StepStoneVC

With total funding now reaching $24.5M, @basata_ai raised a $21M Series A funding round led by @BasisSet, a StepStone platform manager. Basata is expanding its AI-powered front-office automation platform for healthcare, streamlining referral intake, EHR data extraction, and patient scheduling. The company is scaling specialty-specific workflows, hiring engineering and sales teams, and building a broader AI agent suite that spans intake, follow-ups, and billing across healthcare systems. Continue reading: bit.ly/48RQIQ6

Adair Newhall, Partner on StepStone’s Venture Growth and Equity team, will be at Blackbird Laboratories’ showcase in Baltimore on May 19. He’ll be moderating the panel, “Venture-backed biotech startups – a legacy of company creation,” which brings together founders and investors building and backing early-stage biotech companies, with a shared lens on how new platforms and ideas take shape.

Built on a network spanning 73 hospitals and over 15 million patients, @Dandelion_AI4HHealth raised a $14M Series A funding round, with participation from @PrimaryVC, a StepStone platform manager. Dandelion is scaling its multimodal clinical AI platform for life sciences, expanding pharma partnerships, and strengthening its data infrastructure to support drug development across trial design, evidence generation, and biomarker validation. Learn more: bit.ly/3RhhiMk

.@ElephantVenture, a StepStone platform manager, participated in a $13.5M Series A funding round for @tekst_ai, a process intelligence platform company. Tekst is now accelerating development of its Process Intelligence platform, which helps enterprises structure operational workflows so AI agents can automate complex business processes more effectively. The company is expanding product capabilities, scaling go-to-market efforts and deepening enterprise adoption of AI-driven automation systems: bit.ly/42wYhbf

#Antioch, a cloud simulation platform for robotics and autonomous systems, raised $8.5M in a Seed funding round with participation from @MaCVentureCap a StepStone platform manager to shift autonomy development from costly real-world testing to scalable, AI-driven simulation—already working with Fortune 500 and FAANG teams across logistics, drones and industrial automation: bit.ly/4ddeqHO

Aiming to reduce the cost and complexity of cancer treatment manufacturing by removing gravity from the equation, #BioOrbit is using its recent £9.8M Seed funding round, co-led by @localglobevc, to develop in-space production of ultra-high-concentration antibody therapies that could enable injectable, at-home cancer treatments and cut hospital administration costs by up to 90%. Learn more about this funding round: bit.ly/4d8XLoJ

StepStone platform manager @HaunVentures participated in an $18M funding round for @multisig, a Solana-based financial infrastructure company accelerating Altitude, a stablecoin-powered operating system enabling global, instant, programmable business payments. For more information: prn.to/3R6uymU

Fresh off the leash and into the spotlight @joingoldenchild, a pet wellness startup, emerged from stealth with a $37M dollar funding round with participation from @Redpoint and @JoinAtomic, both StepStone platform managers. The company is on a mission to raise the bar for dog nutrition by bringing human food level supply chain rigor and standards to four legged companions. For a deeper dive: bwnews.pr/4uiOpO6

StepStone platform manager @MayfieldFund participated in a $50M Series A-1 funding round for #OpenLight, a photonics company developing custom photonic application-specific integrated circuits for AI data centers and high-performance computing. This funding enables expansion of its photonic design kit, advances development of next-generation components including modulators and on-chip lasers and scales global sales and technical support infrastructure to accelerate deployment of its silicon photonics platform. Read more: bit.ly/4mU1Gdn

.@ComfyUI, an open-source AI workflow platform, raised $30M in a funding round at a $500M valuation with participation from @PaceCap a StepStone platform manager. It has grown to over 4M users and 150,000+ daily downloads and enables creators, studios and enterprises to build modular generative AI workflows across image, video, 3D and audio. The funding supports improved accessibility, stability and feature development while expanding its open-source creator-first AI ecosystem. For more information: yhoo.it/4vWfSXt

.@The_TruAnomaly, a space defense startup, raised a $650M Series D funding round. @Accel, a StepStone platform manager, participated in the round to help fuel the company’s expansion of space superiority capabilities, including autonomous orbital systems, mission autonomy software and next-generation space-based defense infrastructure. Learn more: bit.ly/4uh5CHF

.@NexusVP , a StepStone platform manager, led a $10M Series A funding round to support @OpenObserve and the launch of its Observability 3.0 platform, introducing AI native observability capabilities. The funding will accelerate enterprise scaling, go to market expansion, infrastructure growth and leadership expansion, including the addition of a new Chief Revenue Officer. For more information: bit.ly/4t2QcWA

.@InspiredCap and @PrimaryVC, both StepStone platform managers, participated in a $12M funding round for @trywindmill, an AI company building a “context graph for people” for workforce intelligence and performance management. The funding enables Windmill to accelerate feature development, deepen integration across enterprise systems and expand the underlying data infrastructure powering its workforce intelligence platform: bit.ly/3QBpFCc

StepStone platform manager @FelixCapital contributed to a $110M Series B funding round for @SereactAI, an AI robotics company building models that enable robots to operate more autonomously across logistics and manufacturing. Sereact develops Vision-Language-Action models and continues advancing embodied AI where software intelligence drives robotics systems. The funding supports development of AI models, scaling deployments and expansion into new markets as it strengthens its software-defined robotics platform. For more information: bit.ly/4mUyRO8

.@NexusVP, a StepStone platform manager, participated in a $60M Series B funding round for @orkesio, a platform that orchestrates AI agents and durable workflows in production at scale. Orkes builds on Netflix-originated Conductor and helps enterprises run AI agents reliably with strong observability, governance and execution controls. It operates as a core orchestration layer for agentic systems across global enterprises. The funding accelerates platform development, deepens enterprise integrations and expands the underlying infrastructure needed to run large-scale agentic workloads in production environments: bwnews.pr/3P1GKom

#Series, a social networking start-up, raised $5.1M in a pre-Seed funding round with backing from @pearvc a StepStone platform manager. It operates across 750+ campuses and focuses on facilitating introductions rather than passive scrolling. The funding supports new engineering hires and continued product expansion. Learn more about the student entrepreneurs and their product: bit.ly/4mTJnFj

StepStone platform manager @GoodwaterCap contributed to a funding round supporting @slashapp as it reaches unicorn status with a $100M Series C raise. With total funding now exceeding $160 million, Slash, an all-in-one business banking and payments platform that integrates expense management, treasury, and AI-powered financial automation, plans to use the capital to accelerate expansion into new industries, markets, and tools while deepening its AI-driven workflows. Learn more about Slash Financial and its developments: bit.ly/4cpVCWx

.@almanac_health raised a $10M Seed funding round backed by @lightspeedvp to scale its research-driven clinical AI platform expanding its team, advancing product development, investing in privacy-focused R&D and continuing rigorous clinical validation in real-world healthcare settings: bit.ly/4u7FX4a

StepStone platform managers @firstround and @Redpoint participated in @omni ’s $120M Series C funding round at a $1.5B valuation. Omni operates an AI analytics platform for the enterprise and continues scaling adoption as revenue grows rapidly and customers expand AI-driven data workflows across the business. For more information: omni.co/blog/press-rel…

A $160M funding round was completed for @reliable_robot with participation from StepStone platform manager @lightspeedvp. Reliable Robotics develops autonomous aircraft systems and is scaling production of its FAA-certifiable autonomy platform while advancing certification, expanding manufacturing capacity and progressing deployments across commercial and defense aviation operations. Continue reading: bwnews.pr/4crUGB2