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June 10, 2025 - Deals
Glean Raises $150 Million In Series F Round At $7.2 Billion Valuation
Glean, an enterprise AI startup founded by Arvind Jain, has raised a $150 million Series F round led by Wellington Management at a $7.2 billion valuation. This marks a steep rise from its $4.6 billion valuation in September 2024, and $2.2 billion in February 2024, totaling $610 million raised this year. Glean, which helps enterprise employees search corporate documents using LLM-powered natural language tools, also offers AI agents that integrate with popular platforms like Salesforce, Microsoft Teams, and Zendesk. The company surpassed $100 million in annual recurring revenue (ARR) just three years after launching. Other Series F investors include Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, and returning backers such as Sequoia, Coatue, and Lightspeed.
INVESTORS: Wellington Management, Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, Altimeter, Capital One Ventures, Citi, Coatue, DST Global, General Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures & Sequoia Capital
ROUND: Series F
AMOUNT: $150,000,000
VALUATION: $7,200,000,000
HQ: #PaloAlto #California
#VentureCapital #ArvindJain #Glean #WellingtonManagement #KhoslaVentures #BicycleCapital #GeodesicCapital #ArchermanCapital #Altimeter #CapitalOneVentures #Citi #Coatue #DSTGlobal #GeneralCatalyst #ICONIQ #IVP #KleinerPerkins #LatitudeCapital #LightspeedVenturePartners #SapphireVentures #SequoiaCapital #TradedVC
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Scapia Raises $63 Million In Funding Round Led By General Catalyst With Peak XV Partners And Z47Scapia raised $63 million in a round led by General Catalyst, with participation from existing backers Peak XV Partners and Z47. The India-based travel-fintech company, founded and led by CEO Anil Goteti, plans to use the capital to accelerate its AI-first product roadmap, expand its customer base across the country, and strengthen its integrated travel and financial ecosystem spanning credit cards, payments, rewards, and travel services. The company said it is seeing strong traction across flights and stays as it builds toward a broader AI-native travel platform for a younger, travel-heavy consumer base in India.
FOUNDER: Anil Goteti
INVESTORS: General Catalyst, Peak XV Partners & Z47
AMOUNT: $63,000,000
HQ: Bengaluru, Karnataka, India
#VentureCapital #Scapia #AnilGoteti #TradedVC
Convective Capital Raises $85 Million Fund For Climate And Disaster Resilience InvestmentsConvective Capital, the early-stage climate and resilience-focused venture fund led by Bill Clerico, has raised an $85 million fund, up from its $35 million 2022 debut. The new fund marks a shift from an initial “firetech” focus on wildfire detection and mitigation to a broader mandate around physical-world risk management and disaster resilience, backed increasingly by institutional investors including insurers and asset managers. Convective plans to continue investing in technologies spanning wildfire prevention, infrastructure monitoring, insurance innovation, and climate-adaptive systems as extreme weather and disaster-related losses accelerate globally.
FOUNDER: Bill Clerico
AMOUNT: $85,000,000
#VentureCapital #ConvectiveCapital #BillClerico#TradedVC
Advanced Micro Devices Commits Over $10 Billion To Taiwan Semiconductor Ecosystem For AI InfrastructureAdvanced Micro Devices said it will invest more than $10 billion across Taiwan’s semiconductor ecosystem in a sweeping push to scale advanced packaging and accelerate next-generation AI infrastructure deployment. The commitment, outlined in a May 21 release, deepens partnerships with firms including ASE and SPIL to develop wafer-based 2.5D “Elevated Fanout Bridge” interconnect technology for AMD’s upcoming 6th Gen EPYC CPUs codenamed “Venice,” while also marking a milestone with PTI on panel-based EFB interconnects aimed at improving efficiency and economics for AI systems. The investments support AMD’s Helios rack-scale platform, targeting multi-gigawatt deployments from 2H 2026 using Instinct MI450X GPUs and EPYC processors, as the company competes more directly with Nvidia in AI infrastructure. Chair and CEO Dr. Lisa Su said the strategy combines AMD’s high-performance computing with Taiwan’s ecosystem to enable integrated rack-scale AI systems for faster deployment of next-gen workloads.
FOUNDERS: Jerry Sanders, Edwin Turney, John Carey, Jack Gifford, Sven Simonsen, Frank Botte, Jim Giles & Larry Stenger
AMOUNT: $10,000,000,000
HQ: Santa Clara, California
#VentureCapital #AdvancedMicroDevices #JerrySanders #EdwinTurney #JohnCarey #JackGifford #SvenSimonsen #FrankBotte #JimGiles #LarryStenger #TradedVC
Socket Secures $60 Million In Series C Funding Led By Thrive Capital At $1 Billion ValuationSocket raised $60 million in a Series C round at a $1 billion valuation, officially becoming a unicorn as demand intensifies for tools that secure open-source software supply chains amid the rapid rise of AI-generated code. The round was led by Thrive Capital with participation from Andreessen Horowitz, Abstract Ventures, and Capital One Ventures, bringing total funding to $125 million. Founder and CEO Feross Aboukhadijeh said the company’s platform detects malicious behavior in open-source dependencies in real time as AI now generates the majority of code in leading engineering teams.
FOUNDER: Feross Aboukhadijeh
INVESTORS: Thrive Capital, Andreessen Horowitz, Abstract Ventures & Capital One Ventures
ROUND: Series C
AMOUNT: $60,000,000
VALUATION: $1,000,000,000
HQ: San Francisco, California
#VentureCapital #Socket #FerossAboukhadijeh #TradedVC
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