Tech news seems to flock to Silicon Valley, and last week was no different. Millions in venture capital dollars went to San Mateo-based companies who now plan to expand their solutions or grow their teams. Catch up on the latest local tech news with the Built In SF Weekly Refresh.
Solid secured $63M. By using APIs and minimal coding, Solid helps fintech companies quickly build and scale their own products. The San Mateo-based company, formerly known as Wise, will use this Series B round to launch into new verticals like logistics, healthcare, education, travel and the gig economy. [TechCrunch]
OneSignal got $50M. The company’s founding team hails from a mobile gaming studio that reinvented itself as OneSignal, a customer engagement platform based in San Mateo. Today, OneSignal sends over 10 billion messages on behalf of users like USA Today, Zynga and Upwork. The Series C round will be used to further OneSignal’s messaging and orchestration capabilities and its email product. It also plans to deepen its global roots with offices in London and Singapore. [PR Newswire]
StarTree raised $47M. The company’s Series B will be used to scale its sales and marketing and accelerate product development. StarTree has raised $75 million in venture capital funding since its launch in the spring of 2021. The Mountain View-based startup created Apache Pinot, an online analytical processing data store used by Cisco, DoorDash, Etsy, Target and other big-name companies. [GlobeNewswire]
San Francisco Tech Quote of the Week
U4U was highlighted in Built In’s Future 5 feature. The startup aims to address mental health by providing tools and resources for young girls and their guardians. U4U is an online community where young women and girls can learn about mental health, find empowerment and support others along their mental health journey. In the future, the company plans to offer a multi-year course that uses machine learning to predict mental health needs and tailor them to the specific user. [Built In SF]
These five Bay Area tech companies raised the most venture capital last month. The five largest funding rounds in August totaled a collective $774 million. These funds were raised by a variety of tech companies ranging from SaaS engagement platforms to AI-powered platforms for the grocery industry. Several companies have plans to hire following their latest raises. [Built In SF]
In other funding news: Pattern Ag, an agtech prediction platform, raised $35 million in a Series B round led by Conti Ventures. [Built In SF]
StepFunction pulled in $5 million in a post-seed raise led by Dallas Venture Capital for its machine learning-backed software that helps SaaS companies improve the predictability and amount of their subscription revenue. [Business Wire]
