Catch up on the latest news coming out of the Bay Area, including new capital raises, hiring initiatives and innovations. This is the Built In SF weekly refresh.
Aptos raised $200M. Aptos aims to bring equity in the crypto space by making its own blockchain on its own decentralized network. Aptos raised $200 million led by Andreessen Horowitz that will be used for product development and to increase its employee headcount. The company currently has 13 tech roles to fill. [Built In SF]
Cowbell Cyber got $100M. The Series B round was led by Anthemis Group. Cowbell Cyber provides cyber insurance to small to medium-sized businesses by using AI to gauge risk and pricing. The funding will be used to invest in different aspects of its insurance and expand its go-to-market channels, among other initiatives. [Cowbell Cyber]
SAN FRANCISCO TECH QUOTE OF THE WEEK
Webflow raised $120M. Webflow is a no-code platform that allows users to easily create websites. The $120 million Series C was led by YC Continuity and raised Webflow’s valuation to $4 billion. In addition to the fresh funding, Webflow also announced its community grants program that will invest $10 million into its users. The company is now hiring for 60 positions. [Built In SF]
Bear Robotics brought in $81M. Bear Robotics provides technology solutions for the restaurant and hospitality industry and has a fleet of autonomous service robots. Bear Robotics raised $81 million in a Series B round that will go toward its technology and solutions. [Bear Robotics]
In more VC funding news: Socotra, which provides a core platform for the insurance industry, raised $50 million in a Series C round that will go toward expanding the platform’s functionality and reach. [Socotra]
Low-code, live video platform 100ms gained $20 million in a Series A round to “build deeper-than-physical live video experiences,” according to its website. [100ms]
