CloudTech Capital Raises in the U.S. – December 16th-31st, 2024
Several interesting transactions closed in the CloudTech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
- Vultr, developer of an advanced cloud platform designed to empower developers and businesses by simplifying the deployment of infrastructure, received $333 million of development capital led by AMD Ventures and LuminArx.
Later Stage VC
- Syntiant, developer of neuromorphic semiconductors designed to move artificial intelligence and machine learning from the cloud to edge devices, raised venture funding from Khazanah Nasional.
- Cornami, developer of a reconfigurable computational fabric technology intended to allow processor cores to be treated as scalable resources in the same way as memory, storage, and transistors are handled, raised $81.61 million of venture funding from Applied Ventures, RW3 Ventures and Raptor Group.
- CAST AI, developer of a cloud management platform designed for Kubernetes automation, optimization, security and cost management, raised $14 million of venture funding in the form of SAFE notes.
Early Stage VC
- Nuon, developer of cloud applications designed to build deployment models, raised $16.5 million through a combination of Series A-1 and Series A-2 venture funding from M12, Essence Venture Capital and Redpoint Ventures.
Seed Round
- Atmo AI, developer of an artificial intelligence-powered weather forecasting platform designed to solve weather predictions for governments and enterprises worldwide, raised $17.58 million through the combination of Seed funding from Pegasus Tech Ventures, Starling Ventures and Signia Venture Partners.
- Budscout, developer of a cloud-based SaaS platform designed to make operations effective and efficient, raised $1.43 million of Seed-2 funding.
- WealthHub, developer of a cloud-based computing platform designed for trust management of day-to-day activities, raised $1.58 million through a combination of debt and Seed-2 funding in a deal led by Rittenhouse Ventures.
Accelerator/Incubator
- text2test, developer of an artificial intelligence-powered software testing automation suite designed to enhance software quality while lowering development costs, joined Tenity as a part of its HackZone Accelerator Program and received TRY 400,000 in funding in the form of grant.
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Rebecca Lacy
Managing Director
More than 30 years positioning companies for growth. She began her career as a retail business owner then transitioned to McDonnell Douglas/Boeing where she worked to help small businesses gain significant market share. This included advocating at the federal level for legislation to facilitate competition for small businesses. Helped businesses secure non-traditional funding through grants, as well IP and equipment donations. Served in a board or advisory capacity for several economic development organizations. Transitioned to business ownership where she and her team created diagnostic tools and training that helped companies function with greater efficiency and flexibility. Domestic and international clients ranged from start-ups to multi-national corporations from a broad array of industries, government agencies and not-for-profits. B.A. in Public Administration, MBA from Western International University. FINRA Series 7 and 63 licenses.
- Email: rlacy@castleplacement.com
- (C) (573) 880-2974
 Rebecca LacyManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: rlacy@castleplacement.com
C: (212) 418-1181 | C: (573) 880-2974
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
