– Fauna Bio is an Emeryville, California-based biotechnology company leveraging animal genomics to improve human health.
– The company raised $9m in Seed funding.
– The round was led by LifeForce Capital with participation from True Ventures, Boom Capital, Pacific 8 Ventures, BioMed Ventures, Vibe Capital and Arcadia Science.
– The new investment will be used to expand its drug discovery platform Convergence while accelerating the discovery of new therapeutic targets for human diseases across a broad range of indications.

– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.

- Kewazo is a Munich, Germany-based construction technology company. - Company raised $5M in Series A funding. - The round was led by True Ventures with participation from MIG AG. - The new investment will be aimed at expanding operations and business reach.

- Kewazo is a Munich, Germany-based construction technology company. - Company raised $5M in Series A funding. - The round was led by True Ventures with participation from MIG AG. - The new investment will be aimed at expanding operations and business reach.

– Neosec, a cybersecurity platform designed to secure APIs, emerged from stealth with $20.7 million in series A funding from True Ventures, New Era Capital Partners, TLV, SixThirty, and several angel investors.
– According to CEO Giora Engel, the proceeds will be put toward product development and growing Neosec’s business in the U.S., Europe, the Middle East, and Asia.
– Researchers are sounding the alarm on threats to enterprise security arising from insecure APIs. Last November, Forrester warned that organizations that fail to address API vulnerabilities could face significant data breaches. And in March, Salt Security released a report on API security that showed that that 91% of organizations suffered an API-related problem last year, with more than half (54%) reporting finding exploits in their service APIs.

– NoRedInk, whose highly engaging digital writing curriculum is used in over 60% of US school districts, has raised a $50m Series B round.
– The round was led by Susquehanna Growth Equity and with participation from True Ventures.
– Schools are increasingly turning to digital tools to help them address their biggest challenges, and nowhere is the need for support more glaring than in students’ writing.
– NoRedInk chose Susquehanna as a partner because of its philosophy of patient capital and its excellent track record supporting founder-led businesses.
– NoRedInk is already profitable and will use the additional funding to improve its product and bring it to more schools.

– Baffle, Inc. announced that it has raised $20m in Series B funding led by new investor Celesta Capital, with contributions from National Grid Partners, Lytical Ventures and Nepenthe Capital, and follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital and Triphammer Ventures.
– Baffle’s no-code, simple-to-deploy security mesh takes a data-centric approach at cloud scale without a performance impact or changes to applications. Baffle is the only data-centric security solution that universally protects data as it’s created, stored and processed, from any source to any destination, on premises or in the cloud, no matter where it lives.

– Modern Animal is a veterinary company based in Los Angeles.
– The company raised $75.5m in funding.
– Over the past year, the company raised: a $35.5M Series A led by True Ventures and Addition and a $40M Series B led by Founders Fund.
– All three firms plus existing investor, Upfront Ventures, participated in both rounds.
– The capital will be used for rapid expansion, as well as continued development of the company’s platform.

– InterVenn Biosciences announced the completion of a $201m Series C financing.
– The funding round was led by new investors SoftBank Group, Heritage Provider Network, Irving Investors, Highside Capital Management, and backed by existing investors Amplify Partners, Anzu Partners, Genoa Ventures and True Ventures.
– The proceeds from the financing will be used to accelerate development and commercialization of Dawn, the company’s liquid biopsy assay for immune checkpoint inhibitor response prediction, and to expand the network of partners on the company’s AI-driven glycoproteomics platform.
– To date, the InterVenn glycoproteomics platform has been used to develop 16 clinical use cases across oncology and other indications. Dawn is currently under development and is planned to be commercialized in 2022.

– Deep Genomics announced the closing of a $180m Series C financing round.
– The round was led by SoftBank Vision Fund 2 and includes participation from new investors, Canadian Pension Plan Investment Board, Fidelity Management & Research Company, Alexandria Venture Investments, and existing investors Amplitude Ventures, Khosla Ventures, Magnetic Ventures, and True Ventures.
– Deep Genomics uses AI and machine learning to program and prioritize transformational RNA therapeutics for genetic diseases.
– The company has leveraged its strategic geographical advantage by combining its teams in Toronto, the birthplace of deep learning and the fastest growing technology hub in North America, with the Boston-Cambridge biotechnology hub, by hiring Jeffrey Brown, PhD, as VP of Preclinical Research, Ferdinand Massari, MD, as Chief Medical Officer, and Amanda Kay, PhD, as Chief Business Officer.

