News about Silicon Valley business almost everyday.
PALO ALTO — Turing, a fast-growing AGI infrastructure company, has secured $111 million in committed capital for its Series E financing at a valuation of $2.2 billion. Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, led the round with participation from WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVP Ventures, […]
LOS ANGELES — Epirus announced an oversubscribed $250 million Series D fundraising round, bringing the company’s total venture funding to more than $550 million and positioning the company to scale production of its Leonidas™ product line to meet growing global demand. Leonidas is a scalable solid-state, high-energy, high-power microwave (HPM) technology for counter-electronics applications that has been proven effective […]
Anthropic has raised $3.5 billion at a $61.5 billion post-money valuation. The round was led by Lightspeed Venture Partners, with participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures and Salesforce Ventures, among other new and existing investors. With this investment, Anthropic will […]
PALO ALTO — Auxia, which operates a Customer Journey Orchestration Platform, has announced $23.5 million in Series A and seed funding to help companies transform how they engage with customers and drive additional revenue. The latest round was led by VMG Technology Partners, with participation from MUFG Innovation Partners (MUIP), Incubate Fund, Vela Partners, Stage […]
SAN FRANCISCO — Regie.ai, which operates a sales platform, has raised a $30 million Series B round co-led by Scale Venture Partners and Foundation Capital, with participation from Khosla Ventures, StepStone Group, TriplePoint Capital, and South Park Commons. With reported 300% Year-over-Year ARR growth, Regie.ai makes sales engagement more efficient for B2B enterprise sales teams. The […]
SAN FRANCISCO — Metronome, a usage-based billing platform, has landed $50 million in Series C funding following an 8x increase in dollars billed on the platform in 2024. Metronome now powers billing for 150 million + end users, processing billions in usage-based revenue. OpenAI, Anthropic, Databricks, Confluent, and NVIDIA rely on Metronome as their growth […]
PALO ALTO — Mimic, an enterprise ransomware defense company, has secured Series A funding of $50 million led by GV (Google Ventures) and Menlo Ventures, with participation from existing investors Ballistic Ventures, Team8, Wing Ventures, and Shield Capital. “The speed of ransomware attacks—often within 90 seconds—leave security teams with no time to respond. Mimic’s SaaS platform […]
SAN FRANCISCO — Loyal, a clinical-stage animal health company developing longevity drugs for dogs, announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness (RXE) section of its conditional approval application for LOY-002. The drug aims to extend the lifespan of senior dogs and maintain their quality of life as […]
SAN MATEO — Verkada, a provider of cloud-based physical security technology has announced a $200 million Series E funding round led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised more than $700 million in funding, and the latest round values the company at $4.5 […]
SAN JOSE — Lambda, the AI Developer Cloud, has raised a $480 million Series D, bringing the total equity capital raised to date to $863 million. The round was co-led by Andra Capital and SGW with participation from new investors Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, and NVIDIA, among […]
SAN FRANCISCO — Baseten, an inference platform for AI-native products, has closed a $75 million Series C round of funding co-led by IVP and Spark with additional participation from Greylock, Conviction, South Park Commons, 01 Advisors and Lachy Groom. The deal brings the company’s total funding to $135 million and follows a year of hypergrowth […]
PALO ALTO — Subsense, Inc., a neurotechnology company developing the first non-surgical, nanoparticle-based Brain-Computer Interface (BCI), has emerged from stealth to formally reveal its efforts in the emerging field of non-invasive brain connectivity. Co-founded by neurotech entrepreneur Tetiana Aleksandrova and serial entrepreneur Artem Sokolov, Subsense has raised $17 million in seed funding led by Sokolov’s […]