Good Morning! This free edition of The Funding Letter comes to you from our headquarters in New York City.
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🌎 Americas
World Labs develops spatial intelligence models that enable machines to perceive, generate, reason, and interact with the three-dimensional world, enabling creators, developers, and enterprises in media, gaming, robotics, and design to build immersive, explorable digital worlds.
New Funding Raised: $1B, Venture - Series Undisclosed
Round Investors: AMD, Emerson Collective, Autodesk, Sea
🚀Growth Focus: Accelerate its efforts to advance spatial intelligence.
Press: TechCrunch, Yahoo Finance
HQ: San Francisco, CA
Industry: Research Services
Employee Count: 48
Kavak operates a car trading platform that formalizes the pre-owned cars industry, allowing users to purchase and sell pre-owned vehicles without hassle.
New Funding Raised: $300M, Series F
Round Investors: Andreessen Horowitz (lead), WCM Investment Management (lead), Stelac Advisory Services, Allen & Company
🚀Growth Focus: Accelerate access to car ownership, financing, and marketplace trust across Latin America and other emerging markets.
Press: Pulse 2.0, Startup Researcher
HQ: Mexico City, Mexico
Industry: Motor Vehicle Manufacturing
Employee Count: 4014
Vestwell provides workplace savings and retirement plan administration services that expand access to employer-sponsored financial programs, enabling employers, advisors, and individuals to manage retirement and education savings programs through a centralized digital infrastructure.
New Funding Raised: $385M, Series E ($2B Valuation)
Round Investors: Blue Owl Capital Corporation (lead), Sixth Street Growth (lead), Morgan Stanley, Silver Lake Waterman
🚀Growth Focus: Expand distribution and broaden its access to more complex, professionally managed investment products.
Press: Yahoo Finance, citybiz
HQ: New York, NY
Industry: Financial Services
Employee Count: 484
Heron Power develops industrial power electronics that modernize electricity infrastructure for a rapidly evolving grid, allowing utilities, data centers, and renewable energy operators with reliable, scalable, and cost-efficient power infrastructure.
New Funding Raised: $140M, Series B
Round Investors: Andreessen Horowitz (lead), Capricorn Investment Group, Breakthrough Energy Ventures, Gigascale Capital
🚀Growth Focus: Build a 40-gigawatt, highly automated U.S. manufacturing facility for Heron Link, its solid-state transformer solution for critical energy and AI data center projects.
Press: GlobeNewswire, TechCrunch
HQ: Scotts Valley, CA
Industry: Electric Power Transmission, Control, and Distribution
Employee Count: 69
Novig operates a sports prediction market platform for the U.S., enabling users to trade on sports outcomes through real-time, data-driven forecasting markets.
New Funding Raised: $75M, Series B
Round Investors: Pantera Capital (lead), Edge VC, NFX, Forerunner
🚀Growth Focus: Accelerate product development: more markets, deeper liquidity, and advanced trading tools purpose-built for sports traders.
Press: Yahoo Finance, citybiz
HQ: New York, NY
Industry: Spectator Sports
Employee Count: 48
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Onshore develops a workforce and business operations platform, allowing companies to access, manage, and scale onshore talent and services efficiently.
New Funding Raised: $31M, Series B
Round Investors: FPV Ventures (lead), ADP Ventures, Restive, Y Combinator
🚀Growth Focus: Support expansion into additional U.S. tax and accounting domains.
Press: Business Wire, Yahoo Finance
HQ: New York, NY
Industry: Software Development
Employee Count: 51
DG Matrix manufactures energy storage and solar systems for electric vehicles, enabling users to get affordable services at a reasonable rate.
New Funding Raised: $60M, Series A
Round Investors: Engine Ventures (lead), Mitsubishi Heavy Industries, MCJ, Cerberus Ventures
🚀Growth Focus: Accelerate its next phase of growth, including scaling manufacturing and supply chain operations for the Interport platform.
Press: Business Wire, Yahoo Finance
HQ: Raleigh, NC
Industry: Electrical Equipment Manufacturing
Employee Count: 56
Efficient Computer develops a computing processor that improves performance and eliminates wasted energy, allowing developers to take advantage of the processor's low power and high performance without compromising programmability.
New Funding Raised: $60M, Series A
Round Investors: Triatomic Capital (lead), Overlap Holdings, RTX, Union Square Ventures
🚀Growth Focus: Advance its platform into embedded high-performance applications and further develop its efficient fabric architecture IP across edge, infrastructure, and emerging AI-driven markets.
