News about Silicon Valley business almost everyday.
PALO ALTO — Evommune, Inc., a clinical-stage biotechnology company discovering and developing new ways to treat immune-mediated inflammatory diseases, has announced the completion of a $115 million Series C financing. The financing was co-led by new investors RA Capital Management and Sectoral Asset Management, along with participation from new investors B Capital, Marshall Wace, Avego Bioscience Capital, […]
LARKSPUR — BondBloxx, a specialized provider of bond ETFs, has raised $27 million. The funding round was led by Macquarie Asset Management, which maintains its minority stake in the company, and also included participation from other new and existing financial investors. “This is an exciting time for the BondBloxx team and our clients as we […]
UNION CITY — Third Wave Automation, a provider of autonomous high-reach forklifts powered by Shared Autonomy, has closed a $27 million Series C round led by Woven Capital, Toyota’s growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million. The funding will enable Third Wave to scale […]
SANTA CLARA — GMI Cloud, an AI-native GPU cloud provider, has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company’s total capital to over $93 million. The round includes strategic investments from Banpu Next (BANPU.BK), a smart energy solutions provider in the Asia-Pacific region, and Wistron Corporation, […]
SAN MATEO — Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM), has secured financing of $45 million in a Series B round, bringing the company’s total funding to more than $67 million. The funding round was led by Top Tier Capital Partners and HarbourVest Partners. CyberFuture, a global […]
SAN FRANCISCO — Zip announced a $190 million Series D funding round, raising the company’s valuation to $2.2 billion. The round was led by BOND, with additional new investors DST Global, Adams Street, and Alkeon, along with Zip’s existing investors, Y Combinator and CRV. Zip operates an AI-powered procurement orchestration platform. “Zip is one of […]
PALO ALTO — Glooko, Inc., a digital health company connecting patients, providers, biopharma and medical device partners, has secured a $100 million Series F round. The Company’s Board of Directors also announced the appointment of Mike Alvarez as Chief Executive Officer. The funding round, led by Georgian, with investments from Health Catalyst Capital, Canaan and […]
SAN JOSE — Neuron7.ai, a provider of Service Resolution Intelligence, has raised $44 million in Series B funding led by Smith Point Capital, the firm founded by former Salesforce Co-CEO Keith Block. Existing investors Nexus Venture Partners and Battery Ventures joined the oversubscribed funding round, bringing the total capital raised to date to more than […]
SAUSALITO — Best Day Brewing, a fast-growing, non-alcoholic craft beer brand, has announced $22.5 million in total funding raised in 2024 from new partners and existing investors – showcasing the high-level of confidence in the industry, brand, and Best Day’s product. Since joining the non-alcoholic market in 2022, Best Day quickly emerged as a fast-growing brand […]
SAN FRANCISCO — Galileo, a provider of generative AI evaluation and observability for enterprises, has raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company’s total funding to $68 million. The company reports 834% revenue growth since the beginning of 2024. During this time, the company quadrupled its […]
SAN FRANCISCO — Mercor has secured a $30 million Series A round at a $250 million valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor’s growth and development. [Photo above: Co-founders Adarsh Hiremath, Brendan Foody, […]
BERKELEY — Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, has secured $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C […]