News about Silicon Valley business almost everyday.
SAN FRANCISCO — Opal Security, a security and access management company, has reeled in $22 million Series B funding, led by Battery Ventures, with participation from existing investors Greylock and Box Group. The round brings Opal Security’s total funding to date to $32 million. Since Opal Security’s 2022 Series A financing, the company says it has […]
SAN FRANCISCO — MaintainX, a maintenance and frontline work execution platform, has announced $50 million in Series C funding led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other strategic new investors include Jeff Immelt the former CEO of GE, Jeff Lawson the […]
SAN FRANCISCO — Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, has emerged from stealth. The company has raised over $55 million in funding, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, […]
SAN FRANCISCO — Rhythms, an AI-powered enterprise productivity startup, has landed $26 million in seed funding, co-led by Greenoaks and Madrona with participation from Accel, Cercano (formerly Vulcan), and Founders’ Co-op, all of which were also investors in his previous venture, Ally.io, which was acquired by Microsoft in 2021. Rhythms is developing a first-of-its-kind AI-powered […]
SAN FRANCISCO — Pachama, a technology company on a mission to solve climate change by restoring nature, has extended its Series B round to include an additional $9 million in new equity capital. The extension brings Pachama’s Series B total to $64 million and was participated in by new investor T.Capital, the corporate venture capital […]
MENLO PARK — Ajax Health announced the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and […]
SAN JOSE — Aviz Networks, a provider of open networking software for cloud-scale infrastructures serving telecom and enterprises, has added Cisco Investments to its latest funding round, joining existing investors, Moment Ventures, Accton and Wistron. This funding round, now reaching $10 million, will accelerate customer momentum for Aviz’s multi-vendor, GenAI-based networking stack along with adoption […]
PALO ALTO — ArmorCode, a specialist in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has closed a $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale. Venture firm HighlandX led the round, joined by NGP Capital, along with participation from existing investors […]
SAN JOSE — Kognitos, a provider of generative AI for business automation, has closed a $20 million Series A round led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures. The new funding brings the company’s venture capital raised to date to $30 million including a seed round that closed earlier […]
PALO ALTO — Pika, an AI video platform that is redesigning the video-making and editing experience, has raised a Series A funding round of $35 million, led by Lightspeed Venture Partners. Pika has now raised a total of $55 million in the company’s first six months with Pre-Seed and Seed rounds led by Nat Friedman […]
REDWOOD CITY — CoordinateHQ, a project management system for client service organizations, announced the closing of a $5.5 million seed round. The funding was led by Initialized Capital, with investments from Webb Investment Network and a number of angel investors. Too often, professional services companies rely on a patchwork of static tools to collaborate. CoordinateHQ removes […]
HOLLISTER, CA — ZeroAvia, which is developing hydrogen-electric aircraft engines, has completed its Series C funding round at a total of $116 million. The company has operations in Hollister and England. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the […]