News about Silicon Valley business almost everyday.
SUNNYVALE — Euno, a data startup, has raised $6.25 million in seed funding and emerged from stealth to launch a dynamic governance solution for data teams at large and scale-up organizations. Euno’s “soft governance” approach empowers business analysts to innovate freely and leverage their expertise in structured query language (SQL) and business intelligence (BI) tools […]
SAN FRANCISCO — Loyal, a biotech company pioneering longevity drugs for dogs, has successfully completed its Series B funding round, securing $45 million in investment. The round was led by Bain Capital Ventures. This brings total funding raised by Loyal to more than $125 million since its founding in 2019 and includes a $12 million […]
PALO ALTO — Foundry, a new breed of public cloud for AI/ML workloads, has raised $80 million in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful. The round was co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and […]
MOUNTAIN VIEW — Applied Intuition, Inc., a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car […]
REDWOOD CITY — Bear Robotics, a Silicon Valley manufacturer of service robotics and artificial intelligence solutions, has completed a $60 million Series C funding round exclusively led by South Korea’s LG Electronics. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company […]
SOUTH SAN FRANCISCO — Alumis Inc., a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases, has announced an upsized $259 million Series C financing. Alumis plans to use the proceeds of the financing to initiate pivotal Phase 3 clinical trials for its lead candidate […]
SAN MATEO — Openprise, a specialist in revenue operations (RevOps) data automation, has closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Openprise is poised to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive […]
PLEASANTON — Neural Propulsion Systems (NPS), a pioneer in software-defined radar, has secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co., and RTX Ventures, the venture capital arm of RTX. This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, […]
SUNNYVALE — Figure, an AI robotics company developing general purpose humanoid robots, has raised $675 million in Series B funding with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. The new round values Figure at $2.65 billion. In conjunction with this […]
MENLO PARK — RIOS Intelligent Machines, a developer of AI-powered robotics for the manufacturing industry, has announced the successful completion of a $13 million Series B funding round. The funding was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies. Since 2020, Yamaha […]
PALO ALTO — Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, has raised an oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. Two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as […]
SANTA CLARA — Clumio, a provider of data backup and recovery for public cloud customers, has secured $75 million in a Series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. The investment will be used to accelerate the company’s innovation and go-to-market in […]