Nine-digit venture rounds are just the tip of the iceberg with last week’s new developments from the Bay Area tech sector. Read on to find out what these companies are planning with all their fresh funding. This is the Built In SF weekly refresh.
Exabeam raised $200M. The company helps enterprises detect advanced threats, and it raised its latest round of funding to scale its business, fuel product innovation and extend its leadership. Exabeam, based in Foster City, closed on its Series F round led by the Owl Rock division of Blue Owl Capital. To date, the startup has raised $390 million in funding. [TechCrunch]
Alation got $110M. Specializing in AI-powered enterprise data intelligence, Alation secured Series D financing in a round led by Riverwood Capital that brings its valuation to $1.2 billion. Based in Redwood City, Alation is planning to grow to meet increased demand for its platform and create new products and capabilities. [Business Wire]
SF Tech Quote of the Week
Gong pulled in $250M. With a fresh Series E financing round led by Franklin Templeton, the sales software company is now valued at $7.25 billion. The company leverages AI to establish trends in companies’ conversations with their customers across several channels. The new capital enables Gong to expand the size of its team, and it’s currently hiring for roles across its go-to-market, technical, customer success and finance departments. [Built In SF]
Helix raised $50M. The San Mateo-based population genomics and COVID-19 testing company just pulled in a Series C funding round led by a group of existing investors including Warburg Pincus, DFJ Growth, Mayo Clinic and more. The new funding will help the company accelerate its platform and fuel its COVID-19 testing and viral surveillance pushes. The company is now hiring for a range of roles in engineering, product, data and analytics, HR, operations and more. [PR Newswire]
Shippo secured $50M. Another unicorn hit the San Francisco tech scene last week with shipping software company Shippo closing on its latest round of funding. Its platform works to provide businesses with discounted shipping and return labels in an effort to simplify the e-commerce process. Bessemer Venture Partners led the round. [PYMTS]
Truebill raised $45M. This personal finance platform works to help users manage their subscriptions and help foster improved financial health. Its Series D round, led by Accel, enables the company to launch a web version of its mobile application. It has recently grown its headcount to over 100 people and is onboarding new staffers across product, data, science, engineering and marketing. [Built In SF]
Mynd got $40M. Mynd’s platform helps single-family rental investors find, purchase and manage rental properties. Invesco Real Estate injected the capital into the company to help it expand its acquisition and renovation capabilities. Oakland-based Mynd is looking to scale up its business operations in order to provide more investment opportunities for users nationwide. [Globe Newswire]
Clockwork launched a robotic manicurist. The machine costs $8 to use and can coat a customer’s nails in polish in just 10 minutes. While it doesn’t cut or shape nails yet, the robot takes pictures of the person’s nails and fills in the shape with polish. SF-based Clockwork hopes to launch its product into retail stores and office buildings. [KTLA]
In more VC funding news: Synctera raised $33 million in a Series A round led by Fin VC for its partnership banking at scale platform. It’s currently hiring across several departments as it prepares for international expansion. [FinSMEs]
Offering companies a software solution to help them automate repetitive tasks, robotic process automation startup ElectroNeek pulled in $20 million in Series A funding led by Baring Vostok to grow its engineering, product and support teams. [PR Newswire]
Backed by A16z plus celebrity investors like Padma Lakshmi, Katy Perry and Tiffany Haddish, Shef helps local cooks sell their creations in their neighborhoods, and it just secured $20 million in Series A capital to hire talent, expand its platform and build a mobile app. [Crunchbase News]
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