– Blockdaemon closed a Series B funding round of USD $155m with a valuation of $1.255b, making it the world’s largest blockchain infrastructure company for node management and staking.
– The round was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.
– This follows the company’s Series A Round in June 2021 of $28m, as well as previous strategic investments, bringing the total to just under $190m.
– Over the last 90 days, Blockdaemon has significantly accelerated its growth and increased its managed node count from 8,000 to 18,000, more than doubling its operational footprint.

– Matillion, a startup that helps companies harness their data, raised $150m in funding.
– The round was led by General Atlantic and joined by Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.
– The company has hundreds of enterprise customers, including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco.
– The startup was founded in Manchester (it now also has a base in Denver), and this makes it one of a handful of tech startups out of the city — others we’ve recently covered include The Hut Group, Peak AI and Fractory — now hitting the big leagues and helping to put it on the innovation map as an urban center to watch.

– Involve.ai is a customer intelligence platform, based in Los Angeles.
– The company raised $16m in Series A funding from Sapphire Ventures, with participation from existing investors Bonfire Ventures, Greycroft, Launch Capital, BDMI and new investors GTMfund, Fenwick, Gokul Rajaram, Stanford University and Michael Whitmire.
– The new investment will be used to accelerate the company’s product roadmap, expand its go-to-market teams and improve customer experience.

– Adverity has closed a $120m Series D financing round led by SoftBank Vision Fund 2.
– The round also includes participation from the company’s existing investor Sapphire Ventures.
– The company is the rapidly growing marketing analytics platform.
– Adverity’s mission is to transform marketing performance through intelligent data-driven insights.
– Adverity has seen a 120% client uplift in the last 12 months amid an expanding portfolio of global brands and agencies that include IKEA, Red Bull, Unilever, MediaCom, and Vodafone.
– This follows the best quarter in company history, a compound annual growth rate of 105% in the past four years, and a rapidly growing global team that has increased in size by 300% since 2019.

– FalconX announced a $210m Series C financing round, valuing the company at $3.75bn.
– The round was led by Altimeter Capital, Sapphire Ventures and existing investors B Capital Group and Tiger Global Management, with participation from Mirae Asset. Amex Ventures also increased its existing investment as part of this round.
– FalconX is a digital assets and cryptocurrency financial services company that provides institutions trading, credit, and clearing across major cryptocurrencies.
– FalconX will use the funding from the Series C round to expand its product lines, explore strategic acquisitions, and continue to hire great talent globally, including key executives with backgrounds at the convergence of traditional financial markets, digital assets and technology.
– FalconX was founded in 2016 by a team of ex-Goldman Sachs bankers and technologists.

– OwnBackup has raised $240m in Series E funding.
– The round was led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global.
– Existing investors Insight Partners, Salesforce Ventures, Sapphire Ventures, and Vertex Ventures also participated.
– The company has cumulatively raised nearly $500m, resulting in a $2bn valuation increase in six months.
– OwnBackup plans to expand its comprehensive backup and recovery solutions across other cloud platforms later this year, beginning with Microsoft.
– OwnBackup will help Dynamics 365 customers meet complex regulatory requirements and eliminate data disruptions due to user and integration errors.

– yellow.ai raised $78.15M in Series C funding led by WestBridge Capital along with Sapphire Ventures and Salesforce Ventures.
– Lightspeed Venture Partners also participated in this round, which brings total funding raised so far to $102.15M.
– yellow.ai enables enterprises to leverage its proprietary NLP engine and platform to build chatbots and voice bots, in 100+ languages, across 35+ channels that automate functions like Customer Support, Customer Engagement, Conversational Commerce, and Employee Experience.
– The platform comes pre-integrated with enterprise applications like Salesforce, Shopify, Cisco, Avaya, SharePoint, and 100 more.

– Mercury, a digital banking outfit targeting startups, has raised $120m at a $1.62bn valuation in a Series B funding round.
– Coatue led the round, with participation from Andreessen Horowitz, CRV, Sapphire Venture and a host of angels.
– Mercury is building banking for startups. The company wants to power the next generation that will shape American industry.

