In November 2024, Growthink Capital Research reported new venture funding of $6.4 billion, compared to the $13.62 billion recorded in October 2024.
The month’s biggest funding event belonged to LogicMonitor ($800 million) a monitoring software intended for data centers enabling companies to monitor their entire IT infrastructure stack’s storage, servers, networks, applications, virtualization, and websites from the cloud.
Twenty companies raised $100 million in November. Other than LogicMonitor, the other nineteenth companies that raised the most are as follows:
- Insider ($500 million) an online marketing platform intended to optimize marketing spending and target online campaigns enabling clients to post campaigns on social networks and offer discounts only to those customers who are less likely to buy or subscribe.
- Physical Intelligence ($400 million) a general-purpose AI company intended to bridge the gap between artificial intelligence and the physical world enabling industries to perform tasks across various applications.
- Cyera ($300 million) a data storing and security platform intended to prevent breaches and catch data risks in an organization enabling organizations to manage and protect sensitive data, empowering businesses to realize transformative data-driven outcomes.
- JobNimbus ($300 million) customer relationship management (CRM) and project management software intended to serve contractors and business owners in the home services construction industry enabling clients to have greater visibility of work, increase productivity and grow the business.
- Seaport Therapeutics ($225 million) a biopharmaceutical company intended to develop novel neuropsychiatric medicines in areas of high unmet patient needs enabling patients to live with neuropsychiatric disorders.
- Writer ($200 million) a full-stack generative artificial intelligence (AI) platform designed to provide organized workflows enabling users with content that is consistent and on-brand.
- Kong ($175 million) an application programming interface platform designed to manage, monitor, and scale application programming interfaces and micro-services enabling development teams to distribute, monetize, manage, analyze, and utilize APIs.
- Firefly Aerospace ($175 million) an orbital launch vehicle designed to provide economical and convenient access to space enabling businesses to access space and a simple approach to technology selection.
- Sierra Technologies ($175 million) a conversational artificial intelligence platform intended to empower enterprises with AI agents enabling companies to elevate their customer experience with Artificial Intelligence.
- Melio ($150 million) a payment platform designed to provide businesses with digital payment tools enabling small businesses to better manage their supplier payments, minimizing time and cost while maximizing cash flow.
- Chaos Industries ($145 million) a defense technology company intended to offer detection and radar services enabling clients to get quality services.
- Enveda ($130 million) a drug analysis platform designed to capitalize on the chemical diversity and evolutionary significance to create better medicines faster enabling clients in the healthcare industry to form new antibiotics to hypotensives and to identify and characterize a wide range of molecules produced by living organisms.
- Cresta ($125 million) a customer experience platform designed to scale and improve the quality of customer service enabling businesses to double the productivity of their sales and service teams.
- Fingercheck ($115 million) a cloud-based human resources and payroll management platform intended to transform the way small businesses work by making them run smarter to simplify and streamline workflow for employees and employers using a single platform.
- Evommune ($115 million) a treatment that addresses the underlying causes of inflammatory diseases and is designed to improve the quality of life for patients enabling health professionals to advance immunology by discovering, developing, and delivering therapies that effectively target symptoms and impede disease progression.
- Axonis Therapeutics ($115 million) a neurological disorders therapy designed for critical mediators of inhibition within the brain enabling the healthcare industry to resist neurodegeneration, restore excitation, and regenerate neurons.
- Aquaria ($112 million) an atmospheric water generator designed to tap into the humidity in the air as a new and renewable source of water enabling users with a resilient and sustainable source of water for a wide range of markets, including homes businesses, and communities.
- Trace Neuroscience ($101 million) a genetic therapy designed to restore UNC13A protein function and improve communication between nerves and muscles in people with ALS enabling individuals with ALS caused by TDP-43 mislocalization to improve their muscle function and extend survival potentially.
- Halcyon ($100 million) a cybersecurity platform intended to stop ransomware from impacting enterprise customers enabling clients to get resiliency, recovery, and isolation of impacted nodes for mid-market and enterprise customers.
The hottest sectors for funding during the month were Biotech, A.I./Machine Learning, Business/Productivity Software, Cybersecurity, and Healthtech.
Key funding events in each of these sectors for the month are below:
- Biotech deals included Seaport Therapeutics ($225 million), Enveda ($130 million), Evommune ($115 million), Axonis Therapeutics ($115 million), Trace Neuroscience ($101 million), TrexBio ($84 million), Valora Therapeutics ($30 million), Ocugen ($30 million), Secretome Therapeutics ($20 million), Passkey Therapeutics ($20 million), OneCell Diagnostics ($16 million), and Recode Therapeutics ($15 million).
- A.I./Machine Learning deals included Physical Intelligence ($400 million), Writer ($200 million), Sierra Technologies ($175 million), Moonvalley ($70 million), Revv ($20 million), Distyl ($20 million), Shiru ($16 million), Medeloop ($15.5 million), and Keychain ($15 million).
- Business/Productivity Software deals included LogicMonitor ($800 million), Kong ($175 million), Cresta ($125 million), Spectro Cloud ($75 million), Conduktor ($30 million), Wherobots ($21.5 million), Stax.ai ($7 million), Flywheel Dynamics ($7 million), and Serenity ($5.5 million).
- Cybersecurity deals included Cyera ($300 million), Halcyon ($100 million), Viso Trust ($24 million), Trustero ($10.4 million), Hopae ($6.5 million), and Embed Security ($6 million).
- Healthtech deals included TailorMed ($40 million), New Lantern ($19 million), Citizen Health ($14.5 million), Impilo ($11.5 million), World Class Health ($8 million), and Bluespine ($7.2 million).
If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out Growthink Capital’s contact form here.