附近上门

Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.

Subscribe to the 附近上门 Daily

AMD to buy Xilinx for $35B

Semiconductor maker (AMD) announced it chipmaker in a $35 billion all-stock deal that stands to intensify its rivalry with Intel in the data center chip market.

Shares of AMD fell聽 in premarket trading, while those of Xilinx surged聽 after the deal was announced.

, AMD CEO, will lead the combined company as chief executive. Xilinx President and CEO, , will join AMD as president responsible for the Xilinx business and strategic growth initiatives, effective upon closing of the transaction.

Faire now valued at $2.5B following $170M Series E

Online wholesale marketplace , which is connecting more than 100,000 local retailers and 10,000 brands, announced a $170 million Series E round of funding led by .

This investment raises the San Francisco-based company鈥檚 valuation to $2.5 billion, more than double the valuation from their Series D round that was announced in October 2019. It also brings the total funding for the company to $436 million since the company鈥檚 inception in 2016, according to 附近上门 data.

Joining Sequoia in the round were existing investors , , , ,d, as well as participation from new investors , , and .

Eightfold AI now a unicorn

raised $125 million in Series D funding on a valuation of $1 billion. The company鈥檚 AI-powered Talent Intelligence Platform manages talent recruitment, retention and diversity.

led the round, which also included existing investors , , and . Total funding raised to date is more than $180 million.

Funding rounds

• Rockset closes $40M: , a real-time indexing database company, announced a $40 million Series B round of funding. led the oversubscribed round with participation from Both firms co-led Rockset鈥檚 in 2018. This brings the company鈥檚 total amount raised to $61.5 million.
• Apeel bags $30M: , which develops plant-derived shelf life extension technology for fresh produce that improves quality and reduces food waste, announced $30 million in new funding from the , and . Apeel will use its new funding and technology to help smallholder farmers in emerging markets extend crop shelf life and gain access to new markets, including the U.S. and Germany.
• Human API brings in $20M: , a company enabling consumers to connect and share electronic health data with companies they trust, announced a Series C funding round of more than $20 million. The round included , , and , as well as from existing investors , and .
• strongDM secures $17M: , a single sign-on company for backend infrastructure, raised $17 million in Series A funding. led the round with participation from all existing investors.
• Strider secures $10M: , developing a software toolset to manage risk, closed on $10 million of Series A funding led by with One9 Ventures and existing investor participating.
• Leading Edge raises $7.6M: , the maker of silicon wafer manufacturing equipment for solar panels, said it raised $7.6 million in Series A financing. The round was led by with and participating.
• Obsess inks seed round: E-commerce platform , which enables brands to create interactive, shoppable online virtual stores and showrooms, announced that it has closed a seed funding round led by , and , bringing its total funding to $3.4 million.
• Moxie comes online with $2.1M: All-in-one online fitness studio launched with nearly 5,000 live classes and $2.1 million in seed funding from a group of investors that included .

New funds

• The Engine raises $230M for second fund:, the venture firm spun out of MIT that invests in early-stage Tough Tech companies focused on climate change, human health and advanced systems, announced its Fund II with $230 million in commitments. MIT provided anchor funding for Fund I and Fund II, bringing the total amount across the fundings to $435 million. Harvard University joins MIT in Fund II as a limited partner.
• Aristagora VC launches with $60M fund: New venture capital fund , a collaboration between Israeli and Japanese general partners, announced its first fund of $60 million that will target seed-stage technology companies and serve as a feeder for later-stage investments and multi-stage exit strategies.
• Intuitive creates VC fund: , creator of the da Vinci surgical system, said it created Intuitive Ventures and will start off with a $100 million fund to invest in startups focused on minimally-invasive care. will lead the firm as president.

Other news

Snowflake gets into health care: Data cloud platform, and new public company, is entering the health care industry through a partnership with , an interoperability company. The integration of the two platforms will enable data liquidity for providers, technology vendors and payers to decrease time spent on cloud implementation.

Illustration: