Series A activity: Week of December 9, 2024
39 deals this past week with $1.087 billion raised. Average deal size was $28 million and the mean deal size of $14 million.
Summary Stats
Data for Series A deals done worldwide (ex-China) where amount raised is greater than $5M and the company is not focused on therapeutics.
Interesting Series A Deals
Liquid AI raised $250.00 million at an unknown valuation from Advanced Micro Devices (NAS: AMD)(Mathew Hein) on December 13, 2024. The CEO is Ramin Hasani. Liquid AI is based in Cambridge, MA. Liquid AI is a developer of an artificial intelligence tool intended to solve problems at every scale. Website: www.liquid.ai
Lava raised $10.00 million at an unknown valuation from Founders Fund(Peter Thiel), Khosla Ventures on December 9, 2024. The CEO is Yair Cleper. Lava is based in San Francisco, CA. Lava is a developer of a cryptocurrency payment platform designed to simplify the management of Bitcoin finances. Website: www.lava.xyz
Stainless (Software Development Applications) raised $25.00 million at $152.00 million from Andreessen Horowitz(Jennifer Li), Sequoia Capital on December 10, 2024. The CEO is Alex Rattray. Stainless (Software Development Applications) is based in New York, NY. Stainless (Software Development Applications) is a developer of a software development platform designed to aid in the creation, integration, and maintenance of the application programming interface. Website: www.stainlessapi.com
Vooma raised $14.22 million at an unknown valuation from Craft Ventures(Lainy Singh), Index Ventures on December 10, 2024. The CEO is Jesse Buckingham. Vooma is based in San Francisco, CA. Vooma is a developer of a management platform designed to streamline and optimize various aspects of supply chain and logistics operations. Website: www.vooma.com
Albert (Business/Productivity Software) raised $21.74 million at $83.00 million from Coatue Management(David Schneider) on December 11, 2024. The CEO is Nick Talken. Albert (Business/Productivity Software) is based in Oakland, CA. Albert (Business/Productivity Software) is a developer of a data platform designed to accelerate the designing process of new products and materials. Website: www.albertinvent.com
RapidCanvas raised $16.00 million at $61.00 million from Peak XV Partners on December 11, 2024. The CEO is Rahul Pangam. RapidCanvas is based in Austin, TX. RapidCanvas is a developer of a no-code auto artificial intelligence platform designed for data practitioners looking to transition from raw data to machine learning applications. Website: www.rapidcanvas.ai
Twelve Labs raised $80.00 million at an unknown valuation from New Enterprise Associates(Tiffany Luck), NVentures (Santa Clara)(Mohamed Siddeek) on December 12, 2024. The CEO is Jaesung Lee. Twelve Labs is based in San Francisco, CA. Twelve Labs is a developer of a multimodal artificial intelligence platform intended to bring human-like video understanding to any application. Website: www.twelvelabs.io
All Series A Deals
Ask Sage raised $17.00 million at an unknown valuation from Sapphire Ventures(Jayendra Das) on December 9, 2024. The CEO is Nicolas Chaillan. Ask Sage is based in Bentonville, VA. Ask Sage is a developer of a Generative AI platform platform intended to provide an advanced AI assistant designed specifically for government teams and corporations. Website: www.asksage.ai
Evidently raised $15.00 million at $59.00 million from DN Capital(Gülsah Wilke) on December 9, 2024. The CEO is Feng Niu. Evidently is based in Palo Alto, CA. Evidently is a developer of a cognitive artificial intelligence platform designed to supercharge documentation, research, and population health. Website: www.evidently.com
Flash Weather AI raised $6.25 million at $26.00 million on December 9, 2024. The CEO is Jason Deese. Flash Weather AI is based in Canton, GA. Flash Weather AI is a developer of a lightning prediction technology designed to provide weather insights in actual time. Website: www.flashweather.ai
Lava raised $10.00 million at an unknown valuation from Founders Fund(Peter Thiel), Khosla Ventures on December 9, 2024. The CEO is Yair Cleper. Lava is based in San Francisco, CA. Lava is a developer of a cryptocurrency payment platform designed to simplify the management of Bitcoin finances. Website: www.lava.xyz
