Illumex, a Tel Aviv, Israel-based generative semantic fabric platform designed to optimize structured enterprise data for generative AI (GenAI) applications, has secured $13 million in seed funding. Investors The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with additional support from ICI Fund, Jibe Ventures, Iron Nation …

Route, a Lehi, Utah-based post-purchase package tracking and protection solution, raised $40 million in a Series C funding round at a $1.4 billion valuation. Investors The round was led by Hanaco VC with participation from JAWS Ventures, Madrona Ventures, and Granger. Hanaco Ventures is a New York and Tel Aviv-based …

Formation Bio, a New York-based tech-driven and AI-native pharma company, raised $372 million in Series D financing. Investors The funding round was led by Andreessen Horowitz (a16z), with participation from Sanofi and existing investors such as Sequoia, Thrive Capital, Emerson Collective, and Lachy Groom. New investors, including SV Angel Growth …

Rainforest, an Atlanta, Georgia-based payment provider purpose-built for software platforms, raised $20 million in Series A funding, bringing its total funding to $31.75 million. Investors The round was led by Matrix Partners, with participation from investors including Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, and Ardent Venture …

Payabli, a Miami, Florida-based payments infrastructure for software companies, closed $20 million in Series A funding. Investors The round was led by QED Investors, with participation from existing investors TTV Capital, Fika Ventures, and Bling Capital. Founded in 2007, QED Investors is a venture capital firm based in Alexandria, Va. …

Connect Money, an Egypt-based banking-as-a-service fintech company focused on embedded finance services, closed an $8 million seed round. Investors The round was led by Disruptech Ventures and Algebra Ventures. Disruptech Ventures is a fintech venture capital firm based in Egypt, specializing in early-stage fintech and fintech-enabled startups. They aim to …

Datachamps, a Nashik, India-based AI startup specializing in transforming data into actionable insights through its workflow solutions, secured $500,000 in seed funding. Investors The round was led by Windrose Capital, with participation from other investors. Founded in 2013, Windrose Capital is a venture capital firm based in Pune, India. It …