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.
Clari raises $225M for revenue software
Clari, provider of software for predicting, analyzing and managing revenue, announced raising $225 million in a Series F funding round at a valuation of more than $2.6 billion.
Blackstone led the financing, joined by a long list of new and existing investors. Sunnyvale, California-based Clari previously raised $150 million in its Series E last March. The 10-year-old company said its valuation has more than quadrupled in the past two years.
Clari said it more than doubled its team to over 500 last year, with plans to add another 300 employees in 2022. The company said it will also use the proceeds from the latest round for its acquisition strategy.
— Joanna Glasner
Lattice lands $175M at $3B valuation
Lattice, provider of a platform for managing employees, raised $175 million in Series F funding.
Thrive Capital, Elad Gil, Tiger Global and Dragoneer were lead backers in the round, which sets a valuation of $3 billion for the company founded in 2013.
The company’s tools are focused on performance management, employee engagement and employee development. These have emerged as hot areas in the current employment environment, in which companies in a host of industries are competing fiercely to attract and retain talent.
— Joanna Glasner
Funding rounds
Personetics pulls in $85M: Personetics, which provides personalization and customer engagement technology for banks and financial services providers, announced raising $85 million in in growth funding from Thoma Bravo. The 11-year-old company also secured total funding of over $160 million in 2021.
— Joanna Glasner
Iterative Scopes closes $150M Series B: Cambridge, Massachusetts-based Iterative Scopes raised a $150 million Series B co-led by Insight Partners and Clearlake Capital Group. The company develops tools for physicians in the colorectal cancer and inflammatory bowel disease space. Founded in 2017, the company has now raised more than $190 million, according to Crunchbase data.
— Chris Metinko
Illustration: Dom Guzman
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