San Francisco-based Memfault raises $8.5M for hardware developers

San Francisco-based Memfault, a developer of tools for hardware developers, raised $8.5 million in a Series A round led by Partech. The 3-year-old startup is working to provide hardware developers infrastructure enabling access to the same tools software developers use.

Shares of food delivery app Deliveroo fell in first-day trading in London, shaving as much as $2 billion from the company’s valuation. In other news, connected personal training platform Tonal pulled in $250 million in a Series E round of funding.

San Francisco-based Memfault raises $8.5M for hardware developers

Striim, a developer of tools for companies to move their data in real-time to the cloud, closed a $50 million Series C round. Goldman Sachs Growth Equity led the financing for the Palo Alto-based company, which has seen triple-digit growth in the last few years.

Lilium, a German electric air taxi startup, is planning to go public in the U.S. through a merger with a SPAC. In other news, HighRadius, a Houston-based fintech enterprise SaaS company, closed a $300 million Series C round at a $3.1 billion valuation.

U.S. startups overall raised a record $143 billion in 2020. Yet funding to startups founded solely by female entrepreneurs dropped 22 percent during the pandemic year, Crunchbase data shows, bringing in a total of just $3.2 billion. We look at potential factors behind the fall in funding.

[Source : Crunchbase]