The ever-busy SF tech scene is flush with fresh capital after a week of funding raises. Spanning enterprise tech, animal healthcare and more, check out what these Bay Area companies are building. This is the Built In SF Weekly Refresh.
Vannevar Labs pulled in $75M. The company develops defense tech solutions. Its artificial intelligence-powered Decrypt product gives the platform translating capabilities for foreign sources. Vannevar’s Series B funding led by Felicis will go toward new product development. The round brings the company’s total capital raised to $90 million. [Built In SF]
Mad Street Den got $30M. Enterprise AI company Mad Street Den closed a round of Series C funding led by Avatar Growth Capital. Mad Street Den’s platform helps businesses in finance, insurance, healthcare and more create clean data, fuel personalized customer experiences and automate complex workflows. With the fresh capital, the company will expand into new industries. [PR Newswire]
SF Tech Quote of the Week
“Developers and designers are too siloed from one another, creating inefficiencies in workflows. Our design tool bridges that gap in collaboration and streamlines building interactive content for products. By offering an end-to-end pipeline for design, interactivity and animation, what you build in Rive looks and behaves exactly how it will in your websites, apps and games.” — Guido Rosso, Rive CEO and co-founder
Rive secured $10M. The company works to streamline the animation process for designers and developers. Its solutions enable real-time collaboration without time-consuming back-and-forth file sends. The Series A funding led by Two Sigma Ventures will help Rive launch its solution. [Built In SF]
Living Carbon raised $21M. Temasek led the Series A funding round that will help Living Carbon plant 4 million photosynthesis-enhanced trees at a large scale over the next couple of years. These trees will grow faster and consume more carbon than their average counterparts, according to the company. Living Carbon has raised a total of $36 million in funding to date. [Globe Newswire]
In more VC funding news: Animal hospital career matching platform Roo pulled in $11 million in Series A capital led by Jackson Square Ventures to expand its presence in the veterinary industry. [PR Newswire]
San Jose-based Axiom announced a $7.4 million Series A round from Blue Bear Capital to grow its teams as it expands the reach of its refrigeration software. [PR Newswire]
