The Briefing: Orca Security Adds $190M, mParticle Raises $150M, 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.

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Orca Security adds $190 million to Series C

Orca Security, a provider of cloud security, extended its Series C round by $190 million, bringing total capital raised for the round to $550 million.

Singapore’s Temasek led the latest tranche, which boosted Orca’s valuation 50 percent in  seven months to $1.8 billion. The company, which is headquartered in Los Angeles and Tel Aviv, said it plans to use the funding to expand its geographic footprint.

— Joanna Glasner

mParticle snags $150M

New York-based customer data company mParticle closed a $150 million Series E led by Permira’s growth fund. The company expects to use the money to expand its go-to-market efforts and continue development on its customer data infrastructure platform.

The company helps businesses manage their growing amount of consumer data moving to and from different systems and applications, allowing for better interaction with customers.

Founded in 2013, mParticle has now raised $272 million to date, according to Crunchbase data.

— Chris Metinko

Rent The Runway Files S-1

Clothing rental marketplace Rent The Runway publicly filed its S-1, after previously confidentially filing to go public. The company, which lets customers rent clothing for special events or as part of a subscription, revealed in its filing that its revenue fell from $88.5 million in the six month period that ended July 31, 2020 to $80.2 million in the same period in 2021. Its net losses for the same six month period 2020 and 2021 came out to $88 million and $84.7 million, respectively.

The COVID-19 pandemic impacted the company, as customers paused memberships, given the stay-at-home orders and lack of social events to rent clothing for. However, the company noted it had 126,841 total subscribers in the six month period ending July 31, 2021, up from 108,752 during the same period last year.

–Sophia Kunthara

Analytics

Inkitt inks $59M: Berlin-based publishing platform Inkitt raised $59 million in a Series B funding round led by NEA and Axel Springer.

— Joanna Glasner

Cybersecurity

Duality picks up $30M: Newark, New Jersey-based Duality, provider of a platform for secure data extraction and collaboration, raised $30 million in a Series B funding round led by LG Technology Ventures. The financing brings total funding to date for the 4-year-old company to $49 million.

— Joanna Glasner

Illustration: Dom Guzman