Companies in the Bay Area tech scene are working hard to achieve their goals. With several new rounds of venture funding and no shortage of creative innovation, read up on the latest. This is the Built In SF weekly refresh.
Netskope got $300M. The company provides a platform for users to securely access the internet from any device they choose. Following this latest raise, led by ICONIQ Growth, the cybersecurity unicorn is valued at $7.5 billion. With the funding, Netskope plans to expand its go-to-market strategy as it fuels further growth. It’s also currently hiring across engineering and customer support roles. [Built In SF]
Remote pulled in $150M. After an Accel-led Series B, the HR tech company is valued at more than $1 billion. The new Bay Area unicorn provides enterprises with a central place to manage payroll, taxes, compliance and more. Currently working with 50 international legal systems on its platform, Remote plans to invest the cash in accelerating its global expansion. The company is also hiring across several departments including sales and engineering. [Built In SF]
SF Tech Quote of the Week
Pantheon secured $100M. Its WebOps solution helps enterprises manage up to thousands of websites across multiple teams on a single platform. SoftBank's Vision Fund II led the company’s Series E round. With the capital, Pantheon is expanding its team across product development and customer success. This raise brings the company to unicorn valuation. [Built In SF]
Discord acquired Sentropy. Taking the next steps toward moderating messages on its chat platform, Discord bought Sentropy for its product that uses AI to filter out harassment and abuse. With 150 million monthly active users on its platform, Discord’s trust and safety team is getting help from Sentropy to ensure complete user safety. The terms of the transaction were not disclosed. [TechCrunch]
These startups could pave the way for new Bay Area tech. With their sights set on big time growth in the coming years, five early-stage San Francisco-based companies are hard at work innovating new solutions for a variety of industries. Featured this quarter are carbon-conscious mobile app Aerial, remote vet service provider Dutch, hourly employment finder Landed, new parent platform Oath Care and fertility startup Tulip. [Built In SF]
In more VC funding news: Palo Alto-based software developer DevRev raised a $50 million seed round from Mayfield Fund and others to create an API that helps developers boost their app revenue. [TechCrunch]
Helping brands to launch custom credit cards, Cardless got $40 million in Series B funding led by Activant Capital, enabling it to help more brands offer rewards programs to strenghten their customer relationships. [TechCrunch]
Stytch closed on a $30 million Series A round led by Thrive Capital to roll out additional authentication options for its product that provides companies with a way to offer users passwordless access to apps and websites. [Business Wire]
Based in Oakland, Mighty Buildings closed on a $22 million round to continue its efforts to achieve carbon neutrality as it uses 3D printing, robotics and more to modernize the construction industry. [VC News Daily]
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