Morning VC Brief丨2025.06.12

Week24 Highlights丨Glean, Linear, Laurel, Farsight, FERMAT, Moments Lab, Mubi

Author

eric gu
June 12, 2025

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

Table of Contents

01. Venture News

1/ Enterprise AI Platform Glean raised $150M Series F at $7.2B

  • Product: Unified AI work platform featuring personal assistant tools, AI agent builders, enterprise search with custom language models, and connectors for company data integration

  • Highlight: Surpass $100 million in ARR and support over 100 million agent actions annually

  • Investor: Wellington Management(Lead)

  • Source

2/ Software Development Platform Linear raised $82M Series C at $1.25B

  • Product: Streamlined software development tools featuring AI-powered issue tracking, sprint planning, and lifecycle management

  • Highlight: 15K+ customers (OpenAI, Scale AI); 280% profit growth in 2024; Profitable since 2021 with "negative burn rate"

  • Investor: Accel(Lead), Sequoia Capital, Seven Seven Six

  • Source

3/ Time Management Platform Laurel raised $100M Series C

  • Product: World's first AI Time platform that automates time tracking and connects time data to business outcomes for professional services firms

  • Highlight: 300% ARR increase, 500% usage growth, serves 100+ top legal/accounting/consulting firms

  • Investor: IVP(Lead), GV, DST Global

  • Source

4/ Financial Workflow Automation Startup Farsight raised $16M Series A

  • Product: AI-powered platform automating workflows for financial institutions (investment banking, PE, hedge funds) with custom integrations and enterprise solutions

  • Highlight: 10x revenue growth in 2024; 5x customer expansion; tackles 40%+ automatable finance tasks like CIM/DCF modeling

  • Investor: SignalFire (Lead), RRE Ventures

  • Source

5/ AI-Powered Commerce Platform FERMÀT raised $45M Series B

  • Product: AI-driven platform enabling personalized, cross-channel shopping journeys for brands

  • Highlight: Powers end-to-end commerce (ad to checkout) for human and AI-agent shoppers; Clients include Unilever’s Olly, ILIA Beauty, and GNC

  • Investor: VMG Partners(Lead), Greylock, Bain Capital Ventures

  • Source

6/ Video Discovery Platform Moments Lab raised $24M Series A

  • Product: Patented MXT-2 multimodal AI for video indexing, archiving, and monetization, now expanding to agentic AI for automated storytelling

  • Highlight: Recurring revenue doubled in 12 months; clients include Thomson Reuters, Amazon Ads, and Banijay

  • Investor: Oxx(Lead), Orange Ventures

  • Source

7/ Streaming Service Mubi raised $100M at $1B

  • Product: Mubi, a London-based indie film streaming platform evolving into a full-fledged studio

  • Highlight: 20M registered users; "MUBI GO" program bridges cinema and streaming, fostering loyal audiences

  • Investor: Sequoia Capital (Lead), Summit Partners

  • Source