10 Bay Area Startups, Led by Grand Rounds, Raised $500M+ Last Week

by Jeremy Porr
September 14, 2020
An aerial view of the San Francisco skyline in the evening.
photo: Shutterstock

Grand Rounds landed $175M. The latest round for the healthtech startup was led by the Carlyle Group and will be used to expand the company’s virtual care offerings. The care coordination platform connects members with clinicians who specialize in dozens of different fields. The company is currently looking to add to its team with open roles in marketing, engineering and design. [Built In SF]

Truepill got $75M. The Series C for the healthtech platform will be used to launch an at-home lab network that will enable the company to diagnose and treat diseases alongside existing telehealth programs and pharmacies. The round was led by Oak HC/FT with additional participation from Optum Ventures, among others. [VentureBeat]

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Everlane grabbed $85M. L Catterton led the latest round for the direct-to-consumer fashion company. Everlane plans to use its new funding to drive growth, with a particular focus on building out its sustainability commitments. In 2016, its reported value was around $250 million. [Business of Fashion]

Ouster got $42M. The Series B for the sensor manufacturer will be used to further product development and accelerate global expansion. Ouster creates light detection and ranging sensors (LiDAR) for use in the automated transportation, robotics and smart infrastructure industries. [Built In SF]

Chairish raised $33M. Tritium Partners led the Series B for the online home furnishing company. The startup will use the additional capital to hire for its engineering and sales teams. Chairish connects 3.8 million shoppers to more than 10,000 sellers offering over 500,000 items. [Crunchbase]

Deel grabbed $30M. The Series B for the workflow platform was led by Spark Capital. Deel streamlines payroll processes, invoice services and other essential services for running a business. The additional capital will go toward increasing the range of services that the company currently offers. [Tech Crunch]

Replicant got $27M. The Series A for the autonomous contact center provider was led by Norwest Venture Partners. Replicant fully integrates with contact center software. The company’s software is used to authenticate callers, autonomously capture call notes and resolve or escalate calls when needed. [Replicant]

Hasura secured $25M. The Series B for the data infrastructure company was led by Lightspeed Venture Partners. The company will use the additional capital to accelerate hiring and invest in its open source and commercial product development. Hasura provides the infrastructure necessary to build data-driven applications and APIs. [FinSMEs]

Iron Ox raised $20M. The company combines advancements in plant science, machine learning and robotics to build autonomous greenhouses, the first of which launched in 2018. The Series B round was co-led by Family Offices and Pathbreaker Ventures and will be used to help support the company’s plans for international expansion in 2021. [Businesswire]

PantherLabs landed $15M. The Series A for the cybersecurity startup was led by Lightspeed Venture Partners. The company will use the additional capital to accelerate development of its open-source security platform. As data is processed on the platform, detections are run and alerts are dispatched in real-time. [FinSMEs]

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