After another busy week, the San Francisco tech scene is flush with funding. Companies in industries like AI and crypto are outfitted with fresh capital for their solutions. Check out what they’re building with the Built In SF Weekly Refresh.
Tome pulled in $43M. Generative AI platform Tome lets users turn ideas into visual narratives using images, text copy and more. The company announced a Series B raise from Lightspeed Venture Partners, Coatue and others to further build out its AI tools that help users create compelling stories. [Built In SF]
Artifact was featured in the Built In Future 5 series. Artifact developed a digital solution to help people treasure their loved ones and their stories. Its platform allows family members to collect verbal interviews and photos to create digital episodes that depict a person’s life. The platform plans to build out more capabilities down the line, including a new membership options that allow users to keep tabs on which stories have been recorded. [Built In SF]
SF Tech Quote of the Week
“We are looking forward to expanding internationally and expanding our customer base to include larger enterprises on top of our small to medium-sized businesses. Ultimately, we’re enthusiastic to work with innovative companies that discover completely new use cases for employment data that empower their customers and their workforces.” — Jeremy Zhang, Finch co-founder and CEO
Finch got $40M. Finch has developed an API that lets HR companies access directory, payroll and benefits data across more than 200 apps. It’ll expand its solution’s coverage into even more systems with its Series B capital from General Catalyst and Menlo Ventures. Finch also plans to expand its 57-person headcount to over 80 by the end of the year and will hire across engineering, product and success. [Built In SF]
Polyhedra Network secured $10M. Based in Berkeley, Polyhedra Network develops solutions for blockchain interoperability, scalability and privacy. The platform announced a funding round led by Binance Labs and Polychain Capital to develop Web3 infrastructure backed by zero-knowledge proofs. [Yahoo News]
Coinbase launched a new blockchain layer. Coinbase, a cryptocurrency exchange platform, announced the launch of Base, a layer 2 network built using the open-source stack of Optimism, an Ethereum blockchain. The Base offering aims to be an easy-to-use default solution for users to access products on other chains. Coinbase is also currently hiring for a range of positions. [CoinDesk]
In more VC funding news: Helping revamp presentation storytelling, Chronicle announced $7.5 million in seed funding led by Accel and Square Peg. [News Direct]
Crypto company Curio raised $2.9 million from Bain Capital Crypto to build games focused on composable user-generated content. [Curio]
Web3-native messaging platform Salsa pulled in $2 million in pre-seed funding to launch its app that uses social proof from on-chain data. [CMSWIRE]
