News about Silicon Valley business almost everyday.
SAN MATEO — Netomi, developer of an AI-first customer service platform, has secured $30 million in Series B funding led by WndrCo, the investment firm co-founded by Jeffrey Katzenberg. Existing investors Eldridge and Fin Venture Capital also participated in the round, bringing the company’s total funding to date to $52 million. “Customer service is going […]
SAN FRANCISCO — Resilience, a provider of cyber insurance and security solutions, has closed an $80 million Series C funding round, co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures. The investment comes as Resilience executes on plans for middle market expansion […]
SAN FRANCISCO — Heyday, a platform for building consumer product brands on Amazon and online, has closed a $555 million Series C funding round. The round was co-led by technology investors The Raine Group and Premji Invest with participation from existing investors General Catalyst, Victory Park Capital, and Khosla Ventures. The new funding comes on […]
SAN JOSE – Lacework, which operates a security platform for the cloud, has raised one of the biggest rounds of funding ever at $1.3 billion. The company is now valued at $8.3 billion. With this capital, which is the largest funding round in security industry history, Lacework plans to invest in rapidly scaling its business […]
SAN FRANCISCO — Grammarly, a company powering effective communication for over 30,000 teams and 30 million people daily, has raised over $200 million in funding at a $13 billion valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others. With this latest funding round, Grammarly plans to accelerate product innovation […]
SAN FRANCISCO — Faire, an online wholesale marketplace connecting more than 300,000 retailers with 40,000 brands around the world, has closed $400 million in a Series G investment round co-led by new investor, Durable Capital Partners LP, and returning investors, D1 Capital Partners, and Dragoneer Investment Group. This new round, which includes all existing investors, […]
SAN FRANCISCO — Seasoned has raised $18.7 million in Series A financing to help expand its hiring platform and restaurant worker network to new markets. The financing comes on the back of a $12 million seed round raised in June 2021, bringing its total raised to more than $30 million this year. Seasoned’s Series A financing was led by Horizons Ventures, with participation from TPG Growth […]
SAN FRANCISCO — Habu, a developer of data clean room software, has secured $25 million in Series B funding led by Wing Venture Capital. Snowflake Ventures, super{set}, Norwest Venture Partners, and Ridge Ventures joined the round, which will allow the company to accelerate product innovation, operations, and customer success to support its rapidly growing client […]
LIVERMORE — Monarch Tractor, maker of the world’s first fully electric, driver-optional tractor has completed a $61 million Series B funding round led by Astanor Ventures, one of the world’s leading sustainable food venture firms, with additional contributions from CNH Industrial, At One Ventures and Trimble Ventures. With this most recent round of financing, Monarch […]
SAN FRANCISCO — Netlify, which offers technologies to build, deploy, and scale modern web applications, has raised $105 million in funding, valuing the company at $2 billion. Bessemer Venture Partners led the Series D round, with participation from the company’s existing investors Andreessen Horowitz, BOND, EQT Ventures, Kleiner Perkins, Mango Capital and Menlo Ventures. The Jamstack movement has changed the […]
SUNNYVALE — ThoughtSpot, a Modern Analytics Cloud company, has raised a $100 million Series F funding round at a new $4.2B valuation, more than doubling the company’s previous valuation and bringing the company’s total funding to $674 million. The round was led by new investor March Capital and joined by existing investors Lightspeed Ventures, Snowflake Ventures, […]
SAN DIEGO — Venture capital firm Section 32 has closed its fourth fund, raising approximately $740 million from returning and new investors. Investors in Fund 4 include leading philanthropic and non-profit organizations, educational endowments and foundations, and leaders from the technology and healthcare sectors. Section 32 Fund 4 will support companies across all stages that are […]