Tech startups across the Bay Area pulled in funding raises of all sizes throughout the month of February, but these half-dozen companies hauled in the biggest sums. Learn what these companies have up their sleeves with these nine- and 10-figure rounds.
#5 (tied). $150 million, February 17
This company uses computer vision tech to allow people to shop without waiting in line, scanning or stopping to pay for their items. With the funds from its Series C round led by SoftBank Vision Fund 2, Standard is preparing to implement its product at scale as it currently serves customers like Circle K and Compass Group.
#5 (tied). $150 million, February 17
On its mission to digitize the home buying experience, the title insurance startup raised $150 million in debt funding to invest in modernizing its platform. States Title works to expedite title processing and make underwriting more efficient. The funding will be put toward developing its product, investing in go-to-market growth and refinancing debt.
#4. $155 million, February 3
This company’s mobile app lets users share wine recommendations and reviews. As the alcohol e-commerce industry has gotten increased business since the start of the pandemic, Vivino pulled in more funding in order to keep up with demand. The Series C raise was co-led by Kinnevik and Sprints Capital and will enable the company to add AI tech to its platform’s recommendation feature.
#3. $200 million, February 10
Working to improve the lives of truckers, Cupertino-based Plus is investing in the global commercialization of its fleet of autonomous trucks. It employs multimodal sensor fusion, deep learning algorithms and mapping tech to power its vehicles. It secured $200 million in funding led by investors Guotai Junan International, CPE and Wanxiang International Investment and has plans to grow its team across several departments.
#2. $367 million, February 8 & February 23
This company has been a constant in tech industry news for the past few weeks due to its part in a stock trading spree, but now it’s being highlighted for a different reason. Following the latest installment of its Series E raise, the online forum site is investing in furthering its platform in the areas of video, advertising, consumer products and international expansion. To date, the company is aiming to secure $500 million for this round.
#1. $1 billion, February 1
Having recently experienced rapid company growth, this company pulled in a Series G round worth $1 billion led by Franklin Templeton. Serving more than 5,000 companies worldwide, its platform allows users to process huge quantities of cloud data that can be used to power AI. As it pursues its plans to scale and support the adoption of its product, Databricks is hiring for plenty of positions based out of its headquarters in San Francisco.
