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Confido – $55M Series B

AI Enterprise

Confido, an AI platform that unifies finance, accounting, sales, and operations for consumer packaged goods brands, has raised $55M in Series B funding. The round was led by Insight Partners with participation from Trenches Capital, Watchfire Ventures, Barrel Ventures, Footwork, and Y Combinator. Founded by Justin Hunter and Kara Holinski in 2022, Confido has now raised a total of $77M in reported equity funding.

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HIFI – $37M Series A

FinTech

HIFI, a financial infrastructure platform that enables businesses to move money across stablecoins and bank rails through a single integration, has raised $37M in Series A funding. The round was led by Left Lane Capital. Founded by Zach Walsh and Mohamed Afifi in 2022, HIFI has now raised a total of $47M in reported equity funding.

AlleyWatch broke the news on this round exclusively. Read more →

Chamelio – $26M Series A

LegalTech AI

Chamelio, an AI-native legal platform that automates contract drafting, negotiation, and workflows for in-house legal teams, has raised $26M in Series A funding. The round was led by Entree Capital with participation from Work-Bench, Emerge Ventures, and Bright Pixel Capital. Founded by Alex Zilberman, Gal Lellouche, and Gil Banyas in 2024, Chamelio has now raised a total of $39.5M in reported equity funding.

AlleyWatch broke the news on this round exclusively. Read more →

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Baselayer – $35.0M

San Francisco-based Baselayer provides business identity, credit, fraud, and risk intelligence solutions for financial institutions, marketplaces, and lenders. Founded by Jonathan Awad, Timothy Hyde, and William Slessman in 2024, Baselayer has now raised a total of $82M in total equity funding and is backed by Afore Capital, M13, Matthew Thompson, Picus Capital, and Torch Capital.

BigHat Biosciences – $75.0M

San Mateo-based BigHat Biosciences develops antibody and protein therapeutics using machine learning, synthetic biology, and automated experimentation. Founded by Mark DePristo, Peyton Greenside, and Theresa Tribble in 2019, BigHat Biosciences has now raised a total of $174.3M in total equity funding and is backed by 8VC, Alexandria Venture Investments, Amgen Ventures, Andreessen Horowitz, Catalio Capital Management, DFJ Growth, Discovery Ventures, Eli Lilly, GRIDS Capital, Intermountain Ventures, LG Technology Ventures, Merck Global Health Innovation Fund, Premji Invest, Quadrille Capital, S32, and Sigmas Group.

Chamelio – $26.0M

New York-based Chamelio is the modern and intuitive way to negotiate, collaborate, monitor, and streamline your legal workflows. Founded by Alex Zilberman, Gal Lellouche, and Gil Banyas in 2024, Chamelio has now raised a total of $39.5M in total equity funding and is backed by Bright Pixel Capital, Emerge Ventures, Entrée Capital, and Work-Bench.
AlleyWatch’s exclusive coverage of this round: Chamelio Raises $26M to Help Overstretched Legal Teams Move Beyond Legacy Contract Software

Confido – $55.0M

New York-based Confido provides an AI-enabled business platform for consumer packaged goods brands, bringing operations workflows into one system. Founded by Justin Hunter and Kara Holinski in 2022, Confido has now raised a total of $75M in total equity funding and is backed by Barrel Ventures, Footwork, Insight Partners, Trenches Capital, Watchfire Ventures, and Y Combinator.
AlleyWatch’s exclusive coverage of this round: Confido Raises $55M to Scale Its AI Infrastructure Across the CPG Commercial Cycle

Cyera – $400.0M

New York-based Cyera is an AI-native data security platform that helps enterprises discover, classify, govern, and protect sensitive data. Founded by Haffiz Bachok, Tamar Bar-Ilan, Yonatan Itai, and Yotam Segev in 2021, Cyera has now raised a total of $2.7B in total equity funding and is backed by Evolution Equity Partners and Goldman Sachs Growth Equity.

