Several tech startups – Payabli, Zuub, BlueFlame AI, Micruity, Formic, HydroX AI, Adonis, Daytona, Deskpro, among others, have raised funds from venture capital firms.
Payabli
Payabli, the payments infrastructure solution for software companies, has raised $20 million in a Series A funding.
The VC funding round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth.
Payabli will use the new VC funding to further product innovation, reinforce security and scalability, fuel new customer acquisition, and empower existing software partners to integrate and activate total processing volume easier and faster.
Zuub
Zuub, a leading innovator in dental Revenue Cycle Automation, has raised $9 million in Series A funding led by Vertical Venture Partners with participation from existing investors Bonfire Ventures and MTech Capital.
Zuub’s AI-powered automation solutions streamline dental practice operations, particularly in insurance verifications, for thousands of providers at private practices and large dental support organizations (DSOs) across North America.
BlueFlame AI
BlueFlame AI (BlueFlame), the generative AI platform for alternative investment managers, ha raised $5 million in its Series A VC funding round.
The private funding round, which was oversubscribed by 25%, was raised through BlueFlame’s network of industry leaders and strategic partners, along with significant participation from the management team.
BlueFlame will use the funding to accelerate its growth, enhance its generative AI platform, and expand its team of client success managers, engineers, product managers, and operations professionals.
Micruity
Micruity has raised $5 million in VC funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.
The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures, as well as additional investments from current partners Pacific Life and Western & Southern Financial Group. Micruity has raised over $11 million from strategic partners in the retirement industry.
Formic
Formic, a provider of Robots-as-a-Service (RaaS) automation for U.S. manufacturers, has raised $27.4 million in Series A financing led by Blackhorn Ventures.
There was also participation from Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. Formic has raised more than $52 million to date.
Formic plans to expand its fleet of standardized equipment to provide more automation to more manufacturers, offering rapid deployment and shorter lead times.
HydroX AI
HydroX AI, an artificial intelligence (AI) startup, has raised $4 million in an angel round from Vitalbridge Capital, Atom Capital and noted AI expert, Qi Lu, EVP of Microsoft, former COO of Baidu.
HydroX AI will use the VC funding to continue LLM safety innovation, validate the market need, and further the platform’s market entry goals.
Adonis
Adonis, a healthcare financial technology platform, has raised $31 million in Series B financing led by Point72 Private Investments.
There was participation from new investor Kin Ventures, along with existing investors General Catalyst, Bling Capital, and Max Ventures.
Adonis has raised $54 million since the company’s founding in 2022.
Adonis works with over 10,000 providers and has processed tens of millions of claims, totaling over $13.3 billion in charges. Adonis works with over 3,000 different payers, equating to nearly all of the payers in the United States, and integrates with over 35 different EHRs and Clearinghouses.
Daytona
Daytona, an open source development environment manager, has raised $5 million in seed funding led by Upfront Ventures with participation from existing investor 500 EE.
Daytona will the VC funding to accelerate the expansion of streamlined development environments to developers worldwide. The company will use the funds for product development and hiring for new marketing, sales and engineering roles.
Deskpro
Deskpro has raised $25 million in a Series A VC funding round led by Elsewhere Partners to meet demand for its desk solutions.
Deskpro will use the growth financing to strengthen its customer experience team, expand its AI-powered help desk solutions and further penetrate key markets, with a focus on expansion in the United States.
Deskpro’s customers include Aon, Bitdefender, Brown University, HMRC, Keyence, and the NHS.
opus1.io
opus1.io, a practice management platform for lesson & class-based performing arts businesses, has received strategic investment from Five Elms Capital, a leading software investment firm.
opus1.io has over 175,000 monthly users worldwide.
