SANTA CLARA — The U.S. rental market is booming. Rental prices hit double-digit growth for the first time in two years in August and grew three times faster than in March 2020 (prior to the onset of COVID), according to the Realtor.com Monthly Rental Report. Rents posted double-digit gains over last year in more than half of the 50 largest […]
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Glean Emerges From Stealth Armed With $55 Million
PALO ALTO — Glean has emerged from stealth with the debut of an intuitive work assistant to address the ubiquitous problem for knowledge workers: finding the right information, the right teammate, or the right insights to get things done at work. At its core, Glean delivers a powerful, unified search experience that indexes dozens of […]
Tomo Credit Closes $10 Million Series A
SAN FRANCISCO – TomoCredit, a fintech company offering a credit card focused on building a credit history for first-time borrowers, has landed a $10 million Series A funding round led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. This comes on the heels of TomoCredit raising $7 million […]
California Cowboy Scores $2 Million Seed Round
SAN FRANCISCO — California Cowboy, a new apparel brand that created the concept of ‘social-technical apparel,’ has closed a $2 million seed funding round led by venn growth partners. California Cowboy has created a new line of clothing designed to inspire after-sport social interaction, with the belief that neither fashion nor technology are doing for us what they […]
Varo Bank Closes Gigantic $510 Million Round
SAN FRANCISCO — Varo Bank, N.A., the first all-digital, nationally chartered bank in the US, has closed a massive $510 million oversubscribed funding round. The round was led by new investor Lone Pine Capital, who was joined by dozens of new investors including Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and funds and accounts managed […]
StreamNative Lands $23 Million Series A
SAN FRANCISCO — StreamNative, a unified messaging and streaming platform founded by the original developers of Apache Pulsar, has raised $23 million in its Series-A round led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, and followed by their seed investors. The company provides a platform to enable companies to manage the entire […]
Softbank Leads $125 Million Round in Pacaso
SAN FRANCISCO — Pacaso, a real estate service that helps people buy and co-own a second home, announced $125 million in Series C funding led by SoftBank Vision Fund 2, bringing the company’s valuation to $1.5 billion and total equity funding to more than $215 million. Additional funding was provided by Fifth Wall and Gaingels. The round also included participation […]
LevaData Locates $47 Million Series C
SAN JOSE — LevaData, a supply management software company that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing and accelerate new product development, announced it raised $47 million in Series C funding. This strategic investment, led by Banneker Partners with participation from its pre-existing investor, Tola Capital, comes after the company […]
Andreessen Horowitz Leads $300 Million Round in SpotOn
SAN FRANCISCO — SpotOn, a software and payments company with solutions for restaurants and retail businesses, has landed $300 million in Series E funding, raising its valuation to $3.15 billion. The funding will be used to acquire Appetize, an LA-based digital and mobile commerce platform for enterprise businesses, such as sports and entertainment venues, theme […]
Palo Alto Networks Launches Cybersecurity Device for Home Users
SANTA CLARA — Cybersecurity firm Palo Alto Networks has unveiled Okyo Garde, an enterprise-grade cybersecurity solution delivered through a premium mesh-enabled Wi-Fi 6 system. The device will provide security to home-based workers and small businesses where the workplace is as likely to be a kitchen table or spare bedroom as an office cubicle. Okyo Garde combines […]
AV8 Ventures Launches $180 Million Fund Backed by Allianz
PALO ALTO – AV8 Ventures has launched its second fund with $180 million backed by German financial services giant Allianz. AV8 is an early-stage investor that funds entrepreneurs who are commercializing emerging technologies in AI-driven health, mobility and enterprise. AV8 Ventures has invested in 20 companies with a focus on the US since its launch […]
Vouch Closes $90 Million in New Funding
SAN FRANCISCO — Vouch, a provider of business insurance for startups, has closed $90 million in new funding and announced it is the preferred business insurance provider to Brex, Carta, and WeWork customers. Vouch has also closed on $90 million of new funding, established its own authorized insurance carrier, and also expanded its line of […]