Moxion Raised $100M, Unravel Data Got $50M, and More Bay Area Tech News

Catch up on the latest tech news out of San Francisco.
Written by Charli Renken
October 3, 2022Updated: October 3, 2022
A truck pulling a trailer both with Moxion's logo on them.
Photo: Moxion

Last week was a whirlwind of funding news. Several companies raised multi-million dollar funding rounds, many of which will be used to hire new talent. Another company also announced they’re hiring for a dream job that will send someone to Australia and New Zealand. Here’s what you missed last week in the Bay Area tech scene. This is the Built In SF Weekly Refresh.

Moxion Power raised $100M. The clean, mobile energy storage manufacturer will use its Series B led by Tamarack Global to scale production at its manufacturing facilities. A number of significant investors also participated in the funding round, including Sunbelt Rentals, Amazon’s Climate Pledge Fund, Microsoft’s Climate Innovation Fund, Enterprise Holdings Ventures, Marubeni Ventures, Suffolk Technologies, and [Business Wire]

Unravel Data closed $50M. The DataOps observability platform will use its Series D round to accelerate product development for the next generation of its technology. Unravel Data helps businesses understand and optimize the performance and cost of modern data applications by providing comprehensive insight into data stacks. [Business Wire]

Bay Area Tech Quote of the Week

“Deel is so excited to share stories from the road through our Social Media Nomad role. This person is going to shape the narrative around what remote, global work can unlock.” — Shannon Sweester, director of social media at Deel

Deel announced a “social media nomad” position. The “dream job down under” will consist of traveling in a retrofitted van across Australia and New Zealand while documenting the benefits of remote work. Deel is a remote hiring and employee management platform that helps global companies find, onboard and manage workers all over the world. [Built In SF]

Workstream announced a $60M investment. The mobile-first hiring and onboarding platform raised a $60 million extension to its Series B funding, bringing the round’s total to $108 million. Workstream is a hiring platform aimed specifically at deskless workers. The company plans to use its new funds to expand into new verticals and boost its research and development investments. [Business Wire]

In other funding news: Supply chain intelligence system raised $25M in Series C funding. [PR Newswire]

AI-enabled incident analysis platform Jeli raised $15M in a Series A round led by Addition. [Business Wire]

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