StepStoneVC

StepStone platform manager @MaCVentureCap participated in @AutoScienceAI’s $14M Seed funding round, as the company builds a virtual AI lab powered by autonomous scientists and engineers that continuously generate, test and deploy machine learning models, enabling enterprises to scale R&D and accelerate innovation across high-stakes environments. More here: bwnews.pr/4sVQn6b

.@condorbiotech raised a $24M Series A funding round, with participation from @felicis, a StepStone platform manager, and is advancing an AI-powered financial intelligence platform that consolidates clinical and financial data to help life sciences teams manage $19B+ in R&D spend, improve forecast accuracy and accelerate trial decision-making. Learn more: prn.to/4bCO4OC

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