SoFi’s Big Acquisition, Omada Health Got $192M, and More SF Tech News

Here’s what you may have missed in the world of SF tech.
Written by Delilah Alvarado
February 28, 2022Updated: February 28, 2022
Photo: Shutterstock
Photo: Shutterstock

Keep reading to find out went down last week in the Bay Area tech scene, with news in digital banking, healthtech, agriculture technology and so much more. This is the Built In SF weekly refresh.

SoFi acquired Technisys. SoFi Technologies announced it entered a definitive merger agreement to acquire Technisys. Technisys is a cloud-based, digital core banking platform founded in Buenos Aires in 1996. The acquisition will allow SoFi to provide and support more products and services. The deal is expected to close in the second quarter of 2022. SoFi aims to help individuals achieve financial independence with its financial management products, tools and services. [SoFi]

Omada Health gained $192M. Omada Health partners with employers, health plans and more to provide personalized healthcare for those with chronic conditions. The company gained $192 million in a Series E funding round that will go toward investing in its technology, its Omada Insights Lab and growing the team. Along with the funding, Omada Health also appointed Nancy Vitale as its chief people officer, Sunil Kayiti as chief technology officer and Taylor Harris as a board member. [Omada Health]

Bloomreach got $175M. Bloomreach gained its unicorn status with a $2.2 billion valuation after receiving fresh financing led by Goldman Sachs. The company helps businesses increase their conversion rates with its AI-power search optimization and merchandising solutions. Bloomreach will use the funding to expand its go-to-market teams and is currently hiring for over 40 tech roles. [Built In SF]


“Chat commerce is the future of digital commerce and engagement – it’s already happening at scale in markets such as China — and soon every consumer in the U.S. will engage family and friends via chat plus connect, interact and transact with the brands they love through their favorite chat platform.” — Pieter de Villiers, co-founder and CEO of Clickatell

Clickatell got $91M. Clickatell raised $91 million in a Series C round led by Arrowroot Capital. The company offers a global chat platform for banks and telecommunications, allowing brands to engage with their customers. With the fresh investment, Clickatell plans to scale its marketing and sales efforts, expand its U.S. footprint and accelerate the development of its platform. [Built In SF]

WildType gained $100M. WildType is a Bay Area-based company producing agricultural technology to create cultivated seafood like salmon that is free from mercury, microplastics and other contaminants. The company gained $100 million in a Series B round led by L Catterton with participation from other flashy investors such as Robert Downey Jr.s FootPrint Coalition and Leonardo DiCaprio. The funding will go toward its production capacity as it prepares for its launch in the U.S. [Business Wire]

Hasura gained $100M. Hasura’s open source Hasura GraphQL Engine makes it more efficient for companies to create a GraphQL API from almost any database. Greenoaks led a Series C funding round of $100 million. The capital raised will be used to invest in the open-source user community, accelerate the companys R&D efforts and expand its go-to-market efforts. [TechCrunch]

In more VC funding news: Redpanda, a streaming data platform, gained $50 million and plans to increase its go-to-market team as well as its global engineering team. [PR Newswire]

Backbone, which provides mobile devices with cross-platform game streaming, raised $40 million in a Series A round with several investors including Richard Post (Post Malone) and Ashton Kutcher’s Sound Ventures. [Backbone]

Canary Technologies, a provider of an end-to-end guest management system for users booking and staying in hotels, raised $15 million that will be used to hire "aggressively." [GlobalNewswire]

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