San Francisco tech companies are gearing up for a future where quantum computing, data-collecting drones and sustainable energy are the norm. Check out what new technologies are in the works at the companies that raised the largest Bay Area tech rounds in February.
San Francisco Top Tech Funding Rounds, February 2023
- SandboxAQ
- Anthropic
- Pristine Sun
- Skydio
- Juniper Square
#5. $133 million, February 13
Juniper Square’s tech works to help investment managers accelerate fundraising, scale operations efficiently and improve investor satisfaction. The company announced a $133 million growth round led by Owl Rock that it’ll put toward accelerating product innovation, expanding its fund administration services and fueling growth in private markets.
#4. $230 million, February 27
Linse Capital led the Series E funding round that brought drone company Skydio’s valuation to $2.2 billion. Serving consumers, enterprises and government organizations, Skydio offers autonomous drones for surveillance and public safety uses. To date, the drone manufacturer’s funding totals $562 million.
#3. $250 million, February 6
The solar energy company secured a $250 million investment from private equity and family investors. Pristine Sun plans to build up to 5 gigawatts of solar projects. Its new capital will support the development, construction and operation of renewable energy projects in Texas, Louisiana and California.
#2. $300 million, February 3
The company developed a competitor to OpenAI’s ChatGPT. Google invested $300 million in Anthropic and its chatbot Claude. This funding brings Anthropic’s valuation to about $5 billion. Claude uses a constitutional AI process and is reportedly similar to ChatGPT. The bot is currently available in a closed beta through a Slack integration.
#1. $500 million, February 14
Oakland-based SandboxAQ develops cybersecurity solutions that help enterprises fortify their encryption against hackers using quantum computing. Though new cryptography standards have been put in place, some system elements are still based on the old standards and will be vulnerable when quantum computing gains traction in the future. SandboxAQ’s latest funding will help companies prepare for this era.
