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The 13 Largest US Tech Startup Funding Rounds of June 2021

The 13 Largest US Tech Startup Funding Rounds of June 2021
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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Eightfold - AlleyWatch

Eightfold - AlleyWatch
alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.

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Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles


SaaS unicorn Eightfold AI has raised $220 million in a Series E funding round, led by SoftBank Vision Fund 2. With this round, the US-headquartered company founded by IITians Ashutosh Garg and Varun Kacholia, has more than doubled its valuation since November last year to $2.1 billion.
This round also saw participation from previous investors including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date by Eightfold AI is more than $410 million, with $325 million coming in the last seven months.
The company, headquartered in the US, would be utilising the platform to fuel growth, invest in the technology and the product. “Most importantly, we will keep enhancing our functionalities, so that we can keep solving for employment. We are also extending our platform where our partners can build on top of our platform because we don t believe we can build everything ourselves,” Garg told Business Sta ....

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