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Funding Wrap of the Week | North American Startups Funding Roundup | Feb 25 – March 1

There are a lot of North American Startups Funding Deals for growth-stage and early-stage deals this week; We will discuss about the Top 10 North American Startups Funding Deals

The Top 10 North American Startups Funding Deals of This Week

Glean

Glean secures over $200million in series D round funding. Lead investors in the round were Lightspeed Venture Partners and Kleiner Perkins, with participation from Sequoia Capital, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, and General Catalyst, as well as new investors Coatue, ICONIQ Growth, IVP, Latitude Capital, and Adams Street.

A seasoned group of industry experts and former Google search engineers founded Glean because they couldn’t understand why there wasn’t a simpler way for them to locate the things they needed at work.

Abridge

Abridge secures an additional $150million funding. The Series C investment was led by Lightspeed Venture Partners, who will also join the board. Other new and existing investors continuing to support the company include co-lead Redpoint Ventures. With support from IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures, and CVS Health Ventures.

Abridge was founded in 2018 with the mission of powering deeper understanding in healthcare. The AI-powered platform was purpose-built for medical conversations, improving clinical documentation efficiencies while enabling clinicians to focus on what matters most—their patients.

Exodigo

Exodigo secures $105million in series A round funding. SquarePeg, 10D VC, JIBE, National Grid Partners, and other current investors participated in the round, which was led by Greenfield Partners and Zeev Ventures. The company plans to utilise the money to assist its entry into new markets, expand its worldwide workforce, and expedite the creation of a self-service product line.

The best subterranean mapping tool for non-intrusive finding is Exodigo. Their platforms build comprehensive, accurate subsurface maps that empower clients to make confident decisions across the built environment by combining multi-sensor fusion, 3D imaging, and AI technology.

EigenLayer

EigenLayer secures $100million in series B round funding. Andreessen Horowitz (a16z Crypto) led the round. The money will be used by the business to complete its platform. EigenLayer, an Ethereum-related startup headed by CEO Sreeram Kannan, was founded in 2021 and is developing a technology called “restaking.”

EigenLayer is a team that welcomes remote work and is mostly located in Seattle, Washington. Their creator, Sreeram Kannan, led the UW Blockchain Lab in addition to being a professor at the University of Washington. Their team’s initial members emerged from that laboratory.

Frontier Medicines Corporation

Frontier Medicines Corporation secures $80million in series C round funding. The financing was co-led by Deerfield Management Company and Droia Ventures, with significant participation from Galapagos NV as a strategic investor, and contributions from new and existing investors including DCVC Bio, MPM Capital, and RA Capital Management.

Frontier Medicines is a clinical stage precision medicine company pioneering groundbreaking medicines to transform treatment for genetically-defined patient populations, starting with oncology and immunology.

Reveleer

Reveleer secures $65million in funding led by Hercules Capital, Inc.,Backed by recent capital investments, Reveleer continues its momentum to expand its offerings for payers and providers, delivering the market’s most comprehensive workflow, data, and analytics solutions.

Natural language processing (NLP) and artificial intelligence (AI) are used by Reveleer, a technology-driven workflow, data, and analytics company with a focus on healthcare, to give risk-bearing providers and health plans more control over their Quality Improvement, Risk Adjustment, and Member Management programmes.

Rhombus

Rhombus secures $26million+ in funding. In addition to $17 million in debt financing from Silicon Valley Bank, the round featured an investment co-led by Tru Arrow and Cota Capital, as well as participation from previous investors Caden Capital and Uncorrelated Capital. The money will be used by the company to grow both its operations and its clientele.

Rhombus is a physically secure platform that can be easily customised to meet the specific needs of enterprise organisations. It provides smart security cameras and sensors that work in unison with top-notch products. 

Matter Neuroscience

Matter Neuroscience secures $26million in funding Polaris Partners led the first round of funding, which was followed by a more recent round that was led by ARCH Venture Partners, Polaris Partners, and Exor Ventures with participation from Collaborative Fund and other investors.

Matter was formed by Ben Goldhirsh of GOOD Worldwide and the Goldhirsh Foundation, Chris Shiflett of Faculty and Brooklyn Beta, and neurologist Axel Bouchon, who had previously headed the venture arms for Moderna and Bayer.

Range Energy

Range Energy secures $23.5million in new funding. Trousdale Ventures led the investment, and Yamaha Motor Ventures, R7, and UP.Partners also participated. With funding round, Range has raised $31.5 million in total, including its $8 million seed round.

Range helps the heavy-duty truck market expedite the electrification of commercial transportation with powered trailers. Range’s powered trailer can quickly facilitate the switch to electricity and satisfy the short- and long-term goals of its commercial partners with a solution that is simple to connect to any tow vehicle.

Halo

Halo secures $20million in funding. The leader of the round was Volition Capital. The money will be used by the business to hasten the implementation of its technology for acquiring video evidence.

HALO is a comprehensive safety system that lowers risk and stays ahead of threats through innovation. Improved asset management in the cloud and more sophisticated on-site camera technology protect lives and businesses better.

In various financing rounds, these startups raised funding from venture capitalists and angel investors, and secured place in the Top 10 North American Startups Funding Deals of this Week.

Name the Top North American Startups Funding Deals in This Week?

Glean, Abridge, Exodigo, EigenLayer, Frontier Medicines Corporation, Reveleer, Rhombus, Matter Neuroscience, Range Energy, Halo, are the Top North American Startups Funding Deals in This Week.

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