Venture Capital

SAN MATEO — Observe Inc., an AI-powered observability company, has closed $156 million in a Series C funding round led by Sutter Hill Ventures with participation from Madrona Ventures, Alumni Ventures, Snowflake Ventures and Capital One Ventures. Over the past year, Observe says it has tripled its revenue and doubled its enterprise customer base, achieving an […]

PALO ALTO — xLight, a company building the world’s most powerful lasers, has closed an oversubscribed $40 million Series B equity raise. The round was led by Playground Global, an early-stage venture capital firm investing in entrepreneurs who have developed breakthroughs in frontier technologies, and joined by Boardman Bay Capital Management, a leading investment manager […]

SAN FRANCISCO — Cascade Space, a platform for end-to-end communication system design, test, and operation, has raised $5.9 million in seed funding. The round included participation from Nova Threshold, Undeterred Capital, Y Combinator, Night Capital, Olive Capital, Valkyrie Ventures, Karman Ventures, Palm Drive Capital, Garage Capital, TRAC, Aurelia Foundry, Hawktail, MGV.VC, Pioneer Fund, Liquid 2 […]

Zip, which operates an agentic procurement orchestration platform, celebrated its fifth anniversary by unveiling expanded offices in San Francisco and New York to accommodate rapid workforce growth driven by unprecedented enterprise adoption. The company has grown from 250 to over 500 employees in the past year alone while securing Global 2000 customers across every major […]

SAN FRANCISCO — Vanta, an AI-powered trust management platform, today has raised a $150 million Series D funding round at a $4.15 billion valuation. The round was led by new investor Wellington Management, and included existing investors, Growth Equity at Goldman Sachs Alternatives, Sequoia, J.P. Morgan, Craft Ventures, Y Combinator, Atlassian Ventures and CrowdStrike Ventures. […]

SAN FRANCISCO — Armada has announced a $131 million strategic funding round with new strategic investors including Pinegrove, Veriten, and Glade Brook as well as participation from existing investors including Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12 (Microsoft’s Venture Fund), Overmatch, Silent Ventures, Felicis, and Marlinspike. This latest investment round coincides with the launch of Leviathan, a […]

SAN FRANCISCO — Bedrock Robotics, a company developing advanced autonomous systems for the $13 trillion global construction industry, has emerged from stealth with $80 million in Seed and Series A backing. Rather than design and sell costly new machinery, Bedrock upgrades customers’ existing heavy equipment fleets with reversible, same-day hardware and software installs to enable fully autonomous operations. With […]

SAN MATEO — Parspec, an AI-native software platform that enables wholesale distributors and sales agents to efficiently bid and supply construction products,  has raised $20 million in Series A funding. The round was led by Threshold Ventures (formerly DFJ), with participation from existing venture investors including Innovation Endeavors, Building Ventures, Heartland Ventures, and Hometeam Ventures. The global construction industry […]

SAN FRANCISCO — Levelpath, an AI-native procurement platform, has landed $55+ million in Series B funding led by Battery Ventures, bringing the total raised to $100 million. The new capital accelerates Levelpath’s mission to reinvent how global enterprises manage procurement, typically the second-largest operational expense after payroll. Other investors participated in the funding round as […]

SAN FRANCISCO — Phil, a software-driven pharmaceutical commercialization platform, has announced a $60 million growth debt financing from K2 HealthVentures (K2HV), a healthcare and life sciences-focused investment firm. The funding will accelerate the integration of artificial intelligence across Phil’s platform and support continued customer expansion across a broad range of therapeutic areas. Since its Series D financing […]

SAN FRANCISCO — MaintainX, a leading maintenance and asset management platform, has reeled in $150 million in Series D funding. Key investors in this round include Bessemer Venture Partners, Bain Capital Ventures (BCV), D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital, as well as angel investors […]