SingleStore Got $116M, Pulley Raised $40M, and More Bay Area Tech News

Here’s what you may have missed last week in San Francisco’s tech scene.
Written by Charli Renken
July 18, 2022Updated: July 18, 2022
singlestore's team
Photo: SingleStore / Facebook

There was a slew of funding news out of the Bay Area last week, with multiple companies raking in millions of dollars of new funding, as well as a massive multi-billion dollar acquisition. Here’s what you may have missed last week. This is the Built In SF Weekly Refresh. 

Unity acquired IronSource for $4.4B. The real-time 3D content platform announced last week that it plans to acquire Tel Aviv-based IronSource, an app creation platform for businesses, which will become a wholly-owned subsidiary of Unity. Together, the companies will create an end-to-end creator platform. [Built In SF]

SingleStore raised $116M. The cloud and on-premises app database provider plans to use its Series F funds to accelerate product development and hire new talent. The funding round, led by Goldman Sachs, brings SingleStore’s total capital to $382 million and launched its valuation into unicorn status. [TechCrunch]

Tecton raised $100M. The Series C round led by Kleiner Perkins brings the machine learning platform’s total funding to $160 million. It plans to use its new funds to deliver on customer value and expand its engineering and go-to-market teams. [GlobeNewswire]

Bay Area Tech Quote of the Week

“We’re excited for Pulley to take a new approach to equity management. We help companies make better decisions about equity allocation before they get recorded on the cap table.” — Yin Wu, co-founder and CEO of Pulley

Pulley raised $40M. The equity management platform will use its new Series B funds, led by Founders Fund, to expand its team. [Built In SF]

AssemblyAI raised $30M. The speech-to-text and text analysis platform plans to use its new Series B funds led by Insight Partners to hire talent for its research and engineering teams. [TechCrunch]

In other funding news: Arist raised $12 million for its microlearning platform that helps companies deliver short-form educational content to their employees through messaging apps. [Built In SF]

Uprise, a personal finance platform that helps Gen Z users better understand their finances, raised $1.4 million to accelerate its product roadmap and expand its team. [Built In SF]

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