Nick Pridachin Blog

Tag: Venture Capital

  • Fractal Analytics Raises $170 Million at a $2.44 Billion Valuation

    Fractal is a leading AI solutions provider that helps Fortune 500 companies enhance decision-making in industries like healthcare, retail, and insurance. Its AI platforms—including Asper.ai (revenue growth), Flyfish (generative AI product discovery), and Analytics Vidhya (data science community)—drive strategy, customer experience, and operational efficiency. With 5,000+ employees across 18 countries, Fractal blends deep industry expertise with advanced AI.

    Funding & Growth

    • Raised $170M in a secondary share sale, reaching a $2.44B valuation (investors include Apax Partners, White Oak Capital, and Gaja Capital).
    • Preparing for an IPO targeting $400M–$500M, aiming for a $3B valuation.
    • Became a unicorn in 2022.

    Founders & Vision

    Founded in 2000 by Ashwath Bhat, Pranay Agrawal, and Srikanth Velamakanni, Fractal is headquartered in New York. With this new funding, the company plans to expand globally and scale its AI solutions, helping enterprises harness the power of data-driven transformation.

  • DailyPay Secures $200 Million in Debt Financing

    DailyPay is a financial technology company that enables real-time access to earned wages, helping workers access pay when they need it most. The company’s platform supports employee financial wellness while improving workforce engagement, retention, and satisfaction.

    DailyPay has secured a $200 million asset-backed securitization facility. Barclays acted as lead bookrunner and structuring agent, with Citi and Morgan Stanley serving as joint bookrunners. This brings DailyPay’s total debt financing to nearly $1 billion and strengthens its ability to meet increasing demand for flexible pay options among large enterprise clients.

    DailyPay, headquartered in New York, was founded in 2015 by Jason Lee and Robert Law. With more than 80% of Fortune 200 companies leveraging its platform, the company has emerged as a category leader in on-demand pay. As employers seek modern solutions to support employee financial health, DailyPay’s technology is driving a fundamental shift in how and when workers get paid—bringing greater control, stability, and dignity to the workplace.

    Website Review:

    HomePage

  • Ramp Raises $200 Million at a $16 Billion Valuation

    Ramp is a fintech company that delivers a modern financial operations platform for businesses, combining corporate cards, automated expense tracking, bill payments, and seamless accounting integrations. Built to streamline and optimize spending, Ramp uses AI-driven automation to reduce manual work and identify savings in real time. By going beyond traditional finance tools, it offers greater visibility and control over company expenses. Trusted by thousands of organizations, Ramp helps teams make faster, smarter financial decisions.

    Ramp has raised $200 million in a Series E round, bringing its valuation to $16 billion. The round was led by Founders Fund and included participation from Thrive Capital, D1 Capital Partners, General Catalyst, GIC, ICONIQ Growth, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Stripes, 137 Ventures, Avenir Growth, and Definition Capital.

    Ramp, headquartered in New York, New York, United States, was founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh. In 2021, the company joined the unicorn club. Currently, Ramp serves over 40,000 businesses, including leading companies like CBRE, Shopify, Anduril, Notion, Cursor, Vercel, Barry’s, and MAGNA-TILES.

  • Statsig Raises $100 Million and Hits Unicorn Status at a $1.1 Billion Valuation

    Statsig is a cutting-edge data-driven product development platform that enables teams to produce better solutions more quickly. Statsig gives teams a comprehensive picture of product performance by automatically tracking the impact of each feature release, in contrast to conventional A/B testing tools. Teams may swiftly switch from underperforming features, double down on what works, and identify metric decreases in a matter of hours thanks to the robust product observability tools.

    At a $1.1 billion valuation, Statsig has secured $100 million in Series C funding. ICONIQ Growth led the round, and Sequoia and Madrona, two previous investors, also participated. Statsig intends to use this investment to increase the capabilities of its platform, hire additional staff, and enable more businesses of all kinds to realize the full benefits of data-driven product development.

    Vijaye Raji launched Statsig in 2021, with its headquarters located in Bellevue, Washington, in the United States. The business works in a variety of industries, including as artificial intelligence, gaming, business-to-business software, e-commerce, finance, and government. “In the past, product development was an art form, with innovative engineers and managers using their gut feelings to direct modifications. Today, that just isn’t enough,” stated Vijaye Raji, Statsig’s founder and CEO. By offering a comprehensive platform for data-driven decision-making, we are intensifying our efforts to support every product team in embracing the art and science of creating outstanding products.

  • Cast AI Raises $108 Million at Around $850 Million Valuation

    A business called Cast AI is creating automation solutions to streamline and optimize cloud workloads for demanding jobs like artificial intelligence. Cast AI uses cutting-edge machine learning to automatically analyze and improve Kubernetes clusters in real-time, in contrast to traditional solutions that merely monitor clusters and offer recommendations. As a result, cloud expenses are greatly reduced, performance and security are improved, and DevOps and engineering teams are more productive.

    Cast AI is now valued at over $850 million after raising $108 million in a Series C financing sponsored by G2 Venture Partners and SoftBank’s Vision Fund 2.

    Augustinas Stirbis, Austeja Zymantaite, Einaras von Gravrock, Laurent Gil, Leon Kuperman, Vilius Zukauskas, and Yuri Frayman launched Cast AI in 2019, with its headquarters located in North Miami Beach, Florida, in the United States.

    The business uses well-known cloud platforms including AWS, Google Cloud, and Microsoft Azure to serve clients in a variety of industries throughout the world. According to Yuri Frayman, the CEO and co-founder of Cast, “it’s all about GPU, compute, and electricity.” Our goal is to increase efficiency so that we can support greater workloads on different GPUs. That is the focus of our work.

