StepStoneVC

Reaching a $2B valuation and expanding into more than 30 countries within eight months of emerging from stealth, @wonderful_ai raised a $150M Series B funding round with participation from @BessemerVP, a StepStone platform manager. The company develops an agentic AI platform that helps enterprises deploy and scale AI agents across complex global operations. Continue learning: tcrn.ch/3NIPkrq

.@FPVventures, a StepStone platform manager, participated in #Translucent’s $27M Series A funding round. The company develops an AI platform that gives healthcare systems real-time visibility into financial risk by unifying operational, clinical and financial data so leaders can identify revenue leakage and respond faster: bwnews.pr/3NlbbVQ

.@Edison_Partners, a StepStone platform manager, acquired a majority stake in newly launched #momoGood, a platform that helps nonprofits, political organizations and enterprises reduce tech fragmentation while driving external engagement and fundraising: bit.ly/4spQC9K

.@join_ef raised $200M in fresh capital to expand its global talent-first startup builder platform that identifies exceptional individuals before they have a team or idea and helps them launch companies from scratch. EF portfolio companies are backed by @benchmark and @foundersfund, StepStone platform managers. Learn more: bwnews.pr/47CeEWN

.@benchmark and @conviction, StepStone platform managers, participated in @sundayrobotics’ $165M Series B funding round, valuing the company at approximately $1.15B. Sunday develops Memo, an autonomous home robot trained on millions of real-world household tasks to handle chores such as dishes, laundry and home organization. More here: bit.ly/4sLO05X

Following a $143M Series D funding round, @FroreSystems achieved unicorn status and now scales its LiquidJet and AirJet thermal platforms powering next-generation AI infrastructure across data centers and edge environments. @MayfieldFund, a StepStone platform manager, participated in the funding round: prn.to/3P9z3fG

#Scanner raised a $22M Series A funding round with participation from @CRV, a StepStone platform manager. The company builds a platform that helps security teams analyze massive volumes of cloud-stored log data to detect threats faster and investigate incidents across months or years of activity: bit.ly/4be3BW3

Among the largest private VC‑backed companies, roughly ~5% of equity is “in motion” at any given time - an ~$185B addressable market with ~$75B trading annually. Source: Cambridge Associates as of March 31, 2025 📄 Read our latest market insights on venture secondaries: bit.ly/3ZtwzKT

.@nexthopai has raised a $500M Series B led by StepStone platform Manager @lightspeedvp. Nexthop AI is developing highly efficient AI networking for the world's largest cloud operators, reducing data bottlenecks and energy consumption. Learn more: bit.ly/4seQDgI

#Chowbus secured an $81M funding round with participation from @fikavc, a StepStone platform manager. Its AI-powered platform helps culturally rooted restaurants manage POS systems, marketing and operational services while processing billions in annual transactions. Details: bit.ly/4lycayE

A new generation of large-scale drone warfare is emerging as @SwarmAero develops uncrewed aerial vehicles designed for long-range missions and coordinated swarm operations. The company recently secured a $35M Series A funding round with participation from @foundersfund and @MaCVentureCap. For more on this funding round: bwnews.pr/3NoPGTQ

StepStone platform manager @conviction, led #OnyxSecurity’s $40M funding round. The company builds a secure AI control plane that gives enterprises visibility and governance as autonomous AI agents begin operating across critical systems. Read more: bit.ly/4sMph1D

.@BessemerVP, a StepStone platform manager, participated in @axiamatic’s $54M funding round. The company develops an AI platform that helps enterprises run complex transformation programs across ERP, CRM and supply chain modernization with greater speed and predictability. Learn more: bit.ly/47Ate0T

.@NectirEducation raised a $12.5M funding round led by @rethinkimpact as its secure AI infrastructure helps universities deploy AI assistants that provide 24/7 personalized learning support while improving academic outcomes across more than 100 campuses: yhoo.it/4lnbRqh

.@highalpha, a StepStone platform manager, backed @YourcoHQ in a $6M Series A funding round as the company develops Frontline Intelligence, an AI-powered capability that analyzes SMS-based workforce communications to deliver real-time operational insights for frontline teams across industries. Read more here: bwnews.pr/4bBArAf

.@WeAreLegora raised a $550M Series D funding round led by @Accel, with participation from @benchmark, @BessemerVP and @Redpoint, all StepStone platform managers, reaching a $5.55B valuation as its AI platform supports complex legal workflows for more than 800 law firms and legal teams worldwide. Learn more: yhoo.it/4rWVmDI

.@Spintly2 secured an $8M Series A funding round led by @AccelIndia, a StepStone platform manager, to scale its wireless cloud-based access control platform. Its mobile-first system enables secure keyless entry, attendance tracking and visitor management while reducing infrastructure costs across enterprise offices and smart buildings. Continue reading: bit.ly/4bk7gQZ

StepStone Venture and Growth partnered with Glade Brook Capital in a transaction structured to provide a thoughtful liquidity solution for investors in Glade Brook Strategic Growth III while maintaining exposure to a concentrated portfolio of high‑quality, market‑leading technology companies. Congratulations to the Glade Brook team on the close! We look forward to continuing our partnership. 📢 Press release here: bwnews.pr/4uB13ZU

.@lightspeedvp, a StepStone platform manager, participated in @gushwork’s $9M Seed funding round to support its AI-native platform helping businesses become discoverable across AI search engines like ChatGPT, Gemini and Perplexity. The company’s AI Feeds CMS deploys specialized agents to generate optimized content and drive qualified leads. For more information: bit.ly/4b5eQyE

.@fieldguide secured a $75M Series C funding round with participation from @BessemerVP. Its agentic AI platform powers audit and advisory workflows across half of the Top 100 U.S. accounting firms, helping practitioners scale capacity while maintaining compliance: bit.ly/4sBWoF7