KeepTruckin Got $190M, Snackpass Raised $70M, and More SF Tech News

June 28, 2021
photo: keeptruckin

These Bay Area tech companies are paving the way for innovation across a number of industries, from food delivery to shipping logistics, and pulled in hefty funding rounds to back their big ideas. Read what’s underway in San Francisco. This is the Built In SF weekly refresh.

Neo4j raised $325MThe database company closed on its latest round of funding to grow its graph-based analysis product, which offers solutions for data storage and data science. Serving 800 enterprises, Neo4j is doubling down on its product and pursuing initiatives like deepening its partnerships with public cloud providers. [TechCrunch]

Unison secured $210M. In today’s expensive housing market, this company helps homeowners access their equity via co-investments. Unison works to help improve home affordability and reduce debt for homeowners. It’s planning to continue its work following its latest round of funding. [PR Newswire]

SF Tech Quote of the Week

“We started KeepTruckin with a clear mission — to improve the safety and efficiency of the businesses that power our physical economy. The technology helps to automate any complex distributed operation that happens in the physical world.” —Shoaib Makani, CEO of KeepTruckin

KeepTruckin pulled in $190MWith its AI-based platform, the logistics company aims to help truck drivers with things like ELD compliance, vehicle maintenance and fuel spend management. It plans to build out its R&D team with this Series E capital, as well as enhance its product suite. G2 Venture Partners led the round for the $2 billion unicorn. [Built In SF]

Primer got $110MIts NLP platform provides intelligence companies with transcription services, summarization and more. The company just closed on its Series C round led by Addition, and it plans to invest in developing larger and better-performing language models. It’s also expanding internationally and hiring for several roles. [Built In SF]

Cypher Learning raised $40MOffering learning management systems for students, businesses and entrepreneurs, Cypher is planning to invest in sales, marketing and development operations for each of its remote learning platforms. Its latest injection of capital came from Invictus Growth Partners. [Built In SF]

Figma secured $200MThe software design company’s valuation reached $10 billion following this latest round from investors including Durable Capital Partners and Morgan Stanley. Figma is putting the funding toward its user base and expanding its browser-based products. It also plans to employ 500 people by year’s end. [Yahoo Finance]

Snackpass pulled in $70MValued at $400 million following its Series B round, Snackpass offers a platform that combines social networking and food delivery. Users can view what their friends have ordered, order things for each other and place group orders. Craft Ventures led the round, enabling Snackpass to expand into more U.S. markets. [TechCrunch]

In more funding news: Stripes led the $50 million Series B funding round for Oyster. The company is planning to expand its HR platform for globally distributed companies into more countries across the globe. [PR Newswire]

Offering enterprises an AI-based no-code workflow automation platform, Tonkean pulled in a $50 million Series B led by Accel to grow its engineering and go-to-market teams as it pursues further expansion. [Built In SF]

Sanity grabbed $39 million in a Series B funding round led by ICONIQ Growth. With a CMS that helps teams launch digital initiatives, the company is using the capital to expand its operations and business reach. [Built In SF]

Helping HR teams make fair and competitive compensation programs, Pequity secured $19 million in Series A funding led by Norwest Venture Partners to invest in product development and team growth. [PR Newswire]

Via raised $15 million in Series A funding for its mobile commerce platform. It’s growing its platform that connects retailers to its mobile shopping app following this Footwork-led round. [TechCrunch]

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