WeaveGrid Secured $35M, Butter Got $9M, and More SF Tech News

Catch up on the latest developments from the Bay Area tech scene.

Written by Ashley Bowden
Published on Nov. 21, 2022
WeaveGrid Secured $35M, Butter Got $9M, and More SF Tech News
The Butter team poses together outside for a group photo
Photo: Butter Technologies / LinkedIn

Innovating spaces from social media to foodtech, check out which companies made a splash on the San Francisco tech scene after last week’s new growth moves. This is the Built In SF Weekly Refresh.

Astera Labs pulled in $150M. The company helps organizations run their compute-intensive workloads with its data and memory chips. Recently, Astera Labs added new research and design facilities to its global network and launched an additional product offering. Building on its recent growth, Astera Labs will use its new capital to scale its team across engineering and product. [Built In SF]

Bay Area companies ranked on Deloitte’s 2022 Technology Fast 500. Consulting company Deloitte released its annual list of the nation’s fastest-growing tech companies. This year, 100 Bay Area-based companies made the list. The highest-ranking San Francisco company took the No. 1 spot with a 125,138 percent growth rate over the past three years. [Built In SF]

SF Tech Quote of the Week

“[Through] that expression of your aesthetic in these visual mood boards, you actually build authentic connections with those that you may never have met if you were limited to the current social media that you have access to. Real friendships and real communities form and the reason people come back is not just to create, but to create and view others [work]. ... It becomes more of a community rather than just a creator tool.” — Laya Adib, ShopLook founder and CEO

ShopLook was featured in Built In’s Future 5 series. ShopLook helps users express their unique personalities and interests through customizable mood boards and collages, and each item on its boards can be made shoppable. The company’s mobile app has amassed a user base of 1.2 million people. Down the line, ShopLook will add new platform features like animated collage elements and artificial intelligence-generated images. [Built In SF]

WeaveGrid secured $35M. WeaveGrid develops data products meant to enable faster electric vehicle adoption. The company pulled in a round of Series B funding with plans to expand its product capabilities for utilities, further automaker engagement and enhance the driver experience. Salesforce Ventures led the round. [PR Newswire]

Parallel Domain raised $30M. Working to build elements of an autonomous world, Parallel Domain’s solution enables AI developers to generate synthetic data for training and testing perception models quickly and at scale. The company said its Series B funding led by March Capital will further its revenue growth and expand its team to serve a larger customer base. [Parallel Domain]

In other VC funding news: Operating a network solution to power hybrid workforces, Cloudbrink raised $25 million co-led by Highland and The Fabric to further its tech. [PR Newswire]

Butter wants to streamline food wholesale operations with its digital solution. The company pulled in $9 million led by Gradient Ventures. [Yahoo]

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