The Funding Letter #125: May 9

The Early Bird: Lite Edition 🕊

May 09, 2019

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Altiostar Networks has been championing open RAN since 2016 and our 4G and 5G solutions provide the transformation operators require. View on LinkedIn.

New Funding Raised: $114M, Series C

Round Investors: Qualcomm Ventures, Rakuten, Tech Mahindra

HQ: Tewksbury, MA

Industry: Wireless

Employee Count: 174

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Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured and unstructured data across the entire application lifecycle and stack. View on LinkedIn.

New Funding Raised: $110M, Series G

Round Investors: Battery Ventures (lead), Franklin Templeton Investments, Tiger Global Management 

HQ: Redwood City, CA

Industry: Computer Software

Employee Count: 640

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Health IQ is an innovative insurance startup using science and data to negotiate special rates on insurance for health conscious communities like runners, cyclists, vegans, yogis, weightlifters, etc.View on LinkedIn.

New Funding Raised: $55M, Series D

Round Investors: Aquiline Technology Growth (lead), Greenspring Associates (lead), Hanwha Asset Management (lead), 

HQ: Mountain View, CA 

Industry: Financial Services

Employee Count: 205

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ArchiveSocial is the easiest and most effective social media archiving solution for records management, regulatory compliance, and e-discovery. View on LinkedIn.

New Funding Raised: $53M, Private Equity

Round Investors: Level Equity

HQ: Durham, NC

Industry: Internet

Employee Count: 61

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LetsGetChecked is a technology platform linking customers to laboratories. View on LinkedIn.

New Funding Raised: $30M, Series B

Round Investors: Leerink Transformation Partners (lead), Optum Ventures, Qiming Venture Partners

HQ: New York, NY 

Industry: Hospital & Health Care

Employee Count: 54

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ChowNow powers branded online ordering systems for independent restaurants across the US — via restaurants’ own websites, on Facebook and Google pages, through ChowNow-created apps, and via ChowNow’s website — while also providing our restaurant partners key customer insights and marketing support. View on LinkedIn.

New Funding Raised: $21M, Series C

Round Investors: 3L Capital (lead), Catalyst Investors (lead), 

HQ: Playa Vista, CA

Industry: Internet

Employee Count: 216

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