StepStone Group
Facts
- HQ
- New York / Global
- Sectors
- Private equity, Infrastructure, Real estate, Private debt, Investment management
- Stage
- Public
Overland AI Raises $100M Led by 8VC to Expand ULTRA Autonomous Vehicles for U.S. Military
Seattle-based Overland AI raised $100 million led by 8VC to meet military demand for its ULTRA autonomous ground vehicles, expanding its technology for off-road, GPS-denied environments. The company, spun out of the University of Washington in 2022, partners with various U.S. military divisions and has raised over $140 million to date.
Seattle Cybersecurity Startup Protect AI, Founded by Ian Swanson, Acquired by Palo Alto Networks
Seattle-based cybersecurity startup Protect AI, founded by Ian Swanson and co-founders, was acquired by Palo Alto Networks after addressing AI security gaps in enterprises. Swanson leveraged his experience with previous startups and AWS to pivot Protect AI towards securing large-scale machine learning deployments, coinciding with increased AI adoption following ChatGPT's popularity.
Palo Alto Networks to Acquire Seattle AI Cybersecurity Startup Protect AI for Over $500 Million
Palo Alto Networks plans to acquire Seattle-based AI cybersecurity startup Protect AI, founded in 2022, for an estimated $500 million or more, aiming to strengthen its AI security offerings. Protect AI, which serves Fortune 500 clients and recently raised $60 million at a $400 million valuation, focuses on protecting machine learning systems amid rising AI-related breaches.
Tiger Global Leads $146M Funding Round for Temporal, Raising Valuation to $1.72B
Temporal, a Seattle startup that offers an open-source microservices orchestration platform, raised $146 million in a funding round led by Tiger Global, boosting its valuation to $1.72 billion. The company serves major clients like Snap and Netflix, with a reported 4.4X revenue growth in 18 months.
Seattle’s Revefi Raises $20M Series A Led by Icon Ventures to Launch AI Data Engineer Product Raden
Seattle startup Revefi raised $20 million in a Series A funding round led by Icon Ventures to develop its new AI-powered product, Raden, which optimizes data warehouse usage. The company has seen 800% revenue growth and plans to expand its AI data engineering platform.
