The Bay Area tech scene pulled in several funding rounds last week ranging in size from a $22 million Series B to a $7 million seed round. These local tech companies span the artificial intelligence, climate tech, construction and biotech industries. With big plans for growth and innovation on the horizon, catch up on the latest. This is the Built In SF Weekly Refresh.
ALICE Technologies added $13M to Series B. This extension from Swire Properties brings its Series B round to $43 million. ALICE also received a term loan from Bridge Bank. ALICE’s platform uses AI to help general contractors and others in the construction sector plan, bid and build their projects more efficiently and accurately. The Series B round was first announced last June. [PR Newswire]
Watershed acquired VitalMetrics. Based in San Francisco, Watershed is climate platform used by enterprise companies to provide gather data about their climate impact, regulatory compliance and more. Watershed acquired VitalMetrics, a greenhouse gas emissions database, for an undisclosed amount. This acquisition will allow Watershed customers to measure and track their emissions on a global and granular level. The company is actively hiring for 25 roles across teams. [Watershed]
San Francisco Tech Quote of the Week
“We need swift and drastic action to tackle climate change — but even with it, we are locked into at least 20 years of climate change’s impacts, so adaptation measures are urgent and necessary to prevent the worst impacts. Our platform creates unparalleled climate intelligence, reducing long-term forecast uncertainty by [an] average [of] 85 percent relative to best-available alternatives, generating significant alpha to incentivize companies to act now on climate change.” — Himanshu Gupta, CEO and co-founder of ClimateAI
ClimateAI secured $22M. The company uses machine learning to create climate risk forecasts and help businesses and government entities minimize their climate risk exposure. The Series B round was led by Four Rivers Group. The capital will allow ClimateAI to grow its team and expand into India, Japan and low-income countries. [GlobeNewswire]
ImmuneBridge pulled in $12M. The biotech company focused on using nature to fight cancer raised a $12 million seed round co-led by Insight Partners and M Ventures. ImmuneBridge will use the fresh funding to gather pre-clinical data and build a screening database for indication-optimized natural killer cells. The company will also continue developing its allogeneic natural killer cell-based immunotherapies. [Business Wire]
More funding news: San Francisco-based climate tech company Noya grabbed an $11 million Series A to bring on more employees, launch its first commercial pilot this year and scale its manufacturing and testing operations. [PR Newswire]
Distyl AI raised a $7 million seed round for its AI offerings that help businesses work more efficiently. The company also partnered with OpenAI. [Business Wire]
