News about Silicon Valley business almost everyday.
National restaurant chain Chipotle Mexican Grill has formed Cultivate Next, a new venture fund which intends to make early-stage investments into companies that further Chipotle’s mission to Cultivate a Better World. The aim of Cultivate Next is to support seed to Series B stage companies that can accelerate the Company’s strategic priorities such as running […]
Global venture capital investment during Q1’22 reached $144.8 billion, higher than all, but the four consecutive record-breaking quarters seen during 2021 – making for a robust result, despite the decline, according to the KPMG’s Venture Pulse report, covering Q1’2022. The quarterly report, published by KPMG Private Enterprise, analyses key VC deals and trends globally in key jurisdictions […]
SAN FRANCISCO — Synthesis AI, a developer of synthetic data technologies to build advanced computer vision AI models, has closed $17 million in Series A financing led by new investor 468 Capital, with additional participation from Sorenson Ventures and Strawberry Creek Ventures and existing investors, Bee Partners, PJC, iRobot Boom Capital and Kubera Venture Capital. The latest round brings Synthesis AI’s total funding to over $24 million. […]
SAN FRANCISCO — Pando, which operates a career progression platform, has raised a total of $6.9 million led by Craft Ventures with participation from Lerer Hippeau, GFC, Correlation Ventures, and additional strategic investors including Jane Alexander CMO at Carta, Ashkay Kothari COO at Notion, and Des Traynor Co-founder at Intercom. The new funds will be used to […]
SANTA CLARA –Ayar Labs, which specializes in chip-to-chip optical connectivity, has secured $130 million in additional financing led by Boardman Bay Capital Management to drive the commercialization of its optical I/O solution. Hewlett Packard Enterprise (HPE) and NVIDIA also participated in this investment round, joining existing strategic investors Applied Ventures LLC, GlobalFoundries, Intel Capital, and […]
SUNNYVALE — AI-enabled healthcare automation provider Syllable has landed a $40 million Series C funding round to improve the patient experience with intelligent voice solutions for health system call centers and medical practice offices. Funding was led by TCV with participation from existing investors Oak HC/FT, Section32, and Verily and will be used to further […]
SAN JOSE — Mendel, a clinical artificial intelligence and natural language processing platform, has raised $40 million in Series B funding round led by Oak HC/FT. The round includes participation from existing investor DCM, who led Mendel’s Series A funding round in June 2021. This funding comes amidst surging customer demand for Mendel’s AI infrastructure. […]
BERKELEY — UPSIDE Foods (formerly Memphis Meats), a company in the cultivated meat, poultry, and seafood industry, has closed a $400 million Series C funding round, the largest round in the industry to date. This new raise places the company’s valuation at over $1 billion. Pending regulatory review, UPSIDE Foods hopes to be available to […]
SAN FRANCISCO — Unlearn, developer of the first machine-learning technology that creates digital twins of patients in clinical trials to enable smaller, faster studies, has closed a $50 million Series B funding round. The financing was led by Insight Partners with participation from new investor Radical Ventures, as well as all of the company’s existing […]
PALO ALTO — Jobox.ai, a software company that provides home service marketplaces with an AI-based infrastructure to directly connect their customers with skilled trades professionals (“pros”), has secured a $42 million Series B funding round led by General Catalyst. Additional investments came from new and existing investors including Resolute VC, NNS, Expanding Capital and Joey […]
SANTA CLARA — Strivr, a platform for enterprise-scale Virtual Reality (VR) solutions, announced that Accenture and Workday Ventures have made strategic investments as part of the company’s latest funding round. As an extension to its Series B round, this $35 million round is being led by Georgian, with participation of additional new investors including Bank […]
MILPITAS – GridX, an enterprise rate platform provider to modern utilities and energy technology companies, has closed $40 million in Series C funding led by Energy Impact Partners (EIP). Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board of directors. GridX also announced that Chris Black has been appointed […]