10 Bay Area Tech Startups, Led by Blend, Raised $1.2B+ in Funding Last Week

In a bustling week for Bay Area tech startups, these 10 startups raised more than $1 billion to fund further developments of their unique platforms.

Written by Ashley Bowden
Published on Jan. 19, 2021
10 Bay Area Tech Startups, Led by Blend, Raised $1.2B+ in Funding Last Week
photo: shutterstock

Blend raised $300MThe fintech company is one of many that has seen significant growth during the pandemic. Continuing this momentum, Blend closed on a Series G round led by Coatue and Tiger Global. With the new capital, the company plans to continue pursuing the next stage of company growth with its digital platform that provides banks, lenders and consumers with tools for closing on mortgages and home equity loans. [Built In SF]

Rapyd got $300MThe company’s fintech platform allows businesses to easily send and receive payments without having to build their own infrastructure. This Series D round for the Mountain View-based company will help it expand its platform’s self-service option as well as double its engineering and product teams. [PR Newswire]

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Webflow pulled in $140MAs the creator of a platform that lets users fully construct websites without the need for coding, Webflow is another innovator that’s seen tremendous growth in recent months. Following its Series B led by Accel and Silversmith, the company is moving forward by accelerating innovation and product development, as well as hiring new team members. It currently has open roles in design, marketing, engineering, product and more. [Built In SF]

Harness raised $115MValued at $1.7 billion at the close of its recent funding round, this unicorn is looking to fuel global expansion and increase its engineering staff. The software delivery company works to simplify code optimization by using machine learning and AI tech to automate software deployments. Harness is currently hiring for roles in marketing, finance and operations as well. [Built In SF]

Workato secured $110MIts cloud-based automation platform aims to simplify the processes of centralizing apps, data, APIs and integrations for business and IT users. The new unicorn closed on a Series D round led by Altimeter Capital and Insight Partners and has plans to invest in its tech development and product research. It’s also aiming to largely increase the size of its team, and several positions are available at its Mountain View headquarters. [Built In SF]

Landing got $100MThe flexible living industry has been spurred on by the pandemic, and Landing has been working to keep up with the quickening pace, establishing 10,000 apartments for members across 75 cities. Its Series B funding round led by Foundry Group will help the company pursue its mission and further expansion as people continue to adopt more dynamic lifestyles. [Globe Newswire]

Komodo Health pulled in $44MAlongside the announcement of its ICONIQ Growth-led Series D funding round, Komodo has acquired cloud-based tech company Mavens. The new partnership will combine Komodo’s analytics software with Mavens’ enterprise apps, branding a new healthcare and life sciences enterprise platform. [Komodo Health]

Modern Treasury raised $38MThe Series B round for the payment operation software startup was led by Altimeter Capital. Its platform allows companies to close books and manage payments and banking through a central location. It plans to expand its operations into more industries, reaching finance teams in healthcare, real estate and more. [FinSMEs]

Descript secured $30MAs more people are creating online video content, this company is developing solutions to help them edit video and audio more easily. The company closed on a Series B round led by Spark Capital, and it’s looking to use the fresh capital to build out additional tools for creators of all levels and company sizes. [TechCrunch]

Bryte got $24MBased in Los Altos, this company engineers AI- and robotics-powered beds aimed at facilitating restorative sleep for its customers. The Series A round was led by ARCHina Capital. With the new funding, Bryte plans to invest in research and development as well as expand across markets and price points. [PR Newswire]

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