Friday, May 19, 2017

San Jose Funding Roundup

Several San Jose companies have announced new funding rounds in the past couple months. This typically means more jobs, which also benefits our local economy, as well as exciting new product launches. Below are the beneficiaries of our venture capital ecosystem.

Outset Medical - Medical devices startup that created a portable kidney dialysis machine. They just raised $76.5 million in a Series C round. Outset is headquartered at 1830 Bering Drive near the airport.

Visier - Business intelligence startup that makes workforce analytics software for HR departments. Visier raised a $45 million Series D round and is located at 650-550 S. Winchester Boulevard.

CNEX Labs - They build solid-state storage controllers and software for the next generation of data centers. They just raised a new round of $13.2 million and the funding round was led by Microsoft Ventures. CNEX is located at 2880 Stevens Creek Boulevard.

Chowbotics - They make a robot named Sally that can make over 1,000 different types of salads. Chowbotics is a brand new company that raised a $5 million Series A round and have pilot robots at Mama Mia in Campbell and Galvanize's coworking space in San Francisco.

Bonus: Western Digital did not receive a new funding round--they don't need it with $13 billion of annual revenue--but they did officially move their headquarters from Southern California to San Jose (Great Oaks area off of North First Streed).


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