  • Veza Raises $108 Million at an $808 Million Valuation

    Veza is a platform for data security created to assist users in sharing and accessing their data in a secure manner. It makes it easier to comprehend, manage, and regulate who is authorized to perform particular actions on different data assets. Veza offers a single view of access rights by arranging authorization metadata across cloud platforms, apps, data systems, and identity providers. Its platform tackles the intricate data security issues that contemporary businesses encounter.

    Veza is valued at $808 million after raising $108 million in a Series D fundraising round. New Enterprise Associates (NEA) led the new round, which included existing investors Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments, as well as new investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures.

    Maohua Lu, Rob Whitcher, and Tarun Thakur formed Veza in 2020, with its headquarters located in Palo Alto, California, in the United States. According to Tarun Thakur, co-founder and CEO of Veza, “identity used to be an IT function, but it has now become the leading battleground of cybersecurity, with almost every breach linked to credential abuse.”

    Beyond typical directory services, which solely concentrate on users and groups, identity must change. Assembling all access permissions, authorization data, and activity into a single data model is the foundation of Veza’s industry-first strategy, which empowers users to make quick, wise decisions that lower risk and uphold least privilege. Veza has become the leader in identity security in a field full of startups and well-known competitors. Our most recent investment serves as a warning to the sector: Veza is at the forefront of identity-based security.

  • Neuralink Targets $500 Million Raise at an $8.5 Billion Valuation

    High-bandwidth brain-machine interfaces that allow direct communication between the brain and external devices are being developed by the neurotechnology business Neuralink.

    Its goal is to use cutting-edge engineering and neurology to help people who are paralyzed regain their mobility, independence, and sense of connection. Using solely brain impulses, users may operate computers, smartphones, and other digital platforms with Neuralink’s products.

    The company wants to change how people use technology and increase human capabilities.


    At a pre-money valuation of $8.5 billion, Neuralink intends to raise roughly $500 million. To support its next stage of expansion and development, the business has begun first talks with possible investors.

    Dongjin Seo, Elon Musk, Lisa Li, and Max Hodak launched Neuralink in 2016, with its headquarters located in Fremont, California, USA. With an emphasis on creating brain-machine interfaces to assist those who are paralyzed and enhancing human-computer interaction capabilities, the company primarily works in the medical, research, and emerging neurotechnology sectors.

  • Mainspring Raises $258 Million in Funding

    For on-site power generation, Mainspring Energy designs and produces linear generators that effectively transform fuel into energy. Its cutting-edge technology is intended to provide flexible, dependable, and sustainable energy for a range of commercial and industrial uses. Mainspring promotes the global shift to lower-carbon power solutions with a particular emphasis on sustainability. By developing scalable solutions that lower emissions and boost efficiency, the business hopes to revolutionize distributed energy generation.

    In a Series F funding round, Mainspring Energy has raised $258 million. Amazon’s Climate Pledge Fund, DCVC, Temasek, Marunouchi Innovation Partners, M&G Investments, Pictet Group, and previous investors Lightrock and LGT Bank, Khosla Ventures, and Gates Frontier were among those that participated in the latest round, which was led by General Catalyst.


    Adam Simpson, Matt Svrcek, and Shannon Miller launched Mainspring Energy in 2010, with its headquarters located in Menlo Park, California, in the United States. The company provides clean, on-site power generation solutions to the commercial, industrial, and utility sectors, mostly in the United States.

  • Electra.aero Raises $115 Million in Funding

    An aerospace startup called Electra.aero is transforming regional air mobility by developing hybrid-electric aircraft. Its cutting-edge design makes flights quieter, more effective, and emitting less emissions by fusing sustainable aviation technology with electric propulsion.

    Because Electra’s aircraft are designed for short takeoffs and landings, they are perfect for underserved areas and minor airports. The future of short-haul air travel is being shaped by Electra, which prioritizes performance, accessibility, and environmental impact.

    A Series B fundraising round has secured $115 million for Electra.aero. Jay Park, a co-founder and managing partner at Prysm Capital, led the new round and has joined the board of directors of Electra. In addition to Statkraft Ventures, the Virginia Innovation Partnership Corporation (VIPC), and other private investors, strategic investors include Lockheed Martin Ventures, Honeywell, and Safran.

    Electra Board Chair John Langford stated, “We are thrilled to welcome Jay and Prysm to the Electra family.” “With the EL9, they have already established themselves as a vital advisor and partner as we move from prototype to product.”

    Electra.aero was established in 2019 by John Langford and is based in Washington, District of Columbia, USA. Marc Allen, CEO of Electra, stated, “Our goal at Electra is to usher in a new era of aviation, a breakthrough in advanced air mobility that is both revolutionary and useful.” Opportunities to create new commercial routes, link underserved regions, and provide warfighters with whole new logistics capabilities are all made possible by the EL9 Ultra Short. We are eager to collaborate with our Prysm partners to further this aircraft’s development and set a new standard for aviation.

  • Altruist Raises $152 Million at a $1.9 Billion Valuation

    The goal of Altruist, a cutting-edge custodial platform designed for Registered Investment Advisors, is to increase the accessibility, affordability, and effectiveness of independent financial advice.

    Advisors may reduce prices without sacrificing service quality thanks to its software, which helps them optimize their operations.

    Clients have more financial confidence, higher returns, and lower expenses as a result. Altruist is improving the financial management experience for millions of consumers by assisting thousands of financial professionals.

    In a Series F investment round, Altruist raised $152 million, valuing the business at about $1.9 billion. With participation from Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth, GIC led the fresh round.


    Jason Wenk started Altruist in 2018, with its headquarters located in Culver City, California, in the United States. With a cutting-edge custodial platform that simplifies portfolio management and enhances client results, the company primarily serves over 4,200 independent Registered Investment Advisors in the United States.