Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Hailo lands $136M for AI chips
Tel Aviv-based Hailo, a startup developing AI accelerator chips for edge devices, announced that it raised $136 million in a Series C funding round led by Poalim and entrepreneur Gil Agmon. The round brings Hailo’s total funding to $224 million.
— Joanna Glasner
SupportLogic raises $50M Series B
San Jose -based SupportLogic closed a $50 million Series B funding round led by WestBridge Capital Partners and General Catalyst. Existing investors Sierra Ventures and Emergent Ventures also participated in the round.
SupportLogic’s AI-based platform allows businesses to act on customer communications in real-time in order to offer better customer service and support.
Founded in 2016, the company has raised approximately $62 million to date, according to Crunchbase data.
— Chris Metinko
SaaS
GitLab raises IPO range: San Francisco-based GitLab, a provider of development and collaboration tools for programmers, raised the proposed share price range for its upcoming IPO. The company now plans to raise around $700 million by offering 10.4 million shares at a price range of $66 to $69, up from the prior range of $55 to $60.
— Joanna Glasner
Illustration: Dom Guzman
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