News about Silicon Valley business almost everyday.
SAN FRANCISCO — Connect The Dots, a network intelligence platform that uses AI to map and manage career-long professional relationships, has connected with a $15 million Series A funding round led by Norwest Venture Partners, with participation from existing investors Cloud Apps Capital Partners and Velvet Sea Ventures. This round brings Connect The Dots’ total funding to […]
SOUTH SAN FRANCISCO — Freenome, a privately held biotech company, has landed a Series D funding of $300 million. This brings the company’s total financing to over $800 million since the company was founded in 2014. This round was led by Perceptive Advisors and RA Capital Management, joined by existing investors including a16z Life Sciences Growth Fund, the […]
SAN FRANCISCO — The EVERY Company (formerly Clara Foods), developer of animal-free protein, has closed $175 million in Series C financing. The round was co-led by new investor, McWin, and existing investor, Rage Capital. Other new and existing investors joined the round including Temasek, Grosvenor’s Wheatsheaf Group, and TO Ventures. Prosus Ventures also contributed to the […]
SAN FRANCISCO – Hummingbird RegTech, a provider of risk and compliance technology, announced the company has raised $30 million in Series B funding. The raise brings the company’s total funding to $41.8 million, and comes on the heels of Hummingbirds $8.2 million Series A in 2020. Hummingbird is designed to enhance anti-money laundering and counter-terrorist financing investigations. […]
SAN FRANCISCO – Heap, a digital insights platform, has closed $110 million Series D round at a $960 million valuation. The funding will be used to scale Heap’s global operations and accelerate research and development of the industry’s most advanced digital analytics platform for product builders, growth marketers, and fast-moving analytics teams. Sixth Street Growth […]
PALO ALTO — Silicon Valley law firm Wilson Sonsini Goodrich & Rosati has elected 23 new partners from its attorney ranks. The promotions will go into effect on February 1, 2022. For over 60 years, Wilson Sonsini has been a leading provider of legal services for technology startups in Silicon Valley. “Our class of partner-elects […]
NEWARK — Luxury electric car maker Lucid Motors has won the prestigious 2022 MotorTrend Car of the Year award for Lucid Air, the first time in which the first car from a new automotive brand has been awarded the “Golden Calipers.” “Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement […]
SAN MATEO — Celigo, an Integration Platform as a Service (iPaaS) provider for the mid-market, has raised $48 million in Series C funding to optimize end-to-end business automation for mid-market companies. The company will use the funds to increase its go-to-market capacity and accelerate global expansion. The funding round was led by OMERS Growth Equity and joined by NewSpring Capital. “For too long, […]
SAN FRANCISCO — FastAF Technologies, Inc. (FastAF), which helps retailers deliver products directly to customers, has closed a Series A investment round that values the company at $200 million. Investors in this round include Luxor Capital, Interlace Ventures, EQT Ventures, PivotNorth Capital, Daversa Partners, former Benchmark venture partner and current Adobe CPO Scott Belskey, founder […]
SAN FRANCISCO — TrueNorth, a Y Combinator graduate that operates a business platform for independent truckers, has secured $50 million in a Series B funding round led by early-stage investors Lachy Groom and Sam, Max, and Jack Altman. Other investors include the Flexport Fund, Tribe Capital, Original Capital, K5 Global, 137 Ventures, and Fifth Down Capital, among […]
SANTA CLARA — Americans will have a better chance to find a home in 2022, but will face a competitive seller’s market as first-time buyer demand outmatches the inventory recovery, according to the Realtor.com 2022 Housing Forecast. The median home price is expected to rise 2.9% next year but rents are projected to go up even higher […]
SAN FRANCISCO — Simplified, an AI-powered content creation, and marketing platform that’s looking to take on Canva, announced an $8.5 million seed funding round led by Craft Ventures with participation from Khosla Ventures and Wing Venture Capital. The round also included investors Uncorrelated Ventures, 8-Bit Capital, Mads Johnsen (CPO, Calm), Manik Gupta (Corporate Vice President, Microsoft) Ankur Nagpal (Founder of Teachable, […]