This July, the top five Seattle funding rounds raised a combined total of $362 million. Qumulo raised the most, with a $125 million round. Read on for all the details of the month’s biggest fundings.
#5. $15 million, July 29
Norwest Venture Partners led this financing round for Wyze, a startup that makes affordable smart home appliances. The company will use the money to improve its IoT infrastructure and proprietary AI tech.
#4. $17 million, July 22
This startup has developed an at-home DIY blood draw test, and, with its new funds, leadership plans to scale manufacturing and operations in light of increased, coronavirus-related demand. Hambrecht Ducera Growth Ventures led the Series A round.
#3. $85 million, July 29
Remitly’s platform facilitates the transfer of money from a foreign worker to someone in their home country. PayU led the funding round. The startup will use the funds to grow to meet demand for their product.
#2. $120 million, July 14
This company’s platform helps authenticate users and provide them secure access to their accounts across apps and devices. Salesforce Ventures, DTCP and others contributed to the Series F. Auth0 grew by 70 percent in 2019, and will use the funding to fuel further growth.
#1. $125 million, July 16
In the top spot is cloud file storage startup Qumulo, which will put its major fundraising round toward international growth, developing strategic partnerships and expanding its platform capabilities. BlackRock led the Series E.
