ByHeart Funded $95M to Advance Innovation Pipeline for Infant Nutrition

Nutrition

ByHeart, a NYC-based operator of an infant nutrition company, stands out for its commitment to providing nutritious food for babies. The company’s products, crafted from hand-picked ingredients and blended in small batches, are a testament to their dedication to quality. ByHeart’s focus on immune, microbiome, cognitive, and digestive health sets them apart, offering parents a unique choice to proactively build a strong foundation for their babies’ future health.

ByHeart was funded $95 million in a new funding round. This significant financial boost will power the development of ByHeart’s cutting-edge innovation pipeline, a testament to its commitment to ensuring babies’ future health through advanced food solutions.

The recent funding round, led by strategic investors including D1 Capital Partners, Bellco Capital, Polaris Partners, Two River, OCV Partners, AF Ventures, Red Sea Ventures, Gaingels, and other angel investors, is a clear vote of confidence in ByHeart’s mission and its potential to revolutionize the infant nutrition market. This capital infusion will be instrumental in expanding research and development efforts, accelerating product development, and enhancing manufacturing capabilities.

ByHeart’s approach combines rigorous scientific research with a commitment to natural ingredients, aiming to provide the highest quality nutrition for infants. The company’s proprietary processes and unique formulations set it apart in a competitive market, promising to deliver products that support healthy growth and development from the earliest stages of life.

The CEO of ByHeart, Ron Belldegrun, said that they are thrilled to have the support of their investors as they continue to innovate and set new standards in infant nutrition. The latest funding allows them to bring their vision to life, ensuring they can offer parents the best options for their babies’ health and future.

The company plans to utilize the funds to scale its operations, enhance its supply chain, and bring new, groundbreaking products to market. ByHeart’s commitment to transparency, quality, and scientific excellence positions it as a leader in improving infant health through better nutrition.

This investment marks a significant milestone for ByHeart and reinforces its mission to provide infants with the foundation they need for a healthy future. With this substantial backing, ByHeart is well-equipped to make a lasting impact on infant nutrition, offering innovative solutions that meet the needs of parents and their babies.

By: K. Tagura

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STELLA Automotive AI Secures $19.7M for Market Growth and Product Development

Automotive

STELLA Automotive AI, based in Tampa, FL, is an artificial intelligence technology that enables solutions for the automobile industry to talk to customers. It uses cognitive conversational artificial intelligence to answer phones, talk to customers, and strengthen core BDC functions like setting appointments.

Using STELLA’s technology, dealerships can solve the longtime major pain points of engaging with customers in a timely and helpful fashion. STELLA’s AI assistant can simultaneously handle unlimited inbound calls, engaging in natural language conversations 24/7 to deliver a world-class customer experience. The STELLA assistant is trained on a wide range of automotive retail topics and can answer frequently asked questions and schedule service and sales appointments.

Stella was funded $19.7 million newly invested capital and outstanding convertible notes that converted into this Series A issuance. Backers included Reynolds and Reynolds, Qvale Auto Group, OREMOR Automotive Group, Mills Automotive Group, Bowers Automotive Group, MileOne Autogroup, Flow Automotive, MBB Auto Group, Ford Family Investments, and West Herr Auto Group, and other strategic angel investors.

This substantial investment is earmarked for accelerating product development and fueling the company’s growth in the market. Stella Automotive AI has been making waves with its innovative approach to leveraging artificial intelligence. Our technology is not just about enhancing various aspects of the automotive sector, from autonomous driving technologies to advanced analytics for vehicle performance optimization, but it’s about revolutionizing the way we interact with customers and strengthen core BDC functions.

Presidio Managing Director Keith Style rightly pointed out that having dealers on board as early investors and users of STELLA’s technology creates a symbiotic relationship that benefits both parties. Our strategic investors, who have deployed these solutions, play a crucial role in providing real-time feedback. This invaluable input enables STELLA to quickly enhance its current product offerings and develop a robust roadmap of future products that dealers want to deploy in their stores.

Stella Automotive AI’s successful funding round underscores the growing interest and investment in AI-driven innovations within the automotive sector, highlighting the industry’s ongoing transformation towards more intelligent, efficient, and connected vehicles.

By: K. Tagura

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Prime Intellect Funded $5.5M to Establish Decentralized AI Ecosystem

Decentralized

Prime Intellect is a San Francisco, CA-based decentralized AI platform developer designed to commoditize intelligence. The company’s platform surpasses the limitations of traditional computing infrastructures using distributed, low-communication training approaches and enables the training of large AI models using distributed resources. This enables developers to reduce costs with affordable and distributed computing and create a sustainable business model for open-source models.

