Friday Fundings: Cribl, Calibrate, and Coco
Data Solutions Company Raises $200 Million
Cribl is a startup building ways to parse and route companies’ data safely and efficiently. The company recently secured $200 million in a Series C funding round, withGreylock and Redpoint Ventures co-leading the round. Cribl’s customers include Whole Foods (AMZN), Vodafone (VOD), and Fannie Mae (FNMA).
Both because of remote work and because of a recent increase in cybersecurity attacks, companies are looking for ways to protect their data. But sometimes the solutions they find mean that data is difficult to access. Cribl wants to keep data secure for companies while making the process of accessing data hassle-free.
Holistic Weight Loss Platform Raises $100 Million
Calibrate, a health and weight-loss startup, has raised $100 million in a Series B funding round co-led by Founders Fund and Tiger Global. This brings the company’s total funding to $127.6 million.
Calibrate is attempting to disrupt the $70 billion weight-loss industry by taking a more holistic approach than other programs. The COVID-19 pandemic prompted many consumers to think deeply about their health and habits. Many of them turned to Calibrate.
The company is projecting $21 million in revenue for 2021. With its new funding, the company plans to build out a pharmacy arm, and add to its revenue streams in other ways.
Robotic Delivery Company Secures $36 Million
Coco, a startup building last-mile delivery robots, has raised $36 million in a Series A funding round. The round was led by Sam Altman, Silicon Valley Bank (SIVB), and Founders Fund.
As ecommerce continues to gain ground, robotic delivery is becoming a highly competitive industry. In contrast to some of its rivals which are building fully autonomous vehicles, Coco’s technology utilizes remote drivers.
The company has partnered with a number of restaurants including the California chain Umami Burger. With its new funding, Coco plans to increase its headcount and form more partnerships.
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.