Each month we spotlight Duke students, alumni, faculty, and staff making headlines through fundraising, acquisitions, press, and awards. The Month of Impact highlights our community’s inspiring work that pushes boundaries, drives innovation, and creates lasting change. Have a tip about a Duke entrepreneur making news? Let us know.

May 2026

Funding and Acquisitions

In the News

About the Month of Impact: Each edition is curated by the Duke I&E team, who seek out startup news from across our network and use publicly available sources to verify information. Want to provide an update or suggest a correction? Contact entrepreneurship@duke.edu.

Duke I&E Network in the News: 2026

Funding and Acquisitions

In the News

Funding and Acquisitions

  • Science Corp. (Founder and CEO Max Hodak B.S.E.’12) raised $230M in Series C to commercialize its PRIMA vision-restoring implant and advance brain-computer interface technology.
  • Grow Therapy (Co-founder/CEO Jake Cooper B.S.’16, Co-founder/CSO Manoj Kanagaraj B.S.’16, Co-founder/CTO Alan Ni B.S.’15) raised $150M in Series D to expand employer and physician partnerships and enhance its mental health platform.
  • NextView Ventures (Co-founder Rob Go B.S.’01) closed $80M toward a $135M fund to invest in seed-stage startups.
  • DG Matrix (Founder Haroon Inam B.S.E.’84, M.S.’87) raised $60M in Series A to scale its solid-state transformer technology for more efficient data center power.
  • Normal Computing (Co-founder and CEO Faris Sbahi B.S.’19) raised $50M to scale its AI chip design software and develop energy-efficient AI hardware.
  • Atlas Oncology Partners (CEO David Johnson A.B.’05) raised $28M in a Series A to expand its oncology care platform and geographic footprint.
  • Levitate (Founder and CEO Jesse Lipson A.B.’99) raised $16M to advance its AI-powered relationship marketing platform.
  • UC Impower Fund (Co-founder and CEO Eric Savage A.B.’92, P’27, P’29) raised $50M to support impact-focused investments.
  • Critical Path Security & Léargas Security (CEO LJ Campbell M.B.A.’18) received a strategic growth investment to expand cybersecurity services, product capabilities, and market reach.
  • Bandelier Technologies (Co-founder Josh Heebner M.B.A.’26) received an investment from CerraCap Impact Venture Capital to advance its quantum radar and sensing technologies for national security.

In the News

Funding and Acquisitions

In the News

Several Duke-affilated companies will be pitching at Venture Connect later this month:

Funding and Acquisitions

  • Veza (Co-founder and CEO Tarun Thakur MBA ‘10) is being acquired by ServiceNow for more than $1B to help enterprises govern AI agent permissions and non-human identities at scale.
  • Thrive Financial (Co-founder and CEO Ryan Cannon MMS’12) announced a $1B asset purchase facility commitment with TPG to expand home improvement financing nationwide.
  • Chips startup Neurophos (Co-founded by Dr. Patrick Bowen, PhD ’17 and Dr. Andrew Traverso Postdoctoral Fellow ‘20) closed a $110M oversubscribed Series A funding round to develop a new technology designed to outperform accelerators used to run AI models.
  • Agentio (Co-founder and CEO Arthur Leopold ‘12) raised a $40M Series B to scale its AI-powered marketplace connecting brands with creators.
  • Pryzm (Co-founded by Matt Hawkins ‘19) raised a $12.2M seed round led by Andreessen Horowitz to scale its AI platform for identifying and pursuing defense contracts.
  • Vibecode.dev (Co-founded by Kehan Zhang ‘23 and Ansh Nanda) has raised ~$10M to help build apps on iPhones.
  • Channel3 (Co-founded by Alexander Schiff ‘22 and George Lawrence ‘23) raised a $6M seed round to power AI-driven shopping.
  • EQORE (Co-founded by Donald Groh '22) raised $1.7M in seed funding to help businesses control electricity costs and support a more reliable grid.

In the News

Duke I&E Network in the News: 2025

Funding and Acquisitions

In the News

Funding and Acquisitions

In the News

Funding and Acquisitions

In the News

  1. Scale Social AI (Founder and CEO Runbin Dong BSE ‘12)
  2. Environmental Answers (Founder Tiana Elame MEM ‘24)
  3. Citrus Oncology (Co-founder Afreen Shariff, Associate Professor of Medicine)

Duke I&E Network in the News: 2024

 

  • Grow Therapy, co-founded by Manoj Kanagaraj ‘16 and Jake Cooper ‘16, secured an $88 million Series C investment led by Sequoia Capital to advance its measurement-informed care infrastructure and improve accessibility to high-quality mental healthcare.
  • Circ, a Certified B Corp co-founded by Peter Majeranowski MBA ‘09 and Iulian Bobe MBA ‘09, has been named as one of Fast Company’s Most Innovative Companies of 2024 in fashion. Pioneering technology to recycle poly-cotton blended fabrics, Circ partners with global fashion brands, leveraging $72 million in funding to scale rapidly and aims to become the largest U.S. player in textile recycling by 2030.
  • Real - Sports, a game watching/tracking app founded by John Antonelli ‘23, recently reached 1 million total members.
  • Biena Snacks, founded by Poorvi Patodia MBA ‘05, has placed their Tasty Thins product in Costco Wholesale clubs.
  • NCIDEA has named Nikhil Mittal MBA ‘25 and Michele Riva MBA ‘25 as Startup Analyst Fellows and Hans Grohs MBA ‘25 and Kelsey Worsham MBA ‘25 as Summer Business Consultant Fellows.
  • Josh Seidenfeld MEM/MBA ‘15’s app Messier is now available through the App Store and Google Play. Messier aims to enhance joy, connection, and mental health through personalized prompts developed with leading creativity researchers.
  • Education startup Upswing, founded by Melvin Hines JD ‘09, MBA ‘11, was recently recognized by TIME as one of the World’s Top EdTech Companies of 2024.
  • Kokada, founded by Breanna (Atkinson) Golestani ‘16 and Jared Golestani ‘17 was named to Wharton Magazine’s Spring/Summer Watch List and their Brownie Kokada Dunks were featured in Good Housekeeping as a 2024 Best Snack award winner in the Kids & Infants category.
  • Diego Silva MBA '23 and his company Latam Vet were featured in Chilean business newspaper Diario Financiero.
  • GrepBeat featured founders Adam Kershner BSE ‘18 and Jonathan Gans BSE ‘18, sharing how their entrepreneurial journey kicked off as first-year students at Duke and led them to design digital content creator tool Kahana.
  • Fortune featured Faire CFO, Lauren Cooks Levitan ‘87, P‘20, P’24, who shared her tips on storytelling and empowering staff with financial literacy at the billion-dollar online wholesale marketplace.

 

DUKE I&E NETWORK IN THE NEWS: 2023

Duke I&E Network Funding Highlights:

Duke I&E Network Media Highlights:

Duke I&E Network Progress Highlights:

  • UniversalGiving—an award-winning nonprofit that connects volunteers and donors with service opportunities, founded by CEO Pamela Hawley ’91—has partnered with Apple TV+ on its Here to Help support service accompanying dark content.