– Pendo from Raleigh, NC, provides a solution for companies to bridge the gap between how users expect software to work and their experience actually using it.
– Series F $150m round led by B Capital Group with participation from Silver Lake Waterman and existing investors Battery Ventures, Meritech Capital Partners, Sapphire Ventures, General Atlantic, Tiger Global Management, FirstMark Capital, Geodesic Capital, IDEA Fund Partners and Contour Venture Partners.
– The new investment will be used to accelerate global expansion, strategic acquisitions and continued innovation in the platform.

– FloQast, an accounting collaboration, automation, and close-management platform, has raised $110 million in a series D round of funding at a $1.2 billion valuation.
– The round was led by Meritech Capital, with participation from Insight Partners, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Polaris Partners, and Norwest Venture Partners.
– Financial close management is the business process of checking and adjusting account balances at the end of each month or other predefined period to publish compliant financial reports for regulators, managers, shareholders, or any other stakeholder that needs to know a company’s current financial position.

– Fintech startup Yapily has raised a $51m Series B funding round led by Sapphire Ventures.
– The company has been working on a single, unified open banking API for several European markets.
– Developers can leverage that programming interface to interact with third-party bank accounts directly from their own products.
– Yapily focuses exclusively on API integrations.

– Netskope from Santa Clara provides a cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Cloud Access Security Broker (CASB) capabilities.
– The company raised $300m in funding.
– The round was led by existing investor ICONIQ Growth with participation from existing investors Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital.
– Following this round, Netskope has achieved a post-money valuation of $7.5b.

– Moveworks, a platform designed to automate support at work, announced that it closed a $200m series C funding round led by Tiger Global and Alkeon Capital, with participation from Lightspeed Venture Partners, Sapphire Ventures, Bain Capital, ICONIQ Growth, and Kleiner Perkins.
– The proceeds bring the company’s total raised to $315m and value the company at $2.1bn post-money, representing one of the largest investments in an AI platform for employee service to date.
– With conventional approaches, support teams take an average of three days to address issues including IT tickets, HR requests, and policy questions by hand, causing disruptions that can delay work.
– Nearly one-third of departments regularly affected by technical problems say that an hour of downtime costs them $1m or more.

– Tesseract from Helsinki is an institutional digital asset lending company in Europe and emerging markets.
– The company raised $25m in Series A funding.
– The round was led by Augmentum Fintech with participation from Icebreaker.vc, BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute and Woorton as well as undisclosed local and international investors and strategic angels.
– The new investment will be used to develop the company’s institutional offerings and cross-trading venue margin lending platform even further, hire new talent to develop new and existing partnerships, and to boost innovation in new undisclosed financial products.

– Verbit announced the close of a $157 million series D round that the company says will bolster its product R&D and hiring efforts.
– CEO Tom Livne, who noted that the raise brings the company’s post-money valuation to more than $1 billion, said that the capital will also support the company’s geographic expansion as it prepares for an initial public offering.
– Sapphire Ventures led the 110-employee Verbit’s series C round with participation Third Point, More Capital, Lion Investment Partners, ICON fund as well as existing investors such as Stripes, Vertex Ventures, HV Capital, Oryzn Capital, and ClalTech participated.

– Alation, a Redwood City CA-based company provider of enterprise data intelligence solutions, raised $110M in Series D funding.
– The round was led by Riverwood Capital with participation from new investors Sanabil Investments and Snowflake Ventures and existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners.
– The company intends to use the funds to expand into new geographies, verticals, and product areas.

– Uptycs has raised $50m in a series C funding round led by Norwest Venture Partners, bringing the Waltham, Massachusetts-based company’s total raised to $93m.
– The company’s customer roster includes Fortune 500 and FinTech firms like Comcast Security, Flexport, and Lookout.
– Sapphire Ventures and ServiceNow Ventures also participated in Uptycs’ latest funding round.

– CircleCI is a continuous integration and continuous delivery (CI/CD) platform.
– The company raised $100m in Series F funding.
– Greenspring Associates led the round with participation from Eleven Prime, IVP, Sapphire Ventures, Top Tier Capital Partners, Baseline Ventures, Threshold Ventures, Scale Venture Partners, Owl Rock Capital, and Next Equity Partners.
– Stacey Epstein will also join CircleCI’s board of directors.

