The Bay Area tech scene had a banner month in July, and these companies pulled in sizable funding rounds to prove it. Fueling innovation in everything from healthcare to agriculture and the human brain itself, find out what these companies have planned with these mega-rounds of venture funding.
#5. $205 million, July 29
Led by the same entrepreneurial mind behind Tesla and SpaceX, Elon Musk’s Neuralink is developing a brain implant that will allow users to control a computer using only their thoughts. This futuristic venture was funded by Vy Capital, GV, DFJ Growth and others, and the $205 million will go toward taking Neuralink’s initial product to market as well as furthering R&D for more products down the line.
#4. $240 million, July 28
Offering enterprises an AI-powered API to help them communicate with customers across multiple channels, Gupshup allows for casual conversations while enabling customers to discover, buy and track products at the same time. Now with $240 million in follow-on funding from Fidelity Management, the messaging platform is investing in product development and scaling its go-to-market initiatives across the globe.
#3. $300 million, July 9
Offering users a secure access service edge platform, Netskope allows people to safely access the internet or their company’s infrastructure from any device. It aims to keep outside threats away from organizations. Now valued at $7.5 billion after its latest injection of funding led by ICONIQ Growth, Netskope is looking to expand its go-to-market strategy as well as its team.
#2. $350 million, July 21
Providing omni-channel primary healthcare services to users, Carbon Health has recorded a 4x growth in revenue over last year and operates clinics in 11 states across the country. With its latest addition of funding, the company is planning to expand even more throughout the nation. It’s also putting some of the money toward its research and development as well as clinical design as it continues working to provide users with affordable care.
#1. $430 million, July 19
Working to create a replacement for environmentally harmful synthetic fertilizers, Pivot is engineering an alternative that’s based on nitrogen-producing microbes. DCVC and Temasek led the startup’s latest raise that brings Pivot’s total venture capital raised to more than $600 million, and its valuation to almost $2 billion. The company is investing in expanding into more countries and improving the efficiency of its product.
