MoEngage Raised $77M, Vendia Secured $30M, and More SF Tech News

Here’s what you may have missed in the Bay Area tech scene last week.

Written by Charli Renken
Published on Jun. 06, 2022
MoEngage Raised $77M, Vendia Secured $30M, and More SF Tech News
MoEngage team
Photo: MoEngage / LinkedIn

Last week came and went with a flurry of new funding announcements. There were also a number of exciting acquisitions that brought companies together to strengthen their capabilities and growth. In case you missed it, here’s what happened last week in the Bay Area tech scene. This is the Built In SF Weekly Refresh.

Guild Education reached a $4.4B valuationWith a $175 million Series F round, Guild Education is now valued at $4.4 billion. The Series F round, which was led by Wellington Management with participation from Oprah Winfrey and others, comes one year after the company raised a $150 million round. Based in Colorado with a presence in NYC, Chicago, San Francisco and Los Angeles, Guild Education partners with employees to offer education-based benefits and is currently hiring for more than 40 roles spanning its design, engineering, finance, product, marketing and recruiting teams. [Denver Business Journal]

WorkOS raised $80M and acquired Modulz. WorkOS enables developers to add enterprise features to software such as single sign-on and directory sync. In addition to the Series B round, the company also acquired UI design company Modulz, which will move its Radix team over to the WorkOS team. [Built In SF]

MoEngage pulled in $77M. The round led by Goldman Sachs Asset Management and B Capital will go toward deepening MoEngage’s geographic footprint in U.S., Europe, Asia, and Middle East markets as well as expanding to new markets such as Latin America and Australia. The insights-led customer engagement platform also hopes to use its new funds for strategic acquisitions. [PR Newswire]

San Francisco Tech Quote of the Week

“We started FarmWise with the conviction that farmers should be supplied with cost-effective, sustainable solutions to feed a growing world, and artificial intelligence is the ideal technology to make this a reality. With rising costs in the agricultural industry, we’re continuing to expand our technology to work with many more farmers.” — Sebastien Boyer, co-founder and CEO of FarmWise

FarmWise raised $45M. The Salinas-based company produces AI-backed robotic farmland tools. The Series B round co-led by Fall Line Capital and Middleland Capital will accelerate FarmWise’s roadmap to release a vegetable weeding implement. [Built In SF]

Vendia secured $30M. The blockchain-based platform enables businesses to share data and code with partners across channels. The round was led by NewView Capital and will be used to double its team by the end of the year. [TechCrunch]

Ordr bagged $40M. The Series C funding round co-led by Battery Ventures and Ten Eleven Ventures will used to accelerate sales and marketing plans, partnership expansion and customer success investments. Ordr is a connected devices management platform that helps keep companies safe from ransomware attacks. [PR Newswire]

Lookout acquired SaferPass. Lookout, an endpoint and cloud security solutions provider, added SaferPass, a password management company, to its team. Lookout is also hiring 68 positions. [PR Newswire]

Chime appointed Vineet Mehra as CMO. The fintech company brought Mehra on to help further the company’s mission of giving its members financial security. Mehra joins Chime after serving as Good Egg’s Chief Growth Officer and CX Officer. [Chime]

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Artificial Intelligence • Big Data • Healthtech • Machine Learning • Software • Biotech