Silicon Valley Funding News - Week of July 12, 2021. Opaque Raised $9.5M from Race Capital and Intel Capital

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I am thrilled to announce that we at Race Capital have made a seed investment in Opaque Systems - Ion Stoica's (founder of Databricks) latest company.

Opaque will redefine how the world analyzes encrypted data in the cloud. The team is building a full stack data infrastructure platform to enable businesses to do secured analytics by computing unseen & classified (encrypted) data on the cloud.

Over the past year, my team and I have worked really closely with Ion, Raluca, Rishabh, Wenting and Chester. I am super excited about their progress. =)

The future of secured data analytics is coming and they are 👉hiring!

This week a total of 19 startups raised $546.9M in funding, 2 M&As:

$387.8M goes to 10 Enterprise startups
$19.6M goes to 3 FinTech startups
$30M goes to 1 Healthcare startups
$6M goes to 1 BioTech startup
$5.2M goes to 1 Wellness startup
$81M goes to 2 HR startup
$17.3M goes to 1 Construction startup

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Edith

See more details below:

Funding (300 miles radius from Silicon Valley)

Enterprise

Coda (all-in-one collaborative doc) raised $100M Series D led by Ontario Teachers’ Pension Plan
Mmhmm (virtual camera application for video conference calls) raised $100M Series B led by SoftBank Vision Fund, Sequoia Capital
Skedulo (deskless workforce management) raised $75M Series C led by SoftBank Vision Fund
Unit21 (no-code fraud prevention) raised $34M Series B led by Tiger Global Management
Intellimize (website optimization with AI) raised $30M Series B led by Cobalt Capital
R2c (security-focused code analysis service) raised $27M Series B led by Felicis Ventures
Opaque (encrypted data analytics) raised $9.5M Seed from Race Capital and Intel Capital
The @ Company (open-source app development platform) raised $8M Seed led by Kirk Brown
Rootly (SRE incident management) raised $3.2M Seed led by XYZ Venture Capital
Obviously (no code AI/ML platform) raised $1.1M Seed led by University of Tokyo Edge Capital Partners

FinTech

Zerion (DeFi investing interface) raised $8.2M Series A led by Mosaic Ventures
Smile Identity (financial identity verification for Africa) raised $7M Series A led by Costanoa Ventures, CRE Venture Capital
NFT Oasis (virtual environment for NFT community) raised $4.4M seed

Healthcare

Tioga Medical (heart valve replacement) raised $30M Series B led by The Capital Partnership

BioTech

Glyphic Biotechnologies (protein sequencing) raised $6M Seed led by OMX Ventures

Wellness

Go Arena (connected fitness) raised $5.2M Seed from Courtside Ventures, Powerhouse Capital, and Wellness Holding

HR

Instawork (flexible staffing marketplace) raised $60M Series C led by Craft Ventures
Censia (talent intelligence platform) raised $21M Series A led by Marbruck

Construction

Reconstruct (construction control and monitoring) raised $17.3M Series B led by Nemetschek

IPO & M&A (300 miles radius from Silicon Valley)

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Silicon Valley Funding News - Week of July 12, 2021. Opaque Raised $9.5M from Race Capital and Intel Capital

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Silicon Valley Funding News - Week of July 5, 2021. Moveworks Raised $200M Series C

Silicon Valley Funding News - Week of June 28, 2021. Incorta Raised $120M Series D

Silicon Valley Funding News - Week of June 21, 2021. IRL Raised $170M Series C led by SoftBank Vision Fund

Silicon Valley Funding News - Week of June 14, 2021. Cerebral Raised $127M Series B

Silicon Valley Funding News - Week of June 7, 2021. Alation Raised $110M Series D

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