Last week was a busy period for venture funding in the Bay Area. Several tech companies announced new rounds of various sizes, and some of them are hiring. From fintech to healthcare, find out what’s in the works. This is the Built In SF Weekly Refresh.
ThoughtSpot acquired Mode Analytics. In a deal worth $200 million, Mountain View-based ThoughtSpot, an AI-powered analytics platform, is bringing business intelligence platform Mode Analytics on board. The combined company’s goal is to offer data analysts and business users a comprehensive platform for extracting value from their data. [Globe Newswire]
Big Health acquired Limbix. Big Health offers digital treatments for mental health conditions. The company announced its acquisition of Limbix, a digital therapeutic provider for teens and young adults with symptoms of depression. As a result of the deal, Big Health’s offerings will include SparkRx, an adolescent depression and anxiety product. [Big Health]
SF Tech Quote of the Week
“I am immensely proud to lead the talented Embroker team and to continue transforming the insurance industry through technology innovations. Technology is the catalyst to bring Embroker into the next era of insurance for businesses. That’s why my first priority is further building our platform so we can innovate faster and better, meeting the needs of businesses where they’re going tomorrow — not just where they are today.” — Ben Jennings, CEO of Embroker
Embroker appointed a new CEO. Embroker, a digital insurance brokerage for businesses, appointed its former chief revenue officer, Ben Jennings, to the position of chief executive officer. The succession comes after founding CEO Matt Miller’s departure from the company. Jennings will assume his new position immediately.
Hammerspace raised $56.7M. Aiming to help companies leverage their unstructured data for business purposes, Hammerspace is expanding its team with a new round of capital. The data orchestration platform raised a round of capital led by Prosperity7. It plans to grow its 75-person team to more than 100 by the end of the year in positions spanning customer success, sales and marketing. [Built In SF]
Hightouch secured $38M. Hightouch enables marketing and data teams to activate customer data from their warehouse directly to platforms like advertising outlets and customer relationship management systems. The company plans to scale its engineering and go-to-market teams with its latest round of funding led by Bain Capital Ventures. [PR Newswire]
Runway pulled in $27.5M. Spearheaded by the former president of Sandbox VR, Runway offers strategic management tech to help businesses streamline financial modeling, planning and reporting workflows. The company secured a Series A round led by Initialized Capital to keep up with increased product demand. Its total funding reached $33.5 million to date with the latest round. [Yahoo Finance]
In more VC funding news: Private markets fintech company Anudin raised $15 million in a round of Series B funding led by 8VC to deepen its platform’s functionality and integrations. [Businesswire]
Bureau, a company specializing in customer identity verification, raised $4.5 million to add to its Series A. It’s planning to hire new talent and expand its global reach. [Built In SF]
