InsuranceDekho raises $150 mn, largest ever series A funding round by Indian insurtech firm – Leading Indian insurtech player, InsuranceDekho on Tuesday raised a whopping $150 million in a funding round consisting of a mix of equity and debt. This would be the largest ever series A round by an Indian Insurtech company. Goldman Sachs Asset Management and TVS Capital Funds led the equity round.
FYR Medical Receives Series A Funding to Complete Development of the Industry’s First Light Field Extended Reality Loupes—a Revolutionary Product Advancement for the Operating Room – FYR Medical, FYR Medical, Inc today announced it has raised a $2.6 million Series A funding round. The round is led by NuVasive, Inc., the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, and joined by other firms and individual investors. The funding will be used to develop the world’s first extended reality (XR) digital loupes that deploy light field technology designed to reduce the eye strain and fatigue typical of most augmented reality and virtual reality headsets on the market today. The device is extremely lightweight with a minimalized form factor designed to replicate the size and shape of surgical loupes. Importantly, the virtual content within the XR digital loupes will be easily viewable in the bright lighting conditions typically associated with operating rooms.
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Loam Bio Raises $73M In Series B Round For Its Microbial Inoculum Approach – The agriculture sector possesses an enormous ability to store CO2 as research has been showing. A new carbon farming company called Loam Bio is advancing its approach to sequester CO2 into the soil as a way of curbing greenhouse gas emissions.
The startup announced it has raised A$105 million ($73 million) in a Series B funding round to expand the availability of its seed coating that enhances plants’ ability to store carbon in the soil. The funding round was co-led by Lowercarbon Capital and Wollemi Capital with participation from Horizons Ventures, Acre Venture Partners, Main Sequence, the Clean Energy Finance Corporation, Grok Ventures and others.
Monad Labs closes $19M Seed Funding Round Led by Dragonfly Capital – Monad Labs, the team supporting the high-performance Monad blockchain, today announced the closing of a $19 million seed funding round led by Dragonfly Capital. The round saw additional participation from 70 investors, including Placeholder Capital, Lemniscap, Shima Capital, Finality Capital, as well as notable angel investors in the space such as Cobie and Hasu – amongst others.
Founded in 2022, Monad Labs is an early-stage, venture-backed tech startup, whose team brings with them over seven years of experience in building low-latency, high-frequency-trading systems at Jump Trading. Currently, the growth of decentralized finance (DeFi) on Ethereum-compatible platforms is hampered by the inefficiency of existing Layer1 protocols, which offer limited throughput at a high cost. These factors limit the functionality of decentralized applications (Dapps) and make it difficult for them to scale for mass adoption. Monad Labs addresses all these issues through its Monad blockchain, an Ethereum Virtual Machine (EVM)-compatible Layer1 smart contract platform designed to provide many multiples of the throughput offered by Ethereum.
Suite Studios Raises $3.5 Million to Transition Post Production to the Cloud – Suite Studios, a cloud-based platform that empowers creative teams to take control of their post-production workflows, today announced the close of their $3.5 million seed round led by Bonfire Ventures, with participation from Range Ventures and other angel investors. Suite Studios’ easy-to-use cloud-based platform replaces on-premise hardware so creatives and creative teams can focus less on managing infrastructure and more on what matters most – making great content. Since Suite Studios was first made available in February 2022, the company has experienced 60 percent revenue growth month over month leading up to the raise.