Aurora Solar Raised $200M, Starship Gained $42M, and More Bay Area Tech News

Here’s what you may have missed in the world of San Francisco tech.

Written by Delilah Alvarado
Published on Mar. 07, 2022
Aurora Solar Raised $200M, Starship Gained $42M, and More Bay Area Tech News
Photo: Starship Technologies
Photo: Starship Technologies

Bay Area tech companies started March by raising several funding rounds and partnering with each other. A venture capital firm also raised funds. Keep reading to find out more. This is the Built In SF weekly refresh.

Aurora Solar raised $200M. Aurora Solar works for solar professionals providing them with the software and tools to create solar installations. The company raised $200 million in a Series D round co-led by Coatue and Energize Ventures, bringing its valuation to a whopping $4 billion. Aurora Solar plans to expand its product offerings and its team. The company is looking to hire 48 members and has multiple remote roles currently available. [Built In SF]

Electric Capital gained $1B. The venture firm that invests in blockchain, Web3 and crypto networks raised $1 billion to invest in more businesses. The new funding makes Electric Capital one of the “largest independent, crypto-native venture capital firms, according to a company statement. The firm will continue to make investments between $1 million and $20 million in tokens and equity in companies with a focus on NFTs, Web3 and decentralized finance. [PR Newswire]

Apollo.io raised $110M. Apollo.io, the B2B sales intelligence and engagement platform, raised $110 million in a Series C funding round led by Sequoia Capital. These funds will be used to invest in building out Apollo.io’s platform. The platform helps sales teams automate their workflows as well as streamline their sales processes by integrating with other tools. Apollo.io is used by both startups and large global companies. [TechCrunch]

SAN FRANCISCO TECH QUOTE OF THE WEEK

“Builders have an incredibly important, incredibly difficult job. Our goal is to make their lives easier and more efficient. We do so with technology that augments and supports their work.” — Jeevan Kalanithi, co-founder and CEO of OpenSpace

OpenSpace gained $102M. OpenSpace gained $102 million in fresh financing, inching closer to unicorn status with a valuation of $902 million. OpenSpace provides users with AI-driven software to get a full visual of any environment, specifically constructions sites. This software allows stakeholders to easily work together on projects without having to be on site. The fresh funding will go toward product development and growing OpenSpace’s team, which currently has a dozen tech roles available. [Built In SF] 

Bandcamp joined Epic Games. Bandcamp, the music streaming and purchasing platform allowing artists to connect, announced it is joining Epic Games, the makers of famous games such as Fortnite and Unreal Engine. Bandcamp will continue to operate as usual but will be looking to expand internationally while working with Epic Games. Epic Games and Bandcamp share a vision of building an open ecosystem for creatives. [Bandcamp]

In more VC funding news: Starship Technologies, the company creating autonomous robots to deliver food and smaller items, gained $42 million to expand its footprint. [TechCrunch]

Owner.com provides smaller and independent restaurants with digital tools needed to manage their website, marketing, delivery and more. Owner.com expanded its suite of tools after raising $15 million in fresh funding. [TechCrunch]

Hiring Now
Canva
Cloud • Digital Media • Machine Learning • Mobile • Software • Design