– Rise Gardens, an indoor, smart hydroponic company, raised $9m in Series A funding.
– The round was led by TELUS Ventures and joined by True Ventures, Amazon Alexa Fund, and Listen Ventures.
– The company has a total of $13m in venture-backed investments since Rise was founded in 2017.

– Moderne, a Seattle-based software company, raised $4.7m in funding.
– The round was led by True Ventures and joined by Mango Capital, Overtime.vc, Github CTO Jason Warner, Datadog co-founder and CEO Olivier Pomel, and Coverity co-founder and former CTO Andy Chou.
– The company plans to use the funding to bring its software to market and grow its team.

– Enveda Biosciences announced an oversubscribed $51M Series A funding round.
– The financing was led by Lux Capital with participation from Two Sigma Ventures, Hummingbird VC, Catalio Capital, Lifeforce Capital, and Matthew De Silva of Notable Labs along with existing investors True Ventures, Wireframe Ventures, Village Global, and Chris Gibson of Recursion.
– Nature is the greatest source of therapeutics we know, yet 95 percent of the natural world is a chemical mystery. Enveda is systematically exploring this unknown space to unlock its potential for new medicines with the first high-resolution chemical map of the natural world.
– This new investment will further power Enveda’s data-driven approach to screening, validating, and developing high-potential natural compounds into first-in-class clinical candidates.

– Seurat Technologies announced it has closed a $41m Series B round of funding led by Capricorn’s Technology Impact Fund.
– The funds will be used to further accelerate the development and commercialization of Seurat’s pioneering metal additive manufacturing technology, Area Printing™.
– Seurat previously raised $13.5m in Series A financing led by True Ventures in January 2018.
– Seurat’s Area Printing technology is a groundbreaking metal additive manufacturing process with enormous potential for infinite scalability.
– Seurat’s Area Printing process is differentiated from existing technology in that it focuses over two million points of laser light on a bed of metal powder—each point fully controllable in power and duration—to create production grade, fully functional components.

– Scythe Robotics from Boulder, Colorado develops advanced, commercial-grade autonomous robotic solutions for the landscaping industry.
– The company raised $13.8M in Series A funding.
– The round was led by Inspired Capital with participation from existing investors True Ventures, Zigg Capital, and Lemnos.
– The new investment will be used to expand with new customers, grow its existing operations in Texas, Florida and Colorado, and accelerate development of further products.

– Scythe Robotics, a landscaping robotics company, raised $13.8m in Series A funding.
– The round was led by Inspired Capital and featured True Ventures, Zigg Capital and Lemnos.
– It brings the Boulder, Colorado-based landscaping robotics company’s total funding up to $18.6m, including a $4m seed, also led by True Ventures.
– The startup’s first product is an autonomous mower, offered to customers through a Robot-as-a-Service (RaaS) model.
– The method is becoming increasingly popular in the enterprise and industrial space, essentially offering clients robotics through a rental model that includes regular updates and maintenance.
– The mower features eight HDR cameras and a variety of sensors designed to help avoid people, animals and various obstacles it might encounter on the job.

– Framework, a NYC-based platform designed to help health and wellness businesses create branded virtual wellness programs, emerged from stealth with $3m in seed funding.
– The round was led by True Ventures with participation from Uprising, Clay Point Investors, and LookingGlass.
– The company intends to use the funds expand operations, its development efforts, business reach, supporting health and wellness experts in scaling their impact.

– Iterative is a San Francisco, CA-based MLOps company dedicated to streamlining the workflow of data scientists and Machine Learning (ML) engineers.
– The company raised $20m in Series A funding round.
– The round was led by 468 Capital and Florian Leibert, ex-founder of Mesosphere, an infrastructure start-up based on the open-source software Apache Mesos, with participation from prior investors True Ventures and Afore Capital.
– The new investment will be used for development and growth.

