Nine-digit funding rounds are only the beginning for the Bay Area, and tech companies are thriving with fresh ideas and new developments. Learn more on the latest. This is the Built In SF weekly refresh.
Zoom acquires Five9. In a transaction that will value it at $14.7 billion, Zoom is buying cloud call center tech company Five9. The video meeting software developer is working on ways to maintain growth during a period where more people are returning to the office and relying less on virtual conference solutions. With Five9’s platform that enables contact center employees to work from home, Zoom anticipates providing more useful features to its customers. The deal is expected to close during the first half of 2022. [CNBC]
Pivot Bio pulled in $430M. Having developed a system that allows crops to use nitrogen to fertilize themselves, the agritech company secured its latest round of venture funding led by investors DCVC and Temasek Holdings. Now valued at almost $2 billion and equipped with over $600 million in funding, Pivot Bio is planning to release new products and fuel global expansion. [Forbes]
SF Tech Quote of the Week
All Raise launches new classes. With an abundance of new online training courses aimed at women and non-binary entrepreneurs, All Raise is working to provide underrepresented startup leaders with insights to guide them through growing their businesses. Covering a wide range of topics like venture funding and executive hires, All Raise offers 15 hours of content across five virtual modules and 36 lessons. [Built In SF]
Carbon Health raised $350M. Providing digital healthcare solutions as well as physical clinic locations, the company is looking to build out the capabilities of its current tech product offerings. It just closed on its latest injection of venture capital in a round led by Blackstone that will enable it to fuel continued growth. Now, the healthtech company’s valuation reaches $3.3 billion. The company previously raised a $100 million round last fall. [Fierce Healthcare]
SmartRecruiters secured $110M. A newly minted unicorn, SmartRecruiters offers enterprise recruitment software and closed on a $110 million Series E round led by Silver Lake Waterman. With the capital, SmartRecruiters wants to fuel product development for its talent acquisition suite. It’s also expanding its go-to-market efforts and investing in customer support. The company is valued at $1.5 billion and has raised $205 million in funding to date. [PR Newswire]
Ethos got $100M. The life insurance tech company has undergone significant growth over the past year, recording a 500 percent increase in revenue and customers. Now, it’s valued at over $2.7 billion after its latest investment from SoftBank Vision Fund 2. Ethos software uses deep technology and data science to modernize the life insurance process. [PR Newswire]
Sundae pulled in $80M. The company operates a marketplace platform that connects sellers to damaged or dated real estate, helping homeowners get a fair price for their properties. Fifth Wall and General Global Capital led Sundae’s Series C round, which it plans to invest in expanding into new markets, developing its platform and growing brand awareness. [Built In SF]
Woebot Health raised $90M. Providing users with digital therapeutics and tools for mental health, Woebot is aiming to further the development of its relational platform and tech, advance its therapeutics candidates, grow its team and expand its go-to-market activities. To do so, it’s investing its Series B round led by Jazz Venture Partners and Temasek. [FinSMEs]
In more VC funding news: Helping enterprise teams collaborate in an engaging way, MURAL raised a $50 million Series C led by Insight Partners and Tiger Global to enhance its platform’s capabilities. [Built In SF]
Operating a blockchain-based identity authentication platform to rid users of passwords, Magic secured a $27 million Series A led by Northzone. Eventually, it wants to expand its tech into SMS, multi-factor authentication and SAML single sign-on. [VentureBeat]
Dover closed on a $20 million Series A for its enterprise recruitment software. Tiger Global led the round for the startup that automates 80 percent of the operational work that goes into recruiting new talent. [Dover]
