Happy Monday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City.
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Source: @overheard_sales
Daily Deals 💸
🌎 Americas
Lycia Therapeutics develops novel therapeutics that eliminate disease-causing extracellular proteins, enabling medical practitioners to get drugs to cure diseases.
New Funding Raised: $75M, Series D
Round Investors: Balyasny Asset Management (lead), Janus Henderson Investors (lead), OrbiMed, Eli Lilly
🚀Growth Focus: Advance its lead cataLYTAC pipeline programs—including “LCA-0061” for food allergy and “LCA-0321” for Graves’ disease—to early Phase 1 clinical proof-of-concept.
Press: GlobeNewswire, FinSMEs
HQ: South San Francisco, CA
Industry: Biotechnology Research
Employee Count: 36
Oblenio Bio operates as a biotechnology company that transforms the treatment of severe autoimmune diseases, allowing users to target these therapies across various diseases.
New Funding Raised: $62M, Series B
Round Investors: Pfizer Venture Investments (lead), Deep Track Capital, Aditum Bio, GV
🚀Growth Focus: Accelerate the initial clinical development of LBL-051, its tri-specific T-cell engager, designed to achieve a broad immune system reset to treat patients suffering from a range of refractory autoimmune diseases.
Press: Pulse 2.0, GlobeNewswire
HQ: Cambridge, MA
Industry: Biotechnology Research
Employee Count: 6
Warp develops a payroll and compliance platform for startups to optimize financial operations, enabling businesses to confidently hire, onboard, and pay their team no matter where they are.
New Funding Raised: $60M, Series B
Round Investors: Battery Ventures (lead), Y Combinator, Sapphire Ventures, Peak XV Partners
🚀Growth Focus: Support to invest in deeper AI agents, expand its automated tax and compliance infrastructure, and scale its in-person workforce in New York from 50 to 200 employees over the next year.
Press: Pulse 2.0, SiliconANGLE
HQ: New York, NY
Industry: Software Development
Employee Count: 59
General Intuition operates a frontier AI research lab that discovers the next generation of intelligence by training models to acquire a general intuition of reality, allowing users to drastically improve gameplay across existing games and create entirely new, previously impossible experiences, ultimately pushing the frontier of general AI.
New Funding Raised: $320M, Series A
Round Investors: Khosla Ventures (lead), Eric Schmidt, General Catalyst, Sahin Boydas
🚀Growth Focus: Support continued research and development across large action foundation models, world models, data infrastructure, and training systems.
Press: Pulse 2.0, TechCrunch
HQ: New York, NY
Industry: Technology, Information, and Internet
Employee Count: 32
Hera provides care management services that help families handle the practical responsibilities of caring for aging parents at home, enabling adult children and families supporting older adults to manage care tasks more clearly and consistently.
New Funding Raised: $27M, Series A
Round Investors: Bain Capital Ventures (lead), Vincent Tammaro, IA Ventures, Accel
🚀Growth Focus: Accelerate the development of its proprietary AI platform, expand its senior care infrastructure, and scale its geographic operations from New York into California, Florida, Maryland, Pennsylvania, and Massachusetts.
Press: Pulse 2.0, Business Wire
HQ: New York, NY
Industry: Technology, Information, and Internet
Employee Count: 32
GrailPay develops prepayment systems that deploy on existing loyalty applications, bypassing the card networks and their associated costs, allowing financial institutions, payment processors, and fintech companies to process bank transactions with improved accuracy and reduced payment risk.
New Funding Raised: $10.5M, Series A
Round Investors: MissionOG (lead), Commerce Ventures, Construct Capital, Counterpart Ventures
🚀Growth Focus: Expand its payments risk decisioning platform and accelerate development of infrastructure designed to support instant and AI-driven business payments.
Press: Business Wire, citybiz
HQ: New York, NY
Industry: Financial Services
Employee Count: 15
Mirendil develops AI research systems, enabling scientific and engineering organizations to accelerate discovery and innovation through self-improving computational intelligence.
New Funding Raised: $200M, Seed
Round Investors: Andreessen Horowitz (lead), Kleiner Perkins (lead), NVIDIA
🚀Growth Focus: Accelerate science and technology by building AI systems designed to improve AI research and development itself.
Press: Pulse 2.0, SiliconANGLE
HQ: San Francisco, CA
Industry: Research Services
Employee Count: 7
TRIMTECH Therapeutics’s targeted protein degradation platform addresses neurodegenerative diseases through the degradation of toxic protein aggregates, allowing patients to access safe and effective therapies.
New Funding Raised: $14M, Seed
Round Investors: Johnson & Johnson Innovation (lead), Cambridge Enterprise Ventures, Cambridge Innovation Capital, Dementia Discovery Fund
🚀Growth Focus: Support the continued development of its proprietary platforms and differentiated portfolio of CNS-penetrant degraders.
