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Sonrai Security Announces $50M in Series C Funding Led by ISTARI to Scale Multicloud Security for Global Enterprises
Sonrai Security Announces $50M in Series C Funding Led by ISTARI to Scale Multicloud Security for Global Enterprises
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Sonrai Security Announces $50M in Series C Funding Led by ISTARI to Scale Multicloud Security for Global Enterprises

- Sonrai Security announced a $50M Series C funding round. - The round was led by ISTARI, a global cybersecurity platform dedicated to helping clients build cyber resilience, with participation from existing investors Polaris Partners, Menlo Ventures, TenEleven Ventures and New Brunswick Innovation Fund. - The Series C round brings the total capital raised by Sonrai to $88 million. - Sonrai plans to use new funding to accelerate research and development and expand sales and marketing globally for the company’s industry-leading cloud security platform. - Public cloud complexity for global enterprises is exploding as microservices, workloads and associated 'non-people’ identities proliferate rapidly. - Sonrai has identified 17,000 unique permissions settings across AWS, Azure and GCP cloud platforms with approximately 20 new permissions added daily.

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CodeSignal Raises $50M in Series C Funding
CodeSignal Raises $50M in Series C Funding
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CodeSignal Raises $50M in Series C Funding

– CodeSignal is a San Francisco, CA-based technical assessment platform to make data-driven hiring decisions in tech recruiting.
– The company raised $50M in Series C funding.
– The round was led by Index Ventures with participation from Menlo Ventures, Headline, and A Capital.
– The new investment will be used to accelerate product and go-to-market functions and launch its new Integrated Development Environment (IDE) that enables relevant assessment experiences.

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Relyance AI scores $25M Series A to ensure privacy compliance at the code level
Relyance AI scores $25M Series A to ensure privacy compliance at the code level
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Relyance AI scores $25M Series A to ensure privacy compliance at the code level

– Relyance AI, an early-stage startup that is helping companies stay in compliance with privacy laws at the code level, announced a $25m Series A.
Menlo Ventures and Unusual Ventures led the round.
– Serial entrepreneur Jyoti Bansal from Unusual will join the board under the terms of the deal.
– Matt Murphy from Menlo is coming on as a board observer.
– The company has now raised $30m.

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Customer relationship tracker Affinity nabs $80M
Customer relationship tracker Affinity nabs $80M
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Customer relationship tracker Affinity nabs $80M

– Affinity, a relationship intelligence platform designed to work with existing customer relationship management (CRM) solutions, announced that it closed an $80 million series C funding round led by Menlo Ventures, bringing its total raised to date to $120 million at a $600 million valuation.
Advance Venture Partners, Sprints Capital, Pear Ventures, Sway Ventures, MassMutual Ventures, Teamworthy, and ECT also participated in the round, which cofounder and CEO Ray Zhou said will be put toward strengthening Affinity’s engineering team and expanding its sales and marketing reach into sectors such as investment banking, private equity, and accounting.

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HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges
HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges
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HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges

– HomeLight, a real estate technology platform, secured $263m in debt financing.
– The financing was led by Zeev Ventures and joined by Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund.
– The financing brings HomeLight’s valuation to $1.6 billion.
– The company plans to triple its revenue to over $300 million in 2021.

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Enable Raises $45M in Series B Funding
Enable Raises $45M in Series B Funding
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Enable Raises $45M in Series B Funding

– Enable, a San Francisco, CA-based cloud-based software solution for B2B rebate management, raised $45m in Series B funding.
– The round was led by Norwest Venture Partners with participation from previous investors Menlo Ventures and Sierra Ventures, along with several angel investors.
– The new investment will be used to continue to expand operations and its business reach.

