TRACT

Anduril Industries, a defense technology startup, secured $1.5 billion in a funding round, elevating its valuation to $14 billion. The round was led by Founders Fund and Sands Capital. CloudPay, a global leader in enterprise payroll solutions, raised $120 million in a funding round spearheaded by Blue Owl Capital. SYSO Technologies, a market operator specializing in renewable energy and battery storage assets, completed a $14.5 million Series B round, led by Kimmeridge. Chariot, a payments platform focused on Donor-Advised Funds (DAFs), raised $11 million in a funding round led by Maveron. Eden, a Mexican startup leveraging AI for medical data analysis, secured $10 million in funding, with SIERRA Ventures leading the round. Feeling Great, a mental health app, raised $8 million in a seed round led by Learn Capital and TitletownTech. VSPARTICLE, a nanotechnology startup advancing the energy sector, secured $7.1 million in a Series A2 extension, led by NordicNinja VC and Plural. #fundrasing #startups #vc #privateequity #investing #privatemarkets

Mechanical Orchard Secures $50M Series B Led by GV (Google Ventures) to Revamp Legacy Applications. Neon, a database startup, raised $25M from M12, Microsoft's Venture Fund. Anjuna Security, a platform for universal confidential computing, completed a $25M Series B-2 round led by M Ventures , SineWave Ventures, and AI Capital Partners. Datch, an AI-driven company enhancing the manufacturing and energy sectors, secured a $15M Series A extension led by Third Prime. LightSolver, an energy-efficient supercomputing startup, raised $12.5M from EIC (Energy Industries Council). Napkin AI, a visual AI platform, closed a $10M round with Accel and CRV. Bandana, a platform helping wage workers find better jobs, raised $8.5M in a round led by General Catalyst. BBtruck Inc., a logistics and supply chain tech startup, secured $6.5M in a pre-Series A round led by Oasis Ventures and others. Blackstone has launched an infrastructure fund targeting Very High Net Worth Individuals (VHNWIs). #fundrasing #startups #vc #privateequity #investing #privatemarkets

TRACT is transforming the background check industry by integrating advanced human due diligence with comprehensive legal information. This approach provides businesses with deeper insights into potential hires and partners, helping them mitigate risks, ensure compliance, and make more informed decisions. By including detailed legal data, TRACT empowers companies to protect their reputation and thrive in today’s complex legal environment. Read More: https://lnkd.in/eZSjAVrb #BackgroundChecks #RiskManagement #LegalCompliance #DueDiligence #BusinessIntelligence

Riverlane, a quantum computing startup specializing in error correction, raised $75M in a Series C round, bringing its valuation to over $400M. The investment was led by Planet First Partners. Seeq Corporation, an industrial analytics startup, secured $50M in Series D funding, led by Sixth Street Growth. Octane, a fintech company enabling recreational purchases, raised $50M in a Series E round led by Valar Ventures LLC. KNIME, a data analytics platform, secured $30M in funding from The Invus Group. H3X Technologies, a startup developing electric motors for aerospace and marine industries, raised $20M in a Series A round led by Infinite Capital. Apromore, an AI-powered process mining startup, secured $15M in a Series B-1 round, led by Salesforce and GBTEC. Aurascape AI, an AI cybersecurity startup, raised $12.8M in seed funding, led by Mayfield Fund. Hyperspace, a company building cloud instances to accelerate database tasks, raised $9.5M in a seed round led by MizMaa Ventures. Indian space tech startup EtherealX raised $5M in seed funding, led by YourNest Venture Capital. Infrastructure investor Stonepeak has raised $3.2B for its debut middle market fund. #fundrasing #startups #vc #privateequity #investing #privatemarkets

Social media screening has become a vital part of modern background checks, offering employers deeper insights into a candidate's behavior, values, and cultural fit. By reviewing public social media activity, companies can identify potential red flags, verify professional information, and assess overall professionalism. However, ethical considerations such as privacy, consent, and avoiding discrimination are crucial to ensure a fair and legal process. Following best practices and using specialized services can help employers make informed hiring decisions while respecting candidates' rights. Read More: https://lnkd.in/e-uUCWsP #BackgroundChecks #SocialMediaScreening #HiringTrends #EthicalRecruitment #HRBestPractices

