Tech funding daily

Welcome to our daily newsletter on tech funding. Here are the top deals that happened yesterday.

TF Analytix team.

Grant:

• Intellegens receives a £1.6 million Innovate UK grant for its use of AI to enhance the manufacturing of oligonucleotide therapies in the healthcare technology sector. Source

Pre-seed Funding:

• SNERPA Power, an Icelandic startup, raises €2.4 million in pre-seed funding from Crowberry Capital and BackingMinds for its automation and digitalization solutions aimed at decarbonizing the energy sector. Source

• Profound Impact, backed by female angel investors, secures $3.1 million in pre-seed funding for its AI platform connecting researchers with funding opportunities in the marketplace sector. Source

Seed Funding:

• Fianu Labs secures $2 million in seed funding from DataTribe for its software governance automation solution in the cybersecurity sector. Source

• Context.ai raises $3.5 million in seed funding from GV (Google Ventures) and Theory Ventures, with participation from several individual investors, for its product analytics platform targeting LLM-powered applications in the artificial intelligence sector. Source

Series A Funding:

• Wa'ed Ventures leads a $27 million series A round for Rewaa, joined by STC's CIF, Graphene Ventures, Sadu Capital, Vision Ventures, Khwarizmi Ventures, RZM Investment, and Abdulrahman Sulaiman Al Rajhi & Sons Investment Company. Rewaa provides a POS, inventory management, and accounting platform for retailers in the supply chain technology sector. Source

• QuantHealth secures $15 million in series A funding led by Bertelsmann Investments, with participation from Pitango HealthTech, Shoni Top Ventures, and Nina Capital, for its AI platform predicting efficacy and safety of clinical trials in the healthcare technology sector. Source

• Confirm raises $6.2 million in series A funding, led by Spero Ventures, with participation from SHRMLabs, Elefund, Gaingels, and Black Angel Group. Confirm offers a platform to improve performance reviews using ONA and AI in the HR tech sector. Source

• SatSure secures $15 million in series A funding led by Baring Private Equity Partners India and Promus Ventures, with participation from Omidyar Network India and xto10x. SatSure provides satellite imagery and AI for decision intelligence in the space technology sector. Source

Series B Funding:

• Voxel AI raises $30 million in series B funding led by Rite-Hite, with participation from Eclipse Ventures and World Innovation Lab. Voxel AI uses computer vision AI to improve safety in industrial facilities in the HR technology sector. Source

• Sortera Technologies closes $30.5 million in series C funding, led by RA Capital Management-Planetary Health, with participation from T. Rowe Price Associates, Mineral Resources Group, Macquarie GIG Energy Transition Solutions, Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix. Sortera Technologies offers an AI-powered recycling platform for material sorting in the climate technology sector. Source

Series C Funding:

• Mediafly raises $80 million in series C funding from BIP Ventures and Boathouse Capital for its sales enablement platform for enterprises in the business intelligence sector. Source

Series D Funding:

• Spencer Health Solutions raises an undisclosed amount in series D funding to expand its pharmaceutical services and care management technology in the healthcare technology sector. Source

• Beta Bionics secures $100 million in series D funding with Sands Capital as the lead investor, along with multiple others including Omega Funds, Marshall Wace, Soleus Capital, and more. Beta Bionics is focused on developing a bionic pancreas for diabetes management in the medical technology sector. Source

• Terreva Renewables receives an investment of $417 million in venture funding from corporate and institutional investors to support its renewable natural gas (RNG) platform in the energy technology sector. Source

• GoCar secures €10 million in venture funding to expand and upgrade its car sharing fleet nationwide in Ireland in the transportation technology sector. Source

Interesting read: