News about Silicon Valley business almost everyday.
SAN FRANCISCO — Rhythms, an AI-powered enterprise productivity startup, has landed $26 million in seed funding, co-led by Greenoaks and Madrona with participation from Accel, Cercano (formerly Vulcan), and Founders’ Co-op, all of which were also investors in his previous venture, Ally.io, which was acquired by Microsoft in 2021. Rhythms is developing a first-of-its-kind AI-powered […]
SAN FRANCISCO — Pachama, a technology company on a mission to solve climate change by restoring nature, has extended its Series B round to include an additional $9 million in new equity capital. The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital, the corporate venture capital […]
MENLO PARK — Ajax Health announced the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and […]
SAN JOSE — Aviz Networks, a provider of open networking software for cloud-scale infrastructures serving telecom and enterprises, has added Cisco Investments to its latest funding round, joining existing investors, Moment Ventures, Accton and Wistron. This funding round, now reaching $10 million, will accelerate customer momentum for Aviz’s multi-vendor, GenAI-based networking stack along with adoption […]
PALO ALTO — ArmorCode, a specialist in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has closed a $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. Venture firm HighlandX led the round, joined by NGP Capital, along with participation from existing investors […]
Apple ranks as the No. 1 Best Global Brand for the 11th consecutive year according to consulting firm Interbrand. Interbrand has unveiled its Best Global Brands 2023 ranking, revealing many of the world’s top 100 brands are in a state of stagnation. The rate of growth in the overall brand value of the table slowed […]
SAN JOSE — Kognitos, a provider of generative AI for business automation, has closed a $20 million Series A round led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures. The new funding brings the company’s venture capital raised to date to $30 million including a seed round that closed earlier […]
PALO ALTO — Pika, an AI video platform that is redesigning the video-making and editing experience, has raised a Series A funding round of $35 million, led by Lightspeed Venture Partners. Pika has now raised a total of $55 million in the company’s first six months with Pre-Seed and Seed rounds led by Nat Friedman […]
REDWOOD CITY — CoordinateHQ, a project management system for client service organizations, announced the closing of a $5.5 million seed round. The funding was led by Initialized Capital, with investments from Webb Investment Network and a number of angel investors. Too often, professional services companies rely on a patchwork of static tools to collaborate. CoordinateHQ removes […]
HOLLISTER, CA — ZeroAvia, which is developing hydrogen-electric aircraft engines, has completed its Series C funding round at a total of $116 million. The company has operations in Hollister and England. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the […]
SAN FRANCISCO — Leap, a virtual power plant (VPP) platform, has secured additional equity financing from Presidio Ventures, bringing Leap’s total B-EXT funding to $16 million after a round announced in July 2023. “Leap has experienced rapid growth this year, surpassing 175,000 meters and over 975 megawatts of load on our VPP platform,” said Leap Co-Founder […]
SAN FRANCISCO — LucidLink, which allows instant access to data and real-time collaboration for companies, has raised $75 million in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space. Major existing investors, including Headline, Baseline Ventures, and Adobe Ventures, also participated. Over the […]