Several startups have raised funds from venture capital companies or private equity firms to bolster innovation and boost business growth.
Arrcus raises $30 mn
Arrcus, a leader in core, edge, and multi-cloud routing and switching infrastructure, has raised $30 million from Prosperity7 Ventures, NVIDIA, Lightspeed, Hitachi Ventures, Liberty Global, Clear Ventures, and General Catalyst.
Arrcus will use the VC funding to expand platform support, accelerate growth, and deliver cost-effective and networking solutions to customers.
After.com raises $10 mn
After.com, an online platform that helps navigate end-of-life services, has raised $10 million in its Series A funding round led by HIPstr, the early-stage investment arm of HighPost Capital.
After.com aims to use the VC funding to enter new markets, add talent throughout the organization, and further enhance its marketing efforts to support both the pre-need and at-need business segments.
Thoughtful AI raises $20 mn
Thoughtful AI, an AI-powered revenue cycle automation company, has raised $20 million in new VC funding led by Nick Solaro of Drive Capital with participation from TriplePoint Capital.
Thoughtful AI has also announced the launch of human-capable AI Agents specializing in healthcare revenue cycle management.
Thoughtful AI will use the VC funding for research and development, advance RCM AI products, hire more employees, and expand go-to-market strategy and operations.
Allium raises $16.5 mn
Allium, a leading blockchain data platform for enterprises, has raised a $16.5 million in a Series A funding round led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners.
Allium has raised $21.5 million to date.
Allium plans to use their new Series A capital to invest in data infrastructure and scale its GTM motion to offer launchpads for financial institutions seeking to use digital assets, as well as payment providers, brokerages, and the blockchain ecosystems for builders.
EdgeRunner AI raises $5.5 mn
EdgeRunner AI, a startup building Generative AI for the edge, has raised $5.5 million in a seed funding round led by Four Rivers Group with participation from Madrona Ventures and strategic angels.
EdgeRunner AI will use the VC funding to develop transparent models designed to operate on any device or hardware without requiring internet access.
InfotechLead.com News Desk
