Cherubic closes sixth fund at $68.88mn, taking assets past $500mn Cherubic Ventures has closed its sixth fund at USD 68.88mn, taking assets under management across its six funds beyond USD 500mn. Fund VI keeps the firm’s early-stage focus, backing AI-native companies across infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics. Holdings include Sudo […]
This week, we lead with MoEngage raising an additional USD 180mn as part of its Series F round. This latest investment was led by new investors ChrysCapital and Dragon Funds, alongside Schroders Capital. Existing investors TR Capital and B Capital also participated. This additional capital will be used to accelerate the development of the Merlin […]
WisdomAI, an AI and business intelligence company, which has raised USD 50mn for its Series A round leads the week’s news round up. The round was led by Kleiner Perkins with participation from new investor NVentures and existing investors Coatue, Latitude Capital, Madrona, GTM Capital, Menlo Ventures, and U First Capital. The round brings the […]
We wrap the week up with news Metropolis Technologies, a company applying artificial intelligence to real-world infrastructure, has raised USD 1.6bn through a mix of debt and equity to support its next growth phase. The capitalisation includes a USD 1.1bn Term Loan B arranged by JPMorgan Chase Bank and a USD 500mn Series D funding […]
We wrap up the week with Arya Health’s $18.2mn Series A round, which it plans to use to expand its product suite and hire more staff in response to market demand, which has resulted in revenue growth of more than 6x this year.The company is responding to two key issues—industry pressure from regulatory changes, wage […]
We lead this week with news that Hyro has raised USD 45mn in a strategic growth round led by Healthier Capital, with participation from Norwest, Define Ventures and existing investors. Bon Secours Mercy Health and ServiceNow Ventures also joined as strategic investors.Proceeds will accelerate development of Hyro’s administrative, operational and clinical AI agents that support […]
We lead this week with news that Campfire, an AI-native ERP company, has raised USD 65mn for its Series B round twelve weeks after raising its USD 35mn Series A round. The second round was co-led by Accel and Ribbit with continued support from Foundation Capital, Y Combinator and angel investors. In an area dominated […]
This week, we start with news that n8n has raised USD 180mn in Series C funding, bringing its total funding to USD 240mn and valuing the company at USD 2.5bn. The round was led by Accel, with participation from Meritech, Redpoint, Evantic and Visionaries Club. Corporate investors NVentures, the venture arm of NVIDIA, and T.Capital […]
This week, we start with news that Postgres development platform Supabase has raised USD 100mn for its series E round led by Accel and Peak XV, valuing the development platform at at USD 5bn. This round comes four months after its series D round. You can read our full article here. In other news: