Tech Company Financing Transactions
Sift Funding Round
Sift closed a $17.5 million Series A funding round on 6/25/2024. Backers included GV and private investors.
Transaction Overview
Company Name
Announced On
6/25/2024
Transaction Type
Venture Equity
Amount
$17,500,000
Round
Series A
Investors
GV (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate the development of its platform, expand its team, and support customers across the full hardware development lifecycle.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
201 Arena Street
El Segundo, CA 90245
USA
El Segundo, CA 90245
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Machine development demands data. Constant, real-time information that gives the engineers continuous and accurate feedback. So instead of trial and error, it's trial and measure. Building a telemetry system to do this is essential. For mission-critical machines helping people, the planet, our universe--it's a beacon. But it's also a barrier. It's expensive. It's complicated and it's fraught with risk. The thrill of success is often tempered by the fear of failure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Karthik Gollapudi
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About Our VC Transactions Data
We report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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