Unicorn Nest news
Bigeye Raises $45M in Series B Funding
– Bigeye is a San Francisco, CA-based provider of a data observability platform.
– Company raised $45m in Series B funding.
– The round was led by Coatue with participation from existing investors, Sequoia Capital and Costanoa Ventures.
– The new investment will be used to scale the team, continue building on its product leadership, and expand its business reach.
Unicorn Nest news
Stairwell secures $20M Series A to help organizations outsmart attackers
– Stairwell, a threat-hunting platform, raised $20m in Series A funding.
– The round was led by Sequoia Capital and joined by Accel.
– The funding will be used to further advance the Inception platform and to increase the startup’s headcount.
– The Inception platform is launching in early release for a limited number of customers, with full general availability scheduled for 2022.
Unicorn Nest news
The ORG Raises $20M in Series B Funding
– The Org is a New York-based network startup.
– Company raised $20m in Series B funding.
– The round was led by Tiger Global with participation from Sequoia, Founders Fund, Balderton Capital, Thursday Ventures, Lars Fjeldsoe-Nielsen, Neeraj Arora, Gavin Baker.
– The new investment will be used to double the team focusing on product, distribution and monetization and expand their offices and move beyond New York and Copenhagen.
Unicorn Nest news
Infrastructure access platform StrongDM raises $54M
– StrongDM has raised $54m in a series B round led by Tiger Global, with participation from GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta, and Godfrey Sullivan.
– The proceeds will be put toward supporting “all parts” of StrongDM’s go-to-market strategy over the coming months.
– StrongDM’s solution is a tool that manages and audits access to servers, databases, datacenters, and more.
– The Burlingame, California-based company combines authentication, authorization, networking, and observability into one service, delivering infrastructure access controls across legacy and multicloud environments.
– StrongDM was founded by Zalman, Schuyler Brown, and Justin McCarthy in 2015.
Unicorn Nest news
Canvas Raises $50M in Series C; Valued At $400M
– Canvas is a San Francisco, CA-based diversity recruitment platform.
– Series C $50m round brings company valuation to $400m.
– The round was led by Owl Ventures and attracted new investor Sequoia as well as existing investors Lachy Groom, Zoom Apps Fund, HighSage Ventures, BAM Elevate and Fifth Down Capital.
– The new investment will be aimed at expanding the product into other industries and verticals outside of technology, and make new R&D investments to further develop the platform’s insights and recommendation systems.
Unicorn Nest news
Callin, David Sacks’ ‘social podcasting’ app, launches and announces a $12M Series A round
– Callin, a social audio app, raised $12m in Series A funding.
– The round was led by Sequoia and joined by Goldcrest and Craft Ventures.
– The company plans to launch on Android in the coming months.
Unicorn Nest news
Monad Raises $17M in Series A Funding
– Monad is a security data cloud company based in San Francisco.
– The company emerged from stealth with $17m in Series A funding.
– The round was led by Index Ventures with participation from Sequoia Capital, Christian Almenar and Jacolon Walker.
– The new investment will be used to scale the company’s development efforts for its security data cloud platform.
Unicorn Nest news
Picsart Raises $130 Million to Expand its Creator Platform, Valuing the Company at More Than $1 Billion
– Picsart announced it has raised $130m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company.
– With over $100m in annual revenue run rate, Picsart is now valued at over $1bn.
– The company has raised a total of $195m in capital since its founding.
– With users in 180 countries, Picsart’s base of more than 150 million monthly active users produce more than 1bn edits each month, making it the largest community for Gen Z creators.
Unicorn Nest news
Cribl Raises $200M in Series C Funding
– Cribl from San Francisco develops an Observability Pipeline to provide real-time visibility into the data center.
– Series C $200m round led by Greylock and Redpoint Ventures, with participation from new investor IVP, existing investors Sequoia and CRV, and strategic backers Citi Ventures and CrowdStrike.
– The company intends to use the funds to expand operations and its business reach.
Unicorn Nest news
India’s Zetwerk valued at $1.33 billion in new funding
– Zetwerk, a B2B marketplace for manufacturing items, raised $150m in Series E funding.
– The round was led by D1 Capital Partners and joined by new investors Avenir and IIFL, and existing investors Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital and Accel Partners.
– The company plans to deploy the fresh capital to broaden its technology stack and expand to more international markets.
