Nov 30, 2023

Round: Series B Description: San Diego-based Iambic Therapeutics is disrupting the therapeutics landscape with its unique AI-driven drug-discovery platform. Founded by Fred Manby, Sarah Trice, and Thomas Miller in 2019, Iambic Therapeutics has now raised a total of $153.0M in total equity funding and is backed by NVIDIA, Gradiant, Sequoia Capital, OrbiMed, and Nexus Venture Partners. Investors in the round: Abingworth, Ascenta Capital, Bill Rastetter Rastetter, Catalio Capital Management, Coatue, FreeFlow, Gradiant, Illumina Ventures, Nexus Ventures, NVIDIA, OrbiMed, Sequoia Capital, William Rastetter Industry: Artificial Intelligence (AI), Machine Learning, Software, Therapeutics Founders: Fred Manby, Sarah Trice, Thomas Miller Founding year: 2019 Round: Series B Description: Kent-based Stoke Space is a developer of reusable rockets that provide access to and from any orbit to the satellite industry. Founded by Andy Lapsa and Thomas Feldman in 2019, Stoke Space has now raised a total of $174.1M in total equity funding and is backed by University of Michigan, Point72 Ventures, Y Combinator, Breakthrough Energy Ventures, and TRAC. Investors in the round: Breakthrough Energy Ventures, Explorer 1 Fund, In-Q-Tel, Industrious Ventures, Long Journey Ventures, MaC Venture Capital, NFX, Point72 Ventures, Sparta Group, Toyota Ventures, Trajectory Ventures, University of Michigan, Y Combinator Industry: Aerospace, Product Design, Space Travel Founders: Andy Lapsa, Thomas Feldman Founding year: 2019 Round: Series B Description: Calgary-based Eavor is a technology-based energy company that provides a clean, carbon-neutral, scalable, baseload power solution. Founded by John Redfern and Paul Cairns in 2017, Eavor has now raised a total of $262.8M in total equity funding and is backed by Temasek Holdings, Creative Destruction Lab (CDL), BP Ventures, Chevron Technology Ventures, and Business Development Bank of Canada. Investors in the round: BP Ventures, Business Development Bank of Canada, Canada Growth Fund, Chubu Electric Power, Eversource Energy, Japan Energy Fund, Microsoft Climate Innovation Fund, Monaco Asset Management, OMV, Temasek Holdings, Vickers Venture Partners Industry: Clean Energy, CleanTech, Energy, GreenTech, Renewable Energy Founders: John Redfern, Paul Cairns Founding year: 2017 Round: Series F Description: San Diego-based Shield AI is an artificial intelligence company that aims to protect service members and civilians with intelligent systems. Founded by Andrew Reiter, Brandon Tseng, and Ryan Tseng in 2015, Shield AI has now raised a total of $678.1M in total equity funding and is backed by Andreessen Horowitz, Point72 Ventures, US Innovative Technology Fund, Disruptive, and ARK Investment Management. Investors in the round: ARK Investment Management, Disruptive, Riot Ventures, Sahin Boydas, Snowpoint Ventures, US Innovative Technology Fund Industry: Artificial Intelligence (AI), Autonomous Vehicles, Drones, Machine Learning, National Security Founders: Andrew Reiter, Brandon Tseng, Ryan Tseng Founding year: 2015 Round: Series C Description: Natick-based Electric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels. Founded by David Eaglesham, Derek Warnick, Dorian West, and Raffi Garabedian in 2020, Electric Hydrogen has now raised a total of $602.0M in total equity funding and is backed by Silicon Valley Bank, Trinity Capital, Temasek Holdings, Honeywell, and Capricorn Investment Group. Investors in the round: BP Ventures, Breakthrough Energy Ventures, Capricorn Partners, Climate Pledge Fund, Energy Impact Partners, Equinor Ventures, Fatima Group, Fifth Wall, Fortescue Metals, Kajima Ventures, Microsoft Climate Innovation Fund, Mitsubishi Heavy Industries, New Legacy Group, Oman Investment Fund, Prelude Ventures, Rio Tinto, S2G Ventures, Temasek Holdings Industry: Clean Energy, CleanTech, Energy, Industrial Founders: David Eaglesham, Derek Warnick, Dorian West, Raffi Garabedian Founding year: 2020