– Current, a NYC-based U.S. mobile banking company, raised $220m in Series D funding in a round valuing it to $2.2b.
– New investor Andreessen Horowitz led the round bringing total funding raised to date to over $400m, with participation from returning investors Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and EXPA.
– The company intends to use the funds to expand its business reach and development efforts.

– Tonal, the most advanced strength and personal training platform, today announced $250m in new funding, valuing the business at $1.6b.
– This brings Tonal’s total funding to over $450m, as it continues to usher in a new era of intelligent fitness and further establishes itself as the clear leader in connected strength training.
– The oversubscribed Series E round is led by Dragoneer, a growth-oriented investment firm with a long track record of successfully identifying category and industry leaders, with participation by Cobalt Capital, new athlete investors, and existing investors including L Catterton and Sapphire Ventures.
– This capital will allow Tonal to further accelerate marketing and content initiatives, while scaling the business and operations by investing in people, logistics, and manufacturing, to more quickly meet its unprecedented demand.

– Feedzai, a cloud-based financial risk management platform, announced a $200m Series D investment round led by KKR, with participation from existing investors Sapphire Ventures and Citi Ventures.
– The company’s core offering is its artificial intelligence and machine learning platform, which processes customer and third-party data to identify, assess, and accelerate the remediation of potential threats.

– Side, a real estate technology company, raised $150m in Series D funding.
– The round was led by Coatue Management and joined by existing investors Matrix Partners, Trinity Ventures and Sapphire Ventures.
– The company’s valuation increased nearly 7x compared to the $150m valuation at the time of its Series C.
– Side pulled in between $30m and $50m in revenue in 2020, and expects to double revenue this year.
– In 2019, Side represented over $5b in annual home sales across all of its partners.

– SafeGraph announced a $45m Series B fundraise led by Sapphire Ventures.
– The round follows a year of incredible growth for SafeGraph.
– SafeGraph is a data-as-a-service company focused on being the source of truth for data on physical places.
– Over the past year, SafeGraph saw accelerated demand for places data among its traditional customer segments, including retail and GIS technology providers.
– As consumer demand and behavior shifted dramatically during the pandemic, the greatest increase in demand has come from the logistics industry.
– With this investment, SafeGraph plans to capitalize on the expanding market of data buyers and offer new ways for customers to buy data.
– As the market for places data increases, customer needs become more diverse.
– SafeGraph plans to adapt its model to meet these new demands.

– Tetrate announced today that it has raised $40m in a Series B funding round led by Sapphire Ventures.
– Other new investors, Scale Venture Partners and NTTVC, and existing investors, Dell Technologies Capital, Intel Capital, 8VC, and Samsung NEXT, participated in the round.
– The Series B funding will be used to develop advanced capabilities within Tetrate Service Bridge, the only cloud-agnostic, hybrid cloud applications networking platform.
– Funding also will support a new SaaS offering: an Istio-based platform that makes the application service mesh easier to consume.
– Additionally, Tetrate will expand go-to-market activities in the Americas and initiate go-to-market teams in Europe and Asia.

– Splashtop is a next-generation remote access and remote support company based in San Jose.
– The company raised an additional $15m in funding.
– The round was led by Sapphire Ventures, Storm Ventures, NEA, and DFJ DragonFund.
– The new funding will be used to accelerate the company’s global expansion and development of new products.

– Privacera is a Fremont, Calif.-based cloud data governance and security company.
– The company raised $50m in Series B funding.
– The round was led by new investor Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72.
– The company intends to use the funds to fast-track its go-to-market strategy and further extend its investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake.

– Clari, a revenue operations platform, raised $150m in Series E funding.
– The round was led by Silver Lake and joined by B Capital Group and existing investors Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest and Tenaya Capital.
– The company reports it has now raised a total of $285m.
– The company plans to double its employee headcount by the end of 2021.

– BetterUp announced a $125m Series D fundraise, bringing the company’s valuation to $1.73b.
– The global leader in mobile-based coaching, counseling, and mentorship, BetterUp is an all-in-one platform that combines behavioral science, AI technology, and human interaction to optimize personal growth and professional development in support of a person’s whole health, at work and in life.
– This latest financing was led by ICONIQ Growth with participation by existing investors, Lightspeed Venture Partners, Threshold Ventures, and Plus Capital, and by new investors, Salesforce Ventures, Sapphire Ventures, and Mubadala Capital.