Morning VC Brief丨2024.11.06

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

00. TL;DR

1/ Embodied AI Foundation Model Physical Intelligence raises $400M Venture Round at $2B

2/ B2B Payment Platform for SMBs Melio raises $150M Series E at $2B

3/ Building Decarbonization Startup LuxWall raises $51M Series B

4/ Crypto Finance Platform Ellipsis Labs raises $21M Venture Round

5/ Observability Platform Dash0 raises $9.5M Seed Round

6/ Clinical Trial Automation Startup Research Grid raises $6.48M Seed Round

01. Venture News

1/ Embodied AI Foundation Model Physical Intelligence raises $400M Venture Round at $2B

Physical Intelligence is developing brains for a wide array of robots. This round was led by Thrive Capital and Lux Capitals with participation from Bond, Jeff Bezos, OpenAI, Redpoint Ventures, and more. Link

2/ B2B Payment Platform for SMBs Melio raises $150M Series E at $2B

Melio is a leading accounts payable and receivable platform for small and medium businesses. This round was led by Fiserv with participation from Shopify Ventures, Capital One Ventures, and more. Link

3/ Building Decarbonization Startup LuxWall raises $51M Series B

LuxWall is a leader in glass-based transparent insulation solutions to reduce energy consumption and carbon emissions from buildings. This round was led by Climate Investment and Barclays Sustainable Impact Capital with participation from Breakthrough Energy Ventures, Prelude Ventures, and more. Link

4/ Crypto Finance Platform Ellipsis Labs raises $21M Venture Round

Ellipsis Labs builds applications and infrastructure to create a sustainable foundation for finance. This round was led by Haun Ventures with participation from Paradigm, Electric Capital, and more. Link

5/ Observability Platform Dash0 raises $9.5M Seed Round

Dash0 is the first observability tool built from the ground-up for OpenTelemetry, standardizing performance data to enable deeper insights. This round was led by Accel with participation from Dig Ventures, and more. Link

6/ Clinical Trial Automation Startup Research Grid raises $6.48M Seed Round

Research Grid is trying to make clinical trials more efficient by automating administrative and data management workflow. This round was led by Fuel Ventures with participation from Ada Ventures, Morgan Stanley Inclusive Ventures Lab, and more. Link