Press: Pulse 2.0, Business Wire
HQ: Cambridge, MA
Industry: Biotechnology Research
Employee Count: 21
Sazabi develops AI-based software monitoring and system observability services for understanding and managing production software systems, enabling engineering teams and software-driven organizations to maintain system reliability, reduce manual monitoring work, and improve operational efficiency in fast-moving development environments.
New Funding Raised: $8M, Seed
Round Investors: J2 Ventures (lead), Village Global (lead), Y Combinator (lead), Orange Collective
🚀Growth Focus: Expand its engineering team, accelerate product development, and deepen its integrations across modern cloud and developer platforms.
Press: PR Newswire, Pulse 2.0
HQ: San Francisco, CA
Industry: Software Development
Employee Count: 12
AquaPoro operates atmospheric generation systems for producing water from ambient air in low-humidity environments, allowing residential and industrial markets to generate on-site water supplies and reduce dependence on conventional freshwater sources.
New Funding Raised: $5M, Seed
Round Investors: Breakout Ventures (lead), One Small Planet, Humba Ventures, Cerberus Ventures
🚀Growth Focus: Accelerate manufacturing scale-up and the deployment of its first commercial pilot installations.
Press: Pulse 2.0, Business Wire
HQ: Vista, CA
Industry: Climate Technology Product Manufacturing
Employee Count: 9
NeuroLife develops a wearable neurotechnology platform for restoring functional recovery, enabling stroke survivors and spinal cord injury patients to receive personalized and signal-driven rehabilitation for hand and arm movement.
New Funding Raised: $2.9M, Seed
Round Investors: Battelle (lead), The NeuroTech Institute
🚀Growth Focus: Expand operations and its development efforts.
Press: Business Wire, Yahoo Finance Singapore
HQ: Columbus, OH
Industry: Biotechnology Research
Employee Count: 10
🌍 EMEA
Deltia operates an AI-powered process analytics platform, allowing manufacturers to optimize manual production processes through computer vision, real-time monitoring, and automated workflow analysis.
New Funding Raised: €16.3M, Series A
Round Investors: Blisce (lead), Underline Ventures, Robin Capital, Merantix Capital
🚀Growth Focus: Expand its manufacturing intelligence platform, helping factories identify inefficiencies, improve productivity, and advance automation on the shop floor.
HQ: Berlin, Germany
Industry: Software Development
Employee Count: 51
Eqon develops thermal controllers that specialize in efficient energy management, enabling users to optimize thermal systems and predict future power consumption.
New Funding Raised: $6M, Seed
Round Investors: Azolla Ventures (lead), Wilstar As (lead), Climentum Capital, Gain Venture Capital
🚀Growth Focus: Scale its patented heating cable management technology, expand its core commercial presence across the United States, and accelerate product commercialization across industrial process heating sectors.
Press: GlobeNewswire, FinSMEs
HQ: Stavanger, Norway
Industry: Computer Hardware Manufacturing
Employee Count: 11
Talentir’s talent monetization platform helps artists turn their music videos into tradable assets, allowing fans to invest in shares of their favorite music videos and earn money from the video's monthly ad revenue.
New Funding Raised: €4M, Seed
Round Investors: Redstone.VC (lead), NewSchool.vc, Cambrena Capital, Blockchain Founders Group
🚀Growth Focus: Build an AI-powered payout infrastructure for companies paying creators, freelancers, and external teams globally.
Press: Pulse 2.0, Startup Researcher
HQ: Vienna, Austria
Industry: Financial Services
Employee Count: 12
Kalipso develops an automation platform that becomes compliant with the current regulations, enabling users to help automate their compliance journey.
New Funding Raised: $3.2M, Seed
Round Investors: Varsity (lead), Plug and Play, Lanai Partners, Kima Ventures
🚀Growth Focus: Support its continued product development and growth as it works to modernize regulatory compliance operations for regulated businesses.
HQ: Barcelona, Spain
Industry: Technology, Information and Internet
Employee Count: 9
Sales Gigs 🏆
⭐️Arcade (LI) is hiring Founding Enterprise AEs out of its San Francisco and NYC offices.
Bland (LI) is hiring BDRs, Mid-Market AEs, and Enterprise AEs for its SF-based team.
PointFive (LI) is hiring Enterprise AEs for its West Coast and London-based teams.
NinjaOne (LI) is hiring Enterprise Regional Sales Managers and Enterprise AEs globally.
Corgi Insurance (LI) is hiring Enterprise AEs and SDRs for its New York + SF offices.
Mecka (LI) is hiring a Director of NA Enterprise Sales for its NY-based team.
Cyera (LI) is hiring a Regional Sales Director - West, and a Commercial AE - Northeast for its SF + NYC teams.
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.
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