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FireHydrant Raises $23M in Series B Funding
FireHydrant Raises $23M in Series B Funding
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FireHydrant Raises $23M in Series B Funding

– FireHydrant is a NYC-based comprehensive reliability platform that allows teams to achieve reliability at scale by creating speed and consistency across the entire incident response lifecycle.
– Series B $23m round was led by Harmony Partners with participation from Salesforce Ventures and existing investors Menlo Ventures and Work-Bench.
– The new investment will be used to grow the engineering team, further accelerate product R&D, customer acquisition, and international growth.

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reThought Raises $15.5M in Series A Funding
reThought Raises $15.5M in Series A Funding
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reThought Raises $15.5M in Series A Funding

– reThought Insurance, a Broomfield, Colo.-based tech-enabled MGA, closed a $15.5m Series A funding.
– The round was led by Telstra Ventures with participation from Hudson Structured Capital Management and ArcTern Ventures as welll as existing venture funds Menlo Ventures, ManchesterStory and Streamlined Ventures.
– The company intends to use the funds to expand sales team, technology, research and development and growth in the flood insurance market.

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Julia Computing Raises $24M in Series A
Julia Computing Raises $24M in Series A
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Julia Computing Raises $24M in Series A

– Julia Computing from San Francisco has completed a $24M Series A fundraising round.
Dorilton Ventures, with participation from Menlo Ventures, General Catalyst and HighSage Ventures, led the round.
– The company provides scalable enterprise computing solutions through its JuliaHub platform.

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ShipBob Pulls In $200M Series E Financing
ShipBob Pulls In $200M Series E Financing
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ShipBob Pulls In $200M Series E Financing

– ShipBob, a provider of cloud-based logistics solutions for small and medium-sized businesses, announced $200m in funding.
– The funding was led by Bain Capital Ventures with participation from prior investors including SoftBank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels and Silicon Valley Bank.
– ShipBob is designed for small and medium-sized ecommerce businesses, providing them with world-class fulfillment capabilities.

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Immersive Labs Raises $75M in Series C Funding
Immersive Labs Raises $75M in Series C Funding
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Immersive Labs Raises $75M in Series C Funding

– Immersive Labs from Bristol is a company provider of a platform for organizations to measure and improve cybersecurity skills across technical and non-technical teams.
– The company closed $75m Series C funding round led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.
– The investment will be used to expand the company’s international presence, tripling global headcount to 600 over the next two years and establishing operations in new regions throughout APAC and Europe.

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Airbase raises $60M as the corporate spend market segments, matures
Airbase raises $60M as the corporate spend market segments, matures
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Airbase raises $60M as the corporate spend market segments, matures

– Airbase, a corporate spend startup, raised $60m in Series B funding.
– The round was led by Menlo Ventures and joined by existing investors.
– The company plans to use the funding to expand its product and sales teams.

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oak9 Secures $5.9 Million Seed Round to Launch Infrastructure-as-Code Security Platform
oak9 Secures $5.9 Million Seed Round to Launch Infrastructure-as-Code Security Platform
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oak9 Secures $5.9 Million Seed Round to Launch Infrastructure-as-Code Security Platform

– oak9 launched its infrastructure as code security platform, backed by a seed round of $5.9 million led by Menlo Ventures, accompanied by Hyde Park Angels and Uncorrelated Ventures.
– As part of the investment, Venky Ganesan, Partner at Menlo Ventures will join oak9’s board of directors along with Tim Tully, formerly CTO at Splunk and now Partner at Menlo Ventures.
– The platform accelerates the delivery of cloud-native applications while providing comprehensive security.
– It seamlessly integrates into the software development lifecycle, analyzes infrastructure as code, and builds in security based on a holistic and comprehensive view of its architecture and components in their broader context.
– Continuous, dynamic monitoring maintains security not just within individual components, but across evolving ecosystems.

