Code Metal, a Boston, MA–based company specializing in verifiable code translation for mission-critical industries, has secured $125 million in Series B funding at a $1.25 billion valuation. Investors The round was led by Salesforce Ventures, with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, and …

Grotto AI, a New York–based AI platform focused on helping multifamily property leasing teams improve performance, has raised $10 million in Seed funding. Investors The round was led by ICONIQ Capital, with participation from Asymmetric Capital Partners, as well as advisors and angel investors David Dear, Caren Maio, and Avi …

Pepper, a New York–based AI-enabled end-to-end technology platform for independent food distributors, has raised $50 million in Series C funding. Investors The round was led by Lead Edge Capital, with participation from existing investors including ICONIQ Capital, Index Ventures, Greylock, Harmony Partners, and Interplay. Lead Edge Capital is a growth …

Aizy, a Breda, Netherlands–based AI-powered performance marketing platform, has secured €2 million in funding. Investors The round was led by founder Stefan Nuijten, with participation from existing investors Michiel Mol, Joost van der Klooster, and Gijs Nagel. Aizy Use of Funds The funding will be used to scale the platform …

Inscope, a San Francisco, California–based AI-powered financial reporting platform for accounting firms and enterprises, has raised $14.5 million in Series A funding, bringing its total funding to $18.8 million. Investors The round was led by Norwest Venture Partners, with participation from Storm Ventures, existing investors Better Tomorrow Ventures and Lightspeed …

Circuit, an Austin, Texas-based company building an AI platform for manufacturing and service organizations, has raised $30 million in funding. Investors The round included backing from individual investors and business leaders such as Jim Breyer, Charlie Amato, Lew Cirne, Niccolo De Masi, Tom Long, Gary Petersen, Gary Rieschel, and Craig …

Procede Software, a San Diego, California-based provider of dealer management systems (DMS) and solutions for the commercial vehicle industry, has secured strategic growth investment. Investors The investment was led by Rubicon Technology Partners, a middle-market private equity firm focused on enterprise software companies with innovative products and talented management teams. …