After a week full of nine-digit funding rounds and technological innovations across an expansive range of industries, the Bay Area is bustling with new developments. Read more for the latest news. This is the Built In SF weekly refresh.
Waymo raised $2.5B. Working in the autonomous vehicle space, Waymo banked its second round of venture funding. The huge sum comes from investors like its parent company Alphabet, Silver Lake, Tiger Global and others. With the money, Waymo is planning to expand its autonomous ride-hailing service into more markets outside of Arizona. [The Verge]
Thumbtack secured $275M. Following its latest round of funding, the company is planning to expand its product offering that connects people to professionals across various home service fields. Thumbtack is implementing a subscription-based service to instantly connect homeowners to local professionals. The company is also currently hiring for over 50 remote-friendly tech roles. [Built In SF]
SF Tech Quote of the Week
IRL secured $170M. Providing a platform that combines group messaging and event planning, IRL closed on its Series C round of funding to further its product. SoftBank Vision Fund 2 led the round that allows IRL to grow its team and expand internationally. The unicorn is valued at $1.7 billion and is hiring for roles across all departments with a focus on engineering and product. [Built In SF]
Lyra Health pulled in $200M. As people begin to adjust to getting back to “normal” after the pandemic, Lyra Health is among the names working to ensure people are in good mental health. It just raised a Series F round that values the company at $4.6 billion. Now, the Burlingame-based unicorn is focusing on growing its team as it scales its employee benefits platform. [Built In SF]
Guideline raised $200M. The San Mateo-based company offers a retirement platform that aims to give SMBs an affordable solution to manage their assets. Guideline’s tech helps automate administrative tasks, integrate with payroll providers and more. It closed on a Series E round led by General Atlantic that will go toward recruiting 60 additions to its team by the end of the year. [Guideline]
Iterable got $200M. Working to help brands create, execute and optimize their multichannel marketing campaigns using its AI-based tools, Iterable closed on its latest round of funding, a Series E from investors like Silver Lake and Glynn Capital. Iterable is investing in marketing and R&D efforts and hiring as it pursues global expansion. [Venture Beat]
Addepar pulled in $150M. Based in Mountain View, the wealth management company specializes in data aggregation, analytics and reporting for investment portfolios. With Series F funding from D1 Capital Partners, Addepar is investing in its growth. It’s expanding its business and team into new locations, as well as building out its platform. [FinSMEs]
In more VC funding news: Helping investors manage their cryptocurrency assets, Bitwise raised $70 million in Series B funding to strengthen its balance sheet and build out its research, client service and sales departments. [CNBC]
Duda is adding 100 people to its team following a $50 million Series D for its website building platform. Led by Claridge IL, the investment will also go toward product development and adding new features. [Built In SF]
Base 10 led the $41.9 million Series B extension round for birth control prescription and delivery company The Pill Club, enabling it to expand into the primary care sector via telehealth services. [TechCrunch]
Stork Club closed on a $30 million Series A round led by General Catalyst to hire new team members and build out its product and services that work to fill gaps in maternity care. [Crunchbase News]
With its Accomplice-led Series A, wine storage facility Underground Cellar has $12.5 million to invest in tripling the size of its team by the end of the year. Underground Cellar’s platform also uses AI to provide users with bottle upgrades. [Built In SF]
