San Francisco-area tech companies raked in several venture capital rounds last week. One funding round even led to a $2 billion valuation for a Web3 company. Keep reading to find out more. This is the Built In SF Weekly Refresh.
Mysten Labs got $300M. Based in Palo Alto, Mysten Labs is a Web3 infrastructure company that also develops the Sui Layer 1 blockchain. The $300 million Series B round was led by FTX Ventures and brings the one-year-old company’s valuation to more than $2 billion. The funds will be used to continue building Web3 infrastructure and applications for the Sui blockchain. Mysten Labs also plans to hire. [Business Wire]
Dealpath gained a $43M Series C. Dealpath is a deal management platform for the real estate industry. Its cloud-based platform is used by hundreds of businesses including Blackstone, Oxford Properties and Bridge Investment Group. Led by Morgan Stanley Expansion Capital, the Series C round will be used to grow Dealpath’s executive, sales, product and customer success teams. The funds come after a period of growth for Dealpath, during which it scaled its team to 100 people in San Francisco, New York and Toronto. [Business Wire]
San Francisco Tech Quote of the Week
Perform was included in Built In’s Future 5 series. Perform is an app that helps runners of all levels improve their training, stay on track with their fitness goals and be held accountable. Users are matched with a coach who uses Perform’s app to build personalized training programs. The startup is actively hiring a founding engineer, a head of growth and coaches. [Built In SF]
Arize AI raised $38M. The machine learning operations platform raked in a Series B round led by TCV, bringing its total capital raised to $62 million. Arize AI plans to invest in research and development, while scaling its 50-person team to 100 employees over the next year. [TechCrunch]
Other funding news: Mountain View-based Isovalent pulled in $40 million in a Series B round led by Thomvest Ventures. Funds will go toward growing its open-source technologies Cilium and eBPF. [PR Newswire]
Uiflow secured $15 million in a round co-led by Together Fund, Addition and Transpose Platform. The Series A will be used to grow Uniflow’s team and bring its platform, which allows teams to build front-end apps, to market. [TechCrunch]