Nscale raised $155.00 million at an unknown valuation from Sandton Capital Partners(Rael Nurick) on December 9, 2024. The CEO is Joshua Payne. Nscale is based in Glomfjord, Norway. Nscale is a provider of AI, high-performance computing, and cloud systems intended to deliver computing services to businesses across various industries. Website: www.nscale.com
Xcoub raised $7.00 million at an unknown valuation from Bixin, Digital Finance Group, Jsquare, LD Capital, Mapleblock, Mirana Ventures, Shima Capital, Spartan Group, ViaBTC Capital on December 9, 2024. Xcoub is based in Wellington, New Zealand. Xcoub is a developer of a Decentralized Financing (DeFi) staking platform designed to offer users secure, flexible and high-yield staking opportunities. Website: xcoub.com
Aampe raised $18.00 million at an unknown valuation from Theory Ventures(Andy Triedman) on December 10, 2024. The CEO is Paul Meinshausen. Aampe is based in Cary, NC. Aampe is a developer of AI-powered messaging platform intended to turn customer communication into a retention growth engine. Website: www.aampe.com
Flocean raised $9.00 million at an unknown valuation from Burnt Island Ventures, Freebird Partners, Nysno Climate Investments on December 10, 2024. The CEO is Alexander Fuglesang. Flocean is based in Oslo, Norway. Flocean is a developer of a desalination system intended to deliver affordable freshwater to people, farmers and industries. Website: www.flocean.green
Gavan raised $8.00 million at an unknown valuation from MoreVC on December 10, 2024. The CEO is Itai Cohen. Gavan is based in Acre, Israel. Gavan is a developer of plant-based protein extraction technology designed for sustainable food production. Website: www.gavan.bio
Hyperbolic raised $12.00 million at an unknown valuation from Polychain Capital, Variant (Brooklyn) on December 10, 2024. The CEO is Jasper Zhang. Hyperbolic is based in Irvine, CA. Hyperbolic is a developer of an open-source platform designed for artificial intelligence development by aggregating idle computing resources. Website: www.hyperbolic.xyz
Orbisk raised $8.44 million at an unknown valuation from PeakBridge(Martina Pace), Regeneration VC on December 10, 2024. The CEO is Olaf van der Veen. Orbisk is based in Utrecht, Netherlands. Orbisk is a developer of a fully automated food waste monitor equipment designed to make the food system sustainable. Website: www.orbisk.com
Quantum Brilliance raised $13.00 million at an unknown valuation from Main Sequence Ventures(Bill Bartee), National Reconstruction Fund Corporation(Mary Manning) on December 10, 2024. The CEO is Mark Luo. Quantum Brilliance is based in Canberra, Australia. Quantum Brilliance is a developer of room-temperature quantum accelerators designed to provide ubiquitous quantum computing. Website: www.quantumbrilliance.com
Relai raised $12.00 million at an unknown valuation from ego death capital(Helen Pitt) on December 10, 2024. The CEO is Julian Liniger. Relai is based in Zurich, Switzerland. Relai is a developer of a cryptocurrency investment mobile application designed to empower everyone to invest in Bitcoin. Website: www.relai.app
Spark Innovations (Commercial Services) raised $50.00 million at an unknown valuation from Horizon Venture Capital on December 10, 2024. The CEO is Emma Thompson. Spark Innovations (Commercial Services) is based in San Francisco, CA. Spark Innovations (Commercial Services) is currently operating in stealth mode. Website: Not provided
Stainless (Software Development Applications) raised $25.00 million at $152.00 million from Andreessen Horowitz(Jennifer Li), Sequoia Capital on December 10, 2024. The CEO is Alex Rattray. Stainless (Software Development Applications) is based in New York, NY. Stainless (Software Development Applications) is a developer of a software development platform designed to aid in the creation, integration, and maintenance of the application programming interface. Website: www.stainlessapi.com
