Product innovation is taking off after waves of fresh funding washed up on the West Coast last week. San Francisco tech companies are making moves in education, hospitality and a range of other sectors. Find out what’s new in the Built In SF Weekly Refresh.
Merge secured $55M. The company develops software for B2B organizations that lets them integrate customer-facing APIs, like Google Workspace and QuickBooks, more efficiently. Merge closed on its Series B funding round led by Accel, totaling its venture capital at more than $75 million. Looking to build on recent growth, Merge is expanding its team with a focus on R&D and go-to-market talent. [Built In SF]
Classera raised $40M. The edtech company offers a gamified learning management platform powered by AI to encourage social learning. Its Learning Super Platform serves the education and corporate training sectors in emerging markets, and it will undergo development following Classera’s Series A round. Led by Sanabil Investments, the funding will also help fuel growth within the Middle East and North Africa region. [PR Newswire]
SF Tech Quote of the Week
TeamOhana was included in Built In’s Future 5. Keeping a growing business on track can be tricky with volatile economic conditions and other emergent concerns. Rather than resorting to huge staffing reductions, TeamOhana helps businesses improve their people planning. Its solution compiles data across finance, HR and management teams to give companies an effective headcount, enabling them to plan their next steps accordingly. [Built In SF]
Canary pulled in $30M. Offering guest management and digital authorization solutions to hospitality companies, Canary Technologies will expand its team and advance its tech offerings. The company pulled in a round of Series B capital led by Insight Partners that brings its total funding to $45 million. Its platform serves hotels like Four Seasons and Best Western across 75 countries. [PR Newswire]
Wispr got $10M. The company is building neurotechnology that aims to make the way humans interact with digital solutions feel more natural. Its latest capital raise will help it begin the development of its thought-controlled personal computing tech. Wispr is prioritizing product engineering and design as it grows its team. [Built In SF]
In more VC funding news: WeTravel pulled in $27 million in Series B funding from Left Lane Capital to expand its solution for its payments and more. [TechCrunch]
Cybersecurity company Valence raised $25 million in Series A funding from Microsoft’s M12 fund to scale its platform that helps businesses reduce risks for SaaS data sharing and more. [BusinessWire]
