The diverse and dynamic Silicon Valley tech scene shined bright last month despite the cooling season. Companies in the finance, data and software sectors all secured ample funding rounds to further their solutions. Two companies that raised the most capital last month are valued at more than $3 billion. Read on to learn more about the Bay Area’s five largest venture capital raises in November.
Largest San Francisco Tech Funding Rounds, November 2022
- Astera Labs
- WEKA
- Alation
- Arta Finance
- Contentstack
5. Contentstack: $80 million, November 15
Based in San Francisco with an office in Austin, Contentstack developed a content management system that companies can integrate with other CMS solutions to create their own unique experience. Its latest round was a Series C co-led by Georgian and Insight Partners. This round brings Contentstack’s total funding amount to $169 million.
#4. Arta Finance: $90 million, November 2
Alongside the launch of its solution, investment platform Arta Finance announced a $90 million investment from Sequoia Capital India, Coatue and other investors. Arta Finance aims to make alternative investments more accessible. With its solution, accredited investors can access private equity, venture capital, real estate and other assets. The platform hopes to eventually expand into other countries outside of the U.S.
#3. Alation: $123 million, November 2
Outfitted with Series E capital for its data intelligence platform, Alation has achieved a $7.9 billion valuation. The Redwood City-based company helps enterprises organize and consolidate their data to help fuel informed innovation. As it grows its solution, Alation’s latest round brings its total funding to $340 million.
#2. WEKA: $135 million, November 15
Looking to fuel rapid growth and expand its footprint across the globe, WEKA pulled in an oversubscribed Series D funding round. Its data management software is designed to solve data challenges in cloud and artificial intelligence systems. The company’s latest capital raise was led by Generation Investment Management and will help WEKA expand its platform’s features and integrations.
#1. Astera Labs: $150 million, November 17
With a $3.15 billion valuation following its recent raise, Astera Labs is building on a period of recent growth with fresh capital. The company builds computer chips to help organizations run compute-intensive workloads for AI and machine learning applications. It recently launched a new product line and expanded its global footprint. The semiconductor company is also hiring for a handful of engineering and product roles.