Prime intellect was funded $5.5 million led by Distributed Global and CoinFund with participation from Compound, Collab+Currency and Filecoin Creator Juan Benet with Protocol Labs, as well as angel investors including Hugging Face CEO Clem Delangue.

This substantial investment is aimed at establishing a groundbreaking decentralized AI ecosystem, where participants will be incentivized and rewarded for their contributions. The company’s innovative approach to AI development and collaboration has garnered significant attention and support from investors seeking to capitalize on the growing demand for decentralized technologies.

Prime Intellect’s decentralized AI ecosystem promises to revolutionize how AI research and development are conducted. By leveraging blockchain technology, participants in the ecosystem will have access to a transparent and secure platform for sharing ideas, data, and algorithms. This collaborative environment will foster innovation and drive advancements in AI across various industries.

One of the key features of Prime Intellect’s ecosystem is its reward mechanism. Participants who contribute valuable insights, algorithms, or data to the platform will receive tokens as incentives. These tokens can be used within the ecosystem for accessing premium services, participating in governance decisions, or trading on supported exchanges.

As the demand for AI solutions continues to grow, Prime Intellect’s innovative approach signals a paradigm shift in how AI technologies are developed, deployed, and utilized. The success of their decentralized AI ecosystem could pave the way for a more democratized and collaborative future in AI innovation.

By: K. Tagura

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Nominal Funded $7.5M to Advance Mission-Critical Data Analytics Solutions

Mission-Critical

Nominal is a Los Angeles, CA-based developer of an engineering data infrastructure platform designed to align with the workflows of hardware engineers. The company’s platform bridges the gap between machines and the human experts who develop, test, and operate them by ingesting, analyzing, and visualizing mission-critical hardware data from diverse sources for engineers to gain the insights needed to make reliable and timely decisions, enabling industrialists to make business decisions in a reliable and timely manner.

Nominal was funded $7.5 million, showcasing strong investor confidence in its innovative approach to data analytics. Lux Capital led the Seed round, with participation from Founders Fund and General Catalyst. Additional investors included Haystack VC, XYZ Ventures, Human Capital, Box Group, Overmatch, and strategic angel investors.

Nominal’s platform is designed to help businesses navigate complex data landscapes, providing actionable insights and strategic intelligence. With this latest funding infusion, Nominal aims to further enhance its technology stack, expand its customer base, and solidify its position as a critical player in the data analytics industry.

Cameron McCord Nominal’s CEO said they are thrilled to have the support of their investors as they continue to drive innovation in mission-critical data analytics. The new funding will fuel their efforts to empower businesses with the tools and insights they need to make informed decisions and achieve their strategic objectives.

Nominal has the potential to revolutionize how businesses leverage data for competitive advantage. As companies increasingly rely on data-driven strategies, Nominal’s solutions are poised to drive growth and performance across various sectors.

By: K. Tagura

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GoodGist Funded $1M to Launch Multilingual Platform and Career Upskilling

Career

GoodGist, a Foster City, CA-based, developer of a corporate skills development platform intended to facilitate artificial intelligence-powered knowledge management automation. The company’s platform offers career personalized upskilling content curation, personalized learning, personalized assessment, and research content curation through various courses and learning opportunities that cater to the needs of professionals and students, enabling users to attain enhanced workplace productivity.

Backers included FortyTwo.VC, Cedar Ridge Ventures, DX Partners, and angel investors from tech companies such as Microsoft and Amazon. The company’s platform integrates language education with career-focused content, providing users with a comprehensive learning experience that not only improves language skills but also enhances their career prospects.

This investment will fuel the launch of their innovative multilingual platform in global markets and further enhance their offerings in career up-skilling.

With this new capital infusion, GoodGist aims to expand its reach to a wider audience across different regions, catering to the growing demand for multilingual skills in today’s globalized economy. The platform’s advanced features, such as personalized learning paths, interactive lessons, and real-world simulations, set it apart as a leader in the edtech sector.

GoodGist’s CEO expressed excitement about the funding round, stating, the investment is a testament to the value their platform brings to learners and professionals alike. They are committed to empowering individuals with the language proficiency and career readiness they need to succeed in a competitive landscape.

The company plans to roll out new features and partnerships in the coming months, aiming to revolutionize how people learn languages and advance their careers. GoodGist’s vision of a connected, multilingual workforce is now closer to reality, thanks to this significant funding milestone.

