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Melbourne clinical AI firm Heidi raised $340m, split between a $100m Blackbird-led Series C valuing it at $900m and a $240m debt-like instrument from General Catalyst's Customer Value Fund. Annual recurring revenue hit $50m in April, up from $1m two years earlier. The company plans up to 150 new hires and expansion into Asia and the Middle East.
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Summary by ByteBrief
Cyera Raises $400M, Total Hits $1.4B