Kruze Client Fundraising Activity
Celebrating our clients’ latest funding rounds, strategic acquisitions, and key milestones.
Moonwalk Biosciences Raises $70M Series B
Moonwalk Biosciences is developing first-in-class adipose-targeted RNA interference (RNAi) medicines for obesity and cardiometabolic diseases, targeting adipose tissue through non-appetite-suppressing mechanisms to deliver durable weight loss while preserving lean mass and avoiding the gastrointestinal side effects associated with today's GLP-1 treatments. The $70M Series B, co-led by Alpha Wave Global and YK Bioventures with participation from Eli Lilly, Gaorong Ventures, Arch Venture Partners, and Khosla Ventures, will fund the company's lead candidate MW101 into human clinical testing by the end of 2027. Congratulations to co-founders Alex Aravanis, Feng Zhang, Arash Jamshidi, and Justin Valley, and the entire Moonwalk Biosciences team on this well-earned raise. Kruze provided the startup accounting and tax work behind Moonwalk Biosciences, keeping the financials ready for a team building at the frontier of obesity therapeutics. Kruze Consulting supports Series B biotech companies with GAAP-compliant financial reporting, multi-state tax compliance, R&D credit optimization, and fractional CFO services built for the pace of venture-backed growth.
Frenos Raises $1.52M seed extension
Frenos builds the only fully on-prem AI platform that runs simulated penetration tests inside a digital twin of your OT environment, surfacing the attack paths that actually matter with no hardware, no scanning, and no downtime. The gap they're closing: 12,000 vulnerability findings, 8 an attacker could actually use. Congratulations to founder Brian Proctor and the Charlotte-based team on this milestone.
Emerald AI Raises ~$90M Series A
Kruze provides the startup accounting and tax work behind Emerald AI, keeping the financials ready for founder Varun Sivaram and a company that has moved from seed to nine-figure funding in just over a year. Emerald AI builds the software infrastructure that turns AI data centers into flexible grid assets, letting them dynamically adjust energy consumption in real time to support grid stability without sacrificing compute performance. Backed by Radical Ventures, NVIDIA, Energy Impact Partners, Lowercarbon Capital, John Doerr, Fei-Fei Li, and Jeff Dean, this raise brings total funding to approximately $158M. Congratulations to Varun Sivaram and the entire Emerald AI team on this milestone. Kruze Consulting supports Series A companies with GAAP-compliant financial reporting, multi-state tax compliance, R&D credit optimization, and fractional CFO services built for the pace of venture-backed growth.
Birdai Labs Raises $4M seed round
Birdai Labs is building neutral infrastructure to close the value gap between an order and its fill in onchain markets, starting from decoded transaction data at the base of the chain. As institutions move into digital assets, execution quality and transparency are exactly what they will demand. Congratulations to the entire Birdai Labs team on this milestone.
Neon Commerce Raises $13M Series A
Neon Commerce builds the infrastructure that lets game publishers sell directly to players, handling payments, tax, fraud, compliance, and customer support end to end. The traction speaks for itself: some studios using Neon now generate 50% to 70% of their gross revenue through direct-to-consumer channels. Congratulations to CEO Chris Faught and the entire Neon team on this milestone.
Stainless Joins Anthropic
Stainless has been a pioneer in helping companies build world-class developer interfaces and SDKs. As AI reshapes how software and APIs connect systems and agents, Stainless built the infrastructure that makes that experience seamless. Joining Anthropic marks a major milestone for founder Alex Rattray and the entire team. Congratulations on this exciting next chapter.
MaintainX Joins Autodesk
MaintainX redefined field operations by moving technicians from paper-based processes into a modern, mobile-first workflow management platform. By digitizing work orders and equipment tracking, the company built an invaluable operational system of record for industrial teams. Joining Autodesk brings together design, construction, and physical asset management under one roof. Congratulations to founder and CEO Chris Turlica and the entire MaintainX team on this landmark milestone.
Cinder Raises $41M Series B
Cinder builds the mission-critical infrastructure that helps online platforms detect, manage, and fight back against sophisticated threats. This round will fuel AI agent deployment at scale and expand their team. Congratulations to the entire Cinder team on this milestone.
Our clients don’t just raise capital — they raise it with clean books and audit-ready financials. Kruze handles the accounting, tax, and finance work investors expect to see, so due diligence is never the reason a deal slows down.