UPSIDE Foods Became a Unicorn, Mutiny Got $50M, and More SF Tech News

Here’s what you may have missed in the world of SF tech.
Written by Delilah Alvarado
April 25, 2022Updated: April 25, 2022
Photo: Mutiny
Photo: Mutiny

There is so much to catch up on from the Bay Area tech scene. Keep reading to hear all the announcements spanning different sects of tech. This is the Built In SF weekly refresh.

Hasbro to acquire D&D Beyond. Hasbro is acquiring Fandom’s D&D Beyond, a digital toolset for a role-playing fantasy game, for $146.3 million. Hasbro, which has been a partner of D&D Beyond since 2019, said the acquisition will expand its presence in the gaming and digital role-playing games industry. [Built In SF]

NexHealth raised $125M. NexHealth grew its valuation up to unicorn status after a Series C round led by Buckley Ventures. NexHealth aims to digitize the experience of patients with its API. The Series C raise will go toward seeking strategic talent acquisitions. [Built In SF]

Clipboard Health gained $80M. Clipboard Health allows healthcare workers to manage and find shifts at facilities seeking help. Sequoia Capital led the funding round, bringing its valuation up to $1.3 billion. The total funding raised is over $90 million, according to the company.  [Creating Value From Nothing/Clipboard Health] 


“In a world of increasingly scarce resources and growing global demand, UPSIDE Foods believes that people should be able to continue to enjoy and expand upon their most cherished culinary traditions. We believe that we can supplement the existing meat supply and meet the growing demand for meat without more animals.” – Uma Valeti, UPSIDE’s CEO

UPSIDE Foods became a unicorn. The company raised a Series C round of $400 million co-led by Temasek and the Abu Dhabi Growth Fund. UPSIDE Foods cultivates meat from livestock animal cells, an alternative and sustainable way of supplying meat. The cultivated meat does not rely on slaughter and can reduce contamination risk, while also using fewer resources. The new capital will go toward a production facility, as well as commercializing its products, focusing first on chicken. [Built In SF]    

Mutiny got $50M. Mutiny helps websites with their ad revenue by providing AI to write website copy and content. Tiger Global and Insight Partners led this Series B round, bringing the company’s valuation up to $600 million. Mutiny will invest in its AI technology and plans to double the size of its 40-person team throughout the year. [TechCrunch]

Mux obtained the Amazon CloudFront Ready designation. Mux is a video platform producing on-demand, live, high-quality content without a huge team. Mux achieved the designation as a part of the Amazon Web Services (AWS) Service Ready Program. The company said the Mux Data integration will provide more insights and metrics. [PR Newswire]

Noyo and XP Health partnered up. XP Health provides vision care using an AI-powered platform, with no co-pays and no hassle. The company partnered with Noyo, which is known for its modern data infrastructure for employee benefits. The partnership will allow XP Health to deliver group benefits seamlessly. [GlobeNewswire]

In more VC funding news: A SaaS company creating product demonstrations, Demostack, raised $34 million to expand globally and for research and development. [Built In SF]

Glacier, a tech company focusing on AI-powered recycling robots to help the recycling industry, launched with $4.5 million in seed funding. [Built In SF]

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