Vooma raised $14.22 million at an unknown valuation from Craft Ventures(Lainy Singh), Index Ventures on December 10, 2024. The CEO is Jesse Buckingham. Vooma is based in San Francisco, CA. Vooma is a developer of a management platform designed to streamline and optimize various aspects of supply chain and logistics operations. Website: www.vooma.com
Wafeq raised $7.50 million at an unknown valuation from 9900 Capital(Christopher Corbishley) on December 10, 2024. The CEO is Nadim Alameddine. Wafeq is based in Dubai, United Arab Emirates. Wafeq is a developer of a SaaS-based accounting and e-invoicing platform designed to provide business owners with a single dashboard view of their finances across all their branches. Website: www.wafeq.com
Wavegate raised $26.00 million at an unknown valuation from UCEA Capital Partners(Joao Teixeira) on December 10, 2024. The CEO is Erich Wolf. Wavegate is based in Lake Charles, LA. Wavegate is a developer of an optical reflectometry technology designed to offer real-time closed-loop control for adaptive spinal cord stimulation. Website: www.wavegate.us
Albert (Business/Productivity Software) raised $21.74 million at $83.00 million from Coatue Management(David Schneider) on December 11, 2024. The CEO is Nick Talken. Albert (Business/Productivity Software) is based in Oakland, CA. Albert (Business/Productivity Software) is a developer of a data platform designed to accelerate the designing process of new products and materials. Website: www.albertinvent.com
DeepLife raised $10.00 million at an unknown valuation from Relyens, YZR Capital on December 11, 2024. The CEO is Jonathan Baptista. DeepLife is based in Vernon, France. DeepLife is a developer of a deep learning-powered platform designed to accelerate cell engineering and target identification in biotech and pharmaceutical research. Website: www.deeplife.co
Lyfegen raised $14.24 million at $30.28 million from aMoon Fund(Moshic Mor), TX Ventures(Jens Schleuniger) on December 11, 2024. The CEO is Girisha Fernando. Lyfegen is based in Basel, Switzerland. Lyfegen is a developer of an independent provider of rebate management software designed for the healthcare industry. Website: www.lyfegen.com
Parsec Education raised $8.00 million at an unknown valuation from Blueprint Equity, Saint Louis Partnership for Economic Development on December 11, 2024. The CEO is Babatunde Ilori. Parsec Education is based in Fresno, CA. Parsec Education is an operator of a data analysis company intended to empower educators with tools for understanding and leveraging educational data. Website: www.parseceducation.com
RapidCanvas raised $16.00 million at $61.00 million from Peak XV Partners on December 11, 2024. The CEO is Rahul Pangam. RapidCanvas is based in Austin, TX. RapidCanvas is a developer of a no-code auto artificial intelligence platform designed for data practitioners looking to transition from raw data to machine learning applications. Website: www.rapidcanvas.ai
Silent Push raised $10.00 million at $83.00 million from StepStone Group (NAS: STEP), Ten Eleven Ventures(David Palmer) on December 11, 2024. The CEO is Kenneth Bagnall. Silent Push is based in Reston, VA. Silent Push is a developer of a cybersecurity platform designed to identify and protect against threats. Website: www.silentpush.com
Stigg raised $17.50 million at an unknown valuation from Red Dot Capital Partners(Atad Peled) on December 11, 2024. The CEO is Dor Sasson. Stigg is based in Tel Aviv, Israel. Stigg is a developer of a pricing and packaging platform designed to define, refine, and execute the pricing strategy. Website: www.stigg.io
Truewind raised $13.00 million at an unknown valuation from Rho Capital Partners, Thomson Reuters Ventures on December 11, 2024. The CEO is Alex Lee. Truewind is based in San Francisco, CA. Truewind is a developer of an artificial intelligence-based platform designed to power bookkeeping and finance. Website: www.truewind.ai
1m (Financial Software) raised $10.00 million at an unknown valuation from Banner Health(Scott Nordlund) on December 12, 2024. The CEO is Jeffrey Ellis. 1m (Financial Software) is based in New York, NY. 1m (Financial Software) is a developer of a performance and risk management platform designed to auto-discover trends in financial and operational data. Website: www.1mplatform.com
