San Francisco tech companies have deepened their pockets with a slew of nine-digit funding rounds last week. Whether it’s climate tech or artificial intelligence, Bay Area companies are making moves in those industries and others. Check out the latest in the Built In SF Weekly Refresh.
Kiavi pulled in $158M. Operating within the real estate sector, Kiavi helps investors grow their businesses by providing them with capital. The company announced a securitization of residential transition loans that will increase the amount it can offer its clients. Kiavi is also building out its internal team across two roles in marketing and finance. [Built In SF]
LeanTaaS acquired Hospital IQ. Santa Clara-based LeanTaaS built an AI-powered capacity management solution for healthcare systems. The company added Hospital IQ, a specialist in automation tools for hospitals, to its ranks. Following the transaction, the combined company reached a valuation of over $1 billion. [LeanTaaS]
SF Tech Quote of the Week
“You can’t manage what you can’t measure. Salo’s analytics and modeling technology, when combined with Planet’s daily scan, are the foundations to enable reliable carbon estimates in forests and to do so at scale. We’ve worked for years with the Salo team and they are going to be a powerful addition to our product suite helping us leap towards understanding forest conservation and helping us combat biodiversity loss at scale.” — Will Marshall, CEO and co-founder of Planet
Planet acquired Salo Sciences. Planet keeps an eye on Earth’s ecosystems through a fleet of satellites that collect daily image data. It’s furthering its work to monitor climate change with the acquisition of Salo Sciences, a company that keeps track of things like biodiversity loss. The deal will expand Planet’s tech stack, enabling it to offer clients more environmental monitoring services. [Built In SF]
Xpansiv secured $125M. In addition to the sizable funding round, greentech company Xpansiv announced its acquisition of Evolution Markets. Evolution provides financial services to environment-focused companies. With a nationwide presence and thousands of customers, the newly combined company will work to expand its services and product development capabilities. [Built In SF]
Carbon Health raised $100M. With a hybrid healthcare solution that serves patients across the country, Carbon Health is expanding its platform capabilities with a new injection of funding. CVS Health made a significant investment toward Carbon Health’s $100 million Series D round. Alongside the funding, Carbon Health announced CVS will pilot the Carbon Health operating model inside some of its existing store locations. [Built In SF]
In more VC funding news: Providing companies with Earth observation data, satellite manufacturer Capella Space raised $60 million from the U.S. Innovative Technology Fund to expand its imaging capacity. [PR Newswire]
Chatbot company Inbenta got $40 million from lead investor Tritium Partners to hire new talent and further its conversation AI solution. [TechCrunch]
