Daily news about tech companies in Bay Area
SAN FRANCISCO — Benchling, developer of the R&D Cloud powering the biotechnology industry, has raised $100 million in Series F funding at a $6.1 billion valuation. The round was co-led by new investor Franklin Templeton and existing investor Altimeter Capital, and joined by new investors Tiger Global and Lone Pine Capital, as well as other existing investors. Benchling plans to use […]
SAN FRANCISCO — Render, which operates a Zero DevOps Cloud Platform, has closed its $20 million Series A investment round led by Addition, with participation from existing investors General Catalyst and the South Park Commons. This brings Render’s total funding to $26.75 million. Render offers a Zero DevOps Cloud Platform to developers and companies like Anker, Cypress.io, and Clearbit, helping […]
REDWOOD CITY — Plant-based food maker Impossible Foods has secured $500 million in its latest funding round, led by existing investor Mirae Asset Global Investments with participation from other existing investors. Impossible Foods is now the fastest-growing plant-based meat company in retail, outpacing the next 10 leading plant-based meat companies combined, according to custom IRI […]
SAN FRANCISCO — Kettle, a reinsurance startup that uses advanced deep learning to better protect people from the growing risks associated with climate change, has raised a $25 million Series A funding round led by Acrew Capital, with participation from Homebrew, True Ventures, Anthemis, Valor, DCVC, and LowerCarbon Capital. Kettle is bringing advanced technology to the $400 billion-a-year reinsurance […]
SAN FRANCISCO — Deliverr, an e-commerce fulfillment and technology company that provides fast and affordable fulfillment services to e-commerce merchants on marketplace platforms like Shopify, Walmart, Amazon, eBay, Target, and others, has raised $250 million in a Series E fundraising round led by new investor Tiger Global. Existing investors, 8VC, Activant, GLP, Brookfield Technology Partners, […]
SAN FRANCISCO — Niantic Inc., a game maker best known for Pokemon Go and developer of the world’s first and only planet-scale AR platform, announced that Coatue has made a $300 million investment in the company at a valuation of $9 billion. Niantic will use the funds to invest in current games and new apps, […]
SAN FRANCISCO — Cortex announced it has raised $15 million in Series A funding co-led by Tiger Global and Sequoia Capital. The funding round also includes technology investors, founders, and business leaders participating, including Silicon Valley angel, Gokul Rajaram; co-founder and CEO of Front, Mathilde Collin; and CEO of Snyk, Peter McKay. Cortex’s service catalog is the […]
SAN FRANCISCO — Luma Health, a leading patient engagement platform, has announced a $130 million Series C funding round led by FTV Capital, a sector-focused growth equity investment firm, with participation from existing investors. This latest round brings Luma Health’s total funding raised to $160 million. Luna Health reports 2x growth year over year since the company’s […]
SAN FRANCISCO — Vercel, a platform to develop, preview and ship websites, from single static pages to apps with billions of dynamic pages, and creator of Next.js, the leading React and JavaScript framework for frontend web development, has secured $150 million in Series D funding at a $2.5 billion valuation. The round was led by GGV […]
SAN FRANCISCO — Bitrise, a Mobile DevOps company that works with more than 6,000 mobile organizations to get apps to market faster and smarter, has closed a $60 million Series C funding round. The round was led by New York-based private equity and venture capital firm Insight Partners, and was joined by existing investors including Partech, Open […]