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Dextr AI – $6.7M

San Francisco-based Dextr AI provides AI workforce and automation solutions for hospitality businesses, supporting various property management companies. Founded by Sajid Shariff and Scott Arnold in 2025, Dextr AI has now raised a total of $6.7M in total equity funding and is backed by Elevation Capital and Foundation Capital.

Ema – $77.0M

Mountain View-based Ema is an artificial intelligence software company that develops AI agents for automating enterprise workflows. Founded by Souvik Sen and Surojit Chatterjee in 2023, Ema has now raised a total of $138M in total equity funding and is backed by Accel, Creaegis, Prosus Ventures, and S32.

Enveda – $311.0M

Boulder-based Enveda discovers medicines by studying the chemistry of nature and translating natural compounds into potential therapeutic candidates. Founded by Viswa Colluru in 2019, Enveda has now raised a total of $827.9M in total equity funding and is backed by Alderline Group, Baillie Gifford, Catalio Capital Management, Digitalis Ventures, Dimension Capital, Durable Capital Partners, FPV Ventures, ICONIQ Capital, Kinnevik, Lifeforce Capital, Lightspeed Venture Partners, Lux Capital, Premji Invest, Surveyor Capital, T. Rowe Price, and True Ventures.

Firecrawl – $75.0M

San Francisco-based Firecrawl provides web data infrastructure that enables AI systems and developers to search, scrape, map, and interact with web pages. Founded by Caleb Peffer, Eric Ciarla, and Nicolas Camara in 2022, Firecrawl has now raised a total of $89.5M in total equity funding and is backed by Altos Ventures, Freestyle Capital, Nexus Venture Partners, Offline Ventures, Smash Capital, and Y Combinator.

HIFI – $37.0M

New York-based HIFI is a financial technology company that provides infrastructure for moving money across stablecoins and traditional bank payment rails. Founded by Mohamed Afifi and Zach Walsh in 2022, HIFI has now raised a total of $45.2M in total equity funding and is backed by Left Lane Capital.
AlleyWatch’s exclusive coverage of this round: HIFI Raises $37M to Connect Regulated Banking Directly to Stablecoins

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Hydrosat – $10.0M

Washington-based Hydrosat leverages thermal satellite intelligence and AI to address critical global challenges in food, security, and natural resources. Founded by Jakob Van Zyl, Pieter Fossel, Royce Dalby, and Yunjin Kim in 2017, Hydrosat has now raised a total of $95.5M in total equity funding and is backed by Suma Capital.

Island – $400.0M

Dallas-based Island is a cybersecurity company that develops an enterprise browser for securing and managing digital work environments. Founded by Dan Amiga and Michael Fey in 2020, Island has now raised a total of $1.2B in total equity funding and is backed by Alta Park Capital, Coatue, Cyberstarts, Dmitri Alperovitch, Evolution Equity Partners, Georgian, G Squared, Insight Partners, J.P. Morgan Growth Equity Partners, Prysm Capital, Sequoia Capital, and Squarepoint Capital.

Mesa Quantum – $11.8M

Boulder-based Mesa Quantum is a quantum sensor manufacturing company that provides volume manufacturing of integrable chip-scale technology solutions. Founded by Sristy Agrawal and Wale Lawal in 2023, Mesa Quantum has now raised a total of $26.7M in total equity funding and is backed by Playground Global.

micro1 – $100.0M

Palo Alto-based micro1 offers an AI platform that converts human expertise into structured datasets and recruitment processes for companies. Founded by Ali Ansari in 2022, micro1 has now raised a total of $141.6M in total equity funding and is backed by Axis-Dageom AI Infrastructure New Technology, Cosmic Venture Partners, and Flybridge.

Mojave Energy Systems – $19.0M

Sunnyvale-based Mojave Energy Systems produces novel liquid desiccant systems for HVAC. Founded by Philip Farese in 2022, Mojave Energy Systems has now raised a total of $41M in total equity funding and is backed by At One Ventures, Cleo Capital, Fairtree Elevant Ventures, Fifth Wall, MetaRail, Myriad Venture Partners, River Bay Investments, and Starshot Capital.

