SingleStore Got $116M, Pulley Raised $40M, and More Bay Area Tech News

Here’s what you may have missed last week in San Francisco’s tech scene.

Written by Charli Renken
Published on Jul. 18, 2022
singlestore's team
Photo: SingleStore / Facebook

There was a slew of funding news out of the Bay Area last week, with multiple companies raking in millions of dollars of new funding, as well as a massive multi-billion dollar acquisition. Here’s what you may have missed last week. This is the Built In SF Weekly Refresh. 

Unity acquired IronSource for $4.4B. The real-time 3D content platform announced last week that it plans to acquire Tel Aviv-based IronSource, an app creation platform for businesses, which will become a wholly-owned subsidiary of Unity. Together, the companies will create an end-to-end creator platform. [Built In SF]

SingleStore raised $116M. The cloud and on-premises app database provider plans to use its Series F funds to accelerate product development and hire new talent. The funding round, led by Goldman Sachs, brings SingleStore’s total capital to $382 million and launched its valuation into unicorn status. [TechCrunch]

Tecton raised $100M. The Series C round led by Kleiner Perkins brings the machine learning platform’s total funding to $160 million. It plans to use its new funds to deliver on customer value and expand its engineering and go-to-market teams. [GlobeNewswire]

Bay Area Tech Quote of the Week

“We’re excited for Pulley to take a new approach to equity management. We help companies make better decisions about equity allocation before they get recorded on the cap table.” — Yin Wu, co-founder and CEO of Pulley

Pulley raised $40M. The equity management platform will use its new Series B funds, led by Founders Fund, to expand its team. [Built In SF]

AssemblyAI raised $30M. The speech-to-text and text analysis platform plans to use its new Series B funds led by Insight Partners to hire talent for its research and engineering teams. [TechCrunch]

In other funding news: Arist raised $12 million for its microlearning platform that helps companies deliver short-form educational content to their employees through messaging apps. [Built In SF]

Uprise, a personal finance platform that helps Gen Z users better understand their finances, raised $1.4 million to accelerate its product roadmap and expand its team. [Built In SF]

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