Venture Capital

Khosla Ventures Leads $30 Million Round in Anrok

SAN FRANCISCO — Anrok, a global sales tax platform for software companies, has raised $30 million in a Series B funding round led by Khosla Ventures, with participation from Sequoia Capital, Index Ventures, and others including Karen Peacock, former CEO of Intercom, David Faugno, former CFO of Qualtrics and current president of 1Password, Alex Estevez, […]

Venture Capital

Simbian.ai Emerges From Stealth With $10 Million

MOUNTAIN VIEW — Simbian has emerged from stealth mode with oversubscribed $10 million seed funding to deliver on fully autonomous security. As a first step towards that goal, the company is introducing the industry’s first GenAI-powered security co-pilot that integrates secure and intelligent AI solutions into diverse IT environments to maximize coverage and expedite resolutions […]

Venture Capital

Coalesce Closes $50 Million Series B

SAN FRANCISCO – Coalesce.io, a data transformation company, announced that it has closed $50 million in Series B funding to drive growth and platform innovation. Industry Ventures and Emergence Capital led the round with participation from 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Ventures, bringing the company’s total funding to $81 million. “We’ve had a front-row seat to […]

Venture Capital

Burnbot Reels in $20 Million

SAN FRANCISCO — BurnBot has raised $20 million in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. The round was led by ReGen Ventures, with participation from Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital and Pathbreaker Ventures. As the frequency and severity of wildfires increase, preventing mass devastation requires scalable, fuels treatment for brush clearance, prescribed […]

News NVIDIA Venture Capital

Lambda Lands $500 Million for NVIDIA-Powered Cloud-Based AI

SAN JOSE — Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, has secured a special purpose GPU financing vehicle of up to $500 million to fund the expansion of its on-demand cloud offering. The financing was led by Macquarie Group with participation from Industrial Development Funding (“IDF”), and follows […]

News Venture Capital

Aerospike Closes $109 Million in Funding From Sumeru

MOUNTAIN VIEW — Aerospike, Inc. has closed a $109 million growth investment from Sumeru Equity Partners with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI solutions, including vector and graph […]

News Venture Capital

Amazon Completes $4 Billion Investment in Anthropic

Anthropic announced it is using Amazon Web Services (AWS) as its primary cloud provider for mission critical workloads, including safety research and future foundation model development. Anthropic will also use AWS Trainium and Inferentia chips to build, train, and deploy its future models and has made a long-term commitment to provide AWS customers around the world […]

News Venture Capital

Tony Xu of Doordash Invests in PipeDreams

SAN FRANCISCO — PipeDreams, a tech-enabled home services provider, has landed $25.5 million in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M. Angel investors include Tony Xu, the founder and CEO of DoorDash; Thomas Layton, the founder of CitySearch, former CEO of OpenTable, and Chairman of UpWork; […]

News Venture Capital

Extropic Emerges From Stealth With $14.1 Million

SAN FRANCISCO — Extropic, a pioneer in physics-based computing, has emerged from stealth mode and announced the release of its Litepaper, which outlines the company’s revolutionary approach to AI acceleration through thermodynamic computing. Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic […]

Venture Capital

Breakout Ventures Hires Five New Partners

SAN FRANCISCO — Breakout Ventures, which invests in creative bioscience entrepreneurs, is welcoming five new venture partners. These industry leaders will lend their experience to diligence new investments and advise Breakout’s portfolio companies on product development and commercialization strategy. “We’ve had the pleasure of knowing these founders and advisors for many years and are delighted […]

Venture Capital

inDrive Secures Additional $150 Million From General Catalyst

MOUNTAIN VIEW — inDrive, a leading global mobility and urban services platform, has expanded its financing arrangement with General Catalyst to $300 million, up from the initial $150 million secured in 2023. The financing extension, which can be further extended for an additional year, enhances inDrive’s financial flexibility, enabling the company to bolster growth, invest […]

Venture Capital

Buzz Solutions Raises $5 Million

PALO ALTO — Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, has closed a $5 million round of growth funding. GoPoint Ventures led the round, with additional participation from Blackhorn Ventures and MaC Venture Capital. The investment follows a period of significant acceleration in customer adoptions as utilities are demanding more efficient and accurate T&D infrastructure inspections and […]