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Numeral – $100.0M

San Francisco-based Numeral is a tax compliance software company that helps businesses manage sales tax, VAT, and GST obligations. Founded by Jake Moffatt, Matt DuVall, and Sam Ross in 2022, Numeral has now raised a total of $157.5M in total equity funding and is backed by Benchmark, FundersClub, Geodesic Capital, Insight Partners, Mayfield Fund, Salesforce Ventures, Uncork Capital, and Y Combinator.

Precision Neuroscience – $250.0M

New York-based Precision Neuroscience develops brain-computer interfaces for people with paralysis. Founded by Benjamin Rapoport, Demetrios Papageorgiou, Mark Hettick, and Michael Mager in 2021, Precision Neuroscience has now raised a total of $405M in total equity funding and is backed by Ackman Oxman Institute, ARK Investment Management, B Capital, Duquesne Family Office, Hitachi Ventures, Invus, JSL Health Capital, Korea Investment Partners, Mirae Asset Capital, Mubadala Capital, and Pershing Square Inc.

Rainmaker – $100.0M

El Segundo-based Rainmaker develops cloud-seeding technology designed to increase precipitation and support water-resource management. Founded by Augustus Doricko in 2023, Rainmaker has now raised a total of $131.3M in total equity funding and is backed by DCVC, Dream Ventures, Lowercarbon Capital, noa, and Upfront Ventures.

Snorkel AI – $350.0M

San Francisco-based Snorkel AI develops specialized training data, evaluation systems, benchmarks, and environments for AI models and agents. Founded by Alexander Ratner, Braden Hancock, Chris Re, Henry Ehrenberg, Manas Joglekar, Paroma Varma, and Vincent Sunn Chen in 2019, Snorkel AI has now raised a total of $585.2M in total equity funding and is backed by Addition, Allegis Capital, Blumberg Capital, Factory, Frontline Ventures, Google Ventures, Greylock, Insight Partners, Lightspeed Venture Partners, March Capital, Prosperity7 Ventures, S32, Standard, Third Point Ventures, Walden Catalyst, and Wells Fargo.

Sol – $4.0M

Dover-based Sol is a company focused on building tools to power team collaboration and collective productivity. Founded by Anish Karan, Prateek Srivastava, and Ranjith Nair in 2025, Sol has now raised a total of $4M in total equity funding and is backed by DeVC, General Catalyst, Kunal Shah, Nexus Venture Partners, and peercheque.

Soteris – $8.0M

San Francisco-based Soteris is a machine learning services company that offers artificial intelligence-based pricing tools to the insurance business. Founded by Sunit Shah in 2018, Soteris has now raised a total of $8.2M in total equity funding and is backed by Amplify Partners, Clocktower Technology Ventures, DCVC, Intact Private Capital, Overlook Ventures, Spider Capital, and Webb Investment Network.

Spott – $21.0M

San Francisco-based Spott is developing the ATS and CRM of the future for staffing & recruitment firms. Founded by Lander Degreve, Manu Vanderveeren, and Samuel Smeys in 2024, Spott has now raised a total of $24.2M in total equity funding and is backed by Balderton Capital, Base10 Partners, Fortino Capital, and Y Combinator.

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AlleyWatch sat down with HIFI CEO and Cofounder Zach Walsh to learn more about the business, its future plans, recent funding round, and much, much more…

Who were your investors and how much did you raise?

HIFI raised a $37M Series A led by Left Lane Capital.

Tell us about the product or service that HIFI offers.
HIFI is stablecoin payments infrastructure that lets businesses move dollars on and off chain 24/7/365 through USD virtual accounts, instant RTP and push to card payouts, and direct stablecoin mint and redeem.

What inspired the start of HIFI?
HIFI was inspired by the opportunity to build a better financial system. Payments and financial products have been fragmented for their entire existence, and today we have the opportunity to build financial systems that break down these walls.

