mobility assistance devices, motion augmentation, robotic rehabilitation, the gaming industry, robotic surgery, and fall prevention. By introducing this advanced lower limb exoskeleton, Human in Motion Robotics aims to revolutionize the field and address the needs of various industries. The technology's unique qualities make it a feasible solution for enhancing mobility, facilitating rehabilitation, and expanding possibilities in fields ranging from gaming to surgical procedures, ultimately enhancing the quality of life for individuals in need.
Funding Round Info:
Human In Motion Robotics Inc (HMR), a renowned robotics company specializing in advanced human-centric wearable robotic technologies, is pleased to announce the successful closing of its Series A funding round, raising over $10 million. A significant investment of $8 million and a strategic partnership has been secured from Beno Holdings, a prominent Korean firm with a focus on technology investments. This funding milestone marks a significant achievement for HMR, allowing them to further advance their innovative robotic technologies and expand their market presence. The partnership with Beno Holdings brings valuable strategic support, reinforcing HMR's position in the industry and opening new avenues for growth and collaboration. HMR's expertise in human-centric wearable robotics positions them as a leader in the field, with a focus on developing cutting-edge technologies that enhance human capabilities and improve quality of life. The successful Series A funding round sets the stage for HMR's continued progress in delivering groundbreaking solutions and driving innovation in the robotics industry.
Deal #6: VEERUM Secures $9.3 Million in Funding to Accelerate Growth as a Leading Digital Twin Solution.
About:
VEERUM is a Software-as-a-Service (SaaS) provider that leverages digital technology to assist clients in creating and maintaining a more sustainable world. Their focus lies in applying innovative solutions to asset ownership challenges. At the core of VEERUM's offerings is the Asset Visualization Platform, which equips stakeholders with advanced tools and information to optimize asset outcomes. Through their secure cloud-based web solution, VEERUM enables data transparency throughout the entire asset lifecycle. This empowers asset stakeholders to access aggregated asset data within the context of a 3D model, providing a comprehensive audit history of the asset. With a commitment to simplicity and user-friendliness, VEERUM stands out as a straightforward and accessible solution in the market. By embracing VEERUM's technology, clients can effectively navigate their digital adoption journey and stay ahead of the competition. By accelerating the transition to digital asset ownership, VEERUM's clients play a significant role in building and maintaining critical infrastructure worldwide. Established in 2014, VEERUM operates as a global software provider with headquarters based in Calgary, Alberta.
Funding Round Info:
VEERUM, a dynamic technology firm operating in the industrial asset visualization space, is delighted to announce its latest funding round of $9.3 million. The round was led by Idea Well Capital Partners, with participation from existing investors including BDC Capital's Industrial Innovation Venture Fund, Evok Innovations, and Builders VC. The additional financing will play a pivotal role in driving VEERUM's growth and solidifying its position as the premier digital twin solution for industrial assets. With an impressive year-over-year growth rate of 208% and a growing clientele spanning the energy, mining, and manufacturing sectors, VEERUM has established itself as an integral solution within its clients' digital toolkits. The latest funding infusion will enable VEERUM to further enhance its offerings and meet the evolving needs of its expanding customer base. VEERUM's success lies in its ability to provide innovative asset visualization solutions, empowering industrial clients to optimize their operations through digital twin technology. By leveraging the funding and building on their achievements, VEERUM is well-positioned to lead the market in digital twin solutions for industrial assets.
Deal #7: Segmind Raises $1 Million to Expedite Deployment of Generative AI Models for Developers.
About:
Segmind offers a serverless optimization and development platform tailored for generative AI. Their platform enables the creation of web designs, mockups, illustrations, pictures, marketing content, and VFX gaming elements, among others. By harnessing the power of generative AI, Segmind empowers developers to explore new possibilities and streamline the process of generating diverse and innovative visual assets. The platform serves as a valuable tool for various applications, providing users with the means to enhance their creativity and efficiency in areas such as web design, marketing, and gaming. Segmind's focus on generative AI development showcases their commitment to leveraging advanced technologies to simplify and enhance creative processes in multiple domains.
Funding Round Info:
Segmind is excited to announce the successful closing of a $1 million funding round. The investment will fuel the next phase of growth for Segmind as they continue to empower developers worldwide in seamlessly integrating generative models into their applications. The funding round was led by All In Capital and Paradigm Shift Capital, with participation from WEH Ventures and 100x Entrepreneur Fund. This significant investment demonstrates the confidence and support from prominent venture capital firms in Segmind's mission to simplify the adoption of generative models for developers. The funds will be instrumental in further advancing Segmind's platform, expanding its capabilities, and enabling developers to harness the potential of generative models more easily. Segmind's commitment to helping developers integrate generative models aligns with the growing demand for advanced AI solutions in various industries. This funding round positions Segmind for continued growth and reinforces its position as a key player in the development and integration of generative models.