News About Companies in Silicon Valley and the Bay Area
BERKELEY — Perfect Day, maker of animal-free dairy products, has announced the expansion of its Series C round to $300 million through a new tranche led by Canada Pension Plan Investment Board (CPP Investments). This follows an initial $140 million C round shared late last year. Over the past several months, the company has doubled […]
SAN FRANCISCO — Fintech company Taulia has announced a new strategic funding round of $60 million led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. The funding will help accelerate growth as the company sets its sights on further global expansion. Taulia helps […]
SOUTH SAN FRANCISCO — Biopharmaceutical company Annexon, Inc., has closed a $100 million financing led by new investor Redmile Group. Additional new investors included funds and accounts managed by BlackRock, Deerfield Management Company, Eventide Asset Management, Farallon Capital Management, Janus Henderson Investors and Logos Capital, who were joined by existing investors Adage Capital Partners, Bain […]
SAN JOSE — Zycada has emerged from stealth to offer what it says is the fastest online shopping experience in the world. Zycada’s new approach improves Time to Interact (TTI) speeds 10 times greater than Amazon, resulting in dramatic gains in online retail revenues and empowering merchants to achieve faster online shopping experiences than Amazon for […]
SAN FRANCISCO and BERLIN — Rasa Technologies, Inc., a company providing the standard infrastructure layer for conversational AI, announced the completion of a Series B financing round totaling $26 million, led by Andreessen Horowitz and including participation from the firm’s Cultural Leadership Fund, a strategic fund designed to bring African American cultural leaders onto the cap tables of […]
SAN FRANCISCO —– Big Health, a developer of digital therapeutics dedicated to helping millions back to good mental health, has raised $39 million in a Series B financing, led by Gilde Healthcare and joined by co-lead Morningside Ventures; existing investors Kaiser Permanente Ventures (KPV) and Octopus Ventures; and Samsung NEXT. Janke Dittmer, general partner at Gilde […]
SAN FRANCISCO — Doordash, the nation’s leading food delivery service, has picked up $400 million in a Series H funding round led by new investors Durable Capital Partners LP and mutual fund giant Fidelity Management & Research Co., as well as existing investors, funds and accounts advised by T. Rowe Price Associates, Inc. The new […]
SAN FRANCISCO — Transcend, which provides data privacy infrastructure that makes it simple to give users control over their personal data, has raised $25 million in Series A funding. Index Ventures led the round alongside Accel, with participation from South Park Commons, Phil Venables (Board Member and former CISO, Goldman Sachs), and Dylan Field (CEO, Figma). Transcend […]
SAN FRANCISCO — Instacart, the nation’s leading grocery delivery service, has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart has become one of the most vital services in the country as millions of Americans […]
SUNNYVALE — Yugabyte, a developer of open source distributed SQL databases, has raised $30 million in an oversubscribed Series B round. The round, led by 8VC, also includes participation from strategic investor Wipro Ventures and existing investors Lightspeed Venture Partners and Dell Technologies Capital. The round brings the company’s total funding to $55 million. Yugabyte […]
SAN FRANCISCO — Mobile banking company Varo Money, Inc. has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and former eBay President Jeff Skoll. Other new investors joining the round include HarbourVest Partners and Progressive Insurance. The investment will […]
SAN FRANCISCO — Arterys, a global medical imaging platform that helps deliver clinical AI products over the internet, has received its seventh USA FDA clearance and announced its latest round of funding — a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation […]
PALO ALTO — Bevy, which operates a customer platform for enterprises, has announced a $15 million Series B investment led by venture capital firm Accel, with participation from existing investors Ryan Smith (co-founder and CEO, Qualtrics), and Upfront Ventures. A recent study revealed that nearly 80% of founders reported building a community of users as important […]
SAN FRANCISCO — Samsara has raised $400 million in equity financing from Alliance Bernstein, Franklin Templeton, General Atlantic, Sands Capital Management, and Warburg Pincus, along with previous investors Andreessen Horowitz, Dragoneer Investment Group, General Catalyst, and Tiger Global. With the new funding, Samsara says it has $600 million of cash on-hand. Samsara provides Internet of […]
SANTA CLARA – Couchbase, the creator of the enterprise-class, multicloud to edge NoSQL database, says it has completed a $105 million all-equity Series G round of fundraising. The round was led by GPI Capital, also included oversubscribed participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners, and Mayfield. […]
PALO ALTO — Confluera, which develops cyber threat detection and response, has raised over $20 million in Series B funding led by Icon Ventures. Harpoon Ventures also joined as a new investor. Icon Ventures’ General Partner, Preeti Rathi, is joining the Confluera board. The company’s existing investors Lightspeed Venture Partners, John W. Thompson and Lane […]
SAN FRANCISCO — Deel, which operates a payroll platform to pay remote workers, has raised a $14 million Series A round led by Andreessen Horowitz. Anish Acharya, a partner at Andreessen Horowitz, is joining Deel’s Board of Directors. The company launched a year ago last June at Y Combinator’s Demo Day. Deel now supports over […]
EMERYVILLE – Octant, Inc., a synthetic biology drug discovery company designing small molecule, multi-target drug leads for multifactorial diseases, has raised $30 million in a Series A financing led by venture capital firm Andreessen Horowitz. Octant is using the funding to further develop its discovery platform, which targets large numbers of G-protein coupled receptors (GPCRs) […]
SAN FRANCISCO — Coalition, a cyber insurance company for small and midsize businesses, announced it has closed a $40 million funding round. Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. Coalition aims to solve cyber risk for all organizations by democratizing access to cybersecurity tools that prevent and mitigate loss, […]
SAN FRANCISCO – ForgeRock, a leading provider in digital identity, has completed a $93.5 million Series E round of fundraising. This latest funding round was led by Riverwood Capital. Existing investors, including Accel, Meritech Capital, Foundation Capital and KKR Growth also participated. ForgeRock has now raised more than $230 million since its founding. Riverwood Capital co-founder and […]
SAN FRANCISCO — Sensor Tower, which provides data on mobile app downloads and purchases, has raised a $45 million investment from private equity firm Riverwood Capital. Sensor Tower partnership with Riverwood Capital Sensor Tower previously raised a total of $1 million in seed investment and has been profitable since its founding in 2013. Sensor Tower says […]
SAN FRANCISCO — Stripe, which provides payment infrastructure for Internet transactions, announced the extension of its Series G round, raising an additional $600 million from investors including Andreessen Horowitz, General Catalyst, GV, and Sequoia. The financing takes place on the same terms and valuation as the Series G. Stripe first announced its series G last […]
MOUNTAIN VIEW — As cities and corporations accelerate their adoption of electric trucks and buses, AMPLY Power, the leader in charging solutions for fleets, has secured $13.2 million in Series A funding from investors led by Soros Fund Management and Siemens. They are joined by existing seed round investors, including Congruent Ventures, PeopleFund, and Obvious Ventures. Sorus Fund is an […]
SAN FRANCISCO — RDMD, a healthcare technology company dedicated to accelerating drug research for patients with rare diseases, has raised $14 million in Series A financing. RDMD has developed an FDA-ready technology platform that generates deep clinical evidence to accelerate rare disease research and drug development, as well as a patient application that empowers patients […]