Oakland-based Even , provider of a financial app to to help hourly workers manage their pay, announced it has raised $40 million in new funding. The round was led by Khosla Ventures, with participation from Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank, Bull City Venture Partners and others. The company has raised more than $50 million since it was founded in 2014.
San Francisco-based Light, which develops computational imaging technology, announced it has raised $121 million in Series D funding. SoftBank, through its Vision Fund, led the round, with Leica Camera AG also participating. The company, which makes a 16-lens camera that sells for $1.95o, was founded in 2013 and has now raised $185.7 million in total funding. Light said it will use the new funding to expand beyond consumer photography and into security, robotic, automotive, aerial and industrial imaging applications. In addition, it expects to make its multi-camera technology available in a mobile phone later this year. Source: Company announcement
Seattle-based Seeq Corp, a provider of industrial internet of things advanced analytics software, announced it has raised $23 million in Series B funding. Altira Group led the round with participation by Chevron Technology Ventures, next47, the Siemens-backed global venture firm, Second Avenue Partners and other existing investors. As part of the round, J.P. Bauman, a principal with Altira, has joined the board. Next47 and Chevron will each have observer status. The company, founded in 2013, has now raised about $35 million in total funding. Source: Company announcement
Los Angeles-based Octi, an augmented video creation company leveraging machine learning and computer vision, announced that it has raised a seed round of $7.5 million with participation from Shasta Ventures, I2BF Ventures, Bold Capital Partners, Day One Ventures, Human Ventures, Live Nation and AB InBev. Joining the round are a number of individuals, including Tom Conrad, former VP of product at Snap; Shiva Rajaraman, chief product officer of technology at WeWork; Scott Belsky, chief product officer of Adobe; Abbe Raven, chairman at A&E Networks; and Joshua Kushner. Octi also said it has entered into a strategic investment and partnership with the NFL Players Association via its athlete-driven accelerator, the OneTeam Collective. The partnership will enable fans to create videos in which they interact with NFL player avatars. Source: Company announcement
Tel Aviv-based Arbe Robotics, which develops high-resolution imaging for use in autonomous vehicles, announced it has raised $10 million in additional capital. The investment was led by 360 Capital Partners and included existing investors Canaan Partners Israel, iAngels, Manic Mobility, OurCrowd, O.G. Tech Ventures and Taya Ventures. The company, founded in 2015, has now raised $23 million in total funding. PRESS RELEASE Arbe Robotics Continues to Drive Next-generation Autonomous Vehicle Sensing Technology With $10 Million Capital Raise TEL AVIV, Israel (July 11, 2018) – Arbe Robotics, the world’s first company to demonstrate 4D high-resolution imaging radar, today announced it has raised $10 million in additional capital. The investment will expedite the development of the Company’s next-generation imaging radar for the autonomous vehicle industry, the expansion of its customer-facing US operations, and enhanced focus on expanding its presence in the Chinese automotive market. This investment
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Palo Alto, California-based Next Insurance, provider of online insurance services for small businesses, announced it has raised $83 million in Series B funding. Redpoint Ventures led the round, which included Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, SGVC, TLV Ventures and Zeev Ventures. The company has now raised $131 million since it was founded in 2016. As part of the round, Elliot Geidt, managing director of Redpoint, will join the board. Source: Company release
Somerville, Massachusetts-based Perceptive Automata, provider of AI technology for autonomous vehicles, has emerged from stealth and announced it has raised $3 million in seed funding. Investors include First Round Capital and Slow Ventures. Source: Company announcement
San Mateo, California-based Lime, operator of a fleet of lime-green colored bicycles and electric scooters, announced on Monday it has raised $335 million in a round led by GV that reportedly values the company at $1.1 billion. Also participating in the round is strategic investor Uber and new investors Alphabet, IVP, Atomico and Fidelity Management and Research Company. Existing investors Andreessen Horowitz, Coatue Management, Fifth Wall and GIC also participated in the round. As part of the funding, GV General Partner Joe Kraus has joined the board. Uber, which earlier this year bought bike sharing company Jump, will partner with Lime to provide its electric scooters for rental in available markets. Source: Lime blog post
Berkeley, California-based Oasis Labs, a provider of cloud computing platform for the blockchain, announced it has raised $45 million in funding from a16zcrypto, (the new crypto-focused fund of Andreessen Horowitz), Accel, Binance, Polychain, Metastable, Bitmain and others. The company says it is designing a platform to overcome performance, security and privacy limitations that have hampered blockchain adoption to date. Source: Company announcement
Abingworth announced it has wrapped up Abingworth Bioventures VII with $315 million in commitments. The fund is Abingworth’s 12th to invest multi-stage life sciences companies in the United States and Europe. The firm, which has offices in London, Menlo Park and Boston, said it raised the fund from endowments, foundations, fund-of-funds, family offices, healthcare corporations, insurance companies and pension plans in the U.S., Europe and Asia.
