News about Silicon Valley business almost everyday.
Rippling — operator of a human resources platform — has raised $450 million in new financing and signed agreements to repurchase up to $200 million of equity from current and former employees. The financing includes investment from Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator, along with participation from existing […]
SAN FRANCISCO — StackHawk, the shift-left API security platform, has taken on $12 Million in additional funding from Sapphire and Costanoa Ventures to help security teams keep up with the pace of AI-driven development. With this funding, StackHawk will expedite shipping products and features that make it simple for modern teams embracing AI-driven development to scale safely, especially […]
MOUNTAIN VIEW — Samaya AI, an expert artificial intelligence platform for financial services, has scored $43.5 million in financing, led by NEA (New Enterprise Associates), with participation from leaders in technology and financial services, including Eric Schmidt (former CEO of Google), Yann LeCun (AI Turing Award winner), David Siegel (Co-founder Two Sigma), and Marty Chavez […]
SAN FRANCISCO — Cognichip, a company pioneering Artificial Chip Intelligence (ACI) to power the future of semiconductor design, has launched out of stealth with $33 million in seed funding. Led by Lux Capital and Mayfield, with support from FPV and Candou Ventures, Cognichip is pioneering the first physics-informed foundational model (PIFM) for semiconductors, designed to […]
SUNNYVALE — Avicena, a developer of ultra-low power high-density microLED-based interconnects, has raised $65 million in Series B Funding, bringing the total capital raised to $120 million. The round was led by Tiger Global with participation from new and existing investors including Maverick Silicon, Prosperity7 Ventures, Venture Tech Alliance, SK hynix, Cerberus Capital Management, Hitachi […]
SAN FRANCISCO — Arkestro, a Predictive Procurement Platform accelerating enterprise spend transformation, has landed a strategic investment totaling $36 million. The investment was led by Altira Group and Aramco Ventures, with participation from existing investors NEA, KDT, and Activant. The investment will accelerate Arkestro’s ongoing innovation in AI-powered procurement technology, advancing its mission to help enterprises unlock hidden savings, reduce […]
SAN JOSE — Theom, the first AI-native Data Operations Center (DOC) platform that automates AI & data governance and security, has raised $20 million in Series A funding. The round was led by Wing VC, with participation from Sentinel One, Snowflake and Databricks. The new capital will be used to accelerate product development, scale go-to-market operations, and expand […]
SOUTH SAN FRANCISCO — Atlas Data Storage, Inc., a technology company building end-to-end DNA data storage, announced the close of a $155 million seed financing and the acquisition of technology assets from Twist Bioscience. The seed financing investors are ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry, In-Q-Tel (IQT), and other […]
ROSEVILLE — RightRev, a provider of automated revenue management, has announced the close of a $13 million Series A funding round, bringing total funding to over $31 million. The investment was co-led by Cheyenne Ventures and Innovius Capital, with notable participation from several repeat investors, including Norwest Venture Partners, Salesforce Ventures and Snowflake Ventures. This investment follows RightRev’s recent […]
SAN FRANCISCO — WisdomAI is officially launching from stealth with $23 million in funding led by Coatue Ventures, with participation from Madrona, GTM Capital, The Anthology Fund and a number of prominent angel investors. WisdomAI offers innovative business insight agents that empower organizations with advanced decision-making capabilities. Founded by AI experts that have built market defining companies that […]
SAN FRANCISCO — Carta Healthcare, a provider of AI-powered clinical data abstraction, has secured $18.25 million in Series B1 financing. This investment will accelerate the company’s growth as demand surges among health systems and life sciences organizations for AI-driven innovation that transforms clinical data into valuable insights. The investment was led by UPMC Enterprises, with participation […]
PLEASANTON — Supabase, an open-source Database-as-a-Service (DBaaS) company, has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed. This latest round follows Supabase’s $30 million Series A round announced in September 2021, and brings the Company’s total capital raised to $116 million. Supabase’s platform enables developers to rapidly develop products without worrying about […]