Briefing

The Briefing: COVID Test Maker Cue Health Files For IPO, Corelight Lands $75M, 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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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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