News about Silicon Valley business almost everyday.
SANTA CLARA — Legion Technologies, an innovator in workforce management (WFM), has received $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The raise, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year. “From the beginning, Legion […]
SAN FRANCISCO — Jiko, a technology platform and bank that provides seamless access to U.S. Treasury bills, has completed a $29 million Series C funding round led by existing investors Upfront Ventures, with the participation from Airbus Ventures, Red River West, Radicle Impact and other undisclosed investors. This latest investment strengthens the company’s operating capital […]
PALO ALTO — Evinced, a software company powering accessible web and mobile development, has raised $55 million in Series C funding, bringing its total funding to-date to $112 million. The round was led by existing investor Insight Partners, a global software investor, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Evinced […]
SAN JOSE — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants. “We are proud to have the ongoing support of a […]
WaveForms AI has raised $40 million in seed funding led by A16z. WaveForms is an Audio Large Language Models (LLMs) research & product company aiming to solve the Speech Turing Test and bring Emotional Intelligence to AI. The company was founded by Alexis Conneau, a world leading Audio and Text LLM researchers and co-creator of […]
BRISBANE — Heirloom, a Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. The round was co-led by Future Positive, and Lowercarbon Capital – which also invested in Heirloom’s Series A. [Photo above: Heirloom’s Direct Air Capture (DAC) facility in Tracy, CA.] A range of new industrial investors, including Japan […]
SOUTH SAN FRANCISCO — Maze Therapeutics, a clinical-stage biopharmaceutical company harnessing the power of human genetics to develop novel, small molecule precision medicines for patients living with renal, cardiovascular, and metabolic diseases, has completed a $115 million Series D financing that included the conversion of issued convertible notes previously purchased by existing investors. The Series […]
SANTA CLARA — Tenstorrent is announcing that it has closed over $693 million in its Series D funding round at a pre-money valuation of $2 billion. Samsung Securities and AFW Partners led the round, which was oversubscribed due to strong demand from investors. Samsung and AFW both have deep relationships with Tenstorrent, and a strong history of investing in […]
SAN FRANCISCO — Wherobots, the Spatial Intelligence Cloud, built by the original creators of Apache Sedona, Mo Sarwat and Jia Yu, announced the closing of a $21.5M Series A funding round to accelerate the delivery of modern solutions that close the intelligence gap between our physical and digital worlds. The round was led by Felicis, […]
SAN FRANCISCO — Cardless, a company specializing in co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors including Mischief (the fund co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless’ total equity funding to date to over $90 million. […]
Anthropic is expanding its partnership with Amazon Web Services (AWS), deepening their work together to develop and deploy advanced AI systems. This expanded partnership includes a new $4 billion investment from Amazon and establishes AWS as Anthropic’s primary cloud and training partner. This will bring Amazon’s total investment in Anthropic to $8 billion, while maintaining […]
SAN FRANCISCO — Flywheel Dynamix (“Flywl”), the first buyer-centric cloud marketplace designed to simplify software acquisition for buyers and help sellers grow revenue faster, has raised $7 million in seed funding. Storm Ventures, Foster Ventures, BeeNex, FeBe, and Teknos Ventures led the round. After operating in stealth mode since August, Flywl is officially launching the […]