Not surprisingly, the Bay Area has a lot of tech news to catch up on from the pre-Halloween week, from investments to rebrands. This is the Built In SF weekly refresh.
Hinge Health raised $600M. The company that focuses on treating those with chronic musculoskeletal (MSK) conditions recently announced a pair of funding rounds that brought in $600 million in fresh investment. The investments will go toward product development and innovation to help improve patient experiences. [Built In SF]
Medable reached $2.1B valuation. Medable is a clinical research company that offers a cloud option for clinical trials. The software connects clinical trial teams with patients and trial sites. The Palo Alto company recently landed $304 million in funding to expand its efforts. [TechCrunch]
Alchemy raised $250M. The latest investment led by Andreessen Horowitz has brought Alchemy’s total valuation to $3.5 billion. Alchemy is a leading platform for blockchain and Web3 developers and provides tools needed to create blockchain applications. The funding will help fuel its mission to expand globally. [Alchemy]
Truepill raised $142M. With the latest funding round, Truepill has now raised a total of $256 million, bringing its valuation in at a little over $1 billion. Truepill is the health platform that connects telehealth, diagnostics, and pharmacy. The company has also launched a Covid-19 wellness program as the demand for the platform increased throughout the pandemic. The funding will go toward expanding, hiring and innovating. [Globe Newswire]
SF TECH QUOTE OF THE WEEK
InCloudCounsel rebranded as Ontra. Ontra has gone through a rebrand in addition to gaining $200 million in fresh funding. Ontra provides a scalable solution for negotiating and tracking contracts. The company has processed over 500,000 contracts and 15,000 NDAs to date. It is currently hiring for multiple roles. [Built In SF]
Allbirds targets a valuation of $2.2B. The sustainable shoe brand is offering 19.2 million shares in its upcoming initial public offering. The shares are priced between $12 and $14. The company will list on the Nasdaq exchange under the ticker “BIRD.” [CNBC]
Gusto acquired RemoteTeam, announced new features. The SF-headquartered human resources platform recently announced it is acquiring RemoteTeam. RemoteTeam helps businesses work from home globally and deals with international contractor payments. [Gusto]
In more VC funding news: Crypto trading platform CoinList announced its raise of $100 million in fresh funding, bringing the total valuation to $1.5 billion and solidifying the company’s status as a unicorn. [Built In SF]
SoftBank Latin America invested in the workflow management SaaS platform Pipefy, with $75 million raised in the Series C round. [TechCrunch]
Farm-to-table D2C unicorn GrubMarket, announced an investment of an additional $25 million after a year of continuous growth. [Built In SF]
Spot AI that has built a software that can read footage announced $22 million in funding to build its technology and customer base. [TechCrunch]
