News about Silicon Valley business almost everyday.
SAN FRANCISCO — Wonolo, an online platform that’s trying to disrupt the temporary staffing industry, has raised a $138 million growth round, led by Leeds Illuminate with participation from 137 Ventures and G2 Venture Partners. Franklin Templeton also came in on the round. This latest round brings Wonolo’s total venture funding to over $200 million. “As labor shortages continue, workers […]
CAMPBELL — Saama Technologies, Inc. announced funds led by global investment firm Carlyle have made a strategic growth investment and will acquire a majority stake in the Company. A broad co-investor group with several healthcare-focused venture funds, including Amgen Ventures, Intermountain Ventures, Merck Global Health Innovation Fund (“Merck GHI”), McKesson Ventures, Northpond Ventures, Pfizer Ventures, […]
SAN FRANCISCO and ANKARA, TURKEY — Picus Security, the pioneer of Breach and Attack Simulation (BAS) technology, announced the completion of its $24 million Series B funding round. The investment is led by Turkven with participation from existing investor, Earlybird Venture Capital, as well as cyber security veteran, Nathan Dornbrook. The round brings Picus’ total funding to $33 million and will be used […]
PALO ALTO — SkyHive, the SaaS platform providing workforce transformation and labor market development guidance, has announced a $40 million Series B investment round led by Eldridge, with participation from other investors Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City. Recently recognized by The World Economic Forum as a 2021 […]
FREMONT — Weee!, the largest and fastest-growing ethnic e-grocer in North America, announced the acquisition of RICEPO, an online Asian food delivery company based in Silicon Valley. The move will bolster Weee!’s growing demands of customers nationwide seeking diverse and authentic food-at-home options, from groceries to restaurant meals. Terms of the deal weren’t disclosed. Weee! continues […]
SAN MATEO – Openprise, a developer of RevOps automation solutions for automating marketing and sales processes, has secured $16 million in an over-subscribed Series A investment round led by SIG Asia Investment, an affiliate of the Susquehanna International Group, with new investments from Banyan Pacific Capital, and Citta Capital. Existing investors Alumni Ventures and AI […]
PALO ALTO — Skyflow, a customer data privacy company, announced a $45 million Series B financing round. Led by New York-based Insight Partners, and joined by strategic investors focused on fintech, digital health, and API-first companies. With this new investment, Skyflow has raised over $70 million in the last 18 months. Also investing in […]
SAN FRANCISCO — Deel, a remote hiring company, has raised $425 million in Series D funding, taking the total amount raised by the company to over $630 million. The latest funding round values the company at $5.5 billion. Deel has become the highest valued company in the global hiring, payments, and compliance space with this […]
SAN FRANCISCO — Culture Biosciences, a company enabling biotech firms to develop and scale manufacturing processes in the cloud, announced a Series B financing of $80 million led by Northpond Ventures. Synthesis Capital also participated in the round. Existing investors Cultivian Sandbox Ventures, The Production Board, Craft Ventures, E14 Fund, Box Group, Verily Life Sciences, and Section 32 […]
REDWOOD CITY — Spacelift has raised $15 million in Series B funding led by Insight Partners to scale its management platform for Infrastructure as Code in the US market. Existing investors Blossom Capital, Inovo Venture Partners, and Hoxton Ventures also participated in the round. This new investment will allow Spacelift to quadruple its engineering team […]
SAN FRANCISCO — Weights & Biases, operator of a developer-first MLOps platform, has closed a Series C funding round of more than $100 million giving the company a $1 billion valuation, from new investors Felicis Ventures and BOND as well as existing investors Insight Partners and Coatue. Weights & Biases (W&B) provides a best-in-class developer-first […]
SAN FRANCISCO — Hubilo, a global virtual events platform, announced a $125 million Series B funding round led by Alkeon Capital and additionally, Lightspeed Venture Partners and Balderton Capital. The new fund will h development of the future of events and engagement on Hubilo’s platform. This brings the company’s total funding to $153 million to date in less than 18 months. The […]