News about Silicon Valley business almost everyday.
SUNNYVALE — AI-enabled healthcare automation provider Syllable has landed a $40 million Series C funding round to improve the patient experience with intelligent voice solutions for health system call centers and medical practice offices. Funding was led by TCV with participation from existing investors Oak HC/FT, Section32, and Verily and will be used to further […]
SAN JOSE — Mendel, a clinical artificial intelligence and natural language processing platform, has raised $40 million in Series B funding round led by Oak HC/FT. The round includes participation from existing investor DCM, who led Mendel’s Series A funding round in June 2021. This funding comes amidst surging customer demand for Mendel’s AI infrastructure. […]
BERKELEY — UPSIDE Foods (formerly Memphis Meats), a company in the cultivated meat, poultry, and seafood industry, has closed a $400 million Series C funding round, the largest round in the industry to date. This new raise places the company’s valuation at over $1 billion. Pending regulatory review, UPSIDE Foods hopes to be available to […]
SAN FRANCISCO — Unlearn, developer of the first machine-learning technology that creates digital twins of patients in clinical trials to enable smaller, faster studies, has closed a $50 million Series B funding round. The financing was led by Insight Partners with participation from new investor Radical Ventures, as well as all of the company’s existing […]
PALO ALTO — Jobox.ai, a software company that provides home service marketplaces with an AI-based infrastructure to directly connect their customers with skilled trades professionals (“pros”), has secured a $42 million Series B funding round led by General Catalyst. Additional investments came from new and existing investors including Resolute VC, NNS, Expanding Capital and Joey […]
SANTA CLARA — Strivr, a platform for enterprise-scale Virtual Reality (VR) solutions, announced that Accenture and Workday Ventures have made strategic investments as part of the company’s latest funding round. As an extension to its Series B round, this $35 million round is being led by Georgian, with participation of additional new investors including Bank […]
MILPITAS – GridX, an enterprise rate platform provider to modern utilities and energy technology companies, has closed $40 million in Series C funding led by Energy Impact Partners (EIP). Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board of directors. GridX also announced that Chris Black has been appointed […]
REDWOOD CITY — Twingate, a cybersecurity company implementing Zero Trust security, has secured $42 million in Series B funding. The round was led by BOND, with participation from existing investors WndrCo, 8VC, and SignalFire. The latest investment brings Twingate’s total funding to $67 million. With this new funding, Twingate plans to rapidly scale its operations to meet […]
SAN FRANCISCO – Lilt, operator of a global experience platform, has raised $55 million in Series C funding, bringing the company’s total raised to $92.5 million. The round was led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures, and with participation from existing investors Sequoia Capital, Intel Capital, Redpoint […]
SAN FRANCISCO – Arena – a communication software platform to enable real-time conversations and encourage customer engagement – announced a $13.6 million Series A round led by CRV with Craft Ventures, Artisanal Ventures and Vela Partners also participating. Angel investors participating in this round include Datadog founder Olivier Pomel and CPO Amit Agarwal, Intercom founder […]
PALO ALTO — Surf Bio, Inc., a biopharmaceutical company commercializing a novel drug stabilization platform, has landed a $16 million Series Seed round of funding. The financing was co-led by Breakout Ventures and the Perceptive Xontogeny Venture Fund (“PXV Fund”). The company plans to use the funds to advance its polymer-based drug delivery platform and […]
FOSTER CITY — Conversica, Inc., a provider of Conversational AI solutions for enterprise revenue teams, has completed a $25 million financing with investment funds managed by Morgan Stanley Expansion Capital. Conversica will use the capital to support strategic business initiatives as it prepares for growth. “Today, AI is more than a technology. It’s an essential […]