How is HIFI different?
HIFI connects regulated banking directly to stablecoins, allowing for the fastest and most cost effective money movement across ecosystem

What market does HIFI target and how big is it?
HIFI serves fintechs, payment companies, and platforms that move money globally, a market measured in trillions of dollars of annual cross-border payments.

What’s your business model?
HIFI earns fees on the money that moves through its platform.

How are you preparing for a potential economic slowdown?
HIFI makes payments cheaper and faster, which becomes of increasing importance to customers when budgets get tight.

What was the funding process like?
Our investors share our thesis that programmable money will fundamentally change payments and finance, which allowed us to focus conversations primarily on the necessary steps to bring that future forward.

What are the biggest challenges that you faced while raising capital?
We have our work cut out for us. This is still early in the first quarter, we have lots of competition out to take our lunch. Charting that path alongside our investors is how we turn this challenge into a strength.

What factors about your business led your investors to write the check?
Our growth and our team are two of the main drivers for investor conviction in our business.

What are the milestones you plan to achieve in the next six months?
The financing will support the scaling of HIFI’s tokenized capital markets infrastructure and the expansion of its broader product suite, including stablecoin payments and cards products.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?
Focus on your customer. Their problem is your problem, and if you understand this deeply, your solution can be their solution.

Where do you see the company going now over the near term?
Our focus is continuing to improve our offering for existing customers and continuing to grow our customer base. Our team is elite, and we’re excited to bring on more top tier talent as we grow.

What’s your favorite fall destination in and around the city?
The office. Specifically for our Halloween party, where this year I will be dressing as trapped liquidity. What’s more spooky than that?

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Precision Neuroscience – $250M

Precision Neuroscience, a medical device company that builds a brain-computer interface restoring communication and movement for people with paralysis and neurological disease, has raised $250M in Series D funding. The round was led by Pershing Square Inc., the Ackman Oxman Institute, and an undisclosed leading life sciences investment fund, with participation from the Duquesne Family Office, B Capital, ARK Investment Management, Invus, Mubadala Capital, Mirae Asset Capital, Korea Investment Partners, Hitachi Ventures, JSL Health Capital, and others. Founded by Benjamin Rapoport, Michael Mager, Demetrios Papageorgiou, and Mark Hettick in 2021, Precision Neuroscience has raised $405M in total equity funding to date.

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AlleyWatch sat down with Chamelio Cofounder and CEO Alex Zilberman to learn more about the business, its future plans, recent funding round that brings the company’s total funding to $39.5M, and much, much more…

Who were your investors and how much did you raise?

We raised a $26M Series A led by Entrée Capital, with participation from our existing investors Work-Bench and Emerge Ventures, as well as Bright Pixel Capital.

Tell us about the product or service that Chamelio offers.

Chamelio is the AI-native operating platform for in-house legal teams. We manage the entire lifecycle of legal work, from intake and contract drafting to negotiation, approvals, contract intelligence, obligations and ongoing workflows. But the important distinction is that Chamelio is not just software that organizes legal work. Our AI agents can actually perform the work: review and negotiate contracts, make decisions based on the company’s legal knowledge, initiate workflows, monitor obligations and bring a lawyer in when human judgment is required.

What inspired the start of Chamelio?

We had seen the problem from both sides. Gil spent years as a General Counsel and experienced firsthand how legal teams were being asked to support more and more of the business without equivalent increases in headcount. Gal and I came from building and scaling technology companies, and we saw what AI was beginning to make possible. The realization was that most legal technology had been designed to manage the work around lawyers, rather than actually do meaningful parts of the legal work itself. We started Chamelio because we believed AI would fundamentally change that.

How is Chamelio different?

We did not take a traditional CLM and add AI to it. We built the platform AI-first. Traditional systems are primarily designed to store contracts, manage workflows and help lawyers find information. Chamelio is a system of action: it understands the company’s contracts, playbooks, policies and business context and can use that knowledge to take action. That means an agent can negotiate an agreement, monitor a renewal, prepare a document, route an approval or follow something through to completion, while escalating the situations that actually require a lawyer’s judgment.

