Elon Musk Buys Twitter, Harness Raises $230M, and More San Francisco News

Here's what you may have missed in the San Francisco tech scene last week.

Written by Charli Renken
Published on May. 02, 2022
Elon Musk Buys Twitter, Harness Raises $230M, and More San Francisco News
Harness team outing photo | Built In SF Weekly Refresh
Photo: Harness/LinkedIn

The Bay Area was a-Twitter (too soon?) with tech news last week. Read on to hear about all the exciting funding and acquisition announcements you might have missed. This is the Built In SF weekly refresh.

Elon Musk bought Twitter for $44B. The Tesla and SpaceX CEO entered into an agreement to acquire the social media company and take it private. He plans to focus on easing content restrictions to make the platform a “digital town square” of free speech. [Built In SF]

Vobile raised $127M. The SaaS company makes platforms for online video content protection and monetization widely used by film, television, and music industries. The company plans to use its funds to grow its presence in China. [PR Newswire]

Harness raised $230M. The AI-powered software delivery platform provides simple, safe and secure application delivery for engineering and DevOps teams. The company plans to use its new capital to hire more team members and expand its platform. [Built In SF]

SAN FRANCISCO TECH QUOTE OF THE WEEK

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spambots and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

FreeWire Technologies raised $125M. The ultrafast electric vehicle charging and energy management solutions company plans to uses its new funds to accelerate commercial deployments and increase manufacturing capacity. [BusinessWire]

RelationalAI raised $75 million. The relational graph developer is still in its early stages and plans to use its new funds to accelerate product development and go-to-market strategies. [Built In SF]

Qualified raised $95M. The pipeline generation platform helps revenue teams that use Salesforce harness buyer intent data and provides instant, personalized sales experiences. Qualified plans to use its funds to expand its team, invest in customer success and accelerate its product roadmap. [BusinessWire]

Replicant raised $78M. The contact center automation provider helps companies retain customers, build brand loyalty and reduce costs by automating management of common customer service issues. Replicant plans to use the capital to invest in sales, marketing and product enhancements. [PR Newswire]

In more VC funding news: Web3 infrastructure developer 0x Labs raised $70 million to grow its team, as well as its product and service offerings. [BusinessWire]

Wisq raised $20 million for its workplace social well-being platform, which uses technology to create authentic connections and supportive environments for remote and in-person coworkers. [Built In SF]

Supply chain sustainability insights platform Higg raised a $50 million Series B to accelerate product delivery and expand its consumer goods categories. [PR Newswire]

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