Grid Edge, a Birmingham, UK-based company specializing in AI-driven energy optimization for commercial buildings, has raised over £2.8 million in funding. Investors The round was from Mercia Ventures, investing through the Midlands Engine Investment Fund II and its own EIS funds, alongside Centrica, bp Ventures, and private investors. Mercia Ventures …

Unframe, a Cupertino, CA-based AI enterprise platform provider, has emerged from stealth with $50 million in funding. Investors Backed by Bessemer Venture Partners, TLV Partners, Craft Ventures, Third Point Ventures, SentinelOne Ventures, Cerca Partners, and Terra Nova Ventures. Unframe Use of Funds The company will use the funds to support …

Hydrolix, a Portland, OR-based data lake platform company focused on transforming the economics of log data, has secured $80 million in Series C funding. Investors The round was led by QED Investors, with participation from Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, and existing investors, including Akamai. Founded in …

Redpanda, a San Francisco, CA-based real-time data platform, has secured $100 million in Series D funding at a $1 billion valuation. Investors The round was led by GV, with participation from Lightspeed Venture Partners, bringing Redpanda’s total funding to $265 million. Founded in 2009, GV is Alphabet's venture capital arm …

Phonic, a San Francisco, CA-based end-to-end speech-to-speech platform for building lifelike conversational voice agents, has raised $4 million in seed funding. Investors The round was led by Lux Capital, with participation from key AI leaders including Amjad Masad (Replit), Clem Delangue (Hugging Face), Qasar Younis (Applied Intuition), and Erik Bernhardsson …

Runway, a New York-based startup developing a suite of generative AI models for media production, has raised $308 million in Series D funding. Investors General Atlantic led the Series D funding round, with participation from Fidelity Management & Research Company, Baillie Gifford, Nvidia, SoftBank, and others. This latest funding brings …

FurtherAI, a San Francisco, CA-based startup provider of AI solutions for commercial insurance, has raised $5 million in seed funding. Investors The round was led by Nexus Venture Partners through its newly launched $700 million AI-focused fund, with participation from Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, Xceedance, …