Unicorn Nest news
Amazon backs Indian wealth management service Smallcase in $40 million funding
– Amazon backed Bangalore-based startup Smallcase in a $40m Series C financing round.
– The round was led by Faering Capital and Premji Invest.
– Existing investors Sequoia Capital, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank also participated in the new round.
– Smallcase offers a platform to help introduce a new generation of investors to the Indian equity markets.
– The startup offers an in-house team of licensed professionals who offer more than 100 portfolios of stocks and exchange-traded funds, as well as provides its users access to independent investment managers, brokerages and wealth platforms.
– Smallcase has amassed over 3 million users, who are transacting about $2.5 billion each year.
Unicorn Nest news
Maven Clinic Raises $110M in Series D Funding
– Maven Clinic from New York provides virtual clinic for women’s and family health, offering continuous, holistic care for fertility, pregnancy and parenting.
– Company raised $110m in Series D funding.
– The round was led by Dragoneer Investment Group, Lux Capital with participation from BOND, Sequoia, Oak HC/FT, and Icon Ventures, as well as Oprah Winfrey.
– The new investment will be used to expand into new populations and to invest in additional product innovation to further enhance its member experience designed to improve clinical outcomes.
Unicorn Nest news
xentral, an ERP platform for SMBs, raises $75M Series B from Tiger Global and Meritech
– German startup xentral, which develops ERP for online small businesses, raised $75m in Series B funding.
– The round was led by Tiger Global and Meritech, and joined by existing investors Sequoia Capital, Visionaries Club (a B2B-focused VC out of Berlin) and Freigeist.
– The cash will be used to enhance product, hire staff and expand the U.K. operation toward a more global ERP market, which is expected to reach $32 billion by 2023.
Unicorn Nest news
Sequoia leads $13M investment in Aalto, an online marketplace that lets homeowners sell directly to buyers
– Aalto is a private homeowner marketplace.
– The company has raised $13m in Series A funding.
– The round was led by Sequoia Capital and joined by Background Capital, Defy Partners, Maple VC and Greg Waldorf.
– The company claims that a potential seller can list their home on its platform in five minutes, rather than a typical process that is closer to five weeks.
Unicorn Nest news
Nubank co-leads $45 million investment in Indian neobank Jupiter
– Jupiter, a neobank for consumers in India, raised $45m funding.
– The round was led by Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India.
– Mirae Assets Venture also joined the round.
– The startup has built a number of products, including a savings account bundled with features that aim to simplify money management.
– The platform, which positions itself as a “100% digital bank,” also offers the ability to buy now and pay later on UPI, a standard developed by a coalition of banks in India that has become the most popular way people in the country transact online.
– In about a month, the startup plans to launch to the public.
Unicorn Nest news
Knowde Raises $72M in Series B Funding
– Knowde is a San Jose, Calif.-based marketplace for ingredients, polymers and chemistry.
– The company raised $72m in Series B funding.
– The round was led by Coatue with participation from existing investors Sequoia Capital, Refactor Capital, Bee Partners and Cantos Ventures and new investors Sound Ventures, a venture capital firm founded by Ashton Kutcher and Guy Oseary; TQ Ventures, founded by Schuster Tanger, Andrew Marks, and Scooter Braun; K5 Global; and, Mantis VC, in partnership with The Chainsmokers.
– The company intends to use the funds for product development for new buyer and supplier features, further enhancements to its ecommerce capabilities, and international expansion opportunities.
Unicorn Nest news
Statsig Raises $10.4M in Series A Funding
– Statsig is a platform that enables product teams to assess the impact of new features and deliver products to customers.
– The company raised $10.4m in Series A funding.
– The round was led by Sequoia Capital with participation from Madrona Venture Group and several individual investors including Aparna Chennapragada (CPO at Robinhood), Calvin French-Owen (Co-founder of Segment), Dylan Field (CEO & Cofounder at Figma), Fidji Simo (ex-Facebook and CEO at Instacart), Gokul Rajaram (Product Leader at DoorDash), Hadi Partovi (CEO and Founder at Code.org), Jay Parikh (ex-VP at Facebook and co-CEO at Lacework), and Sriram Krishnan (ex-Twitter and General Partner at a16z).
– The company intends to use the funds to continue to expand operations and its business reach.
