Tech funding daily

Welcome to our daily newsletter on tech funding. Here are the top recent deals.

TF Analytix team.

Reach out to us at [email protected].

Funding deals:

Grant

C-Crete Technologies has received a grant from the Department of Energy (DOE) to support its development of carbon-negative concrete. The funding will enable the company to further its research and innovation in sustainable construction materials. Read More

Klarytee has secured $0.7 million in pre-seed funding. The round was led by Concept Ventures, with participation from Micheal Coates, Evelyn Bourke, Brad Cable, and Desigan Chinniah. Read More

Pre-seed and seed

Mtor, an online auto parts marketplace based in Egypt, has raised $2.8 million in pre-seed funding. The round was led by Algebra Ventures, a prominent venture capital firm in the region. Read More

Carbon Maps, a developer of climate tech solutions for the food industry, has raised $3 million in pre-seed funding. The round was led by Back Market and Daphni. Read More

Enveedo, a provider of a cyber risk management platform for the middle market, has raised $3.15 million in seed funding. The round was led by Silverton Partners, with participation from Runtime Ventures and Blu Ventures. Read More

Atomic Industries, a developer of innovative tool and die making technology, has secured $17 million in seed funding. The round was led by undisclosed investors. Read More

SIPMARGS, a canned margarita brand, has raised $2 million in seed funding from Lab Capital Advisors. Read More

Polaris Electro-Optics, a developer of electro-optic technology, has raised an undisclosed amount in a seed funding round. Read More

Qanplatform, a provider of blockchain solutions, has raised $15 million in seed funding. The round was led by MBK Holding. Read More

Curvance, has secured $3.6 million in seed funding. The round was led by Offchain Labs, with participation from Wormhole, Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance, and Pendle Finance. Read More

Farmless, a developer of microbial fermentation protein liquid gas, has received an undisclosed amount in seed funding from Horizons Ventures. Read More

HomeCooks, a provider of a platform for small food businesses to sell their meals nationwide, has raised $3.1 million in seed funding. The round was led by Speedinvest, with participation from DFF, Love Ventures, and Rianta. Read More

Finexos, a developer of AI-driven SaaS for credit decisioning, has secured $0.69 million in seed funding. The round was led by Growth Capital Ventures and SyndicateRoom. Read More

Strong by Form, a developer of wood-based sustainable construction materials, has secured $5.2 million in seed funding. The round was led by CMPC Ventures, with participation from CiRi Ventures, MAIF Avenir Ventures, Teampact Ventures, Climate Insiders, Core Angels, Savia Ventures, Family Offices, and corporate venture capitals Symbia VC, FINSA, and VX Ventures. Read More

Series A

Machinery Partner, a company offering procurement, financing, and support for builders and contractors needing heavy machinery, has raised $11 million in Series A financing. The round was led by Armory Square Ventures and joined by Pritzker Group, RiverPark Ventures, Contour Venture Partners, Euclid Ventures, One Way Ventures, and Techstars Ventures. Pacific Western Bank provided an additional $3 million in venture debt. Read More

MarketTime, a B2B marketplace for heavy machinery and industrial equipment, has secured an $8 million investment from Hudson Hill Capital. Read More

Ketryx, a developer of cybersecurity solutions, has raised $14 million in Series A funding led by Lightspeed Venture Partners. Read More

Cambium, a provider of wireless network solutions, has closed a $19 million Series A financing round led by 8VC. Read More

Ionomr Innovations, a developer of ion-exchange membranes for fuel cells, has secured $20 million in Series A-4 financing. The round was led by NGIF Cleantech Ventures and Pallasite Ventures, with participation from Shell Ventures, Chevron Technology Ventures, Finindus, N.V. Bekaert, Asahi Kasei, Samsung Ventures, and SAIC Capital. Read More

Series B

Pachama, a technology company focused on climate change and forest restoration, has extended its Series B round to include an additional $9 million in new equity capital. The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital, the corporate venture capital arm of Deutsche Telekom (majority owners of T-Mobile US), alongside existing investors Lowercarbon Capital and Positive Ventures. Read More

AM Batteries, a developer of dry battery electrode technology, has closed a $30 million Series B funding round led by Toyota Ventures. The round also includes strategic corporate support from Porsche Ventures and Asahi Kasei, with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. This funding will help the company develop and drive the commercialization of dry powder coating technology and equipment for low-cost lithium-ion battery manufacturing. Read More

Mine, a developer of personal data privacy solutions, has secured $30 million in Series B funding. The round was led by Battery Ventures and PayPal Ventures. This funding will support the company's continued growth and development of cybersecurity and data privacy solutions. Read More

Series C

X-energy, a developer of advanced small modular nuclear reactors and fuel technology, has completed its Series C financing round with an additional $80 million from Ares Management Corporation and X-energy Founder, Kam Ghaffarian. This additional $80 million brings the total capital raised in the Series C financing round to $235 million, including anticipated conversions of certain of the Company’s outstanding convertible notes. Previous investors in the Series C financing round include Ontario Power Generation, Curtiss-Wright Corporation, DL E&C, and Doosan Enerbility. Read More

Gecko Robotics, an industry leader in AI-powered software and advanced robotics for infrastructure maintenance, has raised $100 million in Series C funding. The round was led by US Innovative Technology Fund (USIT) and Founders Fund. This funding will enable the company to extend its Series C funding, enabling major growth in its defense business. Read More

Blue World Technologies, a manufacturer of fuel cell solutions for net-zero shipping, has closed a Series C financing round with participation from Maersk Growth, The Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. The financing round will support the company's continued development of energy technology solutions. Read More

EnCharge AI, a developer of advanced AI chips and full stack solutions, has closed an additional $22.6 million in Series C funding from VentureTech Alliance, RTX Ventures, and ACVC Partners. This funding will support the company's continued growth and development of artificial intelligence technology. Read More

AssemblyAI, a provider of a cost-effective, full-stack AI solution for global enterprises, has raised $50 million in Series C funding. The round was led by undisclosed investors. This funding will support the company's continued growth and development of artificial intelligence technology. Read More

Center, a provider of customer relationship management software, has secured $30 million in Series C financing. The round was led by Top Tier Capital Partners and Durable Capital Partners. This funding will support the company's continued growth and development of CRM software. Read More

Foretellix, a developer of autonomous vehicle verification solutions, has raised $85 million in a Series C closing. The round was led by 83North, with participation from Temasek, Isuzu, Woven Capital, Toyota, NVIDIA, Artofin, MoreTech, Nationwide, Volvo Group VC, Jump Capital, and Next Gear Ventures. This funding will support the company's continued growth and development of automotive technology. Read More

Strategic and venture

Cubic Telecom, a provider of car software solutions, has been acquired by SoftBank Corp for $514 million. This strategic acquisition will enable Cubic Telecom to further expand its automotive technology solutions. Read More

hey freya, a women’s wellness brand providing adaptogenic supplements and multi-vitamin products, has announced the close of its $500,000 Angel round of funding. The round was led by investors, individuals, and family offices who align with hey freya’s mission, including Goddess Fund. This funding will enable hey freya to begin clinical trials and expand its existing product offering to serve more of women’s top health concerns. Read More

Gravel, a provider of an app to connect skilled construction workers with contractors and architects, has raised $14 million in venture funding. The round was led by New Enterprise Associates, SMDV, and East Ventures, with participation from Marvell Technology co-founder Dai Weili and chairman of Walden International Tan Lip-Bu. This funding will support the company's continued growth and development of construction technology. Read Mor

That’s it.