These 5 San Francisco Tech Companies Raised $10.9B+ in January

Learn how the tech companies that raised last month’s largest venture sums are investing the fresh capital.

Written by Ashley Bowden
Published on Feb. 03, 2025
Photo: Shutterstock
Photo: Shutterstock

The future well-being of humankind is a top priority for San Francisco tech companies and their venture backers. Several innovators in the healthcare space ended January with hefty capital injections to further their solutions. The month’s largest venture sum went to a company in the data and AI space. Learn how these companies are investing billions in fresh capital.

Top San Francisco Tech Funding Rounds, January 2025

  1. Databricks
  2. Kardigan
  3. Innovaccer
  4. Tenvie Therapeutics
  5. Loft Orbital

 

#5. $170 million, January 14

Loft Orbital, a space infrastructure company operating heterogeneous satellite fleets in Low Earth Orbit, announced a $170 million Series C funding round co-led by Tikehau Capital and Axial Partners. The company provides hardware and software that separate a customer’s mission payload from the underlying satellite. Loft’s funding will go toward growing its AI application partner ecosystem, making it easier to run AI apps on its infrastructure.

 

#4. $200 million, January 8

Biotechnology company Tenvie launched from stealth with $200 million from lead investors Arch Venture Partners, F-Prime Capital and Mubadala Capital. The company works to modernize neurological treatments, developing small molecules intended to penetrate the brain and combat inflammation, metabolic dysfunction and lysosomal function. Its funding will advance multiple assets in the clinic. 

 

#3. $275 million, January 9

Healthcare AI company Innovaccer works to help providers, payers and government organizations leverage data to deliver connected experiences and improve health outcomes. The company announced a $275M Series F funding round from investors such as B Capital Group and Banner Health, with plans to expand customer collaboration, introduce new AI and cloud capabilities and build out a developer ecosystem.

 

#2. $300 million, January 10

Healthcare company Kardigan launched from stealth with $300 million in funding from investors like Perceptive Advisors and Sequoia Heritage. The company works to prevent and cure cardiovascular diseases. Its R&D platform leverages cardiac-specific tools to better understand its therapeutic candidates and patients’ individual responses to treatments.

 

#1. $10 billion, January 28

Databricks operates a platform that can analyze both structured data like spreadsheets and unstructured data like emails, combining data warehousing and AI capabilities. The company announced $15.25 billion in new funding, with $10 billion in equity from lead investors QIA, Temasek and Meta. The round values the company at $62 billion and will go toward developing new AI products and expanding internationally.

Methodology: Built In tracked the largest funding rounds of the month using previous reporting and articles from other publications and companies. This list highlights the five largest funding rounds raised in January by tech companies with a headquarters in San Francisco. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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