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December 25, 2023 - Deals
Harvey Property Sold In Market Transaction
RAISE
IMAGE: Elad Gil, Pat Grady, Winston Weinberg, Charlie Curnin, Gabe Pereyra, Brad Lightcap, Ian Hathaway, Ilya Fushman, Mamoon Hamid & Everett Randle
DATE: 12/19/2023
COMPANY: Harvey
INVESTORS: Elad Gil, Kleiner Perkins, OpenAI Startup Fund & Sequoia
ROUND: Series B
AMOUNT: $80,000,000
NOTE: Harvey, a generative AI platform for professional services, has successfully raised $80 million in a Series B funding round led by Elad Gil and Kleiner Perkins, with participation from OpenAI Startup Fund and Sequoia. The latest investment, bringing Harvey's total funding to over $100 million, values the company at $715 million. Founded by Gabriel Pereyra and Winston Weinberg, Harvey has gained traction as a secure AI platform for sophisticated professional services, experiencing significant growth in engagement and revenue over the past year. The funds from the Series B will be utilized to expand custom model building, scale the team, and enhance product features as Harvey continues its transformative journey in the generative AI space.
#VentureCapital #EladGil #PatGrady #WinstonWeinberg #CharlieCurnin #GabePereyra #BradLightcap #IanHathaway #IlyaFushman #MamoonHamid #EverettRandle #Harvey #KleinerPerkins #OpenAIStartupFund #Sequoia #TradedVC
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Alix Earle Invests In Cymbiotika Following $25 Million Funding Raise For Retail ExpansionCymbiotika, a San Diego-based wellness brand co-founded by Shahab Elmi, Durana Elmi and Chervin Jafarieh, announced that social media personality and entrepreneur Alix Earle has invested in the company. The investment follows Cymbiotika’s $25 million funding raise in January 2026, when the company remained profitable while growing at a triple-digit rate, and comes as the brand expands its retail footprint through Target and more than 1,000 Ulta Beauty stores nationwide.
FOUNDER: Shahab Elmi, Durana Elmi & Chervin Jafarieh
INVESTOR: Alix Earle
HQ: San Diego, California
#VentureCapital #Cymbiotika #AlixEarle #TradedVC
Volta Infrastructure Holdings Secures $300 Million Funding From Azora Andreessen Horowitz And Altimeter CapitalVolta Infrastructure Holdings, a London, Palo Alto, CA and New York City-based AI infrastructure platform and NVIDIA Cloud Partner, has emerged from stealth with $300 million in combined Seed and Series A funding at a $2.4 billion valuation. The rounds were led by Azora, Andreessen Horowitz and Altimeter Capital, with participation from NVIDIA, Matter Venture Partners and Michael Dell’s family office. Led by co-founders Ricard Boada (CEO) and Sofia Gumuzio (Chief Corporate Development Officer), Volta will use the capital to scale its engineering and platform teams and develop gigascale AI Factories, including a $10 billion contract to build a 133 MW AI factory campus in Norway with Bitdeer.
FOUNDER: Ricard Boada Rafart
INVESTORS: Azora, Andreessen Horowitz (a16z), Altimeter Capital, NVIDIA & Matter Venture Partners
ROUND: Seed & Series A
AMOUNT: $300,000,000
VALUATION: $2,400,000,000
HQ: Palo Alto, California
#VentureCapital #VoltaInfrastructureHoldings #RicardBoadaRafart #TradedVC
Teledyne Technologies Acquires Varex Imaging For $1.1 Billion In CashTeledyne Technologies has agreed to acquire Varex Imaging for $18.90 per share in cash, valuing the deal at approximately $1.1 billion including equity awards and net debt. Varex CEO Sunny Sanyal said the transaction offers a substantial premium to shareholders and new opportunities across its medical and industrial markets; the deal is expected to close in early 2027.
ACQUISITION: Teledyne Technologies - Varex Imaging
DEAL VALUE: $1,100,000,000
HQ: Thousand Oaks, California
#VentureCapital #TeledyneTechnologies #VarexImaging #TradedVC