News about Silicon Valley business almost everyday.
MOUNTAIN VIEW — Groq, a leader in fast AI inference, has secured a massive $640 million Series D round giving the company a valuation of $2.8 billion. The round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and […]
SAN FRANCISCO — Abnormal Security, a provider of AI-native human behavior security, announced the close of its Series D funding round, with total expected proceeds of $250 million at a $5.1 billion valuation. The current round brings the total expected proceeds to $546 million and is led by Wellington Management, with participation from existing investors Greylock […]
PALO ALTO — DevRev, an AI-native platform that unifies customer support and product development, has completed a $100.8 million Series A funding round, bringing its valuation to $1.15 billion. This funding milestone includes investments accumulated over the past three years, culminating in this round. The company is backed by prominent investors such as Khosla Ventures, […]
SANTA CLARA — Aurascape AI, a cybersecurity company, has closed an oversubscribed $12.8 million seed funding round, led by Mayfield Fund. Other investors and shareholders included Celesta Capital, StepStone Group and AISpace, as well as several industry leaders including Mark McLaughlin, former Chairman and CEO of Palo Alto Networks. Aurascape is poised to transform cybersecurity […]
SAN FRANCISCO — Neon, a serverless Postgres database built for developers, has landed a $25.6 Million strategic investment led by M12, Microsoft’s Venture Fund. Follow-up participation includes existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital. This latest investment brings Neon’s total funding to $130.6 million since its founding in 2021. “Postgres is […]
LOS ALTOS — With $10 million in seed funding from Accel and CRV, Napkin.ai is pioneering Visual AI that brings impact and fun into business storytelling. Designed for the millions of professionals, writers, educators, and content creators who are in the business of selling ideas, Napkin.ai helps you unlock the visual potential in your text content. “With the […]
PALO ALTO — Anjuna, creator of Anjuna Seaglass, the Universal Confidential Computing Platform, has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led by M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, SineWave Ventures, and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based […]
SAN FRANCISCO — Venture capital firm venBio has closed venBio Global Strategic Fund V (“venBio Fund V”), its fifth life sciences venture capital fund, exceeding its target and closing on approximately $528 million in capital commitments. The firm initiated the fundraise for Fund V in mid-April. Limited partners of Fund V include a broad range […]
OAKLAND – Unspun, an industry leader in 3D weaving technology, announced $32 million in an oversubscribed Series B funding round led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV. The funding will fuel the rapid scaling of unspun’s innovative 3D weaving technology, Vega—designed to help brands realize a low-inventory, nearshore and automated supply-chain for woven […]
PLEASANTON, CA, and ZURICH, Switzerland – Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence […]
MOUNTAIN VIEW — Applied Intuition, a Silicon Valley-based vehicle software supplier for automotive, trucking, construction, mining, agriculture and other industries, has closed a secondary round of over $300 million and welcomes Fidelity Management & Research Company as a new investor. Existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. As part of the secondary sale, investors […]
SAN JOSE — DreamBig Semiconductor Inc., a developer of high-performance accelerator platforms utilizing its industry-leading Chiplet Hub with 3D HBM,has scored a $75 million equity funding round. This round was co-led by the Samsung Catalyst Fund and the Sutardja Family. New investors include Samsung, Hanwha Next Generation Opportunity Fund, Event Horizon, and Raptor, alongside continuing contributions from […]