Foundation Capital

HumanX Raises $6M to Launch the Premier Community for AI, Setting Agenda for Inaugural Gathering in March 2025

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Monday, April 15, 2024

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The inaugural gathering will be hosted in March 2025 and bring together C-suite leaders, industry decision makers, policymakers, founders and AI-practitioners to delve into the latest advancements and challenges presented by AI.

Key Points:

The inaugural gathering will be hosted in March 2025 and bring together C-suite leaders, industry decision makers, policymakers, founders and AI-practitioners to delve into the latest advancements and challenges presented by AI.
HumanX will offer distinct insights, strategies and tactics for leaders to move confidently forward in deploying and integrating AI.
HumanX serves as an incubator to make AI useful to organizations across the globe through a three-pronged approach.
The inaugural HumanX conference is scheduled for March 10-13, 2025 at The Fontainebleau Resort in Las Vegas.

Zero Prime Ventures Raises Second Fund to Back Even More Engineer-Founders From Company Inception

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Wednesday, March 20, 2024

Zero Prime Ventures (previously Data Community Fund), the firm that writes the first checks for day zero engineer-founders, today announced its second fund as well as the addition of new Partner Yang Tran .

Key Points:

Zero Prime Ventures (previously Data Community Fund), the firm that writes the first checks for day zero engineer-founders, today announced its second fund as well as the addition of new Partner Yang Tran .
View the full release here: https://www.businesswire.com/news/home/20240319152582/en/
Partners Pete Soderling and Yang Tran of Zero Prime Ventures.
In fact, we're in the thick of it already,” said Pete Soderling, founder of Zero Prime and the Data Council community.
“He was there with us from the beginning of the company and has been instrumental to our success.”
To learn more about Zero Prime, please visit zeroprime.vc .

Ascent secures venture funding to modernize underwriting infrastructure and deliver financial portability

Retrieved on:

Tuesday, March 19, 2024

CUNA Mutual Group, Environment, General partnership, Telecommunications, Foundation Capital, HIPAA, VCS, Government, Bank

NEW YORK, March 19, 2024 /PRNewswire/ -- Ascent Platform Corporation, the leader in financial portability solutions for banks and credit unions, announced today that it has successfully raised $5.3 million in venture funding. The round was led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors.

Key Points:

NEW YORK, March 19, 2024 /PRNewswire/ -- Ascent Platform Corporation , the leader in financial portability solutions for banks and credit unions, announced today that it has successfully raised $5.3 million in venture funding.
Ascent is the first platform that enables financial institutions and their customers to securely and bidirectionally share internal and external financial information, on a permissioned basis.
Financial institutions sit on troves of data on their customers, but this data is largely unstructured, siloed, and inoperable.
"Ascent is positioned to capitalize on increased data accessibility in financial services and manage and control workflows within and across institutions".

Helius Raises $9.5M in Series A Funding to Enhance the Developer Experience on Solana

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Thursday, February 22, 2024

Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.

Key Points:

Helius, a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana, today announced the close of its $9.5M Series A round.
While Solana is perhaps the most scalable, secure, and composable Layer 1 blockchain, it has also created friction for some developers.
Helius will use its Series A funding to hire low-level systems and backend engineers.
Nick Pennie, COO of Helius, added, “We are proud of Helius’ evolution and our ability to drive value for the Solana ecosystem.

Campfire Secures $3.5M in Seed Funding to Modernize Accounting Software for Startups and Midsize Companies

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Tuesday, February 27, 2024

SAN, General partnership, Foundation Capital, Y Combinator, QuickBooks, Treasury, API, KPI, Cryptocurrency

Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue processes.

Key Points:

Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue processes.
Campfire secures $3.5M in funding and Y Combinator-backing for its modern accounting platform for mid-size companies.
While legacy accounting solutions designed for sole proprietors or huge conglomerates across industries, Campfire is focused on serving startups and mid-size technology companies.
Campfire is both simple and scalable, offering two distinct yet synergistic products: Revenue Automation and Core Accounting.

Neurelo Data Access Platform Simplifies and Accelerates Modern Cloud Application Development

Retrieved on:

Wednesday, January 31, 2024

Cloud Data API innovator Neurelo, Inc. today emerged from stealth, introducing a comprehensive and extensible data access platform that enhances developer productivity by simplifying and accelerating the way they build and run applications with databases.

