Sardine Raised $51M, SecurityPal Launched, and Other Bay Area Tech News
As summer turns to fall, tech companies in the Bay Area continue to make big moves in the scene. Last week multiple companies raised multi-million dollars in funding while others launched their products for the first time. Here’s what you might have missed if you didn’t log in last week. This is the Built In SF Weekly Refresh.
Sardine raised $51.5M. The fraud protection platform plans to use its Series B funding led by Andreessen Horowitz to fuel product development and marketing and sales expansion. Sardine reduces financial fraud by combining traditional financial data sets with identity, behavior and device intelligence. [Built In SF]
SecurityPal emerged from stealth with $21M. The cybersecurity company transforms security review processes into a consolidated platform used by over 200 customers including Figma, Monday.com and Loom. SecurityPal plans to uses its Series A funds led by Craft Ventures to accelerate product development. [PR Newswire]
Built In SF highlighted five up-and-coming startups with its Future 5 series. We finished our coverage of five up-and-coming tech companies in the Bay Area. The five companies include Afropolitan, Limitless Guided Visualizations, Perform, U4U and Vestaboard. [Built In SF]
Bay Area Tech Quote of the Week
Ceribell bagged $50M. The platform uses a cloud-linked, portable EEG device to diagnose patients with seizures who are already suspected to have neurological conditions. The Series C extension led by Ally Bridge Group will fund commercial expansion across departments and intensive care units. [Built In SF]
Superb AI received $16M. The company offers an end-to-end training data platform that automates large amounts of data preparation to make it easier to build and iterate on datasets. Superb AI plans to use its new Series B funds led by Korea Development Bank to grow its team and accelerate product development. [PR Newswire]
In other funding news: Critical mission communications platform Somewear Labs raised $13.7M in a Series A funding round led by a group of angel investors.
Federato, the insurance portfolio strategy and underwriting company behind RiskOps, received $15M in a Series A funding round led by Emergence Capital.
Financial intelligence platform Brightflow AI raised $15M in a Series A funding round led by Haymaker Ventures.