Funding rounds, founder strategy and the operating reality of building technology companies. Reporting and analysis from Fathom Tech.
The AI agent startup behind the popular Hermes tool has secured $90 million in funding from Robot Ventures, Nvidia, Samsung and Y Combinator, pushing its valuation to $1.5 billion.
Two engineering students turned founders are building biotechnology-based air purification systems that use plants to remove volatile organic compounds from workplaces—a problem they discovered firsthand when a friend collapsed from exposure to makerspace fumes.
The South African startup has secured $38 million across seed and Series A rounds to scale its platform that uses language models to identify hospitalized patients at risk of undiagnosed conditions like malnutrition and delirium.
The Detroit-based startup pivoted from a service model to a software-driven marketplace connecting hardware makers with domestic suppliers, capitalizing on renewed interest in American manufacturing.