 Vedanta Biosciences has raised a $106.5M funding round to develop therapies for allergies and liver disease. The Bill & Melinda Gates Foundation and Pfizer were among the main investors. More: - Vedanta Biosciences develops oral therapies based on bacteria isolated from the human microbiome.
- These therapies are used to treat allergies, liver disease, inflammatory bowel diseases, and difficile infections.
- The company claims it has over 70 patents.
- The funding was co-led by new investors AXA IM Alts and The AMR Action Fund, with participation from the Bill & Melinda Gates Foundation, Pfizer, Skyviews Life Science, Reimagined Ventures, Fiscus Ventures, PEAK6, Atlantic Neptune, K2 HealthVentures, Korea Investment Partners, PureTech Health, Revelation Partners, QUAD Investment Management, Seventure Partners, and Hambro Perks.
- The company is based in Cambridge, Massachusetts.
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Ursa Major has raised a $100M Series D funding round to build rocket engines. The company has contracts with the U.S. Air Force. More: - Ursa is currently building two main products:
- a 5,000-pound liquid oxygen and kerosene engine called Hadley,
- and a 50,000-pound thrust engine named Ripley.
- This funding round was led by Blackrock and Space Capital.
- In addition to the U.S. Air Force, the company has partnerships with Astra, Phantom Space, and Stratolaunch.
- Ursa has raised $234M in total funding since its inception in 2015.
- The company is based in Colorado and employs around 275 employees.
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Development IDE platform Replit has raised a $97M Series B extension funding round, reaching a $1.1B valuation. Andreessen Horowitz's Growth Fund led the round. More: - Replit is a browser-based IDE that enables developers to set up any development environment and release functional live apps in seconds.
- Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer also participated in the funding round.
- The company aims to use this funding to invest in product development, expand its cloud services for developers, and boost its Ghostwriter platform.
- Ghostwriter is an AI pair programmer that helps developers to write code more efficiently.
- Since its inception in 2016, the company has raised over $200M.
- The company is based in San Francisco.
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Virta has closed a $93.8M funding round to expand its international EV charging network. The company has over 350,000 charging points. More: - Its digital platform connects all the key players in the electric vehicle ecosystem and provides services for the whole value chain.
- Virta offers a channel to launch, scale, and operate commercial services in an EV charging ecosystem as a primary business or value-added service.
- Jolt Capital led the funding round, with participation from Future Energy Ventures and Business Finland.
- Over 1,000 businesses across 35 countries use the platform.
- The company is based in Helsinki, Finland.
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💵 Today's funding: Biotech - Mezzion Pharma (South Korea), a pharmaceutical company that develops therapies for liver disease: $40M Growth led by BRV Capital Management.
Transportation - Luup (Japan), enables users to rent e-scooters and e-bikes: $30M D led by Spiral Capital.
- PreAct Technologies (Oregon), develops near-field LiDAR technology: $20M B led by Squared Capital, with participation from State Farm Ventures, Luminate, and Traylor Capital.
Robotics - Veo Robotics (Massachusetts), provides safeguarding solutions for robotics: $29M Growth led by Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures.
SaaS - Rinsed (New York), a CRM platform for the car wash industry: $20M B led by VMG Technology.
- Bobsled (California), a cross-cloud data sharing platform: $17M A co-led by Greycroft and Madrona Venture Group.
Cybersecurity - Riscosity (Texas), a risk management software platform: $7M Growth led by S3 Ventures with participation from Secure Octane Investments, and Firebolt Ventures.
Sustainability - CarbonChain (U.K.), a carbon accounting platform: $10M A co-led by Union Square Ventures and Voyager Ventures.
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- Summer, a New York B Corp that aims to solve the national student debt crisis, has raised a $6M Series A funding round led by General Catalyst, QED Investors, Flourish Ventures, Greycroft, Story Ventures, Gaingels, Calm VC, Partnership Fund for NYC, Fenway Summer, BDMI, and Avidbank.
- Califonia-based security company Hakimo raised $6M in a funding round led by Rocketship.vc, with participation from Neotribe Ventures, defy.vc, and Firebolt Ventures.
- U.K.-based Libraro, a blockchain-based book publisher, has raised $2.4M. nChain led the funding round.
- Cybersecurity company Thrive has acquired data recovery company Storagepipe for an undisclosed amount.
- Brilliant’s bite-sized interactive lessons make it easy (but not too easy) to sharpen your math, data, and CS skills. Try it free for 30 days.*
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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QA Wolf gets web apps to 80% automated end-to-end test coverage in weeks, not years. | |
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