Funding Wrap of the Week | North American Startups Funding Roundup | March 10 – March 15

There are a lot of North American Startups Funding Deals for growth-stage and early-stage deals this week; Let’s talk about the Top 10 North American Startups Funding Deals.

The Top 10 North American Startups Funding Deals

LactaLogics

LactaLogics, a pioneer in human milk-based nutrition, is announcing its successful closure of over $92 million in financing. This milestone will enable the company to complete its state-of-the-art facility for the production of human milk-based fortifiers and standardized donor milk.

LactaLogics, In 2012 they discovered that almost all premature infants in hospital NICUs do not receive the lifesaving benefits of an exclusive human milk diet. A commonly accepted belief is that human milk is expensive and in short supply, but they continue to be overwhelmed by the presence of moms with excess milk who want to help babies in need.

Sealed

Sealed, residential energy efficiency startup secures $30million in funding. Leading the round was Keyframe Capital, alongside Cyrus Capital, CityRock, Fifth Wall, and other participants.

A climate tech startup called Sealed is on a quest to reduce energy waste in homes by empowering contractors to install more electrification and weatherization projects while expanding their clientele.

DraftWise

DraftWise, an AI-powered contract and negotiation platform for lawyers secures $20million in series A round funding. This round was led by Index Ventures, with additional support from existing investors Y Combinator and Earlybird Digital East Ventures.

DraftWise is on a mission to transform the legal industry by harnessing the power of AI. With AI-powered drafting and negotiation software, DraftWise arms lawyers with data-driven intelligence that drastically improves the complete contract workflow, from first draft to client win.

Omni

Omni, a business intelligence platform, secures additional $20million in funding Theory Ventures.The business also announced the addition of Lambert Billet to the board of directors.

Omni creates the best business intelligence to provide reliable answers to everyone by fusing enterprise quality with startup speed and creativity. It eliminates the necessity for compromise. 

Interlune

Interlune, a natural resources company secures $18 million in seed round funding Alexis Ohanian’s venture firm Seven Seven Six led the most recent round of $15 million, adding to previous angel investments. Katelin Holloway, founding partner of Seven Seven Six, will join the Interlune board of directors. Other investors include Aurelia Foundry Fund, Gaingels, Liquid 2 Ventures, Shasta Ventures, and a committed group of University of Michigan alumni.

Along with Meyerson, Lai, and Schmitt, Interlune’s founding team includes Indra Hornsby (Rocket Lab, BlackSky) and James Antifaev (Alphabet, Maxar). This group is highly experienced in commercial and civil space programs, startups, government programs, and the Moon.

Interlune is a privately funded natural resources company committed to sustainable and responsible harvesting of natural resources from space to benefit humanity. Based in Seattle, Interlune was founded in 2020 by a team of highly experienced government and industry experts.

Tavus

Tavus, a generative AI startup that assists businesses in producing digital “replicas” of people for automated personalized video advertising has secures $18million in series A round funding.

Tavus is an AI-powered video research firm that enables large-scale tailored video. Make self-recording videos and never stop! accessible through developer APIs and web apps.

Axion Ray

Axion Ray, the AI observability command center relied on by leading manufacturing companies to detect and solve emerging field quality issues affecting their customers Secures $17.5million in series A round funding.

This round was led by Bessemer Venture Partners including strategic investment from RTX Ventures; existing investors, Amplo and Inspired Capital participated in the round as well. This Series A funding round brings the company’s total funding to $25 million.

‍Axion Ray is the leading AI observability command center relied on by global manufacturing companies to detect and solve emerging quality issues affecting customers at the earliest warning signals.

Fermat

FERMAT to enable brands to directly engage consumers effectively across all channels secures $17million in series A round funding. FERMËT, With their content-native shopping platform, thay were transforming the way businesses operate by enabling brands to achieve high conversion rates and client acquisition.

Their goal is to maximize the effectiveness of brands’ paid marketing initiatives. Find effective revenue streams to maximize your content adverts (with very little effort). Your brand can be integrated with FERMÀT to unleash its full potential.

Kaedim

Kaedim is an expert in creating state-of-the-art Machine Learning algorithms that convert photos into 3D digital models secures $15 million in Series A funding. Pioneer Fund, Nate Mitchell (co-founder of Oculus), Eden Chen (CEO of Pragma), Siqi Chen (CEO of Runway), Tom Blomfield (co-founder of Monzo), Patrick Pitchette (former CFO of Google), Sterling Snow (former CRO of Divvy), and Jane Walerud (founder of a serial deep tech company) were among those who participated in the round led by A16Z GAMES.

Kaedim is an expert in creating state-of-the-art Machine Learning algorithms that convert photos into 3D digital models. Their main goal is to help game developers by providing a 10x acceleration in their pipelines for producing 3D assets.

Guardrails AI

Guardrails AI secures $7.5million in seed funding. Leading the funding round was Zetta Venture Partners. Participating AI angels included Ian Goodfellow from DeepMind, Logan Kilpatrick from OpenAI, Lip-bu Tan, and Pear VC, Factory, GitHub Fund, and Bloomberg Beta.

Guardrails AI, Their goal is to enable people to take use of the extraordinary potential of foundation AI models. They are dedicated to removing the uncertainty that comes with AI interactions by offering solutions that are goal-oriented and legally obligated. 

These startups played a major role in North American Startups Funding ecosystem in this week and secured funding from Venture Capitalists, Angle Investors in different funding Rounds.

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