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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Revolut raises $800M
The financing sets a $33 billion valuation for the 7-year-old company, which will use the money in part to expand its offerings to U.S. customers and to branch out into India and other international markets.
Revolut offers a financial app that people can use for money transfer, exchange and other tasks. The company previously raised just over $900 million in known funding, per Crunchbase data.
Teikametrics lands $40M
— Joanna Glasner
Netradyne closes $150M Series C: San Diego-based Netradyne raised a $150 million Series C led by SoftBank Vision Fund 2, with participation from existing investors Point72 Ventures and M12. Founded in 2015, the company has raised nearly $200 million to date.
Netradyne uses AI and edge computing to provide fleets with enhanced video safety cameras and performance analytics tracking to help reduce risky driving behaviors.
— Chris Metinko
Illustration: Dom Guzman
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