No matter the current economic climate, there’s never a shortage of innovation coming out of Silicon Valley. Several companies in the nation’s tech capital announced new funding rounds and other growth moves last week. Check out the latest in the Built In SF Weekly Refresh.
These five San Fransisco tech companies raised the largest funding rounds in January. The biggest tech funding round in the Bay Area last month totaled $10 billion to fuel new developments in artificial intelligence supercomputing. Other companies closed out January with fresh funding for healthtech, smart home devices and other ideas. Learn which companies secured the month’s largest rounds and which are now hiring. [Built In SF]
Freemodel raised $19.5M. Burlingame-based home renovation company operates a tech-enabled solution to help real estate agents design, manage and pre-pay for their clients’ home renovations. The company secured a round of Series A funding from lead investor QED Investors. Currently operating in California, Freemodel will use the money to expand its service to additional states, starting with Texas and Florida. [PR Newswire]
SF Tech Quote of the Week
“Increasingly, operators in business aviation are looking for mobile-first and cloud-based solutions. Portside provides industry-leading solutions that enable operators to grow their businesses while improving the quality of service they can offer. Our focus on the customer and delivering secure, intuitive and effective solutions makes Portside the best solution for all private, corporate and government flight departments.” — Alek Vernitsky, Portside’s co-founder and CEO
Portside pulled in $50M. Offering a software solution to help business aviation operators with things like scheduling, reporting and analytics, Portside grabbed a round of Series B funding to further its solution. Insight Partners led the round that will help Portside expand its product portfolio and customer base. It’ll also expand its team across customer service and sales. [Built In SF]
Marqeta hired a new exec and made an acquisition. The Oakland-based company operates a card-issuing platform to help customers build flexible payment experiences. Marqeta recently appointed Simon Khalaf, who was previously the company’s CPO, as its new CEO. Additionally, Marqeta announced plans to acquire credit card program management platform Power Finance. [Marqeta]
In other VC funding news: Debt capital management company Finley raised $17 million led by CRV to built out functions across product design, operations and marketing. [Finely]
Teal Health secured $8.8 million from Emerson Collective and others to build out its women’s healthcare solution for cervical cancer screening. [Built In SF]
Digital employee experience platform Cleary announced a $4.5 million seed round to optimize its digital employee experience platform. [PR Newswire]
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