Key Points:

Cloud Data API innovator Neurelo, Inc. today emerged from stealth, introducing a comprehensive and extensible data access platform that enhances developer productivity by simplifying and accelerating the way they build and run applications with databases.
The Neurelo Cloud Data API Platform is generally available as of today, providing auto-generated, purpose-built REST and GraphQL APIs, AI-generated custom-query endpoints, deep query observability, and Schema as Code.
Neurelo innovations introduced today include:
Auto-generated APIs – Neurelo instantly generates purpose-built REST and GraphQL APIs for data access from applications, eliminating developer reliance on ORM and server-side frameworks.
The Neurelo Cloud Data API Platform is now generally available.

Anomalo Reports Record Demand for Its Data Quality Platform as It Raises a $33 Million Growth Round With Participation From Strategic Investor Databricks Ventures

Retrieved on:

Wednesday, January 24, 2024

In 2023:

Key Points:

In 2023:
Anomalo had record growth, ending its fiscal Q3 with growth of 177% year-over-year in annual recurring revenue – a growth of nearly three-fold.
As Jeremy and I suspected when we founded Anomalo, data quality has become an urgent issue in this new world.
That allows data management teams to resolve data quality issues before data is put into production.
“Anomalo’s AI-powered monitoring and data observability capabilities make it easy for Databricks customers to ensure that trusted, reliable data is driving their business.

Infield announces $3M funding to use AI to manage open-source dependency updates

Retrieved on:

Tuesday, January 16, 2024

Y combinator, Foundation Capital, Software, Headache, Cryptocurrency

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Infield today announced $3M in funding for its comprehensive open-source dependency manager. The round was led by Foundation Capital with participation of YCombinator and Firsthand Alliance. Adam Gross (former CEO of Heroku), Jonathan Siddarth (founder of Turing) and Austin Ogilvie (founder of Thoropass) also joined as investors. Infield makes open-source dependency upgrades safer and more efficient.

Key Points:

Using LLMs and deep knowledge of common packages, Infield makes dependency management painless while handling breaking changes
NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Infield today announced $3M in funding for its comprehensive open-source dependency manager.
Some updates include "breaking changes", which can cause systems to stop working unless other changes or updates are made first.
On the other hand, the longer you wait, the harder it gets as the dependency updates multiply."
Infield manages the details of dependency updates, remediating breaking changes where required, as well as figuring out the optimal order for updates.

Bolt Threads to Become a Public Company, Growing its Pioneering Biomaterials Platform Through Business Combination With Golden Arrow Merger Corp.

Retrieved on:

Wednesday, October 4, 2023

Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, announced a definitive agreement for a business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”) that would result in Bolt Threads becoming a public company.

Key Points:

Bolt Threads, Inc. (“Bolt Threads”), a pioneer in sustainable biomaterials for consumer products, announced a definitive agreement for a business combination with Golden Arrow Merger Corp (Nasdaq: GAMC) (“Golden Arrow”) that would result in Bolt Threads becoming a public company.
Bolt Threads is a mission-driven biomaterials platform created to enable a better future for people and the planet.
Additionally, Golden Arrow’s trust account of $21.5M may deliver additional proceeds to the company at closing of the business combination transaction.
BTIG, LLC is acting as financial advisor and Latham & Watkins LLP is acting as legal advisor to Bolt Threads.

Ikigai Labs Announces $25M in Series A Funding to Bring Generative AI for Tabular Data to All Enterprises

Retrieved on:

Thursday, August 24, 2023

Learning, Face, Synthetic media, General partnership, Foundation Capital, MIT, Forecasting, Student, SAN, Generative, Organization, Medical device, AI, Ikigai

SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- Ikigai Labs, a company that unlocks the power of generative AI for tabular data, today announced $25M of new capital by Premji Invest with participation from Foundation Capital and e& capital. The capital will further Ikigai Lab's vision to revolutionize the way enterprises harness AI. Organizations can be trained to master AI leveraging the Ikigai Academy and using the Ikigai platform that is easy, fast and powerful by design.

Key Points:

The capital will further Ikigai Lab's vision to revolutionize the way enterprises harness AI.
Organizations can be trained to master AI leveraging the Ikigai Academy and using the Ikigai platform that is easy, fast and powerful by design.
We are excited to work with Premji Invest, Foundation Capital, e& capital and luminaries like Diane Greene, who are enabling us to make Generative AI for tabular data truly effective across enterprises."
We are excited about the early adoption Ikigai has established within enterprises, and their potential impact across all industries."