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

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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.

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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


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


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