Unicorn Nest news
Fireblocks Secures $310M Series D Round
– Fireblocks, the preeminent platform that empowers the entry of traditional institutions into the digital asset space, has raised $310m in Series D funding.
– The round is co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X.
– This extension of capital marks a significant milestone for Fireblocks, boosting the company’s valuation to over $2b.
Unicorn Nest news
Fintech Startup Landis Closes on $165M Fundraise to Help Americans Become Homeowners
– Landis, a startup that uses technology and data science to help renters reach homeownership, announced the close of $165m in debt and Series A equity financing.
– Led by Sequoia Capital, the Series A round also included participation from Arrive, a Roc Nation company, Will Smith’s Dreamers VC as well as existing investor Signia Venture Partners.
– This latest funding brings Landis’ total debt and equity raised to $182m since the company’s launch.
– Landis is a social impact-driven company with a mission to guide renters on their unique path to purchasing a home.
– The company’s technology helps Americans save money and build a stronger financial foundation through homeownership.
Unicorn Nest news
Acelerate raises $14.44M Series A to turn existing restaurants into cloud kitchens
– Acelerate, a software company looking to help restaurants make the most out of their infrastructure, is announcing the close of a $14.44 million Series A financing led by Sequoia Capital.
– The startup was founded by George Jacobs, who grew up working in his family’s pizzeria.
– He attended USC with a plan to get a business degree and ultimately expand Georgee’s Pizza, but realized that there was an opportunity beyond his own family restaurant to help all kinds of restaurants in the wake of the tech boom.
– After a couple of years at Doordash, he came up with the idea for Acelerate, a startup working to give restaurants a way to make the most of their infrastructure.
Unicorn Nest news
Ray Ozzie’s cellular IoT startup Blues Wireless raises $22M from Bill Gates and others
– Blues Wireless, an IoT startup founded by former Microsoft exec Ray Ozzie, has raised $22m from investors including Microsoft co-founder Bill Gates.
– Sequoia Capital and former Stripe exec Lachy Groom led the Series A round, which will fuel growth for the company’s technology that helps product manufacturers send data from their physical assets to cloud-based apps over cellular networks.
– Blues is the latest venture from Ozzie, who invented the Lotus Notes group messaging platform in the 1980s. He later launched and sold two startups to Microsoft: Groove Networks in 2005, and Talko in 2015. He joined Microsoft after the Groove deal, ultimately succeeding Gates as the company’s chief software architect, and helping to lead the launch of Microsoft’s Azure cloud computing platform.
Unicorn Nest news
Mmhmm raises $100M, which is a fun thing to say to people who don’t follow tech
– mmhmm, a startup with a silly name, raised $100m in funding.
– The funding was led by SoftBank’s Vision Fund and joined by Sequoia Capital and others.
– The company was founded by Phil Libin, the founder of Evernote.
– The company provides improved video chat tools, including automatic background removal and advanced presentation features.
Unicorn Nest news
r2c raises $27M to scale its security-focused code analysis service
– r2c, a startup building a SaaS service around the Semgrep open-source project, announced that it has closed a $27 million Series B.
– Felicis led the round, which the company said was a pre-emptive deal.
– Prior investors firms Redpoint and Sequoia also participated in the fundraising event; r2c last raised a $13 million Series A in October of 2020.
– The startup fits into several trends that TechCrunch has explored in recent quarters, including what appears to be a growing number of open-source (OSS) grounded startups raising capital, more rounds coming to exist thanks to investors looking to get the jump on inside rounds before they can form.
Unicorn Nest news
Glossier Inc. Raises $80 Million
– Glossier Inc. announced that it has raised $80m in Series E funding.
– Lone Pine Capital led the round, along with participation from existing investors Forerunner Ventures, Index Ventures, IVP, Sequoia Capital, and Thrive Capital.
– The fully direct to consumer business will continue to scale its online and offline channels globally as it builds the world’s #1 destination for beauty discovery.
– Glossier was founded in 2014 and is on a mission to inspire everyone to find joy and confidence in their personal beauty style.
– The company has more than 5m customers globally and has become a household name across generations, especially with Gen Z and Millennials; two out of every five women between the ages of 18 and 34 in the United States have heard of Glossier.
Unicorn Nest news
Physna Raises $56M In Funding
– Physna is a Columbus, OH-based geometric search company.