AI chip startup Groq secured $640M in funding at a $2.8B valuation, with BlackRock leading the round. AI-driven location analytics company Placer.ai raised $75M, reaching a valuation of $1.45B. Space-as-a-service startup Muon Space closed a $56.7M Series B round, led by Activate Capital. Savvy Wealth, a digital-first platform for financial advisors, raised $15.5M in a round led by Canvas Ventures. German space technology firm DCUBED raised $10.4M in Series A funding, led by Expansion and BayBG Bayerische Beteiligungsgesellschaft mbH. GenAI video startup Hedra raised $10M in seed funding from Index Ventures, Andreessen Horowitz, and other investors. Cartridge, an infrastructure provider for provable on-chain games, raised $7.5M in Series A funding, led by BITKRAFT Ventures. Hyperbolic, a cloud-based provider of GPU resources and AI services, raised $7M in seed funding, led by Polychain Capital and Lightspeed Faction. Thrive Capital, a VC firm and backer of OpenAI, has raised $5B across two venture capital funds. TPG's TPG Twin Brook Capital Partners closed its fifth direct lending fund at $3.9B. #fundrasing #startups #vc #privateequity #investing #privatemarkets

AI-powered background checks are revolutionizing the hiring process by offering unparalleled speed, accuracy, and depth of insight, significantly improving recruitment outcomes. These advanced systems process vast amounts of data quickly, minimizing human error and unconscious bias, and drawing from comprehensive data sources to provide a holistic view of candidates. However, companies must address privacy concerns, data quality, and algorithmic bias to fully leverage AI's potential. As technology advances, AI-driven background checks will become integral to informed, equitable hiring decisions, ultimately strengthening organizational teams. Read More: https://lnkd.in/eSnFsjhS #AIRecruitment #BackgroundChecks #HRTech #DataSecurity #FutureOfWork

Bilt Rewards, a loyalty program designed specifically for renters, has secured $150 million in funding, with Ontario Teachers' Pension Plan (OTPP) leading the round. Contextual AI, a startup focused on developing tailored language models for businesses, has raised $80 million in a Series A round led by Greycroft. Knox Lane, a middle-market investment firm, has closed its second institutional fund, securing $1 billion. #fundrasing #startups #vc #privateequity #investing #privatemarkets

Protect AI, a security company specializing in AI/ML, secured $60M in a Series B round led by Evolution Equity Partners. Proptech startup MYNE raised $44M in Series A funding, with Limestone Capital leading the round. Axle Energy focused on integrating renewable energy into power grids, closed a $9M seed round led by Accel. Bourgeois Bohème Fintech, a financial management platform, obtained $7.2M in seed funding from Graphit Lifestyle GmbH. Bee, a wearable assistant for life admin tasks, raised $7M in seed funding led by Exor Ventures. Sora Fuel, a sustainable aviation fuel (SAF) startup, secured $6M in seed funding from The Engine Ventures. When, an AI-driven offboarding solution, garnered $4.6M in seed funding led by B Capital . Heeyo, an AI chatbot and interactive platform designed for children, raised $3.5M in seed funding from the OpenAI Startup Fund, Amazon Alexa Fund, Pear VC, and others. Quinbrook Infrastructure Partners secured $3B for a fund dedicated to renewable energy investments. Bill Gates' Breakthrough Energy Ventures raised $840M for its third fund. #fundrasing #startups #vc #privateequity #investing #privatemarkets

AI is transforming the landscape of background checks, offering businesses faster, more accurate, and comprehensive insights into potential hires, partners, and acquisitions. By leveraging advanced algorithms and real-time data analysis, AI reduces bias, enhances security, and ensures compliance with regulatory standards. As AI technology continues to evolve, its role in due diligence will expand, providing organizations with the tools they need to make informed, confident decisions in an increasingly complex business environment. Read More: https://lnkd.in/egYgDUis #ArtificialIntelligence #BackgroundChecks #DueDiligence #RiskManagement #Compliance