Briefing

The Briefing: Cohesity And Via File For IPOs, Hyperscience Raises $100M, And More

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.

Cohesity files for IPO

Data management software startup Cohesity said Tuesday that it filed a confidential registration statement with the U.S. Securities and Exchange Commission to go public. The San Jose, California-based company has raised $660 million in funding to date, according to Crunchbase data. It said it was valued at $3.7 billion in March. The company hasn’t yet determined the number of shares to be offered or the price range for its IPO.

— Marlize van Romburgh

Via files confidentially to go public

Transportation tech company Via said Monday that it confidentially submitted documents to the Securities and Exchange Commission for an initial public offering. The company, which operates on-demand and scheduled shuttles in cities, raised a $130 million Series G less than a month ago. Via’s a bit late to go public in the blockbuster IPO year than was 2021, but it could go public in the first half of next year, depending on how far along the company is in the IPO process.

— Sophia Kunthara

Hyperscience raises $100M for automation tech

Hyperscience said Wednesday it has raised a $100 million Series E funding round led by existing investors Global Founders Capital, Tiger Global Management, Stripes and Bessemer Venture Partners. The New York-based company makes office work automation software for companies in the financial services, insurance, transport and logistics and health care industries, among others. With the latest funding, it has now raised close to $289 million, per Crunchbase data.

— Marlize van Romburgh

New funds

  • Array Ventures raises $56M to invest in enterprise tech: Array Ventures has raised $56.1 million for its new fund, TechCrunch reported this week. The firm plans to invest in 30 companies in the enterprise tech space, targeting 15 percent ownership in deals. Some of Array’s recent investments include Hermis, Uniform and Tumble.

Illustration: Dom Guzman

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