Venture Capital

Parspec Locks In $11.5 Million Seed Round

PALO ALTO — Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, has raised an oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. Two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as […]

Venture Capital

Clumio Scores $75 Million Series D

SANTA CLARA — Clumio, a provider of data backup and recovery for public cloud customers, has secured $75 million in a Series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. The investment will be used to accelerate the company’s innovation and go-to-market in […]

Venture Capital

PermitFlow Lands $31 Million Series A

MILPITAS — PermitFlow has landed a $31 million Series A round led by Kleiner Perkins with participation from Felicis, Altos Ventures, Initialized Capital, Y Combinator, and leading ConTech, workflow software, and AI angel investors. PermitFlow’s mission is to transform the way construction projects transition from concept to reality, starting with the permitting process. In the face of housing shortages, crumbling infrastructure, […]

Venture Capital

Highway 9 Networks Emerges From Stealth With $25 Million

SANTA CLARA — Highway 9 Networks has launched from stealth, introducing the industry’s first mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise. Developed by veteran leaders from VMware, the Highway 9 Mobile Cloud enables voice + data coverage everywhere, reliable and high-performance mobile connectivity for AI-driven use cases like robotics, factory […]

Venture Capital

Synadia Secures $25 Million Series B

SAN MATEO — Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will […]

Venture Capital

Cancer Detection Platform Freenome Raises $254 Million

SOUTH SAN FRANCISCO — Freenome, a biotechnology company developing blood tests for early cancer detection, announced the addition of $254 million from new and existing investors. The funding enables Freenome to advance the pipeline of single-cancer and tailored multi-cancer early detection tests built on its multiomics platform. Roche led the financing, joined by a16z Life […]

Venture Capital

Decarbonization Partners Leads $150 Million Round in Antora Energy

SUNNYVALE — Antora Energy, a leader in zero-emissions industrial heat and power, raised a $150 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek. This financing round will enable Antora to ramp production of its factory-made thermal batteries to deliver billions of dollars of zero-emissions energy to industrial customers. […]

Venture Capital

Empowerly Turns On $15 Million Financing

SAN FRANCISCO — Empowerly, a data-driven education technology company that provides personalized college and career guidance, has raised a $15 million financing round led by Conductive Ventures. The new funding will be used to continue expanding Empowerly’s college counseling services with a focus on building out its artificial intelligence and machine learning product optimizations, such […]

Venture Capital

Recogni Recognizes $102 Million Funding

SAN JOSE — Recogni, Inc., a leader in AI-based computing, announced the closing of $102 million in Series C funding, co-led by Celesta Capital and GreatPoint Ventures. Existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated. Joining the round are new investors Pledge Ventures and Tasaru Mobility Investments, a company […]

Venture Capital

Bosch, Molex Lead $22.6 Million Extension in Point2 Technology

SAN JOSE –– Point2 Technology, a provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, has announced a $22.6 million Series B extension from Bosch Ventures, a leader in deep tech investments, and Molex, a global electronics leader and connectivity innovator, with participation from other investors. This Series B extension validates the demand for Point2’s technology in […]

Venture Capital

Arch Raises $6.2 Million in Seed Funding

SAN FRANCISCO — Arch, operator of a data intelligence platform for HVAC contractors, has raised $6.2 million in seed funding from Gigascale Capital, Coatue, Floodgate, ReGen Ventures, and MCJ Collective. The investment comes as a fast-growing majority of Americans want to electrify their homes amid a shortage of installers and high upfront costs. Arch aims to ease both […]

Venture Capital

Lambda Lands $320 Million Series C

SAN JOSE — Lambda, a cloud company founded by AI engineers and powered by NVIDIA GPUs, has landed a $320 million Series C led by Thomas Tull’s US Innovative Technology with participation from new investors B Capital, SK Telecom, funds and accounts advised by T. Rowe Price Associates, Inc., and existing investors Crescent Cove, Mercato […]