News about Silicon Valley business almost everyday.
SAN FRANCISCO — Cherubic Ventures has completed the venture capital firm’s Fund V at $110 million, with a total of over $400 million in committed capital under management. Operating under a multi-market, “First check” strategy, the VC firm saw two IPOs and one major acquisition in 2021, doubling its number of successful unicorns from the previous […]
SAN FRANCISCO — Zumper, a privately owned rental marketplace, is launching short-term rental listings. The company has also raised a $30 million Series D funding extension with a total of $178 million raised to date. Work from anywhere has prompted a cultural shift in day-to-day life and is just one example of how the pandemic accelerated […]
SAN FRANCISCO – Zilliz, a vector database company and the inventor of Milvus, has raised a $60 million extension to its initial $43 million Series B. Prosperity7 Ventures led the round, with participation from existing investors Temasek’s Pavilion Capital, Hillhouse Capital, 5Y Capital, and Yunqi Capital. This brings total investment in the company to $113 […]
SAN FRANCISCO — Pomelo has raised a Series Seed of $20 million in venture capital and $50 million in warehouse facility for a total of $70 million in seed financing, and is the first company to combine credit and international money transfer. Pomelo also announced its official launch and availability to serve its first corridor, the Philippines. Keith Rabois at Founders Fund as […]
Crunchbase, the leading data source for companies receiving funding, has raised $50 million for its own site in a Series D round led by Alignment Growth with existing investors Mayfield Fund, OMERS Ventures, and Emergence also participating. San Francisco-based Crunchbase was spun out from tech news site TechCrunch in 2015. The company says it has transitioned to […]
SAN FRANCISCO – OpenSpace, a specialist in 360° jobsite capture and AI-powered analytics, has added $9 million in additional strategic capital for its Series D round first announced in March, bringing the total raised to $111 million. The investment comes from funds managed by existing investors Taronga Ventures and GreenPoint Partners. The investment will be […]
SAN FRANCISCO — Nightfall AI, which operates a cloud data loss prevention platform, has closed $40 million in Series B funding. This new round was led by WestBridge Capital, with participation from Next Play Capital and existing investors Bain Capital Ventures, Venrock, Pear VC, and several professional athletes and influencers including Paul Rudd, Drew Brees, […]
SAN FRANCISCO — Expedock, a company using AI in the international freight software industry, has announced $13.5 million in Series A funding, bringing the company’s total amount raised to $17.5 million. Insight Partners led the round, with participation from Motion Ventures as well as existing investors Pear and Neo and executives from Project 44, Salesforce, Meta, eBay, […]
SAN FRANCISCO — Truework, a company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders, has raised $50 million in Series C funding. Leading the Series C round was G Squared, with returning investors Sequoia Capital, Activant Capital, and Khosla Ventures also participating. New investors include Indeed, Human Capital, and Four […]
MOUNTAIN VIEW — AvicenaTech Corp., a developer of microLED-based chip-to-chip interconnects, has secured $25 million in Series A funding from Samsung Catalyst Fund, Cerberus Capital Management, Clear Ventures, and Micron Ventures to drive the development of products based on Avicena’s breakthrough photonic I/O solution. “We believe that Avicena technology can be transformational in unlocking compute-to-memory […]
BERKELEY — Terabase Energy has announced a $44 million Series B financing co-led by Breakthrough Energy Ventures (founded by Bill Gates) and Prelude Ventures with additional participation by SJF Ventures and other existing investors. The round brings Terabase’s total funding to $52 million and will be used to support the company’s mission to reduce the cost and increase the scalability of solar by building […]
BERKELEY — Carmot Therapeutics, Inc., a clinical-stage biotechnology company applying its proprietary drug discovery platform, Chemotype Evolution, to discover and develop disease-modifying therapies in metabolic disease and cancer, has closed a $160 million Series D financing. The funding will support the completion of phase 2 studies for CT-388, a once weekly, dual modulator of the […]