Several tech startups — CoreStory, WideField Security, Fireworks AI, Agtonomy, FrontlineIQ, among others, have announced their venture capital funding.
CoreStory Raises $32 Million to Modernize Legacy Enterprise Software Using AI
CoreStory, led by CEO Anand Kulkarni, has raised $32 million in Series A funding to accelerate its AI-powered modernization of legacy enterprise systems. The funding round was led by Tribeca Venture Partners, NEA, and SineWave Ventures, with participation from Harrison Metal, Singtel Innov8, Samsung Next, Nimble Partners, and Alumni Ventures.
CoreStory’s mission is to help organizations modernize undocumented and high-risk legacy code—particularly in sectors like banking, defense, and utilities—using AI that analyzes and understands complex legacy systems.
Technology focus: AI-driven code intelligence, automated documentation, and modernization tools.
Customer segment: Large enterprises burdened by outdated systems.
Innovation: The platform promises up to 50% reduction in development time, delivering measurable ROI.
Benefits: Faster modernization, lower risk, reduced cost, and improved business agility.
WideField Security Secures $11.3 Million to Strengthen Identity Lifecycle Security
WideField Security, co-founded and led by CEO Abhay Kulkarni, announced an $11.3 million Series A round to advance its identity-lifecycle security platform. The round was led by Crosspoint Capital, with participation from Engineering Capital and others.
The company aims to expand identity protection beyond authentication to cover the entire identity lifecycle—including human, machine, and AI identities.
Technology focus: Cloud-based platform offering visibility, analytics, and protection across SaaS, on-premises, and cloud environments.
Customer segment: Enterprises facing identity-related breaches and blind spots.
Innovation: Comprehensive coverage of the identity attack surface, not limited to login or access control.
Benefits: Enhanced identity posture, reduced breach risks, and faster incident detection and response.
Fireworks AI Raises $250 Million to Scale Enterprise AI Infrastructure
Fireworks AI, led by CEO Lin Qiao, has raised a massive $250 million Series C round (primary and secondary) at an estimated $4 billion valuation. The round was led by Lightspeed Venture Partners, Index Ventures, and Evantic, with participation from existing backer Sequoia Capital.
Fireworks AI focuses on solving enterprise challenges around AI inference—the deployment and execution of AI models—rather than training. Its inference cloud infrastructure powers production AI workloads for leading enterprises such as Uber and Shopify.
Technology focus: Optimized infrastructure for large-scale AI model execution.
Customer segment: Enterprises deploying AI in production environments.
Innovation: Tackling inference bottlenecks for faster, scalable AI deployment.
Benefits: Accelerated AI adoption, improved scalability, and enterprise-grade reliability.
Agtonomy Raises $18 Million to Expand AI Automation in Agriculture
Agtonomy, founded and led by CEO Tim Bucher, secured $18 million in Series B funding to scale its physical-AI platform for agricultural and off-road automation. The funding was led by DBL Partners (with board representation) and included Nuveen, Autotech, Allison Transmission, Rethink Food, and Black Forest Ventures.
The company focuses on deploying AI-driven automation in real-world field environments such as orchards, vineyards, and managed green spaces.
Technology focus: Physical-AI fleet intelligence and autonomous equipment integration.
Customer segment: Operators facing labour shortages and cost challenges in agriculture and off-road sectors.
Innovation: Bridging AI and heavy-duty physical operations for real-world autonomy.
Benefits: Reduced labour costs, improved safety, enhanced sustainability, and better equipment ROI.
Thasniya VP
