News about Silicon Valley business almost everyday.
SAN JOSE — Elisity, a specialist in identity-based microsegmentation, has raised $37 million in Series B funding from global software investor Insight Partners. Elisity will use the new funds to extend its platform’s artificial intelligence (AI) capabilities, fully leveraging organizations’ device identity data to anticipate and pre-empt emerging cyber threats and establish unprecedented control over […]
PALO ALTO — StrongDM, the Zero Trust privileged access company, has closed a $34 million Series C funding round led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, as well as existing investors including GV, Sequoia Capital, and True Ventures. This investment underscores StrongDM’s commitment to reshaping enterprise […]
PALO ALTO — Mimic, the ransomware defense company, has emerged from stealth and has secured a seed round of funding of $27 million led by Ballistic Ventures, with investment from Menlo Ventures, Team8, Wing Venture Capital and Shield Capital. Mimic also announced today that Ted Schlein, General Partner at Ballistic Ventures and long-time partner at Kleiner Perkins, […]
SAN FRANCISCO — Transcarent, which operates a healthcare platform, has scored a $126 million Series D investment led by General Catalyst and 7wireVentures, joined by new investors Geodesic Capital and Memorial Hermann Health System, with support from previous investors Threshold Ventures, Kinnevik, Ally Bridge Group, Human Capital, Merck Global Health Innovation Fund, Alta Partners, and […]
SAN FRANCISCO — Movement Labs, a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital. The funding will support the company’s mission to bring Facebook’s Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput. The investment round saw participation from venture capital firms including Hack VC, Placeholder, […]
SUNNYVALE — Chemix, a company using AI to develop next-gen EV batteries, has completed $20 million in Series A funding. The round was led by Ibex Investors with participation from Mayfield Fund, Berkeley SkyDeck, and Urban Innovation Fund. The round also included strategic investors including BNP Paribas Solar Impulse Venture Fund (SIVF), Global Brain’s KDDI […]
DALY CITY — PinkDx, Inc., an early-stage company focused on positively impacting the health of women, has launched with $40 million in Series A financing. The company will use the funds to pursue its vision of identifying unmet medical needs that are unique to women, addressing them with scientific rigor, and providing answers that have an […]
SAN FRANCISCO — Rippling announced it has raised $200 million in new financing, and signed agreements with investors to repurchase up to $590 million of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation from Founders Fund, Greenoaks, and other existing investors. Dragoneer is joining the round […]
SAN FRANCISCO — JUICER, a provider of restaurant revenue management and pricing solutions, has completed a $5.3 million seed round led by York IE. Restaurants are undergoing a profound shift, becoming an e-commerce category thanks to the rise of delivery and digital customer engagement. In this new world, traditional pricing and promotions no longer suffice. […]
SAN FRANCISCO — Clazar, a company powering software businesses to sell and grow revenue through cloud marketplaces (AWS, Azure, and GCP), has raised a $10 million Series A funding round led by Ridge Ventures and Ensemble VC, with participation from Saurabh Gupta, Managing Partner at DST Global, and existing investors including The General Partnership and […]
REDWOOD CITY — Quilt, a smart home climate solution company, has raised $33 million Series A funding round co-led by Energy Impact Partners and Galvanize Climate Solutions, with participation from Lowercarbon Capital, Gradient Ventures, MCJ Collective, Garage Capital, Incite Ventures, and Drew Scott from HGTV’s Property Brothers. Quilt was founded because 20% of U.S. global […]
SAN FRANCISCO — Avive Solutions, Inc., a developer of the world’s most advanced connected automated external defibrillator (AED) – the Avive Connect AED – announced the closing of a $56.5 million growth equity financing. The round was led by Questa Capital, Laerdal Million Lives Fund (LMLF), and Catalyst Health Ventures, and welcomed several new investors including RC […]