Lifesciences | Natick, Mass.
Naveris Raises Extended Series A to Total $19m for Early Detection Blood Tests of HPV and Other Viral-Related Cancers
Naveris, a molecular diagnostics healthcare company focused on novel diagnostic technologies for early detection of virus-related cancers, closed an extension of its Series A round led by Gurnet Point Capital bringing total company funding to over $19 million to date. Funds will be used to make their lead product NavDx® more accessible to patients to generate more data and integrate it into treatment guidelines, continue product development and advance the company’s pipeline of other viral-related cancer detection tests. [Full story]
Tech | Philadelphia, Pa.
Deepwave Digital Closes $3M Seed Funding for Industry Disruptive AI Radio Tech
Deepwave Digital, provider of AI enterprise-level sensor solutions for a wide range of radio frequency (RF) and wireless systems, closed a $3M seed round led by Northrop Grumman and Jumpstart NJ Angel Network. Deepwave provides core aerospace and defense market technologies and is also a critical component in the 5G Citizens Broadband Radio Service (CBRS). Funding will be used to accelerate growth in those markets. [Full story]
Transportation | Boston, Ma.
The Routing Company Closes $5 Million Seed Round for Sustainable Dynamic Transit Platform
The Routing Company, an MIT spin out, creator of a smart, sustainable transit provider platform with dynamic routing and vehicle management, closed a $5 million seed round led by The Engine. Funds will be used for commercialization of their shared rides technology platform, product refinement and team growth. [Full story]
Cleantech | San Carlos, Ca.
Swift Solar Secures Over $8M in Seed Funding to Disrupt Solar PV Industry with Metal Halide Perovskite Solar Panels
Swift Solar, developing PV panels with metal halide perovskites projected to outperform today's PV technologies, secured over $8 million in Seed 2 funding, and is expected to close on another $1.5 million totaling $9.6 million. GitLab CEO Sid Sijbrandij led the round along with cryptocurrency expert James Fickel. Good Growth Capital, Safar Partners, Climate Capital, also participated with many other investors. Funding will be used for R&D expansion and team growth. The net result will be a far more efficient, easier to install and less expensive solar PV panel. [Full Story]
Tech | Toronto, Canada
RockMass Technologies Closes $2.5M CAD Seed Round for Digital Data Capture Platform for Mining
RockMass Technologies, provider of the Axis Mapper, the first handheld tool digitally measuring geotechnical data like structural orientation, underground within seconds, closed a $2.5M CAD Seed Round. SOSV, BDC, and strategic angel investors from Maple Leaf Angels and the Creative Destruction Lab participated in the seed round. Funds will be used to expand RockMass's global presence, offer its products to many more geologists and geotechnical engineers, and integrate RockMass's tools with major software analytics players. [Full story]
Tech | Boston, Ma.
Indico Closes $22 Million Series B for Intelligent Process Automation Platform Expansion
Indico, a provider of an AI intelligent process automation enterprise platform, closed a $22 million Series B co-led by Jump Capital and Sandbox Insurtech Ventures with new investment from Nationwide Ventures. Funding will be used for expansion to enable many more new customers in the insurance, financial services and healthcare industries to become dramatically more efficient through automated ai document intake and understanding of image-based workflows. [Full story]
Tech | Austin, Texas
ClearTrace Closes $4 Million Series A for Verified Carbon Accounting Platform Scale-Up
ClearTrace, an automated energy and carbon accounting platform for real estate owners, investors and enterprises, closed a $4 million Series A round led by Clean Energy Ventures, with Brookfield Renewable Partners participating. Funding will be used to reach out to enterprises and asset managers requiring verified and high-speed digital data to meet their sustainability targets. [Full story]
Tech | Chicago
Network Perception Raised $2.73 Million Seed Round for Critical Infrastructure Cyber-Compliance and Security
Tech- Human Resources | New York
Leena AI Closes $8 Million Series A to Redefine Employee Experience
Leena AI, an employee workflow automation platform using a single dashboard to simplify employee engagement, closed a $8 million Series A led by Greycroft and included personal investments from Jim Moffatt,
Alan Patricof, Samir Bodas and Adam Miller. Greycroft partner Mark Terbeek will be joining Leena AI’s board. Funds will be used to enhance the product, onboard resellers and build long term partnerships adding more enterprise customers to their list which has over one hundred enterprises including Coca-Cola and Sony. [Full story]
Biotech | Boulder, Colorado
SomaLogic Closes $121M Series A for Proteomics Platform Expansion
SomaLogic, provider of SomaScan, a leading proteomic discovery platform helping to transform biomedical discovery and clinical diagnostics, closed a $121 million Series A led by Casdin Capital, with participation of Farallon Capital Management, Foresite Capital, Madryn Asset Management, and others. Eli Casdin, CIO and founder of Casdin Capital will join SomaLogic's Board of Directors. Proteomics is the study of proteomes-proteins produced by organisms and unstable proteins are often a sign or cause of disease. Funds will be used to improve, expand and commercialize SomaLogic’s world-leading proteomic products in both the clinical and life science markets. [Full story]