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.
Subscribe to the Crunchbase Daily
ICON Raises $207M For 3D Printed Homes
The investment brings 4-year-old ICON’s total funding to date to $266 million. The company says it has delivered more than two dozen 3D-printed homes and structures across the U.S. and Mexico.
Baidu’s Xiaodu closes funding at $5.1B valuation
Baidu said it remains a “super majority shareholder” after the transaction. Xiaodu’s Series A was completed in November 2020 at a post-money valuation of $2.9 billion.
– Joanna Glasner
Urbint raises $60M for AI to protect infrastructure
Urbint, a startup with an AI platform designed to help protect critical infrastructure like energy utilities and telecom companies, has raised $60 million in Series C funding. The new round was led by Energize Ventures. Other participating investors include new backers American Electric Power, OGCI Climate Investments and existing investors Energy Impact Partners, National Grid Partners, Blue Bear Capital and Salesforce Ventures1
New York-based Urbint noted that the funding comes as Congress is expected to pass a $1 trillion infrastructure bill for the U.S.
“Today’s critical infrastructure owners and operators are facing new challenges as aging assets and climate change threats create a more complex operating environment,” Energize Ventures principal Tyler Lancaster said in the funding announcement. “Electric utilities in the U.S. alone spend more than $15 billion annually on operations and maintenance. Urbint’s next-generation risk management software helps customers identify and prioritize safety and reliability threats, in turn lowering O&M costs, reducing emissions, and improving worker safety – all while ensuring critical infrastructure stays online.”
— Marlize van Romburgh
Hunters closes $30M Series B led by Bessemer
Israel-based cybersecurity company Hunters raised a $30 million Series B from Bessemer Venture Partners, with participation from existing investors YL Ventures, Blumberg Capital, M12 and U.S. Venture Partners.
Hunters competes in the increasingly popular extended detection and response (XDR) security space with large public companies like Palo Alto Networks, SentinelOne and CrowdStrike and venture-backed firms like Cybereason, which closed a $270 million round last month.
XDR platforms are scalable and offer companies better visibility in network and application communication. The platform’s threat detection and response capabilities across the network has become even more important with so many people working from home and expanding the attack surface available to bad actors.
Founded in 2018, Hunters has now raised $50.4 million to date.
— Chris Metinko
Illustration: Dom Guzman
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.