News about Silicon Valley business almost everyday.
PALO ALTO — Character.AI has closed a $150 million Series A fundraising round at a $1 billion valuation led by Andreessen Horowitz (a16z) with participation from previous investors, including Nat Friedman (former GitHub CEO), Elad Gil, SV Angel and A Capital. Andreessen Horowitz General Partner Sarah Wang will join Character.AI’s board of directors. The funds […]
SANTA CLARA – EdgeQ Inc, a provider of 5G wireless infrastructure, has secured a $75 million Series B investment round as well as the appointment of Lattice Semiconductor CEO and President, Jim Anderson, to the company’s Board of Directors. EdgeQ plans to use the funding to ramp production of its award-winning 5G + AI “Base Station-on-a-Chip” to […]
MENLO PARK — Autotech Ventures, an early-stage venture capital firm that focuses on solving the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in Seed through Series C rounds for mobility-related startups. Autotech says it has over $500 million under management and has invested […]
SANTA CLARA — Volumez, a cloud infrastructure company, has completed a $20 million Series A financing round led by Koch Disruptive Technologies, with participation from existing investors, Viola Ventures and Pitango. The company’s controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy […]
EMERYVILLE — Covariant, an AI Robotics company, has raised an additional $75 million in Series C funds, bringing its total funding to $222 million. Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners. The round also welcomed new […]
SUNNYVALE — env0, a provider of Infrastructure as Code (IaC) workflow automation and management software, has secured an additional $18.1 million of funding to conclude its Series A investment round with a total of $35.1 million. The company said it grew by 450% in FY 2022, signing a number of new customers including MGM Resorts […]
SAN FRANCISCO — Anvil, a paperwork automation platform, has raised a $5 million Series A extension, for a total $10 million Series A with participation from Craft Ventures and Gradient Ventures. Anvil enables businesses working with documents to be data- companies. Paperwork is at the core of business transactions; every day millions of forms and documents are shared, filled out, signed, […]
SAN JOSE – Graphiant, a provider of next-generation edge services, has closed a $62 million Series B funding round. The round brings the company’s total funding to $96M. The funding will be used to enable continued growth as Graphiant’s next-gen architecture gains momentum. The round was led by Two Bear Capital with participation from Sequoia […]
SAN FRANCISCO — CIBC Innovation Banking has provided $40 million in growth capital financing to Viz.ai. The funding will help expand the company’s AI-powered care coordination platform and potential acquisitions. Viz.ai uses artificial intelligence to expedite disease detection, inform critical care decisions and help improve patient care. The Viz.ai AI-powered platform helps connect and activate […]
PALO ALTO — Workera, an operator of a skills intelligence platform, has closed a $23.5 million Series B financing led by Jump Capital with participation from existing investors NEA, Owl Ventures, AI Fund, and new investor Sozo Ventures. Workera enables companies to better understand and develop their talent. By providing a deep understanding of an organization’s skills, Workera’s skills intelligence platform empowers leaders to […]
SAN FRANCISCO — Revolv, a full-service provider of electric medium-to-heavy commercial fleets, announced it has closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management. With the investment, Revolv plans to expand its operations across North America to support the growing demand for decarbonized commercial fleets with light, medium and heavy-duty trucks. The company […]
SAN JOSE — Revelstoke Security, creators of the first Security Orchestration, Automation and Response (SOAR) platform built on a Unified Data Layer, has closed $20 million in Series B funding. The round was co-led by SYN Ventures and ClearSky Security, with contributions from Rally Ventures, and Crosslink Capital. Revelstoke is the first cybersecurity automation company to build a SOAR solution using a […]