Prodigal, the intelligence layer for loan servicing and collection operations, has announced a $12M Series A led by Menlo Ventures. Participating and existing investors include Accel, Y Combinator, and MGV. Lending industry veterans like Eric Sage (COO Plaid), Anand Joshi (ex American Express), and Nicholas Hinrichsen (CEO Carlypso) also joined the round. According to the…
ShipBob, a cloud-based logistics platform, has announced $200 million in funding, achieving unicorn status with their valuation more than doubling since their Series D round in September 2020. ShipBob is designed for small and medium-sized ecommerce businesses, providing them with fulfillment capabilities. The Series E financing was led by Bain Capital Ventures, who led ShipBob’s…
Edge Delta, which analyzes data using distributed stream processing and federated machine learning, has announced a $15-million Series A round led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors, MaC Venture Capital and Amity Ventures, are participating as well. “Five years ago, data volumes were smaller, and it was no…
Immersive Labs, has announced that it has closed $75m in Series C funding led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management. The company said in a statement, “The investment will accelerate delivery of a progressive new Cyber Workforce Optimization platform. From crisis management with executives…
Getaround, the carsharing platform that empowers users to instantly access and drive cars nearby, announced a $140 million Series E financing from PeopleFund with new investors including Reid Hoffman’s and Mark Pincus’ Reinvent Capital, AmRest founder Henry McGovern, Pennant Investors, and VectoIQ partners Steve Girsky, Mary Chan, and Julia Steyn. Existing investors SoftBank Vision Fund,…
Observe.ai, a San Francisco-based startup developing AI-based transcription and analytics software for call centres, announced it has raised $54 million in a Series B funding round. The funding round was led by Menlo Ventures, along with participation from Next 47 Ventures and NGP Capital. The company will use the funding to bulk up its R&D…
Synthego, the genome engineering company, announced that it raised $100 million in a Series D financing led by new investor Wellington Management, co-led by RA Capital Management and 8VC. Other investors that participated included Founders Fund, Menlo Ventures, and Intel Capital. This new round brings Synthego’s total private funding to more than $250 million. Also,…
Anvil, a US-based paperwork automation platform, announced it has raised $5 million in Series A investment. Gradient Ventures—Google’s AI-focused investment fund—led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio and 122 West. Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Anvil’s…