Weekly Funding Insights
Hey there!
Here are some interesting insights on the funding activity that happened over the last week.
Over $11.8B were invested in 368 companies worldwide.
Performance Metrics of companies that got funded last week
Funding round that caught our eye
Tempo
2015 | United States | $299M
💰 Raised $220M in Series C led by SoftBank Vision Fund
Tempo is a home fitness platform, combining equipment, training guidance, and social motivation with 3D sensors and artificial intelligence.
Tempo witnessed its sales increase by 10 times over the year till Apr ‘21 with a 0% churn rate. With the new funding, it plans to expand its content offerings into categories like yoga and boxing classes.
Tempo’s Competitive Landscape
Noticeable companies that raised funding
SpaceX
2002 | United States | $7.5B
💰 Raised $1.2B
SpaceX is an aviation and aerospace company that designs, manufactures, and launches advanced rockets and spacecraft.
Epic Games
1991 | United States | $4.4B
💰 Raised $1B from Baillie Gifford, KKR, Altimeter, Appaloosa Management, AllianceBernstein, Park West Asset Management, Luxor Capital, Ontario Teachers' Pension Plan, BlackRock, Fidelity, T. Rowe Price, Sony, Franklin Templeton, GIC
Epic Games is an American video game and software company that creates games and offers its game engine technology to other developers.
SambaNova Systems
2017 | United States | $1.1B
💰 Raised $676M in Series D led by SoftBank Vision Fund
SambaNova Systems builds AI hardware and integrated systems to run AI applications from the data center to the cloud.
Polestar
1996 | Sweden | $550M
💰 Raised $550M led by Zibo, Chongqing Chengxing
Polestar is an electric performance brand, focused on uncompromised car design and technology.
Scale AI
2016 | United States | $603M
💰 Raised $325M in Series E led by Tiger Global, Greenoaks, Dragoneer
Scale AI is the data platform for AI, providing high quality training data for leading machine learning teams.
Groq
2016 | United States | $362M
💰 Raised $300M in Series C led by Tiger Global, D1 Capital
Groq develops a tensor processing unit, which is an integrated circuit developed specifically for machine learning.
Signifyd
2011 | United States | $390M
💰 Raised $205M in Series E led by Owl Rock Capital
Signifyd provides an enterprise-grade fraud technology solution for e-commerce stores.
Clearcover
2016 | United States | $305M
💰 Raised $200M in Series D led by Eldridge
Clearcover is a digital car insurance provider offering coverage for less money.
Benchling
2012 | United States | $312M
💰 Raised $200M in Series E led by Sequoia Capital Global Equities
Benchling is a cloud-based software platform for biology researchers and research and development organizations.
Degreed
2012 | United States | $390M
💰 Raised $153M in Series D led by Sapphire Ventures, Riverwood Capital
Degreed is an upskilling platform where individuals and organizations can discover content, build skills, and certify expertise.