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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Sierra Space Raises $1.4B

Louisville, Colorado-based closed a $1.4 billion Series A investment鈥攖he company鈥檚 first capital raise. The round was led by , and . The money will be used to develop the company鈥檚 Dream Chaser Spaceplane, an orbital commercial spaceplane.

The commercial space company said in a release it 鈥渁ims to build the future of space transportation, commercial space destinations and infrastructure.鈥�

鈥� Chris Metinko

Flytrex lands $40M for drone deliveries

Tel Aviv-based , a startup developing a drone delivery service focused on the U.S. suburbs, raised $40 million in a Series C funding round led by .

The financing brings total funding to date for the 8-year-old company to just over $60 million, per Crunchbase data.

Flytrex says it is aiming to enable five-minute deliveries of everyday goods–from Chinese takeout to morning coffee–via drone deliveries to backyards.

— Joanna Glasner

Funding round

Helaina raises $20M to recreate breast milk:聽New York-based , a startup using precision fermentation to recreate immune-equivalent proteins previously only available in breast milk, announced it raised $20 million in a Series A round led by and .

— Joanna Glasner

M&A

Workday acquires VNDLY: Human resources software provider announced it is acquiring , a SaaS platform that helps manage contingent workforce needs, for around $510 million.聽 Founded in 2017, Mason, Ohio-based VNDLY previously raised at least $58 million in known funding, per Crunchbase data.

— Joanna Glasner

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