US

Test.ai lands $11 mln Series A

San Francisco-based Test.ai, a provider of automated mobile application testing solutions, has secured $11 million in Series A funding. Gradient Ventures, Google's AI-focused venture fund, led the round with participation from e.ventures, Uncork Capital and Zetta Venture Partners.

VC-backed ThoughtSpot appoints Nair as new CEO

Palo Alto, California-based ThoughtSpot, a provider of search and AI-driven analytics for businesses, has named Sudheesh Nair as its new CEO. He was president of Nutanix. ThoughtSpot's backers include Lightspeed Ventures, Future Fund, Khosla Ventures, General Catalyst and Sapphire Ventures.

ReViral picks up $55 mln Series B

UK-based ReViral, an antiviral drug discovery and development company, has closed $55 million in Series B financing. New Leaf Venture Partners and Novo Ventures led the round with participation from Perceptive Advisors, Andera Partners, OrbiMed and Brace Pharma Capital. In conjunction with the financing, representatives of New Leaf Ventures and Novo Ventures will join the ReViral board of directors.

Evidation Health scores $30 mln Series C

San Mateo, California-based Evidation Health, a health and measurement company, has raised $30 million in Series C funding. SV Health Investors and B Capital Group led the round with participation from existing investors GE Ventures and Sanofi Ventures.

Formlabs raises funding from NEA, now value over $1 bln

Somerville, Massachusetts-based Formlabs, maker of 3D printing systems, announced it has raised $15 million in funding from New Enterprise Associates. The company, which has now raised more than $100 million, said the investment values the company at more than $1 billion. Formlabs also said it appointed Jeff Immelt, former chairman and CEO of General Electric Company, to its board.

Judo Capital raises 140 mln Australian dollars

Judo Capital has closed on 140 million Australian dollars ($103.9 million) in an initial equity raise. Judo, of Melbourne, is a specialist lender to the Australian SME sector. First Avenue Partners acted as placement agent for Judo.

Naked Labs raises $14M led by Founders Fund

Redwood City, California-based Naked Labs Inc, provider of a 3D-body scanner for use in the home, announced it has raised $14 million in Series A funding led by Founders Fund. Also in the round are New Enterprise Associates, Lumia Capital, Venture 51, Seabed VC and others. The company, founded in 2014, also said it received personal investment from Founders Fund Partner Cyan Banister, who is on the Naked Labs board.

Mayfield leads $23 mln financing of Mammoth Biosciences

San Francisco-based Mammoth Biosciences, which develops CRISPR-based disease detection platform, announced it has raised $23 million in Series A funding. Mayfield led the round, which included participation from NFX and 8VC. The company, which was founded in 2017 and came out of stealth mode earlier this year, previously raised seed funding from NFX.

Pics from Emerging Manager Connect East

We had a great turnout for Emerging Manager Connect East conference last Thursday at the Grand Hyatt in New York City. We’ve loaded 35 photos from the event to a photo album in our PE Hub Network page on Facebook. Check them out here. And don’t forget to “like” our page while you’re there!

SoftBank Vision Fund leads Series C investment round in Brandless

San Francisco-based Brandless, operator of an ecommerce site selling unbranded food products and consumer goods, announced it has raised $240 million in Series C funding that was led by SoftBank's Vision Fund. Existing investors New Enterprise Associates, Redpoint Ventures, GV and Sherpa Capital also participated in the round. Jeffrey Housenbold and Justin Wilson of SoftBank Investment Advisors have joined the board. The company, founded in July 2017, previously raised about $50 million.