Plenty of companies in the Bay Area are hiring following their nine-digit funding rounds last week. Find out who’s bringing new jobs to the SF tech sector. This is the Built In SF weekly refresh.
Deel secured $156M. After a Series C round led by YC Continuity Fund, a16z and Sparks Capital, HR platform Deel is looking to grow its global presence with 80 new Deel-owned entities launching this year. The company handles payroll for contractors and employees across 150 countries. Having seen tremendous growth, Deel is growing its remote team and is now valued at $1.2 billion. [Built In SF]
Druva raised $147M. With its cloud-native platform that helps enterprises manage and protect their data, Sunnyvale-based Druva closed on its latest round of funding led by Caisse de dépôt et placement du Québec. Its valuation now reaches $2 billion, and the company is planning to develop its platform and expand into new markets. It’s also actively hiring with over 30 open positions across engineering, marketing and more. [Built In SF]
SF Tech Quote of the Week
Chargebee pulled in $125M. Helping subscription-based services by automating their billing processes is revenue management company Chargebee. It’s investing its Series G capital in new partnerships and scaling its business, and it’s also hiring for a few positions on its team. Investors Sapphire Ventures, Tiger Global and Insight Venture Partners led the raise. [Built In SF]
Virta Health got $133M. Its telehealth platform offers personalized care for individuals with Type 2 diabetes. Following its Tiger Global-led Series E raise, the company’s valuation hits $2 billion. The fresh capital will help Virta fund research and product innovation as well as grow its team across departments including data, engineering, finance and sales. [Built In SF]
Productboard raised $72M. The startup helps teams get a clearer grasp on what customers need most from their company’s product. Tiger Global led Productboard’s Series C round which will enable it to enhance its tech, expand internationally and onboard new talent. It’s currently hiring in departments including sales, engineering and people. [Built In SF]
Affirm to acquire Returnly. The fintech company is making the acquisition for $300 million. Returnly’s tech works to help shops achieve higher return-to-repurchase rates, return revenue and up customer satisfaction by offering customers merchant credit instantly. The deal is set to close by the end of June this year. [Business Wire]
Wayfair to make 200 Bay Area hires. The Boston-based online furniture retailer is opening three new engineering sites in Austin, the Bay Area and Toronto. At each location, Wayfair plans to hire 200 new team members across data science, engineering, analytics, product management and design. The company currently employs about 16,000 people. [Built In SF]
RapidAPI secured $60M. Green Bay Ventures led this company’s Series C round that’ll allow it to invest in the platformization of its enterprise offering. RapidAPI specializes in helping app developers find, manage and test APIs. It’s also planning to add new capabilities like API security and increase integration between its products. [VentureBeat]
In more VC funding news: Hive announced $85 million in Glynn Capital-led Series D funding that will enable it to grow its portfolio of cloud-based enterprise AI products. The company’s valuation has now reached $2 billion. [BusinessWire]
Using AI and machine learning to help businesses prevent fraud, new unicorn Sift closed on a $50 million round led by Insight Partners to expand its product portfolio and grow its team across product, engineering and sales. [TechCrunch]
Icon Ventures led a $40 million Series C round for workflow automation company Aisera as it works to fuel the expansion and deployment of its product, as well as its go-to-market, marketing and software development efforts. [VentureBeat]
AppOmni closed on a $40 million Series B led by Scale Venture Partners to accelerate the development of its cloud-based enterprise SaaS security management offering. [PR Newswire]
With $25 million from its Series C round led by Swisscom Ventures, Bitmovin is planning to expand its product innovation and technology within the video streaming space. [PR Newswire]
