đź«¶The Funding Letter #1607: February 14

Apptronik, Encharge AI, Eudia, and more...

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❤️ Happy Valentine’s Day! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a great weekend!

Hit the Gong 🎉

Source: @sales_bant_er

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Daily Deals đź’¸

🌎 Americas

Chestnut Carbon operates a nature-based carbon offset platform focused on generating forest carbon offsets that are additional, verifiable, and biodiverse to accelerate the path to net zero across a range of industries, enable increased biodiversity, and restore lands to their natural habitat. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $160M, Series B

Round Investors: DBL Partners, CPP Investments, Kimmeridge, Cloverlay

🚀Growth Focus: Grow afforestation capacity and sequester an estimated 100 million tons of carbon over the life of its Sustainable Restoration Project.

HQ: New York, NY

Industry: Environmental Services

Employee Count: 14 (⚡27% increase in last 6 months)

EnCharge AI develops advanced AI hardware and software systems, leverages the existing semiconductor supply chain, and integrates into diverse form factors to build scalable AI architectures and flexible software integration, enabling businesses to seamlessly access advanced AI capabilities. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M, Series B

Round Investors: Tiger Global Management (lead), AlleyCorp, Samsung Ventures, Vanderbilt University

🚀Growth Focus: Advance the commercialization of its first client computing-focused AI accelerator products in 2025 and progress along its future product roadmap.

HQ: Santa Clara, CA

Industry: Embedded Software Products

Employee Count: 51

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