Latest news with #KhoslaVentures
Finextra
3 days ago
- Business
- Finextra
Ramp aiming for $16 billion valuation on $200 million fund raise
Expense management startup Ramp is in discussions to raise around $200 million in a round of funding that would lift its valuation to about $16 billion. 0 As reported by The Information, Founders Fund, an early and repeat backer, is reportedly aiming to lead the investment. Other existing investors such as Sands Capital and Khosla Ventures are believed to be participating as well. Founded in 2019 as a corporate card, Ramp has evolved into a comprehensive system of operations for finance teams. Last year, it launched procurement, travel and treasury product lines and executed over $55 billion in annualised payment volume for its 30,000+ US business clients. The company claims to have saved customers $2 billion and 20 million hours through its products. In March, the firm hit a $13 billion valuation after investors purchased $150 million in secondaries from employees and early backers. To date, Ramp has secured a total of $1.2 billion in equity financing and $700 million in committed debt funding. Other investors include General Catalyst, Stripe, Citi and Sequoia Capital.
Reuters
3 days ago
- Business
- Reuters
Sword Health valued at $4 billion in latest funding round
June 17 (Reuters) - Sword Health said on Tuesday it has secured a valuation of $4 billion after the digital healthcare company raised $40 million in a funding round led by venture capital firm General Catalyst. The round, where Khosla Ventures, Comcast Ventures and Lince Capital also participated, will help the company in accelerating its expansion and develop its artificial intelligence offerings.
Yahoo
11-06-2025
- Business
- Yahoo
Somnee raises $10m for AI neurotech sleep wearables
US-based Somnee has secured $10m in a seed extension round to advance its AI-powered neurotech sleep wearables. The funding will aid the launch of the company's second-generation smart sleep headband. Khosla Ventures spearheaded the round with contributions from Marc Benioff's TIME Ventures, the DeVos family of the NBA's Orlando Magic, LEAD VC, Seaside Ventures, Metalab, and Nelstone Ventures. Based on sleep research and neuroscience, the company developed the headband that utilises AI technology and electroencephalogram (EEG+) to map the brain activity of users and provide personalised stimulation. This headband is said to aid individuals in falling asleep quickly, extending their sleep duration, and minimising restlessness. In a study, the headband demonstrated superiority over melatonin, Ambien, and cognitive behavioural therapy for insomnia (CBT-i). The headband features SmartSleep AI operating system, which will offer real-time monitoring and AI-driven interventions tailored to individual sleep patterns. Somnee's product is currently undergoing beta testing with certain NBA [National Basketball Association] teams and the performance training staff. Founded in 2022 by Dr Matt Walker and a team from the University of California, the company has seen significant progress under CEO Tim Rosa, who joined 18 months ago. Somnee is actively seeking further collaborations with professional sports teams, employers, as well as brands focusing on healthcare to leverage research that connects sleep quality with athletic performance, longevity, and productivity. Dr Walker said: 'We're trying to speak to the brain in its own language – using gentle, precisely timed pulses of electricity, not unlike how a conductor uses subtle hand movements to guide an orchestra into harmony. 'The goal was to create what I call a 'blast radius' of benefit: deeper sleep, more efficient sleep, and a quicker descent into sleep itself by preparing the brain just before sleep, we're trying to drive more powerful deep-sleep brainwaves, and give you a faster entry into sleep to begin with.' Last year, Somnee introduced an upgraded app and new features for its smart sleep headband. "Somnee raises $10m for AI neurotech sleep wearables" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Geek Wire
10-06-2025
- Business
- Geek Wire
AIM raises $50M to retrofit bulldozers and excavators to operate autonomously
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . (Photo via AIM) AIM Intelligent Machines (AIM), a Seattle-area startup that retrofits heavy earthmoving machinery to operate autonomously, raised $50 million in new funding, the company announced Tuesday. Investors include Khosla Ventures, General Catalyst, Human Capital, Ironspring Ventures, Mantis, DCVC, and Elad Gil, among others. AIM's technology platform accommodates heavy equipment such as bulldozers and excavators, regardless of make, model, size or age. The intent is to improve safety and productivity in extreme working conditions, such as mining. Semafor reported that AIM attaches the same sensors that power many self-driving cars to machinery to build a real-time, three-dimensional map of the equipment's surroundings. An edge compute system then takes over the controls to dig, haul, plow, fill, and level the ground without a human in the driver's seat. One person can remotely manage an entire site of working vehicles. The Bellevue, Wash.-based startup, which employs about 40 people, was founded in 2021 and built by engineers with experience at Waymo, SpaceX, Google, Stripe, Tesla and Apple. 'Everything is either mined or grown, and efficient earthmoving is required for both,' CEO Adam Sadilek said in a statement. 'Since the introduction of hydraulic machines like excavators in the 1800s, mining and construction have seen little of the automation that's transformed other industries. These are still among the most dangerous jobs in the world, and outcomes aren't getting better fast enough. AIM is changing that.' Driving by labor shortages and demand for efficiency, the autonomous construction equipment market is expected to grow from $4.43 billion in 2024 to $9.86 billion by 2030. Seattle startup Carbon Robotics recently revealed its latest product, the Carbon AutoTractor, an AI-powered, autonomous platform designed to fit on and control existing equipment for farming.
CNA
10-06-2025
- Business
- CNA
AI startup Glean valuation surges to $7.2 billion in latest fundraise
Glean said on Tuesday it was valued at $7.2 billion in its latest funding round - the third capital raise for the U.S. enterprise AI search startup in less than two years. The round marks a nearly 57 per cent jump in valuation for Glean, underscoring strong investor appetite for startups leveraging AI use cases. In the previous funding in September, the company's valuation had more than doubled in just over six months. Businesses and governments worldwide are rushing to adopt artificial intelligence, with applications ranging from enterprise productivity and drug discovery to infrastructure and beyond. Palo Alto, California-based Glean raised $150 million in a Series F funding round led by asset manager Wellington Management and other new investors, including Khosla Ventures. The company was founded in 2019 by a team of former Google search engineers. It uses AI assistants and large language models to generate personalized answers to queries. Earlier this year, the company rolled out its Glean Agents offering, which allows businesses to use AI to automate operations. It is on track to support 1 billion agent actions by the end of the year, the company said. Industry leaders have hailed AI-based agents as a transformative-use case of the technology. Microsoft CEO Satya Nadella has also suggested that the agents will disrupt how we use software-as-a-service, a business model that has long been the staple of software startups. The latest investment will help Glean to enhance its product offerings and bolster international presence, the company said. Glean, which surpassed $100 million in annual recurring revenue in its last fiscal year, said it was opening a new San Francisco office to support its growth.
