Several startups have raised funding from investors for speeding up their innovation and bolstering business growth.
Gravitate raises VC funding from Falfurrias Management Partners
Gravitate, a provider of AI-enabled fuel management and energy logistics software, has received growth investment from Falfurrias Management Partners, a Charlotte-based investment firm focused on growth-oriented, middle-market businesses.
Leya secures $25 mn
Leya, a provider of AI-driven legal technology, has raised $25 million in a Series A funding round. The VC funding round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures, with the new addition of Alt Capital.
Soluna Cloud raises $13.75 mn
Soluna Holdings, a developer of green data centers for Bitcoin mining and AI, announced its subsidiary, Soluna Cloud, has raised additional funding to increase its new credit facility by $1.25 million, bringing the total to $13.75 million for its AI business.
Soluna Cloud will use the additional funding for advancing its growth initiatives to meet the increasing demand for renewable-energy-powered, high-performance computing solutions.
Slope raises $65 mn
Slope, AI-Led B2B payments platform, has raised $65 million in equity and debt funding provided by J.P. Morgan and others.
Slope has raised $252 million ($77 million in equity and $175 million in debt to date.
Slope will use the funding to expand the B2B payments platform for large enterprises.
Alongside J.P. Morgan Payments, other participants in the VC funding round include Y Combinator, Jack Altman, and Max Altman’s new fund.
Saga.Slope, a B2B payments platform for enterprise companies, offers order-to-cash automation using leading AI tools that power checkout, customer and vendor risk assessment, embedded short-term financing, and payment reconciliation.
Vectara secures $25 mn
Vectara, a Generative AI product platform, has raised $25 million in a Series A round led by FPV Ventures and Race Capital.
Additional investors include Alumni Ventures, WVV Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Mack Ventures.
Vectara has raised $53.5 million to date.
Vectara aims at advancing the state of Retrieval Augmented Generation as a Service for regulated industries.
Endor Labs receives investment
Endor Labs, a provider in software supply chain security, announced a strategic investment from Citi Ventures.
Endor Labs earlier received $70 million in a Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32 and more than 30 industry-leading CEOs, CISOs and CTOs.
Halo Industries Closes $80 mn
Halo Industries, a laser manufacturing technology platform for the semiconductor industry, has raised $80 million in its Series B funding round.
The VC funding was led by Thomas Tull’s U.S. Innovative Technology Fund with participation from 8VC and SAIC. Halo Industries will use the funding for commercialization and reach of its technology and advance its mission to establish the new gold-standard of silicon carbide substrate production.
