Armis, a Palo Alto, Calif.-based asset visibility and security platform, picked up a $300 million investment led by One Equity Partners, increasing the company’s valuation to $3.4 billion. Previous investors in Armis include Insight Partners, Georgian and CapitalG.
Thought Machine, a London-based cloud-native core banking platform provider, closed a $200 million Series C round led by Nyca Partners, bringing the company up to unicorn status. New investors including ING Ventures and JPMorgan Chase Strategic Investments also participated in the funding, along with existing backers Lloyds Banking Group, British Patient Capital, Eurazeo, Molten Ventures, Backed and IQ Capital.
Motorway, a London-based used-car marketplace, secured $190 million in Series C funding at a valuation of over $1 billion. Index Ventures and Iconiq Growth led the round, which included contributions from Latitude Ventures, Unbound and BMW i Ventures. In addition to the funding, Motorway appointed James Wilson as chief operating officer. He was previously director of marketplace fulfillment at Amazon UK.
Lessen, a Scottsdale, Ariz.-based platform that connects property owners to a nationwide network of vetted service professionals, completed a $170 million Series B round, giving the company a valuation of over $1 billion. Fifth Wall led the investment, which included participation from Khosla Ventures, General Catalyst and Navitas Capital.
HotSpot Therapeutics Inc., a Boston-based allosteric drug discovery platform, fetched a $100 million Series C round. Pivotal bioVenture Partners led the investment, which saw participation from LSP, B Capital Group, Revelation Partners, Pavilion Capital, Atlas Venture, Sofinnova Partners and others. Ash Khanna of Pivotal bioVenture Partners and Fouad Azzam of LSP will join the company’s board.
Ablaze Pharmaceuticals, a Shanghai- and San Diego-based startup developing targeted radiopharmaceutical therapies for cancer treatment, raised $75 million in Series A funding. Co-lead investors Vivo Capital and AdvanTech Capital were joined in the round by RAYZ Investments, Nan Fung Life Sciences, Pivotal bioVenture Partners China, venBio Partners, Samsara BioCapital and Venrock Healthcare Capital Partners.
Upbound, a Seattle-based enterprise cloud-management platform, landed $60 million in Series B funding. Altimeter Capital led the round, which included additional support from GV, Intel Capital and Telstra Ventures.
Quince, a San Francisco-based manufacturer-to-consumer e-commerce startup, raised $50 million in Series A funding. Lead investor Insight Partners was joined in the round by Founders Fund, Basis Set Ventures and 8VC.
Quinyx, a workforce-management software provider, nabbed a $50 million investment led by Battery Ventures. The company’s North American headquarters is in Boston.
Q-CTRL, a Sydney-based developer of quantum sensing and quantum error control technology, snagged a $25 million Series B round. Airbus Ventures led the funding, which included participation from Ridgeline Partners.
Groundswell, a Los Angeles-based startup seeking to decentralize corporate philanthropy, was seeded with a $15 million investment. GV led the round, which included support from Human Ventures, Moonshots Capital, Felicis Ventures and Core Innovation Capital.
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