Hive Announces Series D Funding to Unlock the Next Wave of Intelligent Automation with AI

22 Apr, 2021

Hive Announces Series D Funding to Unlock the Next Wave of Intelligent Automation with AI
Photo by Daniele D'Andreti on Unsplash

– Hive, the leading provider of cloud-based enterprise AI solutions to power the next wave of intelligent automation, announced $85 million in new funding, bringing the company’s total funding to $121 million. The funding values the company at $2 billion.
Glynn Capital led the $50 million Series D round, with participation from returning investors including General Catalyst, Tomales Bay Capital, Jericho Capital, and Bain & Company, among others. This funding round doubles the company’s valuation from an earlier $35 million Series C round led by Tomales Bay Capital in 2020 that included new strategic investments from Bain & Company and Visa.

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