What market does Chamelio target and how big is it?

We focus entirely on in-house legal departments, particularly at mid-market and enterprise companies. It is already a very large global software market spanning contract management, legal operations, legal AI and workflow automation. But we think AI makes the opportunity significantly larger. Historically, legal software sold tools that lawyers used to perform work. Increasingly, companies will also be buying AI that performs a portion of that work itself. That changes both the size of the opportunity and what a legal technology platform can become.

What’s your business model?

We are a B2B SaaS business. Customers typically enter into annual enterprise subscriptions based on the scale of their deployment and usage of the platform. An important part of our model is also Legal Engineering. We do not simply hand customers software. Our legal engineers help them migrate from legacy systems, structure their legal knowledge and workflows, and put AI into production inside the company.

How has the business changed since we spoke in February after the Seed round?

Quite dramatically. Since the Seed, our ARR has grown 4x, and we now work with more than 100 customers, including companies such as Wiz, monday.com, Socure and AppsFlyer. But the biggest change is probably the ambition of what customers are asking us to do. The conversation has moved beyond “Can AI help me review this contract?” to “Which parts of my legal department can I actually delegate to AI?” That shift is driving a lot of what we are building now.

What was the funding process like?

The process moved quickly because the company itself has been moving quickly. For us, the important question was not simply whether we could raise capital. It was finding partners who understood the size of the opportunity and were aligned with how aggressively we want to pursue it. We found that alignment with Entrée, and it was equally important to us that Work-Bench and Emerge, who already knew the company extremely well, continued to invest alongside them.

What are the biggest challenges that you faced while raising capital?

The biggest challenge is always maintaining focus. Fundraising can consume an enormous amount of a founder’s attention, but at the same time we were onboarding customers, shipping product and scaling the company extremely quickly. You cannot allow fundraising to become the company’s job. The other challenge is being disciplined about who you take capital from. Money itself is largely a commodity. The people sitting around the table with you for the next several years are not.

What factors about your business led your investors to write the check?

I think there were three things. First, the speed of customer adoption and growth: ARR grew 4x in a matter of months. Second, customers are not treating Chamelio as an experimental AI tool. They are increasingly putting it at the center of how their legal departments operate. And third, there is a much bigger category being created here. The future is not simply a better CLM or a faster contract-review tool. It is an operating system where lawyers, legal engineers and AI agents work together.

I think there were three things. First, the speed of customer adoption and growth: ARR grew 4x in a matter of months. Second, customers are not treating Chamelio as an experimental AI tool. They are increasingly putting it at the center of how their legal departments operate. And third, there is a much bigger category being created here. The future is not simply a better CLM or a faster contract-review tool. It is an operating system where lawyers, legal engineers and AI agents work together.

What are the milestones you plan to achieve in the next six months?

Our focus is very straightforward: product, customers and scale. We are investing heavily in our AI capabilities, expanding the product and Legal Engineering teams, and making it much faster for companies to migrate from legacy systems and deploy AI agents across their legal operations. At the same time, we are continuing to expand in the U.S. and move deeper into large enterprise deployments.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

Capital is an accelerator. It is not a substitute for product-market fit. If I did not have fresh capital, I would obsess over the same things we obsessed over before raising it: customers, revenue, product and burn. The strongest position you can put a company in is one where raising money allows you to move faster, but not raising money does not determine whether you survive. Build something customers genuinely need and make every dollar count.

Where do you see the company going now over the near term?

We are building toward Chamelio becoming the operating system for the in-house legal department. In the near term, that means more sophisticated agents, deeper integrations with the systems around legal, and the ability to delegate increasingly complex legal workflows to AI while keeping lawyers in control of the decisions that require judgment. Longer term, we think the composition of a legal department itself changes. It will not simply be lawyers using AI tools. It will be lawyers, legal engineers and AI agents working together as one team. That is the company we are building for.

What’s your favorite fall destination in and around the city?

