US

Ossio grabs $22 mln in OCV Partners-led round

Israel and Massachusetts-based Ossio, an orthopedic fixation company, has secured $22 million in financing. OCV Partners led the round with participation from return backers Ortho Vision LLC and Secocha Ventures.

Altman steps down as president of Y Combinator

Y Combinator announced last week that Sam Altman will step down as president and transition to a new role as chairman. Y Combinator said his duties as president will shift to other partners. In his new role, Altman will spend more time focusing on the nonprofit OpenAI and other pursuits. In addition, the incubator said that it's looking for space to move its headquarters and demo days to San Francisco from Mountain View, California.

PolyAI lands $12 mln Series A

London-based PolyAI, a platform for conversational artificial intelligence, has secured $12 million in Series A funding. Point72 Ventures led the round with participation from other investors that included Sands Capital Ventures, Amadeus Capital Partners, Passion Capital and Entrepreneur First.

55 Catalyst to raise venture-capital fund

55 Catalyst has set out to raise a venture-capital fund, according to a filing with the SEC.

Serial Box scores $4.5 mln seed

Serial Box, a premium digital reading and audio platform, has raised $4.5 million in seed financing, according to a spokesperson for the company. The investors included Forerunner Ventures, Boat Rocker Media and Uzabase.

Poplar Ventures rakes in $17 mln for new fund

Poplar Ventures has raised $17 million for its debut fund. Based in Louisville, Kentucky, Poplar Ventures LP invests in cloud-based software tech companies in middle America.

Bid Ops picks up $1.75 mln seed

Bid Ops, a cloud platform for procurement automation, has raised $1.75 million in seed funding. Illuminate Ventures and Cervin Ventures led the round with participation from Correlation VC.

Bridge Line collects over $1 mln for $100 mln-targeted fund

Bridge Line Ventures LLC has raised over $1 million for its new fund, according to an SEC filing. The target is $100 million. The venture firm is based in Boca Raton, Florida.

Digital Hands hires VC exec as COO

Digital Hands, a managed security services provider, has named Myrna Soto as chief operating officer. Previously, she was a partner at ForgePoint Capital focused on cyber security investments. Soto will continue to serve as a venture adviser for ForgePoint Capital.

Cerebral Therapeutics racks up $11 mln Series A

Aurora, Colorado-based Cerebral Therapeutics Inc, a developer of reformulated medications, which bypass the blood brain barrier using chronic implantable infusion systems, has extended its Series A round to $7.8 million. As a result, the company's total Series A funding is $11 million. Cerebral Therapeutics' investors included Granite Point Capital Management LP and Vivo Capital LLC.