News about Silicon Valley business almost everyday.
SANTA CLARA — Glassbeam, Inc., a developer of machine data analytics for connected medical equipment, has raised $10 million in a Series B funding led by Appian Way Asset Management, along with a strategic investment from one of its flagship healthcare accounts, MultiCare Health System. The new money will be used to scale up global commercial infrastructure including sales and marketing […]
SAN FRANCISCO — Sequel, a startup developing a leakage-preventing tampon, has launched and raised $5 million in seed funding. Founded by two high-level athletes and Stanford engineers, Sequel’s mission is to raise the standard of women’s products with better design and superior technology. The seed funding will help Sequel brings its first novel product to […]
SAN FRANCISCO — Genesys, a cloud-based provider of customer service and call center technology, has raised a $580 million round of funding. The oversubscribed round was led by Salesforce Ventures with participation from other investors ServiceNow Ventures; Zoom Video Communications; funds and accounts managed by BlackRock, D1 Capital Partners and another large US-based West Coast mutual […]
PALO ALTO — Fable, a social platform for book clubs and stories, has raised $20 million in a Series A funding round led by Tiger Global with participation from Redpoint Ventures, Gaingels, Breyer Capital, defy.vc, and others. Fable was founded by tech industry veteran Padmasree Warrior and launched in April, 2021. Previously, the company had raised $7.25 million in seed funding led by Redpoint […]
SAN FRANCISCO — Verge Genomics, a drug discovery company that is using artificial intelligence (AI) and human data to develop new drugs, has closed an oversubscribed $98 million equity financing. The Series B financing was led by funds managed by BlackRock and includes new healthcare and technology investors Eli Lilly and Company, Merck Global Health […]
PALO ALTO — Noname Security, an API security company, has secured $135 million in Series C funding at $1 billion valuation. The funding round was led by Georgian and Lightspeed, with participation from existing investors including Insight Partners, Cyberstarts, Next47, Forgepoint, and The Syndicate Group (TSG). This new investment will fund the global expansion of Noname Security’s go-to-market and R&D teams. Noname Security […]
SAN FRANCISCO — Forethought, the Human-Centered AI Platform, announced a $65 million Series C funding round that will fuel the company’s growth and accelerate the digital transformation in customer service with human-centered AI. “The pandemic pushed individuals and businesses alike to quickly move to digital channels and processes, a shift that many weren’t prepared for,” […]
PALO ALTO — Dazz, a cloud security remediation company, has closed on a new round of funding and that it has raised a total of $60 million to date. The company will expand its engineering team and build a go-to-market organization in the United States with offices in Palo Alto and New York. Venture capital firms participating in the funding round […]
SAN FRANCISCO — Petra, the first robotics company capable of undergrounding critical utilities through hard geologies, has announced the successful completion of a 20-foot demonstration tunnel through the hardest rock on earth, and $30 million Series A funding led by DCVC, the leading Deep Tech venture firm. Petra has invented a new hard rock boring-robot, […]
SAN MATEO — SnapLogic, which specializes in Enterprise Automation, has raised $165 million at a billion dollar valuation to accelerate its leadership in AI-powered data and application integration, the new glue of the social and virtual era. This latest round was led by Sixth Street Growth, which will join the SnapLogic board. The funds will […]
SAN JOSE — Edge Impulse has reeled in $34 million in Series B funding led by Coatue, tripling its 2022 market valuation and growth forecast. Coatue joins existing investors, Canaan Partners, Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory. “We are excited to have David Cahn, a Partner at Coatue, join our board […]
SANTA CLARA — KlearNow, a provider of smart Logistics as a Service (LaaS), has raised $50 million in new capital to transform broken supply chains—simplifying and providing real-time cargo visibility to the customs clearance and drayage processes. KlearNow’s AI-powered platform eases the worldwide supply chain disruptions that have left businesses grappling with delays and shortages. The […]