Funding rounds of all sizes found their way to Silicon Valley tech developers. Learn which industries are growing next — from security and biotech, to Web3 and HR. This is the Built In SF Weekly Refresh.
Primer Technologies raised $69M. Backed by lead investor Addition for its Series D funding round, AI and predictive analytics company Primer plans to develop new generative AI models. Its existing solutions include Primer Delta, a document analysis tool. This latest raise brings Primer’s total venture capital raised to $237 million. [Crunchbase News]
Instawork pulled in $60M. CTV led the Series D funding round for Instawork, a platform that uses AI to connect businesses to skilled hourly workers. The fresh capital will help Instawork advance its mobile app and introduce new features, like allowing businesses to post shifts quickly and offering them workforce management data interfaces. [Staffing Industry]
SF Tech Quote of the Week
“Organizations need more flexible, cutting-edge tools for enforcement and compliance of content that harms users, especially the most vulnerable ones. For over a decade, the Trust Lab founding team has worked in executive leadership roles at the forefront of technical innovation to solve these problematic issues. Now, using our cutting-edge AI and ML tools, our customers are making progress in combating Internet abuse at scale.”—Tom Siegel, co-founder and CEO of Trust Lab
Trust Lab secured $15M. The company serves clients like government organizations, social media platforms and public entities with a solution for protecting internet users. Its tech detects and monitors harmful content and bad actors by employing AI-enabled classifiers and rules. U.S. Venture Partners and Foundation Capital led Trust Lab’s Series A round. [PR Newswire]
Gridware got $10.5M. Gridware’s monitoring solution enables utility providers to enhance reliability, improve resilience and reduce wildfire risk. The company announced a seed extension round led by Fifty Years and Lowercarbon Capital. Its fresh funding will help Gridware grow its tech into new states and expand the size of its team. [PR Newswire]
In more VC funding news: Protein-focused biotech company Range Biotechnologies secured $5.2 million in a round of seed funding led by Artis Ventures to advance its work with the goal of enabling precision health. [FinSMEs]
Mountain View-based Web3 community and marketplace platform Collectibles.com announced a $5 million seed round led by Blockchange Ventures ahead of its upcoming launch. [PR Newswire]
