With a plethora of generously sized funding rounds last week, Bay Area tech companies have several new developments planned for the road ahead. Find out what’s underway. This is the Built In SF weekly refresh.
Google plans to make 10,000 new hires. One of the world’s largest companies is getting even bigger with a $7 billion investment in its U.S. offices and data centers. The tech giant is planning to onboard 10,000 new employees this year in the U.S. and invest $1 billion in its California offices. Currently, Google is working on a new Mountain View campus that’s scheduled to open sometime this year. [Built In SF]
Weee! secured $315M. This Fremont-based grocery delivery service works to increase accessibility to Asian and Latinx ingredients that are harder to come across in popular supermarkets. DST Global led the startup’s Series D round that’ll enable it to develop new features for its platform and expand its range of available products. [Built In SF]
SF Tech Quote of the Week
Stripe pulled in $600M. Enterprise finance solution company Stripe is planning to invest in expanding its operations overseas in Europe following its Series H round from investors like Fidelity Management and Sequoia Capital. It’s hiring for 200 positions across the globe and has remote availability for roles in engineering, sales, marketing, data science and finance. [Built In SF]
Airtable got $270M. Its no-code solution serves enterprise customers as a relational database. The Series E round for Airtable was led by Greenoaks Capital, and the company plans to put the funds toward product development and increasing its headcount. To date, Airtable’s valuation reaches $5.77 billion. [TechCrunch]
Chime gave customers early access to stimulus checks. The fintech company partners with lenders to offer customers checking and savings accounts. Instead of waiting for money to arrive from the Federal Reserve, Chime pays out amounts early, from paychecks to tax refunds. The day immediately following President Joe Biden’s signing of the American Rescue Plan, Chime had already delivered $600 million in stimulus payments to 250,000 members. [CNN Business]
Grand Rounds merges with Doctor on Demand. Working to combat uncoordinated healthcare, the two companies are joining forces. The resulting company will incorporate Grand Rounds’ clinical navigation tech and patient advocacy tools with Doctor on Demand’s virtual care offering. The deal is projected to close within the first half of this year. [Grand Rounds]
Coalition raised $175M. The enterprise cybersecurity platform provides clients with tools like automated security alerts and endpoint detection and response. Its Series D round led by Index Ventures brings the new unicorn’s valuation to $1.75 billion. The cash will enable Coalition to expand and further its product. It’s also hiring for roles in engineering, marketing, product and data science. [Built In SF]
10x Genomics expands its HQ. Based in Pleasanton, the biotech company is looking to expand its presence. In addition to leasing a second building along Stoneridge Mall Road, it’s acquiring a site on Springdale Ave. for $24.9 million. The latter site will feature three new buildings spanning 381,000 square feet and a parking garage. The first building is set to open next year. [The Independent]
Unagi secured $10.5M. With its e-scooter subscription service, Oakland-based Unagi just closed on a round of Series A funding led by the Ecosystem Integrity Fund to build out its delivery infrastructure. Once someone subscribes, they’ll have the company’s Model One e-scooter delivered to their home. It’s looking to expand its services into locales including Austin, Miami and San Francisco. [Built In SF]
In more VC funding news: Insight Partners led a $115 million Series C for Clarify Health that will help the company scale its self-service healthcare analytics solutions.
Livermore-based Monarch Tractor is looking to promote sustainable farming with its electric smart tractor following its $20 million Series A round.
Secureframe got $18 million in Series A funding led by Kleiner Perkins. It offers a cloud-based service that works to help enterprises lower the workload required to comply with cybersecurity standards.
