Morning VC Brief丨2025.10.17

Week42 Highlights丨Campfire, Viven, Reducto, Lila Science, Basis Theory, FleetWorks, WellTheory, Strawberry

Author

eric gu
October 17, 2025

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

Table of Contents

01. Venture News

1/ AI-powered ERP Platform Campfire raised $65M Series B

  • Product: AI-native ERP platform for modern finance teams, offering general ledger, revenue automation, close management, and financial reporting on one unified platform

  • Highlight: 10× revenue growth YTD; Customers include PostHog, Decagon, Replit migrating from legacy systems like SAP

  • Investors: Accel (Lead), Ribbit Capital (Co-lead), Foundation Capital, Y Combinator

  • Source

2/ AI Digital Twin Platform Viven raised $35M Seed

  • Product: AI-powered digital twin platform that creates personalized AI counterparts for employees, enabling them to answer questions and make decisions on behalf of absent team members by learning from their emails, meetings, documents and chat history

  • Highlight: Early customers include Genpact, RedCrackle, and Eightfold AI

  • Investor: Khosla Ventures (Lead), Foundation Capital, FPV Ventures

  • Source

3/ AI Document Intelligence Platform Reducto raised $75M Series B

  • Product: AI-powered document parsing and extraction platform that converts complex PDFs and unstructured files into LLM-ready data, featuring Parse API, split/extract endpoints, and industry-first unstructured document editing API for agentic applications

  • Highlight: Monthly processing volume increased 6x in 6 months since Series A; Processed over 1 billion pages; Customers include Harvey, Mercor, Rogo, a Fortune 10 company, and a Global Top 5 Hedge Fund

  • Investor: a16z (Lead), Benchmark, First Round Capital, Y Combinator, BoxGroup

  • Source

4/ Scientific Superintelligence Platform Lila Sciences raised $350M Series A

  • Product: AI-powered scientific superintelligence platform featuring AI Science Factories with autonomous instruments under AI control, providing scientific agents and autonomous science capabilities for life science, chemistry, and materials discovery

  • Highlights: Originated from Flagship Pioneering after two years in stealth

  • Investor: Braidwell (Co-lead), Collective Global (Co-lead), NVentures, Flagship Pioneering, General Catalyst

  • Source

5/ Agentic Commerce Platform Basis Theory raised $33M Series B

  • Product: Unified platform for agentic commerce providing merchants secure, real-time control over payment data through a single API layer, featuring agnostic payment vault, AI agent-initiated transactions, and PCI-compliant environment for autonomous purchasing

  • Highlight: Removes up to 90% of PCI compliance requirements; Positioned at the forefront of AI reshaping e-commerce with AI agents handling shopping and transactions

  • Investor: Costanoa Ventures (Lead), Stage 2 Capital, Moneta VC, Bessemer Venture Partners

  • Source

6/ AI Freight Matching Platform FleetWorks raised $17M

  • Product: Dual-sided AI agent platform featuring an "always-on dispatcher" for carriers to find freight, and an "always-on carrier rep" for brokers to find trucks

  • Highlight: Onboarded 10,000+ carriers and dozens of brokers including 15+ of top 100 U.S. brokers (Ally Logistics, Sage Freight, KCH Transportation, Uber Freight) in less than 6 months

  • Investor: First Round Capital (Lead), Y Combinator, Saga Ventures

  • Source

7/ Autoimmune Care Platform WellTheory raised $14M Series A

  • Product: Personalized autoimmune care platform offering whole-person treatment model with AI-powered tools (Care Hub and Care Scribe) to help care teams personalize support and improve health outcomes at scale, addressing autoimmune conditions as systemic issues rather than isolated diseases

  • Highlight: 10x membership growth in the past year; Partnered with Fortune Brands, Dayforce, and Sentara Health Plans

  • Investor: General Catalyst (Lead), 7wire Ventures, Ingeborg Investments, Accel

  • Source

8/ AI-Powered Agentic Browser Strawberry raised $6M Seed

  • Product: No-code agentic browser with built-in personalized AI companions that embeds AI directly into browsing to automate routine digital work including tab switching, data movement across tools, spreadsheet population, and message drafting, adapting to each user's context and workflows

  • Highlight: Early users built custom assistants for competitive intelligence and sales prospecting

  • Investor: General Catalyst (Lead), EQT Ventures (Co-lead)

  • Source