Hundreds of thousands of dollars poured into Bay Area healthtech companies in April. Overall, the five largest tech funding rounds in Northern California pulled in more than $1.1 billion last month to put toward new applications in healthcare, artificial intelligence and other industries. Check out which sectors are growing after last month’s largest venture raises.
Largest SF Funding Rounds, April 2023
- OpenAI
- Ohmium International
- HeartFlow
- Astranis Space Technologies
- Noah Medical
#5. $150 million, April 19
Operating in the medical robotics space, Noah Medical developed a commercial robotic system with the goal of enhancing patients’ quality of life. The company will put its latest funding round, a Series B led by the Softbank Vision Fund, toward meeting rising demand for its Galaxy System, an integrated tool for navigated robotic bronchoscopy.
#4. $200 million, April 14
Backed by Andreessen Horowitz, Astranis develops geostationary satellite tech that situates 22,000 above Earth. The company’s first commercial satellite launch commenced on April 26 with the help of $200 million in new debt and equity funding. The round brings Astranis’ valuation to $1.6 billion. The company has four more satellite launches planned for this summer.
#3. $215 million, April 6
Headquartered in Mountain View, HeartFlow operates AI-enabled precision heart care solutions. Bain Capital Life Sciences led the Series F round, which will help HeartFlow meet demand for its commercial products, support its clinical evidence base and advances its product portfolio to help physicians diagnose heart disease and inform treatment decisions.
#2. $250 million, April 26
Green hydrogen is used to decarbonize certain industries and help humanity shrink our carbon footprint. Ohmium International develops tech to produce green hydrogen and plans to expand its manufacturing capacity and overseas project deployment following its latest funding round. TPG Rise Climate led the Series C raise that will also help Ohmium fuel R&D.
#1. $300 million, April 28
The famed creator of generative AI chatbot ChatGPT has been headlining the tech world for months as companies across the board continue partnering with OpenAI for its tech solutions. Many investors want a piece of the OpenAI pie, as names like Tiger Global, Sequoia Capital and Andreessen Horowitz have come to back the company with a $300 million tender offer. OpenAI is continually fueling advancements to its tech and recently launched GPT-4, a language model meant to surpass its predecessors.
