Saronic, Reimagining Maritime Autonomy has secured $175 million Series B funding round led by Andreessen Horowitz, which will put Saronic’s valuation at $1 billion. Other participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.
Planned, the first source-to-pay service for Travel & Events accelerated by technology has secured $35 Million in Series B Funding round, bringing the total amount to $65M, was led by Drive Capital, with the participation of Outsiders Fund and two other firms. In addition to the funding announcement, Planned added Frederic Lalonde, CEO and Co-Founder of Hopper and former VP at Expedia, to its Board of Directors.
New York-based Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures, and Avid Ventures, as well as new investors Thomvest.
Heimdall Power, the global leader in power grid optimization, announced a $25 million USD capital raise in a Series B financing. The round was co-led by the international energy company Orlen, Nordic cleantech fund NRP Zero, and the Steinsvik Family Office. Existing shareholders, including Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed, participated in the round with a combined $8.5 million USD.
Cardurion Pharmaceuticals, Inc. (“Cardurion”), a clinical-stage biotechnology company developing next-generation therapeutics for the treatment of cardiovascular diseases, today announced it has raised a $260 million Series B financing led by Ascenta Capital, with participation by new investors NEA, GV, Fidelity Management & Research Company, Millennium Management, Farallon Capital Management, Invus, Blue Owl Healthcare Opportunities, Delos Capital and Digitalis Ventures, as well as existing investors Bain Capital Life Sciences and Bain Capital Private Equity.
Halo Industries, create novel laser-based hardware systems for materials fabrication has secured $80M Series B Funding Round Led by Thomas Tull’s U.S. Innovative Technology Fund (USIT) with participation from 8VC and SAIC.
X-Bow Systems, the non-traditional producer of advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, has raised Series B financing, raising over $70 million. This private capital will accelerate the rapid growth of its hypersonic-capable vehicles, strategic and tactical scale solid rocket motor programs, and completion of its Luling, TX gigafactory campus.
NOWDiagnostics, a developer of over-the-counter and point-of-care diagnostic tests, today announced it has raised $22.5 million in Series B financing. Led by DigitalDx Ventures, with notable investors including the Labcorp Venture Fund and Kompass Kapital Management, this oversubscribed funding round.
ZwitterCo, which is transforming water treatment through advanced membrane technologies, announced the successful close of its Series B funding round led by Evok Innovations. Evok was joined by DCVC, BHP, Munich Re Ventures, Siteground, HG Ventures, and Blue Horizon Advisors.
Polystyvert, an innovative company specializing in recycling technologies and the circular economy of styrenic plastics (polystyrene and ABS), announces the closing of a first tranche of a Series B funding for over $16 million. This investment represents another step for the company towards the construction of its very first commercial plant in Québec, dedicated to recycling highly contaminated polystyrene waste.