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Qualio Secures $50 Million in Series B Funding To Help Innovative Life Sciences Companies Unite Speed with Quality
Qualio Secures $50 Million in Series B Funding To Help Innovative Life Sciences Companies Unite Speed with Quality
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Qualio Secures $50 Million in Series B Funding To Help Innovative Life Sciences Companies Unite Speed with Quality

– Qualio announced a $50m Series B funding round led by Tiger Global.
Menlo Ventures also joined this round, alongside the following current Qualio investors: Frontline Ventures, MHS Capital, Operator Partners, Sorenson Ventures, and Storm Ventures.
– The latest round of funding will support Qualio’s efforts to expand accessibility of their electronic quality management software (eQMS) and services for life sciences customers at global scale and also fuel significant investment in product and engineering team growth.
– To date, Qualio has raised more than $63m.

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OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion
OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion
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OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion

– OpenSpace, the global leader in 360° construction photo documentation and analysis, recently announced a $55M Series C funding round, led by Alkeon Capital Management.
– The funding comes at an exciting time for the company, which also announced recently that it’s expanding access to the ClearSight Progress Tracking platform to its full customer base.
– Additional participants in the round include PSP Partners, GreenPoint Partners and New World Development, as well as returning investors Lux Capital, Menlo Ventures, JLL Spark, Navitas Capital and Zigg Capital.
– Over the past year, accelerated global adoption of digitization and remote work has fueled growth for OpenSpace, which has seen revenue triple, customer count increase by more than 150%, and customer site captures increase by more than 300% during that time.

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Benchling Raises $200M Series E To Accelerate Biotech R&D
Benchling Raises $200M Series E To Accelerate Biotech R&D
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Benchling Raises $200M Series E To Accelerate Biotech R&D

– Benchling has raised $200m in Series E funding led by Sequoia Capital Global Equities and joined by Altimeter Capital, Byers Capital and Elad Gil.
– Existing investors participated, including Thrive Capital, Benchmark, Menlo Ventures, Alkeon Capital, ICONIQ, Lux Capital, Spark Capital and Lead Edge Capital.
– The company will use the funding to aggressively invest in product development and global expansion to support enterprise customers.
– Since launching in 2012, more than 300,000 scientists and 1,000 R&D organizations around the globe have adopted Benchling’s cloud platform to manage massively complex experimental datasets and optimize R&D processes.

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Scribe Therapeutics Raises $100M Series B Financing to Further Develop “CRISPR by Design” Platform and Pipeline of Breakthrough Genetic Medicines
Scribe Therapeutics Raises $100M Series B Financing to Further Develop “CRISPR by Design” Platform and Pipeline of Breakthrough Genetic Medicines
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Scribe Therapeutics Raises $100M Series B Financing to Further Develop “CRISPR by Design” Platform and Pipeline of Breakthrough Genetic Medicines

– Scribe Therapeutics Inc. announced the completion of an oversubscribed $100M Series B financing.
Avoro Ventures and Avoro Capital Advisors led the financing joined by OrbiMed Advisors and Andreessen Horowitz.
Perceptive Advisors, funds and accounts advised by T. Rowe Price Associates, Inc., funds managed by Wellington Management, RA Capital Management, Menlo Ventures, and an undisclosed global investment firm also joined the syndicate.
– As part of the financing, Behzad Aghazadeh, managing partner at Avoro Ventures and Avoro Capital Advisors, and Carl L. Gordon, managing partner at OrbiMed Advisors, will join Scribe’s Board of Directors.

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Teamflow Announces $11M Series A Financing
Teamflow Announces $11M Series A Financing
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Teamflow Announces $11M Series A Financing

– Teamflow, the virtual office leader, announced it has secured an $11m Series A investment round, led by Battery Ventures.
– The Series A comes just two months after the company announced its $3.9m seed round, led by Menlo Ventures, bringing total financing to $14.9m.
– Proceeds from the Series A round will be used to grow its engineering team and cement Teamflow’s early leadership in the nascent virtual office space.

