Venture

The Briefing: ExtraHop Acquired For $900M, Nubank Secures $750M, Brinqa Brings In $110M, 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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ExtraHop acquired for $900M by Bain Capital and Crosspoint

ExtraHop, a provider of cloud-based network detection and response technology, announced it has entered into an agreement to be acquired by Bain Capital Private Equity and Crosspoint Capital Partners in a deal valued at $900 million.

Under terms of the deal, ExtraHop CEO Arif Kareem, co-founder and CTO Jesse Rothstein and co-founder and Chief Customer Officer Raja Mukerji will continue in their roles and to hold stakes in the company.

Founded in 2007, Seattle-based ExtraHop previously raised around $62 million in known funding, per Crunchbase data.

—  Joanna Glasner

Nubank closes $750M Series G extension

Brazil digital bank Nubank announced it received $750 million in a Series G extension, which includes $250 million led by Sands Capital, as well as a $500 million stake led by Berkshire Hathaway.

The deal is an extension of the $400 million Series G round raised in January. Since its founding in 2013, Nubank has raised approximately $2 billion in funding, according to the company.

Nubank touts more than 40 million customers and intends to invest the new capital into expansion of its products, market penetration, international growth and adding more talent.

— Christine Hall

Brinqa raises $110M for cybersecurity tools

Brinqa, a provider of tools for businesses to map out cybersecurity applications, reportedly raised $110 million in a fresh funding round backed by Insight Partners.

The round marks the first institutional fundraise for Austin-based Brinqa, which was founded well over a decade ago. In exchange for the investment, Insight reportedly took a minority stake in the company.

— Joanna Glasner

Funding rounds

Dispo raises Series A (again): Photo-sharing app Dispo, known for its disposable camera-esque photos, said Tuesday that it raised a Series A round. If this sounds familiar, it’s because the company announced a $20 million Series A led by Spark Capital back in February, shortly after its buzzy public launch. After a scandal involving an associate of co-founder David Dobrik surfaced, Spark Capital said the firm would cut ties with Dispo, and Dobrik stepped down from the company.

Now, Dispo has new investors, including prominent photographers Annie Leibovitz and Raven B. Varona, athletes including Kevin Durant, and celebrities like Cara Delevingne and Sofia Vergara. The company didn’t disclose a new amount for its new Series A.

–Sophia Kunthara

Pasqal raises $30M for quantum processors: Pasqal, a French startup developing quantum processors for use in complex computing challenges, raised 25 million euros ($30 million) in a Series A round from backers including quantum computing fund Quantonation.

— Joanna Glasner

Health and wellness

Liteboxer grabs $20M: At-home fitness provider Liteboxer raised $20 million in Series A funding led by Nimble Ventures. The Boston-based company launched in 2020 and has raised $28.5 million to date, according to the company.

EvoEndo closes $10.1M: EvoEndo, a preclinical medical device company developing a tool to enable surgeons to perform an unsedated transnasal endoscopy, secured $10.1 million in equity financing from a group of undisclosed investors. The new funding will be invested into technology development for gastrointestinal disorders.

DUOS comes out of stealth with $6M: Digital health company DUOS emerged from stealth with $6 million in combined seeding funding from Redesign Health and Forerunner Ventures. The New York-based company is developing a “personal assistant for aging,” which enables older adults to live in their own homes longer by pairing a trained personal assistant for aging — a Duo — with an older adult to provide companionship and help with needs, such as using technology for ordering groceries, arranging for safe transportation and navigating complicated health related matters.

Strateos closes $56.1M: Strateos secured $56.1 million in Series B funding, led by DCVC and Lux Capital, to continue developing remote access laboratories and lab control software for life science research.

— Christine Hall

E-commerce

Pattern inks $60M: New York-based Pattern secured $60 million in a round of debt and equity capital from a group of new and existing backers, including Kleiner Perkins and RRE Ventures, to purchase direct-to-consumer brands in the home goods space.

Aura Bora drinks in $2M: Aura Bora, a craft sparkling water brand made from herbs, fruits and flowers, announced $2 million in seed funding from a group of investors, including Balanced Breakfast.

— Christine Hall

Space tech

Relativity Space takes off with $650M: Relativity Space, a Long Beach, California-based aerospace company that designs, develops and builds 3D printed rockets, announced $650 million in Series E funding led by Fidelity Management & Research Co. The new funding gives the company more than $1.3 billion in total funding since its inception in 2016, according to Crunchbase data. In addition to its Terran 1 rocket, the company is now scaling production for Terran R, a fully reusable rocket that will be 20x larger than Terran 1 and designed to operate on Mars. Starting in 2024, Terran R will launch from Cape Canaveral, Florida. Terran 1 is also set to launch this year.

— Christine Hall

M&A

Turntide Technologies acquires electric vehicle assets: Turntide Technologies says it acquired both Hyperdrive Innovation and BorgWarner’s Gateshead business, which designs power electronics. Terms of the deal were not disclosed. U.K.-based Hyperdrive makes high-performance lithium-ion battery packs. Both acquisitions will enable Turntide, via its new Turntide Transport division, to be a one-stop powertrain platform provider for electric vehicles.

Enterprise software

Verbit locks up $157M Series D: New York-based Verbit secured a $157 million Series D at a valuation of more than $1 billion. The 4-year-old company has developed an AI-powered transcription and captioning platform. The round was led by Sapphire Ventures, with participation from new investors such as Third Point, More Capital, Omer Cygler, Azura and ICON fund, as well as existing investors such as Stripes, Vertex Ventures, Vertex Growth, HV Capital, Oryzn Capital, Viola Ventures and ClalTech. The company’s total funding now exceeds $250 million, which includes debt financing from the Silicon Valley Bank.

Airbase closes $60M Series B: San Francisco-based Airbase raised a $60 million Series B at a $600 million valuation. Menlo Ventures led the round, which included new investor Craft Ventures. Existing investors Bain Capital Ventures, First Round Capital, Quiet Capital, Webb Investment Network and BoxGroup also participated. The spend management company has now raised a total of $91 million.

— Chris Metinko

Illustration: Dom Guzman

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