News about Silicon Valley business almost everyday.
REDWOOD CITY – AutoGrid Systems Inc, a Virtual Power Plant provider, announced an $85 million new round of funding to accelerate energy transition through adoption of electric vehicles, battery storage and renewables generation. SE Ventures, a $500 million fund established by Schneider Electric led the Series D-2 round. Other major funding came from new investors, which […]
MOUNTAIN VIEW — Reliable Robotics, a developer of automated aircraft systems, has reeled in a $100 million Series C funding round led by Coatue Management. Coatue joins past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures to bring total fundraising over $133 million. With its innovative airframe independent technology, Reliable’s Remotely Operated […]
SAN FRANCISCO – Outschool has landed a $110 million Series D funding round with a $3 billion valuation. Outschool offers live online education experiences that connect real-life teachers with learners in small-group settings to explore everything from Minecraft, Pokemon and Cooking to Chemistry, Algebra and Literature. Outschool offers over 100,000 online classes. Classes on Outschool […]
SAN FRANCISCO — Flux, makers of the first fully collaborative, in-browser platform for electronics design and engineering, has raised $12 million in a round led by Outsiders Fund. Additional investors include Bain Capital Ventures, 8VC, Liquid2VC; as well as investors such as Tom Preston Werner, Founder and Former CEO of GitHub. The funding will […]
REDWOOD CITY — Zūm, a company that is modernizing school bus transportation, has secured $130 million in Series D funding led by Softbank Vision Fund 2, with participation from existing investors including Sequoia and BMW i Ventures. Andrew Straub of Softbank Investment Advisers will join the board of directors. Zum’s comprehensive bus service is designed to transport students […]
PALO ALTO — Plume announced it has closed $300 million in a new round led by SoftBank Vision Fund 2. This round brings the company’s valuation to $2.6 billion, with $697 million raised to date. The investment will continue to drive research and development, sales and marketing, new partnerships, and acquisitions as Plume continues its global expansion and hyper-growth. Plume […]
REDWOOD CITY — Dexterity, a maker of intelligent robotic systems for logistics, warehouses, and supply chain, has raised an additional $140 million in Series B equity funding and debt. Major existing investors Lightspeed Venture Partners and Kleiner Perkins expanded their commitment to Dexterity by leading the Series B, with additional participation from Obvious Ventures, B37 […]
MOUNTAIN VIEW — Lark Health has closed a $100 million Series D funding round led by Deerfield Management Company. The funding round also includes crossover fund PFM Health Sciences, as well as returning investors Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Marvell Technology cofounder Weili Dai. Lark has raised over $185 million in equity and […]
SAN FRANCISCO — DeepSight Technology has landed a $25 million Series A funding round led by Deerfield Management Company, a healthcare investment firm, with additional funding from Wing, Alter Venture Partners, and Time BioVentures “We are excited to be on the frontier of advancing medical imaging,” said founder and CEO Nader Sadrzadeh. “Based on internal studies, […]
SAN FRANCISCO — Honor Technology, Inc., the world’s largest senior care network and technology platform, has raised $70 million in Series E funding and $300 million in debt financing. The round brings Honor’s total equity funding to date to $325 million and values the company at over $1.25 billion. Honor recently acquired global home care provider Home Instead. Honor’s technology and operations platform, paired […]
SAN FRANCISCO — BetterUp, a provider of virtual professional coaching for large businesses, has closed $300 million in Series E fundraise. This round brings the company’s valuation to $4.7 billion and total funding to $600 million, making BetterUp the largest mental health and coaching company in the world. The round follows BetterUp’s $125 million Series […]
SAN FRANCISCO — Kentik, which helps companies monitor their networks, has closed a $40 million Series C funding round led by existing investor Third Point Ventures. Investors from prior rounds – August Capital, Tahoma Ventures, DCVC, Engineering Capital and Vistara Growth – were joined by new investors Golub Capital, Gaingels and Delta-v Capital to complete […]