The start of a new quarter came with plenty of exciting news out of the Bay Area’s tech scene last week. Not only did multiple companies raise serious cash, we also released our quarterly list of up-and-coming tech startups you should keep an eye on. Read on to hear what you might have missed last week. This is the Built In SF Weekly Refresh.
Coalition raised $250M. The Series F round brings the cyberthreat insurance company’s valuation to $5 billion. Coalition provides “active insurance” coverage for cyberthreats as well as a real-time risk assessment tool. [Venture Beat]
The Bay Area’s top five funding rounds brought in $1.2B last month. That might sound like a huge number, but it’s actually slightly less than the $1.4 billion raised from the top five local rounds last month. June’s top five funding rounds came from DataStax, Magic Eden, Coralogix, FalconX and Intersect Power. [Built In SF]
Built In SF released its Future 5 series for Q2. As part of our ongoing Future 5 series, we highlighted five local early-stage startups to keep an eye on. Clockwork, Copia, Grain, Pandia and Posh were our picks for this past quarter. [Built In SF]
Xperi acquired Vewd Software. Xperi, an entertainment technology company, purchased television software developer Vewd for $109 million in cash and debt. [Business Wire]
Bay Area Tech Quote of the Week
Upwork and Tent partnered to support Ukrainian refugees. Upwork, a marketplace for freelance work, and Tent, a network of global businesses supporting refugees, teamed up to connect displaced Ukrainians with remote work opportunities. The Opportunity Unlimited initiative is expected to connect tens of thousands of refugees with skilled remote job positions. [Business Wire]
Iterable exceeded 1,000 customers. The San Francisco company offers a customer activation platform for brands such as Cinemark, Jersey Mike’s, Coinbase and Carvana, among others. In just nine years since launching, the Iterable platform is now used by more than 1,000 customers across the world. The company is hiring from more than 30 open positions spanning its engineering, design, finance, product and sales teams. [Iterable]
In other funding news: Payment collection automation company Tesorio raised $17 million in Series B funding led by BAMCAP Ventures. [TechCrunch]
Fyto, a company using automation to unlock the power of aquatic “superplants,” raised $15 million in Series A funding led by GV. [Business Wire]
