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COVID test maker Cue Health files for IPO
San Diego-based test kit provider Cue Health filed to raise up to $100 million in a planned Nasdaq IPO.
The company offers a COVID-19 test kit, along with a corresponding app. The company, which says it delivers test results to one’s mobile device in about 20 minutes, is also currently developing a range of tests in various areas, including women’s health, sexual health and respiratory health.
Cue reported revenue of $201.9 million in the first six months of this year, up from $15.4 million in the year-ago period. It posted a profit of $32.8 million in the first half of 2021.
Major shareholders in the company include ACME Capital and Cove Investments.
Corelight lands $75M
San Francisco-based Corelight, a provider of network traffic analysis tools for cybersecurity, reportedly raised $75 million in a Series D round led by Energy Impact Partners. Founded in 2013, Corelight previously raised around $84 million in known funding, per Crunchbase data.
Funding rounds
Cajoo bags $40M for grocery delivery: Paris-based Cajoo, a home grocery delivery service, raised $40 million in a Series A financing led by Carrefour.
— Joanna Glasner
Illustration: Dom Guzman
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