By: K. Tagura

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Higgsfield AI Funded $8M to Advance Video Creation Tools for Creators

Video

Higgsfield AI is a San Francisco, CA-based developer of an open-source machine learning framework designed for video creation tools. The company’s framework offers functions such as allocating exclusive and non-exclusive access to compute resources to users for their training tasks, supporting ZeRO-3 deep speed API and fully sharded data parallel API of PyTorch, enabling users with a framework for initiating, executing, and monitoring the training of large neural networks on allocated nodes, managing resource contention by maintaining a queue for running experiments and more.

Higgsfield AI was funded with $8 million led by Menlo Ventures, with participation from Charge Ventures, Bitkraft Ventures, K5 Tokyo Black, AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund), and DVC, among others. Angel investors include Nima Khajehnouri, Ilya Gelfenbeyn, Abhay Parasnis, Amar Hanspal, and Jack Brody.

The investment will fuel Higgs Field AI’s mission to democratize video creation by making cutting-edge tools accessible to a broader spectrum of content creators, from independent filmmakers to social media influencers. With a focus on leveraging AI and machine learning technologies, Higgs field AI aims to revolutionize how videos are conceptualized, produced, and distributed.

Higgsfield AI’s platform integrates advanced features such as automated video editing, real-time analytics, and personalized content recommendations. By harnessing the power of AI, creators can streamline their workflow, enhance video quality, and optimize audience engagement, ultimately driving growth and success in the digital landscape.

The company’s innovative approach has garnered attention and support from investors who recognize the potential impact of AI-driven solutions in the content creation industry. With the new funding, Higgsfield AI plans to expand its team, enhance product capabilities, and forge strategic partnerships to empower creators further and elevate the standard of video content creation.

As the demand for high-quality video content continues to rise across platforms, Higgsfield AI’s vision and technological prowess position it as a key player in shaping the future of digital content creation. With a focus on accessibility, innovation, and user empowerment, Higgsfield AI is poised to lead the way in revolutionizing the way creators bring their ideas to life through video.

By: K. Tagura

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Goodbill Funded $2M to Revolutionize Healthcare Billing Analysis

Billing

Goodbill is a Seattle, WA-based developer of a payment platform designed to improve the hospital bill payment system. The company’s platform analyzes medical bills, finds possible hospital billing errors and inflated charges, and negotiates to lower expenses by using price technology. This enables customers to get a payment plan and pay less for medical costs.

Goodbill was funded $2 million, led by venture capital firms known for their strategic investments in cutting-edge healthcare technologies and other angel investors. This infusion of capital will enable Goodbill to accelerate the development of its platform and expand its reach within the healthcare ecosystem.

Goodbill is on a mission to transform how medical records and hospital bills are analyzed and managed. By leveraging advanced technologies such as artificial intelligence and machine learning, Goodbill aims to streamline processes, reduce errors, and improve healthcare billing and record-keeping efficiency.

Advanced Data Analysis: Goodbill’s platform utilizes advanced algorithms to analyze digital medical records and hospital bills, extracting valuable insights and identifying areas for optimization.

Cost Savings: Goodbill helps healthcare providers and payers save costs and improve financial performance by identifying billing discrepancies and inefficiencies.

Enhanced Accuracy: Goodbill’s AI-powered algorithms ensure greater accuracy in billing and record-keeping, reducing errors and improving compliance.

Seamless Integration: The platform seamlessly integrates with existing healthcare systems, making it easy for providers to adopt and benefit from Goodbill’s solutions.

Goodbill’s innovative approach could drive significant improvements in the healthcare industry. By streamlining billing processes, improving data accuracy, and reducing administrative burdens, Goodbill empowers healthcare providers to focus more on patient care and less on paperwork.

The $2 million funding secured by Goodbill underscores the growing demand for innovative healthcare billing and record management solutions. With its advanced platform and visionary approach, Goodbill is poised to make a lasting impact on the healthcare industry, driving efficiency, cost savings, and better patient outcomes.

By: K. Tagura

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Telo Funded $5.4M for Efficient Electric Trucks

Electric

Telo, San Carlos, CA-based manufacturer of electric vehicle trucks intended to provide affordable trucks to urban workers and weekend adventurers. The company offers electric trucks for urban living and weekend adventuring, enabling clients to get efficient electric vehicle pickup as per their needs.

Telo was funded $5.4 million led by Ali Partovi with participation from Spero Ventures and angel investors.

Telo’s electric trucks are renowned for their exceptional efficiency, combining cutting-edge battery technology with advanced aerodynamics and lightweight materials to maximize range and reduce operating costs. With this latest investment, Telo aims to accelerate the production and deployment of its electric trucks, targeting key markets where eco-friendly transportation solutions are in high demand.

