News about Silicon Valley business almost everyday.
SAN FRANCISCO — LightSource Labs Inc., an AI-native enterprise procurement platform, has emerged from stealth and announced $33 million in seed and Series A funding at a $130 million valuation. The round was co-led by Lightspeed Venture Partners and Bain Capital Ventures, with participation from J2 Ventures. The platform is designed to modernize both strategic […]
SAN FRANCISCO — Goodfire, an AI interpretability research company, has landed a $50 million Series A funding round led by Menlo Ventures with participation from Lightspeed Venture Partners, Anthropic, B Capital, Work-Bench, Wing, South Park Commons, and other notable investors. This funding, which comes less than one year after its founding, will support the expansion of […]
SAN MATEO — Hammerspace, a high-performance Data Platform for AI, announced that several strategic venture investors have invested $100 million in new strategic growth capital. Altimeter Capital and ARK Invest are among the investors. The remainder of the funding round was filled out by a combination of new and existing investors. Data performance has evolved […]
MENLO PARK — Mainspring Energy Inc. has secured $258 Million in a Series F financing round to expand the company’s linear generator power business and operations as it grows in both manufacturing and customer sales. The company also has added two Board members with deep energy and tech industry operating experience – Tom Linebarger, former Chairman and […]
SAN FRANCISCO — Tessell, a multi-cloud database-as-a-service (DBaaS) that enables enterprises and startups to accelerate database, data, and application modernization journeys at scale, has locked in a $60 million Series B funding round, bringing total funding to $94 million. The round was led by WestBridge Capital, with continued strong participation from Lightspeed Venture Partners and new investments […]
SAN FRANCISCO — Groundcover, an eBPF-driven observability platform for modern architectures, has raised $35 Million in Series B funding led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This brings the company’s total funding to $60 Million USD, which will be used to aggressively expand in the USA, where it has seen success […]
MOUNTAIN VIEW — Nuro, Inc., a developer of autonomous driving technology, has raised $106 million so far in its ongoing Series E funding round, which values the company at $6 billion. The round includes participation from new and returning investors, as well as strategic partners. Investors include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management […]
PALO ALTO — NEC X, the Silicon Valley venture studio backed by Japan’s NEC Corporation, has announced a strategic investment in SeafoodAI, an innovative startup revolutionizing sustainable seafood with real-time biometric data and AI-powered traceability. The announcement coincides with SeafoodAI’s graduation from NEC X’s Elev X! Ignite program. The amount invested was not disclosed. SeafoodAI addresses […]
SAN FRANCISCO — Plaid, a data network that connects banks and apps, has raised $575 million led by mutual fund managers Franklin Templeton and Fidelity Management and Research. Other participants in the round include existing Plaid investors NEA and Ribbit Capital. The company says proceeds of this round will be used to address employee tax […]
SAN FRANCISCO — Octane has secured $6.75 million in a Seed funding round co-led by Archetype and Winklevoss Capital. The round also included participation from Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners and strategic angels including Balaji Srinivasan, Sina Habibian, and many others. Octane is an AI cybersecurity startup using machine learning to identify and fix vulnerabilities in blockchain […]
SAN FRANCISCO — Rescale, a digital engineering platform built for the future of innovation and scientific discovery, has secred a $115 million Series D with participation from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator bringing total funding raised […]
REDWOOD CITY — Solace, a digital health platform that connects patients with expert health advocates, has closed a $60 million Series B funding round. Founded in 2022, Solace was built to fix a broken system and improve health outcomes by prioritizing humans at the center of healthcare. This funding round validates the founding thesis that […]