Gunderson Dettmer

Ending Q1 2024 on a high note, Gunderson Dettmer is proud to be recognized as the #1 firm in PitchBook's Global League Tables. With 232 financings, totaling $7.4 billion raised for companies worldwide, the firm also led in 20 PitchBook categories. Thank you to our clients for their unwavering trust in our firm and our attorneys and an extended congratulations to the entire team! #PitchBook #VC #Global

Scaler aims to decarbonize the real estate industry to aid in achieving Net Zero by 2025. It's platform helps real estate investors tackle the operational carbon footprint of their assets and take action for a more sustainable future. CEO and co-founder Zlatan Menkovic said, “If you want to have a global impact, there are few better places to start than the real estate industry. Investors are under pressure to decarbonize their portfolios, but to do this effectively they need data, presented and analyzed in a way that helps them make the best decisions, for their clients and the world. This is exactly the problem we’re solving with Scaler and we’ve been blown away by the reaction and feedback from our customers.” The company announced its $10 million Series A. Learn more here. https://bit.ly/4cRBgTj #NetZero #RealEstate #Climatetech

OpenAI Startup Fund and Thrive Global announced the launch of Gunderson Dettmer client Thrive AI Health, a company using AI to increase access to expert-level health coaching to improve health outcomes across daily behaviors including: sleep, food, fitness, stress management and connection. Thrive AI Health CEO DeCarlos Love said, "Thrive AI Health Coach is the product to solve the limitations of current AI and LLM-based solutions by providing personalized, proactive, and data-driven coaching across the five daily behaviors. This is how it will improve health outcomes, reduce healthcare costs and significantly impact chronic diseases worldwide.” Read more here. https://bit.ly/4bCiVIU #AI #ThriveAIHealth #OpenAI #ThriveGlobal

[Client Insight]: A federal judge has halted the Federal Trade Commission's ban on post-termination noncompetition agreements, but only as it pertains to the named parties in the case. In Ryan LLC v. FTC, the court preliminarily found that the FTC exceeded its statutory authority in promulgating the noncompete ban, because Section 6(g) of the FTC Act does not grant the FTC substantive rulemaking power for unfair methods of competition. Read the full insight here. #employment #noncompete #FTC #GundersonInsight https://lnkd.in/gnCBUnGA

Leading on-premise customer engagement and performance marketing platform, UPshow, announces its acquisition by EverPass Media, enabling businesses to stream NFL Sunday Ticket for the first time ever starting with the 2024 NFL season. Adam Hirsen, UPshow Chief Executive Officer, said, "Our ability to provide premium, in-demand content, like NFL Sunday Ticket, coupled with next-generation, live-engagement tools that bring operators a streamlined user experience and the opportunity to engage with clientele is unmatched and creates a must-have product and media platform for businesses. With our shared vision and complementary strengths, we are well-positioned to lead the evolution of on-premise entertainment and marketing.” Learn more here. https://bit.ly/3xFCceP #NFL #UPShow #EverPass #Acquisition

Gunderson Dettmer client Andreessen Horowitz led the nearly $100 million Series B financing of Hebbia AI. Founded in 2020 by George Sivulka, who launched the company while working on his PhD in electrical engineering at Stanford, Hebbia's product, Matrix, is an AI co-pilot that assists users in extracting, structuring, and analyzing large volumes of documents, facilitating full workflow automation with language learning models (LLMs). Congratulations to the teams. Learn more here. https://bit.ly/4ctkAC6 #AI #a16z #Hebbia #Documents

Evolution Equity Partners announced Evolution Technology Fund III to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world in the United States, United Kingdom, the EU and Israel. Richard Seewald, founder and managing partner, said, “The overwhelming success of this fundraise was driven by strong support from both existing and new investors who recognize and support our cybersecurity focused investment strategy and our ability to build value and generate liquidity across market cycles." Learn more here. https://bit.ly/464XvTX #Fund #Cybersecurity #Technology #EvolutionEquity

Last month, the Gunderson Dettmer Boston office hosted a Planks for Pride event to raise money for Lambda Legal, a non-profit that provides legal services to the LGBTQ community. Thanks to the office's collective efforts and the 24 individuals who participated, we are proud to announce that the firm successfully raised an impressive $10,060. We are incredibly proud of our team and grateful for the opportunity to make a positive impact on such an important cause. #Pride #LambdaLegal #Planks #LGBTQ

Gunderson Dettmer client Kleiner Perkins announced two new fund totaling $2 billion. The Kleiner Perkins team said, “Since our last fundraise in 2022, the technology industry has evolved dramatically. Companies are achieving economic and societal impact and scale that’s never been imagined before. We believe that we are on the brink of remarkable technology shifts that will transform industries, amplify the power of human ingenuity, and generate significant economic growth." Congratulations to the firm on its twenty first venture fund, KP21, an $825 million fund to back early stage companies, and its third select fund, KP Select III, a $1.2 billion fund to back high inflection investments. Learn more here. https://bit.ly/3RS5eia #KleinerPerkins #Fund #Investments #Technology

In partnership with Ocean Spray Cranberries, Gunderson Dettmer client Brightseed, creator of Forager® AI, announced its groundbreaking discovery of novel bioactive compounds in cranberries. These findings, made through Forager’s in silico analysis, will now undergo deeper clinical validation. Mary Beth Miranda, PhD., Director of Business Development at Brightseed said, "Forager was able to highlight unique compounds within cranberries and give us information about linked health benefits that were previously not studied or found, shedding more light on the power that superfruits like cranberries can hold. Our continued work with Ocean Spray will enable us to better understand the additional health benefits of cranberries and support their efforts to bring improved nutrition to consumers.” Congratulations to the companies! #Cranberries #Health #Brightseed #OceanSpray