Press: PR Newswire, SiliconANGLE
HQ: Pittsburgh, PA
Industry: Computer Hardware Manufacturing
Employee Count: 48
Cogent Security operates an AI system that investigates and remediates cybersecurity vulnerabilities, enabling enterprise security teams to manage exposure and maintain system integrity.
New Funding Raised: $42M, Series A
Round Investors: Bain Capital Ventures (lead), Greylock, Definition
🚀Growth Focus: Accelerate product development, expand enterprise deployments, and continue building agentic security systems designed for governed, trustworthy execution at scale.
Press: PR Newswire, Yahoo Finance
HQ: San Francisco, CA
Industry: Computer and Network Security
Employee Count: 37
Avantos develops an AI-native operating system that connects client data, teams, and processes across the relationship lifecycle, allowing financial institutions to manage client onboarding, servicing, and ongoing relationship activities within a unified environment.
New Funding Raised: $25M, Series A
Round Investors: Bessemer Venture Partners (lead), Vanguard, SEI, Guardian Life
🚀Growth Focus: Support continued investment in its platform, including expanded AI agents and deeper integrations with custodians, CRMs, portfolio management tools, underwriting systems, and policy administration platforms.
Press: Business Wire, Yahoo Finance
HQ: New York, NY
Industry: Software Development
Employee Count: 35
Venice develops a privileged access management platform, enabling organizations to implement just-in-time, contextual access across cloud and on-prem environments with zero standing privilege.
New Funding Raised: $25M, Series A
Round Investors: IVP (lead), Index Ventures, Holly Ventures, Assaf Rappaport
🚀Growth Focus: Redefine enterprise privileged access management in the AI era.
Press: The Globe and Mail, Morningstar
HQ: Wilmington, DE
Industry: Computer and Network Security
Employee Count: 11
Rainfall Health’s cloud-based digital health platform provides patient-centric benefits management for people covered under government care, allowing users to automatically connect with private and commercial healthcare providers, reducing the logistics and administrative overhead.
New Funding Raised: $15M, Series A
Round Investors: Two Bear Capital (lead)
🚀Growth Focus: Enhance AI-enabled solutions for the TEAM-mandated health systems in the new value-based reimbursement era.
Press: PR Newswire, FinSMEs
HQ: Berkeley, CA
Industry: Hospitals and Health Care
Employee Count: 11
Dataro develops a fundraising prediction platform that assists charities in their fundraising, enabling users to get live fundraising analytics and donor predictions to set up their fundraising success.
New Funding Raised: $14.28M, Series A
Round Investors: Blueprint Equity (lead)
🚀Growth Focus: Support expansion across product, customer success, sales, and marketing.
Press: Yahoo Finance Singapore, Ventureburn
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 44
Kana develops an agentic marketing platform, allowing brands to automate and optimize customer engagement in the agent-driven digital economy.
New Funding Raised: $15M, Seed
Round Investors: Mayfield Fund (lead)
🚀Growth Focus: Expand hiring across engineering, product, and go-to-market.
Press: Business Wire, SiliconANGLE
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 15
🌍 EMEA
FYLD operates an insights platform that streamlines operations, enhances sustainability, and prioritizes the well-being of field workers, enabling users to eliminate paperwork, save time, and create safer sites.
New Funding Raised: £32M, Series B
Round Investors: Energy Impact Partners (lead), Partech, Ontario Teachers' Pension Plan
🚀Growth Focus: Continue scaling its platform to deliver operational certainty for distributed, high-risk fieldwork in energy, construction, water, and more.
Press: Ventureburn, UKTN
HQ: London, England
Industry: Utilities
Employee Count: 75
Sales Gigs 🏆
⭐️Bretton AI (LI) is hiring Enterprise AEs & Deployment Strategists for its SF-based team.
Brandlight (LI) is hiring Enterprise AEs for its NYC-based team.
ElevenLabs (LI) is hiring for tons of Revenue roles, including remote Commercial AEs and Enterprise AEs in the US and globally.
Northslope (LI) is hiring a Principal, Business Development for its New York-based team.
Decagon (LI) is hiring remote Director, Strategic Accounts, Enterprise AEs, and SDRs out of its NYC and SF offices.
Upwind (LI) is hiring remote Enterprise AEs and Commercial AEs across the US, and globally.
Deepgram (LI) is hiring remote AEs for its US and EMEA teams, and a Commercial Sales Manager for its US-based team.
DepthFirst (LI) is hiring a founding Account Executive for its SF-based team.
Fal (LI) is hiring a Commercial AE and an Enterprise AE for its SF-based team.
Harness (LI) is hiring an RVP of Partners & Alliances, and an RVP of Enterprise Sales for its US-based team.
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