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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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Self-driving truck startup Embark going public via SPAC

, an autonomous vehicle software-as-a-service company focused on the U.S. trucking market, is the latest venture-backed transportation company to announce plans to go public through a merger with a special purpose acquisition company (SPAC).

The San Francisco-based company that it plans to go public through a merger with a SPAC called Northern Genesis Acquisition Corp. II. The transaction reflects an implied pro forma equity value of $5.16 billion and enterprise value of $4.55 billion.

Founded in 2015, Embark previously raised $117 million in known funding, per Crunchbase data, from backers including and .

— Joanna Glasner

Enterprise

Aircall raises $120M: Paris-based , a provider of cloud-based call center software, raised $120 million in a Series D round led by and joined by multiple existing investors. The latest financing pushes the company past the $1 billion valuation mark and brings total funding to date to around $226 million.

Vercel pulls in $102M: , a provider of tools for companies to develop, preview, and ship web apps, has in a series C funding round led by . The financing reportedly values the San Francisco-headquartered company at over $1 billion.

— Joanna Glasner

Incorta locks in $120 million Series D: San Mateo, California-based closed a $120 million Series D led by , with participation from existing investors , , , , and . The round also comes with a credit facility from and an investment from strategic partner National Grid Ventures.

Since being founded in 2014, the聽 data and analytics platform developer has raised a total of $195 million.

鈥� Chris Metinko

Security

Drata closes on $25M: San Diego, California-based , an automated security and compliance platform, raised a $25 million Series A funding led by . The company was founded in 2020 with the intent to 鈥渉elp customers automate compliance and build trust,鈥� said , CEO and co-founder who confirmed that they onboarded their 100th customer 60 days after launch with an expectation of growing 100 percent month-over-month.

— Gen茅 Teare