It’s Tuesday, June 10th, 2025. I hope your week starts off strong. We’ve returned to your daily tech fundraising roundup, but today’s edition is a little lighter than usual, with the board having just five notable deals.
That said, capital still flows in some compelling verticals, including AI enterprise tools, developer productivity, web3 security, and modern operations for hospitality. Today’s activities may be selective, but it’s not quiet, by scaling Glean’s $150 million round to AI workplace assistants to a $100 million push to dominate Laurel’s time intelligence. Today’s pay raises range from both rapidly scaling SaaS leaders and precision-focused vertical platforms.
Fundraising highlights
GLEAN leads the day in the $150 million Series F, pushing its valuation to $7.2 billion, marking the conviction of investors who are strong in the future of AI-powered enterprise tools. Laurel went on to spend $100 million to automate professional services time tracking, while Linear set aside $82 million to expand its fast-growing developer project management platform. Hypernative raised $40 million to protect more than $100 billion in crypto assets from real-time threats, while Amsterdam-based Tebi has been locked to $34 million and digitalised its restaurant back office.
Investor Activities
Top global investors were fully active. Wellington Management, Axel, Capital, Sequoia and GV all supported both Scale Stage AI Players and Vertical Saas challengers. The geographic footprint is equally diverse, with large rounds landing in the US, Europe and Israel strengthening the broad appetite for smart, resilient technologies across the continent.
From enterprise AI and developer workflow tools to cybersecurity and hospitality tech, today’s activities reflect a funding environment that relies on operational efficiency, automation, and native AI systems.
This is the complete breakdown of the five funding transactions we tracked today, with investor details, startup focus, and key funding data.
Linear protects $82 million and expands developer productivity platform with a $1.25 billion valuation
San Francisco-based startup Linear has raised a fresh $82 million Series C funding to expand its minimalist project management platform for software developers. The round is a key milestone for a fast-growing startup, valued the company at $1.25 billion. Currently, we serve over 15,000 teams, including Openai and Vercel.
The new funding will help expand engineering-centric capabilities by fostering a push to larger enterprise accounts for Linear and positioning itself as a fast and developer-first alternative to incumbents like Jira. The company plans to invest heavily in AI features and product improvements.
Funding details:
Startup: Linear (San Francisco, USA – Developer Project Management Platform)
Investor: Accel (LEAD); 01a; Sequoia Capital; Seven Six; Designer Fund
Amount raised: $82 million
Total Procurement: $134.2 million
Funding stage: Series c
Funding date: June 10th, 2025
Glean raises $150 million to expand AI workplace assistants at a valuation of $7.2 billion
Enterprise AI Startup Glean has secured $150 million in Series F funding, reaching a $7.2 billion valuation to expand its AI-powered workplace assistant platform. The Palo Alto-based company helps employees search in-house documents and apps instantly and recently launched a tool to build custom AI agents.
The funding round follows Glean’s rapid customer recruitment across more than 800 companies and its $100 million ARR recruitment. Glean uses capital to accelerate product development and further enhances its mission to transform enterprise knowledge access through generator AI.
Funding details:
Startup: GLEAN (Palo Alto, USA – Enterprise AI Search and Assistant Platform)
Investors: Wellington Management (Led); Khosla Ventures; Altimeters; General Catalysts; Sapphire Ventures. Sequoia capital
Amount raised: $150 million
Total Procurement: ~$770 million
Funding stage: Series f
Funding date: June 10th, 2025
Laurel secures $100 million with AI time intelligence platform for professional services
Laurel, an automated timekeeping tool for AI startups for professionals, has raised $100 million in Series C funding to drive its next stage of growth. The company’s platform, previously known as Time by Ping, transforms daily work activities into structured time data, helping law firms and accountants understand large-scale time allocations.
The funding will allow Laurel to expand use cases, expand enterprise partnerships, and strengthen its position in the emerging “time intelligence” space where productivity data intersects billing and outcomes.
Funding details:
Startup: Laurel (San Francisco, USA – AI-powered time tracking and analysis)
Investor: IVP (Lead); GV (Google Ventures); 01 Advisor
Amount raised: $100 million
Total raise: ~$155 million
Funding stage: Series c
Funding date: June 10th, 2025
Tebi raises $34 million to bring modern operation stacks to restaurants and bars
Tebi, a cloud-based platform for hospitality operators, has raised $34 million in Series B funding led by Capitalg. Founded by Adyen co-founder Arnout Schuijff, the Amsterdam-based startup offers software to unify payment, inventory, booking and staff management for restaurants and cafes.
The funding is expected to expand to TEBI into the UK and other European markets. The company also bolsters its AI tools as it aims to double the team size and digitalize the operational backbone of small and medium-sized hospitality businesses.
Funding details:
Startup: Tebi (Amsterdam, Netherlands – Hospitality Operations and Payment Platform)
Investor: Capitalg (Led); Index Venture
Procurement amount: 34 million dollars (30 million euros)
Total Procurement: ~$64 million
Funding Stage: Series b
Funding date: June 10th, 2025
Exaggerate and take $40 million to extend your exaggerated real-time Web3 security platform
Hypernative, a Tel Aviv-based cybersecurity startup that protects the Crypto and Defi platforms, has raised $40 million in Series B funding. The round was co-led by 10 11 ventures and ballistic ventures as it aims to expand real-time threat detection and prevention capabilities.
Hypernative uses AI and on-chain data to identify potential exploits and fraud before they occur, protecting over $100 billion in assets. The new funds will help the company launch new fraud prevention tools, grow their teams, and meet the growing demand from exchanges and protocols.
Funding details:
Startup: Hypernative (Tel Aviv, Israel – Web3 and Crypto Security Platform)
Investors: Ten Eleven Ventures (co-lead); Ballistic Ventures (co-lead); Stepstone Group; Boldstart Venture. IBI Tech Fund
Amount raised: $40 million
Total Procurement: ~$65 million
Funding Stage: Series b
Funding date: June 10th, 2025
Funding Summary Table
Startup Investors (Leads and Famous) Amounts Total Funding Stage Funding Date Linear Accelerator (Leads); 01a; Sequoia; Seven Six; Designer Fund $82M $134.2M Series C June 10, 2025 Wellington Management (Leads); Khosla Ventures; Altimeters; General Catalysts; Sapphire Ventures. Sequoia Capital $150M to $770M Series F June 10, 2025 Laurel IVP (LEAD); GV; 01 Advisor $100M to $155M Series C June 10, 2025 TEBI CAPITALG (LEAD); Index Venture $34m to $64M Series B June 10, 2025, Exaggerated 10 Eleven Venture (Co-Leading). Ballistic Venture (Co-Leader); Stepstone, Bolstart, IBI Tech Fund $40m – $65 million Series b June 10, 2025
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