– Company raised $56m in Series D funding.
– The round was led by Tiger Global with participation from GV and Sequoia Capital.
– The new investment will be used to scale and develop its geometric deep-learning platform, as well as its free public geometric search engine, Thangs.
Unicorn Nest news
Versa Networks Secures $84M in Series D Funding to Accelerate SASE Growth
– Versa Networks, the leader in SASE, announced that it has raised $84m in a Series D funding round, bringing the company’s total amount raised in funding to $196m.
– The funding round was co-led by investors Princeville Capital and RPS Ventures, with additional participation from existing investors, including Sequoia Capital.
– This new round of funding will enable Versa to introduce new go-to-market strategies, launch new sales and partner enablement initiatives, and address new markets to further cement its leadership position in the Secure Access Service Edge (SASE) market.
– According to Gartner, the SASE market is expected to grow at a CAGR of 42%, reaching almost $11bn, with at least 40% of enterprises having SASE adoption strategies in place by 2024.
Unicorn Nest news
Thumbtack Secures $275 Million Investment at $3.2 Billion Valuation
– Thumbtack, the modern home management platform, announced it has secured a $275 million investment at a valuation of $3.2 billion.
– The round was led by Qatar Investment Authority and joined by Blackstone Alternative Asset Management as well as G Squared.
– Prior investors Baillie Gifford, CapitalG, Founders Circle Capital, Sequoia Capital, and Tiger Global Management also participated.
– The new funding will be used to accelerate innovation, fuel the company’s growth, and drive continued adoption.
– The modern home is more connected, but home services remains one of the largest markets still in the early stages of moving to digital.
Unicorn Nest news
Anrok Secures $4.3M in Seed Funding, Launches Modern Sales Tax Solution for SaaS Businesses
– Anrok, the sales tax solution built specifically for software-as-a-service (SaaS) businesses, announced the launch of its new platform, along with $4.3M in seed funding co-led by Index Ventures and Sequoia Capital.
– The platform, which allows internet businesses to determine, calculate, and manage ever-shifting sales tax obligations, arrives at a time when internet SaaS businesses are facing a major shift in the taxability of software.
– In 2018, a Supreme Court decision in South Dakota v. Wayfair paved the way for states to collect billions of dollars in tax revenue from purchases made online.
– Of the 45 states that levy sales tax, all have since introduced revenue or transaction thresholds that, once crossed, mandate companies to collect and remit sales tax.
Unicorn Nest news
Faire Nearly Triples its Valuation to $7B With $260M Series F Funding Round Led by Sequoia
– Faire, the online wholesale marketplace connecting more than 200,000 retailers across North America and Europe with 20,000 brands from over 80 countries, announced the closing of $260 million in a Series F investment round led by Sequoia Capital.
– The funding, which includes all existing investors as well as new global investors Baillie Gifford and Wellington Management, values Faire at $7 billion, nearly tripling its previous valuation of $2.5 billion announced just over six months ago.
– This funding and vote of confidence from world-class investors comes just weeks after Faire’s expansion into Europe, which brings the platform’s powerful cross-border network effects to the $1 trillion European market.
– Across North America and Europe, independent retailers are doing more than twice the revenue of Walmart and Amazon combined.
Unicorn Nest news
Pennylane raises $18.3 million for its accounting service
– French startup Pennylane has raised a new $18.3m funding round.
– The round was led by Sequoia Capital.
– The company has already attracted hundreds of clients as it says 1,000 executives are currently using Pennylane.
Unicorn Nest news
Getir Raises $550M in Series D Funding at $7.5 Billion Valuation
– Getir from Istanbul develops a grocery delivery app.
– Series D $550m funding round brings company valuation to $7.5b.
– The round was led by Silver Lake, DisruptAD, Mubadala and insiders Tiger Global and Sequoia Capital.
– The new investment will be aimed at further expansion into the United States.
Unicorn Nest news
Stemma launches with $4.8M seed to build managed data catalogue
– Stemma, a new early-stage startup, has come up with a solution, a managed data catalogue that acts as an organization’s source of truth.
– The company announced a $4.8m seed investment led by Sequoia with assorted individual tech luminaries also participating.
– The product is also available for the first time.
Unicorn Nest news
Cross-browser app testing platform LambdaTest raises $16M
– Web app testing platform LambdaTest announced it has raised $16 million in a series B round of funding led by Sequoia Capital.
