Scale pulled in $155M. The new funding, led by Tiger Global, will help the AI startup to expand globally and increase its headcount across all departments. This round brings the company’s total valuation to $3.5 billion. Scale also acquired Helia, another AI company, and is using the software to help build production-grade AI algorithms for its API solution. [Built In SF]
Virta Health raised $65M. Virta is working with doctors toward reducing the severity of Type 2 diabetes until it is eventually reversed. The Series D was led by Sequoia Capital Global Equities and brings the company’s total funding to more than $230 million. The new capital will go toward hiring new talent across teams including operations, engineering and marketing. [Built In SF]
Aurora Solar got $50M. The greentech company’s platform helps solar installers smartly design and develop their projects. With the new funding from its Series B led by Iconiq Capital, Aurora plans to continue hiring across roles in customer success, sales, product and engineering, as well as invest in new product features. [Built In SF]
Sourcegraph secured $50M. As developers work to manage the challenges surrounding Big Code, this company is working to upgrade its Universal Code Search tool. The Series C was led by Sequoia Capital and will help Sourcegraph address the increasing demand for its product. Additionally, the company plans to expand its team to 100 by next month. [Global Newswire]
Step raised $50M. Targeting a primarily Gen Z user base, the fintech company provides an all-in-one banking solution to make money management simpler. Step’s platform offers an FDIC-insured bank account, a credit building tool and other features. The funding from its Series B, led by Coatue, will help Step accelerate its growth as well as continue expanding its team. [Business Wire]
Ridecell got $45M. With the capital from its Series C led by Fort Ross Ventures, the fleet platform plans to grow its international footprint, take on larger customers and extend its core automation and digitization capabilities. Ridecell works to provide a safer driver experience for fleets, motor pools, trucking and logistics companies. [FinSMEs]
Mursion pulled in $20. The startup’s immersive VR tech helps train individuals to proficiently navigate their emotions in workplace situations. During the pandemic, more companies have turned to virtual learning for their teams. Mursion’s Series B was led by Leeds Illuminate and will enable the company to further its platform amid rising demand. [PR Newswire]
Shop-Ware raised $15M. The Series A round was led by Insight Partners, and the funding will help the cloud-based automotive shop management platform expand its headcount. It is hiring for open roles on its engineering, support and sales teams. The startup also plans to expedite its onboarding period and increase its client base. [PR Newswire]
All Raise secured $11M. This nonprofit organization is working to help women and non-binary individuals garner increased presence in the tech industry. It offers programming across several major cities to train users in various tech skills. The new funding will help All Raise expand over the next few years and create new programs. [Built In SF]
