Illustration: Lindsey Bailey/Axios
Venture Capital
• Model ML, an automation platform for financial services, raised $75m in Series A funding. FT Partners led, joined by YC, QED, 13Books, Latitude, and LocalGlobe. Go deeper
💊 Quarry Thera, a New Haven, Conn.-based cancer and immunology biotech, raised a $32m Series A from Yosemite, Canaan Partners, F-Prime Capital, and Lilly Ventures. Go deeper
• Momentic, an SF-based AI testing startup, raised $15m in Series A funding. Standard Capital led, joined by Dropbox Ventures, YC, FCVC, Transpose Platform, and Karman Ventures. Go deeper
💊 MindImmune Therapeutics, a biotech focused on neurodegenerative disease, raised a $10.2m Series A extension. Dolby Family Ventures led, joined by Pfizer Ventures, Gates Frontier, Slater Technology Fund, RightHill Ventures, and Foundation for a Better World. Go deeper
💊 Cassidy Bio, an Israeli gene editing company, raised a $8m seed. Ahren Innovation Capital led, joined by Lool Ventures and 10D VC. Go deeper
🚑 Cordance Medical, a Mountain View, Calif.-based maker of brain ultrasound technology, raised $8m in seed funding. Sonder Capital led, joined by Shanda Grab Ventures, Angel Physician's Fund, SmartGateVC, and R42. Go deeper
⚡️ Maritime Fusion, an SF-based developer of nuclear fusion reactors on boats, raised $4.5m in seed funding. Trucks VC led, joined by Aera VC, Alumni Ventures, Paul Graham, and YC. Go deeper
• Interface, an SF-based industrial safety startup, raised $3.5m in seed funding from defy.vc, Precursor Ventures, and Rock Yard Ventures. Go deeper
Private Equity
• Flowing River Capital Partners acquired Marshall Land Systems, a Canadian maker of bomb disposal vehicles and deployed shelters. Go deeper
• McAfee, a PE-backed cybersecurity company, agreed to buy the consumer privacy business of MineOS, an Israeli data privacy company. Go deeper
M&A
🚑 Solventum (NYSE: SOLV) agreed to buy Acera Surgical, a St. Louis-based wound care company, for $725m in cash plus $125m in potential earnouts. Go deeper
It's Personnel
🌎 Anubhav Verma, former CFO of MicroVision, joined Einride as CFO. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, Dan Primack, and Brock E.W. Turner contributed to this report.
