Morning VC Brief丨2025.05.06

Week16 Highlights丨Persona, Rogo, Plenful, Doppel, Nuvo, dub, EdgeRunner

Author

eric gu
May 06, 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/ Identity Verification Platform Persona raised $200M Series D

  • Product: Manages digital identity verification for businesses across industries (e.g., LinkedIn, Block, OpenAI), addressing evolving challenges like AI-driven fraud and regulatory compliance

  • Highlight: Processed 300M+ verifications in 2024; doubled revenue and customers YoY

  • Investor: Founders Fund(Lead), Ribbit Capital(Lead), BOND, Coatue

  • Source

2/ AI Financial Analyst Platform Rogo raised $50M Series B

  • Product: Develops specialized large language models to build Wall Street's first true AI analyst capable of complex financial reasoning

  • Highlight: Customized deployments for top financial institutions like Nomura, Lazard, and Citadel; Clients report 10x faster analysis and precision in market opportunity identification

  • Investor: Thrive Capital(Lead), J.P. Morgan, Tiger Global

  • Source

3/ Healthcare Workflow Automation Platform Plenful raised $50M Series B

  • Product: AI-powered platform automating healthcare administrative workflows (prior authorizations, compliance audits, data entry)

  • Highlight: Serves 60+ healthcare clients (e.g., MUSC, Cencora), enabling 4x faster prior authorization processing and 100% audit coverage for 340B compliance (vs. <5% previously)

  • Investor: Mitchell Rales(Lead), Notable Capital, Bessemer Venture Partners

  • Source

4/ Social Engineering Defense Platform Doppel raised $35M Series B

  • Product: Neutralizes social engineering threats targeting executives, employees, and third parties by mapping and dismantling attacker infrastructure

  • Highlight: 400% enterprise customer growth since Series A (2024), 230% CAGR since 2022; partnered with OpenAI to develop the first autonomous AI agent for threat detection/neutralization, doubling operational efficiency

  • Investor: Bessemer Venture Partners(Lead), Sozo Ventures

  • Source

5/ B2B Trade Infrastructure Nuvo raised $45M Series A

  • Product: A network platform enabling businesses to exchange verified profiles, trust signals (creditworthiness, trade history), and streamline partnership activation

  • Highlight: 50,000+ businesses using Nuvo across industries like building materials, food & beverage, and logistics

  • Investor: Sequoia Capital(Lead), Spark Capital(Lead), Index Ventures

  • Source

6/ Copy-Trading Platform dub raised $30M Series A

  • Product: Enables everyday investors to automatically copy trades of expert investors, democratizing access to wealth creation

  • Highlight: Shifts investing from stock-picking to "people-picking"; backed by high-profile investors (Uber, Airbnb, Robinhood founders)

  • Investor: Notable Capital(Lead), Neo(Lead), Correlation Ventures

  • Source

7/ Military-Focused On-Device AI EdgeRunner raised $12M Series A

  • Product: Develops air-gapped, on-device AI agents for military and enterprise applications, enabling secure, offline decision-making

  • Highlight: Prioritizes secure, domain-specific AI for warfighters without cloud dependency

  • Investor: Madrona Ventures (Lead), Four Rivers Ventures

  • Source