Enfabrica, a six-year-old startup based in Mountain View, CA, that develops high-performance networking chips designed to enhance the efficiency of data centers, particularly for AI applications, raised a $115 million Series C round led by Spark Capital, with Arm, Cisco Investments, Maverick Silicon, Samsung Catalyst Fund, and VentureTech Alliance also taking stakes. SiliconANGLE has more here.
Kong, a sixteen-year-old San Francisco company that provides software that helps businesses manage and secure APIs, raised a $125 million Series E round co-led by Tiger Global and Balderton, with additional participation from Ontario Teachers’ Pension Plan and 137 Ventures as well as previous investors Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. The company has raised a total of $346+ million and says it's now valued at $2 billion. Bloomberg has more here.
Oura Health, a 12-year-old Finnish company that produces a wearable smart ring that tracks health and fitness data, raised a $75 million Series D at a $5 billion valuation, almost double the price of its 2022 Series C round. Dexcom, a publicly traded glucose monitoring outfit, was the sole investor. Bloomberg has more here.
Rox, a San Francisco startup founded this year that builds intelligent agents designed to assist salespeople by handling real-world tasks with minimal supervision, raised $50 million in a seed and Series A. Investors included Sequoia Capital, General Catalyst, and GV. Bloomberg has more here.
Skydio, an eleven-year-old company based in San Mateo, CA, that designs and manufactures drones that use AI for autonomous flight, raised a $170 million Series E extension. Investors included KDDI and Axon as well as previous investor Linse Capital. TechCrunch has more here.
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