– Chia Network Inc., a company built around a new energy efficient decentralized blockchain and smart transaction platform founded by Bram Cohen, has secured a $61m Series D Preferred equity investment led by Richmond Global Ventures and Andreessen Horowitz, with participation from True Ventures, Slow Ventures, Cygni Capital, Breyer Capital, Naval Ravikant, Collab+Currency and DHVC.
– David Frazee from Richmond Global Ventures will join Chia’s board.
– The proceeds from the financing will accelerate Chia Network’s mission to operate a more energy-efficient, secure and user-friendly payment system for governments, financial institutions, corporations and consumers worldwide.

– Gridware, a startup that provides energy storage and solar power solutions, raised $5.3m in seed funding.
– The round was led by Priscilla Tyler of True Ventures and Seth Bannon and Shuo Yang of Fifty Years.
– The company plans to double down on its team.

– Somewhere Good, a mobile app that connects people and then fosters that connection in a solely group setting, raised $3.75m in a seed round led by True Ventures.
– The round was joined by existing investors Dream Machine, Debut Capital and Canvas Ventures, and new investors, including Slauson & Co., NextView Ventures and 2PM Inc.
– Notable angels include Ellen Pao of Project Include and actor Gabrielle Union.
– The money will be used for continued product innovation and expanding its nine-person team.

– Upsie is a St. Paul, Minn.-based consumer-centric platform for purchasing product warranties.
– Company raised $18.2m in Series A funding.
– The round was led by True Ventures with participation from Concrete Rose VC, Avanta Ventures, Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank, Bread & Butter Ventures, Ordinary Ventures, Diverse Angels, Imagination Capital, Uncommon VC, Marc Belton, Daren Cotter (Founder and CEO of InboxDollars), George Azih (Founder and CEO of LeaseQuery), Richard Parsons, Anton Vincent, Sri Pangulur, Damon DiVito, Jon and Lottie Rezneck, etc.
– The company will use the funds to hire, increase customer awareness and continue building its warranty product offerings and verticals.

– Window Snyder, a security veteran, founded Thistle Technologies, a startup that helps IoT manufacturers reliably and securely deliver software updates to their devices.
– The startup is backed with $2.5m in seed funding from True Ventures.
– Thistle lands on the security scene at a time when IoT needs it most.

– Riva Health, a mobile cardiology app, today announced $15.5M in funding led by Menlo Ventures.
– UCHealth and University of Colorado Innovation Fund also participated in the round, as well as leading Chicago healthcare investors, Brandon Cruz of GoHealth and Larry Gies of Madison Industries.
– This investment follows on the heels of a previous round led last year by Menlo Ventures, alongside True Ventures.
– Riva is led by CEO Dag Kittlaus, former co-founder of both Siri and Viv, and Tuhin Sinha, PhD and co-founder of one of the largest cardiovascular research studies in the world, Health eHeart.
– Dr. Rich Zane from UCHealth will join Greg Yap from Menlo Ventures on Riva’s board of directors.

– Hi Marley, creators of the only intelligent communication platform built for the insurance industry by people who know insurance, today announced the company has closed a $25m Series B financing round.
– The investment was led by Emergence Capital, with Founder and General Partner Gordon Ritter taking a seat on Hi Marley’s Board.
– Returning firms Underscore, True Ventures, Bain Capital Ventures and Greenspring also participated in the round, along with additional investors including Brewer Lane Ventures.
– Hi Marley makes it simple for insurance carriers to seamlessly communicate with policyholders via text to increase transparency and cut through inefficiencies.
– By providing a smart SMS platform purpose-built for the insurance industry, inside of which the entire ecosystem of service providers can communicate, carriers delight customers, achieve faster time to resolution, and see financial results.

– Wefarm, a social networking platform aimed at independent farmers to help them meet each other, exchange ideas and get advice, and sell or trade equipment and supplies, has raised $11m funding.
– The funding is an extension to the company’s 2019 Series A, and is being led by Octopus Ventures.
– True Ventures (which led the 2019 round), Rabo Frontier Ventures, LocalGlobe, June Fund and AgFunder also participated.
– Wefarm has raised $32m since being founded in 2015.
– To date, London-based Wefarm has primarily found traction in countries in East Africa.
– Its service is available via a website, but most of its users are accessing without any internet use at all, via the company’s SMS interface.