The Briefing: Lusha Lands $205M, Workato raises $200M, And More

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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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Lusha lands $205M for crowdsourced sales data

Israel-based Lusha, developer of a crowdsourced data platform for B2B sales and marketers, announced raising  $205 million in a Series B funding round.

Growth equity investor PSG led the financing, which sets a $1.5 billion valuation for the 5-year-old company. Lusha says its community now encompasses nearly 800,000 sales professionals and 273,000 sales organizations.

— Joanna Glasner

Workato raises $200M at $5.7B valuation

Mountain View, California-based Workato closed a $200 million Series E led by Battery Ventures that values the company at $5.7 billion. The enterprise platform allows its more than 11,000 customers to to automate business and workflow processes.

The round also included equal participation from Insight Partners, Altimeter Capital and Tiger Global. Geodesic Capital and Redpoint Ventures also participated

The new funding comes just nine months after Workato raised a $110 million Series D. The company has raised more than $420 million in total funding to date.

— Chris Metinko

Kodiak Robotics drives off with $125M

Mountain View, California-based Kodiak Robotics, a developer of autonomous technology for long-haul trucking, raised $125 million in an oversubscribed Series B round backed by a long list of venture investors. The company said it will use the funds over the next year to double employee headcount by adding at least 85 new people, expand autonomous service capabilities from coast to coast, and add a minimum of 15 new trucks for a total of at least 25 autonomous vehicles.

— Joanna Glasner

Public offerings

Expensify prices IPO: Expensify, provider of a cloud-based expense management platform for small and medium-sized businesses, priced shares for its IPO at $27 each, the high end of the upwardly revised range. The Portland-based company saw revenue for the first six months of 2021 of $65 million and net income of $14.7 million.

— Joanna Glasner

Illustration: Dom Guzman

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