While building new solutions to help power our daily lives, several NorCal companies filled their coffers with fresh funding last week. Billion-dollar valuations and a plethora of ideas are just the beginning. See what all is in store with the Built In SF weekly refresh.
Abnormal Security raised $210M. Offering an API-based cybersecurity solution, Abnormal Security works to help organizations protect their data against email attacks. Its solution has been adopted by several Fortune 500 companies amid today’s increasingly digitized work environment. The Series C funding round, led by Insight Partners, brings the company’s valuation to $4 billion. [Built In SF]
Rippling got $250M. Providing companies with a centralized solution for all their HR and IT management needs, Rippling has achieved an $11.25 billion valuation following its Series D funding round. The company is currently hiring across more than 200 roles, with a generous amount located at its San Francisco headquarters. Bedrock and Kleiner Perkins co-led the raise. [Built In SF]
SF Tech Quote of the Week
Altro pulled in $18M. The company is on a mission to close the gap in financial health for underserved groups. Its platform helps users build credit and improve financial wellness via payments the person is already making, as well as through educational content. Altro’s Series A funding, with participation from Jay-Z’s Marcy Venture Partners, will go toward expanding this content library and hiring product development talent. [Built In SF]
Manara secured $3M. On a mission to empower the future of tech through women engineers in the Middle East, Manara pulled in new capital — led by Stripe — to expand its reach. The company trains cohorts of software engineers and computer scientists and offers access to mentorships and networks. Manera currently serves 60 engineers each year, with hopes to scale that number to 6,000. [Built In SF]
Evisort raised $100M. Led by TCV, Evisort’s latest round of funding will go toward improving customer experience and growing its contract intelligence solution. The San Mateo-based company helps organizations easily access and manage this data within their contracts, a service that can provide insights for revenue and employee wellness opportunities and preparedness for things like supply chain disruptions. [Built In SF]
In more funding news: Felicis led the $80 million Series B funding round for Supabase, a Pleasanton-based company working to enhance its open-source database solution. It’s also doubling its headcount. [PR Newswire]
Observe grabbed $70 million from Sutter Hill Ventures and other investors to add new features and capabilities to its SaaS observability platform. The San Mateo-based company now has $114.5 million in funding. [PR Newswire]
With $45 million in new funding led by Scale Venture Partners, Mountain View’s Dusty Robotics is expanding its team and product offerings, and accelerating manufacturing of its construction site robots. [BusinessWire]