AISTI raised $23.17 million at an unknown valuation from Voima Ventures on December 12, 2024. The CEO is Mikko Paananen. AISTI is based in Jyvaskyla, Finland. AISTI is a manufacturer of building construction materials intended to meet the needs of modern construction. Website: www.aisti.com
Dfns raised $16.85 million at an unknown valuation from Motier Ventures, Motive Partners, Semantic Ventures, SIG (Susquehanna International Group), White Star Capital, Wintermute on December 12, 2024. The CEO is Clarisse Hagège. Dfns is based in Paris, France. Dfns is a developer of a wallets-as-a-service (WaaS) platform designed to provide digital asset security. Website: www.dfns.co
RAD Security raised $10.00 million at $57.00 million on December 12, 2024. The CEO is Brooke Motta. RAD Security is based in San Francisco, CA. RAD Security is a developer of a cloud security platform designed to monitor the security posture of modern containerized infrastructure. Website: rad.security
Terradot raised $54.00 million at an unknown valuation from John Doerr(John Doerr) on December 12, 2024. The CEO is James Kanoff. Terradot is based in Stanford, CA. Terradot is a developer of a carbon removal platform intended to reduce carbon footprints and revolutionize soil carbon management. Website: www.terradot.earth
Twelve Labs raised $80.00 million at an unknown valuation from New Enterprise Associates(Tiffany Luck), NVentures (Santa Clara)(Mohamed Siddeek) on December 12, 2024. The CEO is Jaesung Lee. Twelve Labs is based in San Francisco, CA. Twelve Labs is a developer of a multimodal artificial intelligence platform intended to bring human-like video understanding to any application. Website: www.twelvelabs.io
Askable raised $14.22 million at an unknown valuation from Airtree Ventures(John Henderson) on December 13, 2024. The CEO is John Goleby. Askable is based in Brisbane, Australia. Askable is a developer of a UX testing participant recruitment platform designed to schedule a calendar of sessions in real-time. Website: www.askable.com
Baller League raised $32.64 million at an unknown valuation from EQT Ventures(Ashley Lundström) on December 13, 2024. The CEO is Felix Starck. Baller League is based in Berlin, Germany. Baller League is an operator of a professional indoor football league intended to develop indoor football leagues with its 6v6, 30-minute match format. Website: www.ballerleague.de
Beacon Power Services raised $29.76 million at an unknown valuation from Partech(Cyril Collon) on December 13, 2024. The CEO is Abimbola Adisa. Beacon Power Services is based in Lagos, Nigeria. Beacon Power Services is a developer of an energy management software designed to harness the power of data to improve energy access. Website: bpsafrica.com
Liquid AI raised $250.00 million at an unknown valuation from Advanced Micro Devices (NAS: AMD)(Mathew Hein) on December 13, 2024. The CEO is Ramin Hasani. Liquid AI is based in Cambridge, MA. Liquid AI is a developer of an artificial intelligence tool intended to solve problems at every scale. Website: www.liquid.ai
Mapped raised $25.49 million at $63.99 million from NTT Docomo Ventures on December 13, 2024. The CEO is Shaun Cooley. Mapped is based in El Segundo, CA. Mapped is a developer of an artificial intelligence-powered data infrastructure platform designed for the commercial and industrial Internet of Things. Website: www.mapped.com
4baseCare raised $7.00 million at an unknown valuation from Yali Capital(Mathew Cyriac) on December 14, 2024. The CEO is Hitesh Goswami. 4baseCare is based in Bengaluru, India. 4baseCare is a developer of genomics and digital health technology designed to fight cancer by transforming precision oncology in Asia. Website: www.4basecare.com
Bikmo raised $9.79 million at an unknown valuation from Puma Growth Partners(Kelvin Reader) on December 16, 2024. The CEO is David George. Bikmo is based in Flintshire, United Kingdom. Bikmo is an operator of a cycle and travel insurance platform intended to protect riders from unexpected events. Website: www.bikmo.com
___
Disclosures
This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.