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Daily Funding Highlights

Kong 

$175 million

Kong, a leader in API management and service connectivity, raised $175 million in a funding round led by Unusual Ventures and joined by other major investors like Tiger Global. This funding will bolster Kong's growth and investment in its API gateway technology, empowering businesses to build scalable, high-performance applications. Kong's open-source foundation and enterprise offerings are transforming how modern software communicates, making it a standout in the API ecosystem.

Kintsugi AI 

Undisclosed (Series A Extension)  

Kintsugi AI is revolutionizing mental health diagnostics with its voice-based AI technology, which identifies depression and anxiety markers. The company's latest Series A extension saw its valuation double, reflecting rapid adoption of its cutting-edge technology in healthcare systems globally. Its unique focus on using voice biomarkers positions Kintsugi at the forefront of AI-driven health solutions.

Unruly Studios 

Not disclosed

Unruly Studios is an edtech innovator providing active learning tools through its Unruly Splats, which encourage STEM learning via physical activity. With new funding, the company aims to expand its reach in schools and develop more interactive educational products, addressing a critical need for engaging STEM learning methods in K-12 education.

Funding Roundup

$145B raised by 89 private companies

Industry Trends & Analysis

API Management Expansion: A Core Enabler for Digital Transformation

Kong's $175 million raise highlights the increasing prominence of API management in powering seamless digital integration. APIs are evolving beyond connectivity tools to become central to product offerings, driving efficiency and enabling real-time scalability across industries. This trend aligns with growing adoption of API-as-a-product models and low-code platforms, which allow companies to build robust digital ecosystems quickly and cost-effectively.

AI-Driven Mental Health Solutions: A Rising Priority

Kintsugi AI’s Series A extension signals the growing investment in healthtech, particularly in leveraging AI for mental health. With a focus on automated, empathetic support for users, Kintsugi embodies the larger trend of using AI to augment human capabilities in healthcare, a sector that is expected to see significant growth as mental health continues to be a global concern.

EdTech Innovation Amid Budget Constraints

Unruly Studios’ focus on active learning through interactive tools reflects the broader move toward gamified and immersive educational experiences. As funding for traditional school technology tightens, EdTech startups are responding with scalable, AI-enhanced solutions that meet educational needs while addressing market challenges, such as affordability and inclusivity.

Featured Company Spotlight

Selector AI  

Amount: $33M

Round: Series B

Lead Investor: Ansa Capital

Company Profile:

Selector AI, headquartered in Santa Clara, California, specializes in AI-driven operations (AIOps) for complex networks. Its platform leverages AI, large language models (LLMs), and digital twin technologies to deliver 360-degree visibility across network infrastructures, enabling rapid identification and resolution of system outages. Trusted by major telecom and enterprise clients, Selector AI reduces the 90% repair time often spent diagnosing issues.

Leadership:

Founded in 2019 by industry veterans Kannan Kothandaraman and Nitin Kumar, Selector AI's team includes experts from leading tech companies like Juniper Networks, Uber, and Cisco. CEO Kannan Kothandaraman has emphasized the company's mission to eliminate costly downtimes through cutting-edge AI solutions.

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