Good Morning! This free edition of The Funding Letter comes to you from our headquarters in New York City.
Heads up: This newsletter is redacted, and the full version was sent to paying members hours ago.
Members receive LinkedIn/Sales Nav links for prospecting, all open sales gig postings, and in depth data points to personalize outreach.
Want to see what you're missing?
🔓 Unlock the full TFL & our Datasets (stay ahead of the competition)
🤖 Ask TFL Analyst AI ("What companies in NYC raised funding last month?")
📉 Get the Bootstrap Report (Hidden profitable companies)
💥Did you hold off on outreach to last month’s funded companies?💥 We resurface all of last month’s funding announcements (April ’26) in our Thursday Monthly Refresh Dataset. Upgrade today to get after them.
Hit the Gong 🎉
Source: @overheard_sales
Daily Deals 💸
🌎 Americas
Cyera develops a holistic data storage and security platform that prevents breaches and catches data risks in an organization, enabling organizations to manage and protect sensitive data and helping businesses to realize transformative data-driven outcomes.
New Funding Raised: $300M, Series G
Round Investors: Evolution Equity Partners (lead), Sequoia Capital, Sapphire Ventures, Cyberstarts
🚀Growth Focus: Expand its development efforts and business reach.
Press: TechCrunch, Ventureburn
HQ: New York, NY
Industry: Computer and Network Security
Employee Count: 1519
Suno a generative AI platform that creates fully produced, ready-to-listen songs, complete with lyrics, instrumentation, and vocals, from simple text prompts.
New Funding Raised: $400M, Series D
Round Investors: Bond (lead), Lightspeed Venture Partners, Matrix, Union Square Ventures
🚀Growth Focus: Expand its platform and build better models for music creation, curate its capabilities, and roll out superior services.
Press: TechCrunch, SiliconANGLE
HQ: Cambridge, MA
Industry: Technology, Information, and Internet
Employee Count: 410
Centrical develops gamified employee performance management software for learning through digital motivation, enabling employees to connect emotionally to work for a positive and productive culture.
New Funding Raised: $39M, Series D
Round Investors: Kingfisher Investment Advisors (lead), Leeds Illuminate (lead), Jerusalem Venture Partners (JVP)
🚀Growth Focus: Scale AI-powered frontline performance platform.
Press: GlobeNewswire, Dealroom
HQ: New York, NY
Industry: Software Development
Employee Count: 108
ZutaCore manufactures direct-to-chip liquid cooling systems for high-performance computing and AI infrastructure operating in the data center industry, allowing operators to deploy scalable AI infrastructure with controlled thermal performance and reduced water usage.
New Funding Raised: $100M, Series C
Round Investors: Mitsubishi Electric (lead), Samsung Ventures, Carrier Ventures
🚀Growth Focus: Expand its global commercialization presence, scale its product deployments, and advance research and development for next-generation chip architectures exceeding 4,000 watts.
Press: Ventureburn, SiliconANGLE
HQ: San Jose, CA
Industry: Computer Hardware Manufacturing
Employee Count: 137
Wordsmith AI operates a legal operations management platform that helps in-house legal teams manage and automate legal workflows across business functions, enabling corporate legal departments to streamline legal processes, accelerate request handling, and increase operational efficiency.
New Funding Raised: $70M, Series B
Round Investors: Highland Europe (lead), Index Ventures (lead)
🚀Growth Focus: Accelerate platform development, scale headcount globally by year-end, and expand aggressively in the US market.
Press: Ventureburn, Dealroom
HQ: New York, NY
Industry: Legal Services
Employee Count: 27
Forage develops a financial platform that improves the efficiency of government subsidies, allowing merchants to accept EBT payments and providing accessibility to necessities for people with government assistance.
New Funding Raised: $40M, Series B
Round Investors: Mouro Capital (lead), FJ Labs, Long Journey Ventures, Intuit Ventures
🚀Growth Focus: Expand a consumer platform designed to help low-income families reduce grocery costs.
Press: PR Newswire, citybiz
HQ: San Francisco, CA
Industry: Financial Services
Employee Count: 66
Town develops an AI-powered digital assistant platform that automates knowledge work tasks across existing software tools, enabling businesses and organizations to reduce repetitive manual work, centralize task execution, and retain granular oversight of automated actions across their software environment.
New Funding Raised: $55M, Series A
Round Investors: Andreessen Horowitz (lead), Alt Capital, Conviction, First Round Capital
🚀Growth Focus: Build AI assistants that can learn from users’ habits and interactions across workplace software.
Press: Yahoo Finance, citybiz
HQ: San Francisco, CA
Industry: Technology, Information, and Internet
Employee Count: 31
Layup Parts manufactures composite parts that provide lightweight, high-strength structural components for engineering and aerospace applications, allowing aerospace, defense, automotive, and industrial clients to procure precision-engineered composite components with faster production turnaround, greater material consistency, and reduced overall manufacturing costs.
New Funding Raised: $42M, Series A
Round Investors: Founders Fund (lead), Marlinspike Capital (lead), Haystack, Pinegrove Capital Partners
🚀Growth Focus: Support hiring and facility expansion as it scales its zero-click ordering software.