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Unagi Scooters Raises $10.5M in Series A Funding
Unagi Scooters Raises $10.5M in Series A Funding
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Unagi Scooters Raises $10.5M in Series A Funding

– Unagi Scooters, an Oakland-based electric scooter manufacturer, raised $10.5m in Series A funding.
– The round was led by The Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others.
– The new investment will be used to expand the company’s All-Access service and manufacturing capacity.

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Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology
Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology
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Riva Health Launches, Raises $15.5M for Breakthrough Mobile Cardiology Technology

– Riva Health, a mobile cardiology app, today announced $15.5M in funding led by Menlo Ventures.
UCHealth and University of Colorado Innovation Fund also participated in the round, as well as leading Chicago healthcare investors, Brandon Cruz of GoHealth and Larry Gies of Madison Industries.
– This investment follows on the heels of a previous round led last year by Menlo Ventures, alongside True Ventures.
– Riva is led by CEO Dag Kittlaus, former co-founder of both Siri and Viv, and Tuhin Sinha, PhD and co-founder of one of the largest cardiovascular research studies in the world, Health eHeart.
– Dr. Rich Zane from UCHealth will join Greg Yap from Menlo Ventures on Riva’s board of directors.

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Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles
Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles
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Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles

– Unagi, a scooter sharing company, raised $10.5m in Series A funding.
– The round was led by The Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others.
– The company plans to expand its subscription service to several new cities, including Seattle.

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Platform9 Raises Additional Series-D Funding Led by WRVI Capital, Reports 145% YoY Growth In SaaS Managed Kubernetes
Platform9 Raises Additional Series-D Funding Led by WRVI Capital, Reports 145% YoY Growth In SaaS Managed Kubernetes
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Platform9 Raises Additional Series-D Funding Led by WRVI Capital, Reports 145% YoY Growth In SaaS Managed Kubernetes

– Platform9 raised an additional $12.5m Series D funding for a total of $37.5m.
– The round was led by WRVI Capital, with participation from all existing venture investors including NGP Capital, Mubadala Ventures, Canvas Ventures, Menlo Ventures, and Redpoint Ventures.
– Platform9 also reported an industry-leading NPS (Net Promoter Score) of 71 and a customer satisfaction score of 99% for 2020.
– The company’s Managed Kubernetes deployments have become a critical part of many large-scale and complex 5G infrastructure roll outs, hybrid cloud containers-as-a-service, and Edge use cases in the retail, media, and entertainment market segments.

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Strata Identity Raises $11M in Series A Funding Led by Menlo Ventures for Technology that Revolutionizes Multi-Cloud Identity
Strata Identity Raises $11M in Series A Funding Led by Menlo Ventures for Technology that Revolutionizes Multi-Cloud Identity
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Strata Identity Raises $11M in Series A Funding Led by Menlo Ventures for Technology that Revolutionizes Multi-Cloud Identity

– Strata identity raises $11m in Series A funding led by Menlo Ventures for technology that revolutionizes multi-cloud identity.
– The company’s founders co-authored the SAML standard used today to transparently provide cross-cloud identity and single sign-on (SSO) between web sites.
– Strata has built the first distributed identity orchestration platform, called Maverics™, to revolutionize the fast-growing $12B identity and access management (IAM) market.
– Strata will use the funds to scale research & development, go-to-market, sales, marketing, and customer success for its Maverics platform.
– Venky Ganesan, Partner at Menlo Ventures, has joined the company’s board of directors.

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Sidecar Health: $125 Million Series C Funding And $1 Billion Valuation
Sidecar Health: $125 Million Series C Funding And $1 Billion Valuation
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Sidecar Health: $125 Million Series C Funding And $1 Billion Valuation

– Sidecar Health is a health insurtech company.
– The company raised $125m in Series C funding.
– The round was led by Drive Capital and joined by new investors BOND, Tiger Global, and Menlo Ventures, and existing investors Cathay Innovation and GreatPoint Ventures.
– The company has raised more than $175m since its founding in 2018.

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