Central Park. Fall is probably the best time of year in New York, and walking through the park when the leaves start changing is hard to beat.

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Rightway – $155M

HealthTech

Rightway, a pharmacy benefits management and care navigation platform that helps employers reduce prescription drug spending and guides members to the right care, has raised $155M in Series E funding. The round was led by Francisco Partners with participation from Thrive Capital and Khosla Ventures. Founded by Jordan Feldman and Theodore Feldman in 2017, Rightway has raised $394.3M in total equity funding to date.

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HIFI – $37M

FinTech

HIFI, a financial infrastructure platform that enables businesses to move money across stablecoins and bank rails through a single integration, has raised $37M in Series A funding. The round was led by Left Lane Capital. Founded by Zach Walsh and Mohamed Afifi in 2022, HIFI has raised $47M in total equity funding to date.

Neurath – $1.52M

AI

Neurath, an AI reliability platform that quantifies model uncertainty in real time so teams in critical industries can control autonomous systems, has raised $1.52M in funding according to a recent SEC filing. The filing indicates that the total offering is for $4M and there were two investors in this close. Neurath was founded by Dan Morozoff in 2026.

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AlleyWatch sat down with Adaptive Cofounder and CEO Matt Calvano to learn more about the business, its plans for the future, recent funding round, and much, much more…

Who were your investors and how much did you raise?

We raised $30M in Series B funding, led by Tidemark, with participation from our existing investors: Emergence Capital, Andreessen Horowitz, Pathlight, Definition, and 3KVC. That brings our total raised to $57M.

Tell us about the product or service that Adaptive offers.

Adaptive is an AI-native accounting platform built for construction. Our agents connect what’s happening in the field with the financial side, so job costing, AP, billings, WIP, forecasting, change orders, and compliance stay current instead of catching up at month end. We’re not replacing anyone’s ERP, we sit on top of it and feed clean, reviewed numbers back in.

What inspired the start of Adaptive?

Adaptive started as a completely different product, a zoning tool for real estate developers. While calling GCs to get rough cost estimates for that, I started asking about the biggest problems in their businesses, and kept hearing the same things: “I never know where profit is going to shake out until the end.” “I double paid my subs.” “I forgot to bill for a change order on a project that’s already closed.” My co-founders and I pivoted, but instead of building software right away, we rented an Airbnb and ran an actual bookkeeping firm for local construction companies for a couple of months to learn the problem from the inside. What we found was that the software that existed was painfully manual, and if a system is a pain to use, the field just won’t use it. That’s what led us to build something that does the accounting work itself.

How is Adaptive different?

We don’t ask field teams to learn new software. Our AI project accountant reaches supers and PMs by voice, text, or email, whatever they’ll actually respond to, instead of waiting for someone to log into an app. And nothing posts to the general ledger without a human reviewing it first. The AI does the typing but our customers’ teams still make the final calls.

What market does Adaptive target and how big is it?

We work with GCs, specialty trades, developers, and the accounting firms behind them, typically $5M to $1B in revenue. More than 750 builders run on Adaptive today. Construction is a $2T in market in the US and $13T globally.

What’s your business model?

Our model is flexible and built around each business’s specific needs. Each customer’s agents get configured around their own workflows and most go live in 30 days. Pricing gets figured out through a conversation rather than a price list, since it depends on each use case, and the commitment is month-to-month.

How are you preparing for a potential economic slowdown?

Adaptive helps contractors reduce manual work and take on more work without adding headcount, which matters even more when budgets tighten. And because our pricing is month-to-month rather than a long-term contract, customers get to see the benefit for themselves before committing to anything longer.

What was the funding process like?
I’d been following Tidemark’s writing since our seed round, so by the time we sat down together, the relationship had already been building for a while. That made a real difference. We were talking to investors who already understood the space and how we thought about it, rather than starting from scratch.

What are the biggest challenges that you faced while raising capital?
None of us came from construction, our backgrounds are in finance and tech. But before diving in to build a product, we ran an actual bookkeeping firm for construction companies to learn the ins and outs. That direct experience did more to build credibility than anything we could have said.

