This week saw some major funding rounds for tech companies, with Wiz and Skydio leading the way. Wiz, a cloud-based platform for enterprise software development, raised $300 million in a Series D funding round led by SoftBank. The round also included participation from existing investors such as Accel, Sequoia Capital, and Lightspeed Venture Partners. This brings Wiz’s total funding to $450 million, valuing the company at $3 billion.
Skydio, a drone manufacturer, also had a big week. The company announced a $230 million Series C funding round led by Andreessen Horowitz. Other investors included existing investors such as Playground Global and Accel, as well as new investors like Dell Technologies Capital and Microsoft’s M12. This brings Skydio’s total funding to $420 million, valuing the company at $2.1 billion.
These two rounds were among the top 10 funding rounds of the week. Other notable rounds include:
• Klook, a travel booking platform, raised $200 million in a Series D round led by SoftBank.
• Lime, a scooter-sharing company, raised $170 million in a Series D round led by Bain Capital Ventures.
• GitLab, an open-source code repository, raised $268 million in a Series E round led by Iconiq Capital.
• GitHub, an online code repository, raised $350 million in a Series A round led by Andreessen Horowitz.
• GitHub, an online code repository, raised $350 million in a Series A round led by Andreessen Horowitz.
• Carta, a software platform for managing equity and capitalization tables, raised $300 million in a Series E round led by Tiger Global Management.
• UiPath, an automation software company, raised $225 million in a Series E round led by Coatue Management.
• Nutanix, an enterprise cloud computing company, raised $250 million in a Series F round led by T. Rowe Price Associates.
• GitLab, an open-source code repository, raised $268 million in a Series E round led by Iconiq Capital.
These rounds demonstrate the continued strength of the tech industry and its ability to attract large amounts of capital from investors. With more money flowing into the sector, we can expect to see more innovative products and services coming out of these companies in the near future.
Source: Plato Data Intelligence: PlatoAiStream