💰The Funding Letter #1374: March 15

inDrive, Unstructured Technologies, Tubulis, and more...

March 15, 2024

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Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a great weekend!

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🌎 Americas

inDrive provides ride-hailing services that offer passenger, freight, and intercity transportation services, enabling users to get trips that are simple, fair, and profitable by giving them the freedom of choice and the ability to determine the most suitable terms for the ride. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $150M, Debt Financing

Round Investors: General Catalyst (lead)

🚀Growth Focus: Enhance its financial flexibility, bolster growth, invest in product improvements, expand its service offerings, and enter new markets. 

HQ: Mountain View, CA

Industry: IT Services and IT Consulting

Employee Count: 5683 (mainly drivers, based in Middle East / Asia)

🔥Open Sales Gigs: Currently Hiring

Unstructured Technologies has developed an open-source data transformation platform that builds custom preprocessing pipelines for labeling, training, or production ML pipelines, enabling clients to transform simple data into language data. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $40M, Series B

Round Investors: Menlo Ventures (lead), IBM Ventures, Bain Capital Ventures, Databricks Ventures,

🚀Growth Focus: Grow its team and accelerate its development of data preprocessing tooling for LLM.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 50 (⚡25% increase in last 6 months)

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