The Briefing: Embark Going Public Via SPAC, Aircall Lands $120M, And More

news 1 month ago 39

Here’s what you request to cognize contiguous successful startup and task news, updated by the Crunchbase News unit passim the time to support you successful the know.

Subscribe to the Crunchbase Daily

Self-driving motortruck startup Embark going nationalist via SPAC

Embark, an autonomous conveyance software-as-a-service institution focused connected the U.S. trucking market, is the latest venture-backed proscription institution to denote plans to spell nationalist done a merger with a peculiar intent acquisition institution (SPAC).

The San Francisco-based institution announced that it plans to spell nationalist done a merger with a SPAC called Northern Genesis Acquisition Corp. II. The transaction reflects an implied pro forma equity worth of $5.16 cardinal and endeavor worth of $4.55 billion.

Founded successful 2015, Embark antecedently raised $117 cardinal successful known funding, per Crunchbase data, from backers including Tiger Global Management and Sequoia Capital.

— Joanna Glasner

Enterprise

Aircall raises $120M: Paris-based Aircall, a supplier of cloud-based telephone halfway software, raised $120 cardinal successful a Series D circular led by Goldman Sachs Asset Management and joined by aggregate existing investors. The latest financing pushes the institution past the $1 cardinal valuation people and brings full backing to day to astir $226 million.

Vercel pulls successful $102M: Vercel, a supplier of tools for companies to develop, preview, and vessel web apps, has raised $102 million successful a bid C backing circular led by Bedrock Capital. The financing reportedly values the San Francisco-headquartered institution astatine implicit $1 billion.

— Joanna Glasner

Incorta locks successful $120 cardinal Series D: San Mateo, California-based Incorta closed a $120 cardinal Series D led by Prysm Capital, with information from existing investors GV, Kleiner Perkins, M12, Sorenson Capital, Telstra Ventures and Ron Wohl. The circular besides comes with a recognition installation from Silicon Valley Bank and an concern from strategical spouse National Grid Ventures.

Since being founded successful 2014, the  information and analytics level developer has raised a full of $195 million.

— Chris Metinko

Security

Drata closes connected $25M: San Diego, California-based Drata, an automated information and compliance platform, raised a $25 cardinal Series A backing led by GGV Capital. The institution was founded successful 2020 with the intent to “help customers automate compliance and physique trust,” said Adam Markowitz, CEO and co-founder who confirmed that they onboarded their 100th lawsuit 60 days aft motorboat with an anticipation of increasing 100 percent month-over-month.

— Gené Teare

Read Entire Article