– The company, which now has its headquarters in San Francisco, claims a number of major customers, including Apple, Microsoft, Cisco, Coca-Cola, and HubSpot.
– Regardless of a company’s size, the potential number of browser, device, and operating system combinations make it difficult to fully test new software across all potential scenarios — someone running the company’s application on Windows 7 through an old version of Firefox won’t necessarily have the same experience as someone using the latest version of Chrome on Windows 10.
Unicorn Nest news
Skiff, an end-to-end encrypted alternative to Google Docs, raises $3.7M seed
– Skiff, a document editor with a similar look and feel to Google Docs, allows you to write, edit and collaborate in real time with colleagues with privacy baked in.
– The company has raised $3.7m in seed funding from venture firm Sequoia Capital, just over a year since Skiff was founded in March 2020.
– Alphabet chairman John Hennessy, former Yahoo chief executive Jerry Yang and Eventbrite co-founders Julia and Kevin Hartz also participated in the round.
– The company will use the seed funding to grow the team and build out the platform.
Unicorn Nest news
Snapdocs Raises $150 Million in Series D Funding
– Snapdocs announced that it has raised $150m in Series D funding.
– The new round will accelerate Snapdocs’ vision of building the digital infrastructure that connects lenders, settlement services and borrowers together to digitize mortgage closings at scale.
– Tiger Global led the round with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management.
– This brings Snapdocs’ total funding to $260m and increases valuation to over $1.5b.
– Snapdocs enables lenders to connect with all parties and technologies involved in a mortgage transaction to complete the entire closing process online.
– The solution is comprehensive – a networked platform that allows the many participants in a mortgage closing to work together more efficiently and close more deals.
Unicorn Nest news
Canvas lands $20M so tech’s biggest companies can find diverse talent
– Canvas, a diversity recruiting platform, raised $20m in funding.
– The round was led by Lachy Groom and Sequoia Capital co-led the round, which included participation from Four Rivers Capital.
– It brings Canvas’ total raised to $32.5m.
Unicorn Nest news
Forter Doubles Revenue in Last 12 Months; Raises $300M for a $3B Valuation
– Forter has raised $300m in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management.
– Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
– The announcement comes six months after the company completed its $125m Series E round, almost tripling the valuation to $3bn.
– Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together.
– Forter’s platform brings together merchants, banks and payment providers to dramatically improve authorization rates, eliminate false declines and allow consumers to shop with greater convenience and enjoy a more personalized, secure experience.
Unicorn Nest news
Noom Announces $540 Million in Growth Funding to Further Accelerate Expansion of its Digital Health Platform
– Noom announced its approximately $540m Series F funding led by Silver Lake.
– The round was also participated by Oak HC/FT, Temasek, and Novo Holdings.
– Existing investors Sequoia Capital, RRE, and Samsung Ventures also participated.
– Noom is a leading digital health platform focused on behavior change.
– The company applies a highly-differentiated, psychology-based approach to health and wellness by harnessing behavior change and technology to create long-term positive health outcomes.
– With more than a decade of research, innovation, and product development, Noom has attracted millions of global users to its powerful consumer-first platform.
Unicorn Nest news
Ex-Square execs launch Found to help the self-employed, raise $12.75M from Sequoia
Unicorn Nest news
Loom Raises $130M in Series C Funding; Valued at $1.53 Billion
– Loom is a video messaging platform for work.
– The company raised $130m in Series C funding.
– The round was led by Andreessen Horowitz, with participation from Iconiq Growth, Kleiner Perkins, Sequoia Capital, Coatue Management, and General Catalyst.
– The new funding will be used to drive product innovation and scale operations globally.
Unicorn Nest news
Vise Raises $65M in Series C Funding
– Vise is a NYC-based AI-powered investment management platform built for advisors.
– The company raised $65m in Series C funding.
– The round was led by Ribbit Capital, with participation from existing investors Sequoia Capital.
– The new investment will be used to continue to expand operations and rollout of new product features.
Unicorn Nest news
Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda
– Telda, a digital bank, raised $5m in pre-seed funding.
– The giant U.S. VC firm Sequoia led the this round as Berlin-based Global Founders Capital (GFC) and emerging markets-focused fund Class 5 Global participated.
– The company plans to launch its card in the coming months.
