Roblox pulled in $520M. Its platform that doubles as a social network and a video game has garnered increased popularity recently with approximately 31 million people who log on every day. The Series H funding round for the company was led by investors Altimeter Capital and Dragoneer Investment Group. With the new capital, Roblox plans to further its growth and capitalize on the momentum it’s gained. [Built In SF]
Hinge Health raised $300M. This company created a way to provide consistent clinical care via its digital physical health platform. On it, users wear sensors and are coached over an app to treat musculoskeletal problems. Hinge raised its Series D round led by Coatue and Tiger Global Management to fund the expansion of its platform. [Built In SF]
Aeva got $200M. Based in Mountain View, this startup that specializes in LiDAR tech received a private investment from Sylebra Capital. It’s also planning to go public by merging with InterPrivate Acquisition Corp. Aeva’s tech measures distance and instant velocity while blocking interference from other sensors. The company plans to use the new funding to scale up its 4-D programs across the automotive, consumer electronics and industrial fields. It also plans to further R&D. [TechCrunch]
Color Genomics secured $167M. Leading the way for COVID-19 testing in California, this startup closed on its Series D round that will fund the expansion of its testing efforts. The round was led by General Catalyst and brings Color’s valuation to $1.5 billion. The company is hiring to meet increased testing demand with positions open in marketing, operations, finance, engineering and more. [Built In SF]
Dremio raised $135M. Specializing in data lake transformation, this Santa Clara-based company has reached unicorn status after its Series D round. The funding was led by Sapphire Ventures and will enable Dremio to further its global engineering facilities, invest in educating data lake practitioners, contribute to open-source initiatives and expand its customer-facing organization. [Business Wire]
Resident got $130M. Following a year of growth, this marketplace platform for mattresses and home goods announced an investment led by Ion Crossover Partners and Nexus Capital Management. With the new funding, Mountain View-based Resident will be able to fuel more growth, expand its retail footprint and advance its supply chain and infrastructure in the interest of customer experience. [PR Newswire]
News Break pulled in $115M. In its efforts to share relevant local news to users, Mountain View-based News Break closed on a new funding round to further its aggregation platform. The app uses AI and location tracking to provide users with up-to-date news articles written by local publishers. Additionally, it works to provide them with content tailored to their interests. [TechCrunch]
Thistle secured $10.3M. After its Series B round led by Powerplant Ventures, this startup plans to nationally expand its plant-based food delivery platform. As decreasing the demand for animal-based food is an imperative step toward fighting climate change, the company is currently working on enhancing the flavor of its products to support people turning to vegetarianism. [Crunchbase News]
