Morning VC Brief丨2025.04.17

Week16 Highlights丨Hammerspace, Crux, Assort Health, Doss, Loti, Capsule, Nexad, Finch, Riza

Author

eric gu
April 17, 2025

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

TL;DR

01. Venture News

1/ High-Performance AI Data Platform Hammerspace raised $100M Series B

  • Product: Provides a scalable data infrastructure solution to optimize AI workloads and address data performance bottlenecks

  • Highlight: Focuses on next-gen AI infrastructure with a focus on data orchestration and hybrid cloud capabilities

  • Investor: Altimeter Capital (Lead), ARK Invest(Lead)

  • Source

2/ Clean Economy Capital Marketplace Crux raised $50M Series B

  • Product: Centralizes tax credit transfers, debt markets, and AI-driven tools to streamline clean energy project financing

  • Highlight: 630+ network participants, facilitated $B+ in tax credit transfers, and launched a debt marketplace in the past year

  • Investor: Lowercarbon Capital(Lead), a16z, Ardent Venture Partners

  • Source

3/ Patient Call Management Agent Assort Health raised $26M Venture Round

  • Product: Automates patient phone interactions (appointment booking, care navigation) with voice AI, reducing wait times and improving accuracy

  • Highlight: Handles millions of calls annually; 4.6/5 patient satisfaction; 8x revenue growth since Q4 2024; cuts hold times from 11 minutes to 1 minute for clients

  • Investor: First Round Capital(Lead), Quiet Capital

  • Source

4/ ERP Disruptor Doss raised $18M Series A

  • Product: AI-powered DossARP platform replaces legacy ERP with adaptive business process modeling and hybrid database scaling to 100M+ records

  • Highlight: First E2E AI-configured ERP launching in 2025; used by consumer goods, construction and PE clients

  • Investor: Theory Ventures(Lead)

  • Source

5/ Deepfake Detection Startup Loti raised $16.2M Series A

  • Product: AI-powered platform detecting deepfakes and protecting digital likeness via facial/voice recognition. Serves celebrities, agencies, and consumers

  • Highlight: Partners with WME/CAA

  • Investor: Khosla Ventures(Lead), FUSE, Bling Capital

  • Source

6/ AI Video Editor Capsule raised $12M Series A

  • Product: AI-powered video editing platform for brands, offering real-time collaboration and AI co-producer tools to streamline storytelling (e.g., auto-suggest clips, titles, graphics)

  • Highlight: Used by HubSpot, Instacart, Ramp; new "AI co-producer" provides contextual suggestions

  • Investor: Index Ventures(Lead), Basis Set Ventures

  • Source

7/ AI App Advertising Platform Nexad raised $6M Seed

  • Product: Native ads solution for AI apps, combining audience targeting and AI-generated ads

  • Highlight: Integrated 7 AI apps (e.g., iAsk, Dippy AI), reaching 30M users

  • Investor: A16z Speedrun(Lead), Prosus Ventures(Lead), Point72 Ventures, Sequoia Capital

  • Source

  • Product: AI-powered pre-litigation platform combining elite paralegals and AI agents to handle administrative tasks like client intake and evidence collection

  • Highlight: Enabled 40% monthly growth for beta users like Hecht Law Firm, automated 50%+ of paralegal workflows

  • Investor: Sequoia Capital (Lead)

  • Source

9/ AI-Generated Code Execution Platform Riza raised $2.7M Seed

  • Product: Secure, isolated runtime environment to execute untrusted code (human/LLM-generated) in cloud or on-premises, enabling "just-in-time programming" for AI agents

  • Highlight: Processed 3B+ code executions (850M in March 2024)

  • Investor: Matrix Partners(Lead)

  • Source