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Venture

The Week鈥檚 Biggest Funding Rounds: Faux Cheese, Hunting Tech Talent, And Insurance Policies Against Hackers

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This is a new weekly feature that runs down the week鈥檚 top 10 funding rounds in the U.S.

While the largest round in the U.S. last week went to a company looking at new ways to make cheese, it also included companies in the more traditional spaces of biotech, cybersecurity and talent recruitment.

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The leaders:

  1. Berkeley, California-based closed a flawless $350 million Series D co-led by and the . The company sells an ice cream using animal-free milk protein it has developed. The company will use the new cash to expand its biological engineering research and move into new consumer categories like cheese. Founded in 2014, the company has raised a total of $750 million.
  2. With the increase in cyberattacks, companies are looking for insurance against hackers鈥攊n the form of actual insurance policies. San Francisco-based was able to use that demand to close a $205 million Series E鈥攃o-led by , and 鈥攁t a $3.5 billion-plus valuation. The company just crossed $325 million in run rate premiums as cyber threats continue to proliferate. Coalition has now raised more than $505 million in total funding since being founded in 2017.
  3. As every company searches for talent, New York-based closed a $200 million Series E to expand its search area. Andela helps companies build remote engineering teams by finding software engineers in more than 80 countries. 2 was impressed, as it led the round that valued the company at $1.5 billion. Launched in Africa in 2014, the company has now raised $381 million, according to 附近上门 data.
  4. Looking for better investment advice? New York-based might be able to help鈥攅specially after it closed a $180 million Series C financing round led by and . The company鈥檚 AI market intelligence search engine extracts insights from analyst research, conference call transcripts, trade journals and more to drive business decisions at more than 2,000 large companies and financial institutions. Founded in 2011, the company has raised nearly $300 million to date, according to 附近上门 data.
  5. With the need to develop drugs faster never more apparent, a company that claims it can do just that secured a sizable round. New York-based raised a $156 million Series C led by and . The pharma company鈥檚 platform tries to lessen the time it takes for drugs to pass through the clinical trial process, which can often last a decade or more. The company says it can run clinical trials 50 percent faster鈥攁nd cheaper鈥攖hrough its integrated platform.

    Quick hits:

  6. Nashville, Tennessee-based , a construction finance platform, closed a $125 million Series D led by new investor , which valued the company at $1.5 billion.
  7. San Francisco-based , a recruiting platform that integrates with third-party applications such as and Gmail, raised a $100 million Series C at a $1.2 billion valuation. The round was led by .
  8. Redwood City, California-based , which helps track customer engagement, secured a $100 million Series D led by .
  9. New York identity verification company closed a $100 million Series C led by and valued the company at $1.35 billion.
  10. Boston-based biotechnology raised an $80 million Series B led .

In other news:

Even as U.S. companies raised a total of more than $3.8 billion this week, the top three rounds raised globally were all elsewhere, with London-based renewable power provider , Singapore-based delivery service , and India-based online reselling platform all raising rounds in excess of a half-billion dollars.

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