Venture Capital

Breakout Ventures Hires Five New Partners

SAN FRANCISCO — Breakout Ventures, which invests in creative bioscience entrepreneurs, is welcoming five new venture partners. These industry leaders will lend their experience to diligence new investments and advise Breakout’s portfolio companies on product development and commercialization strategy. “We’ve had the pleasure of knowing these founders and advisors for many years and are delighted […]

Venture Capital

inDrive Secures Additional $150 Million From General Catalyst

MOUNTAIN VIEW — inDrive, a leading global mobility and urban services platform, has expanded its financing arrangement with General Catalyst to $300 million, up from the initial $150 million secured in 2023. The financing extension, which can be further extended for an additional year, enhances inDrive’s financial flexibility, enabling the company to bolster growth, invest […]

Venture Capital

Buzz Solutions Raises $5 Million

PALO ALTO — Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, has closed a $5 million round of growth funding. GoPoint Ventures led the round, with additional participation from Blackhorn Ventures and MaC Venture Capital. The investment follows a period of significant acceleration in customer adoptions as utilities are demanding more efficient and accurate T&D infrastructure inspections and […]

Venture Capital

Euno Emerges From Stealth With $6.25 Million

SUNNYVALE — Euno, a data startup, has raised $6.25 million in seed funding and emerged from stealth to launch a dynamic governance solution for data teams at large and scale-up organizations. Euno’s “soft governance” approach empowers business analysts to innovate freely and leverage their expertise in structured query language (SQL) and business intelligence (BI) tools […]

Venture Capital

Loyal Lands $45 Million

SAN FRANCISCO — Loyal, a biotech company pioneering longevity drugs for dogs, has successfully completed its Series B funding round, securing $45 million in investment. The round was led by Bain Capital Ventures. This brings total funding raised by Loyal to more than $125 million since its founding in 2019 and includes a $12 million […]

Venture Capital

Foundry Finds $80 Million in Seed and Series A Funding

PALO ALTO — Foundry, a new breed of public cloud for AI/ML workloads, has raised $80 million in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful. The round was co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and […]

News Venture Capital

Applied Intuition Valued at $6 Billion With $250 Million Series E

MOUNTAIN VIEW — Applied Intuition, Inc., a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car […]

Venture Capital

LG Leads $60 Million Investment in Bear Robotics

REDWOOD CITY — Bear Robotics, a Silicon Valley manufacturer of service robotics and artificial intelligence solutions, has completed a $60 million Series C funding round exclusively led by South Korea’s LG Electronics. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company […]

Venture Capital

Alumis Lands $259 Million Series C

SOUTH SAN FRANCISCO — Alumis Inc., a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases, has announced an upsized $259 million Series C financing. Alumis plans to use the proceeds of the financing to initiate pivotal Phase 3 clinical trials for its lead candidate […]

Venture Capital

Openprise Scores $25 Million Series B

SAN MATEO — Openprise, a specialist in revenue operations (RevOps) data automation, has closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Openprise is poised to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive […]

Venture Capital

Neural Propulsion Systems Completes $17.5 Million Series B

PLEASANTON — Neural Propulsion Systems (NPS), a pioneer in software-defined radar, has secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co., and RTX Ventures, the venture capital arm of RTX. This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, […]

News Venture Capital

Figure Valued at $2.65 Billion With $675 Million Round

SUNNYVALE — Figure, an AI robotics company developing general purpose humanoid robots, has raised $675 million in Series B funding with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. The new round values Figure at $2.65 billion. In conjunction with this […]