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                   9 September 2021                      
Alumni Spotlight
Shield AI Raises $210 Million Series D Round
 
Shield AI, a technology powered defense company recently announced it has raised $210M in equity financing as part of a Series D fundraising round, increasing its valuation past the billion-dollar mark. The company's mission is to build artificially intelligent systems to protect service members and civilians.

Read the press release

Disclosure: Shield AI is a Propel(x) alumni company and closed fundraising through the platform in October 2015.
Neurogastrx Secures $60 Million in Series B Financing
 
"Neurogastrx, Inc., a privately held specialty pharmaceutical company   developing transformative therapies for gastrointestinal (GI) disorders, announced the successful completion of a $60 million Series B crossover round led by Vivo Capital.

Other new investors participating in the Series B round include RTW Investments, Samsara BioCapital and Marshall Wace, joining 5AM Ventures, venBio and OrbiMed Advisors who also participated in the Series A financing."

Read the press release.

Disclosure: Neurogastrx is a Propel(x) alumni company and closed fundraising through the platform in August 2014.
Developing Coherent AI Infastructure for Smart Cities
Our alumni company, Hayden AI was covered in a recent Forbes article which discussed how sophisticated AI infrastructure can play a key role in building smart cities. Hayden AI was founded on the belief that by combining mobile sensors with artificial intelligence, it is possible to successfully introduce safety and efficiency in heavy or dangerous traffic situations.

Disclosure: Hayden AI is a Propel(x) alumni company and closed fundraising through the platform in August 2021.
Why does it suddenly feel like everyone is an angel investor?
"There’s an old stereotype that angel investing is only for a certain well-off kind of person. Entrepreneurs who got rich young, retirees with timeshares, mid-career dentists who want to add a little spice to their portfolios. If the stereotype is rooted in any reality, it’s the reality of a bygone era."
“That’s not the case anymore,” Swati Chaturvedi, co-founder and CEO of Propel(x), an online investment platform for deep tech startups, told Built In. “The demographics are really changing.”
 
What is the Internal Rate of Return and why does it matter when investing in startups
For traditional investments such as cash or bonds, the rate of return is simply the interest rate paid per annum. For stock investments, the rate of return is calculated by the dividend payments received, if any and the rise (appreciation)  in price upon selling the shares.

But what about if you are investing in startup companies? Parameters that are used to assess returns in startups are a little more complex, but the underlying principle is the same, because they measure the return on your invested funds.

 
DEEP TECHNOLOGY BUZZ
 
Here is what caught our attention over the past few weeks
Our alumni company, InsightFinder recently shared one of their customer success stories on social media.

"InsightFinder harnesses the power of AI to predict and prevent IT incidents. Powered by unsupervised machine learning, InsightFinder learns continuously from events, logs, metrics, and changes to detect anomalies, predict incidents, and remediate outages."

Disclosure: InsightFinder is a Propel(x) alumni company and closed fundraising through the platform in February 2018.

 
 
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Propel(x) is a premier digital platform facilitating private venture capital for deep technology startups. Our mission is to enable investment in technologies that matter
and thus build the next generation of great companies.

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Investments on Propel(x) are high risk, illiquid and bear the risk of partial or complete loss of invested capital. Please review risk factors for investments on Propel(x)
here.

 
 
 


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