Venture Funding

Innovium Nabs $170 Million Funding Round

SAN JOSE  — Innovium, Inc. a provider of high performance, switching silicon solutions for Cloud and Edge data centers, announced $170 Million in additional equity funding. This financing is made up of new investments from Premji Invest, DFJ Growth, funds and accounts managed by BlackRock, and multiple strategic investors, along with existing investors including Greylock, […]

Venture Funding

Meemo Finance App Debuts With $10 Million

SAN FRANCISCO — Meemo, which has built a social financial app, has emerged from a year-long stealth period in the Bay Area after successfully raising $10 million in funding. Investors include Saama Capital, Greycroft, monashees and Sierra Ventures. In addition, Amit Singhal, Hans Tung of GGV capital, and several serial entrepreneurs including past colleagues from […]

Venture Funding

Hippo Hungry for $150 Million Series E

PALO ALTO — Hippo Enterprises, which provides homeowners’ insurance to 70% of the United States, has closed $150 million in Series E funding, valuing its business at $1.5 billion. Hippo’s home insurance model includes services that proactively identify and help to resolve risks for its consumers. In the past 12 months, the company has grown […]

Venture Funding

Hummingbird Scores $8.2 Million Series A

SAN FRANCISCO — Hummingbird RegTech, a provider of anti-money laundering (AML) compliance technology, has raised an $8.2 million Series A funding round. Flourish Ventures led the round, with new support from notable Stripe alumni Lachy Groom and Jon Zieger, and continued support from seed investors including Hombrew, Designer Fund, and TTV Capital, for a total funding […]

Venture Funding

Caption Health Closes $53 Million Series B

BRISBANE — Caption Health, a medical artificial intelligence (AI) company, says it has closed its Series B funding round with $53 million to further develop and commercialize its FDA-cleared, AI-guided ultrasound technology. The financing was led by existing investor DCVC. New investors Atlantic Bridge and cardiovascular medical device leader Edwards Lifesciences also participated, along with existing […]

Venture Funding

Privacera Reels In $13.5 Million Series A

FREMONT — Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger, has raised $13.5 million in Series A funding to support the increasing demand for automated data security, privacy and governance in the cloud. The funding was led by Accel who invested based on the tremendous trajectory of the Company and […]

Venture Funding

Qualio Nabs $10 Million Series A

SAN FRANCISCO — Qualio, developer of a cloud quality management system for Life Sciences companies, announced the close of a $11 million Series A funding round led by Storm Ventures. Arun Penmestsa of Storm Ventures will join Qualio’s board of directors. New investors Sorenson Ventures and the founders of Flatiron Health and Plaid and existing investors MHS […]

Venture Funding

Bond Financial Secures $32 Million Series A

SAN FRANCISCO — Bond Financial Technologies, Inc., a company building a financial technology platform that helps banks link with brands, announced it has raised a $32 million Series A round. Coatue led the round, with participation from existing seed investor Canaan and new strategic investors Goldman Sachs and Mastercard. This latest funding will accelerate Bond’s […]

Venture Funding

Zephyr Aerospace Gets Investment From Tim Draper

SAN FRANCISCO — Zephyr Aerospace, a startup introducing lie-flat, social distancing-compliant airline seats for airlines announced that it has raised an undisclosed amount of funding from billionaire venture capitalist Tim Draper, who has previously backed Tesla, SpaceX, Coinbase and Twitter. The investment will allow Zephyr Seat to pass rigorous certification by the Federal Aviation Association and to continue […]

Venture Funding

Skydio Scores $100 Million Series C

REDWOOD CITY — Skydio, a drone manufacturer and developer of autonomous flight technology, has raised $100 million in Series C funding led by Next47 with participation from Levitate Capital, NTT DOCOMO Ventures, and existing investors including Andreessen Horowitz, IVP, and Playground. The new round brings Skydio’s total funding to $170 million. Skydio plans to use […]

