The following tech startups – DeNexus, Herald, Lamarr.AI, Xscape Photonics — have announced their VC funding from venture capital companies to boost their growth.
DeNexus Secures $17.5 mn
Funding Amount: $17.5 million
Lead Investors: Punja Global Ventures, with investments from AXA XL, Prosegur/SegTech, and HCS Capital.
Objective: The funding will help DeNexus expand its product offerings and address the growing need for comprehensive cyber risk management in operational technology environments.
Innovation: DeNexus offers a state-of-the-art AI/ML-powered product called DeRISK™, enabling organizations to make data-driven decisions about cyber risks in industrial settings.
Herald Raises $12 mn
Funding Amount: $12 million
Co-lead Investors: Lightspeed Venture Partners and Brewer Lane Ventures, with participation from Afore Capital and Underscore Venture Capital.
Objective: The funding will accelerate the development of Herald’s unified API, enhancing connectivity between insurance brokers and carriers, and improving workflows with AI capabilities.
Innovation: Herald’s API allows brokerages to integrate seamlessly into existing systems, enabling real-time quoting and binding of insurance, streamlining the commercial insurance process.
Lamarr.AI Raises $1.1 mn
Funding Amount: $1.1 million
Lead Investor: Hazelview Ventures, with support from milemark•capital, Newlab, Georgia Tech’s Venture Fund, and MIT’s SBXi Fund.
Objective: The funding will help Lamarr.AI scale its innovative building diagnostics tools, reducing carbon emissions and maintenance costs.
Innovation: Lamarr.AI leverages AI to automate the analysis of thermal images from drones, identifying building issues and providing actionable insights, ultimately optimizing energy efficiency and reducing costs.
Xscape Photonics Raises $44 mn
Xscape Photonics, a startup specializing in silicon photonics for AI data centers, has closed a $44 million Series A funding round, bringing its total funding to $57 million. The financing was led by IAG Capital Partners, with participation from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP.
The funding will accelerate the development of Xscape Photonics’ ChromX platform, a scalable, multi-color, programmable photonics platform designed for AI data center fabrics. As AI-driven workloads are projected to account for over 20 percent of energy consumption in data centers by 2025, Xscape’s technology aims to enhance energy efficiency, performance, and scalability to meet the surging demand for data bandwidth.