Jason Marks the CEO of Telo said that they are thrilled to receive this funding, which will enable them to scale up production and bring their highly efficient electric trucks to more customers. Their mission is to revolutionize the trucking industry by offering a sustainable alternative that not only benefits the environment but also delivers significant cost savings to fleet operators.

The electric vehicle market has been experiencing rapid growth, driven by increasing awareness of environmental issues and the need to reduce carbon emissions. Telo’s focus on efficiency and practicality positions it as a frontrunner in the electrification of commercial transportation, attracting attention from investors looking to support innovative solutions with a positive impact on the planet.

With the new funding in place, Telo is poised to expand its operations, enhance its technology, and forge partnerships with key stakeholders in the electric vehicle ecosystem. The company’s commitment to sustainability and performance places it at the forefront of the electric truck revolution, paving the way for a cleaner and more efficient future in transportation.

By: K. Tagura

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Big Sur AI Funded $6.9M Launches AI Sales Agent to Reach E-commerce

Big

Big Sur AI, a Mountain View, CA-based. Developer of an artificial intelligence (AI) tool designed to boost e-commerce sales. The company’s platform helps to increase sales by optimizing the conversion funnel, operational efficiency by streamlining customer service, and getting deeper insights with less manual effort using the power of AI, enabling retailers to boost their sales and streamline their marketing process.

Big Sur AI was funded $6.9 million was led by Lightspeed Venture Partners with participation from Capital F and angel investors.

The influx of capital will enable Big Sur AI to further develop and enhance its innovative AI Sales Agent, a cutting-edge solution designed to revolutionize sales strategies for e-commerce merchants. The AI Sales Agent utilizes advanced machine learning algorithms to analyze customer behavior, predict purchasing patterns, and personalize product recommendations in real time.

With this new round of funding, they are excited to accelerate the development of their AI Sales Agent and empower e-commerce merchants with actionable insights and personalized sales strategies.

The AI Sales Agent aims to address common challenges faced by e-commerce businesses, such as cart abandonment, low conversion rates, and ineffective marketing campaigns. By leveraging AI technology, merchants can optimize their sales funnels, increase customer engagement, and drive revenue growth.

They believe that AI has the potential to transform the e-commerce landscape, and their goal is to empower merchants of all sizes to thrive in a competitive market.

Big Sur AI’s innovative approach to AI-driven sales optimization has already garnered significant interest from e-commerce businesses looking to stay ahead of the curve. With the latest funding round, the company is well-positioned to continue its growth trajectory and make a lasting impact on the future of e-commerce sales strategies.

By: K. Tagura

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Limbic Funded $14M to Expand Global Mental Health Support with AI

Support

Limbic is a NYC- and London, UK-based developer of a therapy assistant platform designed to improve people’s mental health and lives. The company’s platform is developing a scalable method to meet the growing mental health problem. It utilizes an AI-enabled wearable device to measure heartbeats and machine learning to uncover the user’s emotional state, enabling professionals to improve the mental condition of patients by understanding interactions between two humans.

Limbic was funded $14 million and led by Khosla Ventures, with participation from angel investors of Gaingels and Illusian. The investment is set to accelerate the development and deployment of Limbic’s cutting-edge AI-powered mental health support platform, which aims to provide accessible, personalized, and timely mental health support using advanced AI algorithms.

Limbic’s platform utilizes natural language processing and machine learning techniques to analyze user interactions and provide tailored mental health insights. The platform offers users a unique and highly personalized experience by combining data-driven approaches with evidence-based therapeutic practices.

The recent surge in mental health awareness has highlighted the need for innovative solutions to address the growing mental health crisis. Limbic’s technology-driven approach promises to bridge the gap in mental health care by making support more widely available and reducing the stigma associated with seeking help.

Dr. Ross Harper, co-founder and CEO of Limbic, expressed gratitude for the support from investors and emphasized the company’s commitment to positively impacting global mental health. This funding is a significant milestone for Limbic, and they are excited about the opportunity to develop their platform further and reach more individuals needing mental health support. Their vision is to leverage AI to provide personalized and empathetic care, making mental health resources accessible to everyone.

The funds will be allocated to expanding the team of experts in AI, mental health, and user experience design. Additionally, Limbic aims to enhance its platform’s capabilities and ensure it complies with the highest data security and privacy standards.

The positive reception from investors underscores the growing recognition of the importance of leveraging technology to address mental health challenges. As Limbic continues to push the boundaries of AI-powered mental health support, it is poised to contribute significantly to the ongoing efforts to destigmatize mental health care and provide meaningful assistance to individuals worldwide.

By: K. Tagura

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Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.