Bay Area tech innovators have made moves across a number of spaces with an array of new developments in the past week. Check out what these companies are building and learn who’s hiring. This is the Built In SF Weekly Refresh.
Anthropic pulled in $300M. The latest capital injection for artificial intelligence chatbot developer Anthropic brings its valuation to $4.1 billion. The company gained recognition for its Claude chatbot, marketed as a competitor to OpenAI’s ChatGPT. This new round is reportedly led by Spark Capital and comes weeks after Anthropic’s previous million-dollar investment from Google. [Crunchbase News]
Banyan pulled in $25M. Banyan Infrastructure develops software meant to unlock capital for sustainable infrastructure. The company serves banks, financiers and developers looking to invest in eco-friendly tech projects. Its project finance solution digitizes largely manual processes to expedite capital deployment. Banyan’s funding from Energize Ventures will help double its team and improve its product. [Built In SF]
SF Tech Quote of the Week
“At the broad level, we’ve helped more than 140,000 people cut 7,500,000 drinks from their lives over the course of the last couple of years of operating. So we’ve already had a really major impact in terms of helping people understand where they are and then actually reduce their baseline consumption in a meaningful way.” — Nick Allen, CEO and co-founder of Sunnyside
Sunnyside was featured in the Built In Future 5 series. Alcoholism is a condition that many across the U.S. are currently seeking treatment for; however, not all heavy drinkers looking to make lifestyle changes have alcohol use disorder. Sunnyside developed a wellness app that helps members reduce their drinking and improve their overall health. Its platform relies on text-based communication with coaches and accountability tracking. [Built In SF]
CFEX will participate in an AWS accelerator. Amazon’s cloud service is hosting Clean Energy Accelerator 3.0 for startups developing clean energy solutions. San Francisco-based CFEX helps enterprises decarbonize their businesses and will participate in the accelerator. The program is focused on mature startups and facilitating co-innovation through energy collaborations. [Business Wire]
Brightflow AI partnered with CircleUp. Brightflow AI provides small businesses with software, insights and other tools to help manage their cash flow and access capital. The company announced a partnership with CircleUp, a data company that operates within the consumer goods space. As part of the deal, Brightflow is responsible for servicing CircleUp’s loan portfolio. [PR Newswire]
Growfin secured $7.5M. The company works to help revenue teams accelerate the cash collection cycle with automation capabilities and collaboration tools. Growfin raised a Series A funding round led by SWC Global to expand its tech stack and product range. [Yahoo! Entertainment]