What factors about your business led your investors to write the check?
Our investors have pointed to how we’re not just helping teams do the work faster, we’re increasingly doing it for them, bridging the back office and the field so job-level costs don’t require someone manually coordinating between the two. They’ve also talked about how our customers describe Adaptive, several call it one of the most important tools in their stack, which is rare to see in construction software. Beyond the product, it comes down to believing in what we’re building and the team behind it.

What are the milestones you plan to achieve in the next six months?

Ship several additional ERP integrations to unlock more of the market. Deploy additional agents across adjacent parts of the accounting workflow.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

Keep going!

Where do you see the company going now over the near term?

This round goes straight into two things: building out what our agents can do across job costing, AP, billing, WIP, and compliance, and growing our teams in Boston and New York to support that.

What’s your favorite fall destination in and around the city?

The West Village and Hudson Valley.

Beagle Labs – $4.1M

Beagle Labs, an AI platform that delivers property inspection data to commercial insurance underwriters, has raised $4.1M in Pre-Seed funding. The round was led by Chingona Ventures with participation from Sovereign’s Capital, Remarkable Ventures, C2 Ventures, South Loop Ventures, and Red Bike Capital. Founded by Dwight Neptune, Josie Madingo, Keelan Gayle, and Luis Guzman in 2022, Beagle Labs has raised $8.4M in total equity funding to date.

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AlleyWatch sat down with Confido Cofounder and CEO Justin Hunter to learn more about the business, its future plans, recent funding round, and much, much more..

Who were your investors and how much did you raise?

We recently raised a $55M Series B led by Insight Partners, with participation from Trenches Capital, Watchfire, Barrel Ventures, and returning investors Footwork and Y Combinator. This brings our total funding to $77M.

Tell us about the product or service that Confido offers.

Confido is the AI infrastructure for consumer packaged goods (CPG) brands. We unify finance, accounting, sales, and operations on one shared system, helping brands automate critical workflows, improve planning accuracy, protect margin, and make faster decisions.

What inspired the start of Confido?

My connection to the industry started long before Confido. My mother spent years managing retail stores for Target, while my father sold software to consumer brands. Later, I worked with consumer businesses firsthand and was struck by how much of the back office still relied on manual processes, spreadsheets, and disconnected systems. As advances in AI began accelerating, it felt obvious that consumer brands would eventually be transformed by technology. We founded Confido to build the AI infrastructure that helps brands run their businesses more efficiently, make better decisions, and protect margin.

How is Confido different?

Most software in the industry was built to record work, not do it. Historically, brands relied on disconnected tools, custom consulting projects, outsourced business-process providers, and brittle automation systems that often broke as conditions changed. Confido was built from the ground up using AI and agentic workflows to actually execute work across finance, accounting, sales planning, forecasting, and supply chain operations.
We also take a purpose-built approach to CPG. Rather than offering a generic back-office tool, we’ve built workflows and integrations specifically for the way consumer brands operate, including the retailer, forecasting, and operational complexities unique to the industry.

What market does Confido target and how big is it?

We serve the consumer packaged goods industry, from emerging high-growth brands to some of the largest companies in the world. Today, more than 250 brands use Confido, including companies like Daisy, Dude Wipes, Kettle & Fire, Unilever, Mars, and others. Collectively, more than $30 billion in retail sales planning flows through the platform. The broader CPG industry represents a roughly $2.5 trillion market, while the software opportunity supporting it exceeds $100 billion.

What’s your business model?

Confido operates on a yearly subscription model. We sell a la carte, but most users end up buying the whole product, for two reasons: (1) each product is best-in-class, even solo, and (2) our products work unfairly well together – each one reinforces the others when running on a combined dataset.

How are you preparing for a potential economic slowdown?

Periods of economic uncertainty make operational efficiency even more important. Our focus has always been helping brands protect margin, improve forecasting accuracy, and operate more effectively. The businesses that perform best during challenging environments are often the ones with the clearest visibility into their operations, and that’s exactly what we’re helping customers achieve.

