9 Bay Area Startups, Led by Arctic Wolf, Raised $535M Last Week

Arctic Wolf and Newfront Insurance brought in a combined total of $300 million in fresh funding announced last week.

Written by Jeremy Porr
Published on Oct. 26, 2020
9 Bay Area Startups, Led by Arctic Wolf, Raised $535M Last Week
A view of the Bay Bridge and the San Francisco skyline.
photo: Shutterstock

Arctic Wolf raised $200M. The Series E for the Sunnyvale cybersecurity startup brings its valuation to $200 million. The round was led by Viking Global Investors with additional participation from DTCP. The additional capital will go toward accelerating product development and expanding into new markets. The company’s cloud-native platform serves as a concierge service for security operations. [Businesswire]

Newfront Insurance grabbed $100M. The latest round for the insurtech startup was led by Founders Fund and Meritech Capital, and brings the company’s valuation to $500 million. Newfront’s platform features thousands of digitized insurance applications that can be viewed or changed at any time. The company provides businesses with personalized, industry-specific coverage plans. The new funding will be used to further invest in Newfront’s platform, expand resources for its clients and improve its growth strategy. [Built In SF]

Handshake secured $80M. The Series D will be used to extend the company’s job recruiting service to community college students and expand the size of its team. Handshake serves as a virtual job board for college students and new graduates. Recruiters on the platform have the ability to direct message with applicants they’re interested in. The company is now hiring for multiple roles in sales, marketing, finance and more. [Built In SF]

Retool raked in $50M. The app-building startup’s Series B round brings the company’s valuation to $925 million. Retool helps its clients build internal applications by providing them with a drag-and-drop template to lay out their user interface, as opposed to building code from scratch. Sequoia led the round along with participation from several existing investors. [SF Business Times]

Anyscale raised $40M. The Series B for the Berkeley distributed computing startup was led by NEA, with Andreessen Horowitz, Intel Capital and Foundation Capital also participating. Anyscale aims to make Ray, a distributed execution framework, available not just to high-end developers but to anyone looking to run projects that require large amounts of computing power. The company will put the additional capital toward product research and development. The platform is in a private beta stage and plans to launch next year. [TechCrunch]

4IQ grabbed $30M. The Series C for the cyber intelligence startup was led by Forgepoint Capital and Benhamou Global Ventures. The company will use the additional capital to accelerate growth and ramp up investments in its go-to-market initiatives. The company’s platform acts as an identity intelligence and attribution analysis solution used by fraud investigation units, anti-money laundering and financial crime intel units. [FinSMEs]

Unit21 secured $13M. The latest round for the Los Altos transaction monitoring and case management startup was led by A. Capital Ventures and Gradient Ventures. Other investors include Chime co-founders Chris Britt and Ryan King. Unit21 provides a no-code service that monitors fraudulent activity online. The additional capital will be used to hire for its product and distribution management teams. The company will also double down on its sales and marketing efforts and plans to make its technology available in new industries. [VentureBeat]

Intellimize got $12M. The San Mateo company will use the additional capital from its latest round to expand adoption of its intelligent website optimization solution. Addition led the round, with participation from previous investors Amplify Partners, Homebrew, and Precursor Ventures. Intellimize uses machine learning to automatically adjust web pages in response to changes in buyer behavior over time. [FinSMEs]

Pulley ropes in $10M. Stripe led the Series A for the cap table management startup. Pulley’s platform assists startup founders and employees in the process of figuring out their equity. The company will use the additional capital to aggressively hire for new positions, with a focus on remote roles. [Crunchbase]

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