News about Silicon Valley business almost everyday.
SAN FRANCISCO — Arch, operator of a data intelligence platform for HVAC contractors, has raised $6.2 million in seed funding from Gigascale Capital, Coatue, Floodgate, ReGen Ventures, and MCJ Collective. The investment comes as a fast-growing majority of Americans want to electrify their homes amid a shortage of installers and high upfront costs. Arch aims to ease both […]
SAN JOSE — Lambda, a cloud company founded by AI engineers and powered by NVIDIA GPUs, has landed a $320 million Series C led by Thomas Tull’s US Innovative Technology with participation from new investors B Capital, SK Telecom, funds and accounts advised by T. Rowe Price Associates, Inc., and existing investors Crescent Cove, Mercato […]
SAN FRANCISCO — Alembic, a holistic marketing attribution platform for enterprises, has received $14 million in series A funding. The round was led by WndrCo, the venture capital firm started by DreamWorks founder Jeffrey Katzenberg. Existing investors MXV Capital, the venture capital firm started by Braze founder Mark Ghermezian, and Liquid 2 Ventures, the venture […]
SAN FRANCISCO — Overflow, which helps non-profits raise donations easier, has closed a $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round and is joined by existing investors including Uncork, R7 and TheGP. Overflow empowers churches, nonprofits and donors alike by creating products that make giving frictionless and elevated through a […]
RICHMOND, CA — BioAge Labs, a clinical-stage biotechnology company developing novel therapies for obesity and metabolic diseases by harnessing the biology of aging, has completed an oversubscribed Series D financing round of $170 million led by Sofinnova Investments. New investors including Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, […]
SAN FRANCISCO — Rasa, developer of a generative conversational AI platform, has completed a $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures. “This investment accelerates our lead in the market, and fuels our drive to redefine what is possible […]
SAN FRANCISCO — Hippo Harvest, a controlled environment agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, has closed a $21 million Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the […]
SAN FRANCISCO — Unlearn, an AI company creating digital twins of clinical trial participants that enable smaller, faster studies, has announced a $50 million Series C round led by Altimeter Capital, joined by returning investors Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. This round of funding was secured to propel […]
SAN FRANCISCO — Flood, a protocol for order routing, management, and settlement, has raised its $5.2 million seed funding round led by Bain Capital Crypto with participation from Archetype and Robot Ventures. Flood provides decentralized application (dApp) developers with a suite of tools for owning and managing the entire lifecycle of their application’s order flow. […]
SAN FRANCISCO — Polycam, developer of a 3D creation tool for iPhone and Android, has landed $18 million Series A funding round led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). […]
SAN FRANCISCO — Shepherd, an insurance tech platform for commercial construction, has raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together with software to help contractors save on premiums. The company will utilize the funds to […]
SAN FRANCISCO — Ambience Healthcare, developer of comprehensive AI operating system for healthcare organizations, has announced a $70 million Series B raise co-led by Kleiner Perkins and OpenAI Startup Fund. The raise also includes existing investors Andreessen Horowitz and Optum Ventures. “Healthcare is one of AI’s most promising opportunities to create an outsized positive impact on the world. Ambience Healthcare […]