Unicorn Nest news
Security And Compliance Platform Company Vanta Raises $50 Million
– Vanta is a security and compliance platform.
– The company raised $50m in Series A funding.
– Sequoia Capital led the round and joined by Y Combinator.
– The company will use the new funding to meet customer demand, launch new products, and open a second office in New York.
Unicorn Nest news
Jifflenow Closes $11.9M Funding
– Jifflenow, a MAP that helps marketing and sales teams automate the scheduling of business meetings at live and virtual events, has raised $11.9m in a new funding round.
– The funding round was led by software growth equity firm Trousdale Capital with participation from Jifflenow’s existing major investors Accel, Saama Capital, Sequoia Capital.
Unicorn Nest news
ReleaseHub Raises $2.7M in Seed Funding
– ReleaseHub is a San Francisco, CA – based maker of Environments-as-a-Service.
– Company raised $2.7m in seed funding.
– The round was led by Sequoia with participation from Y Combinator, Rogue VC, Liquid Capital, and other angel investors.
Unicorn Nest news
n8n Raises $12M in Series A Funding
– n8n is a Berlin, Germany-based provider of a next-gen workflow automation tool.
– The company raised $12m in Series A funding.
– The round was led by Felicis Ventures with participation from Sequoia Capital, firstminute Capital, and Harpoon Ventures and angels Kevin Hartz, Co-Founder of Eventbrite, Ilkka Paananen, Supercell CEO and Founder and early employees of Google and Zendesk among others.
– The new investment will be used to invest in its product, to build its team, hire across functions including engineering, developer relations, sales and marketing.
Unicorn Nest news
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.
Unicorn Nest news
Bigeye Raises $17 Million Series A to Build Trust in Data
– Bigeye, the leading data quality engineering platform formerly known as Toro, today announced $17m in funding to help organizations build trust in their data.
– Led by Sequoia Capital with participation from existing investor Costanoa Ventures, the latest round will be used to improve the platform and make it available to more data teams.
– Data is increasingly core to modern business, woven into the products and services that directly affect customers and the health of the business. To keep pace, data engineering has increased in scale, complexity, and automation.
– As a result, human fail-safes no longer exist and operational issues like delayed, missing, duplicated, or damaged data cannot be detected manually. Software engineers address these issues with Site Reliability Engineering techniques, but data teams have lagged behind.
Unicorn Nest news
C2i, a genomics SaaS product to detect traces of cancer, raises $100M Series B
– C2i Genomics, a cancer detection company, raised $100m in Series B funding.
– The round was led by Casdin Capital and joined by new investors including New Enterprise Associates (NEA), and existing investors including Sequoia Capital, and others.
– The company plans to use the funding to expand its research and development efforts.
Unicorn Nest news
Getir Closes $300M Series C Funding; Valued at $2.6 Billion
– Getir is a grocery delivery company from Istanbul, Turkey.
– Company closed a $300m Series C funding round led by Sequoia Capital and repeat investor Tiger Global.
– The new investment will be used to grow in Turkey and the UK and expand into three more European markets in the coming months.
Unicorn Nest news
Cresta, which uses AI to mentor customer service agents in real time, raises $50M
– Cresta, an AI-powered platform that offers real-time support to help customer service agents respond to inquiries on calls or in chats, has raised $50 million in a series B round of funding.
– The company’s latest investment, which was led by Sequoia Capital, with participation from Greylock Partners, Andreessen Horowitz, Allen & Company, and Porsche Ventures, comes after a year of growth that saw its revenues quadruple.
– It’s difficult to read too much into any first-year revenue growth metrics, but it’s clear that companies are hankering for technology that helps them optimize their customer-facing operations.
– Contact centers have proven fertile ground for AI, with a slew of companies emerging to offer their own take on how automation can improve companies’ interactions with their customers.
Unicorn Nest news
Capitolis Raises $90M in Series C Funding
– Capitolis from New York, London and Tel Aviv provides a SaaS platform that drives financial resource optimization for capital markets.
– Total funding to date reached $170m.
– The round was led by Andreessen Horowitz with participation from existing investors Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan and State Street.
– The new investment will be used to drive further innovation in its technology and product development, bolster customer support and sales and grow its team from 90 employees to over 150 by year’s end.