Venture Funding

LogDNA Logs In $25 Million Series C

MOUNTAIN VIEW — LogDNA, which provides a log management solution for developers, announced it has closed a $25 million series C round of funding. Led by existing investor Emergence Capital with participation from prior investors Initialized Capital and Providence Equity and new investors TI Platform Management, Radianx Capital, Top Tier Capital Partners, and Trend Forward Capital, the round brings […]

Venture Funding

Taulia Lands $60 Million Round

SAN FRANCISCO — Fintech company Taulia has announced a new strategic funding round of $60 million led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. The funding will help accelerate growth as the company sets its sights on further global expansion. Taulia helps […]

Venture Funding

Annexon Closes $100 Million Financing

SOUTH SAN FRANCISCO — Biopharmaceutical company Annexon, Inc., has closed a $100 million financing led by new investor Redmile Group. Additional new investors included funds and accounts managed by BlackRock, Deerfield Management Company, Eventide Asset Management, Farallon Capital Management, Janus Henderson Investors and Logos Capital, who were joined by existing investors Adage Capital Partners, Bain […]

Venture Funding

Zycada Emerges From Stealth With $19 Million

SAN JOSE — Zycada has emerged from stealth to offer what it says is the fastest online shopping experience in the world. Zycada’s new approach improves Time to Interact (TTI) speeds 10 times greater than Amazon, resulting in dramatic gains in online retail revenues and empowering merchants to achieve faster online shopping experiences than Amazon for […]

Venture Funding

Andreessen Horowitz Leads $26 Million in Rasa

SAN FRANCISCO and BERLIN — Rasa Technologies, Inc., a  company providing the standard infrastructure layer for conversational AI, announced the completion of a Series B financing round totaling $26 million, led by Andreessen Horowitz and including participation from the firm’s Cultural Leadership Fund, a strategic fund designed to bring African American cultural leaders onto the cap tables of […]

Venture Funding

Big Health Scores $39 Million Series B

SAN FRANCISCO —– Big Health, a developer of digital therapeutics dedicated to helping millions back to good mental health, has raised $39 million in a Series B financing, led by Gilde Healthcare and joined by co-lead Morningside Ventures; existing investors Kaiser Permanente Ventures (KPV) and Octopus Ventures; and Samsung NEXT. Janke Dittmer, general partner at Gilde […]

Venture Funding

Doordash Delivers $400 Million Series H

SAN FRANCISCO — Doordash, the nation’s leading food delivery service, has picked up $400 million in a Series H funding round led by new investors Durable Capital Partners LP and mutual fund giant Fidelity Management & Research Co., as well as existing investors, funds and accounts advised by T. Rowe Price Associates, Inc. The new […]

Venture Funding

Transcend Receives $25 Million

SAN FRANCISCO — Transcend, which provides data privacy infrastructure that makes it simple to give users control over their personal data, has raised $25 million in Series A funding. Index Ventures led the round alongside Accel, with participation from South Park Commons, Phil Venables (Board Member and former CISO, Goldman Sachs), and Dylan Field (CEO, Figma). Transcend […]

Venture Funding

Instacart Adds $225 Million Round

SAN FRANCISCO — Instacart, the nation’s leading grocery delivery service, has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart has become one of the most vital services in the country as millions of Americans […]

Venture Funding

Yugabyte Secures $30 Million Series B

SUNNYVALE — Yugabyte, a developer of open source distributed SQL databases, has raised $30 million in an oversubscribed Series B round. The round, led by 8VC, also includes participation from strategic investor Wipro Ventures and existing investors Lightspeed Venture Partners and Dell Technologies Capital. The round brings the company’s total funding to $55 million. Yugabyte […]

Venture Funding

Varo Locks Up $241 Million Round

SAN FRANCISCO — Mobile banking company Varo Money, Inc. has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and former eBay President Jeff Skoll. Other new investors joining the round include HarbourVest Partners and Progressive Insurance. The investment will […]

Venture Funding

Arterys Scores $28 Million

SAN FRANCISCO — ​Arterys, a global medical imaging platform that helps deliver clinical AI products over the internet, has received its seventh USA FDA clearance and announced its latest round of funding — a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation […]