7 Bay Area Companies, Led by Verily, Raised $885M+ in Funding Last Week

December 21, 2020

Verily pulled in $700MHaving closed on a funding round led by parent company Alphabet, Silver Lake and Temasek, the life sciences research organization plans to expand its commercial businesses. South San Francisco-based Verily focuses on integrating data and technology into the healthcare industry, and has also developed a COVID-19 test that’s been authorized for emergency use. [Reuters]

Modern Health got $51MWith the funding from its Series C round led by Battery Ventures, the startup plans to scale its mental-wellness platform. Modern Health creates care plans specific to users’ needs. Through its platform, users can also access tools that can help them reach their mental-health goals. The funding will also help the startup’s hiring efforts as it plans to double the size of its team next year.

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Vercel raised $40MThis front-end development platform just closed on its Series B led by GV with plans to accelerate its R&D efforts and expand its worldwide headcount. The platform’s hybrid application Next.js can be used to expedite site development by splitting a site’s front and back ends. After closing out an eventful year in fundraising, Vercel is hiring in several positions across its teams. [Built In SF]

Provide pulled in $34MFormerly known as Lendeavor, this company provides financial tools for healthcare practices. It plans to expand its product offerings with the new capital, adding business bank accounts and insurance to its suite alongside practice lending. The Series A and B rounds were led by QED Investors. [PR Newswire]

Curai Health got $27.5MWith its AI-based platform, this startup aims to make primary care more widely available. It uses high-touch clinical care and clinical data sources to inform its machine learning healthcare system as it works to create a scalable model for primary care. The Series B funding round was led by Morningside Ventures. [PR Newswire]

Noname secured $25MHaving just launched from stealth, this security platform helps to eliminate the blind spots in API security that are present in many of today’s businesses. It keys enterprises into any activity or threats in their environment. The funding round was enabled by investors Lightspeed, Insight Partners and Cyberstarts. [FinSMEs]

PostHog pulled in $9MThe startup’s platform helps users by automating the collection process of every event that happens on an app or website without having to send out data to a third party. With the new capital from its Series A led by GV, PostHog plans to further its R&D, as well as hire new additions to its remote team. [Built In SF]

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