Mendel raises $18M to tease out data structure from medicine’s disparate document trove

Mendel AI

Today, a startup called Mendel, which has built an AI platform both to ingest and bring order to that body of information, is announcing $18 million in funding to continue its growth and to build out what it describes as a “clinical data marketplace” for people not just to organize, but also to share and exchange that data for research purposes. It’s also going to be using the funding to hire more talent — technical and support — for its two offices, in San Jose, CA and Cairo, Egypt.

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Google’s Gradient Ventures leads $8.2M Series A for Vault Platform’s misconduct reporting SaaS

Vault platform - Gradient Ventures

Fixing workplace misconduct reporting is a mission that’s snagged London-based Vault Platform backing from Google’s AI focused fund, Gradient Ventures, which is the lead investor in an $8.2 million Series A that’s being announced today.

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OroraTech’s space-based early wildfire warnings spark $7M investment

Orora technologies

With wildfires becoming an ever more devastating annual phenomenon, it is in the whole planet’s interest to spot them and respond as early as possible — and the best vantage point for that is space. OroraTech is a German startup building a constellation of small satellites to power a global wildfire warning system, and will be using a freshly raised €5.8M (~$7M) A round to kick things off.

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Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months

Goldman Sachs - Project44

Project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Girteka and Lineage Logistics also participated in the financing, which gives project44 a post-money valuation of $1.2 billion. That doubles the company’s valuation at the time of its Insight Partners-led $100 million Series D in December, and brings its total raised since inception to $442.5 million.

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Anthropic is the new AI research outfit from OpenAI’s Dario Amodei, and it has $124M to burn

Anthropic AI

As AI has grown from a menagerie of research projects to include a handful of titanic, industry-powering models like GPT-3, there is a need for the sector to evolve — or so thinks Dario Amodei, former VP of research at OpenAI, who struck out on his own to create a new company a few months ago. Anthropic, as it’s called, was founded with his sister Daniela and its goal is to create “large-scale AI systems that are steerable, interpretable, and robust.”

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Engine Biosciences expands its digital drug discovery pipeline with $43M round A

Engine biosciences

Drug discovery is a large and growing field, in which are to be found both ambitious startups and billion-dollar big pharma incumbents. Engine Biosciences is one of the former, a Singaporean outfit with with an expert founding crew and a different approach to the business of finding new therapeutics, and it just raised $43 million to keep growing.

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Security startup Tessian, which uses AI to fight social engineering, trousers $65M

In the latest chunky funding round out of Europe, UK-based email security startup, Tessian, has closed $65 million in Series C funding. The startup applies machine learning to build individual behavior models for enterprise email use that aims to combat human error by flagging problematic patterns which could signify risky stuff is happening — such as phishing or data exfiltration.

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Interactio, a remote interpretation platform, grabs $30M after seeing 12x growth during COVID-19

Interactio

Interactio, a remote interpretation platform whose customers include massive institutions like the United Nations, European Commission and Parliament along with corporates like BMW, JP Morgan and Microsoft, has closed a whopping $30 million Series A.

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Unbounce snags Snazzy.ai to add automated copywriting to platform

Unbounce acquires snazzy

Unbounce, a Vancouver startup best known for helping marketers create automated landing pages, added a new wrinkle this morning when it announced it has acquired Snazzy.ai, an early stage automated copywriting startup. The two companies did not share the terms.

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Elderly caretech platform Birdie gets $11.5M Series A led by Index

Birdie

SaaS-maker Birdie has closed an $11.5 million Series A round of funding led by Index Ventures. Existing investor Kamet Ventures also participated. The UK-based caretech startup has raised a total of $22.9M since being founded back in 2017 (a 2018 raise that was called a Series A at the time is now being classed as a seed expansion). It’s focused on building tools for social care providers to drive efficiencies in a chronically under resourced sector.

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DataRobot expands platform and announces Zepl acquisition

AI processor

DataRobot, the Boston-based automated machine learning startup, had a bushel of announcements this morning as it expanded its platform to give technical and non-technical users alike something new. It also announced it has acquired Zepl, giving it an advanced development environment where data scientists can bring their own code to DataRobot. The two companies did not share the acquisition price.

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Lightmatter’s photonic AI ambitions light up an $80M B round

Lightmatter

AI is fundamental to many products and services today, but its hunger for data and computing cycles is bottomless. Lightmatter plans to leapfrog Moore’s law with its ultra-fast photonic chips specialized for AI work, and with a new $80M round the company is poised to take its light-powered computing to market.

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Figure raises $7.5M to help startup employees better understand their compensation

Figure platform

Figure, announced it has raised $7.5 million in seed funding led by CRV. Bling Capital, Better Tomorrow Ventures and Garage Capital also participated in the financing, along with angel investors such as AngelList co-founder Naval Ravikant, Jason Calacanis, Reddit CEO Steve Huffman and other executives based in Silicon Valley.

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Personalized nutrition startup Zoe closes out Series B at $53M total raise

Zoe Nutrition

Personalized nutrition startup Zoe — named not for a person but after the Greek word for ‘life’ — has topped up its Series B round with $20M, bringing the total raised to $53M.

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Persona lands $50M for identity verification after seeing 10x YoY revenue growth

Persona

Persona, a startup focused on creating a personalized identity verification experience “for any use case,” aims to differentiate itself in an increasingly crowded space. And investors are banking on the San Francisco-based company’s ability to help businesses customize the identity verification process — and beyond — via its no-code platform in the form of a $50 million Series B funding round. 

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Kaia Health grabs $75M on surging interest in its virtual therapies for chronic pain and COPD

Kaia health

New York headquartered Kaia Health, which offers AI-assisted digital therapies via a mobile app for chronic pain related to musculoskeletal (MSK) disorders and for Chronic Obstructive Pulmonary Disease (COPD), has raised a $75 million Series C. The round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital, Symphony Ventures (golfer Rory McIlroy’s investment vehicle), and A Round Capital.

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Kry closes $312M Series D after use of its telehealth tools grows 100% yoy

Kry

Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and will be used to keep stepping on the growth gas in the region.

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Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M

Tribal Credit

Today, Tribal Credit announced it has raised $34.3 million in a combined Series A and debt round led by QED Investors and Partners for Growth (PFG). Existing backers BECO Capital, Global Ventures, OTG Ventures and Endure Capital also participated in the round, along with new investor Endeavor Catalyst. The raise follows “10x” year-over-year growth, according to CEO and co-founder Amr Shady.

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Amira Learning raises $11M to put its AI-powered literacy tutor in post-COVID classrooms

Amira Learning

School closures due to the pandemic have interrupted the learning processes of millions of kids, and without individual attention from teachers, reading skills in particular are taking a hit. Amira Learning aims to address this with an app that reads along with students, intelligently correcting errors in real time. Promising pilots and research mean the company is poised to go big as education changes, and it has raised $11 million to scale up with a new app and growing customer base.

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