Unicorn Nest news
ServiceTitan Bags $500M Series F Financing
– ServiceTitan from Phoenix has raised a $500M Series F growth financing.
– The round was led by Tiger Global Management and Sequoia Capital Global Equities with significant participation from existing investors, including Bessemer Venture Partners, ICONIQ Capital, Battery Ventures, Index Ventures, Durable Capital, Dragoneer Investment Group, and funds and accounts advised by T. Rowe Price Associates.
– ServiceTitan serves more than 7,500 contracting businesses that collectively employ more than 100,000 technicians and perform more than $20 billion worth of annual transactions across various home and commercial service verticals, including plumbing, air conditioning, electrical, and more.
Unicorn Nest news
Meet the Newest Fintech Unicorn: Bezos Expeditions & Whale Rock join Pilot’s Push to Modernize the Back Office
– Pilot, the largest provider of back office services for startups and small businesses in the U.S., announced today that it has closed on additional funding led by Bezos Expeditions (the personal investment company of Jeff Bezos) and Whale Rock Capital, with participation from Sequoia Capital and Index Ventures, that increases the Series C to $100 million and doubles the company’s valuation to $1.2Bn.
– The additional funding enables Pilot to further expand its breadth of back office services that offload day-to-day distractions and allow small business owners and founders to focus on growth.
Unicorn Nest news
Legal writing startup Clearbrief raises $1.2M from Madrona, Sequoia, Avvo founder, others
– Clearbrief, a new Seattle startup that has developed AI-fueled writing technology for the legal industry, raised $1.2m.
– Venture capital heavyweights Sequoia Capital and Madrona Venture Group invested, in addition to Avvo founder Mark Britton and other tech execs.
– Clearbrief’s software uses natural language processing to assess how a given sentence is backed up by supporting evidence.
– It can be used by lawyers to assess their own work or their competitors’ briefs.
– It can also help judges read a brief alongside evidence, all in one place.
– The idea is to save time and money while improving accuracy; it replaces a process traditionally done by humans.
– The product works inside of Microsoft Word; Clearbrief files can also be accessed in the cloud.
Unicorn Nest news
Wiz Raises $130M in Series B Funding; Valued at $1.7 Billion
– Wiz from Palo Alto and Tel Aviv develops a platform for companies to secure their cloud infrastructure at scale.
– Series B $130m round brings company valuation to more than $1.7b.
– The round was led by Advent Venture Partners with participation from existing investors Cyberstarts, Index Ventures, Insight Partners and Sequoia Capital.
– The new investment will be aimed at expanding operations and business reach since its emergence from stealth three months ago.
Unicorn Nest news
Oso announces $8.2M Series A to simplify authorization for developers
– Oso, an early stage startup, has created an open source library for developers to make it easier to build authorization in their applications.
– The company announced an $8.2m Series A led by Sequoia with participation from SV Angel, Company Ventures, Highland Capital and numerous angel investors.
– When combined with a $2.7m seed round from 2019, it brings the total raised to $10.9m.
Unicorn Nest news
Stripe Raises $600M; Valued at $95 Billion
– Stripe is a San Francisco, CA-based provider of a payments infrastructure for the internet.
– The company raised $600m in Series E funding.
– The round was led by Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency (NTMA).
– The new investment will be used to invest in its European operations, its Dublin headquarters in particular, and expand its Global Payments and Treasury Network.
Unicorn Nest news
Writing helper Copy.ai raises $2.9M in a round led by Craft Ventures
– Copy.ai, a startup building AI-powered copywriting tools for business customers, announced a $2.9m funding.
– The investment was led by Craft Ventures and joined by smaller checks from Li Jin’s newly-formed Atelier Ventures, and Sequoia.
– The startup is notable for a few reasons. First for its model of building in public. I initially heard of the company through its monthly updates that it posts on Twitter. Thanks to that, I can tell you that Copy.ai generated monthly recurring revenue (MRR) of $53,600. That figure, up 46% from January, works out to annual recurring revenue (ARR) of $643,200.
Unicorn Nest news
Gather Raises $26M in Series A Funding
– Gather is a virtual gathering space platform.
– The startup raised $26m in Series A funding.
– The round was led by Sequoia Capital, with participation from Index Ventures, YC Continuity, Jeff Weiner, Dylan Field and Kevin Hartz.
– The company intends to use the funds to continue to expand operations and its business reach.