New York-based Oden Technologies, which provides manufacturing data analytics to help digitize factories, announced it has raised a $10 million Series A round. Atomico led the round with participation from existing investors, including EQT Ventures, Inbox Capital and its seed investors. As part of the round, Atomico CEO Niklas Zennström will join the company’s board. The company, founded in 2014, previously raised about $6 million.
Venice, California-based electric scooter provider Bird, which has been rumored for weeks to be raising a large round at a billion-dollar valuation, announced it has closed its Series C funding at $300 million. Sequoia Capital led the round, which included new investors Accel, B Capital, CRV, Sound Ventures, Greycroft Partners and e.ventures, as well as previous investors Craft Ventures, Index Ventures, Valor, Goldcrest, Tusk Ventures and Upfront Ventures. As part of the funding, Sequoia Partner Roelof Botha has joined the board. Valuation was not disclosed, but Quartz reported in mid-June that the $300 million Bird was raising was at a $2 billion valuation. The company was founded by Travis VanderZanden, a former executive with Uber and Lyft. Bird raised $100 million in Series B funding in March. PRESS RELEASE Bird Secures $300 Million to Reduce Car Trips, Traffic and
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Berkeley, California-based Everlaw, provider of collaborative litigation software, announced it has raised $25 million in Series B funding. Menlo Ventures led the round, with participation from Andreessen Horowitz, which led the company’s $8 million Series A round in early 2016. Other investors have included K9 Ventures and Ulu Ventures. Everlaw, founded in 2010, has now raised more than $34 million. PRESS RELEASE Everlaw Secures $25 Million Series B Funding to Help Litigators Win Menlo Ventures backs cloud-based ediscovery platform to strengthen lead in litigation support BERKELEY, Calif., June 28, 2018 – Everlaw, the cloud-based ediscovery and litigation platform, today announced a $25 million Series B funding round. New investor Menlo Ventures led the round, with continued participation from Andreessen Horowitz. This brings Everlaw’s total funding to over $34 million. Everlaw will use the new funds to accelerate development of its collaborative litigation software, which features blink-speed document search, AI-powered
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Chicago-based Bento for Business, a provider of financial management solutions for small and mid-size businesses, announced it has raised $9 million in growth-stage funding. Edison Partners led the round. The company was founded in 2013 and previously raised $9,5 million. Source: Company announcement
San Francisco-based Pared, which operates a restaurant labor marketplace, announced it has raised $10 million in Series A funding. CRV led the round, which included seed investors Uncork Capital and True Ventures. As part of the latest funding, Saar Gur, a partner at CRV, has joined the board. The company, founded in 2015, has now raised $13 million in total funding. The company connects experienced restaurant professionals looking for temporary shifts at restaurants, caterers, and corporate and commissary kitchens. Source: Company blog post
Bethesda, Maryland-based Quantum Xchange, a provider of fiber-optic network and data protection services, announced its launch and it has raised $10 million in Series A funding. New Technology Ventures led the funding. (NTV). The company is led by President and CEO John Prisco. Source: Company announcement
San Francisco-based Unison Home Ownership Investors, a provider of home ownership investments, announced it has raised $40 million in a Series B round of funding. F-Prime Capital led the funding, joined by Citi Ventures and Royal Bank of Canada. As part of the round, David Jegen, a partner at F-Prime Capital, will join the company’s board. The company was founded in 2004. Source: Company announcement
Boston-based Catalog, which develops DNA data storage technology, announced it has raised $9 million in funding led by New Enterprise Associates. Also participating in the round are OS Fund, Day One Ventures, messaging app Line, Data Collective, Green Bay Ventures, AME Cloud Ventures, Industry Ventures and others. The company was founded by MIT scientists Hyunjun Park and Nathaniel Roquet. Source: Company announcement
Berkeley, California-based Finless Foods, which uses cellular biology to make lab-grown seafood, raised a $3.5 million funding round led by Draper Associates. Other investors in the round include Softmatter VC, Starlight, U-Start Club, Blue Horizon, Hemisphere Ventures, Babel Ventures, Yakumi Investment, Olive Tree Capital and Harrison Blue Ventures. The company, founded last year by biochemists Michael Selden and Bryan Wyrwas, previously raised early funding from the San Francisco accelerator IndieBio and Hatch, a Norwegian aquaculture accelerator. Finless has also received investment from Hi-Food, an Italian company founded by food scientists. Source: Company announcement