Press: TechCrunch, Dealroom
HQ: Huntington Beach, CA
Industry: Manufacturing
Employee Count: 34
Lassie’s AI platform automates insurance payment processing for dental practices, enabling dental offices to automate back-office tasks, eliminate accounts receivable backlogs, and accelerate payment cycles without manual data entry.
New Funding Raised: $35M, Series A
Round Investors: Andreessen Horowitz (lead), Night Capital, Zachary Perret, Gokul Rajaram
🚀Growth Focus: Expand its AI-powered automation platform as it moves beyond healthcare and pursues a broader vision of helping small businesses operate with significantly less administrative overhead.
Press: Business Wire, citybiz
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 38
Mammogen develops liquid biopsy diagnostic technology for early breast cancer detection, allowing clinicians, imaging centres, and healthcare providers to support breast cancer screening in women with dense breast tissue.
New Funding Raised: $30M, Series A
Round Investors: [Not Disclosed]
🚀Growth Focus: Advance its blood-based RNA platform, genTRU-breast, which is designed to detect breast cancer earlier by reading molecular signals alongside traditional imaging like mammograms.
Press: GlobeNewswire, Dealroom
HQ: Aliso Viejo, CA
Industry: Biotechnology Research
Employee Count: 7
🌍 EMEA
Factorial develops a human resources management platform for small and medium-sized businesses, enabling users to automate their human resource chores, reduce mistakes, and gain insight into their organization.
New Funding Raised: $150M, Series D
Round Investors: General Catalyst (lead)
🚀Growth Focus: Expand the AI workforce platform across Europe.
Press: Yahoo Finance, Ventureburn
HQ: Barcelona, Spain
Industry: Software Development
Employee Count: 2704
Oxford Quantum Circuits develops quantum computing technology that assists in solving challenges like climate change and new drug discoveries, allowing companies to employ superconducting circuits to develop quantum computers.
New Funding Raised: £260M, Series C
Round Investors: Bullhound Capital (lead), SBI Investment, Mastercard, Chevron Technology Ventures
🚀Growth Focus: Support to boost its presence in key markets and speed up its path to "commercially useful" quantum computing.
Press: Tech.eu, Ventureburn
HQ: Reading, England
Industry: Information Technology & Services
Employee Count: 148
Quobly builds semiconductor-based technologies that unlock the full potential of quantum technologies, enabling researchers and industries to develop scalable, cost-effective quantum processors.
New Funding Raised: €115M, Series A
Round Investors: Bpifrance (lead), SEALSQ (lead), STMicroelectronics, Blast. Club
🚀Growth Focus: Support industrialisation, performance improvements, and full-stack system development, while advancing its first commercial system, which is planned for cloud access in 2026 and subsequent deployment in high-performance computing environments.
Press: EU-Startups, Vestbee
HQ: Grenoble, France
Industry: Computer Hardware Manufacturing
Employee Count: 93
Gradient Labs operates an AI-based user support platform that resolves user service queries end-to-end, allowing companies to scale user experience with fewer human staff.
New Funding Raised: $26M, Series A
Round Investors: CommerzVentures (lead), Octopus Ventures (lead)
🚀Growth Focus: Further develop its AI infrastructure for autonomous banking operations and accelerate the deployment of specialist AI agents across financial services organizations in the United States and Europe.
HQ: London, England
Industry: Technology, Information, and Internet
Employee Count: 46
Gigaton develops AI-powered plant control and optimization technology, enabling energy-intensive industries to improve operational efficiency, reduce costs, and lower carbon emissions.
New Funding Raised: $26M, Series A
Round Investors: Plural (lead), Planet A Ventures, Semapa Next, UCL Technology Fund
🚀Growth Focus: Fuel a fivefold increase in its team and support its expansion into the steel, glass, and chemical industries.
Press: Startup Researcher, Ventureburn
HQ: London, England
Industry: Software Development
Employee Count: 33
Sales Gigs 🏆
⭐️Exa (LI) is hiring a Founding NYC AE and a Head of Sales Development for its SF/NYC-based team.
Sigma Computing (LI) is hiring remote + in-person Enterprise AEs, and Commercial AEs for its NYC-based team.
Socket (LI) is hiring Enterprise AEs and a Channel Partners Lead for its remote based team.
Fresha (LI) is hiring sales roles globally, including in London, Paris, and Austin, TX.
Resolve.ai (LI) is hiring Enterprise AEs and Solutions Engineers for its NYC and SF-based teams.
Expo (LI) is hiring a fully remote Account Executive and a Technical Inside Sales role for its US-based team.
Cognichip (LI) is hiring a VP of Sales and Sales Director for its Redwood City based team.
Coder (LI) is hiring a remote Cloud Partner Sales Manager for its US-based team.
Replit (LI) is hiring Enterprise AEs for its NYC and Foster City (Bay Area) based teams.
Legora (LI) is hiring Mid-Market & Enterprise GTM Managers across the US.
How valuable was today's email?
📬 Questions? Feedback? Email us at [email protected]! We incorporate all user feedback into our product. Nothing is off-limits.
