Gong going gangbusters, grabs $250M Series E on $7.25 B valuation

Gong going gangbusters, grabs $250M Series E on $7.25 B valuation

Gong, the income intelligence start-up, has been raising capital at a fast pace, and today the business announced another $250 million on a $7.25 billion appraisal, a number that triples its previous valuation from last summer. Franklin Templeton led today’s festivities with involvement from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global. The business […] The business is helping solve a difficult problem on how to bring more intelligence to the income process. While he wasn’t ready to discuss specific numbers, he did state that ARR grew 2.3 x in between Q1 last year and this year, and he states Q2 is on rate to triple ARR. “The assessment is up about 3x from last summer, however sales are more than 3x. With all this growth, the business is including staff members at a rapid rate.

Celonis snares $1B Series D on $11B evaluation

Celonis snares $1B Series D on $11B evaluation

Celonis, the late-stage process mining software startup, revealed a $1 billion Series D financial investment this morning on an eye-popping $11 billion evaluation, up from $2.5 billion in its Series C in 2019, quadrupling its value in just 2 years. Durable Capital Partners LP and T. Rowe Cost Associates co-led the round, with involvement from brand-new […] While it was at it, the business revealed it was calling knowledgeable financial pro Carlos Kirjner as CFO. Rinke states what’s driving this interest is the significant potential of the market even beyond process mining, which he sees as just a beginning point for a much bigger market., which includes robotic process automation, no-code workflow and other tools to bring more automated workflows to companies. Celonis began by mapping out precisely how work streams through a company, something that utilized to take expensive human experts months to figure out sitting with staff members and viewing how work streams.

SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. They had to adapt quickly to survive. If they didn’t use much technology before, they were suddenly being forced to, as so many things […] …

Workrise, when referred to as RigUp, raises $300M at a $2.9 B valuation

Workrise, when referred to as RigUp, raises $300M at a $2.9 B valuation

Workrise, which has built a labor force management platform for the experienced trades, revealed today that it has raised $300 million in a Series E round led by UK-based Baillie Gifford that values the business at $2.9 billion. New investor Franklin Templeton signed up with existing backers consisting of Creators Fund, Bedrock Capital, Andreessen Horowitz (a16z), Moore Strategic Ventures, […] You may understand Austin-based Workrise much better as its former name, RigUp. In 2020, Workrise laid off one-quarter of its business staff members as the market took an even bigger hit from the COVID-19 pandemic. Workrise was established in 2014 as a market for on-demand services and experienced labor in the energy industry.”The shift to tidy energy and a redoubling of financial investment in infrastructure are opening up tasks that are frantically in requirement of filling,” said Workrise co-founder and CEO (and previous energy financier) Xuan Yong in a declaration.

Newsela, the replacement for textbooks, raises $100M and ends up being a unicorn

Newsela, the replacement for textbooks, raises $100M and ends up being a unicorn

Newsela, a SaaS platform for K-12 training material backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by brand-new financier Franklin Templeton, and brings Newsela’s valuation to $1 billion. The new round is bigger […] The funding was led by new investor Franklin Templeton, and brings Newsela’s evaluation to $1 billion. Newsela has produced a platform that strings together a number of different third-party material, such as primary source documents or the newest National Geographic short articles. Newsela estimates that gross bookings have grown 115% over the pandemic, and that earnings grew 81%. …

Battery companies are the most recent SPAC target as EVs get a huge regulatory increase

Battery companies are the most recent SPAC target as EVs get a huge regulatory increase

Batteries are the current landing pad for investors. In the past week alone, two companies have actually announced plans to become openly traded business by combining with special purpose acquisition companies. European battery producer FREYR said Friday it would become a publicly traded company through a special function acquisition car with a appraisal at $1.4 billion. Houston-area […] Battery companies are the newest SPAC target as EVs get a substantial regulatory increase …

Allbirds CEO Joey Zwillinger on the startup’s $100 million round, spac, and success mania

Allbirds CEO Joey Zwillinger on the startup’s $100 million round, spac, and success mania

As individuals invest less time out and about and more time fantasizing about when a vaccine will get here, way of life shoes are just acquiring traction. One apparent beneficiary is Allbirds, the San Francisco-based maker of comfy, sustainable kicks that released in 2016 and quickly became a preferred in Silicon Valley circles prior to removing somewhere else. [ …] TC: Your shoes are offered worldwide. TC: We’ve all used shoes a lot less than we may have expected in 2020. We launched underwear and socks last year in a little launch. …

Rigetti raises $79M Series C for its quantum computing platform

Rigetti raises $79M Series C for its quantum computing platform

Rigetti Computing, the quantum computing startup that is tough industry heavyweights like IBM, Microsoft and D-Wave, today revealed that it has actually closed a $79 million Series C funding round. The round was led by Bessemer Endeavor Partners, with participation from Franklin Templeton, Alumni Ventures Group, DCVC, EDBI, Morpheus Ventures and Northgate Capital. Bessemer’s Tomer Diari […] , the quantum computing start-up that is challenging market heavyweights like IBM, Microsoft and D-Wave, today revealed that it has closed a $79 million Series C financing round.”It’s tough to find an area where quantum computing will not be greatly important once quantum benefit is attained,” stated Jonathan Curtis, vice president and portfolio manager at Franklin Equity Group. While quantum computing has long held a lot of promise, it’s in fact starting to make real strides in the last few years, with numerous companies developing working systems that aren’t quite powerful enough for a lot of real-world usage cases yet, but that reveal a lot of guarantee. …