News about Silicon Valley business almost everyday.
SAN FRANCISCO — Arkestro, a Predictive Procurement Platform accelerating enterprise spend transformation, has landed a strategic investment totaling $36 million. The investment was led by Altira Group and Aramco Ventures, with participation from existing investors NEA, KDT, and Activant. The investment will accelerate Arkestro’s ongoing innovation in AI-powered procurement technology, advancing its mission to help enterprises unlock hidden savings, reduce […]
SAN JOSE — Theom, the first AI-native Data Operations Center (DOC) platform that automates AI & data governance and security, has raised $20 million in Series A funding. The round was led by Wing VC, with participation from Sentinel One, Snowflake and Databricks. The new capital will be used to accelerate product development, scale go-to-market operations, and expand […]
SOUTH SAN FRANCISCO — Atlas Data Storage, Inc., a technology company building end-to-end DNA data storage, announced the close of a $155 million seed financing and the acquisition of technology assets from Twist Bioscience. The seed financing investors are ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry, In-Q-Tel (IQT), and other […]
ROSEVILLE — RightRev, a provider of automated revenue management, has announced the close of a $13 million Series A funding round, bringing total funding to over $31 million. The investment was co-led by Cheyenne Ventures and Innovius Capital, with notable participation from several repeat investors, including Norwest Venture Partners, Salesforce Ventures and Snowflake Ventures. This investment follows RightRev’s recent […]
SAN FRANCISCO — WisdomAI is officially launching from stealth with $23 million in funding led by Coatue Ventures, with participation from Madrona, GTM Capital, The Anthology Fund and a number of prominent angel investors. WisdomAI offers innovative business insight agents that empower organizations with advanced decision-making capabilities. Founded by AI experts that have built market defining companies that […]
SAN FRANCISCO — Carta Healthcare, a provider of AI-powered clinical data abstraction, has secured $18.25 million in Series B1 financing. This investment will accelerate the company’s growth as demand surges among health systems and life sciences organizations for AI-driven innovation that transforms clinical data into valuable insights. The investment was led by UPMC Enterprises, with participation […]
PLEASANTON — Supabase, an open-source Database-as-a-Service (DBaaS) company, has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed. This latest round follows Supabase’s $30 million Series A round announced in September 2021, and brings the Company’s total capital raised to $116 million. Supabase’s platform enables developers to rapidly develop products without worrying about […]
SAN FRANCISCO — Persona, a leading verified identity platform, has announced a $200 million Series D funding round, bringing the company’s valuation to $2 billion. The round was co-led by Founders Fund and Ribbit Capital, with participation from existing investors including BOND, Coatue, First Round Capital, and Index Ventures and Chemistry. AI, fraud, and fragmentation are redefining online identity […]
SAN FRANCISCO — Plenful, an AI workflow automation platform modernizing healthcare operations, has secured a $50 million Series B funding round. The round is co-led by Mitchell Rales, co-founder of Danaher Corporation, who also joins Plenful’s board and Arena Holdings, with participation from Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures, and other leading investors. This brings […]
SAN FRANCISCO — Doppel, an AI-powered social engineering defense platform, is announcing a Series B funding round after a year of rapid growth following its Series A, bringing the total amount raised to $54.4 million. The Series B round of $35 million at $205 million valuation is led by Bessemer Venture Partners, along with additional […]
Global VC investment surged from $118.7 billion in Q4’24 to a ten-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in deal value was largely driven by a series of […]
SAN FRANCISCO — Windfall Data, a provider of people intelligence and AI-workflow solutions, has closed a $65 million Series B equity raise led by the investment funds managed by Morgan Stanley Expansion Capital. The funding will be used enable to make investments in product development and sales growth. Windfall has now raised over $100 million in external […]