Oakland-based cannabis and alternative medicine company Hound Labs has secured $30 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Aug. 27 and led by Intrinsic Capital Partners.
According to its Crunchbase profile, "Hound Labs is a scientific device company that has developed patent-pending technology capable of rapidly, accurately and inexpensively measuring recent marijuana use in a person's breath. The company's proprietary approach allows for breath samples to be retained for future analysis — protecting drivers, employees, law enforcement and employers from wrongful prosecution or job termination."
The six-year-old company has raised two previous funding rounds, including a $35 million Series C round earlier this year.
Over the past year, 12 Oakland-based community and lifestyle companies have secured venture funding, totaling $113 million in new investment to the local industry.
In other local funding news, data visualization company Outlier announced a Series A funding round on Aug. 20, financed by Capital One Growth Ventures.
According to Crunchbase, "Outlier offers analytic solutions that enable businesses to make better decisions. Moreover, Outlier monitors your business data and notifies you when unexpected changes occur. Founded in 2015, the company is headquartered in Oakland, California."
Founded in 2015, the company has raised three previous rounds, including a $6.2 million Series A round in 2018.
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