Venture Capital

LG Leads $60 Million Investment in Bear Robotics

REDWOOD CITY — Bear Robotics, a Silicon Valley manufacturer of service robotics and artificial intelligence solutions, has completed a $60 million Series C funding round exclusively led by South Korea’s LG Electronics. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company […]

Venture Capital

Alumis Lands $259 Million Series C

SOUTH SAN FRANCISCO — Alumis Inc., a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases, has announced an upsized $259 million Series C financing. Alumis plans to use the proceeds of the financing to initiate pivotal Phase 3 clinical trials for its lead candidate […]

Venture Capital

Openprise Scores $25 Million Series B

SAN MATEO — Openprise, a specialist in revenue operations (RevOps) data automation, has closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Openprise is poised to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive […]

Venture Capital

Neural Propulsion Systems Completes $17.5 Million Series B

PLEASANTON — Neural Propulsion Systems (NPS), a pioneer in software-defined radar, has secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co., and RTX Ventures, the venture capital arm of RTX. This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, […]

News Venture Capital

Figure Valued at $2.65 Billion With $675 Million Round

SUNNYVALE — Figure, an AI robotics company developing general purpose humanoid robots, has raised $675 million in Series B funding with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. The new round values Figure at $2.65 billion. In conjunction with this […]

Venture Capital

RIOS Intelligent Machines Completes $13 Million Series B

MENLO PARK — RIOS Intelligent Machines, a developer of AI-powered robotics for the manufacturing industry, has announced the successful completion of a $13 million Series B funding round. The funding was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies. Since 2020, Yamaha […]

Venture Capital

Parspec Locks In $11.5 Million Seed Round

PALO ALTO — Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, has raised an oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. Two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as […]

Venture Capital

Clumio Scores $75 Million Series D

SANTA CLARA — Clumio, a provider of data backup and recovery for public cloud customers, has secured $75 million in a Series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. The investment will be used to accelerate the company’s innovation and go-to-market in […]

Venture Capital

PermitFlow Lands $31 Million Series A

MILPITAS — PermitFlow has landed a $31 million Series A round led by Kleiner Perkins with participation from Felicis, Altos Ventures, Initialized Capital, Y Combinator, and leading ConTech, workflow software, and AI angel investors. PermitFlow’s mission is to transform the way construction projects transition from concept to reality, starting with the permitting process. In the face of housing shortages, crumbling infrastructure, […]

Venture Capital

Highway 9 Networks Emerges From Stealth With $25 Million

SANTA CLARA — Highway 9 Networks has launched from stealth, introducing the industry’s first mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise. Developed by veteran leaders from VMware, the Highway 9 Mobile Cloud enables voice + data coverage everywhere, reliable and high-performance mobile connectivity for AI-driven use cases like robotics, factory […]

Venture Capital

Synadia Secures $25 Million Series B

SAN MATEO — Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will […]

Venture Capital

Cancer Detection Platform Freenome Raises $254 Million

SOUTH SAN FRANCISCO — Freenome, a biotechnology company developing blood tests for early cancer detection, announced the addition of $254 million from new and existing investors. The funding enables Freenome to advance the pipeline of single-cancer and tailored multi-cancer early detection tests built on its multiomics platform. Roche led the financing, joined by a16z Life […]