Daily news about tech companies in Silicon Valley.
Venture capital firm Andreessen Horowitz continues to go big on cryptocurrency, even though Bitcoin has seen a big drop this year along with the overall stock market. Partner Chris Dixon announced that Andreessen Horowitz has raised a new crypto fund totaling $4.5 billion. Of this amount, $1.5 billion will be dedicated to seed investments, and […]
DENVER — Velocity Global, a of global talent solutions, has raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to […]
SAN MATEO — Booster, a company that delivers gas directly to cars and trucks, has raised more than $125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor Ventures, Mitsubishi Corporation and Thayer Ventures. Renewable Energy Group (REG), a producer of low-carbon renewable fuels, also increased […]
BURLINGAME — Imply Data, Inc., a company founded by the original creators of Apache Druid, has landed $100 million in Series D financing, which values the company at $1.1 billion. This investment round was led by Thoma Bravo with participation from OMERS Growth Equity, both new investors. Existing investors Bessemer Venture Funds, Andreessen Horowitz and […]
SAN FRANCISCO — StartPlaying, the largest online platform to find tabletop role-playing games and professional Game Masters, has landed a $6.5 million seed round led by venture capital firm Andreessen Horowitz general partners Jonathan Lai and Andrew Chen. The funds will go towards scaling marketing to reach new players, broadening StartPlaying’s network of industry partnerships, and hiring top talent. […]
SAN FRANCISCO — Bravado, a professional network for B2B sales, has raised $26 million in Series B funding led by Tiger Global. The round included community participation from 250 Chief Revenue Officers and VPs of Sales, along with angel investors like Zynga founder Mark Pincus, Lenny Rachitsky and the Airbnb alumni syndicate, Packy McCormick, and Sahil Bloom. Existing investors Redpoint […]
SAN FRANCISCO — Credo AI, the company behind the world’s first Responsible AI (RAI) Governance Platform, has closed a $12.8 million Series A financing round led by Sands Capital, with follow-on investments from existing investors Decibel and AI Fund. Enterprises today are struggling to adapt to emerging AI governance regulations, benchmarks and standards for implemented AI […]
SAN JOSE — Concentric Inc., a vendor of intelligent AI-based solutions for protecting business-critical data, has raised $14.5 million in Series A funding. Led by Ballistic Ventures, a new VC firm solely dedicated to advising and funding early-stage cybersecurity startups, this investment targets the $19 billion market for data security, access governance, and loss prevention. […]
SAN FRANCISCO — Lang.ai has completed a $10.5 million Series A round led by Nava Ventures with participation from new and existing investors including Oceans Ventures, Forum, Flexport Fund, as well as industry leaders – Mike Murchison (CEO of Ada), Joaquim Lecha (CEO of Typeform) and Javier Mata (CEO of Yalo), senior engineering and sales […]
PALO ALTO — Deserve, a fintech company expanding and powering the real-time credit card economy, has secured a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve’s digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from […]