🎁The Funding Letter #1573: December 24

Cursor, Bluenote Health, Sitemate, and more...

December 24, 2024

In partnership with

Merry Christmas Eve! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City.

Note: We will be taking tomorrow off, and will resume deliveries on December 26th. Have a wonderful holiday! - TFL Team

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Daily Deals 💸

🌎 Americas

Cursor has developed a data collaboration platform that allows developers to write code using predictive typing and natural language instructions to integrate seamlessly with their existing codebase and ensure privacy and security. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M, Series B ($2.5B Valuation)

Round Investors: Thrive Capital (lead), Andreessen Horowitz

🚀Growth Focus: Make future acquisitions and better position it against its competitors.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 954 (acquired by DataRobot)

GEMMABio is a therapeutics company that serves its research and innovation arm, enabling the healthcare industry to bring gene therapy discoveries from the bench to the bedside faster and affordably. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $34M, Seed

Round Investors: Earlybird Venture Capital (lead), Bioluminescence Ventures (lead), Double Point Ventures (lead), Savannah Life Sciences

🚀Growth Focus: Accelerate operational expansion and innovative gene therapy programs.

HQ: Philadelphia, PA

Industry: Biotechnology Research

Employee Count: 52

Bluenote Health develops a life sciences AI Platform trusted by leading life sciences companies, allowing customers to automate copy-pasting and synthesis tasks and improve document quality for CSRs, CMC documents, AV reports, ICFs, and more. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $10M, Venture - Series Undisclosed

Round Investors: Lux Capital (lead), McKesson Ventures, Moxxie Ventures, Elad Gil

🚀Growth Focus: Transform life sciences workflows with AI.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 4

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