What was the funding process like?

We were fortunate to have strong interest from investors who understood both the scale of the consumer industry and the opportunity to modernize how brands operate. The conversations focused less on a single feature or workflow and more on the broader enterprise transformation we are enabling. Our growth, customer adoption, and retention helped demonstrate that we are building a platform that can become central to how consumer brands run their businesses.

What are the biggest challenges that you faced while raising capital?

One challenge is helping investors appreciate the sheer complexity of the CPG back office and how much value exists in solving those problems. It’s an industry everyone interacts with every day, but the operational infrastructure behind it is often overlooked.

What factors about your business led your investors to write the check?

I think investors saw three things. First, a massive market opportunity in an industry that has historically been underserved by modern software. Second, strong execution and momentum, including 5x year-over-year growth since our Series A and adoption across more than 250 brands. Third, the breadth of our vision. We’re not solving a single departmental problem; we’re helping brands transform how finance, accounting, sales, operations, forecasting, and supply chain teams work together. Also, the fact that existing investors chose to increase their commitment alongside new investors was also a strong endorsement of the progress we’ve made and the opportunity ahead.

What are the milestones you plan to achieve in the next six months?

Our primary focus is continuing to expand the platform’s AI capabilities and launch new agent-driven workflows that automate more of the work happening across the consumer brand back office. We are also investing heavily in product development and growing our team to meet demand. Ultimately, our goal is to help customers drive measurable improvements across every line item on their P&L by giving them better visibility, automation, and decision-making tools.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

Prioritize profitability and customer growth.

Where do you see the company going now over the near term?

We’re still in the early stages of what we believe is a much larger opportunity. Over the near term, our goal is to continue expanding across the entire commercial cycle, helping brands automate more workflows while improving forecasting, operational planning, and financial performance. Long term, Confido will be the operating system that powers the back office of every consumer brand in the world.

What’s your favorite fall destination in and around the city?

COTE is a classic for a great dinner, and 787 on 14th street for coffee.

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Cyera – $400M

CybersecurityAI

Cyera, a data security platform that governs what data humans, machines, and AI agents can access across the enterprise, has raised $400M in a Series G extension. The round came from Goldman Sachs Growth Equity. Founded by Yotam Segev and Tamar Bar-Ilan in 2021, Cyera has raised $2.7B in total equity funding to date.

Confido – $55M

AIEnterprise

Confido, an AI platform that unifies finance, accounting, sales, and operations for consumer packaged goods brands, has raised $55M in Series B funding. The round was led by Insight Partners with participation from Trenches Capital, Watchfire Ventures, Barrel Ventures, Footwork, and Y Combinator. Founded by Justin Hunter and Kara Holinski in 2022, Confido has raised $77M in total equity funding to date.

Ande – $52M

AIEnterprise

Ande, an AI-native network that connects enterprises with venues and vendors to book and manage corporate entertainment, has raised $52M in Seed and Series A funding. Investors in the round include Lightspeed Venture Partners, Redpoint, Duration Ventures, Sierra Ventures, and Bain Capital Ventures. Ande was founded by Lohit Sarma and Michael McDermott in 2023.

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Chamelio – $26M

LegalTechAI

Chamelio, an AI-native legal platform that automates contract drafting, negotiation, and workflows for in-house legal teams, has raised $26M in Series A funding. The round was led by Entree Capital with participation from Work-Bench, Emerge Ventures, and Bright Pixel Capital. Founded by Alex Zilberman, Gal Lellouche, and Gil Banyas in 2024, Chamelio has raised $39.5M in total equity funding to date.

snag – $4M

PropTech

snag, a housing marketplace that connects renters with verified sublets and lease takeovers, has raised $4M in Seed funding. The round was led by Slow Ventures with participation from Precursor Ventures, Long Journey Ventures, Chamaeleon, Brian Kelly, and Sloane Stephens. snag was founded by Selin Sonmez and Niko Georgantas in 2025.

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