8 SF Tech Startups, Led by Rippling and Rigetti, Raised $350M+ Last Week

Rippling and Rigetti Computing led the pack this week in SF tech with a combined total of over $200 million in new financing.

Written by Jeremy Porr
Published on Aug. 10, 2020
The sun sets over the San Francisco skyline.
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Rippling grabbed $145M. The Series B round was led by Founders Fund and brings the San Francisco-based company’s total valuation to $1.35 billion. The Rippling platform provides employers with one central place to manage operations tasks, from completing tax forms to onboarding new employees. The company will use the additional financing to hire new talent. Rippling is looking to fill multiple roles in design, engineering, marketing and product management. [Built In SF]

Rigetti Computing raised $79M. The Series C financing round was led by Bessemer Venture Partners. The additional capital will go toward developing a quantum system capable of outperforming regular computers. According to the company, Rigetti owns and operates the world’s first quantum chip foundry, the Fab-1. The company is currently hiring for several research, engineering and design roles. [Built In SF]

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Ginger got $50M. The Series B round was led by Advance Venture Partners and Bessemer Venture Partners. Ginger’s mental healthcare platform employs a team of behavioral health coaches, therapists and psychiatrists that work together to provide patients with personalized care plans, accessible remotely via Ginger’s app. Over 200 companies, including Delta, Sephora and Chegg, have partnered with Ginger to provide employees with mental healthcare coverage. [Built In SF]

Springboard grabbed $31M. The Series B round for the remote learning platform was led by Telstra Ventures. The company offers a range of online courses for people pursuing jobs in the tech industry. Subjects include data analytics, UI/UX design and software engineering. The company intends to use the new financing to build several new features for its platform, including an AI-driven job matching tool. [Built In SF]

PandaDoc raised $30M. The additional capital came about as a result of a Series B extension led by One Peak with participation from Microsoft’s Venture Fund. The startup’s fully digital sales document workflow app provides assistance with everything from proposals to payment. The company has plans to expand with a major hiring effort over the course of the next year. [TechCrunch]

StreetLight Data grabbed $15M. The Series D for the big data analytics platform was led by Macquarie Capital and Activate Capital. According to the company, StreetLight intends to use the additional capital to expand its operations and support general growth efforts. StreetLight’s SaaS platform combines machine learning with transportation knowledge, computing and mobile data resources to provide insights into almost every road in North America. [FinSMEs]

Qualified got $12M. The Series A round for the conversation marketing platform was led by Norwest Venture Partners. The company’s platform is used by sales teams to maximize conversations with potential buyers through digital channels.  According to the company, Qualified enables marketing and sales teams to identify when target buyers arrive on the website and instantly start a conversation. [PRNewswire]

Verikai raised $6M. The Series A round for the insurance technology company was led by ManchesterStory with participation from ValueStream Ventures and Plug N Play. The company will use the additional capital to expand its sales and marketing resources. Verikai leverages alternative data and machine learning to accurately evaluate risk. [FinSMEs]

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